Braemore Res Share Discussion Threads

[johndee] 08/7/2009 13:02

The share price is still higher than it was in feb/mar/apr

[judijudi] 08/7/2009 13:01

And I might add indicating all the time at presentations and within RNS's that all was fine and going to plan though funding would be needed.
Is that legal???
To me from where I'm sat its deception!

[judijudi] 08/7/2009 10:04

The more you look at the actions of the management the more you realise just how inept they have been in the running of BRR and just how bad a deal this is for us. They have ground us into nothing with their poor decisions and have eroded nearly all shareholder value. Talk about being backed into a corner!!
JLP share price continues to drop day after day and much more to go I reckon. Thus making the extremely poor deal even worse for all us holders.
Shambolic!!

[david77] 08/7/2009 08:08

"Supermoto - 7 Jul'09 - 22:30 - 19159 of 19170

BRR tech is just not that exclusive, Ruukki, bought Mogale, they dont need BRR Terry said they will go in over or around to get the tech, THEY'VE got it or very nearly it and the % difference dosent make a damn, JLP cannot get Tjate up n running without massive funding where's it coming from short term production! a little may be, dillution, more than likely, TO from a major, possibility,

My monies on dillution and thus further depreciation of the BRR share, hopefully we can look back on this debarcle of a situation around 2011/12 n laugh"

I agree with what you say except the last sentence - should be "My monies on dillution and thus further depreciation of the BRR share, I expect we can look back on this debarcle of a situation around 2011/12 n cry"

[okuta] 08/7/2009 07:29

Where has Dr Phosa been whilst all this has been going on ?

[dalcon01] 08/7/2009 07:21

dafrog - just put him on filter, then you won't have to.

[dafrog] 08/7/2009 07:17

Good post Poet, it's a pity that long posts have to be cut and pasted into word docs to make them readable. If it's intco then why does he take it out on us instead of the crooked market?

[judijudi] 08/7/2009 07:11

the poet,
Great post. Brilliant

[kennyken1882] 08/7/2009 06:47

Yes very well said Poet. lies, lies , lies.

I shan't be voting for this. I think the company could easily have raised the money for working capital to last until the smelter smelted enogh to cover costs. Private shareholders should have been approached and offered shares at a slight discount when they were trading at 5p+.

I think we should vote to do something like MDX are doing with the SCLN.
If a company like MDX is capable of raising 6 million pounds like that. I'm sure BRR can.

Private shareholders unlike insti's are more likely to hold rather than sell out at a small profit too.

It has been admitted the discussions have been ongoing for months. But with JLP's share price languishing at 8p a 15.8 -1 share offer could never have been passed. So... it had to be at a time when the SP's had been manipulated to a barely acceptable level. I think the terms had been more or less agreed and had to wait for the time where the SP's were aligned to those terms.

The only hope is that all the lies and manipulation are for the ultimate good. And I do emphasise HOPE. My mind can think of some weirdly twisted ways in which it could be beneficial but I shan't put them down.

[the poet] 08/7/2009 02:10

ROL, if I was this quizative a while back I would not have lost as much money, but its hard to be quizative when every presentation and news release is positive, until the news that your near liquidation.

So be it, the damage is done. From now on I'll approach investing with the following mindset: everything they tell you is a lie, and its up to you to figure out what they are not telling you?

And come to think about it, all this trouble would probably have not come to pass if we had a chief financial officer (CFO), who joined around September 2007 and left shortly afterwards, and Braemore didn't bother to inform the market.

[robin_of_loxley] 08/7/2009 01:49

cracking post poet

[the poet] 08/7/2009 00:37

Ruukki Group's South African CEO Alwyn Smit and Sylvania chairperson Richard Rossiter said that the strategic rationale of the combined entity was the integration of the mining and the processing of platinum-group metals (PGMs) and ferrochrome, which are generally hosted in the same orebodies.

Chrome and PGM material are frequently found in the same place, which is very synergistic to create an integrated mines-to-metals producer of both ferrochrome and platinum. The thing that makes our production process quite unique is that Mogale Alloys makes use of direct current (DC) technology and it's relatively easy to change the production from the furnace. This will allow the development and refining so that we can go all the way through to PGMs," said Smit, the former CEO of JSE-listed Decillion, a company in financial advice, service and risk consulting.

