BRM - Brockman Resources

[YOUNG_TRADER]

Hey thanks Gringo, got my facts a bit muddled,

Pajm have to admit I haven't followed BRM too closely since I exited around $1.50, see I boughtheaps of shares and options at 15c-20c and 2c-3c respectively,

YML as it was known then was an amazing stock for me, however once it reached a certain mkt cap I decided to take my profits and move on to try and find the next YML as it were,

Its an amzing stock and always held so much potential, it makes me happy to see it reaching its potential

Good luck with it guys

 

[pajm]

Be nice to know a few more things, but guess it is about patience. BRM trading rather consistent with the way some stocks move prior to anns; consistent with 'prior knowledge' - no such thing as a level playing field in the market.

 

[monkeybusiness]

Will check my calendar but fairly sure BRM's quarterly report is due tomorrow, anyone have any thoughts on how this could shape up?
Cheers

 

[pajm]

Hey thanks Gringo, got my facts a bit muddled,

Pajm have to admit I haven't followed BRM too closely since I exited around $1.50, see I boughtheaps of shares and options at 15c-20c and 2c-3c respectively,

YML as it was known then was an amazing stock for me, however once it reached a certain mkt cap I decided to take my profits and move on to try and find the next YML as it were,

Its an amzing stock and always held so much potential, it makes me happy to see it reaching its potential

Good luck with it guys

Thanks YT. Well done. Have been with YML/BRM since last Oct. and when I bought in and topped up, SP at high end each time, however kept recovering and now on the way and will hold long term. Loved the story. ACS came into my range as a result of first coming across you on YML thread and your cred. due to knowledge very noticeable with other posters, so thanks.

 

[spectrumchaser]

April 21

North West Iron Ore Alliance
Five Iron ore juniors have joined an alliance to
fast track and streamline the iron ore industry in the
Pilbara.The members are :
Atlas Iron,BC Iron,Brockman Resourses,FerrAus and Iron
Ore Holdings.
key aims-access to Port Hedland for junior Iron ore
companies and access to rail and transport infrastructure.
To be a stronger lobby with State and Federal Govt.

Is this Alliance going to be much benefit ?

spectrum chaser has no shares in any of the five
member companies though several are on the
"watch list"

 

[agro]

Announcement out today - China on their side!

Also mentions that the group is 1 of the 2 companies they have signed confidentiality agreements with

Brockman confirms discussions with Haoning Group

Brockman Resources wishes to advise that it is aware of overseas news wire reports that Chinese iron ore trader Haoning Group is in talks with Brockman to secure an iron ore off-take agreement and to take an equity position in the Company.
Brockman can confirm that it has signed a Confidentiality Agreement with Haoning Group relating to potential iron ore off-take agreements and a possible equity position in the Company and that Managing Director Mr Wayne Richards held discussions with Haoning Group during his recent visit to China. No commercial agreements or undertakings have been entered into at this stage.
Brockman would also like to advise that positive meetings were held with a number of steel mills and iron ore traders during Mr Richards’ recent visit to China. Discussions were centred on potential off-take agreements for iron ore from the Company’s proposed 10Mtpa Marillana Project. The Company expects that several Confidentiality Agreements will be signed in coming weeks with some of these parties.
At this stage, Brockman has signed two Confidentiality Agreements with Chinese groups, including Haoning Group. Both agreements were signed prior to the recent visit.

Colin Paterson
Executive Director

 

[gringokonyo]

This is the news article that they're referring to.

http://www.businessspectator.com.au...der-in-talks-with-Brockman-DX6FV?OpenDocument

 

[eric35]

Looks like BRM is in a very slow uptrend again. Be interesting to see if it gets to the resistance (recent high) of about $3 again.

I am holding BRM

 

[Fed23]

Looks like BRM is in a very slow uptrend again. Be interesting to see if it gets to the resistance (recent high) of about $3 again.

I am holding BRM

It's going snail pace and there has been a lot of announcements coming out. I thought the news article that the chinese had signed up with them would push them up faster

I too hold BRM bought in at 2.30.... been holding and hoping for it to get back up

 

[eric35]

I think itill go back up in time. I bought in at 203 14 march 08.

here is hoping that we will rech the $3. Time will tell

 

[skegsi]

It would be nice if it could finish out of the channel, and make the at the new base. So much potential here!!
If they can get rail access this will explode!

 

[eric35]

I guess it will break out of the channel. They should be able to negotiate a rail access.

Here is hoping. I think the probabilities are in our favour.

 

[Go Nuke]

I think itill go back up in time. I bought in at 203 14 march 08.

here is hoping that we will reach the $3. Time will tell

Hmmm $3.15 here. Couldn't have picked a worse time to buy really, but thats the story of my life.

So yeah im hopeing and sure that BRM will climb back to $3+ levels.

 

[grace]

Hmmm $3.15 here. Couldn't have picked a worse time to buy really, but thats the story of my life.

So yeah im hopeing and sure that BRM will climb back to $3+ levels.

I bought at $1.30 last year, only to see it go down under 80cents. Felt all of the fundamentals were right, just the sp wasn't! Hope to see you make a profit too!

 

[YELNATS]

Hmmm $3.15 here. Couldn't have picked a worse time to buy really, but thats the story of my life.

So yeah im hopeing and sure that BRM will climb back to $3+ levels.

Sold at $3.15, maybe to you? Sorry. Bought in again at under $2. Really optimistic about this company.

 

[pajm]

Hang in guys. Bought in last year at $1.38 to see them go up then down and bought more at around $1.12 early January before 'blood bath', sending them as low as 0.58c. Feeling toey at that stage however really optimistic now and hopefully more good news on the way as per link with recent development.

http://news.theage.com.au/explorer-brockman-china-firms-in-talks/20080422-27ut.html

 

[pajm]

Buffett talks about buying on fear and sellling on greed.......if only this was in my headspace (along with some cash) when BRM went crashing along with everything else from mid to late Jan.....the wonders of hindsight.

 

[alphatrader]

BRM has gained a fair bit the last week with 16c rise today. Also plenty of buyers around so it might go higher.

Is an announcement expected or is it because of the write-up in the May edition of "ResouceStocks" (I got my copy yesterday direct from BRM)?

Any ideas?

 

[alphatrader]

BRM has gained a fair bit the last week with 16c rise today. Also plenty of buyers around so it might go higher.

Is an announcement expected or is it because of the write-up in the May edition of "ResouceStocks" (I got my copy yesterday direct from BRM)?

Any ideas?

The quarterly report came out after close of trade on 29th and the SP has since gone even higher and appears to be climbing steadily towards $3.

I am fairly new to this but it seems to me that the relationship between the Market Cap of $200m+ and the NPV of $800m+ (excluding the Detrtital ore) is way out of kilter.

Does this mean that we can expect significant SP increases ahead as further announcements come out regarding Marilana - arrangements with Chinese interests, further infrastructure arrangements, more drilling results and the scoping study covering the Dertital ore?

Also of interest is that BRM will be doing more exploration on other tenements.

Looks very positive indeed!

 

[eric35]

At this stage $3 seems to be the resistance for BRM. It will be interesting to see if it keeps on climbing or if it does a quick drop like last time. I am very tempted to take profits now, but will hang in there and watch it carefully.