Member Info for mercedesman

Drilling commenced Sept 10th, over 2 months ago, does anyone have an idea how long it takes to drill 2000m and get results? Cant be far off now. Perhaps early Dec?

Im very excited to get a look at those hole extensions that returned such good grades on the first pass

Thanks, so we wont likely see any selling until 10-15p as it makes no sense to convert at 8p

So they pay 8p?

Could anyone clarify something for me

Was looking through various placing RNS's in the past and i wanted to understand how this works

Take for example the RNS on 18/5/2023 that states...

"Bres is pleased to announce that it has raised £635,000 at 5 pence per share ("Placing") through the issue of 12,700,000 new ordinary shares of 0.5p ("Placing Shares"). The Company will issue investors in the Placing with 1 warrant per 2 Placing Shares (Investor Warrants") which are exercisable at 8p for a period of 3 years from Admission of the Placing Shares."

My Question: Does the persons that took advantage of that placing have the right to buy shares at 5p (the placing price) now that the price is at 8p, or do they have the right to buy shares at 8p (the exercise price) now the share price is 8p (in which case they will probably wait until the sp is 10-15p before doing so)?

Thanks

Same Figs. I have a sizeable position in GSCU awaiting drill results. If that does well and RMR is still sub 0.3p (Dec/Jan) I will be adding more.

Patience always pays off if you’ve backed the right stocks, and I trust the management.

Well.... the Gold price is back up lol

Could do 100% gain from here and still be undervalued

Could get a lot more interest rolling in as people know RMR are going for the deeper juicy intercepts, and with low volume I would expect to see us ticking up consistently back to 0.3-0.4’s during drilling

No i wasnt eligible for those, too new here.

Look forward to hearing about the return of the chopper, Im guessing that we get that back in the next week or two and we might hear about a timeline for the next drilling soon, hopefully Nov/Dev with Dec/Jan results?

25,707,000 shares

Locked and loaded!

When do we think next drill results will land, Dec, or sooner?

£450m profit already and we’ve only drilled 10% or less, its not hard math guys

£4.5bn when its done, half that for dilution and 50/50 JV and your looking at £2.25bn

Its a 20x opportunity if you buy the low this week. Ive freed up funds today and am aiming to take more as soon as i think its flattened out (may have already)

By Saturday il be sat on 25m or more

Absolute gime!

Existing institutional investors will support the company going forward as per CEO's comments. no low value placing coming im afraid.

Yep, and the deep drilling is starting imminently, with results due around Xmas from memory.

Looking forward to seeing some interviews to clarify the timeline going forward.

Clearly people dont understand the value, or are too impatient. More for me then!

Expecting a strong bounce when common sense finally kicks in

Based on the ‘in ground’ value RMR should be valued at around £32m, a 60% premium to todays price

Very happy with that. Multi billion dollar resource with 26x potential upside 😁💵

Great time to be building a position before the resource expands and inevitable JV/buyout talks start.

Release the MRE, double the resource by Q1 26", Sell to Alphamin for 3p per share.

Simplest investment case ever

Just added a little more while its on sale, 2 days to news !

LFM can you ask your friend in the know for another palm reading please. It will put my mind at ease knowing we have another crack at getting the right day. “3rd time’s the charm” as they say!