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They are really going to grow the company over the next 18 months - you can just tell!

Fantastic start to the presentation:

"Fully cashed up for next 18 months. Will have 20 million if all the warrants are cashed!"

"Share price rise is just the beginning, but we need to do the work"

Fair enough GSloppy - at least you have your rationale. I'll be a tad disappointed to see only 12p on the DFS and then in reaction to it. But let's see!

I'm not sure the market knows what to expect beyond the headline of "smashing it out of the park". I'd hope at least $700 million with that statement, but again, let's see what figure they do in fact deliver.

Actually it's NT to buy on the close!

They do say history likes to rhyme when it comes to charting!

Ladies and Gentleman, now for the main event, can we present you today's double act, Messrs Bradley George and Louis Castro, who will officially light the touchpaper!

The last leg up added around 17p to the share price before the placing stopped it in its tracks. With £15 million now in the kitty, and FOUR billion dollar projects all on the go, and a record POG, how high do we think this next leg is going to be?

Interesting, the 2020 high was made in October. Are we about to take it out in a dejavu moment.

Nice little bull flag forming folks - suggesting this looks ready to pop. A bullish presentation from BG in an hour and tomorrow could be breakout time!

In fact, the Canadians might take it up this afternoon after they have listened to it!

Glad I added some earlier on. Looks large buying coming in now, suggesting news might be close. If we can consolidate this rise tomorrow, it sets us up nicely for a push to new highs this week. GLA

"DFS 10-12p"??? Seriously, you think a share price that has risen 150% already in anticipation of the DFS newsflow, and with only one RNS issued already, is going to move up by only another 70 to 90% over the coming months? That having jumped its resistance hurdles at 6.5p, 7.5p and 9p, and then when there are no more left, it will just run out of steam at 10-12p? WTH!

WTF

It's clear that in any sale scenario, they will be looking to get the highest price they can - hence the "batting away offers already" and waiting until 'post DFS when the value will be much higher' comments. Didn't MR say something about 20% of the NPV. Much will depend on how much interest there is - but I think it will be very strong given how packaged up the project is/will be, and the fact that they are "batting away offers already".

Who gets to decide - is it put to a shareholder vote, or does the BOD decide?

You're quite right PFG - sometimes putting the orders in just gives me an indication of supply/demand dynamics. (Truth be told, i'll probably end up paying 6.9p instead when it moves and I get that retail FOMO😆)

That's a fair point - btw inside spread is offering 6.55p. I've still got a cheeky buy order below it, but more in vain hope than expecting it to get hit.

"I don't think we can say we've broken the 6.5p resistance level, yet."

I think we are pretty much there, especially with results to land next week. Therefore, i'd be surprised to see this fall back below 6.5p now, but then with the warrant situation, who knows. But if it does fall back, i'll be very happy on a personal level as I can then grab another top up below 6.5p.

Two totally different companies in different sectors, so can't really compare them. Do I see BRES multibagging from these levels, absolutely yes. Do I see it multibagging to the same extent as OMI already has - i'm not sure about that. But do I see BRES outperforming OMI over the next 3 months - that wouldn't surprise me at all.

But to get the best gains out of any such stock, you obviously want to position early into the move and ideally before it really breaks out. It really helps later on down the road. The opportunity to position early into BRES is still there, so taking it before it goes.

I would say that 6.5p is/was THE MAJOR resistance level here, having formed over the longest period, with the greatest volume traded within it. These are usually the hardest to break, and we have seemingly broken it. The next two levels (~ 7.5p and ~ 9p) formed over much shorter periods and with very little volume. They shouldn't take anywhere near as much effort to break as 6.5p has. Some might even question whether 7.5p is really a level at all?

With the wind in our sails that will come from the "regular" newsflow here, we should break through both of these levels. As has been said before, above 9p it's pure blue sky upside with no overhead resistance.

The next RNS should have us attacking 7.5p. According to MR's recent comments, I believe it lands next week, with the next set of drilling results?

I've liquidated another position with a view to adding more here. Was hoping I might be able to sneak a few more in under 6.5p but that looks like it might not happen now. Should be a really big move incoming here over the next few months - the much awaited and promised re-rate. Looking good so far I would say and feeling confident it is upon us. Let's see! All imo and GLA

With the tweet about El P, the next RNS can't be too far away to officially inform us about the drilling campaign. I wonder if they will expand it now that they have more cash and whilst the camp is all set up? Should be a cracking presentation from BG - all he has to do is tell us about each project and it's job done. One of the easiest presentations he will do probably. Lots of pent up energy in this consolidation. The next leg up could be the biggest we've had yet. Then another consolidation will do just fine.

Let’s get real here. BRES has traded in a large trading range (ie a base) between 9p and 2.5p. It has moved from this low to 6.5p on anticipation of the forthcoming newsflow. This is well over 100%. In doing so it has had to endure placings, warrant selling and resistance levels.

There is no resistance above 9p, which is only another 50% away. Once we breach this level, as we surely will (barring any wider catastrophe in the markets) I don’t think anyone will be making nonsense predictions like 12p anymore.

Load up at 6.5p whilst you can. That’s what I intend to do. In only two months this will make another triple digit gain. All imho and dyor.

Well finally the share price looks ready to resume its pre placing momentum. It made a triple digit gain before the placing stopped it. Now let's see how high it will go - i think another triple digit gain sounds about right to me.

Let's see if BG can work his magic tomorrow and create the excitement at the webinar, if there isn't a RNS in the morning that as well!

It will surely bring it down and we will have a much larger mining operation than the current plan, which will also bring it down. None of us know exactly what will happen, but one thing I think we can be reasonably confident about, is that by the time we get to production, this will be a much bigger value project than what has been set out in the current analysts notes. That's based on just Pepas - which will exceed expectations - but also North Pepas - which could double or triple what Pepas alone is offering us. Like I said, scary stuff!

Remember also that North Pepas is looking like a very high probability target!

Firstly, let's change the thread back to OMI. Secondly, are we not overlooking an obvious potential development, which is going to necessarily change everything with regards the current plan for Pepas and what is set out in the various analysts' notes? This is - what happens if or when there's a discovery at North Pepas and it ends up being larger than Pepas? If we can get Pepas to MRE with 2-3 months of drilling, we will be able to get North Pepas to MRE in a similar timescale. The production plan will have to change, with revised calcs based on North Pepas. With the low capex, it is highly likely that we will end up with a much larger initial mining plan than the one that is currently set out in the analyst notes based on just Pepas.

We could easily double or triple the current annual ounces. Don Durrett might not have made a mistake with that extra 0 after all - it might have been a premonition or calculated foresight on his part 😉

Scary to imagine just how much cash North/Pepas might end up generating.