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

Braemore Resources Plc
('Braemore' or 'the Company')
Operational Update

Braemore Resources (AIM: BRR; JSE: BRE), together with its technology partner Mintek, has achieved the stated research and development programme objective of developing a proven, industry-leading technology for the smelting of high chrome Platinum Group Metals ('PGM') concentrates. Braemore is now at the point in its business strategy, which will allow the company to transform from a technology development company into a commercially viable entity on the back of its technology.

The conclusion of the research into the PGM refining process, to complement the ConRoast smelting process, will enhance the commercial strength of the smelting process and is the final stage required to complete the research and development phase of the company.

The company has also undertaken to restructure the demonstration smelting facility in response to current metal prices and a strengthening South African Rand ('Rand'.). The company has experienced working cost increases in US Dollar ('Dollar') terms of some 12.5% within an eight week period whilst Dollar metal prices have remained static. This has put significant pressure on the company's working capital as it accelerated the conclusion of its research and development programme. The restructuring of the demonstration facility is targeted towards significant reductions in operating costs and reviewing the process units to better align with the proposed refining process. The process restructuring will be undertaken as swiftly as possible to minimise interruption to production at the demonstration unit. The refining process, once implemented, will increase the margins of the process to ensure strong commercial viability even at times of a strong Rand and low metal prices.

The company has entered into discussions with various parties to support the financing of the commercialisation strategy both for the development capital to build a next stage ConRoast facility with refining capability as well as addressing the Company's short term working capital needs. In addition the company is well advanced in forming joint ventures with existing and near-term producers of PGMs to secure feed material for a fully commercial smelting and refining facility.

Leon Coetzer, Chief Executive Officer, stated that Braemore is fulfilling its potential. 'We have steadily met our targets and we are poised for expansion. Funding the commercialisation of ConRoast and refining process is key, and we believe that the success of the development work done to date with the demonstration smelter showcases our ability to address the financing, smelting and refining challenges within the platinum industry.'

Do I detect some dilution ahead?
2517

Yes you do. Well spotted. Soon time to lock in some profit ready for the dip?

Moving back up again.

mitzy where to this time.....10p?

Difficult to say I hope it can recover.

Slowly moving back up now.

sold all mine now for a minuscule profit and glad to be out

Any particular reason?
Smelting of high chrome Platinum on course, though not yet developed & chart DMA's all rising. Fund raising looks likely at some time soon, but with demand for platinum set to increase once the atuo makers are up & running again, BRR looks a reasonably good & cheap play.

can't get that excited about this stock ...... it isn't and hasn't really performed and is prob just moving up in line with other commodity related stocks rather than for any specific reason.

therefore see no compelling reason to tie up funds here ...... any more than i would in RKH or FOGL and similar

Once the auto makers are up and running... I think they got along way to go, plus there will be less of them. Cars are at saturation point.

cynic----'it isn't and hasn't really performed' Depends on your entry point, if bought in the teens then I agree, however if bought around the 2p mark (fairly recently) then trebling of an investment is a good performance.
2517

in that case, now would be a very good time to lock in profits

The market is not too impressed. Heavy selling & down 15%.

"Technology & Operations Update
As stated in the Operations Update released on 19 May 2009 Braemore Resources Plc (AIM: BRR, JSE: BRE) has commenced with the restructuring of its 3.2MW demonstration smelting facility at Mintek to further reduce operating costs of the demonstration smelter.

In addition, the Company is in discussions regarding funding to construct and commission the hydrometallurgical refining process, designed to significantly uplift the value of the PGM product. This is achieved by separating the PGM's from the base metals such as Nickel, Copper, Cobalt and Iron, and therein producing a high value PGM concentrate for direct processing at PGM refineries.

The furnace has successfully demonstrated the technology offering to the Platinum industry and has allowed Braemore to progress with the development of the hydrometallurgical refining process. The refining process is key to ensuring the commercial viability of the demonstration facility within the current market environment of a strong South African rand and suppressed metal prices.

The 3.2MW demonstration furnace operation will remain temporarily halted during this period while we restructure the operation and focus on the construction of the refinery process. The reduced furnace throughput during this period is expected to be offset by the Company's ability to provide an extended process offering by both smelting and refining of Platinum Group Metal (PGM) concentrates.

Leon Coetzer, Chief Executive Officer, commented, 'Having demonstrated the success of the furnace technology, our focus now turns to the installation of the hydrometallurgical refining plant. This broadened capability will enable Braemore to deliver a complete process offering to the PGM sector and is a key part of the commercialisation of the Company's proven technology.' "

Harry overslept and missed the bottom,but what a buying opportunity? I think the reason its marked down is short term trading mentality,this for the long term is
neccessary and positive just part of building up a great company.
cyril

Hmmm.... Not sure. With more funding needed I can see this falling to 4p. Long term, I agree that this is worth watching.

Tom Bulford posts a buy, then does some 'research' and posts a sell-Truly the blind leading the blind.
Everyone bales out and lo and behold we have a rise on possible buyout.

very interesting few weeks ahead-with news re deal expected end of month/early july.
very happy to hold.

I, too, continue to hold, having got back in a couple of weeks ago.

This RNS was released at 14:38 today:

Statement regarding share price movement

The Board of Braemore (AIM: BRR, JSE: BRE) notes the recent volatility in the share price of the Company and confirms that it is in discussions with a third party which may or may not lead to an offer being made for the Company. At this stage there is no certainty that an offer will be made for the Company or of the terms on which any offer might be made

The question is of course is there any substance to this announcement or is it like HAWK or AST just "pie in the sky"?

Hmm - not a lot of substance today by the looks of it!