We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Braemore Res | BRR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.10 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.10 | 2.10 |
| Top Posts |
|---|
Posted at 21/7/2009 08:35 by masurenguy judijudi: "The management at BRR were totally inept at running a company but extremely good at presenting it. They have given a great little company with huge potential away for a pittance as this was the only road left open to them!! The people saying that it is a great deal for BRR have loads of Egg on their faces as they have backed this management all the way. The management have made these people look like idiots!"WD has been bullish on BRR for a long time. It is correct when she asserts that she has not directly advised anyone to buy shares - that is an individual responsibility - but her consistently bullish posts and uncritical view of management has undermined her credibility. However that's not inhibited her from continuing to post on this thread nor to rationalize the BRR/JPL deal in a favourable light in order to try and justify her position. I don't claim to know whether the BRR/JPL deal will ultimately prove to be a good one or not but the fact remains that it came about as a distressed solution for BRR who had got into a position where they really had their backs against the wall ! |
Posted at 21/7/2009 07:11 by assegai madprofessor44, my own view, which doesn't carry any special authority with it, is as follows: Forget about what the company is called and who it is owned by. Our shares now, day in day out, go linked in their fortunes to those of JLP. Soon this link is going to be an even tighter bond and our shares are going to disappear and become JLP shares. So the question is whether this new entity that is about to emerge as the result of the takeover is something which deserves our confidence? Here you need to look at the technical side of what the new company has going for it. Before BRR was good on technology, poor on raw materials and poor financially. Now, the new company will be good on technology, good on raw materials (look at JLP RNS of 4/6/09), and apparently in a much better position financially. The conclusion would seem to be that the resulting company is going to be a much stronger entity than BRR ever was, and a look at its current value (£45-46 million) would suggest that its true potential has not been fully factored into the price. Far from bailing now, I see things considerably more clearly than I did before. It was always going to require an important upheaval for BRR to get really motoring. Now we know what the form of that upheaval will be. The gloomy dissent that has accompanied this move seems to me to be due to an excessive adherence to the idea of BRR as an independent entity. We are not BRR, BRR has no soul, it doesn't matter whether BRR is independent or not, nor whether its name lives on. Go with the flow, don't limit yourself with rigid thinking and false attachments, and it will be seen that here at least union is strength. ...with all the usual disclaimers! |
Posted at 10/7/2009 13:01 by alimo In all this stir about JLP and BRR, and the pros and cons of what value BRR hasn't got right now, where does the value of the nickel workings in Oz come in? I must admit to falling into BRR because of the STRONG tip from RHPS which didn't have much to say about the SA connection at the time, but majored on the Oz prospects. He was still recommending this in May, and then told us in July that he sold out in June!! Is this nickel side of BRR now worth nothing, or does the JLP/BRR future together mean that both now become more viable, and therefore become more attractive to a future buyout. IMO neither are going places fast on their own, but with each other I see a good future. The price? Well, we'll see if the 15.88 divider is correct when the "independent" valuation is completed. In the meantime if BRR climb back to 7p all that will happen is the divider will be reduced, so no doubt the ones who want to stir will keep stirring - what a waste of good time. |
Posted at 07/7/2009 13:56 by robin_of_loxley I think its not necessarily that BRR had much choice.The choice that could be exercised was that shareholders could have chosen to sell BRR a long time ago seeing the writing was on the wall in this climate. I dont think there has been that much question about it really since around spring of 2008 and what has happened since then? price has fallen inexorably. The view I think from a sensible uninvested perspective at that stage would have been that brr's technology has great potential, but the potential for many a funding slip twixt cup and lip mean that it should be watched from the sidelines for a while. Seems to me the reason that the intelligent bulls who abound on here were not saying this, is that they were heavily invested (in whatever way) in the potential, and didnt want share price to go down. After all, reason BRR was on AIM was to raise finance, and a share price that had been kicked to death wasnt likely to help that. Reminds me of the classic graph of the share price of a mine from discovery to development and production. OK BRR were not mining, but once the excitement over the proof of the technology had given its nice upward blip in the share price the massive funding required just drove the share price down in the same way that a mining company typically falls in SP The situation has of course been made worse by the credit crunch, which has kept the share price on the ground. I still think the BRR technology