Member Info for Legalwolf

I can't see OMI switching focus to Argentina. They need to conserve the little cash they have and it seems too late now to switch focus away from Anza. Moreover, if they did switch focus, it would mean bad news re Anza, and that would hit the share price, and so wouldn't be a good outcome at all.

Next week's update will be key. The lack of tweets and response to emails doesn't leave me feeling confident, and I suspect it's going to be bad news again. All imo and dyor

Yes it's not a binary 'will they get the project or won't they' scenario. There's the issue of at what cost they will get the project, in terms of the dilution for shareholders the longer this goes on. The £500k from the last raise will have been spent by now. So it's a case of will any joy from getting the project be short lived because it will be accompanied with a low ball raise because it's taken SO long!

Thanks for the response Jimmy.

Should all come pouring into here at some point, which is why it makes sense to load up before the Helium herd arrives en masse. Both HEX and HE1 will have had their (inevitable?) sells offs well before GEX starts drilling.

Is there a reason for not flowing testing all of the relevant intervals, especially given that they are using this drilling to inform future decision making about production. Is it a cost consideration, or it more a case of not needing to test all the intervals because they will give the same flow rates? Apologies but very much a novice when it comes to O&G and understanding the technical side of things.

Cracking presentation and hope they do take action against the accusations. But it's presented a buying opportunity as these prices are a steal with the newsflow coming up here just on Hussar alone. Will just keep adding at these levels whilst they are available as I expect this to build back from here over the coming weeks. Been impressed with the BOD each time I have heard them speak about the project. GLA

If we get another delay email next week and without any specifics, this will head back down to 2p.

That probably suggests good news is on the way. Maybe they have had success with one of the EWT intervals?

Has anyone had email comms with BG? He seems to be selective in when and who he responds to. Seeing as it's the only snippets of information we have, does someone mind sharing what they are being told about this deal and its currently anticipated timescale?

Where can we watch the presentation - does anyone have a link to it?

I agree re HE1 - if you have waited until now to buy in, you might as well wait for results. Same with HEX.

Situation is developing nicely for KAV at both Zim and KCB. Very excited to see what results will show during the rest of this year and beyond.

It's a great way of making money. List a company, overhype its project, get the market to pay for its exploration and your wages. Get paid very well for several years, spending no more than a couple of hours each week doing any actual work. Load yourself up with bonuses and cheap options. Pass on insider knowledge to family and friends, or trade yourself through third parties. Win regardless of whether or not the project proves to live up with the hype. Rinse and repeat, and get yourself on the BOD of few different companies and you are laughing your way to early retirement.

Maybe we should all setup a company and list it. Does anyone have a massive back garden which we can hype up as a potential mineral resource deposit?

It's not that complicated. I have mainly posted on here in response to the debate/questions about why this is not re-rating and why the share price is struggling. Bres is a company that I closely follow. At present, it is my view (and that of some others) that it's to do with the SI financing issue. Financing is often the explanation with a lot of junior resource companies. It's not a de-ramp - the lower entry is here, but I'm not taking it, because I'm unsure the timing is right.

The share price will go where ever the market takes it, regardless of what I think. I'm not naïve/silly enough to think that I can have any influence over that with negative opinions.

Re OMI, I did take on board the negative views of LTH at OMI about the trustworthiness of the BOD, and when the timing was right, I sold my holding afterwards. Luckily it turned out to be the correct decision. It stands to reason that since selling out, I've been negative because the promised progress has still not been made, and I was partially taken in by their bs about it.

The junior resource space is a rollercoaster, so views often do and indeed should change. I often change my mind. I haven't changed my overall view about Bres, it is progressing well, has a LOT of potential, and when the timing seems right to me, I might buy back in. Anyway, the main thing is that you are comfortable with your own holding and overall thesis on Bres. I am sure your patience will be rewarded in the end, regardless of the movements in the share price and BB discussion in the interim, whether positive or negative. GLA

I don't think it's unrealistic to expect that the entire licence area might end up being worth more than a billion. They are looking to double the existing resource to give an NPV of £500 million, and the existing resource covers only a small part of the total licence area. I would expect CMET to start drilling these other licences in 2025 and beyond, once they have (hopefully) progressed production.

