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BRM Brinkley Mining

1.60
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Brinkley Mining LSE:BRM London Ordinary Share GB00B15SQZ22 ORD 0.15P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.60 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.60 GBX

Brinkley Mining (BRM) Latest News

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Brinkley Mining (BRM) Discussions and Chat

Brinkley Mining Forums and Chat

Date Time Title Posts
09/2/201119:55Brinkley Mining PLC2,782
24/6/200821:37Strange no trades1
17/10/200612:17Brinkley Mining off to the races....up 10%+ already...views? nm1
12/7/200613:03BRINKLEY MINING - A PROMISING URANIUM PLAY3

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Brinkley Mining (BRM) Most Recent Trades

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Brinkley Mining (BRM) Top Chat Posts

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Posted at 06/2/2011 17:44 by tomandgerry
Hi Glue,
Still caught up with suspended Equator CFDs and so doing virtually no trading. I have recovered fairly well on some other plays, notably Cambrian Coal taken by Western then in turn by the yanks. Also gained with Fortune. I had great hopes for ENK but they are being screwed about by the Turks over a forsetry felling license.

Would you believe that I never even got on to the broker over BRM?? My BRM holding is only worth about €1300 at this stage. I moved most of my shareholdings to Saxo bank a few years ago, when I left BRM and a few odd ones with Sharewatch as saxo wouldn't take them. I have been out of touch with Sharewatch since, tho I gather they have been taken over too - must follow up on it.

I have too little liquid funds until lately to do any trading but I am thinking of dipping my toe in again soon.

I am surviving the resession as I have a business that seems designed to thrive on adversity but it has had to keep funding my past property mistakes, which continue to gobble up any loose change I generate. I have not had to sell anything in distress, however and remain (cautiously) hopefull!!

Sorry to hear you are caught in another suspension, tho it seems to e at least at a profit....

Regards,

Tom
Posted at 09/12/2010 21:14 by tomandgerry
Hi Glue,

I just hold a small amount of BRM - 64222 shares - so I have not paid much attention to this up to now. Most of my shares are with Saxo Bank, where I have a trading platform, but they wouldn't take my BRM when I transferred my holdings from Sharewatch/Sharedeal? a few years ago. I have simply left BRM and a few other small holdings with Sharewatch since then. They were taken over by ODL earlier this year and I have not yet activated my account there. I have not heard from ODL with regard to BRM as yet but I will enquire tomorrow. I have not found any difference (up to now) in being Irish/UK in terms of my AIM and FTSE holdings.

I trust all is well with you - you were quite heavily invested here as I recall. Did it work out okay for you?

Regards,

Tom
Posted at 28/10/2010 10:46 by linney3
stu31 - Your calulations are flawed. 10,000 BRM eqates to 839 EUG shares.EUG trade at a mid price of 25cent putting a value of A$209 on the holding which equates to £129 or 1.29p when divided by 10,000.So effecively the share price is not tracking EUG at all

Also,Chris,I disagree with your dilution theory.BRM shareholders are being given a stake valued at £4million in EUG.However thy are bringing over £10million of immediate value to EUG,and this increases EUGs net worth by over £6milion.

EUG has a current capital value of £9.47million so the dilution of 28% is far outshone by the immediate value being brought to the table in DRA shares and pure cash.
Posted at 28/9/2010 09:19 by linney3
Dragon hit 20cent overnight on over 25million shares traded,settling back at a close of 16.5cent.Eurogold shot up to 27cent on under 500k shares traded.DRA plans to recommence drilling in Finland.This activity occuring when the Aussie market was down and mining shares wer badly affected.

Needless to say,BRM has not budged.

On EUGs valuation of BRMs asset valuation at end of August,they have grown 65% on DRAs overnight close including the 35% reduction - basically BRM shares have a total value of 3p and with the 35% deduction 2p a share.This figure excludes value that can be achieved from BRMs land banks.

Without labouring the point BRMs investment in DRA is valued at 5cent a share by Gunzburg and he is sitting pretty knowing that his offer expires at year end and not a lot anyone can do with the share price until then.

The hope I hold is that DRA will become a takeover target and the BRM holding in that company will attain full value and a premium paid.

Alternatively,if the DRA share price were to surge it must be reflected in BRM pricing level even while Eurogold have a takeover offer in place
Posted at 17/9/2010 09:25 by linney3
Dragon have issue a news item - Commencing underground development aimed a paving the way for mining longevity.DRA share price has closed at 14.5c having touched 15c.EUG share price has also risen past 2 days to 24c.

Gunzburg must know that he has little chance of pulling off a stroke with BRM shareholders,and as the month end approaches DRA share price can only increase
Posted at 09/9/2010 10:31 by linney3
aka Gluefactory - The proposed acquisition would give BRM shareholders exactly 40% of the enlarged Eurogold stock.

