Member Info for Legalwolf

Tellodome: only a few posts ago, your view was: "This is going to be a nice blowup."

The placing seems to have blown up your optimism. Everything you say below, was equally applicable when you were super bullish?

Anyway, I have posted a link to MR's interview below, where he talks about current DFS work being done. It seems clear to me that it goes beyond just what is needed for the Phase 1 plant, because he talks about the downstream facility. So I am not sure you are right that the current DFS work is only for Phase 1. This also doesn't make sense when you align it with the DFC funding, where the final tranches are also due shortly and on completion of the final DFS.

Re timescale, as I have said, MR was also asked about timescale. He actually said that he didn't want to put a figure on it, as he would then be held to that timescale. So he described instead the work being done, and even with his reluctance to be specific about how long it will take, he ended up saying it would take "a couple of months". I don't think MR would have said this, if the reality is, as you argue, it's going to take another 9 months. If that were likely, I think MR would have stuck to saying something like 'by year end' or 'during H2 of 2025'.

But it still goes back to my original point - what matters to us as investors/traders? We are not offtakers looking to buy the graphite. We are trading the shares of the company. So when all is said and debated about the DFS, it still comes down to whether this is a good buy at these levels given the newsflow coming up here? That's a clear 'YES' for me, and I will be looking to add when funds allow, to build a position going into the JORC upgrade! All imo and dyor

I think it's become clearer this week that Seingred has been exposed as a bit of a bs merchant. We all have access to our average. It doesn't need any working out. When Seingred proudly told us that his average was 3.7, which he mentioned a few times in his earlier posts, he did NOT have to work it out. Since then, he has bought shares at MUCH higher levels than 3.7. For example, he told us had bought in the 8s, and he has also bought some in double figures. Therefore, his current average will be much higher than 3.7 now. This is very basic and very obvious.

But Seingred no longer wants to disclose his current average because it doesn't make him look as good as when it was 3.7. By not making full disclosure, he is clearly hiding the true facts. We all know that if his current average was boastworthy and supported his cause, we wouldn't even have to ask him. He would volunteer it himself, like he has done on a few occasions before. But now when we actually ask him what it is, he no longer wants to disclose it.

When he gets caught lying like this, what does he do? He makes a comment that it is amusing to see the share price head down to 9p, and the comments from people who were predicting 20p to 30p.

Now why would anyone with a low average find it amusing to see the share price go down to 9p? The only people who would gain from this are ones who sold out all or most of their holding at higher levels, and are looking for re-entry. This IS Seingred, and this is why he seems to appears every time the share price falls back. Classic trader MO and is no different to Johnstoneo.

Anyway, having been exposed this week, I agree, best not to waste too much time on either of them. All imo and dyor

You are right about placings. They are no guarantee, otherwise this game would be easy! You still have to pick the right ones and need a bit of luck.

With placings, I think it helps if you know the company and its situation really well. I try to focus mainly on these placings, as you can better then judge which placings represent an opportunity vs which ones being a trap. I know Bres very well and have been in and out of it a few times over the years. So when it fell to an all time low of 2.6p (undercutting the placing of 3p), I knew that was too good an opportunity to turn down given the newsflow it has coming up. So a calculated risk, rather than a mere punt. So far so good, but let's see.

KR - well done on MATD. Good to see you have a string of wins under your belt. Don't rue HEX. You made a profit, that's the main thing.

I'm still in HEX, and after this week's results and listening to Bo (a more polished and refined character than DM!), I think it could have a very strong few weeks coming up. But currently trading into a gap between 17p and 21p. If it fills it and then 21p acts as support, think HEX could make a run for previous highs. That's if Trump doesn't fcuk it all up again with his tariff tantrums.

Oh, and the link to the interview I referenced below is https://www.youtube.com/watch?v=WrG_8n80wAU

It might help if I explain what my 4-6 months is based on. In today's interview MR is asked (at 3:25) what is happening with the DFS. He begins by saying that the DFS is in its "LATTER STAGES" and then gives an outline of the work required to complete it, which work he states is all being done in parallel. This work is drilling, assay testing, JORC resource, offtake work, design and infrastructure work for downstream facility.

He concludes (at 4:40) by saying: "I AM VERY CONFIDENT THAT IN THE NEXT COUPLE OF MONTHS WE CAN COMPLETE IT ALL AND SHOWCASE WHAT AN ABSOLUTELY WORLD CLASS DEPOSIT AND PROJECT THIS IS."

So all the remaining work will be completed over the coming months. Of course, it all then needs to be put together and fed into a DFS. Therefore, I think 4-6 months is reasonable, but appreciate that delays have been common with Bres.

