Member Info for Legalwolf

What a difference a few days makes hey Sloppy. Nothing better than a share price decline to bring home some reality and balance! Still better late than never I guess.

Yes it was PP that made me look into it, but the post of his that I read didn't go into details. I'll check out his other posts.

The chart is also looking pretty crap at the moment, but I guess that probably the best time to buy.

How imminent is this newsflow, whatever it is?

And we all know that no one admits to a placing or hints at one, just before they hit you with one. In fact, same thing happened at OMI, a share I am very positive on. Did a webinar saying how good it was to be a cashed up junior and then followed that up with a big capital raise 😂

I also remember thinking it had too many projects, too little cash to do anything with them, and it wasn't clear which project was the primary focus. So I didn't bother delving any deeper.

What is this Metlen angle as can't find anything about it?

That is true KR - it's definitely one to exit as soon as they open that well head, never mind waiting for the drilling and results! But it also depends on whether you have room in the pf for such a play, and I'm not currently sure that I do, or need the drama.

That's overly simplistic and there are other scenarios. The ones being debated are whether US funding might come with stipulations about working mainly or exclusively with US partners and offtakers, or its allies. That of course is absolutely fine and would be a good outcome for Bres, assuming it is viable. The point being, in answer to the original questions, that this might be why more offtake deals have not been announced, because the landscape that Bres is operating in is currently subject to Trump uncertainty, and so MR/DFC need to wait it out. All speculation of course.

But the share price hitting 3p is not good news or suggestive that all is well, remains on track and its a business as normal for Bres right now, does it? All imo and dyor

If you look at the daily chart, the current trading range is eerily similar to the trading range between Oct - Dec, and which resulted in a breakdown.

I watched the most recent crux interview. I think the weather stuff is all genuine. I remain a bit unsure about finances and don't know why the interviewer didn't just ask him straight up about needing a raise. Saying you have 20% contingency is not the same as saying you have no plans to raise. And if you use up your contingency, doesn't that mean you need more funds so that you continue to have contingency.

Other things that slightly concerned me was not really knowing whether the well will be amenable to re-entry, and he didn't make it sound like the permit is a shoo in either.

Yes a few weeks back - not put anything in it as was a bit put off by the number of shares in issue, not being sure what the near term drivers of growth are, and putting funds into GSCU, which is a copper and silver play.

I happen to agree with HarChris (and others). Even before Trump and his trade war with China, infact right when the DFC deal was announced, MR was asked even back then how the relationships would work and how the US would feel about the involvement of Chinese companies. Fast forward a couple of years to Trump, and these questions are even more acute. Look at how Trump is treating his very closest allies (Canada, UK, EU), nevermind an emerging rival power like China.

They are just about to go into a tariff war commencing on 2 April 2025 and minerals will be used as weapons in this war. In this current climate, there will be little to no appetite for China and US to work together in the minerals space. The DFC isn't going to be allowed to fund graphite going into China, nor is China going to allow its companies to help graphite go into the US.

The best hope is that Trump is bluffing over tariffs and using them as a negotiating ploy. That he will reverse track once the impact on the US economy becomes very clear to him and reach a trade agreement with China. But even that is going to take some time to play out. What Bres doesn't want is to be caught in between two big warring elephants! It has to side with whoever the Ugandan Govt will ultimately side with, should it come to that. And we know China/Russia hold greater influence on the African continent than the USA.

Yawn. These attacks are so boring and water of a duck's back. I've made my position very clear, namely, that I really like Bres, but don't like to get into a junior ahead of a likely fund raising, unless those raises are at higher levels. So no matter how good the project, and the junior market is built around exciting projects, if I think lower priced dilution is a likelihood, then I step aside and wait it out. Hence why i've discussed and debated the funding situation here, because nothing else matters more to me in terms of whether to buy in or not. It's not my fault that the funding situation is not clear and has created uncertainty. Nor is it my fault that Trump has come in and created uncertainty re the DFC, China, etc.

Too many of you sound like you have the need to spin a positive narrative all the time because it makes you feel better to do that, rather than confront the realities. One of those realities is why the hell all the attackers are not sweeping up all the stock at these lows if things are all so rosey as they would have us believe? If this is fully funded for the DFS, then how has it fallen back to its lows and buyers have not scooped up en masse?

Go on, you explain it. I'm all ears....

Go on, you explain it?

The share price didn't get near the placing price and is now back to where it was before the placing was announced. The placing was said to have been fully taken up in the first 48 hours, with institutions taking most of it. We are now heavily cashed up with some of the best acreage around. The gold price is north of 3000, with projections of it continuing to march north because of geopolitics and the need for a safe haven.

Overall, this is one of the best opportunities on AIM right now and the sky's the limit in terms of how high it might go from here. It's still a relatively small float, most stock is tightly held, institutions and HNW are buying in at 9p and will therefore support the share price on the way up.

