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Markets.....everything's has been fooked for the past 18 months.
Will get better WITHOUT A DOUBT once we get a rate cut by the FED.
Load the fricken boat till then....
God send at these prices. A copper junior with the best JV ever negotiated, cashed up, big copper mines around our license areas, massive supply/demand crunch inbound for one of the most critical metals known to man.
Nothing flys quicker than a copper stock (except gold stocks) when good assays come in.
Looking forward to the multiple rigs mobilised rns in a couple of months. Fully comfortable about what's going to unfold here...
The only good thing today, is I'm not 10s of K underwater but approaching daylight robbery prices when I want to top up.
Where you pulling $5mil from Sunshine.....
There ain't no ramping on this board! If anything we deramp to keep prices suppressed so I can keep adding at filthy cheap prices. How filthy cheap? Think food stall on a side street Thailand cheap
back to daylight robbery prices of 5p.
my sipp money arrives end of the week. super ****ed i can't take advantage of sub 4p.
"At 5p before you know it"
We'll be back at 5p before you know it. 2024 is going to be an excellent year for BRES and my love life.
Got 5 fat ones coming into my sipp middle of the month with BRES name on it. Hoping its still languishing at these levels.
This rna means nothing, even if they released the npv $10bn, it means nothing if its not permitted projected.
Eml is in limbo and a right now on a knifes edge.
Https://twitter.com/WrightmanAIM/status/1752683963359883591?t=uFup_-WGykZGiCD4kZ2HSA&s=19
NOT ring fenced and can be spent on non dfs costs.
End of discussion. Thank you for the filthy cheap top ups Mr 250k seller
Can't believe I was able to buy at the same price I bought several months ago today.
Only £900 worth, but every share counts.
"Morning all, just a quick message on these BRES accounts which seem to have caused some unwarranted panic in the market.
Firstly, the period they report on is until September End 2023 so as such, the accounts are retrospective.
At the end of that period, yes, the cash balance was low however again, note that that was the snapshot at the end of September when the company was expecting the DFC payment anyday.
SINCE this period the DFC have made the first two payment instalments totalling $2M, the second of which was only a week ago prior to the LOI for a more complete project financing (subject to conditions as listed within the RNS).
BRES also stated that “The Company is well on its way to completing the milestones as required for disbursement of the third DFC tranche of grant funds, which will deliver another US$1 million for additional DFS work.”
Whilst the accounts are always a few months old, it is sometimes taken for granted that the market might be able to clearly appreciate that these are retrospective and also have followed further newsflow on funding events such as the DFC Payments (two of $1m).
Unfortunately I didn’t get to see a final copy prior to release but have fed into the whole team that in cases like this that the market will need to be spoon fed for example will post period end notes as some companies do.
I hope that this provides some clarity and reassurance that company cash levels are far healthier than accounts for the end of the company financial year (end of September indicate).
Happy to answer any further questions but wanted to provide some clarity on this issue."
Personally, I liked the honesty of the annual report. Clearly laid out all good and bad. I don't Mike going to the market, he has said so countless times. The project is exceptional and has U.S Gov backing.
At worst some type of institutional investment can be found or if we're really desperate, we know we have Chinese offtakes lined up and I'm sure a deal could be closed quickly with one of those parasites.
Paulie, that could be said re various mining stocks with excellent fundamentals. There is so many around, and BRES is at the top. Big anything, is big for reason, they manage risk exceptionally well and rather risk averse to an extent, hence why they're big. At present there is massive risks ahead of still being a junior minor. Its the reason mining majors go spend billions on acquisitions when they could spend peanuts buying risky juniors with excellent fundamentals prospects.
Chinese have a strong track record buying eariy but this is to early for most of them. I had 4 lithium stocks bought out for nowhere near full value by the Chinese. Bacanora being one of them, was bought out very early at construction. There after the lithium price when Boom.
Chinese love everything cheap, filthy cheap. I don't wish them on us under any circumstances.
Still 3-4 weeks away at least till pouring.
All about the offtake at present.....
The at the bell seller clearly didn't read the RNS.
When I read an an RNS, I usually can critique and say it could of been written better but BRES rns always read exceptionally well.
Why the extremely low MKT cap? The extremely risk averse markets, our complicated commodity which few have heard of, even fewer know what it's for (apart from pencils) and no two graphite are the same.
Do not fear though, this will rerate at its own time, till then, I'm loving the suppressed prices.
Late Q1, early Q2 for offtake.
Down 1% pre market
The war won't get FXPO but legal issues
Definitely no boom, its an LOI but very positive overall