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BRO - Broad Investments

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The announcement is out........

As foreshadowed in recent releases about an imminent value adding transaction, the
Board of BRO is pleased to announce details of an agreement entered into to acquire
100% of Uranium and Gold/Nickel Explorer Pangaea Metals Limited (“Pangaea”),
formerly Mount Trio Gold Ltd.
 
Nice!

Should add some value to this company.

At 1.5c, still under $20m mkt cap.
 
YOUNG_TRADER said:
ANOTHER ONE JOINS THE U Hunt!
Click to expand...
Are they a bunch of cabbies who got talking one day on the radio and decided to start exploring... he he.

Well, suppose I have to look at this one too now....there's just too many!
 
kennas said:
Are they a bunch of cabbies who got talking one day on the radio and decided to start exploring... he he.
Click to expand...
Well, actually no. They are an failed Telco. LOL.

I'm sure they can use that experience in finding some uranium.

Appologies to all holders who have done tons of research on this company and think it's the ducks guts, but this is getting ludiculous.

Or, best I do some more research to see the true value of this one. Perhaps they've been recapped by some very experienced managers of uranium acquisitions. Happy to be educated on this one.
 
1.1c

Maybe the market was expecting something better!
Surely this acquisition must add some value?
 
ALFguy said:
1.1c

Maybe the market was expecting something better!
Surely this acquisition must add some value?
Click to expand...
May be its fallen back on some profit taking. Its uranium leases don't seem that exciting. Its good that BRO is trying to increase market attention. However, having had a look at it, no thanks.
DYOR
 
I've just had a good read through their past anns and this entire thread, and I can't help but be a little cynical on this. What on earth do these guys know about uranium and nickel exploration? I know that this is an investment company, but uranium with telephones? What the?

I do note in their ann that they are anticipating that they will include someone on the Board with 'sufficient mining and exploration experience' and even 'qualifications'.

I also note that the Chairman Mr Van H, has considerable resources experience having visited Mt Isa in his early teens. LOL. Actually, I lie, just for effect. He has served on the Boards of several junior ASX listed mineral and oil and gas explorers, including Beach, Sterling Resources, Zephyr Minerals and Capital Energy.

Anyone had a good look at the tennaments anyway? Maybe they have something.....??
 
There are other stocks such as RMG (good experienced management) in terms of market price that look more interesting than this one. Until we get more info I feel its a case of "buyer beware" with this one unless things change considerably. Surely it would have made more sense if BRO had an appointed someone with "sufficient" mining experience before making such an acquisition.
DYOR
 
The radiometrics on Wheatbelt look interesting.

They've found some uranium anomolies in 'GSWA' sampling at the Minnawarra Project. What's that??

The gold and nickel is in a prospective area I suppose...

Anyone done some research and have an opinion?
 
Can't find a single bit of information on Pangaea Metals, other than in the announcement
 
Hi ALFguy,

See the ann. 21 of March,
Good GM and good ann's past few days,
Goodia Prospect Au/Ni assay resaults are coming in few weeks time, Cardiff Castle also very reach Au close the Wattl Dam (rms)
and hard woork for U
I think it s time to buy all the best.
 
Hello as this is my first post I would like to say HI to all investors and I look forward to learning much from this. I recently started investing just little amounts and on the BRO stock I purchased 63000 shares. I am curious as to what benefit the share purchase plan at a high value of the stock is going to do for the company in the long run. I was also made aware that they are getting into mobile advertising with MBOX live and soem deals with cab company? Does anyone have any view on this stock as to potential?
 
I purchased 175,000 of these shares at 0.003, I was happy when they announced they were acquiring a Uranium Explorer, but not very happy with their share purchase plan. There are enough BRO shares on issue already without adding more into the mix. I'm considering selling now at 0.008 and just taking the profit. I don't know how much more potential there is for growth in the share price.
 
Is anyone still following this ?? There have been no comments post the announcement on 20/06/2007 1:00PM 7 Update on Pangaea
I have been recommended the stock by a few people who have been spouting all sorts of stuff like connections between BRO directors and MMX to say the least.. I have been undertaking some research but have a hard time finding anything apart from information on voice ip and broadband etc..
The price seems to have responded somewhat to the announcements they have made so far..
 
Hi adobee, I have a few, not a huge amount, lost out when I bought them for the telecoms side of the business but averaged down near the bottom so have recouped some losses, now just waiting for news. To be honest if I get back to break even it will be a bonus but we'll see what they come up with when the company is reborn.
 
Broad, which has picked up seven projects in WA, has no background in mining but executive chairman Vaz Hovanessian does. He was a mover behind the listings of Zephyr Minerals (now Ashburton Minerals) and Voyager Energy, which merged with Arc Energy two years ago.

Hovanessian hopes to raise about $3 million through a share purchase plan to finance exploration, but clearly some considerable purchasing has already gone on. On March 9, 6.4 million Broad shares were traded. Then, on March 13 - a week ahead of the uranium announcement - trading jumped to 330 million shares and stayed above 170 million a day until the stock was suspended.

I read the above in an article in the Australian.
PURE SPECULATION
Robin Bromby | March 24, 2007


Is anyone familiar with Vaz Hovanessian and his mining / resources experience ?
 
Hi all,

BRO is buzzing along today with volume in excess of 118 mil (as of 1.45 pm EST). It has hit 1c intra-day today from a low of 0.8c. Looks like something is cooking here.

Does anyone have any idea what is cooking up here? We know that the spin-off is about to happen & also the new taxi-booking system is trialled...
 
Very big volume for BRO today.. Director has bought a small parcel of shares as well. I am fearful of IT companies turned miners but considering taking a small position on this as a gamble.
 
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