Member Info for mercedesman

Thought it was ASX?

How embarrassing it must be to be the guy that “got shaken out” at 0.475

Chin up lad, try bricklaying instead?

This clearly orchestrated attack should be investigated. Blatant manipulation by traders getting in cheap before news.

Just watch it bounce

Dont know what the hold up is. Thought this was meant to be done 2 weeks ago 🤷🏻

Probably the reason for the delay. Doesnt change my position though, knock 5-10% off KOD’s 5p goal and get on with it 😎💰

Crocqman has filtered me.

My life is complete 😂

clueless living up to his name.

once funds land the drilling starts, not only at bougouni, but at the gold sites too, probably 4 locations total

we will have multiple results coming in and the possibility of a jv on the gold, maiden resource for the gold, and mre upgrades for the lithium.

anyone that sells on funding news is going to have a right sore **** a few months later.

ggp went from 2.5p to 30p+ during the “expansion drilling” phase

hold or add, but for gods sake dont sell at a measly 1p! you will 100% regret it.

Very nice!

New info: Payments from DFC (once confirmed) do not need to be matched like for like at the time.

Which means BRES will be able to use DFC $5m funds initially to get much further down the road (half DFC complete, SPG testing complete, Bulk samples complete, off-take agreements signed) all before they need to do any raise at, by then what will be a much higher sp.

And if off-takes are signed there is the the possibility that BRES’s 50% comes in the form of a forward payment from those end users.

If Mike plays his cards right BRES could go all the way with very little if any dilution. That said i have factored in a healthy portion of placings to see us all the way and still come to a very respectable sp in 12-18 months time based on 600m total shares in issue. So for me its a case of: lots of dilution = 35p-50p, minimal dilution = 50p-95p

Its win win, but one win is obvs better than the other. 😄

Im-trying : as per the message the high end assumes a 100Mt jorc resource, and the 300-350ktpa throughput (the DMS and floatation combined) based on $3000t spod

You are correct Legalwolf.

What I do know is that the first tranche of the DFC will be £1m, Mike raised £600k on the last raise so will only need £300-500k on the next one to match the first payment. The question is will he get it away at 5p, or now that its dropped below will it be at 4p

Once DFC is confirmed though i would expect a good reaction followed by further bulk and SPG test results, and perhaps he can get “part 2” away somewhere between 8-10p

For speedie…

Finalisation of deal 1.35p - Aug 23

Drill results 1.6p - Oct 23

Upgraded MRE to 45Mt 2.2p - Nov 23

Gold MRE 3p - Feb 24

Confirmation of mining commencement 4.2p - Mar 24 (stockpiling ore)

Full production 5.4p - Aug 24

Construction of stage 2 Floatation plant 7.5p - Jan 25 to Jan 27

MRE upgrade to 75-100Mt 9.1p June 25

Full 300+tpa production 14.9p - Jan 27

Agree Openheimer, will probably be 0.75 after lunch

Yes Blackadder, im hoping for a T1 gold deposit and another JV for one of if not both of the bigger gold sites. But with KOD being cash rich by then they would be able to negotiate an even better deal than the Bougouni one, or just turn down offers and keep it 100%. Happy either way mind you

Finalisation of deal 1.35p

Drill results 1.6p

Upgraded MRE to 45Mt 2.2p

Gold MRE 3p

Confirmation of mining commencement 4.2p

Full production 5.4p

Construction of stage 2 Floatation plant 7.5p

MRE upgrade to 75-100Mt 9.1p

Full 300+tpa production 14.9p

The Prem trolls are just embarrassing, backing the wrong horse and unable to come to terms with their own poor judgement, instead coming here to try and spoil it for us. Its the equivalent of an 8 year old throwing a tantrum and flipping the monopoly board because they are losers.

You know the best thing a loser can do? Win! And you do that by sucking it up, getting your ego in check, selling your garbage Prem shares before their court case starts, and buying some KOD 😎

Extended auction

The 486m volume has got the MM’s all in a twist 😂

0003 that 16m buy at 0.535 is looking like a master stroke right now

You might see 0.8 tomorrow lol

0.7 ringing the doorbell

I hope BA said 2 months knowing it was a few weeks away to teach the traders a lesson : )