BRM - Brockman Resources

[Crash]

Synergy, thanks for the clarification - guess I am just looking for any indication that anything out of the ordinary is going on. I also noticed their new website has been updated as previously it just showed the recent announcments.

 

[rico01]

Just rang the company to find out whats happening. A Kathlean Oshay told me that an announcement will happen in the next 24 hours/Unlikely today.And would not give any clues to what it's all about
So just 1 more sleeep and we might see some action

 

[kransky]

Fingers crossed for a cap raising.. I only hold a few

I am guessing its the selling of the nickel assets.

 

[shinobi346]

I never saw this one coming. I wonder what it could be. I hope its not a sale. They still haven't released the Carl Boyd report.

 

[Stimpy]

Placement - yawn.

Still, they must have $11M cash. That should keep them going for a while!

Disclaimer - I'm a cartoon cat, DYOR!

 

[rico01]

Ann out there is a placement at $1.05 for 7.75 million shares to domestic nand internatioal institutions.

 

[grace]

It really cheeses me off when they do not offer this also to existing shareholders. All existing holders should email to Brockman and request this is done next time they need some money! I will be letting them know how I feel about this!

 

[gordon2007]

I don't know what I was expecting the announcement to be, but I know I definitely wasn't expecting it to be that. I don't understand the need for a suspension from trading just for that. Anyone have any ideas as to why? Makes me wonder why I'd pay $1.25 a share when apparently if someone's got a bit of money they can be had for $1.05 instead.

 

[Stimpy]

I don't know what I was expecting the announcement to be, but I know I definitely wasn't expecting it to be that. I don't understand the need for a suspension from trading just for that. Anyone have any ideas as to why? Makes me wonder why I'd pay $1.25 a share when apparently if someone's got a bit of money they can be had for $1.05 instead.

A placement will affect the share price as the share price will tend to reflect the price paid. One hopes it's above the market price but - as today - it isn't always the case.

Institutional investors aren't usually willing to put millions of dollars into risky specs without a discount. As it stands Brockman doesn't have an infrastructure agreement in the bag, risk is high, price is low.

Doesn't mean the latest valuations (Paterson's $1.81, DJ Carmichaels $2.14 from memory) aren't valid, just that the perceived risk is high when you're talking about millions of dollars.

Disclaimer - I'm a cartoon cat, DYOR!

 

[gordon2007]

Ahh OK thanks for explaining that. I don't hold any shares but it is on my watch list. Was there a timeframe as to when it was supposed to mature to the 1.80 mark?

 

[alphatrader]

The announcement of the institutional issue at $1.05 sounds like a bargain and seems to have driven the price down. I had hoped for a more positive announcement followed by a surge.

It also seems to me that the share price would have followed the same course even without the trading halt then the suspension so I can't understand why these were requested by the company.

Can anybody explain it?

 

[Stimpy]

Can anybody explain it?

When the placement process was started, some investors had information that the rest of the market didn't have. That's why they called for a trading halt before it began - such things are against the listing rules. The placement process obviously took slightly longer than anticipated, hence the suspension. There was no point in telling the market that they were raising capital until they had finished - it may even have hurt the process.

Disclaimer - I'm a cartoon cat, DYOR!

 

[shinobi346]

If that $1.81 was ever correct it won't be after the placement. This placement will dilute the value of each share.

I can't say I'm thrilled with this announcement. They should have offered it to ex shareholders. Even if the price was higher I still would have jumped on it.

 

[grace]

If that $1.81 was ever correct it won't be after the placement. This placement will dilute the value of each share.

I can't say I'm thrilled with this announcement. They should have offered it to ex shareholders. Even if the price was higher I still would have jumped on it.

If you are unhappy about existing shareholders not receiving the same offer via a share purchase plan, email the company your negative thoughts as I did! Hopefully, they will never do it again.

 

[Mozart56]

If that $1.81 was ever correct it won't be after the placement. This placement will dilute the value of each share.

I can't say I'm thrilled with this announcement. They should have offered it to ex shareholders. Even if the price was higher I still would have jumped on it.

I've posted this on HC and an happy to do it here to as I have been with YML/BRM for 4 years ..

"Well I'm a long term holder and will continue to be so .. but I am appalled at the $1.05 placing. Existing shareholders have been short changed here and deserve to be upset. $1.30 would have been passable but $1.05 reaks of mates rates. Given the hype and much vaulted undervalued nature of the shares this has set us back 6 months. We will get there in the long run but I'm not happy with this decision. Poor form all round. As for not mentioning this at AGM I won't even go there. Not happy Wayne!"

 

[MiningGuru]

Very few sellers at the moment.

This share has been known to move significantly upwards very very quickly because of this.

Drilling results are due in around 2 weeks. In specualtion of results expect the share to move up rapidly back to its highs of $1.85 next week.

 

[prawn_86]

Very few sellers at the moment.

This share has been known to move significantly upwards very very quickly because of this.

Drilling results are due in around 2 weeks. In specualtion of results expect the share to move up rapidly back to its highs of $1.85 next week.

Thats a 50% increase you are implying on speculation alone MG.

Can you please provide some evidence as to why speculators would push it this high? ie - what kind of results are they targeting?

i could understand a 5 or 10% increase on ann speculation but 50% is a lot without any facts backing up your statement

 

[Stimpy]

Drilling results are due in around 2 weeks.

Really? Rockhole Bore and the gravity anomalies? Where did you come upon that nugget? Is it in any of the announcements?

Disclaimer - I'm a cartoon cat, DYOR!

 

[MiningGuru]

Announcement now out. Sensational further discoveries of high grade iron ore!

I have made my predicitions on past performance of the share price, which has been known to spike heavily due to the tightly held register.

Expect the share price to start to move up once the ann has been digested.

 

[Crash]

Doesnt look like it is being digested too well so far. Down to 1.18 currently and not looking like heading north! Maybe no one will be happy until there is a rail deal.