Member Info for SophisticatedD

Maybe want this JV wrapped up before the Africa oil conference next week

.9 quietly going 🤔

The opportunity here is rarely seen

2000bcf drill jvd

Char was 200m cap and aex 100-200m cap on similar

Buyer still at it 👀

200k on the rsp then 6.5 wanted

Must be a huge buyer yet to report 🤔

3 year resistance taken 🤯 9.5p next stop

Then eee type rise

Our competitors are £200m and £350m cap…

Let that sink in

£6m volume in 3 weeks …… someone knows something

100k then nt 🤔

30% of the company exchanged in 3 weeks

Nt to buy

100m volume in 3 weeks

Someone is buying large

A real struggle to buy today

#BRES

£20m cap

There isn’t a single post DFS company on lse sub £100m cap with a nav in the 100s of Millions/Billions

News q3/q4

-Drill assays 230 holes

-More offtakes

-Finance mou?

-Jorc upgrade

-Definitive feasibility study

2 direct competitors £200m and £350m cap

BRES started off 4 years ago and has managed to prove up its asset through a rigorous drilling campaign majorly funded via iis and a DFC USA government grant

Due to this it’s reached DFS stage with zero debt/clns, 100% ownership and an impressive sharecount of 365m

Production planned 2026

6.5p about to be paid

Apparently we were the second most watchlisted stock on all of lse last week

TG group:

https://x.com/theunsophistic2/status/1969764029163053445?s=46&t=4s-AQzZhMmeWz3Ire1AEsA

Eyes on the prize, be nice to see an updated note

We now have: bigger proven resource, JV for benefaction, offtakes and funding MOUs

Opinion & Recommendation - The securing of a $5m grant from the DFC is a commendable achievement for Blencowe and significantly reduces financing risks at Orom- Cross.

We have re-calibrated the PFS published last year from a NPV8 to NPV10 to reflect a higher cost of borrowing world (from $482m to $402m) and applied certain

development/resource (30%), finance (12%) and country (25%) risk factors. The impact of the DFC grant and potential for it to lead to securing project construction funds has resulted in our finance risk being slashed from 40% to 12%. By applying all these risk factors to our NPV10, we calculate a valuation of $185.7m, an increase of 46% on our previous $126.5m estimate.

Using the current no of shares in issue and 100% project interest this would imply a price per share of 73p (prev. 59p). If we factor in the impact of possible share dilution over the next 24-months, we arrive at a 46p valuation. Taking an even more prudent approach and assuming Blencowe ends up with a 51% project interest if a JV partner was bought in, then a 23p value is calculated. Although if the DFC provides significant debt funding to construct a mine, such a severe project dilution may not be needed, instead a smaller valuation

adjustment would be made according to the impact on future cash flows from whatever potential funding solution is provided.

Positive news Monday

Where does it open .06? .09?

Syrah struggling 🤔

Tesla might need a new supply

Know of any? 😉

https://www.reuters.com/business/autos-transportation/australias-syrah-resources-gets-tesla-reprieve-graphite-supply-deal-2025-09-17/

Zeus gone

Https://open.substack.com/pub/thatstocksguy/p/blencowe-resources-is-almost-there?r=28f0br&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true