Braemore Res Share Discussion Threads

[masurenguy] 21/7/2009 09:17

Are you calling me a thug because I have criticised WD ?

[assegai] 21/7/2009 09:16

Masurenguy, ...maybe she just doesn't like giving in to thugs.

[geko5trade] 21/7/2009 09:06

Masurenguy, I think you are completely wrong. I've followed Wendy's posts on BRR from the beginning. There is no doubt that she has been highly enthusiastic about the technology and the company's prospects. By her own admission she is not a particularly good trader and doesn't adopt a short term mindset to her investments. However as well as the possible long term benefits she has been extremely realistic about the dangers that that strategy carries. Wendy is the only poster I can recall who has frequently pointed out the realistic extent of the capex and dilution that long termers are likely to incur. Furthermore she was was saying this when the market was very bullish.
Unfortunately people are very good at hearing what they want to hear and have selective memories when things go wrong.

[judijudi] 21/7/2009 08:55

mas,
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 !


The above just about sums the situation up in a simple paragraph.
I could not agree more

[masurenguy] 21/7/2009 08:43

I wouldn't be surprised if she were completely sick of the place, I know I would be in her shoes with all the stick she has had to face.

If that's the case why continue to post - nobody is holding a gun to her head !

[assegai] 21/7/2009 08:39

I think you will find that wdurham normally posts on this thread because people ask her too. In fact, I wouldn't be surprised if she were completely sick of the place, I know I would be in her shoes with all the stick she has had to face.

[masurenguy] 21/7/2009 08:35

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 !

[wdurham] 21/7/2009 08:09

p@ -

If Colin Bird did not think he could raise the capital required to press on with the Braemore business as well as handle Jubilee's existing assets, I do not believe the acquisition would have been contemplated.

As it is, one of the reasons for the low implied takeover price is (a) the need for Jubilee to fund Braemore through to the completion of the scheme of arrangement to the tune of about £3.8 million (ZAR50 mill) and (b) the need for Jubilee to raise the capital required for the first full-scale smelter.

[judijudi] 21/7/2009 08:04

madprof,
The management at BRR were totally inept at running a company but extremely good at presenting it. They backed us into a corner with their mis-management and shambolic running of a tiny PLC.
Because of this mis-management the deal with JLP was the only way left available to us to survive. Don't listen to anybody who says its a great deal for BRR. It is not! What it actually is is the only door left open for survival.
They have given a great little company with huge potential away for a pittance as this was the only road left open to them!!
Some of 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 certain people look like idiots!

[p@] 21/7/2009 08:01

Wendy -couldn't agree more,but do they have enough cash when merged?

[wdurham] 21/7/2009 07:57

assegai -

Couldn't agree more.

Mad -

I still have all my Braemore shares, and bought a few more very recently at about 4p. I intend keeping them and accepting Jubilee shares in exchange. I invested in - and have always been 100% positive about - the technology, which is world class, and I will follow the technology. The pairing of Jubilee and Braemore is much greater than the sum of the parts. Together they plan to do what Braemore could not do alone in the current market/financial climate.

[billysilly] 21/7/2009 07:55

Mad professor - surely things have not gotten so bad that wendy needs to consider what she 'bares'!!!!

[assegai] 21/7/2009 07:11

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!

[madprofessor44] 21/7/2009 00:10

Thanks Wendy
I wasnt asking for your advice I know you don't advocate giving it. But you have expressed certain very positive views with respect to BRR over the past few years as many others have. And you seem to have had more access to information than many pi's or at least it seemed that way until recently. So you have built up a tremendous reputation as someone who has a certain amount of expertise in the mining industry so people are bound to be influenced by what you say - so please bare this in mind when you do express your views in future. And of course you are right that we must take the responsibility of our own decisions on how we invest our hard earned money at the end of the day.
So what are you doing with your BRR shares - assuming you have some left...?

Mad

[wdurham] 20/7/2009 23:18

Why would you want my views?

Make your own decision, please, based on the information available. I have never, ever suggested that anyone should buy, hold or sell Braemore stock, and I don't plan to start now.

It's your money and your call.

[madprofessor44] 20/7/2009 22:59

Does anyone know when we will here about the completion of the takeover ?
(It seems to be a done deal) I was wondering whether to take what I little cash have left and re-invest somewhere else to try and recover something.....CRA looks a good bet.
Any views welcome
Wendy ?

Mad

[johndee] 20/7/2009 15:50

If it keeps this up I will be on the Wagon.............

[wstirrup] 20/7/2009 15:33

If it keeps this up, we'll be back where we were in March...

W.

[judijudi] 20/7/2009 13:45

A public thank you to the 3 Stooges for the way they have maximised (not) BRR's shareholder value

[wstirrup] 20/7/2009 11:44

Not sure what to make of this this morning. My trading software yesterday, called this a BUY.

But there doesn't seem to be any interest in the short-term action.

I've always thought this company was a VERYYYYYY...long term bet.

BUY low...and swing trade.

as for konil...I suggest SELL half when the price doubles, then half of the remainder when it doubles again (gives you your shares for free and 25% profit on the rest.

BUT... You need to be lucky, and have good timing to achieve it. (and a rising price of course) :¬))

W.

[stucom] 17/7/2009 09:50

is this the moto who are about to be taken out by randgold in a cash/share raid of $244m?.the thick plottens!

[judijudi] 17/7/2009 08:11

Can we also have a bidding war here please:


Moto are considering the offer to determine whether it is a superior offer to the plan of arrangement that has been agreed with Red Back Mining Inc. announced June 1.

[judijudi] 17/7/2009 08:05

Who has ever mentioned having all my shares taken off me for 4/5p
Unsure what you mean, where your coming from, where you get those figures from. In fact havnt a clue full stop!

[alwaysevolving] 16/7/2009 22:33

So Judi, let me get this right? after all these years you would be happy having all your shares taken off your hands for 4 or 5p cash?? (Im sure your average is higher than that, No? ) Maybe its just me but I would rather run with the JLP merger and a fair chance of getting my money back, even a bit more given time? and if the global economic situation starts to turnaround (did you see the data out of china today?) Metals prices could tick up very quickly indeed and JLP/BRR could find themselves very much in the right place at the right time?

All IMO of course