Baobab Resources Share Discussion Threads

[max101] 27/2/2015 12:32

slow down haff .... this is only round 1st offer. not even had a vote ;)

There's always a stupid lowball offer just to get things going ..

like buying a rug or a how. Same rules apply.

[haff1] 27/2/2015 12:18

..What time frame are we working to here before we will be delisted?

[seanywauny] 27/2/2015 12:17

Thought you said Jeremy bought in to those as well?

[bossman1978] 27/2/2015 12:17

I think we all want fair value here? This 6p is not fair value and the directors know it! Its any other Aim scandal and everyone knows it! BHR and Lond to name a few were all scandels. Even the director in BHR got his mate the hairdresser to buy shares! Total disgrace to the Aim market regulators who seem to have very little interest in their jobs anymore.

[bigwod] 27/2/2015 11:37

Pete
I got shafted by BHR board , still sore now.

[pete_bain] 27/2/2015 11:35

That has a certain masochistic appeal!Decisions, decisions.

[solonic] 27/2/2015 11:33

Yeah, Ben n Jerry would be like those Scottish lads, up to their balls in pete.

[qipincha] 27/2/2015 11:33

what is the redbird's % of holding?
as the proposal need >50% to approve, is it right?


--------------
The Offer is subject to the Conditions set out in Appendix I, including, inter alia, receipt of applicable regulatory approvals in Mozambique, and a minimum acceptance condition of 72.31 per cent.


Redbird, an aggregate of 130,397,827 Shares representing approximately 38.09 per cent. of the Company's Issued Share Capital are therefore committed to support the proposed De-Listing.

[bigwod] 27/2/2015 11:31

Pete
if we are as a group of shareholders being shafted as a majority then keeping shares in a private company as a minority shareholder says watch out your next. Think of Ben and Jeremy behind you with a huge strap on saying give us your shares

[max101] 27/2/2015 11:29

ultimate weak shake out then we can get on with the steel :)

It's qxl all over again..... and i'm still smiling after that one.
This was always going to happen when we go on the verge of all the pieces falling into place. Why are people acting so surprised.


I see we have a few day traders backing up bash boys.

£1.50-£2



KB, very true.

[solonic] 27/2/2015 11:28

I told you so, pete! Hee Hee

[pete_bain] 27/2/2015 11:22

I am tempted to continue to hold my stock (well 50% of it) private company or not. What's the thoughts of other large share holders.?

[kbrook] 27/2/2015 11:21

October 2013 not last year

[topicel] 27/2/2015 11:17

Yep kb, his vidcam words were when the share was around 14-15p. I wonder if it still is uploadable, last October or so, wasn't it? If I recall though it wasn't an outright recommendation to buy shares...so little come back on that even if it was possible.

JD and BJ should right to all shareholders and explain how and why they could allow a company like Redbird to give them a bridging loan and not expect something back. If they were thinking of PIs they should have said then that the company was theirs if they paid the then share price But oh no, soldier on racking up debts they weren't really clear about. The auditors did know, as was widely touted, and I said the loan was a death knell.

They'll be alright though, keep their jobs and will be rewarded when it re-lists in five years. Lol.

Topicel

[bozicle] 27/2/2015 11:07

Nice handshakes or future positions will prevent the board looking for better offers. Usual backstabbing of P.I.'s and no accountability from Aim Co BOD's.

History will follow them but hey ho, what do they care. Short term embarrassment but bigger pockets a priority.

[kbrook] 27/2/2015 11:05

Just turned on the tv, itv there's a 9 year old boy with testicular cancer. Puts this shambles into perspective. And he's smiling.

[bigwod] 27/2/2015 11:03

Ive just booked my late deal holiday leaving monday morning to get away from this total shambles, Week in the sun to calm me down hxxps://www.latedeals.co.uk

[kbrook] 27/2/2015 10:57

2phil.... It was 15p when he was telling people to buy shares, I remember because I did. Average 17p here...ouch

[qipincha] 27/2/2015 10:56

Mortimer7

I feel the same!

shame if we give up now! after all this time of waiting
that's what they want!

[mortimer7] 27/2/2015 10:56

Fair enough bigwod, everyone has to act in their best interests.
I just feel Redbird are being opportunistic and are looking to get this on the cheap, so perhaps they could be prepared to go higher.

[2phildove] 27/2/2015 10:54

there should be a case against BJ advising people to buy shares at 10p.
we should have had a clause regarding a takeout by Redbird
where has the additional amounts come from. I was pretty certain we should have been funded for BFS but because we choose to go down the 1mt or 2mtpa scenario we blew £10m, now we need to start from scratch.

I with the other suggestion of keeping the shares in the hope one day they will come back..................

But BJ and JD are as dishonest as the day is long. We have all been had. The usual saying, if it is to good..........then it probably really isnt.

[marmar80] 27/2/2015 10:53

Bit of marketing, as Bao is on its safe path to takeover bids, have a look at Oxus. S/p down from 4.9 to almost 3p and big news expected any day. Check oxs boards and the summary. Regards to All here. Btw. I followed Bao for a few years and expected rise back to 20-40, but.. big money won again.

[bigwod] 27/2/2015 10:46

mortimer
Id rather have the negligible amount than nothing as my negligible amount at 6p is not to be sniffed at

[bigwod] 27/2/2015 10:40

Why Now
They probably know that the company could go bust very soon and could put itself up for sale at anytime for a better offer so they've steamed in and offered 6p take it or leave it and they have taken it. They should of been looking for a takeout not a partner all this hard work for 6p Jeremy Dowler you are a disgrace to all the shareholders

[mortimer7] 27/2/2015 10:36

Realistically, there won't be another bidder. Best hope is for Redbird to increase their offer, which may happen if enough of us vote against the initial proposals.
Risky I know, but I'm already over 70% down here so would rather have some fun screwing with their plans than accept a negligible amount.