has potential. I may look at JLP and try and understand a little better at what stage JLP is in the process, and how funding and timing will effect its share price I havent held BRR for a long while, and now the game is changing, its probably time to consider it again with fresh eyes. But richgit, have some sensitivity to the holders here who bought in much higher, of course they are not going to be loving the current situation (other than those long term big bulls that still seem to be sounding very institutional and grateful for what has been dished out). If you had heard how many times a certain person had been saying that the future for the technology was in BRR, the ownership structure would protect shareholders, how cash generative the business was going to be from the leaching etc etc....you would understand why some folk who became heavily invested on the rise and kept averaging down as it fell are hacked off. Trying to say that Judijudi is a shorter was really silly, shows you know nowt of what has gone on here, every time judijudi has been offered more brr rope, he's said thank you and paid for it (no disrespect judijudi) Sometimes folk are justifiably p*ssed off when the scales finally fall from their eyes, and this is one such moment for Judijudi, but to be fair they have been slipping for a little while now. This is just the icing on the cake. no advice intended RoL >>>>>>-------------- PS Hi dafrog, cheers |
Posted at 07/7/2009 10:34 by richgit judijudi.You cannot shoot me down as at some point others will see sense. I have absolutely no need to try and ramp JLP as if I had wanted to make short term money or sell my stake in JLP I could have done it when JLP hit near 60p just on its resource statement well before the deal with BRR. I am a long term holder in JLP as I believe its current value is ludiccrously low and that belief most certainly does not need BRR. I have posted on this BB to put forward the view that BRR shareholders will also gain,I am not saying it is the outcome many of you wanted,yet if you read what the following alone meant you may come around to considering that the deal is a good one based on what the alternatives could have been:- "The performance shares would have caused up to 30% dilution in our company - as a part of this transaction those performance shares are also removed off the portfolio for no benefit" Then add on the minimum requirements of new funds that would not have been easy to raise with that dilution,and with a little Maths you have more to gain now. Things dont always go the way we hope especially in such dreadful times,however where there is at least hope-there remains the potential for the returns. You dont have to believe me,indeed why should you,yet looking at the reality and the fact that as a BRR shareholder you are now gaining far more than a vulnerable stand-alone Business,as you are gaining a percentage of the $Billions of PGM`s JLP owns and now the potential that BRR will not only survive but may 1 day be returning the profits everyone was dreaming of. Lets face it,if JLP`s shares were still at £1.20 or BR`s at 22p we wouldnt need this conversation,yet facts are facts. Looking ahead we(JLP&BRR) could be looking at a Market Cap of a true Multiple of the combined. |
Posted at 07/7/2009 04:58 by robin_of_loxley Judi,You have my sympathy You will remember the debates I had with Wendy a long while back, I completely disagreed with her. I did suggest to you that I felt, for me at least, BRR was looking extremely unattractive while the funding issues remained, and in the climate that was unfolding. I did shut up and leave you to it pretty much after making my view clear. IMO the wonderful technology is worth jack all if they need funding, and massive dilution means the everyone knows the shareprice will have to take a hit, just a matter of time. (Of course they need funding, havent I always told you they need funding everyone know this I can hear some people starting to say...but despite what everyone knows, what MATTERS is what drives the price, over the timesacle that is relevant to holders on this thread - and despite what some would have had you believe ahead of time, I think the movements over the last couple of years have been significant to most long term holders) Until BRR financial position was secure I saw no point in buying back into this, it would stagnate, or drop, or have false rallies (IMO). For a while I had given the bulls on here the benefit of the doubt, adopted their mindset, but it became obvious to me that the bullish well informed opinions on here sounded no different to what I would expect board members or other significantly invested self interested parties to be saying to prop up confidence. When the confidence was found to be sorely misplaced and the share price starting dropping like a stone (from what 20p?), completely against the balance of opinion, it should have been clear to all of us the bullish opinions on the long term potential had pretty limited bearing on the short to medium term worth of BRR. I also lost personally lost confidence in BRR management at that time. IMO too many people have said what they wanted themselves and others to believe, tried to shift the focus to the long term, when in reality the long term potential was decoupled from the share price because of the massive funding requirements. I also remember disagreeing on the protective value of the ownership structure to shareholders. I agree it means that Atomaer interests may be protected but I did not consider that the interests of Atomaer and BRR