Blencowe Resources Plc (GB:BRES)
LSE:BRES
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Blencowe Resources Plc
(LSE:BRES)
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Rating:43Neutral
Price Target:
9.00 p
▲(9.09% Upside)
Action:Reiterated
Date:03/20/26
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and negative operating/free cash flow that worsened in 2025). Technicals also lean bearish/weak with the share price below key short-term averages and subdued momentum indicators. Valuation is difficult to support using earnings due to the negative P/E, offering limited offset.
Positive Factors
Low leverage / solvency
A low debt load relative to equity gives the company longer solvency runway and reduces short-term refinancing risk. For a pre-revenue developer, this balance-sheet strength supports ongoing exploration, permitting and study work without immediate default risk, preserving strategic optionality.
Negative Factors
Pre-revenue profile
Being pre-revenue means the company has yet to demonstrate commercial product economics or operating leverage. Long lead times to production and binary exploration/permit outcomes make intrinsic value highly dependent on technical success rather than recurring cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / solvency
A low debt load relative to equity gives the company longer solvency runway and reduces short-term refinancing risk. For a pre-revenue developer, this balance-sheet strength supports ongoing exploration, permitting and study work without immediate default risk, preserving strategic optionality.
Read all positive factors
Blencowe Resources Plc (BRES) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£38.16M
Dividend YieldN/A
Average Volume (3M)4.72M
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue GrowthN/A
EPS Growth-327.78%
CountryUK
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding492,420,840
10 Day Avg. Volume5,382,908
30 Day Avg. Volume4,722,628
Financial Highlights & Ratios
PEG Ratio-0.55
Price to Book (P/B)1.69
Price to Sales (P/S)0.00
P/FCF Ratio-9.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Blencowe Resources Plc Business Overview & Revenue Model
Company Description
Blencowe Resources Plc focuses on the identification, advancement, and prospecting of mineral deposits. A significant holding in its portfolio is the Orom-Cross Graphite project, which the company fully owns. This extensive site spans approximatel...
How the Company Makes Money
Blencowe Resources Plc is an exploration and development-stage mining company; public, reliable information indicating that it currently generates recurring operating revenue from commercial production is null. Its economic model is typically to c...
Blencowe Resources Plc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.49M | -1.54M | -916.66K | -1.35M | -686.00K | -649.00K |
| Net Income | -2.44M | -1.58M | -962.00K | -1.40M | -1.08M | -695.00K |
Balance Sheet | ||||||
| Total Assets | 15.79M | 11.74M | 7.74M | 7.77M | 7.05M | 5.44M |
| Cash, Cash Equivalents and Short-Term Investments | 2.13M | 868.28K | 114.69K | 129.85K | 346.99K | 93.29K |
| Total Debt | 936.15K | 1.00M | 929.14K | 818.91K | 823.85K | 887.56K |
| Total Liabilities | 1.34M | 1.50M | 1.95M | 1.90M | 1.15M | 1.17M |
| Stockholders Equity | 14.45M | 10.24M | 5.79M | 5.87M | 5.90M | 4.27M |
Cash Flow | ||||||
| Free Cash Flow | -2.74M | -1.85M | -3.59M | -1.53M | -2.19M | -1.45M |
| Operating Cash Flow | -2.74M | -1.85M | -741.11K | -817.11K | -767.22K | -476.10K |
| Investing Cash Flow | -1.34M | -1.41M | -59.04K | -713.85K | -1.42M | -976.08K |
| Financing Cash Flow | 6.21M | 4.02M | 784.99K | 1.31M | 2.44M | 1.34M |
Blencowe Resources Plc Technical Analysis
Negative
8.25
Price Trends
8.16
Negative
8.51
Negative
7.68
Positive
Market Momentum
-0.13
Positive
44.28
Neutral
36.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BRES, the sentiment is Negative. The current price of 8.25 is above the 20-day moving average (MA) of 8.10, above the 50-day MA of 8.16, and above the 200-day MA of 7.68, indicating a neutral trend. The MACD of -0.13 indicates Positive momentum. The RSI at 44.28 is Neutral, neither overbought nor oversold. The STOCH value of 36.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BRES.
