RE: GEX12 Nov 2025 00:37
BRES was firmly on my watchlist back in the day when for the first couple of years of it's listing all the posters used to call the CEO "5p Mike" Because he regularly kept doing placings every few months around the 5p range. :-)
I actually had a fairly chunky holding that I'd built up from the start of 2022 ahead of the April 2022 updated JORC announcement.
I'd been really patient, and waited to get what I saw as a decent average (sub 4p) from buying around Jan 22, selling on the feb 22 spike and then buying back in March '22.
I was very confident that after a couple of years watching from the sidelines and then trading in, out and back in, this was the time to go long in a big way.
Anyway April '22 arrived and a cracking JORC update RNS landed at 7am and I thought BOOM!!!
Then 7.30am and a second RNS landed ........
................ Another 5p placing !!!!!!! :-))
That annoyed so many invested at the time.
Anyway after that, I sold out in tranches and walked away with a small profit thinking that management just can't be trusted not to keep throwing in 5p placings to support the 'story'.
The "5p Mike" thing had become a 'in joke' so I decided to forget BRES.
Anyone who has taken a position on the lows earlier this year are well in profit by now.
I had funds tied up elsewhere that have served me well, but watching it finally break the range I'm hoping that this time things are different for those of you in the run up to DFS.
I noticed that '5p Mike' recently did another placing around his favourite share price back in September.
I've got my fingers crossed for you that this time, when the DFS lands, they don't throw another placing in on the same day like they did when the JORC update was announced and '5p Mike' will becomes a thing of the past..