We all know that the biggest ingredients to share price growth are to end up in a story stock situation with a project that produces world class holes, during a bull run in the underlying commodity, with a large financial runway ahead of you and the prospect of JVs at the end of it. We have ALL of this here and more.

I think we will easily outperform GGP because that moves like an elephant compared to OMI because of the size of the float. On big news days, MM are more likely to run out of float here, than they will over there. I also believe our story is unfolding and hence much more exciting, whereas GGP's has mostly been told by now. But it's not really a competition with GGP. We have our own pitch.

I think once we get confirmation that the placing has been closed, know the amounts raised and who from, this will start to climb back towards that 15p level just on that confirmation, as folk start to position themselves for what's coming up here in 2025. We also have ISA money coming into play in April, and where better to load up than OMI?

I can't emphasise enough the importance of the institutional money coming in here. I think that is going to be the single biggest cause of share price movement in response to exploration success. We will see days where the stock will go up significantly in just one trading session, and some weeks where we could easily do 50%+ on positive results.

Barring any calamity in the wider markets (which you can never rule out given current geopolitics), it's a case of strapping yourselves for what is likely to be one helluva ride here. I hope its a long ride with lots of exciting outcomes and crazy share price growth.

I think I need to lie down and calm down.

Looks very much like share price is ready to head north again. Looking good for a strong close this week. Remember folks, it's pretty much clear daylight on the chart above 4.7p, meaning that once we get there, we should trend very nicely upwards. As well as near term results, we have lots of newsflow to come from ongoing drilling. So plenty to sustain continued share price growth.

I suspect that the geopolitics and Trump have and are impacting on Bres's strategy. Previously, Bres was seemingly freer than it perhaps is now, to go for offtakers from China and the EU. However, the geopolitical landscape has likely changed, or become very uncertain right now, that Bres might be forced to either change direction, or wait before signing deals with further Chinese offtakers. It is possible that the DFC are advising Bres that it needs to move in a direction away from China in order to secure US funding, or to wait before signing anything with non US based entities. If China and US enter a trade/tariffs/minerals war, then it's hard to see how or why the DFC will fund a project that supplies the Chinese with critical minerals. That's not something that Trump will countenance. He's the type of person who could easily pull funding and then Bres is screwed.

Equally, what is/would be the approach of the AFC? Are they geopolitically neutral? If not, does China have any or more influence over the AFC than the US? Then you have to throw into the mix the allegiances of the Ugandan Govt. Who would they pick if it came to it between US or China? We know very well how countries like China and Russia exercise their influence for minerals in Africa, and the impact that has had on western companies.

Therefore, all this uncertainty might well be impacting Bres. Whichever way the above mentioned trade war goes, it's going to take some time to play out. The tariffs on China don't come into effect until next month. Will Trump push them back? Is he just bluffing to get a better trade deal with China? What will be the eventual outcome?

Best case scenario would be for US/China to reach an agreement that leaves Bres free to deal with both parties. However, it's just a case of how long it's going to take for all this to play out. Arguably, it couldn't have come at a worse time for Bres.

No motive, just debating whether there's a fund raise coming up here and hence whether it's best to wait for it to be completed? Personally, I feel that if there is to be one, it needs to be for an amount that leaves Bres unquestionably and unequivocally fully funded for the DFS. Otherwise, the share price will just struggle once more if a further raise will be needed after this next one.

Currently at 9976. As I said before, next RNS is likely to land with copper above 10k. Should bring a lot of interest with it towards GSCU.

We might be at cross purposes, I was not referring to GSCU's shares in issue, but SML's.

Well, it's seemingly headed to 3p at the moment. Not a good sign on a day when a positive RNS was issued. IF a placing is the reason for this drop, then best to just get it out of the way, so the market can then look forward without any such concerns. Hopefully it will be the last one before DFS completion and will also see Bres through to project financing etc. That might mean raising a couple of million quid though.

The update that is needed is whether or not drilling has commenced. If it has NOT commenced, then clearly there is a problem and all this other stuff matters little imho.

According to LSE, it has 2.02 billion.

Talking about speculation, interesting discussion and speculation by Kilcona over on the Canadian board, about management targetting a deeper source at Pepas and becoming a bit coy of late.

I think if this rumour of management and their friends coming in for $1 million is true, then there might well be something in this speculation, although it does seem a bit wrong in a way that 'friends and family' are given the opportunity to load up just before a major deeper discovery? But Dynamic increasing its holding is also 'interesting' because they will have been in contact with management ever since their initial investment, and for them to be putting in a much larger chunk at 9p off the back of recent drilling activity and discussions with management is all pointing towards something major afoot, or at least their very high degree of confidence in what lies ahead for OMI.

But all good for us shareholders if they are indeed about to vector into a deeper source of the mineralisation at PEPAS. If the mineralised zones at surface are high grade, imagine what the grades at any such deeper source will be?