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Braemore Resources Uses Cutting Edge Technology (BRR)     

ptholden - 04 Dec 2007 16:26 - 361 of 810

No surprise there then ;)

teddybear5 - 04 Dec 2007 16:45 - 362 of 810

hi toya back to 20 topped up just under 20 just waiting for good news hopefully by the end of the month lol.

Toya - 04 Dec 2007 17:24 - 363 of 810

Hi Teddybear, PTH et al: have you had a look at the Prelims? came out at 16:43

Link to BRR Prelims

AGM on December 28th

teddybear5 - 04 Dec 2007 17:36 - 364 of 810

yes toya wonder why they sneaked them out of market hours?

cynic - 04 Dec 2007 17:37 - 365 of 810

often the case, to allow them to be properly digested before start of biz on the morrow ...... in my totally inexpert opinion, i thought the trading and development statements made very encouraging reading

Toya - 04 Dec 2007 17:41 - 366 of 810

There's certainly a lot to digest - especially when one can't make head or tail of all those tailings! But it looks good to me.

teddybear5 - 04 Dec 2007 17:49 - 367 of 810

hi cynic/toya i will feel more confident if or when they sign the agreement with bhp because thats the biggie for me/

Toya - 04 Dec 2007 17:51 - 368 of 810

I like this paragraph:

"The company looks forward to a positive re-rating of the share price on
continuing positive results from the metallurgical testwork and pilot scale
processing of tailings as part of completing its feasibility study together with
the commencement of commercial production in South Africa."

Toya - 04 Dec 2007 17:53 - 369 of 810

... and this:

"The company's share price performance has been encouraging despite a relatively
low flow of announcements as the company was still at early phases in its major
projects. News flow should accelerate in the current year as we are expecting
some significant progress both in nickel in Australia and PGMs and nickel in
South Africa."

ptholden - 04 Dec 2007 17:59 - 370 of 810

As I don't have an interest far too much for me to bother reading, will be interesting to see how the market reacts tomorrow. I wonder why they were released after the close and why for prelims they are so damn chunky? Perhaps to hide any bad news? No idea

Toya - 04 Dec 2007 18:02 - 371 of 810

Are they listed in Australia as well? Perhaps it's so the news is released while both markets are closed? - just a suggestion

teddybear5 - 04 Dec 2007 18:04 - 372 of 810

this one looks encouraging seems the way its worded they already assume it done thing with bhp
With a positive outlook for demand for both nickel and PGMs, primarily driven by
underlying baseload demand in the West and emerging demand in China and India,
Braemore looks forward to unlocking the considerable potential of its projects
in both Australia and South Africa, and emerging as a significant producer of
these important metals.

Toya - 04 Dec 2007 18:06 - 373 of 810

This is the AFX write-up. Seems you may have a point PTH!

Braemore Resources FY pretax group loss widens; sees newsflow acceleration

LONDON (Thomson Financial) - Braemore Resources PLC posted a wider full year pretax loss, but said it expects acceleration in newsflow in the current year on significant progress both in nickel in Australia, and PGMs and nickel in South Africa.

The company said it is on track to complete the feasibility studies over the Leinster tailings by mid 2008.

The pretax loss for the year ended June 30 came in at 923,000 stg compared to 902,000 stg.

Braemore said it looks forward to positive re-rating of its share price on continuing positive results from the metallurgical testwork together with the start of the commercial production in South Africa.

The metallurgical testwork in Finland and Australia has moved to continuous laboratory scale and is currently being taken to pilot scale, it added.

Toya - 04 Dec 2007 18:08 - 374 of 810

Actually that's not a big widening of the loss, especially taking into account all the progress they've been making operationally?? - What do you reckon?

teddybear5 - 04 Dec 2007 18:11 - 375 of 810

dont think the figures really count this time they will count in the next 2/3 years though lol

Toya - 04 Dec 2007 18:12 - 376 of 810

Teddybear: I thought the same when I read it.

Well, must go on kitchen duty now - will leave you guys to ponder!

ptholden - 04 Dec 2007 18:51 - 377 of 810

You will find out tomorrow i guess, losses are rarely well accepted, usually greeted by a mark down, depends on how well the other stuff is received.

ptholden - 04 Dec 2007 19:21 - 378 of 810

Looking at the trades page today, I can't see any reason for the mark down last thing, wonder if the MMs were in the know?

Toya - 04 Dec 2007 19:26 - 379 of 810

I wondered that, but if you look at the intraday chart the sp did recover late afternoon - so perhaps it perked up when they reckoned it would be OK? - as you say: we'll soon know... only a few hours to go!

cynic - 04 Dec 2007 20:40 - 380 of 810

even of the figures are deemed to be better than expected, do not hope for fireworks .... still a very long way to go
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