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Share Name Share Symbol Market Type Share ISIN Share Description
Obtala Res. LSE:OBT London Ordinary Share GG00B4WJSD17 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.375p +4.69% 8.375p 8.00p 8.75p 8.375p 8.00p 8.00p 511,104 13:46:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1.7 -24.1 -5.1 - 21.68

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Date Time Title Posts
26/5/201614:12Obtala Resources 2015 onwards2,238
26/4/201611:05Obtala Resources - Agriculture, Forestry and Strategic Investments7,139
24/3/201514:20Obtala Resources Limited Ord 1P27
29/8/201421:32OBT - Truth Thread160
27/6/201414:40Obtala Resources. Metal exploration in Tanzania1,160

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Obtala Resources Daily Update: Obtala Res. is listed in the Mining sector of the London Stock Exchange with ticker OBT. The last closing price for Obtala Resources was 8p.
Obtala Res. has a 4 week average price of 8.47p and a 12 week average price of 7.05p.
The 1 year high share price is 9.50p while the 1 year low share price is currently 4.88p.
There are currently 258,883,560 shares in issue and the average daily traded volume is 996,570 shares. The market capitalisation of Obtala Res. is £21,681,498.15.
tadtech: Attended UK Investor yesterday and met Obtala on the stand and at the presentation. Wanted to clear up a number of issues.... Firstly the Mozambique political situation (Renamo) has had no effect at all on the forestry division, was told by Simon Rollason (who was in Moz last week) that this has been hugely over hyped by media, Obtala transports timber to the port with no difficulty. I emphasized to Miles Pelham that it was essential PR was improved to get the Obtala message out there, he was in agreement, I think we will see a new era in this regard moving forward. Was very impressed with the new drive to pump out more revenues from both forestry and the farms, it looks like they will ramp up timber sales in the first instance, they have had significant interest from new buyers from the Far/Mid East. The farms will target high margin and specially selected produce for both export and local sales, the 50% that cannot be exported due to quality/size issues will be sold locally, the idea being local sales will fund costs with export sales delivering clean profit. It was stressed how important the food certificates are to the business, getting these was described as a 'nightmare' thus the delays in revenue on the farms front. Now they have them they are free to export, export targets mentioned were Saudi and China! I got the impression from Miles that there may be more new entities buying Obtala shares, is it likely we may see some more holdings statements? I think so. Non core assets will almost certainly disposed of, the emphasis is to deliver value from forestry and farms which are both capable of significant growth. The presentation was clean and concise. Miles responded to a question from a very high net worth AIM company director (is he buying in?) that Obtala will remain a non diluting company and will not take on debt, he implied there may well be more money coming from 'investors' interested in taking stakes in the forestry assets. I am in no doubt Obtala is a changed company moving forward, entirely focused in delivering shareholder value from 2 main assets, no longer a 'bits and pieces' company. My view is the share price will take care of itself in due course. No advice intended
bapodra_investments: The only way an investor would have made any serious or meaningful money on Zambeef is if they had followed the trend upwards to 60p and then when the reversal kicked in they sold around the 40p - 50p mark. Agriterra has just been a disaster. Especially since it was promoted on MoneyWeek. Obtala is a funny one as the losses have not been as steep but the forestry revision just knocked the stuffing out of investors. The U-Turn has ensured that there is no momentum on the share price for Obtala. If things do not improve quickly then this is going all the way down to 1p.
beeks of arabia: Unfortunately I haven't filtered him on my mobile device id, so had to scroll through his last few pages of drivel. Obtala have already stated that the logging decree will not affect them - hTTp://uk.advfn.com/stock-market/london/obtala-resources-OBT/share-news/Obtala-Resources-Limited-Timber-Update/69556725 OBT have done a lot of work to be seen to be responsible and sensitive to the areas needs, whether agriculture or logging. He's obviously on the blob.
tadtech: I do hope some of the posters here will be attending UK Investor Show to put to OBT exactly as you feel. I sure will be! I was hoping for the new directors to get to deal with the lousy PR and lack of detail coming from the company concerning it's projects. There have been some modest improvements but what about some media to get the message out??? There have been complaints from certain shareholders I associate with in respect of communication, failure to reply to emails or bland 'we know best' kind of replies. I have been speaking to a number of city types about Obtala, just about everyone is of the same opinion. Poor PR, lack of communication and clarity on direction. Saying all the above I still feel the company could either (1) receive a takeover approach or (2) some form of corporate action(s) could generate value way beyond the current share price. I would love to see the whole company acquired lock stock and barrel, perhaps with Hong Kong investors buying in this could be a reality. N.B. I would also add that Frank has failed miserably to deliver the shareholder value he talked about at Real Man in November 2014, at the time the share price was circa 10p.
tadtech: Looks like Valentin Bovykin could well be a friend of Miles Pelham who was appointed as a Non Exec in August, between them they hold over 10% of Obtala. Both based in Hong Kong. Will more HK entities come into the market to pick up a stake whist the share price remains low? The value here will come from corporate action in my view. Frank Scolaro is no spring chicken. I am sure he would like to monetize his near 30% stake, this can only come from corporate action. It also appears he has decided to take a back seat and allow the new directors to get on with moving this company in the right direction. RNS's are now signed off by Kevin Milne. Since the appointments in August there have been a couple of decisive news events concerning agriculture and now forestry + the awards of the essential food certifications which enable OBT to sell into Europe. It would not take much to push this back into double digits, it can only be a matter of time. More news to come it seems.
