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BRW, BREAKAWAY RESOURCES LIMITED
jojosydney
post Posted: Oct 14 2010, 06:41 AM
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Hi everyone

We have a new coppermine going back in production being the Eloise in which Breakaway resources has a 30% royaltiy stake of the profits.

It basically can just sit back , and see the mine going back into production next month and reap the benefits of the high Copper and gold prices.



BRW is now back in a very admirable postition, and only has to sit back and let FMR do all the work to get the copper mine back in prodcution

No costs involved from the BRW part, BRW only has to bank the 30% of profits in their bank account being the royalties payable.

Now with the current high Copper prices this is going to be great money earner for BRW.

Not only that, but we can expect increase in production and cash flows,as everything was set ready to do so, before they closed the mine because of the fall in copper prices at the time.

See the following link:

http://www.asx.com.au/asxpdf/20081204/pdf/31f1b116bkrm1k.pdf

As redbeard mentioned exploration upside is right there as they have a large highly prospective exploration tenenment of around 350 km2.

This company with its Mcap of around $22 Million is due for a big re-rating imho.

Looking at potential royalties of say $15 million we could see a doubling in todays shareprice as this money comes at NOT extra cost to BRW.

The market was played with today and as the wider market has not picked up on this story yet , its a great time to top up imho.

If all goes well we should see some good upside in the next couple of days.

Good luck to all

jojo

 
nifty49
post Posted: Jan 7 2010, 12:00 PM
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SPP doco received today

One of my stocks badly affected by downturn.....hmmmm

Nifty thumbdown.gif


 
hungry
post Posted: May 12 2008, 11:49 AM
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Increased volume last week & today might just push it through 50c resis to 60c resis. If it breaks that, there's not much stopping it from going back to it's last significant high @ 94c.
Bought a few on Friday with that scenario in mind.
Cheers

 
cy7
post Posted: May 12 2008, 10:57 AM
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In reply to: AndrewD01 on Monday 12/05/08 10:35am
 
AndrewD01
post Posted: May 12 2008, 10:35 AM
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In reply to: cy7 on Monday 12/05/08 11:24am

Pls check this -

Barry Fitzgerald: Perseus is a near-legend on the back of African gold

in The Age; second snippet is about BRW - he still believe in them; I been holding, buying, selling them for about 10 years... still waiting for the big break.

BRW

 
cy7
post Posted: May 12 2008, 10:24 AM
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In reply to: cy7 on Thursday 08/05/08 03:06pm

I don’t have many BRW – but it is good to see some buying by the directors.

Peter Buck: (Managing Director)
02/05/08: Purch 50,000 shares @ 40c ($20,000) on market
05/05/08: Purch 20,000 shares @ 41c ($8,200) on market

Interestingly in times past their was a lot of posts and much enthusiasm for this stock

Eloise has been a disappointment and is contrary to the impression given by management (in my view at least) at the Resource Rising Star conference on the Gold Coast in Sept 2006.

Still the stock has exploration potential and should also still have the potential of royalties from Eloise.

Just thought I would try to keep the BRW ball afloat ---

The weekly graph does have potential --- a weekly close above 45 cents would improve it more.

Regards cy7.


 


cy7
post Posted: May 8 2008, 03:06 PM
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In reply to: nifty49 on Wednesday 21/11/07 04:36pm

Directors Transactions --- not a lot but better having them buying than selling

Peter Buck:
02/05/08: Purch 50,000 shares @ 40c ($20,000) on market
Holds:
452,000 Fully Paid Ordinary Shares
2,000,000 Unlisted options ex at 34.5c 28 July 2009.
750,000 Unlisted options ex at 85c 22 November 2010.

John Atkins: appointed 24/11/06
02/05/08: Purch 100,000 shares @ 40.5c ($40,500) on market
Holds:
100,000 FPO Shares <Trust A/c for Kate Atkins>
100,000 FPO Shares held by Kate Atkins.

Not much interest in BRW anymore --- I still have some ---- disappointed somewhat over the last 18 months or so.

Patience is required I suppose


 
nifty49
post Posted: Nov 21 2007, 04:36 PM
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In reply to: AndrewD01 on Wednesday 21/11/07 05:25pm

Andrew

It must have been the warm fuzzy feeling generated at AGM.

I am not complaining, chairman's address is a good summary.

Nifty rolleyes.gif

 
AndrewD01
post Posted: Nov 21 2007, 04:25 PM
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Would anyone have an explanation for today's 7% improvement of the SP?

Not that I'm complaining mind you, but it'd be nice to know (besides last week's announcements that hasn't set the ASX on fire) what's happening.

Thanks



 
nifty49
post Posted: Nov 5 2007, 06:07 AM
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In reply to: Black cap on Saturday 03/11/07 12:19pm

BC

Extract from today's AGE...

Russian input

Norilsk is now a major player in WA following its $C6.8 billion ($7.8 billion) takeover of Canada's LionOre earlier this year. The deal also gave the Russian company a 19.8 per cent stake in Breakaway Resources, which owns some nickel tenements LionOre divested to its old exploration team.

Breakaway is an early-stage exploration play. But the added risk brings with it the potential for more upside in the share price.

Breakaway has initially focused its attention on the Scotia prospect, about 15 kilometres north of an old nickel mine, where it's been drilling for the last four or five months. Last week, it announced a promising intersection of 27 metres at 1.8 per cent nickel from a depth of 143 metres.

Some of Breakaway's projects are already tied up in offtake agreements with Norilsk but it's a free agent on the Scotia project. Breakaway wants to start drilling on several other prospects as well but managing director Peter Buck notes: "A company our size can only do so much at once."

 
 


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