Member Info for Tornadotony

Aldebran

I presume you will be putting in questions on 27th Feb. Did the company say that their target prices were based on making 50 units? If not it is a good question to ask them.

I can see remote operating mining companies liking this kind of technology. Diesel can sometimes get pilfered. Although 1M per cracker is quite a pay back to overcome and a lot of the incentive is linked to total energy demand. I wonder if any comparison was made with solar although the issue with that comparison is relying on battery back up power at night or just operating in peak daylight when the operation has night shifts.

After re-reading some earlier RNS, I can see what you mean regarding the production road ahead.

Tony

Needs to close above 8.1p for 3 sessions up to Monday close to confirm new price range in play. Can see previous recent attempts lasted two days on both occasions in charts.

All it takes is the first 4 to 5 to be bought and the company can demonstrate that it is profitable to make them and they can repay bank loans to produce another batch and make more money. Expressions of interest on future orders and details on their application areas is probably strong enough to get such support.

A littlebitmore

A big thanks from me to go to the trouble of delivering your commentary to us readers. I knew the RNS yesterday was brilliant. Much appreciated by new investors in getting us up to speed. I could see this being used in areas like Ukraine on a rebuild, Greenland, National Grid in areas where it does not lead to a Heathrow like fire. Amundi if they see the RNS may want to include it in one of their ETFs as they support new bio cells and energy sources that are recyclable. This company has a real chance of going somewhere now they have built their kit to show and tell. Tony

They did so in the past and were repaid and one of them could spend money on a space journey last month. Surely they have the resources to do another loan with interest pay backs to get this all across the line. It would be a massive boost of confidence at this time.

Legalwolf

I added further after the initial buy and have quite a reasonable stake here.

The risk assessment was well written and is taken very seriously by the project team and depicts what they have control of and awareness of what is not in their hands but some areas elsewhere in the report they show mitigations, allowances in case such events happen. I would have been alarmed if I did not and could not find such analysis.

The second key point on skills is about people and that is a big issue for those responsible for muti-million finance funds. Part of what I learned from another contributor is they are using best in class other company consultant partners. For many areas that is okay, but they will need more personnel in particular areas that they know, but may also need to be aware of skills pointed out by funders which they can be addressed and they should be on the front foot by asking can they see any gaps the funders want filling in. Horizonte Minerals failed two years ago in their nickel mine building project because of huge weakness in the geotechnical team which they did not recruit to save money as the CEO was thought to have all the expertise needed, but of course is massively overloaded. As a result water could not be contained in the newly built reservoir along with several other fundamental mistakes that led to a 50% overrun in the budget and bankrupt the company. They also failed in how deployment of electricians near different trades needed to be managed.

Hopefully others here will also encourage the company to build a strong delivery team.

I will also do my best not to be repetitive in support of general readership.

All the best

Tony

Took a position in the last hour on what looks like an interesting RNS. Will see how this one goes over the coming weeks. Having a mix of generators not just diesel could be helpful where a back up of different source is needed. The overall market size is growing and this company just might get a slice of that opportunity. Surprised some organisation is wasting their time shorting this stock.

Trump has asked for his piece of ice called Greenland umpteen times in his Davos speech and it is full of self congratulations with his usual charm, and no I am not related to him, but lived in USA as a kid (hence tornado). I do care about the wider readership and was reflecting how they see repetition. Nice to see some humour coming on to the board and no I could never be that nasty to children.

Sometimes when I read boards like this I feel like a driver with kids in the back saying are we there yet. After the umpteenth time you want to stop the car and throw them in a ditch. For many investors, they look a lot further than a week. Also many will have a fixed percentage of their portfolio in particular stock. For those diversified it is probably 2-4%. No amount of ramping is going to make those type of investors change their own disciplined approach to investing. The share price in the meantime will do whatever it is likely to do. We shall soon see what Trump effect is likely to be if any.

Fear in the markets. USD down, Gold higher. Trump talks later with risk of escalation with all of Europe. Yen bond market struggling as Japanese election gets underway. Good time to sit on hands.

Thanks fortuna

Any source handing over £160M will ask about skills to deliver the project. Can the company recruit to actually deliver the plan. Will expertise reside in Uganda to deliver purified graphite product not just concentrate and will others be on the ground supervising with past experience for projects like this. Other companies have failed spectacularly trying to operate project management on construction in a central London office and it is painful for investors when this happens. The company have done exceedingly well to get to this stage. The alternative is whether this looks like a project to sell to another organisation that has the skill sets and the Board has skills to do that. The DFC and other funders might also know people who need to be on board. I hope someone in the company has been working hard on this aspect and a lot of people here who have been invested a lot longer can put me right on the issue. All the best Tony

Although they may be exceptions, the maximum limit is 50% of total costs for DFC funding. The project must also meet sound equity to leverage ratios. All of this should hopefully be explained in the 29th of January annual report. The company may also need to raise aspects of any future equity raises at an AGM for a vote and what proportion of the project is likely to be in the form of debt. I am not sure if they are moving away from warrants, but a recent RNS suggests that it might be the case. Where funders have provided funds via purchasing raised equity shares may require AGM votes as it has implications on dilution of ownership. These situations become important in the event of any cost overrun. I have not yet reviewed previous AGM motions on what the Board can and can not do as I could not see any. AGMs usually follow annual reports.

Page 9 onwards.

Https://blencoweresourcesplc.com/wp-content/uploads/2025/01/Blencowe-FS-30.09.2024-Final-signed.pdf

This is likely to be updated in a couple of weeks time with the 2025 annual report. Important for new investors to do their own research by reading such documents as they emerge then any reliance on LSE contributors for financial advice.

I would encourage some degree of caution. The company has to persuade others to deliver $40M. The broker maths of averaging 14 companies NPV taking a spread over 3000% is not a good mathematical approach. Although other methods may well derive similar or different figures for an SP value it is important for investors to do there own maths on where they see value. Really important to keep an eye on competitors, some have obtained funds in the past 6 months such as Ecograf that has a 3 fold production output over Blencowe. It is also important to have an eye on graphite market prices as to where they may go. Overall there are risks and important not to get to carried away on how things can play out.

Annual report on accounts that have a year end close 30 September, 2025 arrive end of this month. It should be an informative document.

Also a bit of pump in the mornings and dump in the afternoon. Not every day, but it is visible on a 15 minute chart say over the last week or so.

SP

It is sometimes tiresome SP dealing with a grade D research material that gets posted on here. Some posts deserve the response of coming from an Indonesia sweat shop getting their pay checks from a Shanghai army base. Of course your counter research responses are far more evidenced base. Tony

8.1p is a breakout point.