Brinkley Mining Share Discussion Threads

[gluefactory] 20/4/2010 09:26

buying at a discount of 50% to value means he is buying the Dragon shares and cash on the cheap - and he gets to have a listed company if he requires it.

But thats my point - others may like to acquire a 12.68% interest in Dragon at any time(current value $8.04million - £ 5.275million plus cash in the bank),and Gunzburg will be well aware of that - so my guess is he will make an offer in the not too distant future(and obviously before Dragon shares rise if thats what they are going to do)


Edit: As I previously posted - BRM is now regarded as an Investment Company but the only investment it will ever make is in Dragon and indeed a reverse takeover may be his game plan

[jotoha2] 20/4/2010 09:11

Chris , what advantage is there for Gunz to try to buy the company , he already has a substantial holding and is in the driving seat , if he wishes to remain listed then being a major holder to that extend will deter any new investors as the situation develops here , we are all not to sure what his game plan is, but buying all the shares would appear strange to say the least.

[chrismez] 20/4/2010 08:46

Maybe Gunz was scared off making an offer for the rest of BRM, and at the last minute, because of the sudden spike in the share price

I dont think he / Eurogold want to pay any more than 1p for the 60% they dont already own, so he's probably gonna wait now for the share price to retrace to 0.60p area.

Just some thoughts - not trying to de-ramp - still holding here and at a costly loss the lower it goes.

[gluefactory] 19/4/2010 13:04

There are only two market makers on this stock

[gluefactory] 19/4/2010 12:31

Moira:The asx news was from Friday and Mondays Australian trading was extremely light on Dragon and actually reflected a 3.5% drop over Fridays closing price. BRM will hit a decent price when Dragon hits reasonable levels or if a predator wants a major stake in Dragon or if Eurogold get in first with a market price offer.(Gunzburg is stake building for a reason and he would not be throwing Eurogold cash at a gamble)

Either way happy sit and wait on developments

Nothing in the report that was was not known to investors prior

[1399peter] 19/4/2010 12:31

Fandango - 19 Apr'10 - 11:49 - 2517 of 2521


Not being funny 1399Peter, look at these for good grades per tonne.

Indeed they are, perhaps BRM should invest over there for lower cost mining!

[gluefactory] 19/4/2010 12:21

Any preditor for Dragon would be more than happy to pay 0.5p a share for BRM :)

[la malabarista] 19/4/2010 12:09

I agree with 2515

Looks more like back to 0.5p - Nothing likely to happen for some time

[fandango] 19/4/2010 11:49

Not being funny 1399Peter, look at these for good grades per tonne.

RNS Number : 9770I
Patagonia Gold PLC
23 March 2010

PATAGONIA GOLD PLC

DRILLING RESULTS
CAP-OESTE SOUTH EAST (COSE) GOLD-SILVER PROSPECT
SANTA CRUZ PROVINCE, ARGENTINA

Highlights:

Drilling continues to intercept exceptionally high grade gold and silver on the
COSE prospect located 2 kilometres south east along strike from the Cap-Oeste
gold and silver resource, with drill hole CSE-27 intersecting:

13.93metres @ 159.23g/t gold and 627g/t silver

Including

1.60 metres @ 1,284.15g/t gold and 3,977g/t silver.
..............................................................................
RNS Number : 3091D
Patagonia Gold PLC
01 December 2009

PATAGONIA GOLD

EXCEPTIONAL DRILLING RESULTS
CAP-OESTE SOUTH EAST (COSE) GOLD-SILVER PROSPECT
SANTA CRUZ PROVINCE, ARGENTINA

Highlights:

Exceptionally high grade gold and silver has been encountered on the COSE
prospect located 2 kilometres along strike from the Cap-Oeste gold and silver
resource, with drill hole CSE-13 intersecting:

4.10 metres @ 561.6g/t gold and 28,523.0g/t silver including:

0.85 metres @ 2,104.6g/t gold and 107,648.0g/t silver

[chrismez] 19/4/2010 11:35

Well not quite the RNS we were expecting/hoping for !

So back down to 0.50p then eh? !!!

[1399peter] 15/4/2010 19:00

The two 500k trades before and after close, I am assuming these were buys.

EDIT: rollovers

[1399peter] 15/4/2010 08:53

Interesting, and some good grades per tonne.

[whitewoolfe] 15/4/2010 07:22

From HotCopper:

"The Jokisivu Gold Mine is located 40 kilometres southwest of the Vammala Production Centre and hosts a Measured, Indicated and Inferred Resource totalling 368,000 ounces from two deposits 200 metres apart.
The Kujankallio deposit has been shown by drilling to extend to at least 525 metres in depth, though resource drilling currently extends only down to 440 metres, whilst the Arpola deposit has only been drilled down to 200 metres.
Both deposits remain open with depth and along strike and recent diamond drilling has indicated that the two deposits Arpola and Kujankallio may possibly converge. "

[tamboerskloof] 14/4/2010 20:48

For what it's worth; I dont think that there is a P&D in progress, I have increased my holding by a further 200K over the last two days especially at these prices, the 100k after the 1m was mine and as anticipated further smaller puchases followed which is pretty standard practice after large stock purchase has been made, I waited almost an hour just in case the 1m was cancelled however it held firm, so hopefully news may evolve on monday. Whatever happens on Monday, good or not so good with PG at the helm a future for PI's is at the very least a possibility, more so than with the last management arrangement, long termers will know what I mean.

[jotoha2] 14/4/2010 18:48

glue...a fair bit of buying in the last 3 weeks , some of that has now been sold , so thats your dumping , appreciate not to much ramping took place because it was purely a punt based on valuation , I to have been buying at previous low levels , but am still holding as I find this very interesting .

[gluefactory] 14/4/2010 18:42

Wiloughby - Ni still have my full compliment of shares.MMs would only take 500k at 1.1p yesterday so I declined.They are now fully paid for so I will wait and see what transpires next Monday and indeed beyond.

Jotoha - dont understand what you mean by a pump and dump.There was over 11million shares traded on here and plus each day Monday and Tuesday,and prices of up to 1.75p paid.Likewise the board here has hardly been a pump and dump ground as you will note reading back on the posts


The valuations as Wiloughby have not changed here - shares in Dragon and cash in the bank amount to £6.4million and they are currently undervalued

[wiloughby2] 14/4/2010 14:27

I just noticed a 1 mill purchase go thru at 1.1p.