Member Info for Spank.theMonkey

It's all stacking up in our favour! - just need to exercise some patience (note to self).

He said the strategic investor is still committed in an interview on 9th May.

It was $500k not £500k and the RNS on 9th February stated that "An application has been made for 7,847,000 new ordinary shares to be admitted to trading on the official list and the London Stock Exchange from 8.00 a.m. on Monday 12 February 2024 ("Admission"). In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company's enlarged issued ordinary share capital will comprise 217,226,950 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure Guidance and Transparency Rules". Does that not satisfy their obligation on disclosure? - do they need to release something else to confirm voting rights?, genuine question not being funny.

I think it's somewhat unfair to suggest that he's being disingenuous, he's stated that the prospectus is still in play and that it's a complex back and forward process with the regulator and out of his control, he also confirmed that the strategic investor is still committed. He's been upfront about everything all the way along, always balanced, the one thing he is not is disingenuous.

Some more meat on the bones regarding timescales, SPG, margins etc - https://blencoweresourcesplc.com/wp-content/uploads/2024/05/Blencowe-Presentation-June-2024.pdf

Links to videos and comment from the Executive Chairman Cameron Pearce -

"Blencowe recently recorded video interviews on the media platforms linked above to provide investors with further detail following a successful management trip to Asia. In China we visited Jilin Huiyang New Material Technology Company which is currently undertaking processing of a 600 tonne bulk sample of small flake graphite from Orom-Cross. This effort aims to produce commercial scale processed samples for a range of tier-1 offtakers in both China and South Korea, who have shown significant interest in high-quality processed product from Orom-Cross, especially smaller sized flakes suitable for SPG processing for the battery industry, including Electric Vehicles. Investors should note that prequalification of product with industry buyers is a crucial step for any serious graphite miner, and Blencowe is well advanced on this route.

In addition to the small flake graphite, we have received positive feedback on large flake graphite samples from Orom-Cross from other potential offtake parties, with larger flake graphite typically commanding premium prices.

During our trip, we also met with various EPC groups and Chinese strategics to advance our in-country downstream SPG processing strategy. We believe that adding local Ugandan downstream SPG processing facilities will enable us to capture more of the downstream value chain and significantly enhance Orom-Cross's already compelling economics. This will also substantially differentiate Blencowe from its graphite peers. So far, test work in China has been progressing positively, as have discussions regarding potential offtake MOUs and strategic partnerships for downstream SPG processing.

We anticipate further updating the market on the progress of our test work and the interest from potential offtakers in the coming weeks."

Offtake MOUs potentially in the next 1-3 months, hopefully that piques some interest.

*Mavern's (apologies) was thinking of the Worcestershire town not far from me.

This is what makes it all so interesting, differing views and opinions, I'm loaded up and unlikely to add much more now so will obviously champion Malvern's prediction!

Thanks, I think I'm spending too much time willing the value to be realised, need to have more patience, turn off from it and just let it play out.

There's another tweet but it's just another snippet from the FocusIR interview the other week, I don't know why they do this, it looks a bit desperate to me.

I think the trouble here is that nobody has any confidence in Naheed to deliver or complete on anything, regardless of the potential of any one of the projects.

"Once completed we think we will be able to get qualified & be able to bring forward all the offtake partners".....I wonder how many potential offtake partners there are?.....I like the use of the word 'all'.

Https://x.com/BlencoweRes/status/1791367636246282367

One needs to consider the value of the trades not the number of confetti shares, I think that's what Paul is looking at....32 million shares isn't that much in terms of value, the whole business is worth less that a 3 bed flat in London.

Away with the fairies.

"The management and board of the Company acknowledges the support of all shareholders and remain committed to generating an attractive return on their investment" - Naheed Memon (Interim Results / 22nd Sep 2022 / SP - 0.23p).

Still, good opportunity for Naheed to buy some herself (either within or outside of a share plan) and for lordsidcup and gingerhippo to average down.

We could have raised more but we only raise what we need (or something along those lines) is what she came out with at least 4 placings ago.....genius Naheed.

We knew it was due, no surprises here.