Member Info for Computer909

Well this market is turning out to be unfathomable, who on earth would predict we reach an all time low today,

Absolutely unbelievable, the market is broken,

5 of the top 10 losers today are miners/minerals companies

DFS fully funded, support from multiple sources, $5m grant, outstanding resource with an NPV of nearly $0.5B and a MCAP of just over £8m

Unfortunately the market is broken, Mike’s performance until last week has kept BRES slightly isolated from the shambles, but with last weeks loss of face he’s lost a bit of the gloss so we have to roll with the market punches !

Let’s hope some of the news Mike has promised will arrive soon and stop this slide

“Think there is some spinning of the facts here. Looks to me that any "fully funded" position is reliant on the warrants being exercised,”

Who is spinning the facts now? there is no mention of requiring the warrants to fund the DFS, there is a statement of “Now fully funded to complete DFS in 1H2025.

"Not a lot of shares in issue for an AIM company."

Are you having a laugh, when Dumbo took over in late 2019 there were 3.7B shares issued, since then "Dilution Dave" has issued confetti on what feels like a daily basis and the company was forced to do a 100-1 consolidation and now we sit again at below nominal value and 0.43B shares on issue (with another 250M still pre-approved burning a hole in his pocket)

That is 3.7B to 43B in less than 5 years !

Wouldn't be surprised if Dumbo takes us into that very exclusive club of companies that does two equity consolidations in less than 12 months

Looking a lot like Christmas !

Most investors welcome the retail offers, it show respect to retail shareholders, it allows them to get the discount that is being offered to II's

Warrants are the differentiation when comparing the II and Retail offerings, but as you said retail investors have the option to take more if the price falls below the offer price (as i did), so have that advantage if they want.

Strategic investor has stalled, for me as said before they should have been binned off well before now, we needed the cash to get things over the line so had to raise, in such a market i am surprised they managed to raise as much as they did with as little discount as they did, that says volumes for the intrinsic value.

Cash that means we can push on to real value now,

I've paid as much as 7.5p in April 2021 and as low as 3.1p in August 2022, always knowing the value won't arrive until DFS has been, did i expect to see sub 5p again let alone sub 4p hell no, but this is the market we are in.

What is the wall street saying "Buy when there's blood in the streets, even if the blood is your own."

Whilst as i said before i think Mike's credibility which until now has been rock solid has taken a knock and he needs to be more careful on what he says in interviews, and i'm sure he was uncomfortable being forced into this position by the SI debacle after stating numerous times how bad that action is to the share price.

Still much value here, even if we have to wait a little longer and suffer a little more than we expected,

I have queried the company regarding this question, they said they basically have all the necessary funding to complete the DFS now, Mike stated he will take the SI cash at or above 5p if/ when they sort their act out.

So they don’t need to raise any funds to get the DFS over the line, the SI cash will be a bonus

Well it’s now down to Mike to show us the value he has been banging on about, lets see if these pieces of news we have been promised will do the job

"Long term i still think we're on to a winner but agree with other posters that taking these early risks in juniors when they haven't been derisked doesn't make any sense any longer."

I have been invested as of today 1304 days, 3 years 6 months 25 days or 42 Months 25 days, averaged down 50+ times, Mike has mentioned "adding value" hundreds of time during that time, but i'm still waiting to see that arrive,

I think i was 1304 days, 3 years 6 months 25 days or 42 months 25 days too early !

Problem being now everyone is taking what Mike says with a pinch of salt, very much some reputation to recover now, today hasn’t been a good day for Mr Ralston.

Mike just needs to start thinking about the possible impact of what he says before he opens his gob.

A big knock to his reputation today, let’s see how he recovers the situation

I guess we know now why Mike scheduled a meeting for December, let the dust die down, and the disgruntlement settle.

Let’s hope he has something positive to announce!

For me these interviews need to stop as he is continuing saying things he isn’t able to deliver, let’s just stick to the facts

This isn't a problem with raising the money, we all knew they would need to raise as soon as the the SI investor @5p decided they were relocating to Mars, this is now an issue with Mike's credibility, for the last two years he has stated in all of his interviews that he wouldn't need to raise at a discount and issue crippling warrants (because investors just sell the equity and ride the warrants), and now he has done exactly that.

Good to see the new management putting their own cash in, but again rather on the open market they needed the sweetener of the 6p warrants so bitter sweet.

Big question is why now, if Mike is expecting re-rating news shortly why issue at a discount now, they state in the RNS they have plenty of cash available, and we already paid ADT $1M for the drilling program, surely it would have been better to wait for the "re-rate" if it is coming and raise then?

Not overly worried at this raise, but Mike has surely lost some of the vast amount of credibility he has carefully built

Simms, the market could be massively bullish but investors only invest when they have a chance of making some money, EQT could have £100m cash but while Palumbo continues to issue cut price equity with no justification investors will continue to shun the share, this isn’t the ftse where we calculate mcap via eps or earnings multiples, this is the cesspit of AIM where mcap is built purely on sentiment, and Dumbo has destroyed that with his actions over the last 3 years, the final nail in the coffin being the debacle of the last blatantly unnecessary placing, investors now don’t even expect the price to rise on good news

It’s not the market that’s broken it’s EQT and it’s purely down to Dumbo Palumbo

While we may rise 10% this is a pitiful 250K in market cap terms.....

Or fall by another 4%, Dumbo Palumbo is a leper to investors, he as to go, but is riding this for all he's worth !

So much confetti floating around it will take Dumbo leaving to shift this any way upwards !

This will need numerous of these revenue generating collaborations together with Dumbo not raising any more at these levels before the market sentiment will turn.

Or we could get a massive boost if Palumbo clears off !

Mike has to draw a line under this strategic investor debacle, it dragging us down and destroying market confidence overshadowing all the positive news flow, November now when we were told we would see an investor prospectus in February!

Just little things but having a large impact on sentiment

EQTEC website lists north fork as completing construction in 2025, but we know from Wade Wheeler that they expect to be operational by the end of the year,

So why does EQT not update the market with news on the plant, simply because either Dumbo doesn’t know what day it is or its important to his agenda to suppress the Shareprice

@MyIPA you surely must be one of the Turkeys that voted for Christmas at the last AGM giving Dumbo another term as director even after he has shafted shareholders for years and approving the 223% further dilution.

Palumbo makes zero effort to support the Shareprice, in fact his actions are directly responsible for the Shareprice tanking

Any positive update will be accompanied by the usual equity gifting to Dumbo's mates from the pile of Turkey approved equity that is burning a hole in his pocket.

Every boozy friday night is a risk for shareholders when Palumbo and Gunn get together.

“How the non execs are not reining that in i do not know.”

They are all frauds, so don’t give a crap

The whole management team own less than 1% of the issued equity in the company, shareholders and Shareprice are irrelevant to them, they have milked their last drop of blood from shareholders, now it’s just a matter of time before the criminals ride off into the sunset with investors cash, in the ilk of John Gunn and INSP, Dumbo Palumbo’s business roll model!

Palumbo’s actions have completely destroyed investor confidence in this share, the weekly volumes are just embarrassing, investors are spending more on a latte at Costa than they are willing to put into this shambles.

Palumbo has milked shareholders into an empty husk, and his lack of news on any front just shows the great pivot has been an utter disaster on every front other that keeping his bloated wages being paid!