Member Info for Legalwolf

Could be a big week coming up here. GLA

As I understand it, BRES will be getting a 10 year exemption from corporate tax, under the Free Trade Zone Licence (FTZL). If so, this should more than offset any free carry stake and royalties payable to the Ugandan Govt?

A deal with the DFC will also remove jurisdictional risk, in that America will no doubt be protecting its interests in Africa - otherwise no point in DFC funding all these projects in Africa.

Yes - keep forgetting that BRES is not AIM listed.

Re funding only P1, can anyone explain how this model might work? What would P1 funder(s) pay for and get, vs P2 funder(s) coming in at a later stage? Presumably P1 funder(s) will want a slice of the P2 cake?

I think people are not factoring into this discussion, or enough, the difference between investing into it and swing trading it. It's a great share for either approach, or a combination. Also, this is not an exercise in synchronised swimming. None of us are in the exact same position as anyone else and so we shouldn't have the same views. Even amongst LTH, there will be different situations. As I have said before, if you are going to be a LTH, which basically means investor, you really need to have strong conviction and a strong stomach. This means the ability to sit through 50% retracements (sometimes larger) and months of watching paint dry. You also have to sit through wider market events, and if you post on BB, you have to endure the negative views on them and trolling. These only matter if persuasive enough for you to question or change your own.

This my longest ever hold on AIM. It's rare for me to hold any share for this long and through multiple retracements. I was recently sitting on 15 bags when it hit 40p (from my initial buy). I was NOT tempted to sell and feel relatively relaxed by yet another big retracement. No sickening feelings of "if only..."

I am actually surprised at myself. I think the reasons for why I am feeling relaxed are basically threefold

1) We are very early into the story here and the £13 million spend.

2) We are trading in the normal zone for OMI, with 40s representating the top end of this zone.

3) The uptrend remains in tact.

This all means that I am confident there is more than enough newsflow to come here to take us back to the top of this normal zone. I appreciate that there is NO guarantee of this, but I consider upside from these levels to be highly likely given the intended operational activity. There are multiple events that are likely to occur here, or could occur, that will generate this upside. Some might only put a few pennies on the share price, others a lot more, but collectively they ought to get us back to 41p and hopefully beyond.

It won't take much for fomo to re-appear here. And after a sell off, it won't take too much for higher floors to be set, and give us another platform for a move up. This is just MY analysis and doesn't have to be yours. But don't listen to nonsense on here, whether rampy or negative from personal agendas.

Oooh, there is a bit of a feeling in the air that things are brewing here folks. The BOD have clearly positioned themselves for it. We have also had our highest weekly close, and the first in the 9s, in 5 years! Looking also at the size of some of the trades, it does like final positions are being taken now below the big breakout level. At this rate, next week will be the last chance to buy in or top up with any size in the lower 9s.

IF it is the DFC that are closing in, what an amazing moment that will be for BRES, to have an American institution - an agency of the Federal Govt no less - being the cornerstone investor. That will be one of the biggest announcements ever on AIM.

It has been circa 5 years that BRES has been building a base on the chart. Now all that preparation, and pent up energy looks like it is finally about to be released on the chart. Just look at huge volume surge over the last few quarters. It's been non stop and is likely to go even higher in the coming months.

So hold onto your shares - add whatever you can at this pre-breakout level next week - they might well be about to go on a multibagging run.

Final Call for Flight BRES?

If a deal is imminent then they have to act now. Don’t think anyone is going to care much about this when news lands.

Rumours in Perth, Mike confirmed to be returning to Washington, today’s decent buys and now this RNS.

Something might well be brewing and looks like shares are being taken up in anticipation of it.

Does this signal that funding must be imminent if the Directors have loaded up on condition of it. If so, is it the DFC?

Last chance to get decent size below 9.2p?

Decent buys coming in. Could be a strong day this the way it’s going. GLA

You just never know and could be an interesting day today. We are just one strong session away from making new highs.

Good to see more stock being taken up in the upper 8s. Can't be too much more left in the 8s, and hence too long left now before we are firmly in the 9s. Then we are in the pre-breakout level!

Then what happens? It only takes one trading session and before you know it, we're off to the races.

"Out of interest, we know when you exited this stock, but have you already confirmed when you "entered" the stock, so we can see just how long you suffered through all these misrepresentations and divisive posts. Or is this suddenly "none of our business".

It's a very simple question for you. You were willing to post your exit to prove your point, are you now prepared to prove when you entered the stock, so we can see for ourselves how long you were actually in OMI and suffered in silence.

If not, then I would say your game is just about up here.