But, here's the crux of it for me. Do I really care when Bres goes into production? The answer is NO, because I'm not buying the graphite. I'm not an offtaker but an investor. So what matters to me is when do I think Bres's share price will start to reflect its "world class" asset/potential and start to move up. For me, this turned primarily on the issue of funding the DFS, not its actual date of completion. The funding question has been resolved, and we have seen the instant impact of this. Going forward, it doesn't matter (to me) whether the DFS gets done in Q4 2025 or Q1 2026. What matters is whether between now and then, the share price is going to rise significantly regardless of which of these dates it is. With a clear financial runway, and all the newsflow enroute to the DFS being completed, I can't see the share price not going up significantly. Can't see it not reacting to world class drilling results, or a major JORC upgrade, offtake announcements and the like. But simply my opinion and as others keep pointing out, wtf do I know.

For chartists - whilst on the technical side, a lot of focus has rightly been on the 200MA, this level also co-incides with a gap on the chart. The gap formed between 17p and 21p, on 27 November 2024. The gap was caused by the results that were announced on that day.

So as well as closing the 200MA resistance, and turning it into support, we also have a gap fill scenario opening up here. Meaning that at some point during this move up, we will likely end up with the top of this gap forming a higher resistance, and then support level. Possibly. All imo and dyor

Thanks Isle for sharing that - this is what I thought might be situation and why I posed the question earlier about it.

When I say 4-6 months - that's for the full and final DFS, not the JORC. I would expect the JORC to land in Q3.

When I say funding, I mean for Stage One plant only, and not the eventual future bigger plant.

I raised the issue of timelines before. You are right to say that there is a delay with the overall DFS, but don't think it will be as long as 8 months. In fact, the drilling is about to conclude shortly, which MR confirmed in one of the interviews. Assays from the previous drilling have already been dispatched, and so they should come through shortly as well. What will take time is to feed them into the JORC upgrade and that into the DFS. I'm thinking 4-6 months myself.

I can't recall what the capex is for Stage One, but would assume that the full DFS is needed to secure it?

Much also depends on how much of the funding will already be lined up pending the DFS completion. You get some companies who only really start the funding (and offtake) process in a meaningful way after the DFS is complete, meaning it can take another year after the DFS to get the funding, even with MOUs in place. But I get the sense that's not going to happen here?

"it is quite amusing seeing peeps who predicted 20-30 p many months ago trying to take me down while sp heads to 9 p."

the truth is no one actually gives a monkeys about your average, but you keep coming on here like some kind of trading wizard and promoting your approach/average over others, with your hindsight (should that be hind****e?) buy and sell announcements.

if now, on a bit of scrutiny, you're going to clam up and not reveal what the current actual average is, then how can anyone take you and your trading methods seriously, and not think it's all bs?

Seingred - why reveal one average on here, but not the other? Even then, as Karl says, the average you are prepared to talk about is some bs obfuscation type average created by you to come across as performing better than you are. It's clear that you don't want to tell us your actual and current average, because it's nowhere near 3.7, and you can't then continue acting on here as if you are doing better than others (like Dr R), who genuinely have current averages at those levels.

You, my anonymous friend, should be a politician with the amount of spin and obfuscation we've just had from you about such a simple matter as what your current average is. Or maybe even the CEO of a dodgy AIM listed junior 😉

"With progress advancing across multiple workstreams we look forward to updating shareholders on further milestones in the coming weeks.”

So further newsflow expected in a matter of weeks.

It was trading around 5p before all the DFC uncertainty, so should at least return relatively quickly back into that sort of range.

Keep trying - I managed to squeeze another buy in after several attempts but it's gone back to can't get a quote!

Struggling to get a quote to buy across two platforms!

Excellent news. The next 0.75 million is also on its way. Time ti add more and let it all play out.

Another post placing play is GDR. I bought it last year after a placing and got 1.5 bags out of it as it was in the run up to NICE approval. This time round I’m not so sure it has such a news catalyst but once the placing overhang clears there might be a quick pump n dump spike in it.

If I wasn’t in it already, I would definitely be buying OMI at 9p. It is fully funded after a recent placing and has institutional investors in it. Risk is the same as with all explorers which is poor drilling results!

Never come across anyone who can’t tell what their current average is let alone a trading master wizard. That’s like not knowing how many shares you hold. Anyone here not know their current average or having to work it out.

How much money do you have in your bank account? Err dunno I have to work it out! Why not just check the account balance 😂

No offence Seingred but thats really quite waffly and evasive of you. You normally seem to be all over the calcs. Also you don’t need to calculate your average. Every stare trading platform will have it set out already. It’s simply how many shares do you currently hold and what is your current profit or loss on these shares. Another way to put it is you remember that part of your platform that once told you it was 3.7, what does it say now? I bet it’s far north of 3.7.