Braemore Res Share Discussion Threads

[wdurham] 02/9/2009 17:59

ifyes -

The most up to date information is on the Braemore website. And rather than just look at the slides, you'd do better to listen/watch the Minesite webcast of the 20 May presentation. Much more informative.

Braemore also have the Jubilee roadshow presentation on their website, which AFAIK, Jubilee don't.

[alimo] 02/9/2009 17:04

ifyes - why are you posting history? Do you reckon someone else will come and 'save' us? Don't you think that would have happened by now if it's a reality? What's so wrong with the JLP offer?

[ifyes] 02/9/2009 15:16

Producing high quality PGMs and base metals Braemore Resources plc is an AIM-quoted company (Code: BRR) which has as its objective to develop into a top 10 international nickel and platinum group metals (PGMs) producer, initially from operations in Australia and South Africa. While Braemore is not currently involved in mining operations directly and intends expanding its direct exposure to mining operations in the future, its distinctive competitive advantage lies in the licensed process technology developed by Mintek.

In Australia, the company has acquired rights to reprocess nickel tailings to recover nickel metal at Leinster, Kambalda and Mount Keith, BHP Billiton's three principal nickel mines in Western Australia. These tailings have accumulated over the past 20 or more years and more will be produced over the mines' remaining lives. Here, Braemore's hydro-metallurgical process enables the recovery of nickel from low-grade tailings in a cost-effective manner.

In South Africa, its wholly-owned subsidiary, Braemore Platinum Smelters, has an exclusive licensing agreement to Mintek's innovative ConRoast process that overcomes the smelting problems that currently restrict the ability to conventionally smelt concentrates from ores that are high in chromite. The ConRoast technology also provides an environmentally friendly and cost-effective alternative to the current beneficiation processes in the PGM sector. Braemore is actively pursuing joint ventures and strategic alliances with emerging PGM and base metals producers and has already secured two agreements in South Africa.

Our metals and markets
We definitely subscribe to the well-documented fact that both nickel and platinum, at current prices, cannot support the sustainable operations of many current nickel and platinum producers and, therefore, agree that there will be upward pressure on both nickel and platinum prices in the medium to longer term.

We do agree that neither nickel nor platinum will, in the medium term, see the very high prices obtained during the beginning of last year and the year before. We remain optimistic on the long term fundamentals for both metals.

Nickel is supported by stainless steel demand as an environmentally stable product with great application in specialized steels such as used in engineering, construction, food and liquid processing industries. Demand will recover as economies pick up again, and of course the emerging BRIC (Brazil, Russia, India, China) economies present enormous future demand opportunities.

Similarly for platinum group metals, which people forget are really industrial metals, linked to the automobile and the industrial sectors and demand therefore follows the economic cycles very closely. There will be a recovery in automobile demand and increasing adherence to EU emission regulations ensures a firm demand for PGMs in autocatalysts, including increasing demand from diesel cars. However, this demand increase will only follow recovery in the major economies.

Our vision
Braemore is founded on two independent and separate projects that are expected to lift the company into the ranks of the world's top 10 nickel and platinum producers. Braemore is registered in London and quoted on the AIM.

In Australia, the company has acquired rights to reprocess nickel sulphide tailings to recover nickel metal at Leinster, Kambalda and Mount Keith, BHP Billiton's (BHPB) three principal nickel mines. These tailings have been built up over the past 20 years or more and in total contain an estimated 485,758t of nickel metal. A further 500,000t of nickel in tailings is expected to be produced over the three mines' remaining lives.

Leinster will be the first of the projects and pilot plant test work is in process. The BFS will commence once BHPB has made its decision regarding its participation in the Leinster nickel project. At present, indications are that BHPB will provide feedback in the next few months, possibly by June 2009. This, in turn, precedes a decision to go ahead with the venture based on rapid atmospheric leaching of the tailings.

In South Africa, Braemore has acquired a 100% interest in Braemore Platinum Smelters. In turn, IPT has an exclusive licensing agreement in respect of the innovative ConRoast process that overcomes the smelting problems that currently restrict the ability to conventionally process concentrates from ores high in chromite or nickel. ConRoast has the potential to make the mining and processing of vast tonnages of UG2 and Platreef PGM ores economically attractive and technically feasible while remaining environmentally friendly.

We believe that ConRoast will enable Braemore to become a leader in South Africa's expected growth in platinum metals production through joint ventures or strategic alliances with many new platinum miners.

Corporate governance
In accordance with the Combined Code the Company is headed by an effective Board which is collectively responsible for promoting the success of the Company.

History
Braemore's history has developed into its current form through two important acquisitions in Australia and South Africa.



