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

Thank you Andy a typiclal down to earth report/assestment by Wendy, warts and all. I will add it to the header post.
cyril

http://investegate.co.uk/Article.aspx?id=200805210700049286U
cyril

http://clients.weblink.com.au/clients/SDG/article.asp?asx=PPD&view=6407650
cyril

http://www.investegate.co.uk/Article.aspx?id=200805220700020098V
cyril

RNS excellent news cash being generated from pilot project, output set to double.

What a nice surprise, just got back from the beach, after a fish and chip lunch and a pint or two of best bitter. Only another 14p and I can afford to go back and pay for them.

Fish & Chips on credit!!! Best not to sober up! :o)

I might be old but I can still run ! :o)

MM's trying to keep the lid on this one. If BRR can generate $10million from a small pilot project how much will will they earn from a joint venture with BLT?

don't confuse profit with turnover!

cynic your usual caustic remark has merit. Let us wait and see if an agreement is signed with BLT as they dont usually look to make a loss!

Nasty, after hours discounted fund raising, thank you proactive investors.

they will need to raise a lot more cash yet or do some sort of JV for the platinum smelters and raise slightly less cash.
Either way, one to avoid till they are clear how they intend to finance their plans,imo.
can't understand why they didn't raise at least some cash at the 15p-20p+ levels, perhaps they wanted to wait till the markets are just about as shitty as you can get first!

Rift raised money at 5.25p, now 6.75p/7.25p, so might be seen as a positive that they got any money at all in this sh***y market.

Would be nice to hear from niceonecyril on this fine Monday morning.

I presume the never ending slide is due to the proposed new shares?
"Braemore Resources today announces that it proposes to raise approximately 7 million, before expenses, by way of a placing of up to 108,000,000 new ordinary shares at a price of 6.5p per Placing Share."

HI Canada1, for my take the fund raising was always going to happen. Pity at such levels but these institutions have taken advantage of the present market conditions and achieved a good price for themselves. This makes the SP a snip imho for those ready to invest in a long term project(2011), for my part i've
tucked away some from my past profits and will wait patiently.
Its not a bad thing to allow institutions on board as it will give BRR more
creditabilty in going forward. As far as news,theirs listing on the JSE and
field trails from Leinster which should help things along. But as i pointed out earilier
this is a long term investment, so just chill out.
cyril

Thanks cyril, I'll take my chill pill and wait for 2011.

http://www.cityam.com/index.php?news=15364
cyril

Braemore Resources plc listed on JSE. David Russell CEO, Braemore Resources plc

16 July 2008 23:07

MONEYWEB: It's not often that one sees a new listing on the JSE, but it happened today - a company called Braemore Resources, whose chief executive David Russell is with us in the studio. It's an inward listing, David.

DAVID RUSSELL: That's right.

MONEYWEB: You've been listed on AIM in London since 2005, so not really new for you today. But you didn't issue any shares into the South African market. The last issue that you did do was in London, where you raised R100m at around R1/share. It's a bit disappointing to see your share price below R1 today.

DAVID RUSSELL: It is disappointing, but I think, given the market conditions overnight and the heavy falls experienced, particularly by Amplats and Implats, it was to be expected.

MONEYWEB: But you're in a different game.

DAVID RUSSELL: Totally.

MONEYWEB: Lots of people, certainly the small, the independent platinum producers, of which there are more than two dozen now in this country, are very excited about the fact that Braemore might be a player in having a platinum smelter, because at this point in time there are three platinum smelters which are tied up by the big guys.

DAVID RUSSELL: That's correct. What we identified some years ago was a capacity constraint, particularly if you were going to produce from the UG2 chrome scene as a PGM source. And the UG2 chrome is the core problem, as one of the majors will testify, because if you've put too much chrome into a conventional smelter, they tend to have serious smelter explosions.

MONEYWEB: The other, from the independent platinum producers' point of view, is that they've got another player in the market who might help them to give a bit of price competition as well.

DAVID RUSSELL: Well, we don't want to put ourselves into the toll-refining space. We actually want to use our Mintek exclusive licence as a lever where we can get into the resource companies. Thus we will benefit in pooling and sharing agreements right the way up the value chain.

MONEYWEB: So would you buy or take a stake, say, in one of the small independent producers on condition you do the smelting for them?

DAVID RUSSELL: There is a range of negotiations currently under way - pooling and sharing, joint ventures, equity swaps, various methods by which the technology can be brought to bear on resources that currently do not have access to offtake agreements.

MONEYWEB: You've got a pilot plant at the moment. But to build a smelter, in, say, the Western Limb of the Bushveld, near Rustenburg, what would that set you back?

DAVID RUSSELL: I really don't want to go down there at the moment. The feasibility study is in the hands of our engineers as we speak.

MONEYWEB: But it's billions?

DAVID RUSSELL: No, it's not billions. I'll give you an example. At the moment we are upscaling the Mintek facility, and it's an upscaling that's taking it from an effective 20 000 ounces per annum of PGM to 60-70 000 ounces of PGM. That upgrade of an existing facility is only costing us R30m.

MONEYWEB: Mmm, that's interesting. So it's not in the billions of rands?

DAVID RUSSELL: It's certainly not in the billions.

MONEYWEB: A bit like the Pebble Bed Modular Reactor in nuclear, where you can build small plants that can help smaller operators?

DAVID RUSSELL: That's it. What we are looking at in the Rustenburg option that you mentioned is a 10MW smelter, and that would produce about 500 000 ounces of PGMs. So, I mean, these are significant production facilities, but they are not that capital-intensive.

MONEYWEB: And it's all to do with the new technology from Mintek?

DAVID RUSSELL: The technology has got some serious advantages, the first of which is that it was originally developed to reduce sulphur dioxide emissions in smelting. And that means that the air-quality problems currently out in the Rustenburg area - we will not be party to that. We are currently having smelting campaigns in Randburg, and most people don't even know that there is a smelter in Randburg and we are producing PGMs and selling them from there.

MONEYWEB: David, when are you likely to be in a position where you are starting to generate enough revenues that you'll be paying dividends?

DAVID RUSSELL: That is a while away. We hope to hot commission the first 10MW smelter in 2010 and that, as I say, will be the 500 000-ounce sort of scale. Probably dividends will be two years after that, once we recoup the capex.

MONEYWEB: A bit more of a development play here, the kind of deals that you are able to strike now with independents?

DAVID RUSSELL: It's a very important thing, the kind of deals, because one of the main things is the intention for this to be the first independent black-empowered PGM smelter in South Africa. And that is the key thing, in conjunction with our licence agreement with Mintek. We have listed that thing today, and the intention in the future is to take this to full 50% black economic empowerment. It will be a fully independent smelter.

MONEYWEB: David Russell, the chief executive of Braemore Resources. And if you are not au fait with the platinum scene, one of the big problems for the new producers is that they really have to go to either Anglo Platinum or Impala or to Lonmin - those three big players. And clearly you aren't able to get too much of a price advantage when you are a little guy, going to one of the big chaps and saying: "Please smelt for us." Braemore might change their lives.

http://www.moneyweb.co.za/mw/view/mw/en/page55?oid=214775&sn=Detail


cyril