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Don't know if that large trade was a delayed buy or sell, but there has been some selling, which is to be expected as we are at the top of the trading range. But this does need some buyers to come in at these levels, otherwise it's back into the trading range.
Perhaps there'll be another 'strategic' investment closer to an offtake agreement ...
I was also expecting some selling from those 4p entries or people locked in below their buy in price not wanting to take a hit on exit price but we've not seen it here the only sell today looks to be the 5.77 £12k delayed trade. Looks like we've just ran out of buyers or else we'd have another leg up as not much stock available at all.
There's the problem though there's no buyers about unfortunately to take us out of this trend line
Expect 4p holders may well be taking some profits here - good that new longs are able to enter. I have to say I looked at this last night, the MCAP rather than the SP and decided to take a decent topup chunk today even if I had to pay above 6p, the potential is too great here and momentum will get this noticed if nothing else.
So BRES is one of the few stocks where I've actually averaged-up, even if it drops back I'll use it as another opp to topup - nearly into H2 2024.
Need it to hold though, as previously when it's got to this level, it's fallen back. But there has been talk of the persistent seller being finished? Let's see
Been waiting months for this to happen. Should go on a good run now. ATB
I would expect that these are simply balancing trades and nothing to get excited about. It happens on most stocks at some point.
Small tradesToday
Looking at the series of tiny trades at the start and end of the day, I can't help wondering if someone gave their lottery numbers to their stockbroker by mistake.
The Moliniiscul
Understood PFG.
What's with all these miniscule trades? See them quite often these days and they just have me wondering.
LW, yes I know, but I see DFS as a major derisking value adding event.
PFG - the timescale for production with the small plant is 2026. Q1 of 2025 is the expected completion date for the DFS.
Thanks for posting Lincolnshire. I think BRES will soon start to be mentioned in these types of articles, with agreements in place with tier one offtakers. That will help with getting traction and exposure. We could be as close as four weeks away. Stars are definitely aligning. If ever there was a time to buy it’s now.
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.