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

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

As much as I admire your commitment to these small AIM stocks Cyril with your continual information updates, you are taking great risks. Yes, in a few years time they may bring you great reward. Likewise they may all be bust because they can't cover their debt or find any more money.

Most of us have money stuck in some of these stocks, I certainly have, but to invest more money now is surely inadvisable bearing in mind they are travelling south with little hope of respite in the near future.

It would seem that there will be good news coming out of BRR soon. This could well be a good entry/top up point.

Dealerdear i agree that their is risk and my reason for posting what i consider relative info. Is this not what a BB is about, exchanging info and views with the
aim (bad phrase) of allowing readers to make better decisions? I simply report
what is about (not giving advise), i've had some notable sucess IEC (where
for quite a time i would talk to myself), VOG,EEN,WTN,CDN and CBM along with BRR which hit 24p before the hype,(sold 22p) lost its gloss.
All share have their up's and down's but at the present its factors outside of normal business which is effecting most stock so BRR like others will take a bashing
and should be seen in that light.
regards
cyril
P.S. Someuwin, yes a point i made along and with 70,000 ounces of platinium,
gives imho reason to be positive?

cyril agree imo brr have good chance of going foreward but we must always rember shares can go up and down. Dealerdear if you don't realise that you should not be investing in aim stocks i invested in brr for the long term 2010 and beyond and any information posted on these boards are very welcomed by me but i make my own mind up if to top up or not cynic if you dont hold brr why bother to post on this thread.tb5

Just in from Google alerts - topical interview with our Leon, audio link available. It includes a suggestible reference from the interviewer to Wits Gold who apparently have some parallels and are valued at 100 Rand. Happy Friday and thank you Dow ...


"Summit TV speaks to Leon Coetzer from Braemore Resources about the unexpected drop in their share price as well as their unique pilot platinum refinery plant


David Williams: Welcome to Face to Face. Were talking to chief executive of Braemore Resources Leon Coetzer. The companys share price dropped abruptly and quite a long way - a bit of mystery there - also more broadly about the platinum sector and platinum juniors. Leon, before we talk about the share price drop lets look at Braemore Resources. Give us the context - whats the scale of the operation, and what you do?

Leon Coetzer: Braemore is a very interesting company that brings a very unique story to the platinum sector. Quite often people class Braemore as a purely technical company - although Braemore has and is very successful at developing and establishing technologies this is only the first phase of its business. Braemore really focuses on two metal sectors - platinum thats South Africa dominant, and of course its nickel business in Australia. The platinum side - which is more applicable to South Africa - has gone through very interesting and exciting times where the first phase of the business was establishing a technology that offers a very unique solution to address some core needs in the platinum industry. Its now gone through the phase of acquiring that technology and developing it into a robust solution, and then very excitingly expanding it into a very large demonstration plant in September. The company is now aggressively going into phase two of its business bringing this technology to the market - commercialising it into the platinum industry, and allowing more and more platinum companies access to this very exciting technology.

David Williams: What is the scale of the company - how many people are working for you at the moment?

Leon Coetzer: The company originally employed a very focussed technology team - its original employees were world-renowned for their technology knowledge as a highly skilled team. The company is currently going through dramatic change from focussing purely on establishing the technology into the commercialisation of that technology - its that team that is currently expanding, the business development side of the team. The demonstration plant to put it into perspective - because often people think of a demonstration plant as something a laboratory - this demonstration plant is smelting 2,000 tons per month of concentrate and producing up to 75,000 ounces of PGMs a year so it is a very sizeable plant.

David Williams: It sounds exciting. Something happened to your share price with a drop of 40%. You had to put out a statement saying you dont know why - and that in fact nothing has changed. You dont understand why this has happened?

Leon Coetzer: Yes, it was very unfortunate. It was basically driven by an obligation to abide by the regulations of the JSE which simply stated that within 10 days of releasing our annual results we have to make an earnings statement to the market. Thats a statement that is guided by very strict principles - its not a statement that can be used to explain the earnings statement. Of course in a company like ourselves who are establishing a technology - and now commercialising it and therefore aggressively expanding our asset footprint as well as the physical size of our operations, where our focus right now is investing into the company - our earnings in the company are really only going to grow significantly after full commercialisation of our facility.

David Williams: Surely people knew that? This couldnt have been a surprise given the kind of company that you are?

Leon Coetzer: We probably overestimated that understanding. Quite often you get individual personal investors who might not have understood clearly that the company is in phase one of its business - which is aggressively growing its platinum business right now, as well as its nickel projects - therefore we will be investing very heavily into the company.

David Williams: Isnt it comparable to a company like Wits Gold where the share price when I last looked was over R100 but they dont earn anything yet because they dont exist in a mining sense. Everyone seems to understand that. Are you implying that they dont understand that with you?

Leon Coetzer: Yes, I think the problem is because the Braemore story is unique. Weve really been making a considerable effort to ensure that the market is educated in that sense. Yes, its a very exciting story - our investors are very supportive of the fact that Braemore is bringing such an exciting technology to the market. We are on the main board of the JSE under the production companies - because although we are developing a technology we are in fact producing platinum ounces.

David Williams: Is it possible that the big drop - I dont know how tightly held you are, and how diverse your shareholders are - but maybe there is a big shareholder who has taken a view and maybe thats the cause?

Leon Coetzer: Not at all. The big drop is definitely not from our major shareholders. In fact after the statement that went out on Thursday morning into the market weve seen a recovery in our share price exceeding 45% of the value - so I think the market has taken note of the context of the statement on Wednesday that wasnt a profit warning at all. It is simply a statement giving the market information of our earnings per share at this stage

David Williams: You are in an interesting position because youre a life-long mining person - you are a chemical engineer - but youve been chief executive full time for two weeks

Leon Coetzer: Yes, my whole career has been built around identifying new technologies and bringing them to fruition in as quick and cost effective way as possible. That allowed me to build a very successful career in a very major mining company.

David Williams: That was Anglo Platinum?

Leon Coetzer: Correct. I moved across to Braemore in a temporary capacity from 1 July. There was an agreement between my previous employer and myself that over a three-month period I would slowly extract myself out of that business to ensure that the transition is smooth and currently from 1 September 100% of my effort is focussed on Braemore and its projects.

David Williams: A baptism of fire. "

cyril.

I wasn't being critical just making the point that AIM cy's are all static or losing value at present so IMO there isn't any point in throwing anymore money at them. The MM's would love us to do it cause they can then keep our money for a considerable period of time. Even the 'darling' CFM has crashed to 16p before today (and yes I am in it!)

Teddy bear - 'if you don't realise you should not be investing in aim stocks' I'm sorry, I don't understand your point.

Teddy great post, DD no problems, yes AIM is a target at times like this, through no fault of their own. All share carry risk, NKR,BB.,HBOS MARCONI all blue chip and
look whats happen to them?
My investmrnts are long term so not to worried by the present turmoil, nice to see a recovery by BRR today, i did get into ELP sub 4p and they're going well.
regards
cyril

Back to 3p..?