Braemore Res Share Discussion Threads

[intco] 09/7/2009 18:55

Windy!

Is that "basket price", or basket case ?

[wdurham] 09/7/2009 18:36

matrixtrader -

"i arranged meetings with influential brokers and houses such as Merrill Lynch recently and they could not even provide cost breakdowns of how much a smelter would cost to operate and cash flow/profit forecasts....bunch of monkeys!!"

I can imagine the questions and the answers:

How much does it cost to run a smelter? Depends on the feedstock
How much profit will it make? Depends on the feedstock
How many ounces will it produce? Depends on the feedstock

The only constant is 2,000 tonnes - or whatever other tonnage depending on capacity - per month. Every orebody is different, every prill split is different, every batch of feedstock has a different grade, and to cap it all the basket prices move around all over the place on practically a daily basis.

What a smelter might cost to run at a given mine site, with a given prill split and a given grade would be different - that COULD be estimated, subject of course to vagaries of the basket price. But any smelter on any site smelting any feedstock from any mine is impossible to provide meaningful figures for.

[judijudi] 09/7/2009 16:36

rotflmfao
:)
:)

[billysilly] 09/7/2009 16:35

JohnDee, is this your school project?

[johndee] 09/7/2009 16:34

Everyone who wants them have got them real cheap last few days...cannot lose.

[masurenguy] 09/7/2009 16:34

lionheart79: anyone want my shares. 4.75p to you. i give you best price.

Whereabouts in Nigeria do you live ?

[lionheart79] 09/7/2009 16:32

anyone want my shares. 4.75p to you. i give you best price.

[johndee] 09/7/2009 16:23

Different management now and good riddance to the last lot.

[johndee] 09/7/2009 16:22

Its a done deal already I am certain..............in the end it will be seen as the best deal ever done for BRR...........not many see that yet but all will agree in the fullness of time.

[masurenguy] 09/7/2009 16:13

I'm fairly confident that they will obtain the requisite majority unless a better offer comes along in the meantime.

[joeblogg1000] 09/7/2009 15:34

They already have 50% and if JLP keep going up it will be easier to vote "yes"

[masurenguy] 09/7/2009 15:32

c0nfidential - 9 Jul'09 - 19237 of 19237: All shareholders will reject the BID.

Really - you know that for a fact do you !

[adejuk] 09/7/2009 15:24

sucker play going on at mo
i won't buy till it's under 2p

[joeblogg1000] 09/7/2009 15:23

Boy my spelling is terrible. I knew "rasing" was wrong and just realised why "raising"

[geko5trade] 09/7/2009 15:20

Yes that's the point joeblogg. Assuming this TO goes ahead banging on about BRR management is ancient history. It's what happens to JLP's share price and Bird's ability to raise finance. Will their share price reflect their current assets and all of BRR's tech. There is a good argument that the synergy can produce early cash flow and release the value in both companies.

[joeblogg1000] 09/7/2009 15:10

Surely, the combined operation will not have trouble rasing finance considering the potential millions here??? Colin Bird seems to know what he is talking about and I think as people realise he is at the helm, then we could see the price recover very quickly!!!

[matrixtrader] 09/7/2009 15:07

Wel written article i thought and the bits about BRR cracked me up lol!
An ps i do agree management have a lot to answer for...i arranged meetings with influential brokers and houses such as Merrill Lynch recently and they could not even provide cost breakdowns of how much a smelter would cost to operate and cash flow/profit forecasts....bunch of monkeys!!

[judijudi] 09/7/2009 14:24

ade,
I,m listening on the radio at work. Agree he is a world class bowler. Unbelievable accuracy and always likely to take wickets. A bit Bothamesque!
Soz for OT

[adejuk] 09/7/2009 14:14

good old flinty!
to see where the cash is coming from.
this is totally dependent on jub raising the cap to
jeez, almost took ano but ump thinks he hit it.
further what is almost certainly a world beating proposition.
can they do it?
jury is out.
flinty bowling like old times.

[adejuk] 09/7/2009 14:10

Heno
totally agree
it's completely tied to jubs coat tails.
so much capex needed it's hard
scuse - flinty just took a wicket.....

[johndee] 09/7/2009 13:20

That will happen in time ..maybe faster than most seem to think.......its not far from where it is now for a AIM stock.