Nice announcement out, with all the capital raising money in. Might settle the nerves a bit. Enough money in kitty to take Marillana through to first mining at 2 mill tpa next year.
http://aspect.comsec.com.au/asxdata/20080710/pdf/00859283.pdf
BRM - Brockman Resources
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Nice announcement out, with all the capital raising money in. Might settle the nerves a bit. Enough money in kitty to take Marillana through to first mining at 2 mill tpa next year.
http://aspect.comsec.com.au/asxdata/20080710/pdf/00859283.pdf
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Announcement of a new significant investor too. Looks like he bought a bunch, sold it when it was still high and then rebought it all in the last couple of days when it was lower. Lucky guy.
Grace, my big gripe with BRM is that WR has stated that they have potential MOU's with about 7 parties...yet nothing has even been signed!
In this volatile market people want security...not a company that sits on their tails. I really hope they can start to firm up some things (sale of detrials becoming official, MOU's, transport solution/agreement)...only then will we start to see the price rise.
BRM better start ticking boxes to keep their placement purchases happy as well!
In this volatile market people want security...not a company that sits on their tails. I really hope they can start to firm up some things (sale of detrials becoming official, MOU's, transport solution/agreement)...only then will we start to see the price rise.
BRM better start ticking boxes to keep their placement purchases happy as well!
Seems WR has been reading your mind. Some news today in WA (and announcement to the ASX).
Nice to see things moving along.
Ahh that was nice to seem some information...WR knows the big JTLP is watching
I'll try and get him to notch up the 7 MOU's this week Grace...sound good?:
Didn't really move much on this today though...just throw in another 1 bil IO and we gets the money
I'll try and get him to notch up the 7 MOU's this week Grace...sound good?
:Didn't really move much on this today though...just throw in another 1 bil IO and we gets the money
Another up day for IO hopefuls...another down day for BRM.
Do we have a major holder skipping out?
Or as Kennas so eloquently put it (for MAK) high school kids just hitting the sell button:
I've pretty much written off BRM and bottom drawered them...seems like nothing is happening with this boring bunch. Why would you not get the ball rolling and start to sign off some things/instill investor confidence is beyond me?
If Wayne Swan gives the big thumbs down to open rail access...look out!
Do we have a major holder skipping out?
Or as Kennas so eloquently put it (for MAK) high school kids just hitting the sell button
:I've pretty much written off BRM and bottom drawered them...seems like nothing is happening with this boring bunch. Why would you not get the ball rolling and start to sign off some things/instill investor confidence is beyond me?
If Wayne Swan gives the big thumbs down to open rail access...look out!
Another up day for IO hopefuls...another down day for BRM.
Do we have a major holder skipping out?
Or as Kennas so eloquently put it (for MAK) high school kids just hitting the sell button
I've pretty much written off BRM and bottom drawered them...seems like nothing is happening with this boring bunch. Why would you not get the ball rolling and start to sign off some things/instill investor confidence is beyond me?
If Wayne Swan gives the big thumbs down to open rail access...look out!
Well, if you take out the cash, the DSO is being valued at a silly $2/tonne, and you get $1.05 billion tonne of upgradeable product for FREE!
Compare that to SDL's market cap (and they have lower grade product, and their DSO is deep down)! I'd rather have my money on this one for many many reasons, apart from the fact that it is rediculously undervalued at present.I guess the share price is important if you are raising money, and BRM has plenty of cash, so try not to look at your screen.
A little Patience.
I hardly think BRM's advance from around 30c to over $3 in less than 18 months is boring. And surely they will again challange $3 and beyond in the not so distant future.
When comparing BRM with SDL, it's the battle of the Wests, Western Australia versus Western Africa. I think I know which is likely to be the more stable politically.
I hardly think BRM's advance from around 30c to over $3 in less than 18 months is boring. And surely they will again challange $3 and beyond in the not so distant future.
When comparing BRM with SDL, it's the battle of the Wests, Western Australia versus Western Africa. I think I know which is likely to be the more stable politically.
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BRM chart is heading north
momentum building, expecting MACD indicators to cross tommorrow, small resistance @ 1.93, i wager it will break through soon
with a JORC estimate of 1.1bt (625mt feasable for haematite (>55%), their close access to rail (MoU next?) and scheduele mining for 12 months (notice no FOOS date though)
its looking promising
momentum building, expecting MACD indicators to cross tommorrow, small resistance @ 1.93, i wager it will break through soon
with a JORC estimate of 1.1bt (625mt feasable for haematite (>55%), their close access to rail (MoU next?) and scheduele mining for 12 months (notice no FOOS date though)
its looking promising
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Another day another dollar...whipping in my impala!
LOL sorry for the opening line...
