Member Info for Legalwolf

"One substantial advantage that now comes into play with the DFC relationship is that Blencowe is able to consider a larger-scale production strategy than it could do under the base-case scenario that the Company was considering whilst funding solo. The implications of this are enormous and the Company will provide a further update on this once the revised strategy is finalised. The expectation would be for a larger project from day one with a downstream processing facility built in-country to produce an uncoated battery-ready 99.95% SPG product. These factors above will ultimately deliver a considerably higher Net Present Value than the US$482 million NPV achieved within the 2022 Pre-Feasibility Study."

An even bigger (sleeping) giant is emerging and seemingly awakening. Will the sleeping market awaken with it?

Watcher - one thing that is coming across as dubious is that your posting for your "fellow citizens". It's clear that your posting around your own buying and selling imho. Nothing wrong with that, happens all the time. This is a casino after all, not a monastery.

You seem to have progressed towards lightening quick intra day trader skills, and we can perhaps give you the benefit of the considerable doubt about those claims as well, but you do need to work on your Samaritan/Robin Hood act. It is very unconvincing and unbelievable. It needs some refining our 'friend' for next time. All imo and GLA

Yes, I'm in Bres and its a longer term hold. They've done a 'He1' though in terms of holding back the newsflow imo, share price falling to a low and then gapping up. Big trades coming in just before the news is released.

The pump and dump spike seems to be over now. Hoping it starts a more sustained rise now?

Difficult to separate them out in that way Zan_TM. Until the financing doesn't come to the rescue, it doesn't matter what VR might hold in the ground. You won't be around to find out, and hence no longer care, if the financing falls through, and that will be true of most holders. So getting into VR at this moment in time seems to be an unnecessary and mistimed distraction from the only thing that matters right now, which is financing and prospectus. We should keep our eye on the ball and not get sucked in by carrot dangling, particularly given the history here.

Harsh I know, but that's how it has to be here given the overall circumstances. All imo and dyor

On the plus side though, the mismanagement of comms (as I see it) has allowed me to add and build at these lower levels, so I'm not 'complaining' in that sense. GLA

I'm not talking about RNS, although having said that, he might have added a few lines about the DFC in the recent RNS about China. My point was more about twitter. He couldn't stop tweeting about the DFC before. Unless he was compelled to stop, then the sudden change of approach DID NOT help imo.

We are shareholders in a junior explorer post discovery. Managing newsflow and momentum is key. It's quite clear that the momentum stalled because people became concerned over the DFC, and the reason they became concerned was because it just went quiet. Now, you can turn around and say 'more fool them for being impatient' but that's not how humans and markets work, and is rather unrealistic.

Why should we be happy when we could have had this news at 6p, and built from there, but instead had it at 4.3p, because the comms on the DFC went quiet? Like I said, if they had no choice about it then fair enough, but otherwise it was very poor choice to go radio silent. They lost the momentum that they had built up through the previous approach of regular comms.

This is merely my opinion about how things might have worked out differently, had they managed the comms differently. But no point crying over spilt milk!

Zan_TM - this is the problem. CGAT talked up VR last year and did so very effectively. Made us all think that it could be the hidden jewel in the portfolio. Then it all went quiet. In a recent Stockbox, RM updated that they had samples from VR that were in Tanzania but had not been sent to the labs for assay testing (or something like that). It left me thinking 'why the flipping heck not?'. Whilst the financing news is the biggie, continuing and exciting newsflow from VR could have filled the gap and helped sustain sentiment. But they just went quiet on it.

And this is the problem with GCAT/RM in a nutshell. They seem to dangle these carrots at various intervals, and then not follow through on them. Unfortunately, this kind of stop and start approach, and with the general air of distrust hanging over GCAT, makes it all come across as seemingly more carrot dangling and tricks.

Also, if VR has all this potential, one more reason for a financing partner to come in now on the cheap? But so far they haven't. So it's not adding up in that respect either. All imo and dyor

Taken a few more after the usual pump and dump spike action. Hopefully, this will start to move up through the gears, although I'm not sure it's re-rate time just yet. (We probably need the remaining 50% of the DFS funding to be ticked off first, and thereby remove the risk of further dilution at lower levels. But so far, so good!)

SPM - I'm happy with today's news of course and the news coming out re Chinese interest. It's great for Bres to be nestled between the Chinese and the US. Hence, why I have purchased shares in recent times. I'm NOT happy about the manipulation and insider trading, which IMO seems to have accompanied it though. Unfortunately, seeing this more and more now. For me, it raises questions about the extent to which the companies themselves are ever more complicit in this?

The way Bres have managed the DFC announcement has been very poor. I have not changed my mind about this. The momentum was very much with Bres and they stalled it by going quiet on the DFC. Had they not done this, I believe we would have been trading much higher, and not had or allowed the conditions for a (manipulated?) retrace to a low with a pump and dump gap to spike retail holders on the delayed news - a classic and increasingly common manoeuvre.

But, I guess if you are going to play in the casino, you should not expect the etiquettes of a monastery.

