Base Resources Share Discussion Threads

[marktime1231] 10/7/2021 13:01

BSE year end was 30 June so I think we are waiting for a quarterly trading update later this month followed by 2021 final report late August or early September?

The Spring update was positive, production and prices recovering strongly, should be back to pre-covid levels now which makes the outlook attractive. What is even more encouraging is that the business has paid down all borrowings and credit facility, so it is now debt free and sat with about $70M net cash in March, and cash flow is instead being directed towards dividends.

What's the betting on another 3c dividend? An annual yield of about 25% while the share price is pegged around 15p? No wonder broker Berenberg tipped BSE as a Buy this week, but it seems no-one was listening.

What are the concerns ... the limited reserves of open cast dune mining which can be commercially developed in Kenya, uncertain prospects for other mining targets in Kenya, difficulty over a large VAT reclaim, uncertain prospects for a new project in Madagascar. How many years worth of known reserves in the active deposit in Kenya ... five or ten or more ... but I think they need to negotiate renewing the tenure on their mining license first?

The upside is reported by specialist commodity analysts Roskil saying strong demand for ferro-titanium as with all industrial metals from China and elsewhere pushing commodity prices to highs, and forecasting average sold prices could be up to 50% stronger in 2021-22 compared to the doldrums of 2020-2021. Somewhat linked to the resurgence in aircraft manufacturing. That price outlook trumps all the concerns.

Looking at this with a view to adding some more BSE to my small speculative stake before the good news is published.

[janekane] 03/6/2021 16:46

Started trading these again today we should get news regarding new mining deal in Kenya or not this month

[matt123d] 07/4/2021 22:18

Quite a drop since the XD day. Added a few today.

[janekane] 01/4/2021 15:56

Ime with Eqi they are always 2/3 days behind everyone regarding divi payments

[brownmruk] 01/4/2021 14:34

Just received my dividend through II. At first glance, it looks to have been paid gross this time i.e. no withholding tax. I did notice this bit in the 22 February dividend RNS....

Conduit Foreign Income

The FY21 Half-Year Dividend will be wholly paid from Conduit Foreign Income. Accordingly, non-Australian resident depositary interest holders will not be subject to any Australian dividend withholding tax on the FY21 Half-Year Dividend.

The announcement of the October 2020 dividend did not mention CFI.

[janekane] 01/4/2021 14:13

What's changed we all knew that the mine had a limited life any one got their dividend today

[plasybryn] 01/4/2021 13:32

I'm also giving up on every getting my Australian Withholding Tax back. Complete waste of time and effort. I can't see any attraction in holding these shares going forward.

[izztre] 01/4/2021 11:40

Hello what does today's RNS re the non viability of the future expansion of the Kwale North Dune mean? Is it all about the future or does it impact current forecasted revenue ?

[plasybryn] 01/4/2021 08:04

While the Kwale North PFS does not support mining of the entirety of the
deposits, the Company has commenced an assessment of the potential feasibility
for mining a higher-grade sub-set of the North Dune and Bumamani deposits,
targeting low capital investment and the use of existing processing plant and
tailings disposal capacity2. Leveraging the work completed for the Kwale North
PFS, the study phases for assessing this higher-grade option will be progressed
on an accelerated timeline, with the results expected by mid-2021.

[plasybryn] 01/4/2021 02:50

https://www.proactiveinvestors.co.uk/companies/news/945069/base-resources-says-2021-demand-is-looking-very-positive-for-its-products-945069.html

[janekane] 29/3/2021 19:18

Pay day Wednesday

[brownmruk] 26/3/2021 15:31

There were quite a few queries on the previous thread about reclaiming withholding tax on dividends. I came across this article the other day and thought it was quite clear. Thought it might be worth posting given that it's dividend time.

[janekane] 26/3/2021 06:59

Base iron Austraiia up 1.7% so hopefully will rub off on LSE today

[ntv] 11/3/2021 17:18

cashed in the rest of the holding before xd

[ntv] 11/3/2021 08:56

xd tommorrow

[janekane] 28/2/2021 15:38

Good times coming

[bisiboy] 27/2/2021 19:32

on board look good to me

[janekane] 24/2/2021 08:28

This is going to be a big earner with dividend seekers 2021

[janekane] 12/2/2021 18:40

Undertaker I’ve started a new thread here (base 2021)your welcome to join

[janekane] 12/2/2021 18:38

Good luck to all who buy into base 2021 is going to be a very good year

[janekane] 12/2/2021 18:37

'Premium Read Write'

CHARTS
New thread for new year as this starts to rise as it will after week starting 22/2/21 then we will need a moderated thread
Idiots and trolls will not be tolerated
Good luck all

[undertaker] 12/2/2021 09:22

@Janekane - I sent you a PM could you please have a look (relates to your XTR BB thread) - cheers.

[janekane] 11/2/2021 17:54

Give them a call

[brownmruk] 10/2/2021 15:27

We just need someone to post about it on reddit :-)

[janekane] 10/2/2021 15:06

This one is really under the radar of the advfn 10 baggers
This is going to fly on the 22nd feb