Braemore Res Share Discussion Threads

[alex_raga] 02/10/2009 19:27

what does this deal mean to JLP and BRR? if the vote happens in favour

[stucom] 02/10/2009 11:24

mining weekly has a bit re smelter today.worth a scan if you are new to brr/jlp.

[robers98] 02/10/2009 11:23

Alwaysevolving, When I spoke to them they sent out a letter of representation so I had to ring them back. Have also informed the company of the actions of the nominee you would have thought it would be easy enough to lodge a yes vote!!

[judijudi] 02/10/2009 11:18

I havnt received either

[alwaysevolving] 02/10/2009 11:02

aaspell, yes, Im still waiting also (TDWaterhouse) and its no small holding. Gonna give em a call this afternoon. Every vote counts right and i would hate to think what will happen if this vote isnt in favor !

[aaspell] 02/10/2009 10:15

Guy over on iii still hasen't recieved circular or proxy voting forms from nominee yet !! Anyone else still waiting?

[mutleymagic] 01/10/2009 20:38

Well just looked at the RNS - looks like the start of a good thing now IMO - MM

[coley15] 01/10/2009 17:05

assume you've voted in favour of next weeks vote JJ?

[judijudi] 01/10/2009 16:09

Mis-managed by a useless, lying and incompetent bunch of cretins who pulled the wool over all our eyes for a long time. All the while making out all was well and BRR was making great headway and everything was going to plan.
They should all be arrested
WD is supporting the management even now and blaming everything from the Sydney Sandstorm to the price of Cod for BRR's demise. It saves her face as she has always jumped on anyone who dared question her, her views, brr, the management etc etc
She called it exactly like the rest of us
100% wrong
Just that some of us are big enough to admit it
imho

[aaspell] 01/10/2009 13:41

Yes John but the interesting thing is the competent persons report on the fairness of the deal specifically noted the Braemore had secured a drawdown facility of £5mill NOT FROM JLP) which was stated to be enough to cover the mintek payment, the refinery cost any all other liabilities at the date of production if the deal didn't go ahead. Its only in the notes to the accounts that they say without the deal BRR would basically not continue. So who's right?

[johndee] 30/9/2009 16:18

the merger was 100% guaranteed to happen as soon as it was mentioned as no other party was going to take on and buy BRR

[aaspell] 30/9/2009 10:28

All over bar the voting - note the basis of account preparation where it states that without the merger their is significant concern that BRR could not continue trading !

[heno614] 25/9/2009 11:48

ok, maybe not 7p, but a damn sight better than 2p !

[konil] 25/9/2009 09:50

heno! wake up! do you think if they had announced anything like that you'd have been able to exit at 7p? it wouldn't have stayed at that level for more than a nanosecond. get real man! this game is not played on a level playing field.

[heno614] 24/9/2009 23:27

There was no alternative, BRR were going down the pan.
A pity they didn't announce how dire their financial situation really was as we could have got out around the 7p mark !

[david77] 24/9/2009 19:09

I voted for the merger 'cos the alternative doesn't look too promising :-(

[wstirrup] 24/9/2009 18:12

At last a bout of common sense... Now let's move on guys and gals...

If the merger/takeover talks go ahead, then I for one would welcome it. There seems to be some synergies between the two businesses, and with a mine with lots of metal to recover, and a price and process worth making the effort of trying then hopefully (with a dose of fair winds) we can get through this difficult period, and get to the point of profitable extraction... and soon...

And for those with good sphincter muscles, this might be an opportune time to pick some up CHEAPLY...

W.

[robers98] 24/9/2009 11:22

Well thats my vote in to go with Jubilee. I think smelter news is not far away, Colin in the Minesite video confirmed again 2 possible sites being looked at. With the upgrade to the plant able to cope with product from both the demo smelter & new build the margins should be sufficient to not arrive in this position again.

[popper4] 24/9/2009 11:06

Masurenguy, my post 18542 quite blatantly says taken from another poster on another board, theyv are not my words, if you want to post other peoples posts put the whole lot in.

[masurenguy] 24/9/2009 09:48

Whatever. I have never tried to make a case that I was right !

[soggy] 24/9/2009 09:04

Sheesh! Anyone who goes to that lenght to find quotes, just to attack a poster on a BB is definitely in need of having his head felt. Masurenguy, can I suggest, genuinely, you talk to someone about such obsessive behaviour.

If you think Wend got it wrong, fine - that's what you think. If you think she's done something wrong, fine - that's what you think. What possible use it there in clogging up a BB with such an intense pursuit of someone you've never met and who owes you nothing?

