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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Baobab Res. | BAO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.50 | 2.50 |
| Top Posts |
|---|
Posted at 21/8/2020 18:11 by backinblack80 It appears that BAO are still searching for strategic development partners and equity investors..... |
Posted at 11/5/2015 20:13 by cashstrapped Where is max when you need him.Bloody MMs playing games again.... cashstrapped - 19 Aug 2014 - 14:22:24 - 57847 of 61372 I think he means 1.5 - 2p That looks to be where we are heading. I think that someone should write a book about this as a warning to investors. I hope that all involved in this never invest in anything the board are ever involved with ever again. Good luck with your future investments. |
Posted at 23/3/2015 19:35 by queenwood solonic you were on the other thread laughing at investors who have lost money ,what on earth is to be gained from such strange behaviour. |
Posted at 08/3/2015 15:00 by exbroker Private investors so much back ground noise so little thinking........ |
Posted at 06/3/2015 22:50 by exbroker Thank you solonic its good to see there are at least a few people on here who invest in a logical not emotional way, but don't stop then it makes it so much easier for us! I love private investors you sell at the bottom and buy at the top and you cant ever admit you are wrong, listen to what the wife says she will do a better job! |
Posted at 03/3/2015 13:58 by clockers I have approximately 200k sharesOne alternative is to sell the lot. Does anyone have any thoughts about an alternative course of action here. I would be interested to discuss any serious thoughts. Also can we in any way hold the BOD responsible for misleading investors with any comments at the AGM? |
Posted at 02/3/2015 20:51 by 6kenny well, well, well...very surprising that only myself and 2 other shareholders were on the call and I don't think either of them post on advfn. BAO were informed of Redbirds offer 1 week after the agm Redbird has measures in place over and above the norm to protect private investors in the delisted BAO. Dilution will take place pretty immediately nothing changed behind the scenes but did say strategic financial options were "narrow" as firms are just so risk adverse in this commodity market no advice intended AT ALL but I am taking the 6p offer because the bfs will not be completed until the end of the year, what if parties are still not interested, then means even further dilution. I may live to regret it but I will be taking the money offered on the table at the mo. They did say they were very surprised to see so many people selling when 6p is virtually guaranteed. will be a proposal offer coming out shortly to all investors which will detail how to claim the 6pps or vote against it as well as what happens if they do not get to 75% holding. |
Posted at 01/3/2015 12:44 by emtrad Thanks Sweet K.Seems we have a lot of stories to share. I only had a few K in Namawka Diamonds but if my memory serves me right the Company was about to take off and had some extremely valuable large diamond pieces which I believe were about to be auctioned (making up a significant % of the market cap alone). As well as this, the Company was proving up to be cash positive on its main operations. The large investors colluded and forced the company private offering a small premium to the then share price - this of course robbed the majority and also denied them the chance to realise what the investment could be worth. It seems to me on AIM, you lose in any outcome. When a project is likely to make money, the big boys will collude to ensure it doesn't get shared with the small guys. Ironically, I remember the times we thought our board were different! |
Posted at 01/3/2015 12:09 by sweet karolina EMTRAD,A compulsory purchase would be at the same price as any offer - it has to be. A bit more on the ENK story - there are some parallels here. ENK were about a month or so from releasing a BFS on a heap leach Nickel project in the Philippines, which would have given the project an NPV of about £1 per share (Shares were about 13p and I think the offer was 19p)). However a shareholder with about 30% and a track record of doing take outs got together with local Philippines shareholders to take the company out. Just this link up gave them just under 50%. The board did not like it, but there was nothing they could do about it as as soon as the 50% mark is crossed that party have full control, they can vote off any director who tried stand in there way. Also what was being proposed was that they were going to bin the heap leach project and stick to DSO, whereas what the board wanted to do was stop the DSO, which was only very marginally profitable, and wasting the resource and focus on getting the heap leach up and running. The local shareholders wanted to keep going with DSO because it kept locals employed. Continuing with DSO would have been madness and as the Nickel price tanked shortly afterwards, had they done this the private company would have gone under. The board got shafted in this particular deal as well as they were forced to watch years of hard work get stolen from them and then squandered. The difference at BAO would appear to be that the BOD are in on the deal for now at least, but the capital raise that is needed could well dilute them to a point where they can be easily kicked out. Unfortunately this sort of thing happens all too often with AIM junior miners. Beware of cornerstone investors who come along and take approx 30% stakes and have a track record of later shafting ordinary shareholders. There is nothing ordinary shareholders can do other than try to sell for the best price possible, which was over a year ago for BAO. |
Posted at 30/1/2015 13:14 by nico9 just copied from lse thanks to Peakview. Hope he doesnt mind.AGM News Morning fellers - very good AGM yesterday, with attendance estimated as 50% of accredited shareholders, which is way above average for an AIM company. Gavin has touched on a few points raised, and I heartily agree with his optimism for BAO's future- especially with the revelation of the developing interest of Sinosteels as a senior JV partner. This for me has an especially relevant impact, as the State-owned Chinese giant has a huge appetite for pig iron to mass produce steel of multiple grades - so not just an investor but a ready made customer at hugely competitive prices for pig. Asked BJ about the local market - and for pig in such an underdeveloped country it is zilch, so all product would be exported eastwards and seabound. But STEEL? ....a different matter of course, and it does not require a huge leap of the imagination to see a Sino-funded Steel Mill alongside the pig iron plant to serve Moz and the region's anticipated growing demand for construction and industry. Long term thinking here, so I can understand the feelings of piconet and others who want to see a more immediate reaction in share price for their investment. We have good news, so for this aspect we need the MMs to tick us up half a penny, and the reaction from observers on the sidelines with investment cash could then be interesting. Have learnt one thing from AIM investment and this share in particular - that speculation is a far more powerful tool than hard facts, viz our two historic spikes based on far less evidence than we have now! Very solid presentation from BJ after the official AGM business confirming the resource and mining concession for 25 years (does this answer the question about terms of license?). Also the capex on the pig iron project being scaled down to 2/3rds of the original estimate to around £800 million with 65% investment capital required and offered by prospective JV partner. Test results on the 450 tonne sample sent to China expected next week, cash burn was reduced in 2014 and likely to be held at this level for 2015. AMED were represented at the meeting and remain enthusiastic supporters, also importantly the Moz government with political stability returning after a long pre-election slumber (aren't we in one ourselves at present?) also the IFC with finance due to be released this year as required. Some BJ time scales - DFS by mid-summer, with finance in place work on the project to begin by the end of this year and a 24/27 month construction period to completion. If there was a disappointment I would say that the company brokers when questioned for a recommendation remained stumm and played the Rules and Regulations Card when a little encouragement would have done no harm for our market position. Overall, if not a game-changer it was certainly an important stake in the ground for BAO investors - especially the younger variety. Hold on if you can pic, there will be a string of news items in positive mode to keep our pot boiling in the coming weeks |
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