Baker Steel Sub Share Discussion Threads

[ihavenoclue] 08/11/2012 20:02

Hmmmm seems to be going in the wrong direction

[nick nak paddywhack] 05/11/2012 20:09

What happened here then ? The company doesn't seem to be overly forthcoming with any news.

[ihavenoclue] 12/9/2012 15:57

Strolling ... looks like you were right

[strollingmolby] 12/9/2012 09:44

Will see some movement on the Ords today which may impact the Warrants due to the news of Ivanplats IPO:

Baker Steel Resources Trust Limited (the "Company") announces that its largest investment Ivanplats Limited ("Ivanplats") yesterday filed its preliminary prospectus in Canada in anticipation of an Initial Public Offering ("IPO") and listing on the Toronto Stock Exchange.

The investment in Ivanplats represented 30.7% of the Company's unaudited net asset value as at 31 August 2012.

[wantage] 29/2/2012 13:08

The message is getting through, and Ivanplats float getting closer.At $5 billion
valuation Baker Steel goes to £2, and warrants to £1-£1.20.This is without news of gobi Coal potential float.

[jambo172] 06/1/2012 16:19

Good NAV and share price movement today.
Subscription shares look good value especially if Liberum are right in that the NAV should be more than 165p. Same as my post of 29 July - 3 times your money.

[strollingmolby] 22/12/2011 13:06

Up 1.5p on a 15k purchase - suspect some of the buyers of BSRT are having a side order of warrants too!

[kombimatec] 30/7/2011 14:19

Bought another 10000 on Friday since the share has risen 15p but the warrants have only moved about 5p

[jambo172] 29/7/2011 14:21

There are still too cheap.
2 years to run,strike at 100p.
Current ordinary share price 118p.
Liberum target price 162p.
ie warrant porice 62p --- 3 times your money.

[kombimatec] 06/2/2011 20:58

I bought 50,000 at 17.5p but could have got 100,000. I returned to try to buy the balance but was unable to. Also bought 5000 BSRT. All done as a result of the IC tip.

[strollingmolby] 04/2/2011 14:37

Website -

BSRT Prospectus -

BSRT thread -

BSRT


Subscription Share Rights
A registered holder for the time being of a Subscription Share (a Subscription Shareholder) shall have a right (a Subscription Share Right) to subscribe in cash on 31 March and 30 September in each of the years 2010 to 2013 (both inclusive) commencing on 30 September 2010 and ending on 31 March 2013 or, if any such day is not a business day, then on the next business day (each a Subscription Date) for all or any of the Ordinary Shares to which his Subscription Shares relate at the price of 100 pence per Ordinary Share (the Subscription Price).