Member Info for CleverThoughts

Back to daylight robbery again at 5p+......

Music, unfortunately its 100% expected.

Sp was at 3.7p and they did a raise at 2.5. Expect it to dip even further. The cash will last them around 5 months.

Always expect some sort of shafting when youre jumior/micro cap.

Just, late Q2 24.

Listened again, further notes below.

- All of takers want to see bulk testing.

- Aiming for Tier 1 off taker such as Posco. They think non Chinese tier 1 offtake is critical because they will be very important going forward due to DFC arrangement (full funding). Gearing up to be Posco (korean) certified and positioning to be one of their key suppliers. It seems a non Chinese offtaker is critical for DFC funding. If they get qualified by POSCO, very easy to be qualifed by other offtakers.

- Big money is not made by producers, but down stream processers. BRES can make $600-$700-$800 per tonne producing. Making coated material are making $7000-$8000 per tonne and thats were BRES wants to be.

- Dont have IP or expertise to do downstream processing. Looking to partner with companies that have the skill set.

- Looking to have core business DFS and then bolt on DFS for downstream.

- We have the most environmentally friendly graphite in the world as all power will come from hydro and will look at everything to make us green.

- The lab in IET, Chicago said our graphite is some of the purest they've ever seen.

Link to call.

https://twitter.com/TheMoneySponge/status/1727642519809224914

Monkey, great call. Mike is a very concise speaker.

Not sure who was unloading in big chunks before and during the call, but I topped up a small amount at sub 5p during the call.

My key points below are incomplete, I started taking notes 25 mins in.

- MR was in discussions with DFC for a long time, he was very honest and advised the product will very likely be going to China. DFC rejected funding due to China link. Discussions restarted and Mike further elaborated that there is no other China option at PRESENT but do but advised DFC they have enough resource for 100-300 years and we could supply other markets/countries. DFC came back and agreed to be part of project to assist FULL funding. Mike declined as they were doing DFS, and DFC agreed for grant to assist DFS and increase deliverables.

- "Intention to NEVER go back to retail market again for funding. " they can now get funding from institutions /strategic. He can't elaborate to much as there is much happening.

- DFC has 15 deliverables or so.

- In discussions with POSCO.

- Lots of non binding MOUs, could sign one a week if he wanted to.

- Would like to see Downstream processing happen at same time but likely after production. Work ongoing for downstream processing.

FYI - the 26 listeners on the call, maybe make an effort to ask a question or two instead of sitting there like quiet school kids in the future. Mike answered my questions. Excuse my subdued voice, sitting in an open office with Twitter open on my screen, not a good look a head mafioso.

Re production/takeover - Will certainly get into production and will consider anything if its in shareholder benefit.

Will BoD keep buying shares, exercising warrants - Yes

When does he envisage downstream processing - He'd like to see it same time as production but likely after.

Never liked CuEq or any EQ.

JORC standards clearly state not to use EQ and use % only.

Eileen Bore - 120m @ 0.73 Cu

Call for investors to meet the Commander and Chief of BRES at 11am.

Go X (not xxx) and view @TheMoneySponge on details to join.

Little 16k share top up at 4.95....

Nice find - lots of new news!!! Based on this news, I've changed my target to 3 million. May sub 5p long continue!!!

"According to Kedi, Blencowe Resources Limited, a UK firm licensed for the project will start shipping mining equipment next year.

According to Kedi, the government has already started the process of compensating the project-affected persons in the project site as the operator moves to the third stage of the mine development. At least 289 project-affected persons were identified by the government in the villages of Nagolopak, Lobale, Locomo Central, and Loperu all in Akurumou Parish in Orom East Sub-county, two kilometers from the project site.

Uganda Radio Network understands that the government initiated the first phase of the ten installment phases of compensation to the project-affected persons in 2020 with 700 million Shillings disbursed. The second phase of the compensation totaling about 665 million Shillings is expected before the end of this year, while the third phase will be paid in December 2024."

The board has shown they will dilute to oblivion and even worse for their benefit. They could of raised just above current sp to boost confidence or 10% below VWAP.

Instead they go for the ridiculous 2.5p. Another micro cap BoD shafting investors.

New lows inbound today

Foreseeable future? More like 5 months.

I'll top up at 8p...

Who would of thought 24 months ago AIM would be where it is now. Looking at the AIM100 5/10 year chart, it looks we're at a support level.

https://ibb.co/CHccmmq

Time will tell if I'm going to be a multi millionaire or I'll be on Oxford Street playing the Accordion for a few pennies. Be generous Rick when you walk past.

Short, a few companies are doing very well in Silcon Graphite anode, specifically, Neo and Blue Current. Blue Current is back by the right wing Koch brothers and they are investing significant amount into it.

Re composition - that would be tightly held proprietary secrets good sir. I say we put our pennies together and set up a competing start up.

I'm not fussy folks.....anything under 5p I'll buy.

Just picked up a tranche for £10k and £5k.

Its back up to 5.1p now after my buys.....you're welcome Short

6p is inevitable in the near term. Just need clarity no interest rises any longer, and a little foresight on when cuts expected, and throw in a transformative rns and 6p will be a thing of the past.

FYI - FED minutes released this afternoon.

Rumour has it from my friend Jerome, we'll get clarity on NO more interest hikes by the notorious FED. Things should get interesting!

https://www.ft.com/content/c3fe3491-8fc7-4294-9668-095c547d2dd3