Baobab Resources Share Discussion Threads

[qipincha] 03/3/2015 07:46

don't know who bought these

[jedad] 03/3/2015 07:20

Cheers kenny,,another one bites the dust,,I'm to bald for a Lamborghini anyway stick to the ford Granada lol

[gowboy] 03/3/2015 07:11

Thanks kenny. I am a nice guy....all be it not so wealthy anymore.....lol

[targatarga] 03/3/2015 06:02

The other threads rather quiet. Perhaps everyone now realises The 1.50-2.00 thread was just a mirage!

[21trader] 02/3/2015 22:15

Crazy volume today 49 million.

[84yards] 02/3/2015 21:45

Thanks for that Kenny.

[6kenny] 02/3/2015 21:42

no worries...

JD asked for you...."pete, pete, are you on the line"

I said .."JD, he's probably hanging from the washing line mate"...

[pete_bain] 02/3/2015 21:11

Thanks Kenny. Totally appreciated.

[6kenny] 02/3/2015 20:51

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.

[pete_bain] 02/3/2015 17:26

Clear at last? Any news

[max101] 02/3/2015 16:02

ahhh.... blub blub has come back for him ..pmsl

back to humpty towers to collect their bonus from jabba

[6kenny] 02/3/2015 15:42

I will try and report back here later on post conference call.

[topicel] 02/3/2015 15:30

Max, just for once reply to those of us longterm holders who have been shafted as much as you say you have been (you did buy £31k-worth at 39.5p, didn't you), and explain how another offer is possible against the announced decision?

BJ and JD have irrevocably pledged their shares to this 6p buyout price if BAO goes private with Redbird. It isn't possible for them to renege on this without getting sued. They also want to keep their jobs and salaries, wouldn't you.

How did us 'dime bars' cause a £12m black hole and forget to notify the market? How did anyone cause the collapse of the iron ore price? How did we prevent the DFS? How come you never speak sense?

Because you are a sh@tstirrer and prime manipulator for a giggle. And only if kb copies this so you can see it and asks you to actually respond decently for once will anyone here think anything different about you.

Topicel

[max101] 02/3/2015 15:20

poor old solo.

he actually believed the rest of them when they packed up the van and told him they'd be back to pick him up after they filled up with petrol. bless.

[solonic] 02/3/2015 14:49

Sorry: an amendment to the above announcement. loveit has already performed a frontal lobotomy on himself so will not be on duty ever again.

£00.06

[max101] 02/3/2015 14:41

mmmm

flushing a rival bid ......

ballsy, but very effective :)

lots of tall buildings required for all those dumping now if it panned out.

Still amazed the chinese haven't wandered into the ring with a big cheque. Slashing rates to boost growth but confined by smog on infrastructure materials etc. We are perfect for them. Another food hold in little china ... i mean africa. And all the surplus goes back home on a boat at a huge discount with zero "local" pollution.


just spotted 6bash. looks like the silver lining here is he's finally gone home to the sad boys thread where he belongs.

[solonic] 02/3/2015 14:36

Just stay where you are max. The men in white coats are picking you, pete, tuckman and kevin later on today or tomorrow. It'll be a nice safe place to rest with plenty of food and drink and hourly loudspeaker announcements, set to music, of how wonderful BAO shares are.

The frontal lobotomy will be performed by 'loveit' as surgeon with roughandtumbleone administering the chloroform. Pensioner2 will be on drums and triangle. Fangorn/sharpershares will be blowing his own trumpet in the background.

No more updates will be issued after that, OK?

£00.06

[pete_bain] 02/3/2015 14:35

Kenny can you give me lowdown post conference call. JD did email back but going to struggle with being available

[pete_bain] 02/3/2015 14:25

Kenny can you give me lowdown post conference call. JD did email back but going to struggle with being available

[kbrook] 02/3/2015 14:22

Do you take that to suggest a buyer in place and may not even complete the BFS ?

[6kenny] 02/3/2015 13:48

Just read section 12 of Friday's RNS.

"As described above, in order to complete a BFS for the Project, to repay its existing indebtedness of approximately US$1.8 million, to refinance the Bridging Loan (as novated, increased and extended) and to provide working capital ahead of sourcing development finance for the Project (or an alternative value realising transaction) THE SENTENCE I HAVE PUT IN BRACKETS IS INTERESTING, the Company will need to complete a further equity financing in the amount of at least US$12 million to fund the Company through to 31 December 2015. The Company intends that such equity financing will proceed as soon as practicable following Completion and the proposed De-Listing and will be conducted at a discount to the recent trading price, and as far as practicable on a pre-emptive basis without triggering a requirement to file a prospectus or making the offer available in jurisdictions where regulatory or filing requirements would be unduly onerous. Redbird intends to fully support such equity financing."