We have to be VERY happy with the way things are going when you consider just how much supply there has been. It's not just the warrants - they have dominated the discussion, but we mustn't forget that RAB and JAN also sold their original holdings. This is one top of all the usual supply that comes from profit taking etc. Collectivelly, you are talking 10s of millions of shares sold into the rise, and may upwards of 100 million! Then you throw a placing into the mix, the largest the company has ever done!

This amount of shares/supply, and these circs, would have sunk most shares. But BRES has absorbed it and is trading near its all time highs. This is because of the huge DEMAND that has also come in, and the huge expectations of an imminent re-rate which continues to draw in the buyers.

Therefore, not only should we be incredibly impressed by the stock's very powerful performance, we should be applauding it, and licking our lips as to what might be about to happen here. If it can reclaim its all time highs despite all the aforementioned, what will it do when that supply dries up and the big ticket items of newsflow start landing.

I think we have a dream setup emerging here, with the stock trading just under it's major breakout level, heading into some major newsflow and fresh ISA money coming into play in April. All imo and GLA

"I became a regular poster Legalwolf because I became increasingly annoyed by the companies misrepresentations - I have friends who were losing a lot more money than I have. And subsequently, I became rather annoyed by the numerous divisive and personal character attacks on here by various posters."

That's utter bs. I repeat, utter bs. Complete twaddle. Such a pathetically weak explanation.

Do you seriously, like seriously, expect anyone to believe this?

That someone with SO much to say about the company, just kept quiet all the time he was actually in the stock, and then once he exited his position, suddenly couldn't take the 'injustices' anymore and decided to go into turbo charged negativity. That is simply ridiculous, and you know it, we all know it.

And now the indignation - "I will post when I like" - how often do we also get this from cleverly disguised de-rampers.

Out of interest, we know when you exited this stock, but have you already confirmed when you "entered" the stock, so we can see just how long you suffered through all these misrepresentations and divisive posts. Or is this suddenly "none of our business".

I agree and also some really good posts from Orange and MeM as well earlier. I also think another reason people get wound up on here is basically their own psychology. If you are in the stock, you feel you need to defend it from attack. Often more so when the stock is retracing, because that's usually when the attacks are strongest.

People post with all sorts of motivations. At one extreme you have the pure trolls and fudsters (Tungsten is an easy to identify recent example of such, Bhargav and Johnstoneo are other examples). You also get people who are posting around their trading, being positive when they are in, and switching to negative when they are out.

Is Element an example of such a poster? It looks like it was only after he bailed out of his position that he has suddenly become a regular poster on here, pointing out all sorts of negatives. This behaviour is highly suspicious, and those defending him, might want to explain to us why all these negatives were not being as vociferously or regularly shared on here when he was in the stock? I believe he is bashing the stock now having exited for his own personal reasons - they might be trading related, or they might be even more personal in terms of his own psychology i.e. needing the stock to fail now having bailed out. Post trade confirmation bias.

50% is actually normal for OMI. For example, this time last year, it fell from 15p and eventually landed at 7p. There will no doubt be other examples from the past as well. Many say that 50% is actually the most common retracement. It is a key level to watch in technical analysis and is often added to fib numbers (for those that use them).

So let's not overreact. When key levels break, that's the time to get animated. No where near that right now!

Not surprised - there can't be very long now to accumulate. As I said before, once all shares are taken up below the 9s, the next level is basically the breakout!

That was meant to read "mean".

Furthermore, why have you only started posting excessively around your recent trading? Why did this share not cause you to post so much when you were in it? Your approach and the timing of your posting on here, all smell of someone probably talking the stock down based on having exited it, degree or no degree. Do you have one in good ethics?

Having a geology degree does not been you are unbiased, or protected from bias. It does prevent one from taking an overly positive view when in, or an overly negative view when out. What is the basis for the claim that management have misled? I've never regarded BG as someone who spins - quite the oppposite he usually pours water over getting too carried away. For example, they were asked if they already had a discovery at El P - their response was not to spin the possibility, or to start talking about the possibiiliy, but a clear "no" and not to get ahead of ourselves. BG often talks about the risks of exploration and the low odds.

Based on that logic, the price should never have hit 41p, but it did. This is what happens with explorers. It's about discovery and potential. Even when a discovery is made, it's then 'how big could it be', 'will there be others nearby', etc, etc. This is what drives sentiment with explorers.

For investors/traders, when the price hits our target price, who cares whether it's a fair price or not. If 41p was my exit target price, and I bailed out, would I be sitting here caring whether it was fair mcap or not? Would I heckers. I'd be saying 'this is exactly why I chose to invest in this explorer'.

People don't focus on the important stuff and keep their eye on the ball. Even traders, in fact particularly traders, don't care about fair value, they just act on what the share price is actually doing, and where it is likely to end up.

FOMO doesn't stop and then do calculations in the middle of a move. It's more impulsive, greed driven