RE: Bank Holiday Viewing8 May 2023 18:35
Yes will add 88e and IOG
Looking for those capitulation plays where as the O&G sector looks most difficult it throws up the best buying opportunities.
Took a small position in KOD from 0.04 when it was at capitalisation stage and the only contributions on their bb was repeated savage deramping about all the placings and CLN's.
All that was technically true but they had eventually got to the DFS stage and offtake partner which meant a viable JV could be sourced for development which is what has happened but also helped by the skyrocketing prices in the lithium market which also aided PREM.
When lithium took off so did the SP and allowed BA to throw another placing in at 0.135p when it had risen to 0.20p annoying at the time, but it was used to pay off the CLN's which once the market got their head around this the price then moved to 0.4p then pulled back to 0.21 then has run up quickly on the JV financing.
BRES could do similar, but they are 3 years behind where KOD are.
I need to get closer to graphite prices, it's strange that demand hasn't seen graphite spike as much as lithium.
Re BRES.. Still think a placing or some form of finance has to be announced and having traded it a fair amount and now on sidelines I'm going to wait for that to land. All talk of financing at the project level doesn't make any sense to me until they have a bankable DFS that fully sets out the project economics. Lots of potential if they pull that one off as planned. Looks like some kind of update due imminently.
Everything BRES has shown some signs of moving back up on the chart they have thrown another placing in, several placing since listing in 2020 and that is the necessary evil of getting a mineral resource that's already been discovered into production. Once all the finance is sorted, off takes in place and permits it could really move.
There is also the outside / left field chance that a OEM partner comes in with the money out of nowhere as a way of securing their own supply as I believe samples have been sent to manufacturers.
This would be unusual as I think only Teala so far has purchased any resources directly and that's probably because they will become a major battery manufacturer.
It's much more likely the project runs the traditional route of DFS/oftakers/JV etc.
RAB capital seem happy injecting funds so won't be surprised to see then come back for another scoop or two.
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