Member Info for Computer909

Just had to take another 20k while it is under 5p

Bargain!!

Yes the share price seems to be struggling to take off, because the market is trashed, very little interest in investing into equity at the moment due to interest/guilt rates.

For me the timing of the news through 2024 with DFS and decision to mine by end of 2024 could be perfect timing, if interest rates begin to drop and investors start to look for better returns BRES will look extremely attractive and then the Shareprice will reflect the worth of the company/project, easily looking at 7-10p on very little news, the foundation has now been laid.

You could lock your cash away in a 12 month bond for 5-6% or invest in BRES for a much larger return over the same period, you don’t check your savings account everyday, so just let BRES do its thing.

All obviously my opinion

AIM or Main market at the moment the equities market is fundamentally broken because of guilt rates, we have institutions like Warren Buffett's Berkshire Hathaway holding onto $147B of cash or cash equivalents because "there is nothing investable at present"

The fact the DFC are backing BRES is game changing and the option to fund production means the risk of finding funds in this broken market has been reduced too, Win for BRES, Win for DFC, Win for shareholders !

They have never said they want the sell the Italy MDC, it was financed by shareholder loans, the refinancing will enable those loans to be paid back, Italy MDC owes the EQT group around €1.6M

Market not impressed with the massive £145,000 revenues highlights?

That isn't the issue here (taken from PHE's last results : Revenues for the half year of £nil)

The issue seems to be that this is the climax of the change in strategy first announced in 2021. which has turned out to be utterly mismanaged by the directors, if they had ditched the deadwood projects two years ago and not thrown good cash after bad at that point, we would be sat with cash in the back waiting for the revenue streams to start flowing. This is purely down to mismanagement.

The AIM market is now an unrepairable shambles, the market has trashed other shares because they need to find finance in the current market but have ignored the fact BRES has secured financing in the form of a grant together with the possibility of full plant financing.

We should hear within weeks details of the first payment from the DFC together with the BoD warrant uptake, as well as progress in the DFS.

Anyone selling now will surely be looking at their decision again towards the end of the year

"It is imperative that we respond to the AIM market's valuation of the Company by finding investors of scale that understand and believe in EQTEC's direction and full potential."

This to me looks like they are fed up with the AIM circus, realise they cant raise any cash in that market so will be looking for a buyer, if there are indeed the listed assets of £30-£50M, then any buyout would need to be around the 0.2p level at least, i'll wait and see how that pans out. Could IDEX spend £20M ish to get their hands on the technology they hope to use in multiple projects, get the IP and engineers whilst clearing out the management apart from CTO ?

Based on these results, the exit of the idiot CFO and the rest of the board taking a cut, i'll hold, next review April 2024

last comment (again now until the **** hits the fan again or we take off)

will wait to see the interims, and the survival plan for the next 12 months, if the plan is good i’ll be buying more in order to average down in the hope of getting out earlier than planned with something resembling my investment, if the plan is more of the same think i’ll cut my considerable losses and look elsewhere for company with some sort of investor confidence in the director.

aim directors should be forced to take half their salary as equity in the company to avoid the situation we have with the cfo where he doesn’t really give a sh it what happens to the shareholders as long as his salary is paid, we see it across aim all the time , it’s criminal

palumbo very conspicuous by his absence, if you remember he didn’t appear at the last interview, let’s hope the useless **** has gone for good, taken the idiot cfo with him.

unfortunately they are probably sat in the altair office counting cash

Today I’ll be happy if it remains black

‘as we shift to survival mode‘

Don’t you mean pivot as JV Liar is fond of saying

David le Saint for CEO, he’s the only guy keeping this ship afloat at the moment

If the shower of sh it that call themselves a board of directors at EQT want to see what a quality management team that can manage finances and timelines while supporting shareholders looks like they should look at the team at BRES.

"Altair could still have 700m to dump just on the recent loan for equity swap for their gross salaries"

or this all could be the DP/Altair master plan, dump dump dump, then crash the price and buy at a firesale price.

Anyone seen the film Trading places !

clearly one of the major holders has began to dump today, if it turns out to be one or more of the directors they really need locking up, could be altair getting rid of what the have left.

still the arrogance of the bod means none of them have the moral fibre to show their face, jvl is an utter ******, oh so quick to come out blowing his own trumpet, never has the ability to steady pull the reigns on this run away horse, dp is just a snake oil salesman that has been found out, baber clearly incompetent.

they remind me of the current tory government expecting to be congratulated on doing a fine job, when in reality they have made a major screw up at every level.

"On top of the BOD theres 23 or 25 engineers on the books"

And it still took the due diligence from an italian bank to tell them they needed to improve the efficiency of the plant, maybe we get rid of a few of DP's cronies and employ whoever the bank paid to do that work

@pic12, how many of your other AIM investments are currently sat at even or ahead of your investment even just two years ago, most of AIM companies are massively down in that time period so in the order of 90+ percentage, yes BRES has been a slow burner but new mining projects take years if not decades to get up and running, BRES have got this far in a fraction of the time others have taken, and with the funding now in place this should simply take off.

I would put £100 in a savings account and buy £100 of BRES then see where you are at the end of 2024, I don’t think you will be thinking the same then, if you get 7% in a savings account you will be lucky, this we’ll see many multiples of that in my opinion!

Your money, your choices

This farce is purely down to the BoD mismanagement of cash flow, numerous companies have posted poor results, a slowdown in growth and pushed back targets and the market hasn’t reacted in this way.

This reaction is 100% driven by the markets lack of confidence in the board to navigate the issues after already exhausting multiple revenue streams.

This week is pivotal for their existence, either come out and explain how they will steer the company through the next 12 month, or call it a day, move on and let someone else have a go, they couldn’t make a worse screw up of it.

I’ve given up trying to understand the reactions of the current market, all I know is that come the end of 2024 my investment here will be multiplied many times, just for sitting back and watching .

Could I make a little bit more by trading the peaks and trough s, probably but this is only heading in one direction now and I’m along for the ride, I have enough invested that if it does realise it’s promised potential I won’t worry on over or two percentage points either way.