Member Info for flashgarden

hh
I am already invested here.
I know that I am but You dont know whether I am or not so we could engage in a pointless and irresolvable argument all day. It's a waste of time and finger skin. The increased revenues are partly good management but primarily circumstantial due to current high energy costs. The hoped for production increases in tunisia have not materialised this year.
Yes, there is a lot of 'potential', which is what seems to constitute the majority of your investment argument.
Whether bulls like it or not, although andrea has done a lot of ground work , he hasnt turned it into production figures. If he does it then well done. But to my mind, encouraging folk to part with their hard earned cash on unbridled positivity about potential when the evidence over a considerable time is that the guy doesnt deliver is worse than what I am doing. Ive never argued with the potential here. Cue 'different animal since azer' comments. It isnt. Andrea is still in charge and he can make all the speeches and open all the offices and buy all the drilling gear he wants , if it doesnt translate into increases in bopd it means diddly.

TYB
The price has gone up?.....really?
If and when they get a definite increase in daily production then I will say well done.
And by that I mean signed, sealed and delivered. I do not mean talk of some potential deal that never gets signed or potential increase due to a planned workover that doesnt actually achieve the forecast or talk of a planned sidetrack that never materialises.
Until they actually deliver the much talked about increase in production levels, this company has failed the shareholders IMO. I am hopeful it will change. Thats why I still look in on here.
For you to say that all we know is whats in the RNS is very true.
We only know facts. Everything else, including unfounded speculation or accusations levelled against anyone that doesnt wear the rose tinted company specs. is just hot air.

Dont think logp main investors will aceept less than 7 or 8 p a share. Think if it was anything over 10p they would deffo take it. Thats a hefty price tag with shares in issue. However, the purchase value for LOGP would have a corresponding effect on the BEY market CAP. Discussions will be ongoing but the 21 days was too short to do anything else but rely on LG to demonstrate funding capability. Think we could deffo be back over 2.5p in double quick time here.

HH100.
well articulated posts. When it comes to choosing what to read and what not to read then ditto for you with my posts.
Of course that would not be sufficient for the narcissists who would seek to delete any posts that did not agree with their own opinion or agenda. :)

please explain why anyone would be interested in what you claim you are doing or why it is relevant to the discussion.

cue the ' this is massive; im adding on friday' .

ha ha ha.
ditto for years.

I can see LOGP getting taken out here for $1.50 a barrel.
I think the main backers will be looking for at least 7p .
They are a millstone around BEY's neck.
AIMO

10p

I think andrea has gone where others dare to tread.
I hope it pays off.
I am discounting italy with regard to long term aspirations of being a mid tier company. IMO The revenue from italy is a short term circumstantial benefit. It is welcome but has not necessarily been attained as a result of good management.
He is basing his aspirations for this company on Africa. Before this it was azer or the far east, all with mid tier aspirations. He needs to stop just talking potential and bring it home.

The first Tilapia related RNS was in December 2019.
How long do they need?
The history of this company is potential after potential, each time with the promise of becoming a mid tier O&G company.
Until they actually deliver something tangible and substantial to justify those claims they are bottom drawer.
Before I get criticised by zealots for ignoring tangible results I did not say tangible or substantial.

potential needs to become reality here.
bentley, walcott, bendtner........still waiting.

Would the same objections regarding lack of funding be raised if it related to the licence to a wind farm development?
Its all post modern, marxist nonsense which we all know leads to folk sitting in homes with no heating or food.
If these folk were not in positions of power they would be sitting in the road stopping traffic or throwing soup at masterpieces.
They are unhinged destroyers with no grasp on reality.

when you say 25% of orom cross do you mean the entire resource or just this project? I cant see anyone stumping up 60m for 25% of a project that has an NPV of c 500m

The 59p was derived from the NPV and was risked at 50% on finance , 30% on development , 25% country risk. So although I agree that it is likely that BRES will relinquish some of the project, if the 50% and 30% risking is removed in the process it brings you back towards the 59p valuation. My main issue is that NPV is not mcap. Why would anyone buy in at the NPV ? They wouldnt make anything on the deal. IMO the only way bres will get anything near the NPV valuation is if they also relinquish some of the potential expansion from the remaining 98% of the resource. If they restrict any deal to this project only then they will only achieve a fraction of that NPV.

Think BRES will have to give up at least 50% of this project to end users / majors to have a hope of getting it funded and developed. They have plenty of scope for expansion later. They need to take an initial hit to get this derisked.

The last investor webinar in April was closely followed by a placing.
The whole point of hosting one of these events is to attract new investors.
Lets hope MR sticks to his stated intention of mimising dilution at this level.
They need a well funded partner.

59p price target was risked at 50% on financing the next stage of development to production.
Therefore, Bres could derisk by bringing on board a well funded partner in exchange for equity in the project and not really undermine that valuation.
Of course NPV isnt EV so deal making skills are going to be key to keep us shareholders happy. However, with a rising graphite price, massive scope for expansion, high quality product with low production costs I would say MR holds a good hand.
Bottom line is BRES are ridiculously undervalued. IMO.

HH100
Few comments on your post at 10.03.
First of all the 2-3 billion tonnes is ESTIMATED.
It isnt a JORC resource. It hasnt been drilled.
Secondly, the link you attached shows that the estimated annual demand for graphite by 2030 will be 4.3 million tonnes.
If this resource was the sole supplier of global graphite , which it isnt, how many years would it take to sell 2 billion tonnes at 4.3 million tonnes per annum? do the maths.
Your 100 billion dollar figure is ludicrous.
you are trying too hard.....keep it real.

I am being sarcastic. 'better quality investors' was the phrase used by MR in a recent interview. Thats what he thinks of the posters on this board.
And if you think the unofficial contents of the PFS have not been discussed already with folk that MR thinks are important then I think you are naive.