Member Info for Legalwolf

We have likely churned through a lot of the sub 4.5p ones by now. We should see a tick up shortly once the rest are gone. This has created a temporary buying opportunity for those with a longer term outlook.

Once we reclaim 7p, it should hopefully set a new floor to build from assuming all the 4.5p supply has been taken out.

Exceptional results once more. We know OC is a monster of a project but great to have it confirmed with these significant new discoveries offering multi decade LOM here. 2026 shaping up to be a big one for BRES.

Shouldn’t be too long before sub placing price shares are snapped up by those who can see the long term potential.

There's nothing quite like a retracement in the share price to shake a bb. Firstly, too many are treating duster as a genuine poster, he is no such thing and is trolling and de-ramping. It's not even very subtle. The clue is in his over the top thread titles (e.g. "MR stop the rot") - designed purely to create a negative vibe on here, and too many are falling for it. Amateurish attempt and responses!

IMHO, pretty much all that is happening here is that the warrants are creating a drag on the share price. This was to be expected. At certain points, and indeed earlier this year, we debated on this bb that the warrants were the single most likely factor that might stop the share price. Well, this is exactly what is playing out. So it's hardly a surprise development?

However, whilst of course frustrating, the impact of this drag "will be" temporary. There are a finite amount of sub 5p warrants - once they dry up, we should start to see BRES moving in the right direction once more. Important also to remember that the warrants have not stopped £3 million of new money investing into BRES at 7p. This is highest raise at the highest price that BRES has ever achieved. No more warrants either - those "needy days" are over for BRES.

2026 will be some year!

https://x.com/DonDurrett/status/1999939239518339377

That’s a huge amount cleared if those late reported trades are mostly warrants. Can’t be too many more left at 4.5p?

Looks like MR is very happy with the US trip! Great stuff!

Wow what a fantastic RNS. A new massive discovery which is likely to lead to a material JORC upgrade. That £1 billion NPV has just gotten bigger and will likely itself be “smashed out of the park”

Fully cashed up with £4 million plus. Is now the time for BRES?

What an unbelievable start at El Pantano. Loving the following:

“The Company is confident that it has achieved its general objective of proving the existence of a substantial mineral system. This is an extremely positive and unusual result for the first drilling program on a grass roots project.”

January is shaping up to be a fantastic month with:

-drilling completed at El P

- MRE done for Pepas

- Drilling for more Pepas’s

- Prep work for El Cedro drilling

And much more. Can’t wait for the start of 2026!

Sorry - just wild and probably baseless speculation from me. I’m sure all the focus will 100% be on OC.

So do I, but if they are planning a sale or JV of OC then another project might make sense to them.

Small correction in that BRES now likely has £4 million plus in cash not £3 million. Another £250k on its way from DFC plus warrant monies.

With all operations now complete, the finances have never been so good. Will they go for another project I wonder?

Could even finish the day blue at this rate. That would be remarkable!

Well sub 7s look like they are gone. With a more than fully cashed up BRES, we can now start moving through the gears hopefully with the share price. Upgraded JORC should boost the project value even more by demonstrating the upside in it. Then onto further offtake and funding news.

What happened to NASA?

I think the fact that both brokers took payment in 7p warrants bodes well. I do wonder whether/why some of this £3 million could not have been used to clear existing warrants. That way the company would still have got paid, would have cleared a significant chunk of warrants and less dilution overall?

Also interesting that no mention of drilling in the RNS. That should put that question to bed. But why does BRES need £4 million simply to see it through funding?

A few questions for MR to address here at the next QA.

Big buys coming in below 7p. All the sub 7p stock is being hoovered up. That’s good to see and does maybe suggest some big money might have been waiting for a placing to happen before committing itself.

Should be back in the 7s in no time at this rate.

BRES should have upwards of £4 million now plus DFC and warrant cash coming in. This is the most cash rich the company has ever been (and then some) as far as I can recall. With the newsflow coming up here in 2026, anyone getting these sub 7p will likely be buying the cheapest stock that will now likely ever become available you would think.

This should set a floor the share price. £3 million without warrants shows a lot of confidence on the part of the placees. Also suggests that no warrants to be cashed up at these prices otherwise they could have been offloaded as part of the placing which would have benefited BRES as well.

Fully cashed up now and should see a rise into upgraded JORC next month and then into Q1 funding. A lot of the supply between 7 and 9p will have been taken up already during the recent move to 9.5p. But let’s see and GLA.

Let’s hope the brakes can come off now. This should set a buying floor at around 7p. Much of the supply between here and 9p has been taken already during the recent move to 9.5p. Should now start to see a rise here into upgraded JORC next month and then hopefully financing.

£3 million without warrants shows confidence from the instis that have backed the raise. They will be expecting multiples of the current share price - and so should we. GLA

Fair enough. Good luck with it.

Or don’t sell and hold through the spikes. You obviously think it’s going higher than your previous sell otherwise what’s the point buying again. Those of us not selling the spikes agree with you and look forward to greater returns and rewards for our patience and endurance. GLA