BRM - Brockman Resources

[justiceotp]

Its interesting those 25,000 parcels @ $1 have continued so far this morning, at the rate at which they are buying you would think they would be accumulating a large volume and we might have to see an announcement re top 20 holders some time soon.

 

[Sean K]

Its interesting those 25,000 parcels @ $1 have continued so far this morning, at the rate at which they are buying you would think they would be accumulating a large volume and we might have to see an announcement re top 20 holders some time soon.

Which 25,000 parcels are those justice?

There's some 40-60K parcels in there, not sure if they were buys or sells, if you know waht I mean..

 

[justiceotp]

Do full days trade and look at the 25,000 parcels before 10.03 and look at previous day you will see plenty. If they take place at exactly the same time and are split they are more than likely to be buys in lots of 25k but can happen either way. Another thing that indicates a buy is that when the price rises above $1 they stop buying and if you where selling in 25k lots you'd be happy to get more than $1.

 

[kpas]

They are buys because you can see the order appear on the buy side and partially get filled as people sell into it.

As soon as the full 25k order is filled, another appears. It happens all day long and has been going on for quite a while now.

 

[TheAbyss]

I understand that resources are only showing glimmers of hope at the moment however the weekly chart on BRM looks like it might be starting to trend up into some good medium too long term prospects. Not that the fundamentals ever disputed this.

Perhaps we can post charts without the stock code somewhere just to have a pure technical perspective as charts can be used to paint almost any picture you want to see.

In for long term on this one since YML days so

 

[justiceotp]

Some nice gains here for Brockman Resources over the last few days of trade and another 10% gain today.

 

[JTLP]

Some nice gains here for Brockman Resources over the last few days of trade and another 10% gain today.

Probably got the move on due to AGO's ann re: Offtake agreements.

WR has promised so much for BRM...time he better start delivering IMO.

He once spoke about 9 potential parties vying for BRM's product...where have these parties gone?

Benefication update/results of? No news on that front yet either (wasn't this meant to have been already announced).

My patience is growing thin with the BRM team.

 

[snopandsnap]

Probably got the move on due to AGO's ann re: Offtake agreements.

WR has promised so much for BRM...time he better start delivering IMO.

He once spoke about 9 potential parties vying for BRM's product...where have these parties gone?

Benefication update/results of? No news on that front yet either (wasn't this meant to have been already announced).

My patience is growing thin with the BRM team.

Im not sure about the move due to AGO. The move is due to the valuation of BRM which is a no brainer. Take their cash away from the market cap and BRM is valued at stupid levels. $4 dollars a share would still be cheap IMHO.1.6B tonnes and growing rapidly, near existing rail lines. New port loading facility and all the other excellent progress they are making.
WR doing an excellent job IMHO.
No need to rush with the off take agreements. Updates coming by the end of March which will be good.
It would not surprise me to see an equity agreement, JV or other major news coming in the very near future.
Good luck all, i am super long BRM.

 

[JTLP]

Im not sure about the move due to AGO. The move is due to the valuation of BRM which is a no brainer. Take their cash away from the market cap and BRM is valued at stupid levels. $4 dollars a share would still be cheap IMHO.1.6B tonnes and growing rapidly, near existing rail lines. New port loading facility and all the other excellent progress they are making.
WR doing an excellent job IMHO.
No need to rush with the off take agreements. Updates coming by the end of March which will be good.
It would not surprise me to see an equity agreement, JV or other major news coming in the very near future.
Good luck all, i am super long BRM.

$4? Wrong and wrong...and I mean wrong.

Near existing rail? That's nice. Will BHP/RIO/FMG let them use it? Probably not. High Court decision in BRM's favour? Most likely (may have already occurred). BHP/RIO/FMG lock in legal battle to fight this issue...add 5 years court time. Bingo Bango rail not looking so sexy.

1.6 billion tonnes? MXR has 4 billion tonnes if you ask K.Willis :. This tonnage means nothing if BRM can't prove the benefication process works and they can actively sell all of it. Thought this was meant to be done earlier...mmm

New Port Loading Facility? Can't comment as I don't know much about it. If you are referring to the NWOIA study etc (from memory) then you are correct...this is a positive step in the right direction.

