Baobab Resources Share Discussion Threads

[qipincha] 25/3/2015 16:42

what happen in the last hour?

[exbroker] 25/3/2015 16:14

If Redbird buy even a single share they have to issue a Rule8.3 to the market, which is what I said in a previous post......

[tr4der1] 25/3/2015 16:10

How do know they are not buying? They wanna pay 6p, its 5.5p on the open market, why would they not by cheaper on the open market.

[exbroker] 25/3/2015 14:23

But they are not buying now which is what you implied, and have not done so in three weeks.Who knows if they will again once the document is posted.

[tr4der1] 25/3/2015 12:59

Also 2nd march.

[tr4der1] 25/3/2015 12:53

Exbroker, regarding redbird increasing their holding, check rns 3rd March, redbird holding 40% started of with 38%

[exbroker] 25/3/2015 12:39

Max101
This is binary they are giving you 6p in cash for a company that is BUST if Redbird walk away. Stay in and be diluted and take a risk on them delivering the project with no obvious exit.

[enewman36] 25/3/2015 11:37

yawn Max - that statement of £1.50-£2 has become one of the BAO club classics that can only ever be replayed over and over again as it aint gonna happen mate!

[max101] 25/3/2015 10:58

definitely considering leaving some in the game. ( Not all !! )

Even IF they did the dilution after a delist, the upside to the share price once they sell to the chinese or ? would far outweigh it. End result based on this alone is that you'd likely make a hell of alot more than 6p

I still fancy a slice of that £1.50-£2 and if anything, what's taken place recently has endorsed that.

[clockers] 25/3/2015 07:59

can the IFC vote? They have a 12.89% participatory interest.

I wonder whether they know about this when they didn't contribute to 2014 costs or if they were encouraged not to participate to reduce their voting rights.

[tr4der1] 25/3/2015 00:37

Redbird is buying. They increased their holding from 38 to 40 and by end of 28 days probably 50.

[pete_bain] 24/3/2015 22:29

We will be offered 6pStill holding 1m and waiting to decide post offer.

[gowboy] 24/3/2015 21:10

Tops, honestly, I have no idea whether they will or won't. As far as I am aware they have no choice but to offer 6p - however the caveat to that is the statement I quoted in my last post. We are getting pretty close to 28 days now so we will find out soon. Some individuals clearly buying - but on what basis - quick 10% turnaround or continue investing when the company is delisted - no idea!

[topicel] 24/3/2015 16:16

Gowboy - I believe you were a LTHS here. Do you subscribe to the theory that we will actually be formally offered 6p?

The selling is suggesting otherwise. Depends on your holding I suppose but 5.4p is generally all the MMs will offer and on, say, 100k, that is perhaps £500 or so...

Short and curries. BJ and JD need to be careful of their future involvement in this industry imho. At least it should be 6p unequivocally

Topicel

[gowboy] 24/3/2015 12:34

28 Days from the date of the announcement which was 27 February. You would therefore expect that offer to be formally announced this week - "or such later date as may be agreed with the offeror and the Independent Directors"...........

[kbrook] 24/3/2015 09:46

Anybody still holding ? If so has anyone heard anything from their broker ?

[queenwood] 23/3/2015 19:35

solonic you were on the other thread laughing at investors who have lost money ,what on earth is to be gained from such strange behaviour.

[clockers] 23/3/2015 13:53

hxxp://www.macauhub.com.mo/en/2015/03/18/world-bank-invests-in-mm-integrated-steel-mills-mozambique/



IFC/World bank invests in Mozambique steel mills

[venture traveller] 20/3/2015 14:07

Dollar weakening means good news for commodities. This means iron will nudge up, and the case for BAO being a commercial enterprise.

Such a pity its coming too late.

I hope that some of my other commodity plays can come good, as i've written of a few already - like so many others.

[fangorn2] 20/3/2015 11:41

Keep on scribbling and wasting your time in the knowledge that I am indeed NOT readign any of your drivel.

Surprised you havent had a coronary...

What a dull life you must lead

[solonic] 20/3/2015 09:11

Shame that you both lost so much on BAO, though. Hee Hee.

[fangorn2] 20/3/2015 08:53

He's up early Pete, must've wet the bed.

Amazing that he hasnt anything better to do that troll this ONE board till the very late evening, then rinse and repeat first thing the followintg morning

Clearly on the dole, posting from his bedsit.

[pete_bain] 20/3/2015 08:29

Never feed a troll. As BAO dies so does he. This is the END my multi-monikered friend. The end, the end.