Member Info for Legalwolf

In a nutshell, we have the MRE in the bag, and now its exploration ramp up across a fantastic set of projects where we can all look forward to the prospect of making further discoveries and bagging a 1-3 million ounce MRE at APTA.

EXPLORATION RAMP UP = GAME ON!

I don't think there's a single LTH who believes that Pepas can and will be funded to production from current cash reserves. That's ridiculous, whether the capex is $16 million, or much higher than this. I really don't think it's anything we need to worry about right now for the following reasons:

1) We are still VERY early into the project and some way off production.

2) We don't know what the costs and economics of the project will be. We won't know these until:

a) OMI complete their studies into this.

b) We know whether OMI has found any more Pepas's and if so how big!

3) We don't know what kind of company OMI will be in 2 years' time. Will it have major discoveries? Will it have a JV partner? What will be its share price? etc

4) We don't know whether and what suitors there might be for the project.

So I think all this talk is premature. All we need to be thankful for is that we now have our first MRE in the bag, it is very high grade and will generate lots of cash for us at low capex. Further, that we can now focus on making it an even bigger and better project by finding the next Pepas! Knowing that if we do find another Pepas, then BOOM!

The actual inside spread is much tighter than the advertised spread. Games!

Yes that’s what I was thinking Mark - stock might be drying up?

If we get a strong close today then we should be ready to start sweeping up the stock between 8.5p and 9p next.

More Pratman based on his analysis!

They had a lot of interest and that was before the fantastic DFS. MR made clear that no offers would be entertained until they had established the value of the UPSIDE aswell. The upgraded JORC will go someways towards helping to establish that. With multiple parties interested in funding, it would be expected that some might be interested in a sale - either outright or a decent stake.

Lucky for those scooping up. Can’t imagine these prices being around for long especially with the newsflow expected here shortly.

Guys let him be. He has shafted himself with his £5 million truck nonsense and now claiming OMI need to raise when they are cashed up to £13 million. That shows his intention is to just be negative and say whatever in support of that.

The best thing is to disengage from them. At some point today Tungy will be back and talking his carp, what you going to do then, engage in more pointless arguing and clog up the bb even more for no good?

Come on folks, we are potentially very close to a significant rerate and so should all be feeling very good on here and not arguing. Whether sale or production, BRES is in a fantastic situation and hopefully on the verge of breaking out.

Folks it is best to just disengage from this lot. They are not here to have a genuine discussion about the pros and cons of OMI. They are here simply to peddle negativity and clog up the bb with endless discussion about their fud.

This can only be done when the share price has retraced and that is why most of these fudsters have appeared now.

We know what we have here and don’t need to repeatedly remind fudsters who have no interest in listening to it anyway.

So just ignore and be confident in what we have here. An amazing opportunity and add on weakness.

Ignore the noise from these vermin.

Yes, and unlike most other companies inc JAN, we have £13 million for this exploration ramp up across these great projects. Who knows what they will find, where and when. But you don’t have to worry about dilution. You just sit back, let the story unfold and add on weakness when others are fearful or when the deramp crew are out in full force trying to fud you out of your shares so that they can get them instead.

Absolutely right mrdigit - their continued presence and every post here is probably the most clearest sign of all that we will get a powerful reversal here.

That's 47 de-ramps from you on a share you have had no previous interest in and have never held. Interesting!

They have to rely on falsities to make their case. Tells you everything you need to know.

Meanwhile, cheeky antics dropping the price in the last 15 mins on relatively small volume. That's manipulation for you! Greedy effers obviously want to scoop more shares below 25p before letting it go again.

First GGP, then JAN (and before then, we've had WSBN, ORR, etc) - it's clear that folk see OMI as some kind of worthy rival that they feel their goldies need to better. I dunno about the rest of you, but I'm taking all this false comparisons as a really big compliment and vindication. It seems that everyone wants to be better than OMI.

Well, perhaps when you 13 bag, you might well be better than OMI - although by then OMI might have set the bar at 20 bags. But until then, in footballing terms, OMI is sitting pretty at the top of the league table, still with a healthy10 points advantage over the nearest rival, even with this week's dramatic but temporary blip in form.

Five - the way this is cooking, it's hard to see it remaining under 9p by the end of this month, let alone for April. I really think a LOT of new money will come into BRES around April. Firstly, this is when the first of the big ticket items - the upgraded JORC will land. From the drilling results we have had and the noises being made, it looks like this will be a significant upgrade. Then you have the prospect of funding news landing in the weeks thereafter. Secondly, and related to the first, is that I can see a lof of ISA money coming into BRES. There won't be too many better options for an instant and quick return in April than this stock.

The thing is, a lot of folk are wisely buying now because they know they can't afford to wait until late March/April. Firstly, cheap stock is in ever reducing supply, and then you also have the prospect of more buyers landing here when news lands. The kind of news we are expecting is the kind that will draw in new interest.

The other thing is that once all of the shares below 9p are taken up, there is then only really one direction left for the share price to go. So this "big breakout" we are expecting (or at least hoping for) might well happen on the technicals, and not wait around for April and the RNS to land.

It's a fascinating situation watching this climb back up and absorb the warrant supply. It's shown incredible strength imho when you consider the supply it has had to chew up. The big question is, will it breakout without waiting for the news?

Why are you such a JB though?

Wow that's amazing Element - GGP has more toys for us to play with. What are we waiting for folks, shall we switch across? The thought of playing monster trucks seems a lot more fun than playing monster stocks?

Being offerred ABOVE the advertised bid for selling £100k worth folks. That tells you all you need to know!

Big reversal incoming here - especially when you consider all the newsflow that anyone buying at these levels has to look forward to. No wonder folk are loading up at these bargain basement prices.