Baobab Resources Share Discussion Threads

[tr4der1] 12/3/2015 11:00

I believe redbird will buy cheap and sell to Chinese, think deal has already been done. Shareholders taken for a mug.

[katylied] 12/3/2015 10:50

Consider BAO's biggest problems. (1) A high cost future pig-iron project, because there was no infrastructure available for export iron-ore. (2) A collapsed global iron-ore market, that killed green-field iron investment dead. (3) Failure to deliver a DFS before the money ran out, failure to interest any 3rd parties.

How much of that is Redbird's fault? Redbird are not running a charity. From their point of view, they have acted to protect an investment and given other shareholders an exit (which is your choice, go or stay). They may have to sit on the project for some considerable time. They may ultimately still fail. To proceed, massive dilution will take place to re-finance. If there was a Chinese company in the wings ready to buy the company, they could have done so already.

[tr4der1] 12/3/2015 10:39

Making money by shafting others, they call it "trade-business" but we call it robbery.

[tr4der1] 12/3/2015 10:37

Think if shareholders don't vote for 6p, amed will call in the loan and take bao to administration, amed got them by their iron balls, its all engineered to shaft shareholders.

[solonic] 12/3/2015 10:33

I can afford to put up £1.50 to £2.00 ............... erm, total.

[katylied] 12/3/2015 10:27

OK, so form an action-group. Amass shareholder support, go to the GM and vote Redbird down. Then call a motion to sack the BoD. The company has no money (in debt) and nobody at the helm, so unless you intend to call in administrators, you will need a new financing plan pdq. Any ideas?...

[tr4der1] 12/3/2015 09:58

Company mugged everyone, bod, amed, Chinese probably done the deal last year, revised a plan to get rid of ordinary share holders first by taking over at 6p then selling on to the Chinese for over a pound £1.50p even.

[exbroker] 11/3/2015 16:34

Not yet but the nut house seems to be short a inmate, last seen heading to a board and suffering from serious delusions and a sense of invincibility. How you ever made enough money to invest in this stack is beyond me.....

[tr4der1] 11/3/2015 12:55

Has anyone reported this theft of shares from pi?

[tr4der1] 11/3/2015 12:47

Think Ben James and Co done the deal when they took that bridging loan. Bloody crooks.

[tr4der1] 11/3/2015 12:46

£1.50p will be achieved but shareholders not getting, redbird will pocket all. By at 6p sell to Chinese for 1.50p

[cashstrapped] 11/3/2015 11:55

Hi everyone how's it going?
Are we anywhere near the 150 - £2 max has valued the company at? (Minimum)

And what about all those idiots that were selling and topslicing at 30p?

Bloody stupid dimebars I say!

[tr4der1] 11/3/2015 11:01

Redbird will sell to Chinese for £1 plus, shareholders getting shafted.

[solonic] 11/3/2015 09:59

I've never seen anything so funny in my life! It's so pleasurable seeing max101 descending into such hysterical nonsense. His ludicrous denial shows how much he is hurting from his huge losses.

It shows that his noxious arrogance did not pay off in the end. But then everybody knew that years ago as we all watched him making an utter prat of himself and giggled.

£00.06

[katylied] 11/3/2015 09:52

double lol! Keep taking the meds,
probably dangerous not to...

[max101] 11/3/2015 09:49

i won't see it you fool. So why denial ???

Redbird and co will easily see multiples.

you've earned your bonus. So go pick tropical and the rest of the girls up and head to the nappy lounge.


£1.50-£2+ ( for some )

[katylied] 11/3/2015 09:45

lol! And denial is a river in Egypt!...

[qipincha] 10/3/2015 15:12

derampers here are for a reason...
it is obvious now

[targatarga] 10/3/2015 09:43

nothing wrong with the company..... it's all the derampers fault!

[solonic] 10/3/2015 09:18

Oh and "goodpick", too. Hee Hee.