http://clients.westminster-digital.co.uk/minesite/microsite/events/50/video/index.aspx?companyId=50_1
=">http://www.proactiveinvestors.co.uk/pdf/brr.pdf
http://www.mineweb.com/mineweb/view/mineweb/en/page35?oid=39359&sn=Detail
www.braemoreresources.com
http://www.investegate.co.uk/Article.aspx?id=200711010702217873G



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http://www.resourceinvestor.com/pebble.asp?relid=38513
http://www.proactiveinvestors.co.uk/articles/art.php?BRR2
cyril

Morning Cyril. Yes: we'd heard about the MOU a short while ago, so guess it's finalised more quickly than I'd expected. Not sure it's going to do much to the sp in the short term - need some firm news re BLT for that.

Actually - looks like the sp could move today after all. Happy if it does!

I think a lot will depend on how the market reacts overall today,looks a bit shakey
out their?
cyril

Think you're right, Cyril.

morning toya/cyril imo we could do with bhp signing the jv for 50% with brr think that would make the sp rise

in these unstable times, just be thankful that sp is staying steady to firm

Not looking good today.

What is?

Looks like we could be heading for the 16p mark as PTH had (so optimistically!) pointed out in his colourful graph - see posting No. 319 above. That could be a good price at which to buy, unless it continues past that, in which case it could fall to the 150 dma at around 13p??

Credit to PTH at the time I nver thought 18p but he was right.

could be heading for 15/16 which would be a great price to t/u imo the markets are in for a big correction and there could be a lot of bargain hunting to be had.

why? .... you actually need to enquire as to why sp is dropping ...... just possibly AGM on 28th will throw some light - e.g. at what price for nickel does this magic process cease to be seriously profitable

just for ref, spot nickel is $25650 which is as low as it has been for the last year .... high was about $55000

however, though the current price is (relatively) low and physical stocks quite high, there are some schools who hold that stainless steel production will pick up again in the new year, dragging the nickel price with it.

now go to RIO thread and read Lehman's report and prognosis for significant increase in iron ore prices ...... this would not happen if there was not significant increased demand; hence the link with nickel

anyone going to the AGM on 28th?
will be interesting to see what might be said about nickel price and profitability

Had a nice little top at the low of the day, these are down 20% in less than a week.
cyril

i am unlikely to buy more and certainly not until i can find out the correlation between BRR's profitability and the underlying price of nickel

Its just the shear potential of this company that has driven the SP to the record
highs and a correction was always on the cards. However i think a contract with
BHP will send it into orbit and that could be anyday?
Not able to make the agm, but i've a feeling this will be well attended. I look forward to the views of those who are able attend.
cyril

Out shopping pm came back to see the SP had dropped,perhaps the reason why?
http://www.investegate.co.uk/Article.aspx?id=200712201332414008K
Doesn't take much at the present to effect the SP,wonder what will happen when the Atomaers shares hit us sometime next year 303m bring it to 1 billion shares?
cyril

imo, sp is depressed due to underlying price of nickel (see 431 and 432) .... however, this could easily change by Q2 2008 as it is a reasonable bet that demand for stainless will be on the increase once more, with knock-on positive effcets elsewhere ...... always provided the feared worldwide recession really does not take hold

China and India as well as other emerging nations are investing in the inferstructure
so the effects on raw materials will imo be less than one might expect. Their at
present over 100 power stations being built in China each requiring in excess of
100tons of nickel and of course India, Russia and Brasil are all expanding at a rate of Knots along with FSO so the demand should hold up? A thought here for copper
which of course carries the power.
Back to BRR, i feel its more to do with Market sentiment,so any small miner etc
which is non producing with little or no revenue are being hit. Hence the overreaction to the shares being issued. The effects of nickel prices at this minute are of less importence, not to say however it doesn't contribute.
cyril