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.proactiveinvestors.co.uk/articles/art.php?BRR2
cyril

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!

Braemore may have Finnish suitor
Brendan Ryan | Wed, 17 Jun 2009 12:12
[miningmx.com] -- PLATINUM and nickel producer Braemore Resources is in talks which could lead to an offer being made for the company. Market sources reckon the buyer could be Finnish refining group Ruukki.

Braemore CEO Leon Coetzer was not immediately available for comment.

The company said in a statement released on Wednesday in response to recent volatility in the share price of the company that it confirmed Braemore was in discussions with a third party that may or may not lead to an offer being made for the company.

On Londons AIM market the Braemore share price dropped from about 7 pence in mid-May to about 4.45p before jumping to 5.95p on Tuesday. This earned it a speeding ticket from the stock exchange authorities, resulting in Wednesday's cautionary announcement.

Ruukkis strategy is to focus on end products with a high degree of refining. The group announced in 2008 it was looking at potential expansion into southern Africa because this area holds the largest chrome ore reserves in the world.

"Specialisation in other speciality metals and alloys is also a possibility.

Ruukki is in the process of buying Mogale Alloys for R2bn and made the first payment of R1.2bn at the end of May.

Mogale produces a range of alloys from its Krugersdorp plant including charge chrome, chromium-nickel alloy and silico-manganese. Mogales production is marketed through JSE-listed Metmar, which also owned an effective 11.8% shareholding in Mogale.

Braemore would appear to fit Ruukkis strategic business requirements because of the revolutionary ConRoast technology it has licensed from SA research institution Mintek for the treatment of platinum group metal (PGM) ores.

The particular attraction of the ConRoast process is that it can treat PGM ores with high concentrations of chrome.

The technology could be strategically vital for the SA platinum industrys future, which will have to source greater volumes of its production from the chrome-rich UG2 Reef instead of the Merensky Reef it has largely exploited until now.

High chrome levels pose a serious danger in the smelting process and have resulted in a number of furnace failures. The latest of these has just been reported by Lonmin.

Braemore has been successfully running a 3.2MW smelter at Minteks Randburg site and is now looking at commissioning an associated hydrometallurgical refining process.

This will separate PGMs from associated base metal byproducts such as copper and nickel to produce a high value PGM concentrate which can be sent for direct processing at PGM refineries.

Braemore also intends building a separate 5MW to 10MW ConRoast smelter, which it hopes to use as a lever to gain greater equity exposure to the platinum sector. So far it has signed up one customer, Jubilee Platinum , to use the technology.

Should Braemore be taken over, it will be the latest development in the ongoing consolidation of the SA platinum sector after Aquarius Platinums takeover of Ridge Mining.
cyril

Next question is 'what constitutes a good price' for BRR? Currently either the market thinks the offer is a white elephant or the company valuation is about right. Usually bid speculation would push the sp up to bid level or more.

Harry the $64m question, they need funds which weakens their position,also
Atomaer have the controling interest so i expect its a matter of whether they wish to sell and at what price? If they're not willing to support BRR then a lowerr SP,for
me at least 6p but hoping for double digets, but what the hell do i know?
cyril

Thanks for that info in 769 Cyril - very useful, and makes sense. 6p would be ok but 10p would be a lot better!

Fair to say that the market is underwhelmed by the news. Makes me suspect that they think the offer is going to be an all share offer rather than a cash settlement. Still no indication who the bidder might be but presumably they think that BRR is going reasonably cheaply.

Harry; if they pitch the offer to low BHP could come in with an offer,the Leinster
tailings processed using BRR's knowhow would imv make it a very attractive
acquisition.
All will be revealed in the near future.
cyril