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Great interview, great article, great bounce off the 50MA and great prospects for 2026. What’s not to like!

Must be warrants and RAB. Buy the dips and don’t listen to the dips either!

Equally importantly, it's great price action by gold as well. The kind that suggests that $5000 plus is headed our way in 2026. If so, then OMI is going to make some serious gains because it seems that everything is going really well 'on the pitch' as well judging by BG's indications!

Why are we judging the DFS reaction when we are still in the reaction and still in the very first week it was issued? That’s like judging a football game based on the first 15 minutes of play. Theres still a long way to go and so too with this DFS reaction.

The first 15 minutes involved a sell on news formation by the warrant holders etc. Now let’s see what happens in the next phase of the reaction.

The DFS reaction is not an overnight phenomenon but something that can only be judged once this supply clears. Then let’s see what happens. Alternatively, at least wait a few weeks after the frickin thing was issued before rushing to premature derampulation. (I just made that word up!)

I think all BRES needs is a 15%-20% move up from here which it then holds. That will signal a big change for BRES. It will then create a very high probability chance of at least a 50% profit from those levels for new entrants, and I think we will see some strong FOMO developing for the longer term prospects as well.

Can we do it? Yes, it's only a matter of short time when you look at the volumes coming in here. Will it happen as early as this Friday, next week, the following week? Who knows, and it doesn't really matter which day or week it happens. But I don't think it will take a long time at all.

Just caught up with the day's events here. First thing to say is that ole BG is sounding rather bullish in his recent tweets - suggests some good news is on its way. Secondly, it looks like the cheaper shares might have been soaked up and all it will now take is a decent volume buying day and we are off once again.

Will that happen of itself, or will it need the RNS? Let's see

Lots of very large late trades gone through. Selling volume seeme to be reducing and there was a little bounce towards the end.

Hoping we will see a reversal from this low and then into Friday. MR is presenting BRES to the conference tomorrow. We will see what interest that brings on Friday and into next week.

BRES is so ridculously mismatched against its NPV that it surely has to re-rate and esp with funding coming as quicly as next quarter!

I meant the former - no additional drilling needed to get it into the JORC, meaning as soon as they get the assays results in, they will upgrade the JORC and issue it to the market. ETA for this is early next year!

So another great result for BRES. This should leave them free to focus on obtaining funding by Q1 2026.

BIG FEW MONTHS COMING UP HERE FOR SURE!

MR has made it clear that they aren't going to do any drilling that isn't going to materially benefit in some way. There was previously some uncertainty abotu whether the additional step out drilling was sufficient to get into the JORC, or would sit as an exploration target and need more drilling. The JORC RNS has confirmed it will be the latter - and we are going to get a JORC upgrade early in the new year.

"A further 192 step-out holes, drilled across the wider mining license area at the new Iyan and Beehive deposits, including the six deep drillholes (each of which terminated in graphite mineralisation at depths of ~100 metres), are yet to be incorporated. These results collectively demonstrate the broader system scale potential and are expected to support an additional JORC expansion post-DFS in 2026, providing a powerful growth runway for the Project."

"192 step-out holes (83% of full Stage 7 drill program) ready to be integrated into second major JORC upgrade post-DFS in 2026.

· Majority of remaining holes drilled across new Iyan and Beehive deposits."

Who knows, it could be the first of the Resource Conference buys coming in?

Re the share price, we just need to clear the remaining warrants. It shouldn't take very long at all because of the sheer amount of volume coming in. Since September, over 360 million shares have been traded. That's almost the entire float! Against this, the number of warrants that have been exercised since July (and that we know about) is only about 17 million. I would think that we have likely chewed through most of these already (as well as much of RAB's remaining stake).

It's a great setup that is materialising here from a combination of the following:

1) Significant warrant monies coming into the company leaving it fully funded for all works and working capital until Phase One funding. There is no need for any raise right now. BRES sorted out its financing during the previous and recent raises.

2) Significant demand has been coming in at these levels, which will continue to clear the warrants.

3) Once warrant selling abates, the demand should push the price back up towards that breakout level.

This should lead to a big breakout, where there will be little to no overhang left and no overhead resistance levels.