Please, drop it. If you've lost a lot of money, well so have the rest of us. Drop it and move on. But if you can't stop yourself from having to prove "your right and she's wrong" and are spending a lot of time dredging up "facts" to prove it, then you're genuniely (and I'm not being hostile) in need of help.

This is a BB, not the playground, or a bear pit.

[mirandaj] 24/9/2009 09:03

>>Masurenguy

Your continued barbed comments say more about you than anyone else. Do desist.


Masurenguy - 24 Sep'09 - 08:41 - 19651 of 19651


You consistently got it wrong - no crime in that - but since you are always so authorative and condescending a little bit of humility would have been appropriate. However I'm not holding my breath and you can just write my comments off as 'stupid' as you have often done with the views of others in the past !

[masurenguy] 24/9/2009 08:41

You consistently got it wrong - no crime in that - but since you are always so authorative and condescending a little bit of humility would have been appropriate. However I'm not holding my breath and you can just write my comments off as 'stupid' as you have often done with the views of others in the past !

wdurham - 19 Jun'09 - 10:18 - 17912 of 19650: Any offer that might be on the table is possibly not only not unwanted, but needed. That alters Atomaer's standpoint completely, wouldn't you say? Particularly if the rumours are true, and the potential bidder is Ruukki Group, where there would appear to be some good synergy.

sr12345 - 22 Jun'09 - 17:04 - 18045 of 19650: Jubilee Plat is down 8% so BRR fall is not out of the ordinary.

wdurham - 22 Jun'09 - 17:38 - 18046 of 19650: Braemore has technology totally unrelated to Jubilee Platinum's main project at Tjate - it is only relevant to the chromite/tailings projects on the western limb. There is no correlation between the share prices of the two companies.

wdurham - 24 Jun'09 - 17:04 - 18176 of 19650: j-j - Do you ever look past the end of your pessimistic nose at what's going on in South Africa? And more specifically what's going on on the Bushveld? Have you not worked out what Kermas and the Ruukki Group, along with their wholly owned SA subsidiary companies, might actually be up to? Kermas own Samancor, which is already the second largest ferrochrome producer in the world. They also own 16% of Ruukki, which owns 100% of Ruukki SA, which has just bought 4 x Mintek-developed DC arc furnaces at Krugersdorp - one of which is brand new and not yet commissioned - and has clearly expressed on several occasions an intention to move into platinum. The link D-D posted earlier states specifically that they are targeting tailings and UG2 feeds.

Do you really not understand any of this? Or what it might mean for the two companies who have now announced that they are in talks which might/might not lead to an offer? One of them being a PGM tailings reclamation specialist and the other possessing technology which can handle UG2 feeds? I can understand your average numpty trader not understanding, but you've been a shareholder for a long time, have a large holding and according to earlier posts here run your own company. Can you really only see gloom and doom?

Judijudi - 24 Jun'09 - 17:21 - 18177 of 19650: WD, Do you ever got off your high Horse? For the record I detest your condesending attitude and your know it all posts. You are extremely knowledgable on this company but do not for one minute presume to be the only person who knows whats happening with BRR and what may be at stake.

wdurham - 1 Jul'09 - 15:03 - 18464 of 19650: I can't see any logic in a Jubilee buy-out of Braemore.

wdurham - 3 Jul'09 - 00:55 - 18538 of 19650: I hear on the grapevine that Braemore ARE playing hard to get.

Popper4 - 3 Jul'09 - 08:51 - 18542 of 19650: Rumour is Ruukki walked away. BRR approaching JLP for funding. Only a rumour. Maybe RNS today. Leon is quick to qualify rumours.

wdurham - 3 Jul'09 - 09:17 - 18543 of 19650: Ruukki walked away? I simply don't believe it. No Conroast = no new mine-to-metals empire for Mr McConnachie.... I suspect he has once again been sent packing by Braemore and Atomaer.

[wdurham] 24/9/2009 08:00

masurenguy -

I don't believe I have anything to be "humble" about.

At the time I stated my opinion that Atomaer would not sell unless the price was very right, Braemore were on a roadshow to raise about £5-6 million. The cash was needed to finish building the refinery, re-jig the smelting business which was under pressure from adverse metals prices and exchange rates, and for general working capital needs.

Had they gone home with the cash in their pockets, it would have been business as usual, with no need to consider any offer from a third party that was not attractive to shareholders.

In the event, they didn't. Which changed everything.

There is a huge difference between the options open to management and shareholders in

1. a company that has secured the funding it needs to pursue its objectives, and
2. a company that has not

"When the facts change, I change my mind – what do you do, sir? ..."