Member Info for nc10g09

30m market cap would make sense for me right now which is about 13.5p.....

Previous funding RNS stated "In addition, the Company has conditionally raised a further £2,500,000 at 5 pence resulting in the issue of 50,000,000 new ordinary shares to an additional strategic investor ("Strategic Investor"). The Company is required to publish a prospectus on the basis that it will be issuing more than 20% of its issued share capital in a 12-month period. The Company and its advisers are in advanced stages of finalising the prospectus. The Company anticipates publishing the prospectus this month and will update shareholders prior to its publication"

Given that all resolutions passed at the AGM, we should be hearing more about this party any day now

Good to see them alongside the DFC at Indaba Mining, some offtake agreements must be next on the to do list now that funding is secured?

Couldn't agree more, Mike once again proving his credentials on the finance side of things, I haven't come across a better small cap CEO in the UK market

Chunky old sell at 4.03, seems like some are anticipating a quiet period to your point LW. My last buy at these levels was in March 23 before BRES even announced the DFC partnership. Almost a year later, with bulk sampling/SPG testing complete with outstanding results and DFC partnership in full flow with 2m received+ LOI for full funding we are back here again. Makes zero sense to me but there we go

Long term holders have been absolutely wrecked at HE1 tbf, maybe some of the short term gainers will flip their profits into here

Someone actually sold some at 4.22, cannot get my head around it at all

SP does seem illogical (back at my average price which I thought was long gone) as Mike hasn't missed a beat in the last two years, personally think you'd be mad to sell at these levels given where we are today

Of course new technology will be developed but it sure as hell won't be commercially scalable and replacing the lithium ion battery by 2026 when we come online ... Graphite is forecast for huge (and growing) deficits from 2025 onwards, we are perfectly placed as it stands to take advantage of this

1m added to the bank account and 10 mins in we are 3% down lol

We didn't have long to wait!

Legalwolf, see here a direct response from Mike on a funding question from last week's telegram interview: "Definitely not going back to retail market for future funding, we have enough support from insto’s and HNW who are sticky and don’t need warrants or big discounts - will source funds from there as required."

Apparently we are just waiting on the funds to arrive, should hopefully be imminent. Looks like a nice 600k buy at 4.30 to offset some of the selling we have seen ecently

Frustrating SP movement for sure.. I remember similar frustrations in September last year when we drifted down to 4pish and there were some wild theories flying around about the DFC pulling out etc before it all got confirmed shortly after. Helpful for me in these situations to take a step back and see if the company is still progressing towards objectives which for me BRES definitely is. DFC second tranche will soon and for those who missed Mike's interview on telegram the other day, he suggested some offtakes could also arrive this Q. Nothing that's happened in the last year has changed my mind that BRES will return massive value over time, be that 2, 3 or even more years

Any predictions for where we will be this time next year? Even if rubbish market conditions continue I think 18-20p is feasible with the completion of the DFS followed by a DFC-led full funding solution and production on track for 2025

I would mark it down as a rare albeit small misstep from Mike if we don't receive any additional funding confirmation before EOY, given the interviews given since the first DFC tranche arrived. Confident it will arrive but not sure how the SP will look if we are waiting for another 6-8 weeks

We are stuck around 5p until there's more clarity over funding beyond the DFC, which I think will only emerge after the milestones are hit for the next DFC tranche. I was hoping this would be before xmas but RNS yesterday suggests it won't be. Regardless of SP the progress made by Mike and the team this year has been incredible, especially on funding and I am sure there will be more positive news on this front early next year

6/7 weeks since last RNS, I'm still expecting at least one if not two major bits of funding news before the end of year

5p seems to be a magnet until we get further funding updates

Agree, think we will see the second DFC payment coming in pre-xmas. Nice present on top of this would be confirmation of the institutional investment Mike also hinted at in his twitter interview last week, whether from new or existing partners. Exciting time to be in BRES, I'm fully loaded and looking forward to what 2024 brings