Baker Steel Resources Share Discussion Threads

[chrisdgb] 19/4/2024 12:46

Nice, thanks, positive, slow and steady price rise......

[golden prospect] 19/4/2024 09:46

It appears all is going to plan with Futura; hopefully the open structure will help to keep costs down.

Wilton has 30 staff with support from up to 20 contractors and is aiming for 1Mt ROM in 2024, 2025 will be 1.6Mt. First mining took place in February and the milestone of vessel loading has been achieved - should hear about this in April NAV update.

Royalties and Dividends will make for some great cashflow.

On other matters, given Baker Steel is one the largest holders in Tungsten West (holding a World Class Resource), it seems inconceivable that the project will not get a green light.

[golden prospect] 23/1/2024 18:26

Thanks chrisdgb, discount is still absurd - 33p !

For interest


Great to hear "Futura is in advanced negotiations for A$35m in offtake finance"

Going forward income prospects from 1.5% gross revenue royalty.

[chrisdgb] 23/1/2024 11:17

77.2p NAV is out........

[chrisdgb] 17/1/2024 14:11

Decent buy, ahead of what will hopefully be a good NAV......

[chrisdgb] 11/1/2024 09:00

As we get closer, reminder last NAV was 66.4p......

[golden prospect] 06/1/2024 17:16

Big week beckons :

"
In accordance with our normal procedures, the carrying value of the unlisted investments will be reviewed for the December 2023 NAV. This will take account of the advances made by Futura following the financing of its first mine in September and the move by Cemos towards producing its own clinker for its cement production as previously announced.
"

[chrisdgb] 19/12/2023 10:33

Looking forward to the December NAV...........

[chrisdgb] 18/12/2023 09:30

One of my favoured plays for 24'......

[golden prospect] 09/12/2023 09:16

November 2023 NAV 66.4p

The most important part of yesterday's announcement is the Year End Review will address the unlisted valuations for Futura and Cemos.

[golden prospect] 01/12/2023 08:16

RNS from MIGO 01.12.2023

[golden prospect] 30/11/2023 17:28

I'd not be surprised to see MIGO go overweight in BSRT, think Nick is a fan

[chrisdgb] 29/11/2023 09:08

Stock probably tightening now, expect move up on more buying........

[chrisdgb] 23/11/2023 18:00

Agreed, if all goes well NAV will move over £1……

[golden prospect] 23/11/2023 17:30

chrisdgb, yes indeed - a standout choice especially given Futura should now have Wilton up and running (One suspects Sojitz will takeout Futura).

On a valuation basis it's not inconceivable to think the current BSRT mcap is less than the investment in Futura, suggesting that the balance 70% fund comes for free!

Plenty of scope to see multiple gains in 2024.

One to watch.


NAV at 31 October 2023 65.9p

At 36p the discount is 45%, historically very wide and absurd.

[cousinit] 23/11/2023 15:49

Well, as is often the case with Popmaster, hopefully I was only one year out with what was a similar thought for 2023...

[chrisdgb] 23/11/2023 10:38

Early Christmas competition but this is one of my standout buys for 2024......

[flying pig] 22/9/2023 12:45

hxxps://www.edisongroup.com/research/futura-resources-financing-is-a-major-milestone/32701/

Positive news and perhaps a modest buying opportuniy?????

[drdre] 15/9/2023 07:51

47% discount to NAV, royalty income expected from Fortuna in 2024. I am going to be opening a position (again) here today and hope for more luck than last time....

[pugugly] 09/8/2023 12:05

Seem to have really lost their mojo - Even with discount one to possibly watch until fog clears a bit.

[chrisdgb] 09/8/2023 11:09

Any fresh thoughts here.............???

[strollingmolby] 19/1/2023 18:12

Edison's short piece on BSRT:

Upside potential from successful project funding

Baker Steel Resources Trust (BSRT) posted an NAV total return of -16.3% in FY22, which was mostly a result of the de-rating of recently floated holdings Tungsten West and First Tin and the impact of Western sanctions against Russia on Polar Acquisition (PAL) and Azarga Metals. However, BSRT also agreed to sell its equity stake in its largest holdings (Bilboes Gold, completed in January 2023) and saw progress across several projects. BSRT’s maturing portfolio offers the prospect of attractive income from royalty payments (on production launch of Futura, PAL and Bilboes Gold) and dividends (from Caledonia Mining Corporation, CMCL, and later potentially also Cemos).

[qvg] 09/11/2022 12:39

It should be the Futura Resources EGM today. Anybody have any news on the result? And the importance of a positive result for the financing of the new project?

[flying pig] 15/10/2022 15:28

8)p assets v c45p per share even better value?

[flying pig] 08/9/2022 07:25

81p of assets, share price about 63p - not bad value if you like the sector