The PGMs that Sylvania produces can be processed in DC furnaces, using technology developed by South Africa's State-owned Mintek, that can process both ferrochrome and PGMs.

The low-grade chromite produced as a by-product during the treatment of
UG2 ore could be used for the production of ferrochromium.

The situation is quite different for Platreef ore, where the contained base metals may be worth even more than the precious metals.

Now if we are to believe that Ruukki/Sylvania approached Braemore to do a deal. Braemore had a choice Sylvania or Jubilee, Braemore once went after the grass valley project but got turned down which is now home or soon to be home to Sylvania. So Braemore would of had the ounces, for why else would they have previously tried to enter a joint venture with Pan-Palladium? Sylvania has a 40MW DC Arc Furnace at Mogale which could easily be adapted for the conroast process, which would of saving both companies the best part of $100 million being talked about now that Jubilee and Braemore are going to have to come up with for the conroast and refining section. Sylvania also has the tailings that Jubilee have. If you could of chosen between Jubilee and Sylvania, I don't know how anyone would of chosen Jubilee. It also stretches out the project for years with the tjate mine ever been developed, which most doubt it will.

Now as far as Atomaer giving up their performance shares, I believe this to be a red herring. Hey, look what were willing to sacrifice for the coming good of everyone. For those that don't know, those performance shares would of only came into play if BHP Billiton signed up to the nickel project. Every investor here knew about them and so did the market, if BHP signed up the shareprice would have exploded, and it would of been easier to raise funding with BHP as a partner. So, Atomaer giving up them performance shares indicates to me that they have had news back from BHP which was not good. It was due around the end of June, according to David Russell. Even if that news came in July, we all would of known were we stand. Does anyone else find it suspicious that they have relinquished these performance shares without news from BHP?

They could of gone to the market for funds and also giving up them 305,000,000 performance shares, if they so wished. The more I think about it the more questions I have, are they just going to sit around hoping that someone will come along and take out both BRR/JLP? or maybe RUUKKI/Sylania are not finished here if they have not found a work around the conroast patent. What ever happened to those long lead items that they said they ordered?

[wdurham] 07/7/2009 23:31

poet -

How can Platreef ore or PGM tailings produce ferrochrome as a primary product?

Why not read the patent?

[robers98] 07/7/2009 23:26

If they try & go round the licences Mintek is a SA government body. DO they plan on taking on them? Mintek receive fees for the use of the technology that is one of the reasons BRR needs the cash. Ruukki/SLV will have to pay for a licence if they cannot intervene in the JLP/BRR tie up, 2020 is quite a way off.

[the poet] 07/7/2009 23:13

Could it be possible for Sylvania to use the DC Arc furnace for the production of ferrochrome, with byproducts of PGMs? Thereby sidestepping the exclusive right of conroast for the production of PGMs.

[supermoto] 07/7/2009 22:30

BRR tech is just not that exclusive, Ruukki, bought Mogale, they dont need BRR Terry said they will go in over or around to get the tech, THEY'VE got it or very nearly it and the % difference dosent make a damn, JLP cannot get Tjate up n running without massive funding where's it coming from short term production! a little may be, dillution, more than likely, TO from a major, possibility,

My monies on dillution and thus further depreciation of the BRR share, hopefully we can look back on this debarcle of a situation around 2011/12 n laugh

[johndee] 07/7/2009 21:32

But someone will pay £250,000 ..still maybe the offer will be better..like 1 JLP for 4 BRR shares would be useful.

[judijudi] 07/7/2009 21:27

Should the Scheme fail for any reason, Jubilee has reserved its right to effect the Offer by way of a Substitute Offer. In such event, the Substitute Offer will (unless otherwise agreed) be effected on terms no less favourable to Braemore Shareholders

[champnchip] 07/7/2009 21:10

valarm......you said you were "reported"....to who (whom !)and how do you know it was WDurham or are you guessing

[valarm] 07/7/2009 20:46

Johndee yes it was well over a year ago, doesnt time fly?

[johndee] 07/7/2009 20:40

waxs well over a year ago..about Nov 2007

[johndee] 07/7/2009 20:39

yes...the charts show that is was 24 pence...........

[valarm] 07/7/2009 20:37

Intco 24p? what do u mean?I did not refer to 24p in my last post. But on the subject it did get approx to that price last year