Share Name Share Symbol Market Type Share ISIN Share Description
Baobab Res. LSE:BAO London Ordinary Share GB00B19HQ991 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 2.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -5.37 -1.70 9
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.50 GBX

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Date Time Title Posts
21/8/202017:11Baobab Resources - 201061,382
20/5/201512:51Baobab Resources: following in the footsteps of Zambezi Resources?10,235
23/9/201413:04BAOBAO 100p for JV 300p for Production185
10/9/201420:01FINANCE AGREED35
24/6/201110:46Baobab Resources {Research Discussion}73

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backinblack80: It appears that BAO are still searching for strategic development partners and equity investors.....
10 bobb: Tax return time again... Can I claim for BAO losses on my return as I have been informed that certain shares in different circumstances cannot be offset for various reasons? TIA
solonic: Yes. They sent a message to all current and previous holders: "Suckers!" Listening to roughandtumbleone (and friends like Tuckman) has cost a lot of people a lot of money. Having set up a fantastic con on BAO OCH and KEFI roughie is trying to find suckers to buy JLP, TERN and more. It was always a complete mystery to see the early BAO suckers adore him so much. He definitely should be in jail.
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.
beth21: 'Redbird' is in pole position ie calling all the shots being the only major holding with the backing of management; 'Redbird' is also being very stingy offering just 6pps - their lowest/entry share price - despite increasing their holding several times at much higher share price I think the management of Bao have been complicit and duplicitous to the outcome of this event despite factors outside their control eg raising working capital with solely 'Redbird' and keeping 'silence' about the Elf with 'Dutchess'.
solonic: Woosie always resorts to the scoundrel's ultimate refuge, namely fibbing, (and then pretending to filter those who pick him up on his dishonesty.) We all remember how he had mythical private information from the BAO board which he implied would send the share price up! Did it hell... Anyway the Aim miners' index, such as it is, shows a significant rise YTD which smashes his argument yet again into pieces. But even if it had fallen by a significant percentage, how does that help BAO shareholders? As far as I could discern this was his nutty argument expressed in many posts on this board. He was justifying his decision to buy BAO and then irrationally holding on to it by saying that the index (erm... index of all AIM mining shares beginning with B with a market cap of less than £20m? LOL) was also down. Well, so what? It doesn't justify his judgment at all does it? He would have been much better off investing in those other shares which destroy his argument by 'distorting' (in his mind) the actual miners index. Most normal people make investment mistakes: the major error is to spend the rest of your life justifying that mistake as so many here do. I am grateful to kbrook for his support. I always suspected that he was more intelligent than the majority here and certainly he has more integrity than many.
tuckman: AGM Hi all just a few snippets from the AGM yesterday. All went very well IMO with good attendance 34 shareholders were present. The AGM only lasted 10 minutes with lots of Q&A afterwards.Main points of focus and questions were on the potential future focus on the compnay having had the latest news on the Chinese EPC providers. After strong questioning reading between the lines new best guesstimate target figures were obtained in ref to a 1/2m tpa Pig Iron production ($480m) but main focus was an approx $650m target for a REBAR production facility. The drive behind going into Rebar direction has come directly from the EPC providers with which also can come with help with finance. A final announcement of the EPC provider followed up with actual figures will be due in the next couple of weeks after the Chinese New Year. With obviously these being very large state providers with that can also potentially come up to 85% of the funding for the EPC which obviously speaks for itself. Baobab would have a very small figure to raise to develop the scenario. The IFC would also have to come to the table with their reduced share but this is no doubt an issue further down the line however they have agreed to pay their way this year which should help short term cash flow. The ELF is available but it will not be used at such a low share price and with the obvious help from the majortity share holder AMED then finance should not be a problem to get them through to DFS completion. Pig Iron has IMO been pushed to the side and quite rightly so as the figures for REBAR would no doubt make it a much better proposal going forward. With a $650 CAPEX the company are targeting an OPEX of $450/t and that is without any credit for the Vanadium and potential Titanium. Tests are on going with the new Shenwu method and results again are expected in the next couple of months. The 450t bulk sample will be arriving in China next week and will then no doubt take in my estimations a few months before any results become available. With a local Market available for REBAR again it makes sense to go to this stage as there is no local market for Pig Iron. Selling for around $900/t obviously this will make the figures when they are issued very attractive. Latest media indicates China is dropping 80mtpa of Steel out by 2017 which again would make potentially one of these Chinese Steelmakers very interested in setting up shop but even though there is going to be a Chinese EPC provider it still does not take any interest in the next stage away from the Koreans, Japanese or Indians etc. I even mentioned about getting 2nd hand gear from all those Chinese mills being shut down. For someone to relocate it would be a perfect location and they would not have to buy any equipment. However the potential 85% funding would not come unless it was new but still IMO another avenue exists for the site on a sell off to a Chinese Steel Major (10 of the 20 top Steelmakers in the world are Chinese) The new brokers were present but they were very quiet and tight lipped when I questioned them directly. They will be releasing a full initial coverage note as soon as the EPC provider is fully signed up so we shall expect all the juicy bits and no doubt other broker estimates hopefully before the company travels to Indaba for hopefully plenty of further meeting but this time armed with better figures. Once a potential package has been put together then a build time of 24-30 months has been established, the company would get its ongoing cash from the CAPEX cashflow. Rough estimates of September were banded around for full DFS/BFS and project funding completion but no doubt a lot could happen between now and then. The board are obviously aware of `price sensitive` information at the moment with so many items in the air awaiting final completion but yes IMO both Ben and Frank will be seriously considering buying shares from the market in due course. Jeremy no doubt has enough with 9million. IMO a confident about the project board, very unhappy about the share price and the delays (6months for the Moz government pre election) but very ready to get moving on. My own personal opinion - The AGM was enlightening and I await the real new figures to be announced, but if they are anywhere near the targets then IMO the project should have no problem in getting the financing. With maybe 85% of it coming from the Chinese is should make it much easier. Hopefully on the back of news we might even get some new buyers of stock which should get the share price moving in hopefully the right direction for a change. So still not a share for the short term unless big buying begins from some institutions on the back of the new figures. However with IMO AMED going to fund the company (IFC chipping in) until the project is `sorted` and new figures coming into the market very soon and with plenty of potential suitors for people wanting to have REBAR on the menu the risk is very reduced but as always only time will tell. Still heavily invested here and will remain so as still IMO no bad news is coming our way yet although maybe it is a little slow.