Current Operations
Australia
Leinster Nickel Tailings Project:
The Leinster nickel tailings project, located on BHP Billiton's property some 380 kilometres north of Kalgoorlie, Western Australia, is set to be the first of Braemore's Australian tailings processing projects to be turned to account. Successful completion of a feasibility study will be followed by development and operation of commercial plants to process sulphide nickel and to produce an intermediate concentrate estimated to contain 61% and 65% nickel. It may, in fact, be possible to go further and produce nickel metal.

Subject to certain conditions, BHP Billiton has the right to buy the concentrates and to acquire a 50% interest in the project when it is up and running.

The project is based on metallurgical test work in Australia and Finland that indicated that 75% of the nickel in tailings is in the form of sulphides and 25% as silicates. It also indicated that the nickel sulphides and non-sulphides are both amenable to treatment by direct atmospheric leaching. This, in its turn, removes the need for flotation ahead of the process flow sheet – a development expected to provide significant capital and operating cost reductions.

Preliminary investigations indicated that the project would be viable at annual production rates of between 10,000 tons and 20,000 tons of nickel in sulphides, but this is being re-evaluated and later estimates are that an annual production rate of 26,000 tons appears feasible. In round figures a plant of this capacity will cost some US$350 million.

The existing Leinster tailings have been independently estimated based on historic mill records to contain 135,000 tons of nickel contained in 29.6 million tons of tailings with an in situ grade of 0.46% nickel. It is conservatively estimated that a further 16.9 million tons of tailings grading 0.30% nickel will be deposited over the mine's remaining operating life.

Future Projects:

Kambalda
Apart from the Leinster's current tailings, those at Kambalda are estimated to contain 132,452 tons of nickel. Mining operations have ceased at Kambalda and its tailings resource is estimated at 32.6 million tons grading 0.41% nickel in situ.

Preliminary planning is that the Kambalda facility will process an annual 3.5 million tons of tailings to produce some 13,000 tons of nickel in concentrates for sale to BHP Billiton. Initial estimates are that the plant could be erected at a cost of US$160 million in 2008 money.

Mount Keith
Mount Keith's dump contains an estimated 102 million tons of tailings grading 0.21% nickel in situ and containing 218,306 tons of nickel. A further 285 million tons grading 0.17% nickel are expected to be deposited over the mine's remaining operating life. At this stage there are no firm plans to exploit the Mount Keith resource. However, very preliminary estimates are that a plant could be up and running by 2012 at a cost in today's money of US$ 250 million processing an annual 11.5 million tons of tailings and producing 22,000 tons of nickel in concentrates.

South Africa
In South Africa, Braemore's wholly-owned Braemore Platinum Smelters subsidiary has an exclusive licence agreement to use an innovative roasting process developed by Mintek. This process, the ConRoast process, will be used to recover platinum group metals from ores that are not amenable to processing by the conventional smelting methods used by the major platinum companies.

This opens the way for the exploitation of vast new tonnages of platinum-bearing ores, particularly by emerging mining companies. Some 26 emerging companies have platinum mining plans or developments in progress but, until now, have been constrained by their need to deliver comparatively small tonnages of chrome-rich concentrate for blending with those from the low-chrome Merensky reef for smelting by the majors.

A memorandum of understanding with emerging platinum miner, Tharisa Minerals, was signed towards the end of calendar 2007, and others are envisaged in the near future.

Braemore's wholly-owned subsidiary (Braemore Platinum Smelters) has an exclusive license agreement to use the ConRoast smelting process developed by MINTEK.

The process will be used to recover platinum group metals (PGMs) as well as some base metals (nickel, cobalt and copper) from concentrates, which may be difficult to process using conventional smelting technology.

The ConRoast smelting process will unlock new resources which are traditionally difficult to process using conventional technology due to relatively high chrome content. An excess of 26 emerging platinum producers are in the process of studying, planning and developing new projects. Some of these projects have been constrained by the need to deliver relatively small tonnages of chrome rich concentrate for blending with concentrates from the 'low chrome' Merensky reef.

[champnchip] 28/8/2009 14:03

the biggest trades seem to get the best prices, if they're sells they get more for the shares than the small trades and if buys ,get them cheaper ,and not just today either,odd, how come.

[ifyes] 28/8/2009 12:03

Largest Trades Over 10k
Time Price Volume Value Buy/Sell Type
11:11 2.00p 467,000 £9,340 Sell O
08:11 2.10p 50,000 £1,050 Buy O
09:20 1.90p 41,164 £782 Sell O
10:39 2.11p 23,107 £488 Buy O
10:26 2.11p 19,570 £413 Buy O

[backlogs] 25/8/2009 14:56

wdurham - 25 Aug'09 - 12:15 - 19591 of 19592

You are welcome. I gather that PLUS have won the right to trade all AIM shares.

Click on the following link to see the latest 5 trades. If you then wish to see more, click on "Market Data" in the left hand panel for the complete trading picture.



