Share Name Share Symbol Market Type Share ISIN Share Description
Obtala 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
  +0.00p +0.00% 18.125p 17.75p 18.50p 18.125p 18.125p 18.125p 320,196 07:31:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 3.7 -10.4 -5.4 - 46.92

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Date Time Title Posts
29/4/201709:51Obtala Resources 2015 onwards2,750.00
27/8/201620:41Obtala Resources - Agriculture, Forestry and Strategic Investments7,142.00
24/3/201514:20Obtala Resources Limited Ord 1P27.00
29/8/201421:32OBT - Truth Thread160.00
27/6/201414:40Obtala Resources. Metal exploration in Tanzania1,160.00

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Obtala Resources Daily Update: Obtala is listed in the Mining sector of the London Stock Exchange with ticker OBT. The last closing price for Obtala Resources was 18.13p.
Obtala has a 4 week average price of 16.50p and a 12 week average price of 16.50p.
The 1 year high share price is 22.50p while the 1 year low share price is currently 7.75p.
There are currently 258,883,560 shares in issue and the average daily traded volume is 233,998 shares. The market capitalisation of Obtala is £46,922,645.25.
bapodra_investments: The trend on Obtala is downwards. The chart clearly shows this. Obtala certainly is not a value investment. The smart money has been made by those who came in around the 5p mark and sold around the 20p mark. They will mostly be trend followers. The value investors who buy and hold will begin to see the profits decrease and the share is being sold. I would not be surprised at all if this went back to the 12p - 15p range. It may even see 10p who knows. Asset values are great if anyone ever actually sells them for anywhere near the valuation. It is revenue growth and ultimately profits that will determine a future share price for Obtala.
beeks of arabia: It's ok Jack, I'd have done the same!Meanwhile, this is the 2nd time OBT have raised capital at a premium to the share price. You almost never see this on AIM.I would have thought the MMs would have been able to match the buyer to a seller as we obviously still have one around. I'd have preferred this, however a few more million in the coffers does no harm (if put to good use).The chances of these being under 30p by the end of year are very remote.
beeks of arabia: So any comments on the previous two days shenanigans?Director shuffles (for valid and good reasons), Commerz selling down (again, nothing wrong with taking a profit), and the preference sales?Loads of progress. Would like to see the share price turn but may have a bit more selling headwind for now.
michaelfenton: wedward - agreed this does indeed underpin the share price probably + or - 20p?
wedward: great announcement, will it get the share price moving up? Or is this in the price? One thing I hope is that it stops the decline and underpins the share price. Looking forward to 2017 fingers crossed
michaelfenton: scotty1 - I am about 150% up with OBT and have no inclination to take my profit. I will make a decision when there is news on Agriculture and if that is positive I will try not to watch the share price and make this a serious longterm holding. Dividend within a year? Papy New Year to all.
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
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:// 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.
Obtala Resources share price data is direct from the London Stock Exchange
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