Braemore Res Share Discussion Threads

[alimo] 19/8/2009 16:08

But aaspell, surely anyone else coming in to buy the Conroast would have to offer MORE than the present JLP/BRR relationship being described in the offer. If they don't then we'll proceed as described in the offer, thank you!

[aaspell] 19/8/2009 11:26

Heno 614 :-)

I could have put "and they will go bust" but I didn't ........... small niggle but JLP spend out on Mintek fees and refinery cash to enable smelter to become cash positive again. So deal falls through and BRR have a working smelter and refinery making cash from offtake agreements already in place. Would it produce enough to pay back JLP? Would it produce enough for BRR to raise own funds to pay off JLP? Would it enable BRR to renegotiate share ratio of deal with JLP?

Only a thought but the smelter etc are supposed to be up and running by the end of sept with the deal not scheduled for completion till mid Nov?

I'm sure there will be something in the deal talks that would have foreseen BRR pulling a fast one but as far as i'm aware the deal statements do not prevent BRR from discussions with 3rd parties who could be prepared to stump up JLP costs to get their own hands on Conroast?

Its all speculation and I think the deal will go through. Still until it actually does who knows?

[wdurham] 14/8/2009 17:25

alimo - I suggest you visit the LSE website and read about SETS and the order book mechanism.

People with DMA are not necessarily large holders with large amounts to buy and sell. Having said that, it is relatively easy for low volume trades to be sent through the book with the deliberate intent of altering the share price. I am not saying it has happened, but the order book concept relies for its efficient functioning on sellers wanting to get as much as possible for their stock, and buyers wanting to pay as little as possible for their stock. If anyone wants to move the share price down, all he has to do is stick a little sell order on the book at the bid price, where he will straightaway get a match and the price will move down to the execution price. To move it up, you'd do the reverse - a little buy order at the offer price.... Little trades to keep the losses down.

Anyway, it's academic as things are now different - since earlier this week Braemore is no longer a SETS stock, but a SETSqx stock, so back to being more or less reliant on the market makers.

[alimo] 14/8/2009 16:45

wdurham,
Thanks for an explanation re my buy showing up as a sell on ADVFN. I thought it was something simple like gross incompetance.

I'm also always amazed to see some trades that show up as ATs where the number of shares traded are really small; and when you know the expenses on each trade it wouldn't seem logical to make these small transactions - on an ADVFN size display I've seen maybe 75% of the trades on a page in the ones, tens and low hundreds which seems ludicrous to me, but is there anything to be read from these tactics?

[heno614] 14/8/2009 14:39

aaspell,

you could replace the etc at the end of your last post with
.....and they will go bust !

[aaspell] 14/8/2009 14:35

Try reading the RNS's - Offer made, JLP paying for certain items now (Refinery and Mintek fees - to get smelter running in Sept) deal to be done by mid Nov which will require shareholder approval of 75%, over 50% already committed to deal. Awaiting further details of offer which will probably have voting attached or give dates for such. If deal falls through BRR have to repay JLP's expenditure on Mintek and smelter etc.

[mutleymagic] 14/8/2009 14:11

Can someone please give me a condensed view as to what is happening to BRR in the near future! Is it going to stay as BRR or be taken over by this JLP - any assistance appreciated - MM

[royaloak] 14/8/2009 11:02

I put my order on sets last week on the Bid at 2.2 p and got it filled, so it was a buy for me and a sell for the opposite party!

Bought as the cheap way into JLP.

[judijudi] 14/8/2009 10:34

Nothing but sells for a few days now

[ljsquash] 13/8/2009 22:11

Part of the logic I have been battling on Konil.
ADVFN and competitors all hide under the blanket of their information is from the LSE.

[konil] 13/8/2009 20:16

and if one party is identified as a mm then the lse does know whether it was a buy (from mm) or a sell (to mm) regardless of bargain price. so at least all the o trades and perhaps some of the at trades also could be correctly reported. but there are so many trade types and exceptions that even this may not adequately resolve the issue but at least we'd have better accuracy in most cases.

[wdurham] 13/8/2009 15:53

Sorry, ljsquash, the "information" is not known by the LSE because there is no such information.

Check the parameters and the reporting rules.

Every transaction is a bargain at an agreed (O) or automatically matched (AT) price between a buyer and a seller, for which only one trade report - which must identify them both - is required.

[ljsquash] 13/8/2009 14:30

Wendy having argued the matter with the LSE for almost two years now to improve the system (still ongoing).
The information is known by the LSE and they could cancel out any need for interpretation from the source.

[wdurham] 13/8/2009 14:14

ljsquash -

It is nothing to do with the LSE. The LSE publish trades. Each trade has a buyer and a seller, and a single trade report is sent to the LSE system.

It is ADVFN or whoever runs the site concerned that decided they would tell us whether a trade was a buy or a sell by working out whether the price the trade was executed at was above or below the mid.

For AT trades it is completely meaningless, as every AT trade is a matched bargain. For O trades done between punters and MMs it can be more useful, as although those trades are also matched bargains, they can help show whether punters are buying from or selling to the MMs.

That, of course, is when they are correctly allocated by ADVFN's guesstimate software - if you are lucky enough to buy below the mid price, your trade will show up as a sell. If the MMs are paying over the odds, your sell will end up showing as a buy.

The only real guide as to what's going on is the share price.

[steven1404] 13/8/2009 13:17

try lse or digital look

[ljsquash] 13/8/2009 12:54

They get their figures directly from the LSE who are not willing to change the system despite constantly being inaccurate and misleading.

[alimo] 13/8/2009 12:52

The 150000 trade today is a buy! ADVF'NN are really getting sloppy. Any other BBs you can recommend?

[alimo] 13/8/2009 10:06

What's a better deal - hold and buy large numbers of BRR for future conversion to JLP at the 15.818 multiplier. This would cover the chance of a counter bid. Or, leave my BRR shares to await conversion when it comes, and buy JLP to ensure continued BRR under JLP wrapper, but no exposure to small possibility of BRR rescue by another white knight.

[assegai] 13/8/2009 06:53

Everybody left, they are now over doing their stuff at JLP.

[dafrog] 12/8/2009 19:56

Sh1t happens.

[wstirrup] 12/8/2009 19:04

This board was a hotbed a few weeks ago... What happened?

W.

[royaloak] 10/8/2009 16:45

Thanks for the information guys, wondered what happened. Bought on the bid on friday at 2.2p, put an order on today at 2.1p on the bid, but could not open a level 2 box.