Baobab Resources Share Discussion Threads

[nico9] 30/1/2015 15:01

anyone else having an issue with seeing the trades?? last one shown was 10k @ 11.06am @.04625p tia

[jedad] 30/1/2015 14:42

Tuck must be hung over??,,lol

[max101] 30/1/2015 13:55

Jedad, yes mate, i know % of the (massively reduced ) capex requirements are now negligible.
Point i'm making though is that prior to the chinese piling in, we had to consider lower outputs to keep the capex down. But now they're on-board, with the monster chequebook, i dot think we will need to look at starting slowly ;) :)


Go go go

£1.50-£2

[nico9] 30/1/2015 13:14

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

[jedad] 30/1/2015 12:25

Max,,if the rumours are correct it appears we haven't got to find this $1b ,if the bods have got the capex down by a third and our Chinese partner stumps up 85% we are on the way to production ,,chocks away ..🚀🚀🚀

[kevin1962] 30/1/2015 12:23

Yes ELF is available.

[max101] 30/1/2015 12:01

com'on ladies lets hear some your new deramp lines ........

Bet the tent was a hive of activity trying to desperately come up with something ..... pmsl. I'll be really disappointed if you leave poor little 6bash on his lonesome. His recent limp wrist attacks on the company are hardly worth a response. It does make me chuckle when he harps on about why the board never answer his emails. Top of the "junk mail" rulebase is the obvious conclusion.

Nodoubt the camper van is being packed up ready to vanish to the next assignment.. No more mr 30p blub blub .... solonut calling shotgun.... pmsl.

Hey jedad, your right. At one time i was worried about saying i was off for a beer over lunch incase the dimebars took it as city gossip and ploughed their £26.27 basher wealth fund into marstons.

£1.50 - £2 ( soon to be re-examined obviously now the Chinese, with a chequebook the size of apples, are our new best pals ).

And with that in mind, will they want to mess around with 1mtpa sized operation when the main reason not going straight to 4-5mtpa was capex funding ???? Just look at how they do big projects. We need a bridge..... lets build 200. We need an airport, better build 20 this year just to be on the safe side. We need 200,000 houses in this province to accommodate people coming in from the countryside.. lets build 10 cities while the mix is wet.

No, i can't see them wanting to be tinkering around with 1mtpa levels. Not when its now for steel production and they have fingers in developing half of the continent.

[nico9] 30/1/2015 11:38

Me too. Nursing a hangover Mr Tuck or still counting how much you spent and converting it into how many more BAO shares you could have bought lol

[supersonico] 30/1/2015 11:04

Hi Tuckman I'm looking forward to reading anything you care to share/ concluded from the AGM.

thank you

[beth21] 30/1/2015 10:14

Excuse me if I'm behind the latest with Bao.

May I ask if any of the Agm attendees asks management if the Elf with 'Dutchess' still exists, if so, why has it not been used since Oct 2013? Thanks in advance.

[nico9] 30/1/2015 09:43

Well the AGM isn't doing much to the share price Not a single trade or my monitor is playing up!!

[jedad] 30/1/2015 09:40

Kb,good job he didn't tell you to jump off a bridge lol..we can only blame our selfs for not selling..things should be better once we have our Chinese partner and funding sorted..it's only money,

[kbrook] 30/1/2015 09:22

Are we going to have some Director buys ever? Can't remember the last one we had, Ben told me to invest my money at 15p because it was a great buy, so I did and now I am very poor. He didn't and I would imagine he is nice and comfortable.

[6kenny] 30/1/2015 09:12

The AGM was much ado about nothing then...no fireworks and no post meeting volume to speak of...back to sleep for a few months..

[backinblack80] 30/1/2015 08:05

Nothing new.....

[jedad] 30/1/2015 06:43

Max,looking forward to when the share price does turn,because we know it doesn't hang about when the volume is high,,,gl all lth's.

[qipincha] 29/1/2015 23:47

can anyone let me know the BOD's email contact?

Thanks.

[kevin1962] 29/1/2015 23:34

There was a lot of people there tbh. No sign of the people who frequent this BB just as I thought bullsh@>>̈́4;¥€!!!

[max101] 29/1/2015 22:06

Looks like its done and dusted. Steel Steel Steel. Even bigger mark-up :)

Capex numbers were always going to be peanuts to the chinese anyway. Was just a case of who wanted to get in ....

BJ getting his wallet out to grab a few would light the touch paper of share price for sure.


What are the bashers going to do to hit their deramp posting targets now ... awwww bless.


£1.50 - £2

[jedad] 29/1/2015 21:27

Many thanks for keeping us up to date,,safe trip home...

[84yards] 29/1/2015 20:55

Thanks Kevin

Enjoy the rest of your night

84yards