Let's see where the share price settles after the short term traders are done, and hopefully a more sustained rise can begin in the coming weeks and months. All imo, dyor and GLA

Share price was holding up better than expected given the sentiment and situation. Dumping seems to be continuing. 0.07s incoming unless Naheed has any aces up her sleeves and delivers them asap.

He1 is a tough one to call. The share price shouldn't be where it is so close to spud. I don't think it's market pricing in or being concerned by a delay, because there isn't a delay. Maybe it's just the placing churn but there are NO massive buys coming in, and without them, it's hard to see how the share price rises much.

I guess the market might be thinking the share price is so low that why not just wait for results and de-risk completely in that way?

That's an interesting theory PP. What I can say is that ECR has until recently been subjected to large scale selling, with an entity hitting the bid aggressively for several months. This has often resulted in suspicions of shorting/forward selling, which one poster in particular has been keen to refute at all stages, providing the most dubious reasons.

I actually thought this placing was to allow any shorts to cover. That's why I asked on the bb how anyone could be sure that the so called new investors who have subscribed in the placing are not the same entity that got ECR into a mess in the first place.

Too much ? and smoke and mirrors to be sure of anything though, which makes it a bit of risky trade thinking you are part of a short squeeze, when actually you are being led to the slaughter when the placing shares land, assuming you don't get out beforehand.

Not portraying anything cash king - merely raising the possibility and probability. If I don't wish to take the chance of ending up as sitting duck for the placing shares, that doesn't stop others from doing so.

It might well end up being the wrong call, but I've learned not to care too much about getting it wrong, provided I don't lose too much money in the process. No one gets it right all of the time.

PP - I don't know about ECR. I am led to believe that those cheap placing shares that ECR has just issued at 0.17p cannot be traded until 6 October. So I'd be worried about getting in now at almost twice the placing price, and then my holding getting butchered back down towards the placing price. Instant 50% loss for me, but a 100% gain for the placees?

TS - you might well do. But at the moment, there are too many ? and hence risks for me to get involved. Everything has risks, but don't mind taking a punt on something like Hurricane, where I can sort of understand the risks involved. But getting involved in a share that has just placed cheap shares, and is trading at a gap to those cheap shares, is a potential trap door that I don't want to take.

As for post October, let's see where the land lies here. But GLA in the meantime.

TS - I can answer that easily and instantly. I absolutely 100% do not believe that NONE of these shares will be flipped at the FIRST available opportunity. Nearly all raises are made out out as if "investors" are coming in for the long term, but when does this ever turn out to be the case. How many placings do we get, which do not involve significant selling/flipping/overhang - call it what you want?

I have no desire to be a holder at 0.35p or 0.5p, and expect those with shares at 0.17p will not chop my legs off when they get that opportunity. It's counter to every instinct, intuition and experience for me to believe otherwise.

Therefore, I will be sitting out ECR until October. The days and weeks thereafter will answer definitely and unequivocally whether these cheap shares are sticky hands. Not (new) strangers on a BB.

Lambs being lined up for the slaughter in October? All imo and dyor

Lol - maybe I should start posting on there again and break the peace terms. Only kidding, it's a stressful time maybe for most as they probably have larger than intended holdings this close to spud.

KR - I must say that I like your more reasoned and tactical approach. Previously it seemed like your buys and sells were more knee jerk reactions, unless I got this wrong?

Yes, don't leave us hanging like that. Surely you can say something more than that to give the rest us an idea of what is re-assuring?

I've caught up on today's events. This particular thread caught my eye. The natural and logical question that arises from this is that if placing stock cannot and therefore has not been sold already, what happens after 6th October when it can be sold?

Or have I misunderstood this completely and this clarification is actually good news?

Watcher - until or unless the price retraces all the way back to my purchase price, which it might well do, I am actually feeling fine. Not everything that goes up, does so in a single pump and dump move. The price can also go up in smaller steps. Hopefully WSBN has started this process. And if it does go up in steps, then its easier to add to an existing winning position than enter for the first time at higher levels.

As it happens, I took profits on one of my positions yesterday, but the others remain in to see how high we go. The period of waiting is basically up to the entirety of this drilling. Let's see what the whole of this campaign brings in terms of the share price.

The beauty of buying at the lows is you can then take whatever happens higher up with a greater degree of patience, resilience and calmness. All imo

Guys - we have to move with the times here. 4 months ago, I strongly believed that He1 would reach 12p to 15p on spud. I went "all in" because of that. However, it is very clear that this type of rise is now very unlikely to happen, and only has a chance of happening if He1 report some Helium shows. They might do that, but it's basically gambling on results!

As for the spud RNS, that might cause a rise, but most retail who wanted to buy He1 will have bought. However, there are so many holders who have larger holdings than they are comfortable with because they thought they could de-risk them. They missed the first de-risking opportunity in the 9s, because they thought it was going to go much higher.

So when spud RNS lands, I'm far from convinced that the buying demand is going to outstrip the selling demand. From spud to results will only be one week!