Base Resources Share Discussion Threads

[soleman1] 19/9/2021 08:12

Yes I'm sure your right but they have clearly indicated excess cash will be returned to shareholders so while the dividend will be suspended to fund new mines the increased revenue will support future cash returns.

[janekane] 18/9/2021 22:43

A new mine in its self should push the share price higher so you will gain that way
This will climb to 20p plus over the next 3 months a very merry Christmas to us all

[daemonfunds] 18/9/2021 09:36

@soleman1: i think as soon as they find something to mine the div will stop as they will use that cash to fund the setup of the new mine

[soleman1] 17/9/2021 06:22

I doubt a deal with the Madagascar government is around the corner but I think it will eventually happen years down the road. The company is on the money though sniffing out sites in Kenya, seems far more likely new resources will be found there and terms readily agreed as they have a good track record there. I'm happy for them to keep mining there and returning the cash to shareholders don't really care what the share price does in that case.

[janekane] 16/9/2021 18:53

The problem is the amount of money the Madagascar government want as a percentage of gross turnover
You mine for any mineral resources that all have costs in production that if not in the Acceptable cost model won’t work
If and when the Madagascar government agree the correct fiscal deal it will work if not we walk away
We are prospecting more sites in Kenya that could prove as good as we have now

[plasybryn] 16/9/2021 18:25

I wonder how likely it is we will get the go ahead for Madagascar. If word on the street starts to become positive, this will fly. The process however, the reasons and the timescales all seem a bit shrouded in mystery. Or is everyone on here convinced it is just a matter of time.

[soleman1] 16/9/2021 06:25

26.6% dividend at this price, might just have to top up...again somethings gotta give.

[janekane] 10/9/2021 10:03

Balderdash n piffle

[tomps2] 10/9/2021 09:32

Mark Simpson ‘slams’ Base Resources (BSE) in the latest PIWORLD/Stockopedia StockSlam at 35m34s

Watch the video here:

Or listen to the podcast here:

[janekane] 10/9/2021 08:25

Looking good

[soleman1] 10/9/2021 06:33

Chaps this is my first BSE dividend, I tried to register with compushare but didn't have the srn number. I can't find it on hsbc sharetrading and when I contacted them they also did not know it. The latest RN states those paid by cheque will receive a mandate form, hopefully that communication will include the srn number but in the meantime will I be sent a cheque without taking any further Action?

[soleman1] 10/9/2021 06:26

Surprise surprise down 4c in oz, should equate to -2.2p for us today.

[janekane] 08/9/2021 08:00

Base iron closing price this morning Australia
Buy 129528
Sells 1047691
? 472574
Forecast for Fridays opening price BID 14.75p OFFER 16p

[soleman1] 07/9/2021 21:17

I called it, two large sells yesterday late reported today.

[soleman1] 07/9/2021 10:57

Solid finish on ASX up 3% 32.5, surprising seeing as we dropped it 4% yesterday. Definitely potential to crack 18p today, strong buying so far.

[janekane] 07/9/2021 07:25

Australia bid offer up 1.6% bid 325 offer 31

[janekane] 07/9/2021 07:25

Should rise again today

[marktime1231] 06/9/2021 17:17

ProactiveInvestors reporting a broker note from Peel Hunt, who agree the value of BSE rests on extending operations in Kenya and Tangyanika or doing a deal in Madagsacar



They say BSE is worth 20p as things stand, but don't suggest how much it would be worth if they agree fiscal terms with Madagascar in the next year.

The share price seems to have topped at 18p ahead of ex-div on Friday.

[janekane] 06/9/2021 16:48

Trades in Australian yesterday’s trades 5/09/21—6/09/21 11 hours in front of us
buys 181893
Sells 941968
668092 in the not known column

[soleman1] 06/9/2021 10:08

Odd price movement today, if you read the trades there are far more buys than sells. Looks like there has been a large sell yet to appear on the board. Tempting to top up again just before pay day.

[plasybryn] 03/9/2021 23:08

Base Resources Ltd - mineral sands developer with assets in Kenya and Madagascar - Study of the Bumamani and Kwale North Dune deposits in Kenya finds that it is economically feasible to mine smaller, higher-grade subsets concurrently with the Kwale South Dune deposit, extending the mine life of the Kwale mineral sands operations by 7.5 months to July 2024. That will provide time for Base to develop further opportunities in Kenya. The cost of acquiring land, services and infrastructure that will be required is estimated at USD13.6 million.

[pendragon2] 03/9/2021 17:12

Alba’s wholly-owned Thule Black Sands (TBS) Project is a heavy mineral sands project located on the Steensby Land peninsular in north-west Greenland.
The Geological Survey of Denmark and Greenland, GEUS, has estimated that 10 billion tonnes of ilmenite exist in the original rock within the entire Thule region, with a further 7 billion tonnes of ilmenite present in the form of placer ilmenite.
An extensive surface drilling campaign by Alba has led to the declaration of a maiden Mineral Resource for Thule Black Sands.

Next door to the bluejay licence.

[soleman1] 03/9/2021 13:13

Greenland ? Have to replace the water pumps with snowball cannons

[marktime1231] 03/9/2021 11:56

The Bumamani news from BSE this morning is both positive and brings focus on LoM ... they reckon they can economically squeeze another 7.5 months out of Kwale, which takes its life to July 2024. So, revising my pessimistic view of the pivot, we might get 65% of our money back at this rate of distribution if in the worst case Toliara comes to nought. More, if they can reach agreement with Kenya govt over the VAT rebate.

Good suggestions about bringing another opportunity forward, having a plan B, but it would need to be something which can be commissioned in a couple of years. Greenland though, brrrr!

[soleman1] 03/9/2021 08:17

Stock is really tight today after high buying volume yesterday, it won't take much to move this higher now.