Market is going to punish this news which is disappointing because it is the correct tactic. 25MTPA has always been the main game, but 4 more years of development is going to be way to long for many.
If BRM can demonstrate a combined <10% impurity Si, Al2O3, as needed, then they will get a lot of interest from partners keen on a long-term 40 year partnership.
Our market has no long-term view ATM, hence any delay or postponement, however logical won't be looked on favourably. Time to put these shares away in the draw for a few years I think. If a 25MTPA project can be delivered in a recovering market in 2012 there will be a lot of BRM retirees out there... but I suspect many will dump their shares and run the the next opportunity, knowing that they can likely return back to BRM in the future at only a small premium to their exit price.
- Forums
- ASX - By Stock
- BRM
- straight to stage 2
straight to stage 2, page-4
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online