That's the setup. It just needs a little bit of patience and fortitude from us all to see it play out. All imo and dyor

The large holders have to take advantage of liquidity events like the JORC and DFS - hence both events were likely used by the large holders to shift a large amount of supply. Whilst it does slow the rise, it also is much better than them offloading when there isn't buying liquidity. So in that sense, we should prefer them to sell into the JORC/DFS, because price remains in the uptrend despite their selling as buyers take those shares.

The earliest instutional investors like RAB obviously get the best deals in terms of cheap shares and warrants - but then they deserve the best deal because they supported the company at its greatest need. However, the next lot of institutional investors aren't going to get as favourable terms (unless the financing package leaves a shortfall that they can fill and then play hard ball), and their buying should support the share price.

I've seen this with OMI, where the earliest instis got the best deal, and the instis that came in later had to pay higher prices - which all drove the share price up.

Both MR and CP have said they have received "significant institutional interest". If any of them decide to take a position, then we suddenly replace large sellers with large buyers and that should really support the share price upwards.

Next few months "should" see a decent move up from these levels. You just can't ignore yesterday's DFS and the large players won't ignore it, both here and in the US. Exciting times for BRES!

Talking of research: https://smallcappix.com/blogdetail?id=115

Sit on those hands, add on weakness, and the watch this play out between now and Q1 funding.

IMHO the single biggest factor with regards to the share price, which we need to factor in is that we have had to endure large selling by RAB and other warrant holders. Several months ago, I did say that this was the only factor I could see that would potentially slow - not halt - a DFS related re-rate. Where might we have been without this selling? Where could we be when it slows down?

Given the amount of selling BRES has had to endure, a rise to 9p and then a pullback is a really strong result. If we can consolidate this rise just below the breakout level and absorb any remaining supply, then its only a matter of time before we make another push upwards, and we are all singing again.

Disappointed that warrant holders have slowed the re-rate - but then they also need to make money and take advantage of the strong demand for their large supply.

Great to see Directors exercising their options and more money come pouring into the company. With the million quid raised from warrants, more warrant cash to come and also the final DFC tranche now that DFC is complete, this should leave BRES in a healthy financial position going into funding negotiations in Q1.

25 million shares traded today. That's easily the highest in some years and probably the highest ever in terms of £volume!

Changing of the guards with shares going into stickier hands. Just what we want to see under this 9.5p level. If value investors continue to absorb the supply, we should be on for decent move up!

Let's see where are at the end of the day and into the week. The next few hours into close might well the cheapest shares anyone will get here post DFS. But certainly once the 8s are gone for good, then pressure will once again build on that 9.5p level.

Tomorrow's conference should generate some buying as well in the coming days. So unless you want out very early, it's just a case of sitting on hands and letting the crazy value proposition here play out over the coming days, weeks and months. GLA

Nothing can and does go up in a straight line. An occasion like the DFS, much like the JORC, is an opportunity for sellers as much as it is for buyers. There will be cashing in on warrants, other profit taking, shorter term trading taking their 10 to 20% etc. So all of this supply has to be cleared. With a 30 million mcap now up against a $1.1 billion NPV, value buyers will continue to step in. Project funding shouldn't be a problem on today's DFS, and with the interest and options that have been lined up already. Hence BRES have given themselves until Q1 to secure the funding.

Buy any value opportunities created by any slight weakness, including this current supply, and wait for the breakout. It simply has to come as £30 million vs $1.1 billion NPV with an initial $40 million capex is ridiculous. All imo and GLA

So far this is easily the most bullish single day candle that BRES has had in this whole run up from the lows! It's also piercing the final resistance zone on high volume. Once this final level breaks, as it will, we should see a really decent move up. Rome was not built in a day, but today should set us up nicely for a breakout.

Nice little trade there for you KR. What price did you buy in at again?

Hopefully, getting ready to breakout with pressure building at the top of this multi year base. Once it goes, it should just go!

Two excellent interviews from MR. Lots of newsflow coming. In particular, another JORC upgrade to incorporate the remaining 190 holes and the two new deposits. Will get those early in the new year. We should also see some new institutional interest now that they have the $1 billion NPV and 96% IRR to wave around. MR will pitch in London this week and then flying to the US where he has lots of meetings lined up.