All companys we know have been smashed, the fact remains that the credit crunch is still not resolved, one thing that cant be denied with BRM is we have enough petrol in the tank to sail rite through this crisis, the point is that all other juniors have much lower cash levels and will need to raise and place at much lower levels than the SP was 3 months ago creating massive dilution. WR's decesion to place when he did was a nothing short of life saving, not sure if all shareholders realise how lucky we all are to have the placement made when it was. Huge success which placed us well ahead of the pack. We also need to remember that WR's has only been with the company for just over 1 year, when you sit down and add up everything that BRM has acheived in this short period its nothing short of a stella performance by the company, the SP ofcoarse is depressing to see it so low but this will take care of itself as we get closer to production, we only really have the final hurdle of transport to resolve, FMG looks like the ticket to solve the issue.
The revenue generated from the first start up production will be significant and fund probably the rest of the expansion, we have come along way and still have a way to go, if you give BRM a 2 or 3 year time frame the SP could be anything when looking at WR production targets.
Absolutely huge potential over the next few years, these ups and downs are part of the road, nothing to be faised about really, rather funny reading the UMC thread a couple of days ago, shareholders wanted to through the directors under the bus because of the SP, humerous stuff.
I hope a few of you used this pull back to top up.
BRM Price at posting:
$1.10 Sentiment: LT Buy Disclosure: Held