Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Sienna .. I really don’t know .. But it’s been end of tax year. Possible people were trying to close things off, maybe some trying to bed / transfer things.. maybe even some t20s from a while ago that were caught offside. That drop was vicious and caught a lot on the hop I reckon.. I only know there’s something going on we can’t see by checking book and rsp, and well.. from doing that a lot over the years in various shares. Truly have no other insight lol
You still can’t buy more than 5 grand with a live quote. I guess you could stick an order in and might get filled, but there’s something going on in background still. Except some jokers keep panicking and selling while whatever is happening is happening lol .. please be patient we will arrive at our destination soon 😆
it’s literally *************** should be but isn’t. watch out for further eu funding. already had it at 43p and being directly across border from tesla gigafactory and all german car manufacturers.. think crma
“for critical materials, the eu is reliant on china which dominates global processing - such as 90% of all rare earths and 60% for lithium.”
https://www.reuters.com/markets/commodities/eus-hunt-critical-minerals-2023-12-18/
Https://x.com/corcelplc/status/1777984873774387386?s=46
▪️ Corcel is laying the foundation for a material growth story, backed by low risk brownfield onshore oil assets in Angola and high upside transitional metals projects.
Read our full presentation here: buff.ly/3OZfjbt
Https://www.ogj.com/general-interest/article/55016979/sonangol-lets-contract-for-lobito-refinery-project
“One of several strategic downstream developments under Angola’s national plan to increase domestic crude processing capacity to help reduce the country’s dependence on refined products imports, encourage increased foreign investment, and create employment opportunities for Angolans”
We should remember that the original LB JV was proposing $81m (£63m) for a 50/50 Jv and 100% offtake. If they offered that right now for whole project, it would equate to 18p per share. There’s parties know the value and future returns
I don’t think it’s the management who would be able to settle for peanuts.
A minimum offer by the offeror (should it be Sheffield) would be the highest price paid in preceding 12 month, which would be Sheffield option at 4.891p (they’ve included this in their tr1).. and then they’d have to get the major shareholders onboard to vote it through, who will also want a return for funding the co through a few raises, last being 4.25p. Between those other tr1’s there’s circa 30% plus of float, then account for other large holders. It won’t be peanuts as in down here.
Yes Kenyan. When they dropped the bid earlier into high 30s you could still only buy just over 1.5m share before nt at 0.42. Right now there’s about 12 grand available then offer is up near 0.45. I feel they’re still clearing something but also it’s slowly being taken
Yeah we could do with an update now. Seems quite odd selling into this week, and I can only assume it’s some taking bits off the table at end of tax year. As Silverblade just said below, it’s fully funded for a decent amount of time for partners / commercial opportunities to develop, with high institutional support, So let’s see..