rail open, page-40

new investors (and the more seasoned) have been dealt a valuable lesson in the market over the last 2 months. When sentiment (fear in this case) takes over, forget everything, especially fundamentals!

what will stem the tide here. We are already valued at -$50M!! ex cash. So the market is saying that not only will we not exceed, we will spend half of our cash before realising this to be the case.

It is hard to see this turning around any time soon but should start to stablise a bit imo, it cannot go down 2-3% per day forever! Cold comfort to those who bought in higher up. I took one lot at about $2.53 thinking that the capital raising would provide some solice, but .....

At <50 cents it is hard to imagine what is going through the heads of the sellers. I thought that even at $2 to sell was madness, based on the fundamentals, but as I stated at the start sentiment drives the market.

They must be thinking that the world will end or simply just need the money. the ratio of fundamentals of BRM to share price have never been so good, not withstanding the meltdown in the markets.

surely their is some value, even $0 will do at this point in the marillana deposit, lol. Even to get back to zero would se a near 80% appreciation of the share price.

We are back seat passengers atm with totally no control of the SP direction no matter what is announced. If we are exporting ore in 2010 though, I would bet the left one on being higher than 48 cents.