Member Info for Legalwolf

Dodged one there. Suspect the PC deal if it ever gets signed will be distinctly under expectations. Another placing now likely needed.

""We continue to advance a number of our projects and today's fundraise will enable us to continue on this UPWARD trajectory." 😂😂😂

This is on for a big bounce. There's shares being scooped up at these bargain basement levels, and having cleared a lot of sellers on the way down, it will mean less of them on the way back up.

The shorters, and hence attacks, are getting more desperate, as they know that once GEX get the drilling permit in early December, and the CLC ratification, then there's no more FUD material left, nor will there be anything they can do to stop the surge of buyers.

So they have a limited amount of time left to try to continue to stall GEX, which also means we all have a limited amount of time to buy these cheap. All imo and dyor

Giving cheap warrants away unnecessarily has harmed trust and sentiment here. Sub 3p is entirely possible, especially given that the placing shares haven't even landed yet. All imo and dyor

Now that the bottom is in, all the FUD has been categorically and unequivocally addressed, buyers can and indeed will purchase this in comfort, and a lot of hesitant or side lined money will come pouring (back) in. We have also cleared a lot of sellers already during the move down, including the biggest of all, Milton.

Next week could well have us knocking at the placing price of 12.5p. All imo and GLA

Oh and Bid is now back into the 9s...

Great interview that. This is one of the hottest tickets in town and will move like a greyhound when it goes, especially with Milton out, meaning less selling on the way back up. The kind of stock that has and likely will again have days where it will move up a few pence in just trading session!

The FUDsters have provided a rare gift of an opportunity here for those who can see it. All imo and GLA

Think there is some spinning of the facts here. Looks to me that any "fully funded" position is reliant on the warrants being exercised, so that's £2.25 million of the "fully funded" DFS costs that are actually not guaranteed, and it's unrealistic to expect any or all of those to be exercised, or during the timescale needed.

So SI money (unlikely) or another capital raise is likely to be needed imho but dyor.

Looks very much like the end of the 8s today?

Clearly contradictory statements being made as to whether or not DFS is fully funded. How can it be if the total cost of it is £12 million which MR just reminded us in the interview? Nowhere in RNS or public interviews were the words “fully funded” used. In fact the opposite was said. So not sure how much weight, if any, I would put on private reassurance. I’ve had emails myself from the company saying they would not do discounted placings, and then they did.

The warrants are a free ride so it’s plain wrong and false to say retail are in the same position. We are not.

Finally, this SI must be stupid to be wanting to put money in at 5p without warrants, when the rest are getting 4p with warrants. It’s incredible to believe that they are still interested in doing that.

So until or unless Bres publicly and unambiguously say they are fully funded now for DFS, I would say there is a risk/likelihood of another raise during H1.

With Milton out, GEX confirming they are fully funded, no one listening to the FUD and big buys coming back in at these levels (bottoming process) all mean that GEX is on for a bounce back.

https://x.com/GeorginaEnergy/status/1854525478964506812

You utter Clown, no one is actually taking note of your bs. Can’t you see the buys going through which show that your FUD is not having any impact.

Come back with another account and try some new material. Maybe TW will come up with another article next week and you can regurgitate that for what good it will do.

Looks like we are setting up for a big move back up. Will be a lot of money coming into this as soon as this reversal is definitively established.

Are we getting ready for a Friday FOMO tomorrow?

Bid going up as well. Something must be brewing.

Milton only had 4 million as of 23 October and since then another 30 million or so have been traded. They will be out or close to, and so good time to buy in for what will be a rapid move up. GLA

Someone just paid 9p and I'm being quoted 8.7p for 30k. Something is brewing!

Get these sub 9p whilst you can. Once the bottom is clearly in and people can see that, expect this to move very quickly, especially with Milton out and potential short from MC and his crew to be squeezed as well. GLA

Someone just paid 9p and I'm being quoted 8.7p for 30k. Something is brewing!

Get these sub 9p whilst you can. Once the bottom is clearly in and people can see that, expect this to move very quickly, especially with Milton out and potential short from MC and his crew to be squeezed as well. GLA

Actually, anything above 8.4p is a buy. So the sells are not £40k and there are buys going through as well.

It's also clear that there certain posters on here are in cahoots with the false articles being peddled about GEX.

Likely got a short on, making we think whether we should all be contacting our brokers to instruct them that none of our shares should be used for shorting, and maybe GEX also need to take similar action? All imo and dyor

Why were the warrants needed when the placing was being funded by Directors and cornerstone institutional investor? Could they have not simply taken the discounted shares?

Only 111k out of 190k taken up in the retail offer. The DFS has taken far too long and now dilution and warrants will prevent any real share price appreciation. As I said previously, whilst people kept lauding Bres for the 5p raises, it was clearly putting a brake on the share price and now that the 5p institutional money is not available it’s back to discounted placings and warrants.

It doesn't state that Bres is now fully funded re DFS. What it states is as follows:

"With the Fundraise, Fee Shares, July Subscription, and DFC Grant, Blencowe has access to approximately £4 million and is well-capitalised to target DFS completion in H1 2025."

This doesn't mean fully funded, it just means Bres is on track to complete the DFS by H1 of 2025, which is another 3 months delay from the previously expected completion date (which in turn was 3 months behind it's previous completion date). The interview confirmed that current funding will take Bres a "significant" way towards completion of DFS, but more money will be needed to actually complete it.

Now, who's going to argue that any additional funding isn't going to come from another placing?