reports
- Varun Sikka
Important battery R&D progress
Important battery R&D progress LATEST Blackstone Resources reported some milestones in its high-potential battery division. These were promising developments – especially given the global economy’s unwavered focus on a clean environment. While competition in the battery space is intensifying and material operating cash flows at Blackstone are yet to materialise, the group has so far done well – especially from a financing perspective, and the recent progress should help ease realisation ...
- Varun Sikka
Important battery R&D progress (Blackstone Resources)
Important battery R&D progress OPINION CHANGE CHANGE IN OPINIONBuy vs Reduce CHANGE IN TARGET PRICECHF 5.58 vs 3.23 +72.8% Even the relative valuation metrics benefited via addition of CATL (Chinese battery pioneer) as a peer. CHANGE IN NAVCHF 11.8 vs 7.49 +57.4% Taking on board the R&D breakthrough in Battery, the division's EV/sales valuation multiple has been increased to 3x (vs. 1.5x earlier). Given that the full-potential across Blackstone’s respective divisions is still a couple of ...
- Varun Sikka
Taking on-board the Norwegian disposal and near-term market headwinds ...
Taking on-board the Norwegian disposal and near-term market headwinds EPS CHANGE CHANGE IN EPS2020 : CHF 0.56 vs 0.05 +934% 2021 : CHF 0.50 vs 0.63 -19.9% While prevalent macro headwinds result in the normalisation of our earnings estimates, 2020 should nevertheless benefit via the (non-cash) gain (CHF22m) on the disposal of the Norwegian rare earth metal asset.
- Varun Sikka
Better-than-expected results
Better-than-expected results EARNINGS/SALES RELEASES 2019 ended on a good note for Blackstone Resources, with FY net attributable income of CHF5.31m vs. CHF22.6m loss in 2018. While the group’s respective (growth) projects remain work-in-progress, the on-going COVID-19 uncertainties are a pertinent concern. However, Blackstone’s positioning, targeting near-term cash flows from gold refining and battery R&D still in early stages – thereby benefiting from lower input costs, could render so...
- Varun Sikka
An intriguing battery (materials) play, although execution is the key
An intriguing battery (materials) play, although execution is the key INITIATION COV. Blackstone Resources should soon start benefiting, in cash-flow terms, from the operational start of its mining, smelting and trading assets. While the group, in 2019, made an interesting bet in (EV) battery research and manufacturing, with the intention of leveraging its mining exposure to key battery materials, successful execution of business plans (which are in varying stages of implementation) remains th...
Blackstone Resources AG to Invest €200 Million in Germany
BAAR, Switzerland--(BUSINESS WIRE)-- Blackstone Resources AG (SWX: BLS; STU: 4BR, FRA: 4BR, BEB: 4BR) (“Blackstone”) is pleased to announce the creation of Blackstone Research GmbH in the city of Erfurt in Germany. This newly created firm will be wholly-owned by Blackstone. It will provide an important platform for the company to carry out further research and allow Blackstone to establish a substantial battery-production project in Germany. The aim is to manufacture the next generation of electric-vehicle batteries, close to...
Blackstone Resources Wins Best Long-Term Value Creation IPO
BAAR, Switzerland--(BUSINESS WIRE)-- Blackstone Resources AG (SWX: BLS; STU: 4BR, FRA: 4BR, BEB: 4BR) (“Blackstone”) has been awarded Most Promising Long-Term Value Creation IPO, Switzerland 2018 by Capital Finance International (“CFI.co”). Blackstone received the reward in recognition of its dedication to opening new markets through it research and development programme. The company’s long-term strategy is to invest in companies that seek to develop and extract battery metals ethically and from politically secure countries. ...
Blackstone Resources Makes BBC Codes Open-Source
BAAR, Switzerland--(BUSINESS WIRE)-- Blackstone Resources AG (SWX: BLS; STU: 4BR, FRA: 4BR, BEB: 4BR) (“Blackstone”) is pleased to announce that it will make its Blackstone Resources Battery Codes (“BBC”) available to the global community by making the coding system open-source. The company has written a working paper on the system titled “” which is freely available at blackstoneresources.ch. Blackstone Resources has a vision that one day all cars will run on electricity and that renewable energy will become sustainable and ...
Blackstone Resources: The Management Buys its BLS Shares
BAAR, Switzerland--(BUSINESS WIRE)-- Blackstone Resources AG (SWX: BLS; STU: 4BR, FRA: 4BR, BEB: 4BR) (“Blackstone”) has frequently disclosed to the SIX Swiss Exchange that the President and CEO U. Ernst has purchased 53,624 shares at an average price of CHF 7.52 in Blackstone Resources since July 2018. Mr Ernst is a significant shareholder in the company. “I strongly believe in the mission we have here at Blackstone Resources. That’s why I continue to invest my own savings as I believe the share price is undervalued. I am co...
Blackstone Resources: Gold Interests Commence Production in Peru
BAAR, Switzerland--(BUSINESS WIRE)-- Blackstone Resources AG (SWX: BLS; STU: 4BR, FRA: 4BR, BEB: 4BR) (“Blackstone”) is pleased to announce that its gold interests in Peru have entered test production. This facility is located 230 kilometres north of Peru’s capital city Lima and the ore is purchased from 400 licensed miners that are all located within 100 kilometres of the facility. After engaging a specialised local engineering company, detailed plans have been drawn up to target a final output of 349 tonnes per day. This ...
Blackstone Resources AG Commences Drilling in Mongolia
BAAR, Switzerland--(BUSINESS WIRE)-- Blackstone Resources AG (SWX: BLS; STU: 4BR, FRA: 4BR, BEB: 4BR) is pleased to announce that it has commenced its exploration drilling programme in Mongolia. Up to 2,000 metres will be drilled along the strike extent of where historic data and studies indicate significant resources of molybdenum, copper and gold. It is being carried out across three sites in an area where we hold exploration licenses: Shar Tolgoi, Ar Nuur and Suvanga. Extensive field work, desk-top studies, geological mapp...
Blackstone Resources AG lance des recherches sur les nouvelles technol...
BAAR, Suisse--(BUSINESS WIRE)-- Blackstone Resources AG (SWX: BLS; STU: 4BR, FRA: 4BR, BEB: 4BR) Blackstone Resources AG ("BLS") a décidé de lancer un programme de R&D sur les nouvelles technologies de batterie. L'objectif est de mettre au point des batteries plates de petite taille pour le marché des téléphones et des ordinateurs portables. Cette technologie pourrait également avoir d'autres applications potentielles pour le marché des batteries dans son ensemble. Une grande variété de métaux technol...
Blackstone Resources AG: Research Started on New Battery Technology
BAAR, Switzerland--(BUSINESS WIRE)-- Blackstone Resources AG(SWX: BLS; STU: 4BR, FRA: 4BR, BEB: 4BR) Blackstone Resources AG (“BLS”) has decided to start a research and development programme on new battery technology. The objective is to develop small and flat batteries for the mobile phone and laptop market. This technology would also have further potential applications across the broader battery market. A whole variety of tech metals will be tested. Any technological improvements in battery technology during the li...
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