This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

BRM - Brockman Resources

Jump to new
yep i'm in the same boat...i mean the SP isnt that far of its previous highs when they only had 30 mill tonnes(or whatever) of resources pegged in the ground....didnt it get to 1.90 something....
 
Rocket man said:
BIG DAY .. I sold at the end of day but I get the distinct feeling I made a mistake there ... .. it will jump out of blocks tomorrow IMO

Just mention the words 1 BILLION TONNES IRON ORE and market goes crazy ...
Click to expand...

I couldn't stand the temptation either and sold out yesterday in 3 lots, the last at $3.15. Yesterday was just too euphoric and for once I got it right. Looking to get back in around the low 2's, or better if possible.
 
Wow...what's with the all the selling pressure?

Iron ore turn out to be fairy floss? Sheesh

I expected a retrace as such but as Inore has stated, its close to their $1.90 mark when they had a far smaller resource base.

HMM
 
JTLP said:
Wow...what's with the all the selling pressure?

Iron ore turn out to be fairy floss? Sheesh

I expected a retrace as such but as Inore has stated, its close to their $1.90 mark when they had a far smaller resource base.

HMM
Click to expand...

Ahhh the joys of electronic communication where anyone can open an account and jump onboard following the herd.

I have to say the lack of fundamental opinions/analysis/pricing within the ASX has really annoyed me of late. Everything is based off of panic selling or herd behaviour. Hence why i am looking into other short term alternatives such as forex.

In answer to your question:

Who knows, nothing follows fundamentals any more
 
I think you need to give it time. fundamentals will shine through. a lot of people bought this way cheaper and they are locking in profits as others are buying a bargain. Bottom of sell off found at @ 2 bucks ( same as open from ann.)
Buyers building in strength again now.
 
Listened to the interview, from the sounds of things they aint in a rush,, they will continue drilling, they have had some interest from the chinese and no captial raising is on there books.

$2.22 is cheap as chips.
 

Prawn, I actually take offence to that comment. For a moderator, you are not very professional (read: you seem to think you can comment unfairly on people and stocks and think you have immunity).

FYI, I haven't just "jumped on" and followed the herd. I am watching from the sidelines as I thought I would be too late with the increase.

Also, if you are questioning my time at ASF, I think I joined in Oct/Nov, but had been reading for a long time before that. Only signed up to participate and gain further understandings of stocks/ask questions.

Moderator to be moderated...
 

Wow, paranoia will destroy ya :

I was not saying anything about you, and I apologise if it came off sounding that way.

FWIW I was having a go at all the people who just follow the crowd and panic sell or herd buy (not that there is anything wrong with it if you are profitable).

My main gripe is the fact that stocks prices no longer seem to reflect their underlying fundamental 'value'.

Apologies again if you thought I was attacking you.

Prawn

PS - moderators are allowed to express their opinions also.

PPS - I had barely even heard of BRM until yesterday, and have certainly never held, or considered holding
 
Ok Prawn,

Glad we cleared that up.

I assumed by your comment about electro comm. that you were referring to me.

Same boat as you, had never heard of BRM til yesterday.

Thanks for clearing things up

JTLP

(Also my comment of moderators commenting was based on the thought that you were attacking me, perceiving I had bought in. I agree you can comment, you are afterall just the same as anybody else)
 
Was looking to adding to my position today at $2 (took lunch and missed it). I like the MD - that is the strength of this company IMO.
 
Boardroom radio announcement - the MD is very positive. Alludes to scoping study coming out in the coming weeks (March).

He also alludes to chinese interests contacting him.

Very positive overall.
 
Lol hotcopper pump and dump. I guess people dont learn their lessons around there. Since this morning from $3 down to $2, everyone there is saying that they are holding and looking to top up because it is about to run (while throwing around some "fundamentals" that they dont understand). And behind the scenes, they are trying to sell out for a lesser loss.
 
disagree here. I think 3 bucks will be tested in the near term as sellers are drying up and buyers are clearly building up. Im not selling mine because I know what they're worth How hard is $1 dollar a tonne to understand???
 
Snakey said:
Im not selling mine because I know what they're worth. How hard is $1 dollar a tonne to understand???
Click to expand...

Can you elaborate on this? If you know how much the share is worth, how did you come to that number, whatever it is? Where does $1 come from and does that take into consideration the grade, the transportation costs, the cost to dig the ore and treat it, and whatever risks exist for a project like this?

I will admit I am not a good analyst and know little about geology but I am not that blind to believe everything is as simple as the rampers say it is. I also know that just because a stock is trading below their value does not mean it will change any time soon.
 
grace said:
Was looking to adding to my position today at $2 (took lunch and missed it). I like the MD - that is the strength of this company IMO.
Click to expand...

Ditto Grace. First came across then Yilgarn in article by Barry Fitzgerald in 'Age' last July who menitoned about Richards coming on board and his BHP background. That was enough for me. Who is driving a company is crucial. Hindsight can now tell us also he didn't cross over to BRM without knowing there was more than a few crumbs on the table.
 
I couldn't stand the temptation either and sold out yesterday in 3 lots, the last at $3.15.
Click to expand...

Hey...I was the idiot who bought those at $3.15 yesterday!

What a mighty loss today.
Guess it looks like I'm holding longer than I intented now

Oh the bank is going to love me!
 
Go Nuke said:
Hey...I was the idiot who bought those at $3.15 yesterday!

What a mighty loss today.
Guess it looks like I'm holding longer than I intented now

Oh the bank is going to love me!
Click to expand...

Heads up still early days. I bought my batch at $2.30, I was hoping after lunch it would ramp up as I went out, then found it even lower. I wanted to buy more as close to $2 but I just missed the chance. Just hold out for the next announcement about transport feasibility. Be tops if BHP would be nice and shared their rail line.
 

agree- although the 1.1 bn half of it was full of silica, the remainder 500 or so mts was quality

they are still drilling so one can expect more to come

as far as rail line, i think they are more lily to access FMG's from their cloud break mine as a few companies like BCI have already suggested future use of the track - thats provided they win against BHP in the higher court
 
Very interested to know if BHP have a rail share agreement on any of their Australian mines?
My impression is the company is uncooperative toward new comers on the block.
 
You must log in or register to reply here.

Similar threads

February 2025
2
Replies
29
Views
2K
ducati916
ILT - Iltani Resources
Replies
6
Views
3K
Dona Ferentes
KOB - Koba Resources
Replies
7
Views
3K
noirua
PBL - Parabellum Resources
Replies
1
Views
1K
Dona Ferentes
WGR - Western Gold Resources
Replies
4
Views
2K
Sean K
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...