shareholders would necessarily always be congruent. I felt it would provide no protection for BRR shareholders if the BRR price share price got hammered, then BRR as a vehicle would outlive its usefulness, existing as it does to be able to raise money to finance the big projects. As such, I felt by the time the South African listing was established, that the AIM listing was in effect, IMO, a busted flush. I anticipated the dilution at the low price, when others were saying management wouldnt allow it to happen. And even then I said the additional remaining funding shortfall would still dominate events, and more finance would need to be raised in the short term And as for richgit, well, it seems his interests lie with JLP and its share price from the direction of his opinions. Hardly surprising he wants BRR shareholders to suck in the pain and fall in behind the JLP banner like quiet, pliable, and supplicant shareholders. Is it just me, or do I seem to be hearing voices chiming with what I could imagine could be the views of 2 different board rooms echoing across this thread .... be happy little people for you are meek, and believe it when we say that in the long term you shall inherit the earth..... yes, I know we've told you that before, but you need to believe it, and so you shall believe it, the alternative is too distressing for you to contemplate.... It doesnt surprise me at all that the self appointed thread gurus seem to be telling everyone that they should still, despite all that has happened since the fall from 20p, consider themselves lucky.... and what a marvellous opportunity this still is.... Im sure they are their own views, but listening to the content, it may just as well be an advertorial... Its not a good thing when professional or amateur analysts get too deep into their own picks, get too cosy, perspective is lost. There was plenty of discussion of technical detail, but a deliberate (IMO) desire to steer people away from the reality of situation, the big picture of what was going to drive the short to medium term share price. Why, because no one could afford that view to dominate. When in reality, the smart money made that view tell on the share price whatever the prevailing opinion on the thread may have been. It may be that JLP provides good value to someone buying now, I havent seriously considered it yet. My gut instinct is again to be cautious for now. no advice intended, RoL >>>>>--------------- |
Posted at 06/7/2009 17:49 by richgit Reading more and more about BRR,I dont know why some are slagging off the Management.They stated quite openly they needed some more finance,they didnt start the rumours of the Ruuki Bid,and they did warn there was no Guarantee whether any offer would be accepted with the usual Caveats. They were doing what they said they would,and Ruuki was just plainly trying to take opportunistic advantage -is that what BRR shareholders truly wanted,to be be possibly totally taken out at such levels that can currently only be guessed at,and not what some belived in an oppotunistic situation. At least with JLP BRR remains alive and kicking with the ability to prove exactly what they wanted to,until Ruuki stuck their nose in. "The restructuring of the demonstration facility is targeted towards significant reductions in operating costs and reviewing the process units to better align with the proposed refining process. The process restructuring will be undertaken as swiftly as possible to minimise interruption to production at the demonstration unit. The refining process, once implemented, will increase the margins of the process to ensure strong commercial viability even at times of a strong Rand and low metal prices." Nothing wrong with that Statement and looks like a shrewd and realistic approach just a shame BRR shareholders dont seem to believe in it and in many ways like many stocks around left BRR atthe mercy of someone like Ruuki,so yes they willingly got in bed with JLP and I am sure for good reasons that will be clear to JLP & BRR shareholders over the months-as things unfold I for one am truly pleased that BRR joins JLP whereas I could have quite reasonably,as a JLP shareholder ,considered we were taking on a Lemon- however that is most certainly not the case,so JLP & BRR shareholders can unite in the knowledge that the combined assets and potentials of both now combine into an overall Business that can at least get both undervalued assets into the Spotlight. There will always be anotherRuuki as it wont have gone unnoticed why Ruuuki were hoping to ge their hands on BRR- the next one will have to pay the proper price and that will be to the benefit of JLP & BRR shareholders united. |
Posted at 06/7/2009 12:28 by aaspell 1 JLP share for every 15.8 BRR by end of year.Current JLP price rates BRR shares at about 2.5p - the further JLP falls the less your BRR shares are worth !! The opposite would be true if JLP ticked up to 63p valuing BRR shares at 4p. As neither us not JLP seem to happy with deal, JLP has no cash either but are confident of being able to raise funding (just like BRR were). JLP rose on talks of takeover with most appearing to think they were about to get taken out by a major (or even Ruukki)same as we thought at BRR. When it transpired that the talks were JLP taking over BRR both sides PI's appear to initially think its a bum deal. So now BRR price drops to reflect offer at a discount, further drop on selling out, and further drops to reflect it's linked to JLP and their price is dropping too. On the flip side JLP appears to be dropping as PI's sell out thinking there will be massive dillution as JLP need to now raised funding to move forward BRR projects. Tittle tattle talk that someone else may bid for BRR similar talk on JLP that major may bid for JLP once it has BRR. Nothing solid anywhere until further info is released by either party. |
