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Everything is starting to align for bres, excellent article from Korea
https://www.koreaherald.com/view.php?ud=20240512050145
Funny I think of 6p as paying up, only because we're not used to see that number. but the mcap is still very insignificant when you consider what they're about to deliver by Q1 2025
Hopefully this is different, but we do need to see it consolidating in the 6s first, something it hasn't done before. Assuming it does, then another poster has already mentioned it, but what is different is Bres seemingly and assuredly moving through the "orphan period" of the Lassonde Curve towards the "strategic investment" (which is the second sweet spot on the curve). Everything is being put into place, and there is high confidence and trust in the management to achieve all the steps required to get through this phase. So maybe Mr Market thinks now is the time for the share price to start to match the progress being made - but like I said, need to see it consolidating above 6p.
No change it's basically been the trading pattern for the past couple years just look at the charts. I like this one because no large discounted equity placings needed so a safer bet than most pre-production miners. Important to note that many offtakes are on condition of debt funding in place first. Once debt funding is sorted it's off to the races. Low capex too which draws me in.
Lots of good information on X.
Number of possibilities. Market correction possibly one of the reasons
Howdy all!
been following this stock and company since around this time last year, so have had a nice long run in the doldrums, and have enjoyed seeing Mike performing with great competence and integrity throughout.
A question that has been on my mind during the gradual rise over the past month - why now (and not earlier)? Deadlines continue to be met (aside from the prospectus), progress continues to be made, conversations continue to advance, so why the sustained rise now?
Not that I'm complaining, just looking to get a better sense of what's behind this. My main theory would be because we're getting close to more significant milestones? rather than interim ones up until this point? keen to hear your thoughts.
gla
1-4 months for offtakes as stated by Mike yesterday
Offtake news next week lets see :)
Completely agree Legal. There is no way BRES will be still here when we get to production. Will be bought out well before then. All we need is an off take agreement and then huge re rate.
Loving Mike’s interview with Sponge on Twitter.
Respect to Mike; fantastic CEO
If you missed it:
https://twitter.com/i/spaces/1rmxPMQepLZKN
Thanks for the correction appreciated. Good luck.
Stringer01, perhaps a little academic but we're main market listed, not AIM, sorry for being pedantic.
Yikes, 36 Bres posts by lunchtime. Is that a world record?
Good to see a whole host of new names. GLA.
If the is the start of the speculation phase described by the Lassonde curve then a 6x - 10x could happen in short order. I’ve experienced this in practice with many mineral stocks. Have not quite profited from it as much as I should have.
Kerrching 30% up.
It's a good analysis but all speculation. I would've agreed ten years ago it wasn't uncommon to see 1000% spikes on AIM now however that's not the case. The only big catalyst I can see is if/when they get project finance over the line. That will follow DFS hopefully not long after. That will give a clear runway to production and from the DFS a clear idea of value. It's a massive resource with excellent grades so the re-rate if/when it happens will be enormous.
We won’t need to wait until production. The re-rate will start once we start to de-risk it, with news such as offtake and financing. That newsflow will likely start in H2 of 2024. The market will move in anticipation of it and not after it.
Once people see the re-rate commence, it will fuel itself to an extent regardless of externals. For example if this rises to 8p, many people will start to jump in now based on FOMO and anticipation of the future gains to come when the production securing announcements start to come through. All imo
It will re-rate but not anytime soon more patience needed here. As Mike inferred in the interview 2025-2026 production target. Still a very long waty to go here.
There’s a lot of money waiting on the sidelines for Bres to start its rerate. That includes existing holders as well. It’s an extremely long base and these tend to be the best from a technical point of view. What will help is stock being tightly held as well. Can’t see too many letting theirs go for cheap gains either.
It certainly was an excellent interview...... articulate, clarity, on point etc
One thing stood out for me was the fact that building an SPG plant appears to have moved from a potential "nice to have" opportunity to effectively business essential . Mike even added the SPG as the 4th project "success" factor along with Op cost, capex and purity.
Perhaps a subtle change but it certainly appears that this will undoubtedly be the approach given the margin enhancement.
Great to see some positivity coming back here. As Mike said yesterday, we are on the cusp. He said 1-4 months for the first off take agreements to be in place. If we can bag a POSCO or one of the biggies, then this will be monumental. We won’t ever see these levels again and double digit sp will be the base. First equity broker note is 73p and we could well get close to that in the next twelve months, that’s a 12+ bagger from these levels. Not many investments will give you that risk reward profile. Happy to keep adding as we move on up and have added three times already this week. Have a great weekend all
Bigger volumes now getting paid at 6p+, other underrated aspect here is our small float which is another by-product of Mike's excellent financial management and means not much is on offer as we move up
I have to say the Sponge interview was one of the best I've heard. Not like the usual ones that are simply trying to go for the soundbite/headline. I really understood Mike's vision, the market, the product and his realistic assessment of the pitfalls and upside.
6.17 paid (albeit tiny volume), thinks looking very healthy here