Member Info for Serendipidity

Absolute shysters, but it will just reset 10% higher on open tomorrow

Those are my two 28,794 buys this morning, not a lot of volume here.

Maybe holders all holding

So daft that late reported trades impact the closing SP

Genuine question. I am excited to hear these predictions as I have sold GROC and SVML to buy in here (and plan to add this week) and am confident on its future.

Where will this SP jump come from, are there PIs sitting on their hands waiting to buy at an inflated price. Not sure this is yet on the radar of IIs.

Have been disappointed by so many miners in the past (most recently KEFI where great news led to a massive SP drop) so I take SP predictions with a large pinch of salt.

I am sure this is worth the prices mentioned, just want reassurance the good news will get noticed and reflected in the SP.

Thanks

Spot on Stephen

I would prefer buybacks (SP appreciation) to dividends - CGT over IT - but we are getting ahead of ourselves.

Once the equity piece is done I thi no the obvious value add is a refund to KEFI parent of exploration costs (can someone confirm this is c.$10m) and a consequent confirmation KEFI doesn’t need to raise prior to 2027 when mining begins.

Topped up at 1.2, this is just panic selling over an inconsequential POG move I the scheme of things. Now sitting on my hands

Thanks 99

From Chat GPT plus adjusting for this I reckon about 75 million

great to get cash in, but not sure why the (very slight) dilution at 4p is great news? Does BRES need the cash for opex?

Ah looks like some warrants getting flushed out (new RNS) and probbly sold into an easy profit

I am fairly new to BRES, how many o/s warrants are there?

Yep, lots of amibitous posts talking about 10p, 20p but it barely budged on the last excellent RNS.

Some bigger news to come of course, but this needs some better PR and PI attemtion if the SP is to move up to something like fair value.

I am still postivie and holding and adding to my position slowly

Can someone confirm how many warrants (broker or otherwise) are outstanding?

Link please

Reading the RNS it’s already over-subscribed so KEFI are in a strong position when negotiating terms. Also any equity issued will be in the subsidiary not KEFI.

And KEFI have funded 10m of 100m themselves.

Can someone confirm what the “c.US$10 million of KEFI share participation post-closing in respect of certain closing fees and costs” refers to? Is the expense we have already incurred that is due to be refunded or credited back to us as shares in the subsidiary?

· Equity-risk project capital US$100 million:

o A significant portion has already been secured, with US$20 million from the Government of Ethiopia, US$10 million already invested by KEFI and c.US$10 million of KEFI share participation post-closing in respect of certain closing fees and costs.

o KEFI has received conditional proposals that exceed the remaining amount of $60 million, through a combination of:

§ non-convertible preference shares for Ethiopian investors ("KEFI Ethio Prefs") issued by newly incorporated Ethiopian holding company KME Minerals Ethiopia Holdings Limited ("KME Ethiopia"),

§ a subordinated equity risk note structured as a "Gold Prepayment" or "Stream" from a mining specialist fund, and

§ the issue of ordinary shares in either of the Ethiopian subsidiaries, priced on the basis of a TKGM valuation reflecting its advanced status as a funded project in construction.

Esduk - quite right, I was referring to standard trades not after hours, the buy / sell indicator is just an algo based on mid at time of trade.

People should just ignore the buy sell indicator and look at price

Yes I bet PIs sold

I wonder who bought them, smarter PIs I suspect, maybe some II. I will buy more of the open if SP stays near this level

Yeah very frustrating - and the equity raise is at the subsidiary level, so giving away a % of the mine, not at KEFI level - so no direct dilution

hoping common sense prevails (difficult on AIM I know) and this rises back up to 2p level in the short term

Added to my position, very odd tree shake but lets see where we end up when the dust settles

Pretty disappointing SP considering the good news today.

House!

On the investing cliches