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

Looking that way today Harry.

BRR looks like we have caught a cold on this one, delighted I sold SRB at a small profit a couple of months ago. A lot of tiddlers are getting hammered.
2517

I will buy at 1p and not before..

Not exactly what one wanted to hear at this moment in time, with the market looking to thrash any weakness.

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, a listed company is required to
publish a trading statement as soon as it
becomes aware that the financial results for the next period to be reported on will show a
difference of 20% or more from those of the
previous corresponding period.

Shareholders of Braemore are advised that Braemore expects its earnings and headline
earnings per share for the year ended 30 June 2008
to be between 20% and 40% - lower than the corresponding period disclosed in its Pre Listing
Statement published on 9 July 2008.

The financial information on which this trading statement is based has not been reviewed
or reported on by Braemore's auditors.

The group's abridged audited results for the year ended 30 June 2008 will be released on
SENS on 29 September 2008 and the annual
report, including the notice of Annual General Meeting, will be mailed to shareholders on 30
September 2008.

cyril

Thank you Mr Bulford!

Eat my pants Bulford.

Results may be over 20% worse than last year, but,.......

There are twice as many shares as last year, and,......

As they havn't been trading over there for a year yet, did they have to report this.

Some one may be pushing the price down, deliberately.

Could be a good time to top up IMHO DYOR.

What about the continuing fall of metals prices? No sign of a turnaround at the moment.

nor likely to be in the immediate future, though certainly the demand for stainless and carbon steel seems to continue without hiccup ...... yes i know nickel has slumped, but at its peak, it was at a silly level

Given that new cars are currently as popular as Canadians at an Oasis concert, there won't be any imminent upturn in the price of platinum.

Pinched from iii forum

For a start, Braemore have not missed "targets".

Secondly, Braemore have not failed to meet "forecasts"

The RNS states very plainly that they expect to have a loss per share (the RNS says earnings, but of course they mean negative earnings) which is greater by more than 20% than the loss they made in the corresponding period as set out in the JSE listing document. i.e. for the year ended 30 June 2007.

The relevant figures in the listing document were:

Operating loss for the full year to Jun 07 (923k)
Operating loss for half year to Dec 07 (1,015k)

There were no projected figures for the full year to Jun 2008.

So, hands up, folks..

1. Who thought that Braemore were going to spend less this year than last year?
2. Who thought that given a loss by Dec last of 1,015k - i.e for HALF the year, the loss for the FULL year was not going to be at least 20%-40% greater than it was in 2007?
3. Who thought that the full year loss was likely to be much better than TWICE the half year figures?

Frankly, if Braemore have held their increased loss for full year to June 2008 down to 20-40% over the loss in full year to June 2007, they have done very well.

READ what the RNS actually says
LOOK at the figures they are talking about when they mention the listing document
USE your common sense

Even given the current nervy state of the markets, I have never seen such a silly and unnecessary kneejerk reaction to a complete non-event.

And it IS a non-event. It is perfectly normal for companies in the later stages of development to spend more and more every year, increasing their losses.

For example, Landore announced this morning that their half yearly loss was more than 300% the half yearly loss for the corresponding period last year. Has the bottom been ripped out of Landore by massive kneejerk selling on the part of shareholders?? Course it hasn't. People there have more sense.
--------------------------------------------------------------------------------
Max; I think we may be looking at the East for growth the way things are
working out?
cyril

so how many 000s are you buying this morning?

New RNS presents the information in a rather better light - yesterday's RNS seems to have been prepared by NOMADs to cover their arse without proper consultation with the company. I'm sure they could have got together today's report yesterday if anyone had been on the ball.

BRAEMORE RESOURCES PLC
JSE: BRE AIM: BRR
(Braemore or the Company)

Trading Statement Clarification

Braemore Resources plc refers to the Trading Statement issued yesterday pursuant to the Listing Requirements of the JSE Limited.

In response to the decline in Braemore's share price, the Directors of the Company advise that:

i) Braemore is not aware of any material adverse change to the prospects of the Company and continues to operate in line with managements expectations;

ii) Braemore continues to be well financed;

iii) the Companys upgraded 3.2MW ConRoast platinum smelter will be cash flow positive on reaching full commission capacity, scheduled for mid-October 2008, with an expected annualised production of 70,000 ounces of PGMs, depending on feed grade;

iv) whilst the audit of the financial results for the year ended 30 June 2008 has not yet been finalised the Company expects an after tax loss for this period of 1.4 million (loss per share:0.21p). This compares with an after tax loss of 0.9 million for the year ended 30 June 2007 (loss per share: 0.16p);

v) the increased loss in 2008 is principally due to expanded overheads in support of the significant progress made to its South African platinum and Australian Nickel projects.
The preliminary results for the year ended 30th June 2008 will be announced on 29th September 2008.

Braemore expects to provide further announcements on the positive developments of its projects over the coming weeks.
cyril

A postive responce to yesterdays dramatic drop in the SP, but then thats the market at the moment. It also brings out the rabble with little to offer other than cheap snips,bad enough in normal times but with the market as it is a little more sensitivity to fellow investors would seem in order.
Myself most of my investment are long term so todays price is less important, for those who have over recent days who have had thier stops triggered its not at all nice.
Back to BRR, well worth reading the last paragraph,"positive developments over the coming weeks". Sounds to me like we are about to get the result of the field trial at Leinster, if so and as good as the lab results, we could see the SP making progress and giving a value reflecting the outstanding potential of this up and coming company?
aimho
cyril

i haven't held shares in BRR for several months now having been totally disillusioned after the load of hogwash fed to us at the last AGM - e.g. BRR should move into profitability within 2 years

only buy if you can't think of a better gamble on which to make a turn ...... and book yourself in for a brain scan, if only to check that you have one and that is still technically alive!

Firstly let me say i'm not the slightest bit interested in what you hold, i post hoping to share info gained. What you choose to hold is your business and mine is mine,personally i would not post an opinnion (and thats all we get from you)on stock that does not concern me. When you attempt facts they usually wrong( CEY a gold producer,not for at least another 6 months?EME non producer, when they had Margarreta up and running and i'm still waiting for the duster from S/Kane S/Loaf) .
Your last post is typical of what i've read from time to time, rather pathetic
and you have little to offer for me, so your squelshed.
cyril

oh dear; huffy puffy or what? ..... i repeat, "You need your brain examined to buy this stock!"

In fairness cynic, All you have to offer is your usual opinionated bullshit!! I have yet to see a post of yours with any in depth research into any plc from a supposed seasoned investor/speculator. You admit yourself at times (based on previous posts) that your too lazy to look into co. fundamentals. I think enough said,

opinion is by definition opinionated, but it is surprising how often i am right, even if i often fail to follow my own advice .... and if someone wishes to take a swipe at me, then it is very rare for me to get uppity about it