Member Info for Legalwolf

4.5p is only a matter of time. Decent buying volume has come in today and we have reversed the recent downtrend. It's only Tuesday and we have plenty of time to consolidate 4.5p. We are not that far away from it now. If you look at the chart, all we need is a strong hour and we hit 4.5p. Once that is consolidated, the sentiment will then start to shift towards that 5p level. We have cleared a lot of sellers already, and so the next move up should have less resistance.

Very few shares are going to move as well as this over the coming days imho but dyor. GLA

My motive is straightforward and it is to make money, and not have money tied up in a share that is going to be pegged at 4p to 6p because it keeps raising at 5p. The raising is of course necessary, but the direct consequence of this for retail investors is that they won't make any money by holding this until or unless the handbrakes come off from either some newsflow that isn't already baked into the share price, or concluding the last of the raises at 5p. Both are unlikely at present.

No AIM share that forward announces a placing, or where the market gets wind of a raise coming, goes up before that raise is concluded. The fact that the raise is with retail or institutions, or both, doesn't matter. It's the fact that in the coming months, there is likely to be a RNS announcing a fund raise (in this case with the SI) at 5p, which is what matters.

Having money tied up here represents a big opportunity cost imho. There are lots of AIM shares that are making moves at the moment, but Bres isn't one of them. I don't think it's going to be one of them until it gets the last of its 5p raises concluded. All imo and dyor

4.5p will become the new support by close of play today. Then we have the rest of the week to make a big push past 4.9p and into the 5s. Looking very strong again this. GLA

I think we will consolidate 4.5p at least today. Then we are lined up perfectly to attack the recent high of 4.9p. Another one of those add on the way up big moves. GLA

Looks like we are off to the races again. Will take out 4.5p and then 4.9p for sure. GLA

I've just added some more at 3p. I think 3p is the floor to build from and is a steal for what's coming up here. Wouldn't be surprised to see this finish blue today.

Spread is now very tight. On the upside, 4p will be the new support level I think, and then setup a move to 4.5p.

Looks poised to breakout towards 4.5p level. I've just topped up.

I agree - just placing churn and resistance at 3.3p. Once the shares at these levels get soaked up, then this should retest 3.3p. So just get what you can at the current levels. There's too much newsflow and activity coming up here for this not to re-rate during it.

A lot of the sellers will be out already from the move down. So this is shaping up for a retest 4.9p. GLA

NT to buy!

Bid gone up, getting ready to breakout. GLA

It's excellent news, especially the bit about concluding the agreement with PC. Should be all systems go.

Let's not engage with trolls today, or tomorrow, or the day after. Let's just all basque in the glory, positivity and share price re-rate that this news is going to bring. GLA

This should bag from here on just the workover newsflow that we get over the coming months. Then confirmation of a successful deal with PC, commencement of production at Heron 1, and details of drilling at Heron 2 and Gobi, will easily take it into double figures.

Fully cashed up and will also be announcing the new projects.

Looks like many of derampers have bought back in following yesterday's strong bounce. That should put a stop to the dowmmove and give us all a floor to buy/add from. Hopefully this will quickly move back up through the gears. GLA

Those are all fair points, but until this raising at 5p is over, I don't expect to see the share price performing much differently to how it has in the last few years, namely, ranging around 5p. It's unrealistic to expect it to do otherwise, or that some of these 'investors' won't sell for a quick profit. We have often wondered who the large seller(s) are here that keep selling in blocks.

MR has obviously done well to put this latest funding together after the delay with the SI funding, but now needs to ensure that the SI raise at 5p goes through as quickly as possible. Confirmation that this SI funding will cover the remaining DFS costs will also be welcome, so that the 5p handbrake on the share price can finally be removed. All imo and dyor

Explains the big buys coming in yesterday. Expect more of them today. GLA

Everytime you come on here with your pointless deramps the share price goes up. Did you not see the large buys coming in yesterday in the 1.5s. This is an excellent start from KAV and they are on the verge of a transformational discovery.

Incredible RNS. Exactly what we wanted. Well done Master. Time to load up here. GLA