Member Info for zapsnap

no1 plasterer - i think they raised at 5p?

IMHO, by the time the DFS arrives, it will have already been priced in - this is what happens in normal markets. We already know in general terms what to expect - this is not a gold mining company where every oz is going to make a difference and surprise the market.

The funding is the key - If you go back a few years and listen to all the interviews and if you meet the CEO, you will realise that he is v astute. the current sampling program in China might take weeks or months. It adds confidence to what has already been found - and at no/little extra cost. once we have this it will also be easier to find other partners. But BRES will not be sold out cheaply or accept poor terms. The resource is huge and it is likely that a JV may be signed with multiple partners for different parts of the resource (at different times).

This is one to hold. over the last year, the volumes have picked up (still low relatively to other AIM shares) but it is still under the radar. I think it is still undervalued. personally i am expecting it to trade nearer the 10p mark in the coming weeks/months. but the market does whatever it wants. DYOR.

I first bought in here back in May 2021 at 6.84p. Since then i have been accumulating. in hindsight, my entry was too early. However i have been following Bres very closely. What i can say is (and this is v refreshing for AIM):

1. Mike has been very clear on timelines and has largely kept to them. We are still on track. Many CEOs cant even keep to deadlines months in advance let alone years.
2. The board are very careful with how they use the company funds. They are accountants.
3. The resource is huge - read the RNS. once the funding comes, the share price will be many multiples.
4. Graphite demand will only increase
5. free float of shares is small.

how long before we here back from WUT in China? it might be weeks or it might be a few months. no one really knows.
This is a great opportunity to get in - I have been waiting for 2 years and this i think will be the year. I also believe that we will start seeing some sort of re-rate in the coming weeks. The current mcap is a joke. GLA

Just added another 50K today. It seems cheap but i guess the problem is that shares can always become cheaper. But i thought ... ok if it falls by 1p, i lose £500. the upside has to still outweigh this. i would say i have far too many of these.

My patience is running out fast. If i did not believe in the resource potential, i would have been out ages ago (like many of us).

Thank you to Bhargav and other posters (wont mention names) - This is one of the best boards on LSE.

Here you have a country full of resources, capable of standing on their own feet and looking after their people. They have companies ready to invest yet they continue to prefer to live in the way they do and sell/rent part of their land to China.

It is outrageous.

Roger, you must watch all the ceo interviews in the last 2 years. If you do you will draw a different conclusion.

Nothing has happened yet. The heard has not arrived, though this is getting more exposure.
Once the pilot commences this will start gaining more traction.

Positives:

1. The resource is incredible - both grades and quantity. Read the RNS yourself and the research notes. Make up your own mind
2. The free float is small. Go to the Bres website and look at the free float.
3. The board - have always been upfront and honest about what is going on. From my experience they have never ramped and always been clear about timelines. They want to protect shareholder value and as accountants understand the need to use their cash reserves wisely.
4. They do not need to raise any money in the near future.
5. the demand for graphite will grow and this puts the quality of the BRES resource in pole position . DYOR

Negatives:

1. There has been some dilution over the last 2 years which has been frustrating as a LTH.
2. The pilot with the Chinese needs to be successful and a longterm JV partner has yet to be announced. (not really a negative but an indication that success has not been baked into the price)

I can go on. But like always DYOR. At the current point, personally i value BRES at £20milliion mcap which is around 10.5p. It is grossly undervalued. I appreciate peeps and research notes are talking about 40p, 59p etc in the future. At this moment in time, I think this should not be less than 10p. IMHO. DYOR, best of luck all.

*5 weeks to end of year

RP said no news until Q1 2023.
Many peeps are thinking this will go back to 6p. It may well go back to this, who knows? but the more peeps that are prepared to buy at 6p the less likely it will happen.
I think at some stage this will be atleast 9p plus minimum, so there is still some money to be made even if i buy more know.
But my head is saying, wait for around 6p because we still have atleast 5p and RP is not the most helpful when it comes to RNS and being open & honest.

I added 50k this week under 10p. I have broken all my investing rules. I have far too many and i will need to offload some by middle next year. Still in long term but patience is runningl thin only because of Brad. I can give him the benefit of the doubt around the complexity of news delivery. However his lack of share purchases on the open market is a disgrace. I dont care what his financial position is. He has been drawing a salary so no reason whyl he could not have 500k shares) by now min.

......... Along with any other share that does > +/-10% in a day.

I think it is also important to recognise that the free float is small, so little bits of buying (and selling) significantly moves the share price. i think we are still grossly undervalued.

I am glad to hear that you are in profit. well deserved for your patience.

Biker - i have been here for donkey years and bought at 6p. have averaged down over the years but each time i bought i knew that this would be big. Its difficult seeing price go down for obvious reasons but i was never worried because of the quality of both the BOD and the resource.

I am amazed that RP is expecting results in Q1 2023. We were told that there was drilling end 2021 and we all waited only to be told in the summer of 2022 that there wasn't any drilling.
Now, Drilling has been allegedly going on since August and we have a few photos of RP's lunch box. I am sceptical whether the drilling actually started when they stated it to have started. No doubt something has been drilled and I would not be surprised come Q1/Q2, RP states that not all drilling was not completed due to weather. just cant trust the guy and hence why the fall today.

But, what is in the ground is what counts. But we should expect a bumpy ride until we get results. This may be Q1 2023 or it might be Q1 2123. No one knows when you are dealing with disingenuity (if that is a word!)

Brad agrees with everything but then does nothing! absolutely zilch. He cares not about the share price, why would he? The number of shares he holds is what a punter would put hold. He says he has no spare cash, then how will he pay for any of his warrants (unless he plans to sell them straight away)
Anyway, like everyone else i am here for the stuff in the ground. The stuff in the ground and the JV predates Brad's arrival.

Hi Djm, i guess it all depends on the terms of the funding but to be absolutely clear i am expecting around 12p before this pilot venture is complete. No one knows what the market will do. All i can say is that this feels grossly undervalued if you want to invest in graphite. What i can say is that the volumes have really started to pick up in recent weeks, there was a time when there would be no more than 10 trades in a week. GLA.

I have been here for about 2-3 years. I have a holding of around 450K shares. i actually added more today. This is going to be massive. And i fully trust the leadership, which means a lot in AIM world. 2023 - I am expecting a min £20million mcap. GLA

It has been around 13 weeks since drilling started in Red Setter. I am expecting results any day now. i think i saw someone write that there are delays of 10 weeks. so we should be close - any thoughts?

The market seems to be less sure know.
Meanwhile RP has gone out to get a new camera so he can take better pictures.