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This is clearly about securing percentage of voting rights, The idiot knows he's at risk of not getting re-elected as a director and is willing to do anything to pump the percentage under his direct control

Clearly doesn't now expect Verde to come through (Big Surprise there Dumbo), If they did expect Verde to actually stump up then that would make todays actions even more criminal keeping in mind the Verde conversion rate is $500K @ 2.35p and $1M @5.3p, Absolutely no way Verde are completing after seeing these gifts today, Would you ?

£500K on Feb 13

£245K on May 5

£200K on May8

Well David if this is an indication of your working capital needs, based on your revenue projections rather than reducing overheads by 20% you needed to reduce them by 80% or more !

What an absolute joke the management of this company are !!!

Like it or not the SP won’t move far from the 5p level until we get the recently announced subscription away and we get an idea as to what the short and long term intentions of the “strategic “ investor are.

Q: "Can someone explain how come this is valued under £3m"

A: Palumbo and vander Linden

So just over two months after diluting shareholders to oblivion with a debt to equity conversion, Palumbo starts ramping the debt all over again!

OK, so the original EQTEC/Phoenix MOU for North Fork was signed September 2018,

If Italy was anything to go by "Commissioning" will take at least 18 months from when the start is muted, which will see us to December 2025

Also if italy is anything to go by it won't be profitable in the first year of "operation" (as MetalNRG have told us), so that will see us to December 2026

So hopefully the first $ of profit from North Fork operations will be seen by EQT December 2027 if we are lucky.

Now for the community in North Fork this may be attractive because its generating jobs and providing a means to protect against wildfires, but for EQT shareholders that isn't the most attractive of returns on already $4M written off.

That is pretty close to a decade from first signature before a cent from operations is recovered, and that we understand is why the "great pivot" was undertaken.

Perhaps it just seems like a decade !!

North fork has been being commissioned for the last decade

New year….

April…,

May…

Next month or so…..

North fork operates on the vander linden planning scale of bull s hit!

I would like a communication from Dumbo Dave, just to say they have enough cash for the next 24 months, and won't be issuing more equity and above all wont be looking to take the company private in the next 5 years. (mind you i would like to win tonight's Euromillions too, and thats more likely than anything worthwhile from Palumbo and co)

The current uncertainty has the shareholders in limbo, looking at the shareprice and thinking that is a bargain, but thinking twice before investing or averaging down because no one trusts the BoD not to leg them over again!

"Full year won't be great"

Question number one is, will the full year revenue be more than the sum of Smirking Palumbo's and Lies through his teeth Vander Lindens "remuneration", and if not how are they still in the job paying what they are being paid?

Full year results and post period update must surely come within the next few weeks, so we will find out the true nature of what has been happening at EQT.

Smirking Palumbo and the rest of the gang can’t hide their actions much longer,

“The silence from this BoD is deafening and they certainly don’t communicate with the shareholder”

The directors of EQT are a new level of incompetence!

“Seems to me as if DP is almost not wanting Verde to proceed or something odd”

That’s because if verde do complete it burns Altair and everything Palumbo does is for the good of his paymasters at Altair

How low can this sh it show go, if this was a dog it would have been put down long ago.

We have another three weeks of this slow death before we get another verde RNS saying they have pulled out. It doesn't take a rocket scientist to work out that verde are not going to invest £1.5M at what is now a 60% premium, surely Verde's investors have put the stop to that even if the cowboy con artist CEO wanted to proceed.

Altair and Pitcole must be praying verde don't come up with the money, their 17M conversion shares got for their £406K are now worth £293K and dropping by the day, I wonder how they are liking that feeling, now they know how the rest of us feel !

Donut Dave Palumbo and Lies through his teeth Vander Linden have taken a company worth £260M just over three years ago and turned it into a steaming pile of dung worth £3.1M, and still they wont show their faces to the shareholders.

How long will they put off the full 2023 year results, god know no one expects anything other than an utter catastrophe, so lets see them, lets get the AGM scheduled and vote against Palumbo remaining as a director.

BRES is listed on the main list not AIM

No one understands the Verde deal because its a Palumbo special, anything to raise a little more cash to keep his ego inflated no mind to the impact, He has no respect for the shareholders they are just a fat cow to milk when he needs to raise a tenner for the coffee round. Palumbo has to go and someone that respects the shareholders who have kept this company afloat for over 20 years needs to be appointed. Palumbo's an utter buffoon who will take the company down rather than admitting he should downsize and control expenditure.

Full year results are expected to be as shocking at the interims, it's the post period updates that will be of most interest.

If the prospect of delivering a pipeline of pipelines was so great smirking Palumbo and lies through his teeth vander linden should be mortgaging his house to invest at these prices. Both are just full of sh I t

@Simms45, we should be £50M+ no £4M i totally agree, but with Palumbo and JV Liar at the wheel PI's have zero confidence in anything the company says or does. These two must go if the company is to regain any credibility with the market as well as binning off verde and stopping issuing equity at these levels.

Biggest faller today Bushveld Minerals issued this statement regarding their "strategic partner"

"As previously announced, Acacia Resources Limited ("Acacia") was due to settle its subscription of US$3.5 million on or before 28 February 2024. The Company has not to date received the subscription monies from Acacia. Acacia is in breach of the terms of the subscription letter which it signed with the Company on 30 November 2023. The Company has instructed its lawyers to commence legal proceedings against Acacia"

This is exactly the RNS we will see at the end of May with Verde, although i suspect Palumbo is not savvy enough to have positioned EQT in order to claim for Verde's bulls hit

#Vote_NO_to_Palumbos_reelection

You cannot trust anything that tweedle Dumb and tweedle dumber say. If all the revenue we are led to be being raised is actually arriving and there is still cash available in the loan facility why on earth get involved with the likes of verde?

The other investors are obviously as sick and tired of Palumbo’s shenanigans as the rest of us, they clearly haven’t moved on the 30th June selling/conversion date, the way it’s going 50% or more of the company could be flooding the market if the strategic investors that Palumbo has dug up follow the Catalyst action and hold their shares for about a week before selling

What a sh it show this truly has turned into!

Remember vote no to Palumbo’s re-election at the AGM!

Ffs Palumbo just cut verde loose, they are making a laughing stock of you, how desperate do you have to be in order to put up with the likes of Verde doing this over and over again

Shockingly weak management even for smirking Palumbo !!!

Must be some bonus linked to raising this cash, happily it means even if they do actually complete which to everyone apart from Palumbo seems unlikely they won’t have their shares to vote for Palumbo’s reelection at the AGM