Member Info for Legalwolf

Couldn’t have asked for more. Explains the large trades that of recent days perhaps? Anyway it’s time to build a large position here and let it all play out. Bring on the next well.

Is this finally about to re-rate? GLA

I made it very clear in my so called ‘negative’ posts that I was very interested in holding Bres but didn’t want to get in ahead of a placing. Hence I didn’t buy even when it fell to 3p. I explained why I thought there would be a placing or risk thereof. Worryingly, so many LTH here argued vehemently against this - which proves that you should never base your decisions solely on what folk say on a bb.

As it happens, on this occasion I was right and there was indeed a placing. So after it was done, I was ready to start buying and did so. I now have a significant sub 3p holding. I will continue to add to it as and when it feels right to do so.

I really don’t see how anyone can take issue with the above and couldn’t care less either. I’ll do what is right for me and not some anonymous strangers on a chat board. Whether you like my posts or not isn’t going to matter one iota to whether and if so how much I’m going to make or lose here.

Anyway back to Bres, clearly, hearing MR say DFC payments are imminent and that Bres is fully funded for 2025 has unlocked buying sentiment here. Bres now has a decent financial runway ahead of it without the same worries as before. With what will now be mainly positive newsflow over the next few quarters, buyers at these lows can expect to make some decent returns. All imo and dyor

Some big buys gone through this morning already. Pressure slowly building. Are we finally seeing the start of this pre production re-rating of the share price into what look like will be a very positive set of initial results?

He’s trading- let him be. Will turn positive when the share price does.

Should get a nice and steady rise into results. 4.2 first stop.

Excellent update - looks like Viuda might also deliver the goods.

NT to buy at the very end.

Gold ETFs also doing well today. Is OMI getting ready to bounce off 10p with news incoming next week?

Gold is also bouncing back well today and has held its 50MA. If it continues to do so, it will mean that even with this consolidation, gold will remain well above $3000 and break to the upside again at some point. Exactly the right kind of backdrop for discoveries and JV deals.

Will it also signal the bottom of this consolidation for OMI.

I'm being quoted more to sell than to buy! Last time this happened (on another share), it preceded a big move up in the stock. Must need shares!

Buys showing as sells and actual spread is a lot tighter than the advertised spread. Will we see a real push up over the coming weeks and into pending test results?

This would be a major development if true. Any deal with a major is always a huge moment for a junior.

It could be any of the projects really - they are all attractive. Realistically, we can't progress them all, as we don't have the financial or the manpower to do so. So it makes sense for us to get some cash for one of the projects, and let the major free carry us on it. That cash can then be used to further progress our own projects.

We have been drilling at Pepas since November, and only just commenced at Pepas North - which is a much larger strike area. If we have hit gold at Pepas North (and the tweets suggest we have), then we are likely going to be tied up at Pepas for quite some time yet. Why not then allow a JV partner to crack on with El Cedro? Or El Pantano, where we also then avoid the minimum spend?

Not ruling out that the JV could be at Pepas! Might explain the looking at exploitation concepts tweet from BG. Maybe they have had interest from a major to expedite the Pepas project and take the gold to nearby facilities.

Well, looks like the pullback in recent weeks might now be breaking out into a resumption of the uptrend. If the results from the first well are positive, then should see this push on towards 20p.

DFC funds are coming in imminently according to MR and will leave Bres fully funded for all work programmes. That is great news and a relief. Also expecting an announcement re a UK offtaker, which I'm guessing is the new news that another poster alluded to earlier?

Explains the buys coming in.

I can also see this moving up steadily into drilling results and JORC expansion, hence why I bought in following the recent placing. I can't see a signficant JORC expansion getting a sleepy response from the market, but then this is Bres, so who knows. There might also be some catalysts before the drilling results, such as positive DFC news.

Will look to continue adding here as funds and portfolio circs allow. Wouldn't mind some more sub 3p, but looks like they are gone.

I don't know why we keep going around the same circle? I think we are pretty much all agreed that the company has a history of overpromising and under delivering. They might well do so again. However, those of us who remain optimistic do so with some caution. But we should all at least wait and see how they got on with the latest 'promise' that they made, which was as follows:

"It is anticipated that mining operations will re-commence in Pit 1 this month, where expected grades are 1-1.2 g/t, which with increased stacking and the continued improvement in leach kinetic rates is expected to facilitate the achievement of our production target over the coming months."

Now, if they haven't commenced at Pit 1 by now, then that will be game over for me. But if they have, and assuming that was sometime around the end of March to early April, then taking "over the coming months" from that point onwards, you would have to give it until June at least to see if they have once again overpromised and under delivered. The next RNS will give us a strong indication around this.

Could be weeks away from a belter or a stinker. Place your bets!

I get that, but every time I buy shares at well above my initial average, my overall average then goes up. Don't these laws of maths apply equally to all?

Just wondering how Seingred has an average of 4p, when he's been buying this all the way up according to his previous posts. Even if he has managed to catch the highs and low of the individual legs up, how comes his average has barely moved?

We know he's a bit of a trading wizard, but this is some next level kind of wizardly, which we should all be eager to learn?

Dr R - I doubt very many will realise those gains even if it gets to 20p, as they will have long since traded out most of their shares from the very start of this rise from 2p!

Seingred - just curious as to how you managed to keep an average of 4p? According to your posts, you've been buying and selling this all the way up, yet your average remains low. We know you are a trading wizard, but you must be buying and selling very paltry amounts to barely move your average?

Ask just gone up. Another decent day tomorrow and on similar volume, then we should be on our way for this next leg up. But only a matter of time now really.

Certainly price is tightening up with the last of the sub 4p slowly but surely being taken out. Bit more volume starting to come in as well.