Member Info for pj70

IT is one big beautiful road - best road , biggest road and we are going to make namibia great again with this road.

Why be so rude REstore whatever you call yourself.

Something is going on here the last 3 trading days. No interest whatsoever and a few shares traded to now alot more larger share tranches out of the blue and no news

The move today and trades would suggest so Sparky

The acquisition was great but the tie up with Mondelez a $38bn snack food and confectionary company across 3500 stores in north america is a huge thing and one just cannot ascertain the size of the revenue accretion on this tie up. Time will tell

Hi Nigel - what i am not sure on is the ore value per mtu which i think is circa 1300usd mtu as per there 2026 presentation. I think the processed tungsten is the 3000 mtu. If someone can explain in more detail appreciated.

My understanding is that we are not doing the processing just the tungsten ore itself extraction?

Personally if this quarter continue at above 80 a barrell and we have continued to do above 150k boepd the FCF and our debt position will be negligible by end of Q2.

6.65 now the new 12 month target for Seplat.

Thanks Zeus for this.

With greg Coffey the aussie billionaire also behind this and helping funding this looks positive for the future.

Noticed that SP Angel released a broker note on Buccaneer at 5p target price - in the research tab above on LSE

Point taken Legal wolf - If they get funding then the statement below i still agree with:

"Market cap £50m vs EBITDA £200m on a sub 200m capex investment with mine life 15+++ years but not factored in. No brainer hold comes to mind."

I am struggling to see a way forward after 6 months with the funding - thats where i am at and why the sell down of 60% and change of tone.

I do see where you are coming from, but my change of tact came after the interview with mike and his approach to funding answer, just did not cut for me personally and made a decision to decrease my holding. Take of that what you may.

Legal wolf you really are a piece of work. If you read anything I wrote you would see that i sold down 60% of my holding and not 100%. You asked for proof of other graphite mines which I gave you.

This is last time I will post here. All the best to holders and hope the funding comes through soon

Fortuna - i still hold Blencowe but not at the level i once did.

He bought them for 6p and can now sell them for 8p - yes you would always buy them as you have made a great profit in 24 hours IF he decides to sell straight away otherwise nice gain.

Chromo - part of my reason for sell down was to invest in another 3 stocks and also de-risk the amount i did have in blencowe which i felt uncomfortable with. I do not think that we will hear in Q2 if they are still at data room stage as i always thought that the previous DFS was what was going to be used for funding data and what we were told. The update to DFS was just that an update with new numbers (obviously they were told to do that by someone!!??)

I am hoping Q3 BUT we just dont know how far along the road the possible funders have done there DD and is mike and the board going to wait until all potential funders complete there DD and compare offers or take FIFO approach due to timelines slipping?

Legal wolf please feel free to do a google search on number of graphite plays globally as there are alot and why Mike in both video and in the RNS why they are wanting to get the ball rolling and get ahead of the supply curve. Between Australia, Canada and eastern africa there are a number of new or potential new mines coming online or deposits in the stage of funding etc. China also has vast resources in this space - yunshan mine alone is 200k t pa, Balama mine in Mozambique is the biggest producer in the world but problems with unrest.

This link should help you show the ones close to permitting or online:

https://www.mining.com/featured-article/ranked-worlds-top-10-graphite-projects/

Mavern - agree to an extent. there are so many AIM miners currently at the stage of Funding and if they get it they will fly to the moon and if they dont they are like many before them they either die a death as the commodity supercycle passes OR they are able to equity fund it. Blencowe is just one of a number that i am following that are in the same boat - get funding and they will be producing in the commodity supercycle and will do well and if they dont then the deposit will pass onto the next company down the track.

I would also be careful with the comments that Graphite is in short supply as it is not, but refined battery grade is in short supply as China control that and why blencowe want to do the refining down the track and where the margins are.

Anyways i am invested still but sold 60% of my holding over friday and yesterday until there is clarity on the funding as i personally dont think it is as close as others on here believe but i will state i hope i am wrong.

Wheaten - great post but where is the best road on the planet being finished and one like the world has never seen before :-)

Wonder why the sudden interest today. Very rarely has many trades and today was 3-4 fold on a normal day.

By the way thanks to all those with differing thoughts and opinions on the current state of funding and play and actually explaining there point of view rationally rather than belittling or putting someone down. A bit of a change in a good way!

Well summed up Chromo