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Obtala Res. Share Price - OBT

Share Name Share Symbol Market Type Share ISIN Share Description
Obtala Res. LSE:OBT London Ordinary Share GG00B4WJSD17 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 7.63 7.25 8.00 7.63 7.63 7.63 250,000 07:45:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Mining 1.7 -24.1 -5.1 - 19.74

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Date Time Title Posts
20/11/201516:51Obtala Resources 2015 onwards1,654
09/9/201506:21Obtala Resources - Agriculture, Forestry and Strategic Investments7,131
24/3/201514:20Obtala Resources Limited Ord 1P27
29/8/201420:32OBT - Truth Thread160
27/6/201413:40Obtala Resources. Metal exploration in Tanzania1,160

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Obtala Resources Top Chat Posts

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.
the count of monte_cristo: True but I think we may see some weakness with the OBT share price over the coming weeks. Long term this should be well positioned and the management seem to have been doing a great job recently with leveraging their on the ground contacts/experience. Just dissapointing that they did not get a better price for the BMN shares.
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.
club sandwich: couldn't find a direct email address on the OBT site, so sent this through the form on the Contact Us page... "I'm wondering whether the company is planning to release an operational update, as it did last year on 20th Feb? There seems to be an awful lot going on with the company, and I think shareholders are long overdue a full update - with hard numbers - of how the company is performing across all its areas of operation. We are also of course awaiting news on the forestry joint venture. More generally, can I saw how very disappointed many shareholders are with Obtala's corporate comms/investor relations? My own view is that the company should release regular 3- or 6-monthly updated: to strengthen the loyalty and confidence of existing investors, to attract new investors, and to reduce uncertainty and therefore share price volatility. The only people who benefit from extended periods of company silence are spivs and speculators. Nor can I understand why the company is so parsimonious with news, and why it doesn't seem to want the higher share price that would come with more regular updates of good news. The only reason I can think of why mgmt might want a low share price is if it was planning an MBO at a bargain price now that the company finally seems to be delivering... Yours,"
tadtech: The appointment of these two directors, out of the blue, is significant and very welcome. I wonder, in the case of Miles Pelham, who has mysteriously declared he has 12.8m shares, if his appointment is down to major shareholder discontent. Is he a representative of some consortium? Remember the bid rumours of 23p a share. The share price has stagnated in a range of 6.5p to 12p over the last two years, this is unacceptable and despite numerous promises of moves to create value progress has been slow, hindered by atrocious PR and failure to meet targets. We are now close to delivery and the group is poised to enter a growth phase. They have now appointed individuals with experience in their respective fields which bodes well. I am pretty sure we will see a new Obtala with improved PR and perhaps a posse of new HNW investors buying in or adding to their positions. If the market gets any hint of corporate moves the share price could re-rate very quickly indeed. We all know Frank wants north of 30p a share for his 29% stake. Forestry divestment news should be arriving soon.
multibagger: More good news and growing economies of scale....not expecting a share price uptick though....that will be asking for too much !! TIDMOBT RNS Number : 0616U Obtala Resources Limited 13 October 2014 13(th) October 2014 Obtala Resources Limited ("Obtala" or the "Company") (AIM: OBT) Additional Farm Land Obtala Resources Limited (AIM: OBT), the emerging agri-processing, farming and timber company, is pleased to announce that it has signed an agreement for additional agricultural land in Morogoro, Tanzania. Highlights: -- Land area covers 204 hectares, nearly doubling the existing horticulture block -- Located on the plot neighbouring the existing tomato, fruit and pepper farm project and associated infrastructure. -- Situated adjacent to main Dodoma to Dar es Salaam tarred highway and close to existing power-line -- Land lies 235km from the port at Dar es Salaam and 40km from large labour pool -- Plan is to build on the initial development made in 2013/2014 and create a series of fruit orchards to offset costs made from buying in fruit from contract farmers Obtala has agreed terms and signed an Agreement with a private, non-related Tanzanian citizen to form an operating and management company in which the Company will hold an 80% interest. The partner will hold a 20% free-carried interest with the company holding the lease over the land for an initial 15 year period renewable for a further 15 years thereafter. The land lies adjacent to the main tarmac highway which leads to the port of Dar es Salaam, approximately 235km to the east. The land is ideally located on a neighbouring farm to our existing farm operations and associated infrastructure. The objective will be to increase our footprint in the area and provide additional fruit and pepper inputs for the processing unit already established on site. The additional land will allow for expanded revenues and cost savings equivalent to c.$1 million per annum by having own produce and negating the requirement to purchase inputs from contract farmers. The production of the fruits will dramatically benefit financially from the incentives gained from the recently awarded Export Processing Zone licence (EPZ). Mango saplings are readily available from the local government nursery and the Company will target planting a 60 hectare mango orchard, containing c.20,000 mango trees. The purchase price for the sapling is $30,000. These trees will yield fruit at the end of the 2(nd) year producing an estimated at 5-7 tonnes per hectare rising to 10-15 tonnes as the trees mature. Recovered dried product is estimated at 15% of the fresh fruit weight. The new packaging solution we are evaluating, small 75-100g consumer focused doypacks will provide for significant value added margin realisation with units expected to sell for +$1.00 each. Pineapple is a two season crop; two crops over 30 months and is a drought resistant, requiring minimum irrigation. The Company will work towards planting pineapples over a 60 hectare area. Currently the Compnay is re-planting the crowns retained from the purchase product being fed into the drier. Yields are expected to be about 37 tons fresh fruit per hectare with recovered dried product packaged in similar bags as the mango and other fruits. Director's comment Grahame Vetch, Director of Agriculture, commented: "I am delighted to announce the signing of this agreement which expands our land base in one location. We can expand the existing farm infrastructure into the new block and benefit from the cost saving synergies. With this new block we will look to create fruit orchards that require low upfront capex and have low annual operating costs. The value of the crop will enhance as the trees grow and the concept of the value added packaging and branding under the Mama Jo's label presents an exciting opportunity. In the meantime we are buying in fruit from contract farmers but will be able to harvest our own crop in the near future providing significant additional cost savings." Obtala Resources Francesco Scolaro - Chairman Simon Rollason - Managing Director www.obtalaresources.com +44 (0) 20 7099 1940 Fox-Davies Capital +44 (0)20 3463 5000 Daniel Fox-Davies Jonathan Evans Square 1 Consulting +44 (0)20 7929 5599 David Bick Mark Longson This information is provided by RNS The company news service from the London Stock Exchange END
tadtech: Those new directors are there for a reason, delivery of shareholder value. I suspect the 12.8m shares Miles Pelham holds have been bought far higher up. Perhaps he was the accumulator when some entity was taking all the available stock at 11.75p back in November 2014. I fully expect some form of corporate action from Obtala over the coming months. Buyers have been in the market for OBT over the last couple of weeks and finally the share price seems to be responding. Historically OBT shares move quickly in a pretty thin market, could be back in double digits in quick time IMO.
cammy3: This is what's going to treble the current share price The timber business represents a substantial asset which, we believe, is not reflected in the company's share price. We have previously stated our intention to re-organise and divest the forestry division to recognise its true value and to grow the business in Mozambique more expeditiously. We are currently progressing this option, and given market conditions, will be focussed on maximising value. We have also received a commitment for seed funding from private international investors. The Board has also taken the decision not to bring in a strategic timber partner as previously evaluated to avoid value dilution. On the ground the plan is to diversify the product range with on-site processing to capture additional value and are analysing the feasibility of opening up a timber yard in Maputo.

Obtala Res. Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 100,000 7.25 24 Nov 2015 16:16:04 GBX

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