Baker Steel Resources Share Discussion Threads

[strollingmolby] 07/2/2011 14:05

Surely needs to be above BSRT + BSRW to be in the money ? i.e. ~ 121p

[envirovision] 07/2/2011 13:32

Strong today and not far till the warrants will be in the money.

[rcturner2] 04/2/2011 16:30

I bought some this morning after the IC tip.

[envirovision] 04/2/2011 15:14

good idea to link it in the header

[strollingmolby] 04/2/2011 14:40

I've just created a BSRW thread

(to marvel at the price rise!)

[envirovision] 04/2/2011 13:18

Well it just needs to get going really, once a decent IPO has been got away then it should add a bucket load of confidence and really start to wake up. Patience is all one needs, it will happen imo.

Isn't it.

[strollingmolby] 04/2/2011 09:53

Hi envirovision - thanks for posting the IC piece. It has been very quiet commentary wise hasn't it?

These guys know the resource sector inside out so I would expect BSRT to at least match the performance of BRWM (most investors' sector choice) and if not beat it hands down.

[envirovision] 04/2/2011 09:02

about time someone wrote a piece on this: Investors Chronicle wrote a long article today, very interesting.



BULL POINTS:
■ Wide discount, especially once cash is accounted for
■ Potential 8 per cent NAV uplift at end of the month
■ Potential valuation uplifts from IPOs
■ Improved market conditions for IPOs
BEAR POINTS:
■ Disappointing track record since launch in April
■ High estimated total expense ratio

Baker Steel Resources' track record, concentrated portfolio, and investment strategy makes it a punt. But with the discount wide and a potential NAV uplift at the end of the month, the timing may be right to take the risk. Buy

[envirovision] 07/1/2011 12:05

BSRW @ £1 TILL 03/2013

[strollingmolby] 01/9/2010 09:09

Interim financial results for period from 9 March 2010 (date of
incorporation) to 30 June 2010.

HIGHLIGHTS

Company
� Raised GBP30.5 million via placing and open offer
� 62.6% invested at 30 June 2010
� Listing on London Stock Exchange 28 April 2010
� NAV 95.5p (GBP0.955) per share at 30 June 2010
� Acquisition of majority of non-cash assets of Genus Capital Fund

Investments
� All cash offer for Copperbelt Minerals Limited
� Postponement of listing of Ferrous Resources Limited



Outlook

The market environment which saw the postponement of the Ferrous float has also meant that other companies have struggled to float or raise equity. This has provided a number of new opportunities for the Company and the Investment Manager is evaluating potential investments in gold, silver and coal mining companies. Additional precious metals mining exposure would be welcome to balance Baker Steel Resources Trust's commodity exposure.

[strollingmolby] 19/8/2010 12:57

Trading at end-July NAV, and hasn't taken part in August rise in resources.

Speculation in Telegraph that largest holding Ferrous Resources could be a target for a takeover by newly created Vallar, following Ferrous' failed London listing.


Ivanhoe taking steps to dilute or block Rio Tinto from making a low-ball offer for the company.

[strollingmolby] 13/7/2010 07:43

hxxp://bakersteelresourcestrust .com/

NAV charts incl premium/discount can be seen here:




BSRW thread -

Tungsten West (LSE:TUNG)


Largest Holdings as at 31-Oct-23:
30.2% - Cemos Group
28.9% -
8.5% -
6.0% - Caledonia Mining Corporation
5.5% - Kanga Investments
4.0% - Nussir ASA
3.5% - Silver X Mining Corp
3.5% - Metals Exploration
2.4% - First Tin
2.1% - www.tungstenwest.com
5.1% - Other Investments