Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
I suggest anyone who is fed up with our resident manchild (everyone?) reports one of his posts, making the case that the no, nature, and volume of posting amounts to disruptive behaviour.
If enough do so I would hope the mods would be stirred in to action.
I suggest anyone who is fed up with our resident manchild (everyone?) reports one of his posts, making the case that the no nature, and volume of posting amounts to disruptive behaviour.
If enough doves, I would hope the mods would be stirred in to action.
Moderation is available. I am happy to report posts that transgress, unlike some who regard that as snitching.
But our resident baboon's posting is frenetic, incoherent, and timewasting, none of which give grounds for deletion.
Only in the collective are they disruptive, which does give such grounds, but there is no mechanism for reporting that afaik.
So like zoo visitors to the baboon enclosure we have to endure him flinging his faeces thru the bars, or leave the forum, I guess.
I doubt we'll see 9p but a rise today is certainly on the cards.
It's a good comprehensive update and SB andcteam have clearly been very busy and are doing a thoroughly detailed, professional job, delivered at pace.
Does it change much in the investment case? Not really, imho. Altho the processing options are made a little clearer, the pathway is as expected.
Lots of milestones to hit ( and be financed)over the next 2 years b4 the demo plant proves it up.
"I personally don't think we will see 5p region at all" Famous last words. Predictions are hard, especially about the future, as a wise man once said.
"I'm not long enough on these forums to understand" Amen. For someone who doesn't understand, you have a lot to say. A wiser man might hold his tongue until he does.
"Unless there is any change I won't be on here for a while, too much arguing, from me,"
Amen, again.
But I fear the man who doesn't understand will be unable to long resist giving us all the benefit of his inexperience. About 10 minutes, I would guess.
Arthur
Agree with your first post almost entirely. I would only substitute "will " for "may" require further funding.
The question is not whether 7p, 8p, 2p is " about right".
Is a £43m Mcap about right? That's the question, and there's the rub.
What will be revealed?
My take in the timescale was also that SB did say "up and running" by 2025, he clearly was targeting Q4 of that year. Even if that target was hit.....and at this stage I would expect some slippage....that implies Q2 2026 at the earliest
before it can be judged to have proved the process. Or not, of course, unlikely as that may seem.
Bridgedigg
Last raise was 11p, not 12p, and will fund drilling, analysis, and plant process design ready for pilot plant design in 2025.
So current activities are fully funded, but at some stage money will be needed for pilot plant detailed design and construction. No one knows when that will be, mb late 24 or early 25 at a guess.
So we are safe from dilution for 6 to 9 months, imho.
ML
I am in no way suggesting any scam, lying, or any other sharp practice. I am sure EEEs staff, from SB down are solid, professional, and true.
But I have known other companies where dependable, honest professionals have honest and well justified plans and opinions that just don't work out.
That's all.
Nobody is being accused of lying.
But it goes without saying that professional judgements need verification, preferably by independent and disinterested persons, b4 they can be taken as proven. Trust, but verify ... as Reagan had it.
I am pointing out that unqualified restatement of co position is not adding credibility. Not that EEE lacks that, just that peer endorsement is critical in any professional sphere.
Some posts emphasising ease of processing appear to be based purely on restating EEE statements. We have all ( I hope!) read that.
Merely repeating it does not make it so, nor does it make it a view held by industry peers.
I have made plain I have no relevant industry experience that enables me to judge the matter. Do those posting positively on it have such, or are merely convinced by company position?
I mean no disrespect to any posters, who are on the whole being very understanding of my perspective.
But I don't quite understand how anyone can post here with certainty on technical matters, and on how industry majors will perceive the investment case, without setting out their credentials.
Tbh I'm baffled as to why this isn't at ATH..
The mine has operated exactly as planned, proving Segun's ability tobe execute. Doubts us looking good, lithium in the background, mine life ext all in the plans, close to net cash already.
With gold @ $2150 cash will be flying in the door, so could be double and it would still look cheap to me.
Kongolasse
Well put in your post 18.15., esp "our path just changed from a walk on the beach to a walk through the jungle.".
A pithy way of expressing my feelings which prompted my earlier post.
JWB, with respect, that's nonsense.
Simple projection of current/past cashflow, + THX's history of meeting forecasts, make that simple and reliable.
Jurisdiction didn't worry buyers when the price was 20p, and it wont at 12p. Mine life will be addressed, it's all there in the initial plan if you read it, and net cash at EoL makes any finance, if it were to be needed, easy.
Directors mb well paid, but that doesn't mean they have loadsa cash to spare to buy shares.
I welcome criticism, but imv yours is misplaced.
Nor, I should add, isn't by any means certain that QE is to blame. Thebkastv3 years havecseen severe supply chain disruption from a global pandemic, followed by a spike in energy/ commodity prices caused by arguably the most serious conflict since WW2.
Not that any of this has any relevance to EEE.
I suggest you call park your political bias and look at historical inflation data, which shows little difference between parties.
There is absolutely no reason to expect higher inflation under whatever flavour of our next govt.
Really nothing new there, as far as I can see.
A rather noncommittal, slightly sceptical, review from IC.
https://www.investorschronicle.co.uk/news/2024/02/14/can-this-leftfield-miner-break-the-industry-hoodoo/?xnpe_tifc=xIndhkxpx.Ls4DbJ4Ixj4MpsafeWaeiWhFWDEkUdhfJLau81qfJLRfXcbdiArFBLxIVlhFVl4FP.bDblxDbT&utm_source=exponea&utm_campaign=IC%20-%20Investment%20Daily%20-%20Newsletter%20-%2015.02.24&utm_medium=email