BRAEMORE RES ORD A PLUS-traded (Unlisted) Company

[ifyes] 25/8/2009 14:11

Latest Trades
Time Price Volume Value Buy/Sell Type
13:35 2.00p 50,000 £1,000 Sell O
13:15 2.10p 94,124 £1,977 Buy O
12:46 2.05p 5,000 £102 Sell O
12:46 2.05p 23,640 £485 Sell O
12:46 2.02p 175,005 £3,535 Sell O

Largest Trades Over 10k
Time Price Volume Value Buy/Sell Type
11:29 2.20p 454,545 £10,000 Buy O
12:46 2.02p 175,005 £3,535 Sell O
12:24 2.15p 112,808 £2,425 Buy O
13:15 2.10p 94,124 £1,977 Buy O
10:56 2.00p 70,000 £1,400 Sell O

[aaspell] 25/8/2009 12:16

Anyone seriously thinking of voting against the deal?

[wdurham] 25/8/2009 12:15

backlogs - no I wasn't, thankyou for the info.

[dafrog] 25/8/2009 11:48

Good for you, ifyes.

[ifyes] 25/8/2009 11:46

I buy £10,000.00 share you never no whats nex..

[backlogs] 25/8/2009 10:59

wdurham - 13 Aug'09 - 14:14 - 19560 of 19587

Are you aware that BRR shares are now traded on the Plus market?

[tangsoo] 21/8/2009 15:57

What bloody summer!!!!!!!!!

[lionheart79] 21/8/2009 15:38

Summer Doldrums SD! whaat summer doldrums?!

[swinging_dick] 21/8/2009 08:53

In the mining sector, especially in the current climate, speculative investors need to look for near term producers. Buy em low, hold em, then bam they're up; as soon as the blue cash starts flowing. JLP is just such a company. What's needed now is patience.
BTW, I expect a retrace to 30p, it's the Summer doldrums, what do you expect?

[billthebank] 21/8/2009 01:00

Alimo Why do u feel the share price of JLP has fallen since the announcement if this was such a good deal? I really do hope it is as I am sitting on a huuge loss but I am of the feeling that the share price will fall more & even further once the deal goes thro' It may recover once there is some positive news but a lot of patience will be required. Am seriously considering increasing my sola holding or if I fancy even more speculation VGM. I am very disillusioned with BRR at pres as I am sure are many others.

[alimo] 20/8/2009 15:29

You'd think that JLP are bringing nothing to the merger, the way you're blinkered in failing to look at the wider picture. They, JLP, are bringing a constant supply of valuable tailings and then future mining reserves that will bring in immediate or at least early revenue to the JLP group, and ongoing revenue. They supply the ready cash needed to keep the conroast licences intact (without the licences for conroast we'ed be on our uppers anyway) + much needed working capital to keep the whole show on the road. JLP succeeded in pulling in the cash recently, and I'm sure BRR would have known that on their own it was going to be a darn sight more difficult, and would involve considerable dilution. If they didn't succeed, then how long would the BHP/BRR nickel project in Oz survive, if BRR hadn't the friends to provide the funds to keep it afloat.
If platinum continues to increase then shouldn't JLP increase faster than BRR, who would have to keep looking for increasingly expensive supplies to process?

If the 15.818 divider is wrong then isn't this subject to independent arbitration in the offer wording?

[judijudi] 20/8/2009 12:09

Hi P,
Course there is loads of money around for the right projects. And to say there isnt is utter garbage.
Hey its a disgrace Mate. They have hidden the truth a lot
People still selling largeish amounts as we speak. Why?
I'll say it again the 3 stooges are bent!!

[champnchip] 20/8/2009 10:38

and an awful lot dumping their brr shares lately, don't they want to be jlp shareolders or figure they have plenty of time to come back in. any sellers want to tell me , why now?

[judijudi] 20/8/2009 08:54

BTB,
Yep there are an awful lot of shareholders around that agree with your sentiments

[billthebank] 19/8/2009 23:37

What concerns me is that it was not that long ago that JLP was valued at a fraction of its current value & if we returned to that situation then we could see JLP effectinely acquiring BRR for a song. Again it was not so very long ago that BRR was standing @ 7p. Is it too far fetched to consider the Co effectively being valued @ 0.5p. Worst investment I have made in a long time having bought @ 7p I also feel sorry for those who have seen their money eoded from the heady days of 20p & RHPS were predicting great things & talk of £1+ even £14 was rife. Wat a transformation. Very poor state of affairs It will be a long time coming before I see any return on my capital. Tis deal is not good & I am surprised that it was all the Co could find but there u go these are difficult times for many.

[wstirrup] 19/8/2009 23:18

Well put Aaspell (Your first name's not Michael is it? :¬))

But I agree with your thinking.

W.