tadtech: There must be some news shortly, it seems an age since the last meaningful update. This has hugely disappointed and under-performed since Obtala presented in Clerkenwell back in November 2014. Frank talked very positively at the time, the share price was 11.5p and hinted at strong gains into 2015. We then had a number of press reports (inc Evening Standard) of bid interest at 23p per share. New Directors have arrived but the usual Obtala woeful IR and PR remains, a company like Obtala, with so many operating divisions should release at least 1 RNS per month as a minimum. I am still hoping for a major corporate event, the shares seem too low, farm revenues alone should start to generate real cash into 2017 and the market is forward looking.
tadtech: I am very disappointed with events since that presentation by Frank last November at Winni's place, he seemed genuine about share price appreciation even suggesting he would not allow his shareholders to lose money. Well Frank the share price was north of 11p at the time and now it's 7p! I believe the recent board appointees are a result of dissatisfaction amongst the major shareholders concerning progress and I do expect to see some significant moves afoot shortly as a consequence. I note Frank has sold out of Paragon Diamonds (raising circa £2m) What would happen if private equity bought his 29% holding in OBT?? He would want 20p+ in my view. An investment in OBT, in my view, is more about potential corporate action as opposed to divisional trading performance. It is for that reason I remain invested. I do expect to see a significant profit at some point.
supreme mo: Before anyone beefs that this relates to another company or why have i copied the full RNS (i havent btw)... this could be relevant for us if OBT are the large seller of PRG stock.... as they could potentially realise cash for stock in one go.Share buyback programmeThe Loan will also give Paragon the option of initiating a share buyback programme if any existing shareholders wish to exit. The Board believes that the Company's stock is currently undervalued following the progress which has been made during the last 12 months, and in particular given the pending Mothae Acquisition which, if approved, may contribute significantly to Paragon's enterprise value when added to the Company's existing nearby Lemphane asset. Furthermore, having removed Lanstead from the shareholder register, re-positioned Paragon as a vertically integrated diamond company and agreed in principle the US$26 million funding package with ITGT of Dubai with minimal dilution to existing shareholders, the Board believes that the share price should be trading at significantly higher levels than it currently is and be reflective of the true value of the Company's asset portfolio.Additionally, the Board wants to ensure that the trading of its shares is orderly and that the share price is not overly volatile in the lead up to the completion of the Mothae Acquisition. The Company currently has the authority to repurchase up to 33,106,743 ordinary shares of 1p each in the Company ("Ordinary Shares"). The minimum price (excluding expenses) which the Company may pay for each Ordinary Share is 1p and the maximum price (excluding expenses) which the Company may pay for any Ordinary Share must not exceed 5% of the Company's average closing price per Ordinary Share on the London Stock Exchange for the five business days prior to the date of purchase. The Company will seek to renew its authorities to repurchase shares at the forthcoming Annual General Meeting.Paragon's Executive Chairman, Philip Falzon Sant Manduca said, "We wish to ensure that our share price more accurately reflects the growing value of the Company and if necessary the Board can now take action to ensure that the share price remains orderly. This is particularly important whilst we await completion of the Mothae Acquisition and the associated release of the ITGT funding package, so that production can commence later this year."Paragon's share price, in my opinion, should already be in double digits, and I have no doubt that it will be shortly after production commences. I am also aware that poor price action can fuel rumours and negative perceptions amongst existing and prospective investors, and I am determined that this is not going to happen whilst I am involved with Paragon. Shareholders and the market should view this short term debt facility principally as a mechanism for the Board to remove any shareholders if they wish to exit, promote positive sentiment around the share price at this important time and ensure that the Board transition the share price in a strong and proper manner during the coming weeks, thereby enabling a more efficient share price valuation to emerge."
mark10101: Just been having a look through our website, it has had quite bit added to it recently. I was particularly pleased to see the canning plant in operation and that the empty shots of the canning plant are now gone. Always gave a feeling of the asset being there but mothballed. Great to see it in full swing. Best group of photographs is in the media photo section. Http://www.obtalaresources.com/photo_gallery.html All in all looks like excellent progress on all fronts over the last year. Lets hope the buyer is done and 2015 can be the year of progress for the OBT share price.
tadtech: Paragon now trading in the 6p range, the value of OBT's stake has increased by £1m recently. This has not been reflected in the OBT share price so far. Every 1p rise adds about £300,000 to that value.

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Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 120,000 8.10 26 May 2016 14:19:49 GBX
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