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Could someone please confirm my understanding that it wasn't possible to buy below 5p this week? Thanks.
That’s correct spank although it did get close to 5p. I’m continuing to add at this level which nowhere near reflects the story so far or the story pending. The Bid actually jumped up to 5.29 just before the market close and went NT for any quantity over 100,000 shares. Hopefully news afoot early next week
I bought a few more Fri afternoon and really tried to time it right Think paid 5.04 ish for first, lot similar for second. So no luck getting under 5
Will be buying some more tomorrow and possibly again at the end of the week. Wonder what my chances of getting in sub 5p will be
Of course the 'exciting offtake phase' might take considerable time to get through - those agreements are very involved processes - but yeah great...
"Once completed we think we will be able to get qualified & be able to bring forward all the offtake partners".....I wonder how many potential offtake partners there are?.....I like the use of the word 'all'.
Spank
I’m hoping for several off take deals
Hopefully there will be decent deals too.
There's another tweet but it's just another snippet from the FocusIR interview the other week, I don't know why they do this, it looks a bit desperate to me.
Spank - lots of companies do this, releasing snippets over time reaches audiences who are unlikely to commit the time to watching the entire interview. The comms including Twitter account are managed by a third party who has the interview footage and cuts it up into bite size chunks. Keeping regular engagement on social media helps keep it high profile among investors who have money to pile in at various times, not just when the interview is released.
Agree with pwlx. The company I work for does this and we are encouraged by our marketing team and external PR company to do this. I would argue that it’s good marketing content that gives the company ongoing marketing material to encourage ongoing online engagement.
I agree it’s frustrating that we aren’t seeing more from the company in terms of news flow although this can be the hardest time to hold. Clearly there is a lot going on with BRES and we just need to be patient and wait for this to materialise into RNS. The biggest gains are made not through trading, but through holding.
Thanks, I think I'm spending too much time willing the value to be realised, need to have more patience, turn off from it and just let it play out.
Spank
Your right to chill out with this share
I’ve been here from the start fella and payed nearer 8p and averaged down over the years.
Soon the News will flow and hopefully when it starts it will keeps coming, we’ve a lot of News flow Coming very soon and cannot wait to see this gain traction.
I’m hoping September to see prices nearer .09p-.12p👍
I think the difficulty here is that Bres is some 18 months to 2 years away from actual production, based on MR's recent interviews. Even then, initially production will only be a small plant and so sort of like a testing phase. The DFS is also delayed until Q1 of 2025, which means binding offtake and binding finance won't land until middle of 2025. So timescales have moved back to what we thought they might be. Therefore, it's hard to see a re-rate here just right now, and I suspect it will have to wait about a year, by which time the DFS will have landed and Bres will be closer to binding offtake and financing. Of course, anything could happen before then with US imposing tariffs on China and looking to decrease its dependency on China. All imo and dyor
Couldn’t disagree more, markets are forward looking and the share price won’t stay here until the milestones you’ve stated. At £12M the market cap contains virtually none of the newsflow to date, we should be at multiples of the current share price but that’s down to AIM bear market which thankfully looks to be ending. I expect a significant share price re-rate throughout 2024
This is what makes it all so interesting, differing views and opinions, I'm loaded up and unlikely to add much more now so will obviously champion Malvern's prediction!
*Mavern's (apologies) was thinking of the Worcestershire town not far from me.
Watch Mikes interview again,
He says the testing is being done as we speak, the Chinese like what they see so far and he’s expecting things to happen quickly once finished.
If he gets an offtake or two then the market will re rate the stock for sure .
Then what do the Yanks do ?
Mike made clear that offtake and plant financing can only come AFTER the DFS is completed in Q1 of 2025. He suggested within 6 months of the DFS. What we are likely to get beforehand are non binding MOU. This could change of course but these are Mike’s most recent words.
I think we will get a rerate in the next 6 weeks once we get results of bulk samples. Everything will be clear then
Correct Zapsnap, and as I previously mentioned that bulk sample is almost certain to be of very high-quality based on the previous sample test results taken in the US and in Wuhan, China
There are a number of short term factors that will cause a re rate:
1. Off take agreements - yes not binding until DFS is completed (as we all knew) but it can hugely de risk the project - and by the way they can potential forward sell to secure finance. To suggest that this will not impact the share price is missing the point in my view. If they were to land say POSCO, then not only does it validate the product, but it secures an indicated route to commercialisation and opens up possible financing. This is as close as two weeks away from the first non binding agreement.
I tell you what legal, at the BRES £1 share price party (which we absolutely should celebrate if it ever gets there), If we get an a non bonding off take agreement with POSCO and we don’t bag that day, I will buy your drinks all night. Vice versa too.
2. SPG - a game changer make no doubt. The PFS showed $492 NPV life of mine. This will be smashed with a downstream SPG facility (and I mean well and truly smashed) - news on this likely in short term.
3. Additional drilling - this is likely to increase life of mine, increase NPV and potentially expose other high quality results (outside Camp Lode). The DFC are encouraging this and will likely provide financing on this. Let’s face it, it they want US to have this resource otherwise they wouldn’t be involved. So it’s logical that they will look to encourage BREs to increase it
4. Graphite shortage - slipping into a supply deficit, will impact graphite prices
5. Funding - if they can outline how they will fund the mine, this will re rate the share price. The market is still worried about dilution. Wrongly so in this case because MR has said he will only raise through small and well timed placing a, not to retail as we are seeing with many AIM and small main listed firms at the moment
6. There are lots of other factors that can cause a re rate including further testing of results, completion of DFS, further financing agreed with the other DFC dept, securing, further strategic investment, updated broker notes, market cottons onto how under rated we are.
And by the way, MR didn’t say it was Q1 2025 for DFS completion for definite. What he said was Q4 2024 but there are some items that are out of his control that “may” slip into Q1 2025.
We have to remember that BRES doesn’t have a £100m market cap. We sit just over £10m, although Mike did say that at the point the DFS is completed (say eight months ish), he expects this to be worth £50-100m. That’s a x4 to x7bagger from here if it goes as MR suggests. So I’m not categorically saying you are wrong Legal, I just have a materially different outlook.
Some good points there Paulie. Let's see what happens. I'm certainly not ruling out a re-rate before the DFS, but not expecting it until afterwards. Bres has always been a bit of a slow burner but we can be agreed that it's time will surely come. GLA
Pauliewonder
With reference to your informative list of "short term factors", I note below some data from studies produced for Greenroc:
PEA for the mine reported an after-tax NPV8 of US$179M with IRR of 26.7%.
The feasibility study for an anode plant reported an after-tax NPV8 of US$545M with IRR of 25.3%.
This demonstrates the potential for a multiple of 3x for downstream processing.