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
tuckman: Max, yes it shall be fun, looking forward to who shows up. jedad - Someone in on £15k, IMO we need some news first but a buy is a buy Top,icel yes will give a full account but below are a few questions I have in mind with others but just a sample below and hopefully will get answers // As a long term patient shareholder I am wondering when the company is going to update the market on the following what I can expect as out of date figures and data. In a nutshell all we have had is a presentation on the 10th Feb 2014, data in that presentation was from PFS dated March 2013 and updated June 2013 Putting things quite simply which no doubt the market share price of 4p also indicates, a long time has passed since there has been any form of project update or broker reports or in general full project updates. What has been done about the $1.14bn CAPEX, when can we expect to receive any new updates on figures. What has been done about the $225/t FOB or $159 with FeV credit. Has this changed with all the testing that has been done and when can we expect to see some new figures. Obviously this should have altered with the MOU`s that from the presentation for Port,Rail,Power were expected to be signed with the government last year. When will a coal MOU be produced to the market which obviously has a big impact on the potential updated OPEX Standard Chartered bank were engaged in June 2013, what have they done? IFC owe the company $1.2m where has this gone, what has happened and why are the company needing bridging loans from AMED Thanks to AMED for the bridging loan but how long will it last and when will the company run out of money again, what is the current cash burn? How does the company intend on paying back the AMED loan or how does the company intend on funding delivery of the DFS , using the ELF facility (information needed) at what share price would they use it at? How does the company intend on funding its costs during construction of the project, estimated at 2 years? With the new broker what advice has been taken to deliver a much higher share price than the current one from the broker reports last year, or where they too high and are we are over estimating the potential in this project. Jeremy Dowler has 9m, AMED have lots of faith in shares and many more private investors here have 2m+ shares. Does the MD and FD not think that it potentially a good time to buy in the market now at this current price.
tuckman: kbrook, confidence is very high that this project will succeed. The main point of my focus is that we already in the bag have a proven pig iron product. The PFS figures are dated over 18 months ago and with all the work that has been done since then I am expecting a vast improvement when the DFS arrivies. If the current tests have been successful then that is only going to improve on the bottom line and hopefully put us in a position that makes us Worlds cheapest and potentially the best pig iron producer. We must then take into account recent market talk in China about moving out Steel production, take into account growth in Africa, take into account price of Rebar in Africa. There are so many factors that make this project a positive for me that I will struggle to see it not work. We are due some new updated figures very soon, hopefully before the AGM. This should cast a new light on the whole process and hopefully give a new look on the company. But in a tight ship watch every penny business world we live in now, would someone not want to join a company that can potentially produce Rebar or Pig Iron cheaper than anyone else in the world. From my conversations with Ben and Jeremy, they don't seem to be in the doldrums and worried about the project (yes they are miffed with the share price and the length of time this is taking) but when they have completed the DFS IMO there should be no shortage of interested parties wanting a piece of the pie. I could be wrong and the figures could be poor only time will tell. But with the RNS`s that have come over the last year we should only see a very marked improvement on the PFS. How the market will react? We as in the past IMO it will gain lots and as we are closer to finalising the deal we IMO should go much higher than our past highs and then what might happen if someone dare says they actually want to buy the whole lot!!!! It has also been a long time since any broker reports with share price targets, IMO we are going to get some soon with the new updated figures on them. Like everyone else we will all have time to adjust our own estimations and targets when we get the info. I am hoping mine are raised from the previous years!!!! Topicel - I can understand why we are at such levels now (no information and the market does not wait for anyone), I would have expected us to be much further down the line should we say!!! Lets see how the market will react to the updated info when it comes but if this project is not cleaned up and either in construction or sold off by next year then we could be looking at less than 10p. But what are your thoughts on the share price if any of the top 20 Steelmakers in the world want to buy this project? If it does figure to be potentially the Worlds cheapest producer does it not make business sense to buy it? If we do go down that line I will be sending these figures and results to every newspaper, magazine, investment house and whoever might be interested in this project myself and making plenty of noise... But still I would hope we keep all of it for ourselves and make many multiples of £££;££ much further down the line into production. I still would buy the drinks at the AGM!!!! Just a little more patience needed, well until next week anyway!!!
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