Blencowe Resources - BRES

I thought they had dropped the nickel mine to concentrate on graphite.

They have dropped the nickel mine for the time being, they are going to build sample area for processing 15,000t for the middle of 2023. If the samples are good enough and clients want more graphite the main mine should be up and running in 2025.

So the possibility of nickel mining later. I only read a little bit about the nickel mining. All going well ( I’m hoping as I do have shares with this company) it sounds like good to hold, these for a while.

The main reason they have the nickel on hold is that to process the nickel mine they will have to dilute the shares. They have that much graphite to mine it is a no brainer just to stick with the graphite.

Tried to buy more shares this morning, and the transaction failed to execute?

Okay now!

So it you that has caused my holding to rise? Up 51% at the moment and they have not started mining.

Wow, graphite is hungry , 100% now…

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Can some one explain why the SP is going
Down so much as of late ?
Thought by looks of things were looking awssssome

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I am only assuming and what I have listened too and read, blencowe resources are awaiting a export license from the Uganda Government to ship a large sample of graphite too china.

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Any new news?

All is quiet at this moment in time.

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Ugandan government has granted blencowe resources a export licence as stated in RNS

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