Lol - now being told off for offering "opinion" on a discussion board for shares 🤣

If all is so great and promising here, why aren't any of you buying shares? If you are to be believed, the current price must be a steal, so how comes the buying has just dried up? I've simply suggested - as have others btw - that its down to the financing, which is hardly an outlandish opinion to hold. Financing is always a big de-risking factor for the market. Don't see why this is difficult to grasp or regarded as a controversial opinion. Research has nothing to do with it. It will merely confirm that at present, there is an issue with the SI financing and a funding gap for the DFS.

Of course Bres has a decent CEO and the project looks great. It will/should come good in time. I don't take issue with that and hence why I remain interested in Bres. But in my OPINION, this time isn't going to come until the SI (or alternative) financing is over the line. (It might arrive beforehand on drilling newsflow, but at present we don't know when Bres will be drilling so this is a moot point). But each to their own opinion.

PS: As for OMI, you are (again) totally incorrect - I DID listen to the warnings about the CEO on the BB and sold my shares a few months ago (as it happens for a very healthy profit). I just don't need to make a song and dance about it.

As an example of the improved relationship and co-operation, this was from the RNS from two weeks ago:

"Following confirmation earlier this year that the GSMB intends to process the Company's outstanding Industrial Mining Licence ("IML") applications, the GSMB recently granted an extension for the Company to satisfy the conditions of the outstanding applications. Capital Metals is working closely with the GSMB to have the applications approved to grant additional IMLs over the resources contained in the entire 47km2 EL168 northern area of the Project."

"On yesterday's announcement, I cannot fathom why they agreed to delay the drilling - given what the company has gone through the last few years..."

The answer has actually been provided in the RNS.

"While we are entitled to proceed immediately, given the much improved and productive relationship with the GSMB, the Company believes it is in its interests to demonstrate goodwill and acquiesce to the department's request for a short postponement."

We can debate why GSMB made the request, but once made, given that it was a short postponement and a sound reason was given for it, then no sensible BOD is going to ignore it and press ahead, not after the improved relationship and co-operation CMET have been receiving and need from the SL authorities going forward - not forgetting that the GSMB is currently processing IML applications for us?

Let's not beat around the bush. Yes, most of us are still here because we see potential in OMI. However, by raising concerns, it doesn't mean we are de-ramping this. Just look at the trading activity - no one is buying, which demonstrates that the concerns are real and genuine. The last RNS gives little hope of a speedy resolution to this, in fact quit the opposite, when you consider the following lines from it:

"the parties continue to work in good faith on the finalisation of the share purchase agreement and the negotiation of ancillary agreements that form the basis of the transaction as well as seeking regulatory approval from the TSXV."

"... the finer details of the transaction have proven more complex than initially anticipated and have unfortunately resulted in substantial delays to completion. All parties are working in good faith to resolve these issues and complete the transaction."

So every reason to believe that this isn't going to get resolved in a matter of weeks. Given this and the money that this must all be costing (professional fees to lawyers, accountants, etc), then the concern about dilution is also a very real and valid one. A great shame given where POG is! All imho and dyor

I agree and have made similar points on here. Bres isn't and indeed can't re-rate until the market knows whether and at what price the SI financing or its replacement is going to be concluded at. It's 6 months on from the original announcement and at some point, you would be concerned that this delay in getting the financing over the line is going to delay the completion of the DFS, especially once the final tranche of DFC money is used up. Given that the DFS is not scheduled for completion in Q1 2025 as it is (which timescale looks very optimistic to me given the work that remains to be done, but let's take it at face value) you don't want further delays to it.

The SI might be willing to come in at 5p or higher (again the proof will be in the pudding, but rather academic right now as the share price is below 5p), but there is no guarantee that any alternative financiers will be prepared to be so generous if the SI has fallen through. Is there a risk that Bres's hand might be forced here in having to dilute at a lower share price or delay the completion of the DFS whilst seeking alternative and better financing terms?

So uncertainty and risk here until it's not, despite what many on here might argue to the contrary. All imho and dyor