Member Info for Computer909

Not sure there is any risk of a takeover at present.

Funding is the key here, whatever anyone says, a good funding solution means the company overnight becomes worth multiples of its ludicrus current MCAP.

Let's hope all Mikes talk regarding multiple interested parties can be transformed to signatures on contracts and cash in the bank

As I mentioned last week, looks like 7p is a strong support level, hopefully it will support us until the macro changes and finance news arrives, then we are off to the races

The issue wasn’t raising the cash it was giving away so many warrants and at such a low exercise price, we would have been better off giving a greater discount on the placing and not issuing warrants, they have lost all control.

Mike himself (before he did it) said in an interview that cheap warrants are a a nightmare with warrant wan kers riding the warrants to oblivion, it has played out that way so far

Company is trading at whatever the warrant wan kers can get for their pound of flesh.

Mike has proven a bit naive with the fund raises last year, it’s haunted us since

When the macro environment means the market switches to a risk off approach the most harshly affected companies are those crowded with retail investors, and unfortunately that is BRES, so if the orange one continues to act as he does then BRES will be disproportionately impacted even though the company’s situation hasn’t changed. We can only sit on our hands and wait for the recovery that we all know should come very soon

Well we have had a shocking last month, anyone would think that BRES is dependent on oil coming out of Iran rather than being able to use cheap hydro power for all its needs. With a Shareprice drop of 38% this month, Mike and Co have just two working days in Q1 in order to at least update us on the self imposed financing timeline.

With the warrant wan kers out in force every day, and the orange t wat in the White House continuing to wave his ego around we need some news early next week to counter the affect,

With a 34% drop in a month we could do with some news on financing sooner rather than later, not sure we can wait for the DFC to get their act together it looks like their focus is elsewhere , if the AFC are ready to put up a wedge then let’s go with them and bin off Trump and his cronies, at least until they come grovelling for the quality product Orom-Cross can produce.

With the warrant wan kers seemingly knowing no limit to the level they are willing to offload at (Why would they when Mike gifted them such a low strike price) looks like the next support level could be 7p, which should be quite rock solid and we already know someone was willing to spend £3m at that level just months ago, and the company’s situation hasn’t changed since then, in facts it’s improved somewhat.

I did say I wouldn’t buy any more as I am way over my usual position level, but at around these level this has to be a bargain in the long run, Doesn’t it?

Well we could definitely do with something to prop up the Shareprice, the 100k warrant wan kers gouging BRES has been active again for weeks now and lis out once again this morning. Only a few days left is Q1 so hopefully will hear at least news on a new finance timeline pretty soon

Well we are expecting/promised news on financing in Q1 which has just days left to run, (but likely to slip into Q2) we know we will get more Assay results (if the lab gets its act together) and a second JORC update to follow soon after that. We also are hoping for additional offtake agreements (Possibly BTR or NASA?)

There is news flow coming but these scummy warrants are a constant thorn in our sides. We will know in June just how many have been exercised and just how many are left, when we get a block listing update,

BRES have put very few steps wrong in the journey to this point but those giveaway warrants have to be considered as a major mistake, that hopefully will soon be behind us.

If it wasn’t for the warrant drag, even the madman Trumps antics would have struggled to slow the momentum the Shareprice was building, but we should hopefully return to an upward trend pretty soon.

Rachel from accounts says she will stop fuel companies gouging cash from consumers, perhaps we could ask her to stop the warrant wan kers gouging BRES , they have destroyed all momentum the Shareprice had gathered

Blencowe should never issue warrants ever again they have been the worst move ever for the Shareprice, they should have dropped the placing price with no warrants rather than give the warrants and giving up control of the equity

We need to somehow convince the market of the true worth of the project in order to get the MCAP where it should be. Delays with assay results has taken all the heat out of any JORC increase news, so we need funding or offtakes updates now to get us to somewhere near true value, and we should get that over the next few months.

Warrant wan kers will continue to add a headwind to the Shareprice until they also can be convinced of the true value.

This surely offers a buying opportunity if you have free cash especially as we head into the new ISA year

Warrant Wan kers have been out in force once again today

well if he is ****ed off as to the effect the cheap warrants he gifted have had on the shareprice then good, welcome to our world, learn a lesson and don’t do it again mike!

Personally I took Mikes interview as a clear hint that financing wouldn’t arrive in Q1 as predicted but could take longer into Q2.

If we go into Q2 but come up with a a good package for P1 & P2 then it will surely be worth the wait.

Most people would say funding is pretty certain, it’s just a case of when it arrives and on what terms

bres is starting to synonymous with “warrant ******s”

If Mike issues more equity at 8p that would be a major embarrassment for the company and a major disappointment for shareholders . We must wait and see but 8p would mean Mikes credibility was shot to pieces. But anything could happen what the hell do any of us know.

But the self imposed deadline of Q1 is rapidly closing so we should hear one way or another pretty soon.

I just hope they don’t issue more non-updates containing “shortly, imminent or in short order”

It’s difficult to set a support level when warrant holders appear to be willing to offload at falling levels.

I do hope that BRES have learned their lesson regarding finance at any cost with these cheap warrants, Warrant selling has been the defining action as the Shareprice has risen, providing a constant drag on any progress.

A drop of 30% is obviously uncomfortable for shareholders but upcoming news should help to turn this around pretty quickly.

Assay results and JORC updates probably won’t make much of a difference as the delays have taken the heat out of that news, but financing and additional offtakes agreements, especially with “household names” should push this all the way back to all time highs.