Anywhoo...BRM are getting beaten around the bush pretty badly. MC is smaller then some other player's with 0 - little drill results!
Can't really see the SP heading north without some big bang news...and the only thing I can think that would really do that would be a rail + port agreement...and we probably won't know about that for another month.
So...what do we have to wait for:
- Abalone results
- Confirmation that ore can be upgraded
- rail + port agreements
- MOU's
List as you see fit.
Hey WR...how about lifting whichever hand you write with and signing an MOU or 7.
Love JTLP
LOL sorry for the opening line...
Anywhoo...BRM are getting beaten around the bush pretty badly. MC is smaller then some other player's with 0 - little drill results!
Can't really see the SP heading north without some big bang news...and the only thing I can think that would really do that would be a rail + port agreement...and we probably won't know about that for another month.
So...what do we have to wait for:
- Abalone results
- Confirmation that ore can be upgraded
- rail + port agreements
- MOU's
List as you see fit.
Hey WR...how about lifting whichever hand you write with and signing an MOU or 7.
Love JTLP
Another day another dollar...whipping in my impala!
LOL sorry for the opening line...
Anywhoo...BRM are getting beaten around the bush pretty badly. MC is smaller then some other player's with 0 - little drill results!
Can't really see the SP heading north without some big bang news...and the only thing I can think that would really do that would be a rail + port agreement...and we probably won't know about that for another month.
So...what do we have to wait for:
- Abalone results
- Confirmation that ore can be upgraded
- rail + port agreements
- MOU's
List as you see fit.
Hey WR...how about lifting whichever hand you write with and signing an MOU or 7.
Love JTLP
I think you need to get your bat out after him, he was listening last time as I recall. It's amazing how fast you can move when threatened.
Money in the bank is one of the most important things, and I'm glad WR did that capital raising at $2.50, as it just gets that bit harder every day. We have one of the best managers here in WR, and I hope that is enough to get this one across the line.
RIO said that there will only be a handful of juniors that will ever make it to mining, and I think the ones in the Alliance will make it......just my thoughts though.
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Don't know but as a holder before the placements I'm glad the placement wasn't done later.
Me, I'm just gonna wait....
Me, I'm just gonna wait....
Don't want to sound like a ramper but I have an interesting thought (please shoot me down if it is bad).
If the NWIOA won the right to use the rail's of BHP and RIO etc; would these 2 mining giants not attempt to buy them out?
I raise this point as currently, the market caps of the NWIOA members have been smashed considerably (actually the whole mkt but eh!). Would it not make sense that if the decision was made to grant access to the juniors that the big boys should buy them out? Thus gaining more ore and basically controlling the rails and port again?
JTLP
If the NWIOA won the right to use the rail's of BHP and RIO etc; would these 2 mining giants not attempt to buy them out?
I raise this point as currently, the market caps of the NWIOA members have been smashed considerably (actually the whole mkt but eh!). Would it not make sense that if the decision was made to grant access to the juniors that the big boys should buy them out? Thus gaining more ore and basically controlling the rails and port again?
JTLP
You could be onto something there.
Everyone said that chart gaps have to be filled. Fundamentals suggested that didn't need to be the case going from 50 mill tonne of iron ore to 1.1 billion tonne should have been enough. Yet, it looks like the techs have won today.
If you look at it this way, if we liquidate today, you'll get your money back on brockmans cash holding anyway, and we can just forget about the main asset of 1.1billion tonne of iron ore (and growing).
You would think that the prices of the IO juniors would jump significantly if the NWIOA won these rights, thus making any takeovers by BHP and/or RIO a lot more expensive.
If BHP/RIO thought they had a weak case against NWIOA's claims, you would think they would move with any takeover now, while the junior's prices are depressed, unless they think they still have some way to go down.
Just crystal ball gazing.
You would think that the prices of the IO juniors would jump significantly if the NWIOA won these rights, thus making any takeovers by BHP and/or RIO a lot more expensive.
If BHP/RIO thought they had a weak case against NWIOA's claims, you would think they would move with any takeover now, while the junior's prices are depressed, unless they think they still have some way to go down.
Just crystal ball gazing.
Maybe they are awaiting a DFS, to see exactly what they are paying for? Let Brockman do all the ground work.
With Marillana sitting directly in BHP's tracks, surely It's ripe for a BHP takeover? Sooner or later.
You would think that the prices of the IO juniors would jump significantly if the NWIOA won these rights, thus making any takeovers by BHP and/or RIO a lot more expensive.
If BHP/RIO thought they had a weak case against NWIOA's claims, you would think they would move with any takeover now, while the junior's prices are depressed, unless they think they still have some way to go down.
Just crystal ball gazing.
Yeah that's what I was getting at
Well a decision can't be too far away now (end of August). Hopefully it will be the best going away present I can get