An interesting point on the calculations - DRA stock was at 10cent on 31st August - the calculation date,and now trades at 14cent ie.40% above the valuation.Remember BRM has a 12.68% interest in DRA,and EUG only a 4% stake.

BRM therefore have over a threefold greater interest in the rising asset that is DRA shares.

Any major holder of BRM stock will see the differential in price offered and reject the acquisition offer IMO.

For the record based on Eurogolds 35% discount to asset value the 14cent valuation would put BRM shares on a value of 1.6p and not 1.14p as EUG would like us to think.As Chrismez said they chose the price 8 days before making an offer proposal.If the DRA price had not shot up 40% my guess is they would not have made an offer at this time
Posted at 08/9/2010 11:35 by linney3
Onward and upward Samtom (should you not be looking out your window at Connaught Offices - a few PIs might like to have the same view as yourself with a few loaded 6 shooters!!)

I have done some crude calculations on BRM value vis a vis Dragon holding coupled with remaining cash:

BRM holding in DRA equates to 12.69%.DRA value is $99.54million which is $12.63million - BRM investment was $8.4million so we are showing a profit on investment of $4.23million.The pound value of our holding is £7.5million which when coupled with cash in the bank at 30th June 2010 of £867k(less £167k for costs for Q3 which is pessimistic) Total = £8.2million.

There are 356,336,248 shares in issue,giving us a share value of 2.3p today(This figure does not include any assets within BRM such as land banks etc)


For the record Eurogold participation in BRM was in 2 major tranches.The initial purchase of 103.5million shares was transacted in August 2009 at a share price of 1.85p.The second tranch of 39.5million was transacted in February at a price of 1.45p.(The total % of these 2 buys is 40.19%)There have been a few minor top ups at a penny and under bringing Euro holding up to 42%.and which Eurogold are now showing over 50% loss on investment value based on the bid price of BRM currently. Crude figures show Euros investment in BRM to be around the £2.55million level,which equates to a £894k profit ( 35% return) on their investment at todays "asset" value.However,as I have stressed numerous times before,I do not believe Euro are in BRM for a "punt",and the real value to Euro will come from their DRA holding(of which they also hold 4% privately)coming to fruition

Ok - end of rant!
Posted at 07/9/2010 10:47 by chrismez
Linney - not sure I agree there - Gunzy to his credit in his last missive to the market said that he and Eurogold were looking for ways to enhance value for BRM's shareholders (which of course includes themselves).

We all took that at the time as meaning that Eurogold might be on the verge of making a reasonable offer for the remaining 60% Eurogold doesn't yet own.

Unfortunately that offer didn't materialize but at least Gunzy knows that if he gets BRM's share price to 2p he's gonna make a bundle on his investment in BRM - leaving aside his investment in DRA.

As for DRA - the key there is extending mine life and increasing resource estimates. If as Linney says they can do this in the Sept report then DRA can be viewed as a reasonable asset. If not then it wont just be DRA that tanks!
Posted at 06/9/2010 20:47 by chrismez
Samtom/Glue - not only is the share price cowed by the fact that BRM is viewed as an investment company these days (therefore undervalued and under-rated) the problem is compounded by the fact that this particular Investment turkey is seen by the market as having consciously decided to place all its eggs into one basket - cue further under-rating !

I shouldn't hold out any hope for BRM to sky rocket every time DRA goes up a couple of cents. That aint gonna happen.

And speaking frankly its beginning to seem as if a bid for DRA is the only way BRM's gonna realise a reasonable profit on its singular investment. After all multiple buys by Eurogold and Gunzy have done absolutely nothing for the share price in recent months.

In another company I was into recently - a miniature miner in Oz with one asset - a gold field in Tanzania - quite by chance and luck Barrick pitched up one day and said G'daye Mate - wanna sell your field?

Thank heavens for Barrick !
Posted at 28/4/2010 19:26 by chrismez
Seems to me chaps that Eurogold were on the verge of makin an offer at circa 1p last week for the 60% they didn't already own.

Then the market got wind of it and the share price spiked.

Eurogold/Gunz backed off and BRM simply put out the Audited results.

Then as a consolation prize (once the share price reversed) back down to what they're used to paying, Eurogold trousered 1.5 million more - mere bagatelle to these boys.

They'll be back in for the rest - no question.

But they've shown their hand and they've shown more than once what they want to pay for BRM and unfortunately it aint a huge amount - 1P per share max.

What interests me is that Gunz is Chairman of both BRM and Eurogold - does he advise Eurogold when to buy BRM ie when 'the price is right'?

!!!!!!!!!!!!!!!!!!!
Brinkley Mining share price data is direct from the London Stock Exchange

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