Posted at 06/7/2009 09:30 by judijudi Stu,BRR's management have been inept in their running of BRR and their selling of BRR to JLP is in my opinion a bad deal. The whole deal and the share price movements and dealings prior should be investigated by the FSA. It won't though and even if it did the FSA is such a toothless beast with no backbone nothing would happen. JLP is a junior with serious funding issues. As a BRR shareholder JLP has been given BRR at a throw away price. JLP is not a good partner for BRR imho |
Posted at 06/7/2009 02:48 by alimo "RNS 16th June - "The Company has been advised by the Panel on Takeovers and Mergers that it did not consider the Company to have its place of central management and control in the United Kingdom and on that basis the Company was not subject to the City Code on Takeovers and Mergers ("the Code") and shareholders would not be afforded any protections under the Code. (comment - damn all protections under the meally mouthed "Code")The Company is subject to the provisions of the South African Securities Regulation Code on Takeovers and Mergers and the Rules of the Securities Regulation Panel ("SRP")." Do any of us know if the provisions of the SASRCTM afford us shareholders with more or less protections than ("the Code"). I have the impression that BRR were floated on AIM in order to raise capital, and when this was'nt a success we got a quotation on the Johannesburg Exchange earlier this year. But perhaps these moves too are not meeting with the directors plans. We (I mean Atomer) need hundreds of millions of development capital to expand Conroast and the nickel division and they will be scratching their heads about how to go about getting it. When the directors apply to the T&M Panel for a ruling like the above I would guess that they have something less pleasant for shareholders up their sleeves and in these times of no holds barred, they may just be able to p... all over us. Shareholders are just a means to an end in some cases, and particularly in the last couple of years, have been bought out at rediculously low valuations. If Atomer and a few large shareholders decide to go private and buy us out, will that make Atomer more attractive to suitors who want Conroast and the Nickel Division - say BHP, who'll want to pay as close to nowt as they can. So is it easier to shaft shareholders in the UK or in SA; that is the question! Hope I'm totally wrong." - (060709 - I was right about being peeeeed upon, but we still will have shares in the bigger company which will be a greater attraction.) To which Wendy posted "wdurham - 23 Jun'09 - 22:26 - 18113 of 18953 alimo - the SA equivalent of the Takeover Panel is based on the UK model. I don't believe there is any cause for concern." I noticed that one of the BRR/JLP announcements referred to the SCHEME or was it the SCHEME of ARRANGEMENT and my reason for asking whether the SA rules were any better was that Schemes of Arrangement can see off dissenting shareholders with a simple 51% and not the 75% most punters would think is necessary. AIM allows Schemes of Arrangement and I wondered if the SA rules did likewise. Anyway, I watched (as you suggested) the Russell video presentation and am still convinced that the SA Conroast and Oz/BHP make BRR a prize to own - I'm not so sure JLP are completely in the driving seat with this merger, just a better than Ruu(sumphink) deal - maybe they can work with each other better. However the JLP ownership is only the first step to getting the kind of dosh that BRR need, to getting the 10MW version of Conroast going. At present Conroast is our only bargaining tool and considering the unavailability of cash sources right now, the Jubilee deal gives us more access to large PGM resources, (which is what we want) so we make ourselves more of a threat to the big three, who in turn will now have us on their horizons. The next deals will be the interesting ones cos JLP on their own haven't got the development capital for the Conroast and Oz projects. I was going to buy more at around 4p last week but didn't get round to it. So I can either buy more BRR at lower than 4p, or look at how the JLP share price moves. I expect buyers will start to mop these up, in advance of the next deal. The 3+p price is maybe all JLP can afford right now, but I sense these hard nose guys know what they are about in this industry, and if we cant get the big money to the table yet, then we'll have to keep purposefully reinventing ourselves with other fish, so one day we become the big 'un. The big three wont be sitting back doing nothing, especially if we find we become friendly with say CFM and really start to go places. The technology is good, and hasn't gone away, and BRR will still be there in charge of the furnace and refining. I see this as only the start of an exciting ride, and if many others see the huge potential going forward, who knows, Jubilee could even be forced to up their offer. Let's hope the "independent" valuer is honest (is this word still used in business - or is there no end to the blatent greed in the Boardroom? What does our NOMAD have to say in all this?), but then if he's paid by the company what hope is there of that. Am now cross-eyed, so must go! |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