No need to rush on offtakes? Not necessarily...but you would prefer some concrete deals now to know your ore is going to good use...would you not? Why make such a fuss about potential partners and what not if you are not willing to cut a deal? Flick back to the start of this thread...people have been waiting on: Rail, Offtakes, JV's for a long time...I'm not saying it's not going to happen...but you would probably prefer WR pull his finger out sooner rather than later.

ALSO...cash backing is only at 70 something odd cents a share...so again...let's not go nuts on the $4 valuation. Even the book builders Paterson's slashed their fantastic valuation from +$5 to around $2.50 (and what a LOL that was)

 

[TheAbyss]

In January BRM announced that they had engaged UBS to formulate a long term business plan. I am waiting for that before i do anythng with them.

Link here: http://www.theaustralian.news.com.au/business/story/0,28124,24885134-5005200,00.html

It does say a few months to develop. Be nice if Richards could come up with something in the short term.

It was a prudent decision to alter the business plan and cease the stage one project to produce 20-30 mtpa and focus on the larger long term production strategy given the price of Io so he has proven himself to be a worthwhile recruitment so far.

Prepared to wait for a while yet as the shares i have are free carried since YML days.

 

[Sean K]

Around 80c has formed up as some support. A break up would be nice, and looks pretty positive, but $1.10 does look difficult. 3 months of sideways consolidation may be enough?

 

[Sean K]

Around 80c has formed up as some support. A break up would be nice, and looks pretty positive, but $1.10 does look difficult. 3 months of sideways consolidation may be enough?

Falling over again at $1.10. Needs to break through soon with this market strength you'd think or momentum will be lost..

 

[snopandsnap]

JTLP,

Maybe wrong in your opinion but not in mine.
Brockman being close to current rail and port facilities is huge. FMG are especially open to shared transport as well as the high court. This would save hundreds of millions of dollars in costs. Do you think that you are going to see many different train lines going in the same direction to the same place?
The high court decision was 100% in Brockmans favour.
Native title and the port loading facility is also a major positive.
With a cash position at 80 cents per share, BRM is clearly undervalued

I believe production will begin in 2012/2013 which will also be excellent timing with the IO prices.
I have 100k plus shares in BRM and will not be selling any for the next few years. Valuations are so cheap at the moment and the Chinese are surely sniffing around. Besides, i all ready have a very handy profit.

Good luck all.

 

[Go Nuke]

Nah, Id have to say failing around $1.10 3 times and volume lower each time, doesnt look good.

I cant se IO picking up anytime soon.
The only thing that might help BRM's sp is all the talk of the Chinese loaded up with cash and looking at Aus assets.

 

[Sean K]

Falling over again at $1.10. Needs to break through soon with this market strength you'd think or momentum will be lost..

Making another attempt at $1.10, closing $1.12 yesterday. Developed some support around the $1.05 mark. Is it a tripple top, or basis for a good beakout? Watch and shoot I suppose.

 

[Sean K]

Making another attempt at $1.10, closing $1.12 yesterday. Developed some support around the $1.05 mark. Is it a tripple top, or basis for a good beakout? Watch and shoot I suppose.

Hey kennas! How's tricks? Nice to chat again...

Golly, what a move up intraday, today! eh?

I rarely post intraday charts because they almost always fail, so here's a good example. Let's watch this one fall over! lol

Even if it does, what we want to see is the sp to consolidate and maybe test the previous highs to firm as new support and then bounce up.

Of cource, just probabilities, and if the price retreats past previous highs then game over.

Anyway, back to card games. Cheers!



(wish I had have bought this around 50c! he he )

 

[Go Nuke]

Indeed a good break on volume today Kennas.

I was tempted to do a short trade on this after seeing that, but the way the markets have been behaving over the last few months....I wasn't interested in taking a possible loss

Not looking at the chart right now but I think $1.40 would be a good exit point based on previous support/resistance.

Like everything, a long way to go before Im back in the money.

 

[grace]

Yes, a nice move today for those die hard supporters such as myself. Perhaps I'll remember to find the sell button one of these days.

 

[justiceotp]

Yes I was happy with todays gain although I wasn't expecting as much so soon. I am also a long term holder and no plans to hit the sell button soon, there is still a lot in this one they are not even producing yet.

 

[justiceotp]

Another nice day again today. Im not a charter but what do you guys think of this now on the charts?