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Braemore Resources Uses Cutting Edge Technology (BRR)     

mitzy - 08 Oct 2008 20:13 - 690 of 810

Its to do with the 305m performance shares which will convert to ordinary shares upon BRR entering into agreement with BHP would this lead to more share dilution for BRR shareholders..I cant see how this would be good for shareholders.

niceonecyril - 09 Oct 2008 09:43 - 691 of 810

Mitzy Below is the explaination from the Proactive writer.
cyril

The Atomaer Performance shares are one of the least confusing things about Braemore, IMO!

They were issued as part of the WCN purchase agreement in 2005, and are effectively the second half of a "half now, half on delivery" arrangement.

They convert to Ordinary Shares "on delivery" - i.e. when Leinster gets the green light. No fee is payable by Atomaer because they are effectively the second half of the purchase price of the Leinster project.

What could be simpler?


mitzy - 09 Oct 2008 11:29 - 692 of 810

Ok cyril I get it now.

mitzy - 10 Oct 2008 16:57 - 693 of 810

20% down for no reason this is a scary share.

canada1 - 11 Oct 2008 20:41 - 694 of 810

Short selling stopped for all shares!!!!!

Looks like the end of iii, moneyam, advfn, lse.

niceonecyril - 12 Oct 2008 15:34 - 695 of 810

Mitzy shares are scary at this moment?
cyril
p.s. even the good ones

canada1 - 13 Oct 2008 11:33 - 696 of 810

BuGG**!, misread the news, looks like only Greece has banned short selling..doh!

mitzy - 13 Oct 2008 11:40 - 697 of 810

up 30% well done cyril.

cynic - 13 Oct 2008 11:54 - 698 of 810

30% of FA is still FA, and knowing this stock, spread is prob over-wide too

niceonecyril - 13 Oct 2008 19:39 - 699 of 810

Mitzy most shares rose today and hopefully over a period of time the market will
recover some composure,so come 2011 the real value of this company will be realised. However its worth remembering that some serious sums of money will be
required before we reach a successful outcome for both projects and at present, fund raising is out of fashion.
cyril

mitzy - 13 Oct 2008 20:47 - 700 of 810

Credit crunch affecting all shares cyril.

Andy - 13 Oct 2008 22:49 - 701 of 810

A new article that may be of interest to holders,
click HERE

explosive - 14 Oct 2008 01:51 - 702 of 810

Fears of a global recession is driving futures down as less demand for commodities continues. Lets see if the unfreezing of credit markets changes this, we all know emerging markets need commodities however if they can't afford or borrow the money to purchase them then theirs only one direction the sp will take. I'm surprised that BRR at current lows hasn't received any offers, still plenty of time though.

mitzy - 22 Oct 2008 16:52 - 703 of 810

1p is that correct...?

halifax - 22 Oct 2008 16:56 - 704 of 810

Auction sp 1-3p

mitzy - 22 Oct 2008 17:49 - 705 of 810

Yep I've got it now halifax must be a rogue trade.

mitzy - 25 Oct 2008 19:34 - 706 of 810

I expect further falls next week.

cynic - 25 Oct 2008 19:53 - 707 of 810

should be a soft landing .... bit like jumping out of the ground floor window

mitzy - 25 Oct 2008 20:09 - 708 of 810

cynic there is a poster on another ste saying this is one big fraud and whether what he has said is true mud always sticks he also mentions Althona mining and others.

cynic - 25 Oct 2008 21:42 - 709 of 810

confess i was totally gulled at their agm several months ago when we were told the company would be profitable within about 2 years .... fortunately i sold out 2/3 months back, albeit at a thumping loss
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