Baker Steel Resources Share Discussion Threads

[strollingmolby] 06/3/2012 07:29

End-Feb NAV announced - 130p/125p diluted - with commentary on companies they have recently visited, including Ivanplats.

[strollingmolby] 05/3/2012 23:26

Kimboy - I think that's what's popped the warrants up lately.

There's very little on the www.ivanplats.com website as it is under construction, but there's few articles available on the process, such as this one:

Ivanplats Ltd., a mining company controlled by billionaire Ivanhoe Mines Ltd. founder Robert Friedland, may seek as much as $1 billion in an initial public offering as early as the second quarter, according to people with knowledge of the plan.

Ivanplats, which has metals deposits in South Africa and the Democratic Republic of Congo, may be valued at as much as $5 billion after the stock sale, according to the people, who declined to be identified as the process is private. The IPO may take place in Toronto, followed by a secondary listing in London, the people said.

[kimboy2] 05/3/2012 16:37

Doesn' seem to be much in the price for a potential Ivanplats float.

[contrarian2investor] 13/1/2012 18:46

RCTurner2 wrt post no 36, great call.

[rcturner2] 12/1/2012 09:10

The two sells at 98.5p this morning are mine. I have exited.

[rcturner2] 06/1/2012 08:09

I have never seen a better buy when this slipped to 80p. I have no idea why it happened, but only annoyed I didn't have funds to buy more.

[rcturner2] 05/1/2012 14:10

This was always going to come back. What a great buying opportunity that created.

[rcturner2] 29/12/2011 15:16

This is grossly undervalued. You should get in before the next NAV statement in January.

[contrarian2investor] 29/12/2011 13:07

RCTurner2, well spotted. I have these on my buy list for when commodity prices stabilise and the US$ starts falling.

[rcturner2] 22/12/2011 12:45

If you look at the chart it is mirroring the end of last year. I wonder if there is some end of year selling for some reason?

[rcturner2] 21/12/2011 11:05

SM - yikes that was a terrible typo it is 37%!

[strollingmolby] 21/12/2011 09:48

37% on my calculator! :o)

[rcturner2] 21/12/2011 08:59

An NAV of 127p and a share price of 80p equals a discount of 27%.

[envirovision] 20/12/2011 14:02

Clearly the market was expecting a far larger nav uplift.

[strollingmolby] 19/12/2011 11:55

Bought back in earlier today too - looks like interest increasing here judging by the volumes. Bt some more BSRW too.

[rcturner2] 19/12/2011 10:31

Bought in today.

[rcturner2] 16/12/2011 16:34

Surprised at the deathly silence on here. First we have a superb uplift in the NAV and then we have the price dropping off for no obvious reason. Great discount to NAV once they revalue.

[strollingmolby] 06/9/2011 07:36

Robust NAV performance during a poor month elsewhere (and always good to read the accompanying commentary too):

31 August 2011 NAV Statement

Net Asset Values

Baker Steel Resources Trust Limited (the "Company") announces its net asset value and diluted net asset value per share as at 31 August 2011:

Net asset value per Ordinary share: 118.7 pence

Diluted net asset value per Ordinary share: 115.5 pence

During the month, the undiluted NAV per share fell by 1.7%, largely due to a fall in the share prices of the listed part of the Company's portfolio during the recent market turbulence.

[rambutan2] 02/9/2011 10:23

All progessing at Ferrous (13.8% of nav)...

[strollingmolby] 26/8/2011 11:30

From today's interims (my bold) :

"In particular Ivanplats, the Company's largest holding, agreed with ITOCHU Corporation of Japan for it to acquire an 8% interest in Ivanplats' Platreef project in South Africa for 22.4 billion Japanese Yen, valuing the Platreef Project at approximately US$3.5 billion. Ivanplats rates its Kamoa copper deposit as the most significant copper discovery in the Democratic Republic of Congo since Belgian colonial-era exploration more than 100 years ago. If Kamoa were to be attributed an equivalent value to the Platreef project on IPO, this would suggest a valuation more than four times the Company's current carrying value or almost a doubling of the current NAV per share. Ivanplats has suggested that subject to market conditions, it will consider initiating the IPO later this year or early in 2012.

[doobster78] 01/8/2011 13:45

Yep. Noticed this one last week @ £1.13p i think it was ...thought i;d check back see how it was doing and now @ £1.23. . Lookin good and like u say, must be something in the background ...interesting ?

[rambutan2] 01/8/2011 11:10

Must be some news out there?

[strollingmolby] 22/6/2011 16:47

Ivanplats applies for mining licence for DRC copper project

June 22, 2011

Ivanhoe Nickel & Platinum (Ivanplats) has applied for a mining licence for its Kamoa copper and cobalt project in Katanga province in the Democratic Republic of Congo (DRC)

Ivanhoe Nickel & Platinum (Ivanplats) has applied for a mining licence for its Kamoa copper and cobalt project in Katanga province in the Democratic Republic of Congo (DRC). Pre-feasibility, metallurgical, geotechnical as well as socio-economic and environmental studies are underway at Kamoa as the company prepares to take the project into commercial production.

[strollingmolby] 03/6/2011 08:22

ITOCHU Corporation (HQ: MINATO-KU, Tokyo, Masahiro Okafuji, President and CEO ; hereinafter "ITOCHU") has agreed with Ivanhoe Nickel & Platinum Ltd. (Ivanplats) to acquire a direct interest of 8% for JPY22.4B to participate in the exploration & development of Platinum Group Metals (PGMs) and Nickel of the Platreef Project and has concluded a joint operation and investment agreement with the company. ITOCHU now will hold an aggregated project interest of 10%, which includes its 2% holding previously acquired for USD10mm (approximately JPY850mm) in September 2010.

[kombimatec] 03/6/2011 08:14

Apparently the opportunity to invest will be available to existing share & warrant holders. Well done BSRT, the right move in my opinion.