Australian (ASX) Stock Market Forum

BRM - Brockman Resources

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Buddy said:
Ha, kennas. You're no idiot. I'm the idiot :banghead:

Maybe I should let ASFers know when I am selling, that way you know when to buy.
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:banghead: wish I had have added a 0 or 2 into my buy order.

and LOL :)

Please let us know next time.

Must pause for consolidation soon unless that volume is a major taking a stake for TO, which means it may have a little left in it.
 

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The increased volume does make you wonder who is buying in.
A few days ago the day it did around 4.4 mil shares one purchase was 1 mil shares in one transaction on the market.
 
kennas said:
Must pause for consolidation soon unless that volume is a major taking a stake for TO, which means it may have a little left in it.
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Falling off as might be expected, although I'm a little surprised since money is stil flowing into the market.

The fall off in volume attributed to distribution perhaps.

My S&R indicated....

Cash backing is about 75-80 cents as well, so adds to the support. Market collapse then it's cactus like everything else..
 

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Brockman is an interesting one if you watch it during the day it tends to be sold off early in the day regardless of over night news and prices of iron and then comes back during the day to be either higher or lower depending on the news and conditions of market.
If i had the time would be tempted to test it out and sell at close each night and buy back at about 11am
 
Actually I am not so sure about the market down cactus point

Brm tends to go up on red dow days and flat on green days
There is yet to be an explanation as to the rise and the significant buying we have seen, 1m in one go, over the last 2 weeks

There is also news on drilling results at the end of the month, and who knows, maybe rail / port access news to come

So many questions, so few answers.
Could go either way, but only time will tell

Cheers,
Wilson
 
Wilson! said:
Actually I am not so sure about the market down cactus point

Brm tends to go up on red dow days and flat on green days
There is yet to be an explanation as to the rise and the significant buying we have seen, 1m in one go, over the last 2 weeks

There is also news on drilling results at the end of the month, and who knows, maybe rail / port access news to come

So many questions, so few answers.
Could go either way, but only time will tell

Cheers,
Wilson
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Yes, this is a strange stock, isn't it. It's just done it again (opening on Tuesday), swimming against the flow.
 
Buddy said:
Yes, this is a strange stock, isn't it. It's just done it again (opening on Tuesday), swimming against the flow.
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The announcement of a new DSO discovery might have assisted.



BROCKMAN CONFIRMS NEW DISCOVERY OF DIRECT SHIPPING IRON ORE AT ABALONE - MARILLANA PROJECT

Assay results confirm significant thicknesses of high grade channel iron mineralisation (CID) at Abalone.

Mineralisation contains low contaminants and moderate to high LOI (loss on ignition) – Calcined Iron grades average 62 – 65% Fe.

All CID mineralisation is shallow and is overlain by detrital mineralisation.

Good continuity of DSO mineralisation is evident, with many holes ending in mineralisation.

Supports expanded development concept of 10Mtpa DSO operation in addition to initial 15Mtpa detritals plant.
 
Fell over at the resistance identified and now sitting in the support zone, linked to cash backing also. All things being equal you'd expect it to hold around here, but I think the cactus is still in play. If the market holds up maybe another opportunity. Maybe unlikely, potentially a few more skeletons to fall out...
 
I know abit about this company, the management is solid, the debt is low... it will survive unlike some of its peers and will probably take off at some point.. wish I bought in at 50c!
 
Seems to be holding on the support line ish for now. Encouraging.

Is that a cup on it's side with and handle I see there? :eek:

Nice target.

Although, not quite sure where the extension should go from after the break...
 

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kennas said:
Seems to be holding on the support line ish for now. Encouraging.

Is that a cup on it's side with and handle I see there? :eek:

Nice target.

Although, not quite sure where the extension should go from after the break...
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jeez keenas what a chart, i like that arrow heading so far north it goes off the scale....
the depth differential has built up again.
 
Looks good again, falsish high close at 98c was a bit soft, but good to see nonetheless
First resistance point at 1.17 perhaps, recent high?

I heard someone saying 1.38 as a technical target on the upside? Im a lame chartist though so am sure someone else knows better

Still it has been here before, needs to hold these gains this time
 
Go Nuke said:
Could well be Kennas.
Although C&H usually test old highs..not the case in BRM.

To me it looked like it made a late run today. I thought possibly the start of the next one?

Someone who knows Elliott charts...whats it say?

To help people make their own decisions on whether its a C&H or not

http://www.investopedia.com/terms/c/cupandhandle.asp
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Yeah, I think it's too lopsided to be considered a likely scenario at this stage. Perhaps it will continue up gently to make a horizonal line at the tips to make it more likely. Now, THAT would provide a interesting target. LOL

Cup: The cup should be "U" shaped and resemble a bowl or rounding bottom. A "V" shaped bottom would be considered too sharp of a reversal to qualify. The softer "U" shape ensures that the cup is a consolidation pattern with valid support at the bottom of the "U". The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.
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seems stuck to a dollar, either many traders offloading for round figures and profit or some large punter quiting at a buck.
hasn't ranged off of it like it did last time.
ideas anyone?
 
There is a large number of buy orders automatically being put on at $1 in chunks of 25,000. Soon as one is filled, the next comes on. Always at $1 though.

I don't know what patterns to look for but is it possible someone is trying to keep it down while they accumulate?
 
Yes there is a pattern there with someone buying in lots of 25,000. I haven't noticed but it may also explain why it has continued to travel up on days when the market and even I/O miners have dropped.
 
Forgive the question if already answered and my lack of research...... is BRM an actual producer of yet ? if so is it actually an exporter as yet ? if so what are the costs /tonne ? have they sales contracts in place?

i have never looked at this co except for a quick trade in the past

i suppose i could go research it but intrested in your guys thoughts

thanks in advance
 

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