Blencowe Resources Plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | £14.96M | 4.32 | ― | ― | ― | ― | |
50 Neutral | £82.66M | -9.06 | -76.15% | ― | ― | ― | |
48 Neutral | £47.46M | -0.08 | 0.25% | ― | ― | 44.90% | |
43 Neutral | £38.16M | -10.51 | -19.76% | ― | ― | -327.78% | |
43 Neutral | £19.25M | -3.66 | -43.43% | ― | ― | 76.95% |
* Basic Materials Sector Average
GB:BRES
Blencowe Resources Plc
7.75
4.50
138.46%
GB:POW
Power Metal Resources Plc
13.25
0.50
3.92%
GB:ZNWD
Zinnwald Lithium Plc
8.75
3.60
69.90%
GB:CRTM
Critical Metals Plc
10.75
2.00
22.86%
GB:BHL
Bradda Head Lithium Limited
2.85
1.85
185.00%
GB:CTL
CleanTech Lithium PLC
6.25
-1.25
-16.67%
Blencowe Resources Plc Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Blencowe lifts Orom-Cross NPV as downstream graphite strategy gains traction
Positive
May 29, 2026
Blencowe Resources has updated the commercial model underpinning its Definitive Feasibility Study for the Orom-Cross graphite project, lifting the NPV10 by 15% to US$1.254 billion while keeping total capex for its two-phase development at US$170 m...
Business Operations and Strategy
Blencowe Adds Cavendish as Joint Broker to Boost Institutional Reach
Positive
May 28, 2026
Blencowe Resources has appointed Cavendish Capital Markets as a joint broker to bolster sector-specific research coverage and deepen engagement with institutional investors as its Orom-Cross graphite project moves toward first production. The move...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Blencowe boosts Orom-Cross graphite resources as it moves toward 2027 first production
Positive
May 26, 2026
Blencowe Resources reported interim results for the six months to 31 March 2026, highlighting completion of the Definitive Feasibility Study for its Orom-Cross graphite project, which returned a US$1.087 billion NPV and a 96% IRR on a comparativel...
Business Operations and Strategy
Blencowe lifts Orom-Cross graphite resources with maiden Beehive estimate
Positive
May 18, 2026
Blencowe Resources has reported a maiden JORC 2012 mineral resource estimate for the Beehive deposit at its 100%-owned Orom-Cross graphite project in Uganda, adding 21.3Mt at 6.58% total graphitic carbon and lifting total project resources to 64.3...
Business Operations and Strategy
Blencowe graphite passes hypersonic rocket tests, opening high-value aerospace niches
Positive
May 7, 2026
Blencowe Resources has reported that graphite concentrate from its Orom-Cross project in Uganda has successfully undergone initial rocket component testing in California, where it was incorporated into propulsion nozzles to partially replace synth...
Business Operations and Strategy
Blencowe Finalises Beehive Assays Ahead of Maiden JORC Resource at Orom-Cross
Positive
Apr 30, 2026
Blencowe Resources has reported final assay results from 40 shallow drill holes at the Beehive deposit within its Orom-Cross Graphite Project, confirming thick, near-surface graphite mineralisation with grades broadly aligned to definitive feasibi...
Business Operations and Strategy
Blencowe Extends High-Grade Beehive Graphite Discovery at Orom-Cross
Positive
Apr 16, 2026
Blencowe Resources has reported further strong assay results from 36 shallow drill holes at its new Beehive graphite deposit, part of the Orom-Cross project in Uganda. The latest batch confirms thick, near-surface mineralisation with multiple 30 m...
Business Operations and Strategy
Blencowe’s Beehive drilling boosts Orom-Cross graphite growth prospects
Positive
Mar 17, 2026
Blencowe Resources has reported strong initial assay results from shallow drilling at the Beehive deposit, part of its Orom-Cross graphite project in Uganda, with multiple near-surface intercepts of over 30 metres and grades up to 10.78% total gra...
Private Placements and FinancingRegulatory Filings and Compliance
Blencowe Chairman Exercises Options as Share Capital Rises to 485.3 Million
Positive
Mar 13, 2026
Blencowe Resources said Executive Chairman Cameron Pearce has exercised 500,000 share options at an exercise price of 6p, generating proceeds of about £30,000 for the company and increasing his total holding to 16,516,667 ordinary shares. The...
Business Operations and Strategy
Blencowe lifts Orom-Cross graphite resources 66% with maiden Iyan estimate
Positive
Mar 6, 2026
Blencowe Resources has announced a maiden JORC 2012 mineral resource estimate for the newly discovered Iyan deposit at its Orom-Cross Graphite Project in Uganda, outlining 16.9 million tonnes at 6.0% total graphitic carbon in the Inferred category...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.