Member Info for Legalwolf

Orange - where did i spin anything? Why don't you keep trolling with Element!

I think we had resistance at 8.7p during the previous leg up? If we can once again clear this level, then hopefully that will signal end of this correction and resumption of the uptrend.

Great to see OMI active across mulitple projects - unlike most juniors, who just sit on and spin projects, we are the real deal when it comes to actual and active exploration. This should make for some really exciting newsflow coming up here on El P, Grand Pepas, Apta and El Cedro over the coming weeks and months.

I'm hoping this weekend's face to face ceasefire talks will be successful and the markets will return to bullish mode. Think Trump will get his new Fed Chair to adopt a really doveish policy and inject lots of QE into the system, to try to boost the stock market ahead of his mid terms in November. He has to do something to boost his low ratings.

Here, I think we just need a strong trading session resulting in a decent bullish green candle to trigger the next move up. Trading at the lows just ahead of a market turn, as well as a lengthy and potentially awesome period of newsflow, is a great setup for such a candle to emerge! All imo and GLA

In normal circs, I might concur, but we have to acknowledge that the whole market has sufferred a correction, and not just BRES. Therefore, I am not sure we can read too much into the current price action, both the drop and the lack of a significant bounce, as they are as likely to be down to the subdued market conditions than anything to do with BRES, let alone its financing situation. I say this because this lack of bounce is also the case with many companies right now.

I also think that many juniors - wisely imho - won't be in a rush to release newsflow right now. I'd prefer to see a real bounce in the wider market with big money returning to the bid, before we get the next RNS here. This might need another week or so for the market to feel greater confidence in the ceasefire and reopening of the strait - both of which are still under question. Hopefully these DIRECT peace talks between the US and Iran over the weekend will be successful, triggering a full re-opening of the strait and confidence that the war (or at least the worst of it) is now indeed over, giving the market the bounce it needs. BRES can then drop the next RNS, maybe the week after?

Once we get the bounce, sentiment will return to normal and we will all be talking once more about another big JORC upgrade and a big financing deal being around the corner. All imo and GLA

I think as the ceasefire holds and the strait is reopened without issues, confidence and sentiment will return to the market, which should impact here as well, with or without news. As for news, I'd rather it drops much later in the month when sentiment is much stronger and we can capitalise fully on the news. I still think any RNS dropped now might be impacted by war jitters.

At the moment, we seem to have some stubborn resistance at this level and around the 200MA. Need to overcome it, before the next leg up. I think a strong day in the wider market and we should be able to do it.

Q2 is the most significant quarter coming up for BRES! Recent troubles will only heighten the need and sense that the US has to secure ex China supply of critical resources. Also, that Europe needs not only ex China, but also ex US supply.

Q2 should be the quarter where Orom Cross gets snapped up and we get a massive inflection point? I also suspect that with his own Fed Chair in place by May, the Trump administration will inject some massive QE into the market and other catalysts, to put the market into the best shape possible shape going into the mid terms?

Let's hope all the above is correct and it results in a mega deal for BRES and an equally mega re-rate!

As well as exploration success on the field, we also need the market at our backs. Signs that the market will now turn more bullish following the ceasefire and drop in oil prices.

We are at the beginning of this exploration ramp up and trading at the very lows. Let's see what happens over the coming weeks and months, but you would think that market being well, there is definitely some significant upside to be had from 19p.

Releasing newsflow right would be a complete waste unless you are an energy stock. The market has been correcting due to the war. So lack of newsflow might turn out to be a blessing in disguise if it ends up being released when sentiment is much stronger. Pretty much all stocks are down on my watchlist except the Helium ones, and I suspect most have been wisely holding back on their RNS just now. However, there are signs that the market be bottoming and ready to reverse on the war coming to an end this month. What happens to gold remains to be seen but many are predicting a bullish macro environment for it due to the impact of the war. But let's see.

Whether by accident or design, i'm glad we haven't had RNS in recent weeks because they would likely have had minimal impact and gone to waste. But hopefully this is all about to change! Will APTA lead the fightback here?

Moreover, 8p is silly cheap. It's a 50% gain just to get back to 12p! Easy money if the market gets the bounce!

Let's see - decent buying volume came in on the low, and it's now made a higher low. As we approach the end of the war and into bullish newsflow, with a lot of sellers/weaker hands out, the bounce should continue. But let's see!

Some think the market will bounce on being given a timeline for the end of the war. Don't be surprised if this is in the 8s very shortly as the market often moves on anticipation.

"Like Pepas then, we are going back to basics - confirm previous work, understand what we are dealing with, and then move out in smaller steps."

Just as I thought and hoped for, they are going for the existing deposits first before stepping out. Meaning we should get some fantastic drilling results coming up here, and hopefully by the time they land, the war will be over and the market will be stronger!

I'd argue that the drilling results have moved the needle - we hit 12p and momentum was strong. Then the war started and most juniors took a hit - and no doubt some have wisely decided to hold back newsflow.

Fantastic value down here getting the 7p shares before the fresh ISA money comes in.

The drop is not a problem for me. I believe it will easily be chewed back up once sentiment returns to the market. The issue is the war and whether that will end shortly and in a way that is deemed as 'damage limitation' by the markets - essentially an end to any risk of a global oil crisis. If so, then V shaped recovery is what I would be hoping for. All nicely timed for fresh ISA allowances.

Re the drop - I don't think there will be too many shares available at this level pending any outcome to the war.

It's purely down to the war - nothing else imho. Market wants to see if these so called talks lead to a ceasefire and we avoid a long drawn out war. I think the market is still functioning okay because money does seem to be rotating into energy stocks. For example, the Helium stocks have caught a bid, and so have some goldies on gold bouncing. So no crash at present, just a correction!

Secondly, Trump's initial tweets from over a week ago were causing a positive reaction in the market. But now it's all less convincing as he just seems to be making it up as he goes along, and the messaging from him and the rest of his administration is inconsistent and unconvincing.

Therefore, the first credible sign that there are actual peace talks taking place with participation from both sides, and it will be interesting to see the market reaction.

I agree - hopefully, the war won't go much beyond April 6 and we then get a strong bounce. If so, could be a great buying or top up opportunity this week!

Not enough people filtered him and ruined the bb in the process. Looks like the bottom is now firmly in and with pretty much all major sellers likely out now, we can look forward to the share price fighting back during what should be a strong macro environment for gold.

There's been loads of 50k trades at these levels - trademark of the big boys! As long as there's negativity on here, you can be sure there's accumulation going on as well.