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Great post BT - and that's just the value of PEPAS 1. Once they finish the infill for PEP 1, they will move onto discovering PEP 2 - the preliminary work to make these additional discoveries is being done in parallel to the MRE work. So by the time they get to production at PEPAS 1, they will likely have discovered a few more deposits at least. Each similar discovery will add another $1 billion plus to the in ground value. CRAZY

In summary: a potential monster in the making. They will not only move the initial PEPAS deposit towards production, but in that same time, they will be looking to discover more such deposits nearby, which if found, are likely to be larger than the initial deposit. So this MRE will itself enable MRE forecasts to be made for the other deposits. The scenario we are looking at is production of circa 300koz near surface at PEPAS, but then adding more 300 + koz deposits to this. How much is 300koz worth with a £2000 gross margin? How much then will a second discovery (likely larger than 300koz) be worth?

Nothing priced into this for any discovery that might be made at El PANTANO!!!

"It is not unreasonable to suggest we are trying to be all things to all people - catering to those who just want drilling and news flow, those who want nearer term cash flow and those who like to fund mining developments. We are. But we are because we can and because that is what the rocks are telling us we can do.

The proof of the pudding for a junior miner is the probability of an economic deposit being discovered and developed. Sadly for most juniors, that probability is essentially zero. We think now we have a deposit, the next step being to define its size and nature and its path to development. All while still exploring and drilling everywhere else.

Running parallel streams will present a few little challenges, but nothing we feel we cant deal with."

Just read it - a very solid update with some really significant developments coming up for OMI. We should have a really strong year end, with the MRE and El Pantano drilling co-inciding with the seasonally strongest quarter of the year. Buy the dips on the way up folks, as today's RNS opens up a 20p target by end of year imho. Some large buys gone in already and if we get a decent reaction on the TSX as well, we could be back in double figures by the end of the week. GLA

Anyone know how long a consolidation takes once voted through?

I think with a lot of these stocks, you have the 'before and after effect'. The before stage is when they have all the hype and can attract the herd. This is usually when they are building up towards a big catalyst event e.g. drilling a transformational well, awaiting a significant FDA approval, project funding or whatever the 'ramp' story is based on. When the big catalyst event then fails to materialse - as happens with most AIM stocks - you have the 'after' effect which is that some of the herd remain believers but a lot of them move on. The stock just isn't the same as before - the story has failed or people have stopped believing it. This is when you get lower placed dilution and unless you catch the occasion pump and dump spikes, you will lose money more often than not.

I think last year was meant to be the big catalyst event for MATD and we all got excited by the company. But it just hasn't lived up to the hype and anticipation and I can't see the herd arriving in the same way as before. But let's see, just my view.

Thanks StM - good to see that MR didn't dismiss it, and his thinking was similar to mine, in that he noted the involvement of the DFC as a possible reason to consider a listing in the USA.

PFG - I think it can work both ways. There will be some stocks that benefit from additional liquidity from being dual listed and it can help them with liquidity and raising money. A recent example is OMI, whose last raise was on the TSX, and whose share price has recently been moved as much by TSX action as it has by AIM. GGP have gone for a listing on the ASX I believe. Didn't GMET go OTC and have they not benefited from that. Recently its been the vogue for the bitcoin treasury stocks and I know some pharma stocks benefit from exposure to the US markets.

Whilst there's no guarantee that it would make a difference, if Orom Cross ends up being THE critical source of graphite supply for the US, and funded by the US Govt, I can't see how that wouldn't be of significant interest to US investors?

Moreover, apart from the extra red tape - which I would imagine would be minimal and is outsourced anyway - what would be the downside?

Come on Donald - give it a rest. You're like a dog with a bone and becoming as bad as the filtered trolls now.

Now that MR has confirmed that he plans to keep Bres aligned towards the west, and with the DFC playing a key role with Bres, I was wondering whether/why Bres doesn’t either dual list in the US or go OTC? This would really expand the investor base and give the stock increased exposure and liquidity.

What do others think and has MR already addressed this topic?

I think we have another week or two to grab these at these lower levels. I expect this to go on a run post consolidation. It might go on a run leading up to the consolidation. I'm also planning on adding before the AGM.

Anyone know how long it takes to implement a share consolidation once its voted through?

Seriously Donald - give it a rest. I honestly haven't got the foggiest what you're on about, because I really couldn't care less about the matter. It was all a bit of jousting, mostly in jest, and you are taking it far too seriously. You need to work on that ego, because this need for validation all the time is very childish.

The bottom line is that you have been buying at higher levels and the share price has fallen below many of your recent buys. So you have made a loss on those shares for now. However, I am confident that you will make money on them, when this retracement reverses back into an uptrend.

So you win either way Donald - which means I have ended this post on a positive for you (and your ego). Happy?

Literally dozens of tiny trades today (several for only 24 shares for example). Anyone shed any light on what these are all about?

BT - I totally get and relate to what you're saying. I'm sure a lot of us are in the same boat and mindset. It's not easy to watch and wait and there is most certainly an opportunity cost. But I said I was going to give OMI the whole of 2025 to play out and I'm still happy to do that. Although it's not nice to see and endure, this recent retracement will disappear just as quickly as it was formed, on the right news.

Now in terms of the right news, because each and everyone of our projects has the potential to be a game changer for the company, whatever forward plan they come up will be exciting. I'm happy for them to take this pause, if they serve up the goods over the next 6 months or so.

News surely can't be that far away now to start to kickstart us again?

Give it a rest Trump. We have all acknowledged you're the best!

Great post Jam - and very much mirrors my own intended approach and strategy to Bres. Everything has been put into place now and the project is pretty much de-risked listening to this week's interviews from MR and CP.

Absolutely correct Stamford - the only thing I will say is that they desparetely need the drilling permit to land before the AGM, to have any chance of raising at a higher level. If it doesn't arrive in the two week timeframe given by the CFO i.e. the week after next, then confidence will be shot going into an AGM lined up for a huge cash raise. Drilling isn't going to come cheap and usually costs £millions. So expecting it to be another £5 million or so with a heavy discount. Hopefully no warrants. All imo and dyor

😂😂😂 - desperate attempt to silence free speech on what is meant to be a discussion board.

Yes Silverpompous - go and get your echo chamber.

If you watch the interview, all he says is that the current activities have been funded from the current cash reserves. He doesn't say the "future" drilling will be funded through cash reserves.

Come on folks, the company has just gone through an audit which has bleeding told you the company only had £430k left in May. It was burning through 200k/month in 2025, so probably has about £200k left in cash reserves imho, which will be down to virtually nothing by the time the AGM comes up. So expect a very quick placing, because they can't afford to purchase long lead items, prepare the access and site, or contract the Rig as they don't currently have the money for any of this imho. All imo and dyor

£1.2 million in January, went down to £0.43 million by May. Giving you a burn rate of £200k.

They will probably be down to the last £200k by now, hence why the placing is being lined up. Do the maths!

In terms of why the mcap is so low, my personal view is that its because Bres has spent recent years engaged in the rather "boring" phase of producing the PFS and then the DFS. It sort of missed out on the more exciting "exploration phase" because Orom Cross had already been discovered. I think very few juniors actually see much share price action during the DFS stage. As Bres has proved, it's a very long and dull process. Most investors/traders will come in towards the end of the process and the inflection point. According to the company itself, it should now be entering a "MASSIVE" inflection point as it completes the DFS, significantly increasing the NPV and JORC in the process, and then is able to secure the funding and offtakers, which have already been lined up.

A real bargain at 4p. It should multibag from here on a longer term horizon of 6-24 months. The only question is how many bags. All imo and dyor