Base Resources Share Discussion Threads

[plasybryn] 02/6/2023 07:09

Interesting development. What do they know that we don't. We investors follow suit. I see the very long term chart shows an upward trend with higher lows. Looks to me ready to go higher. Time will tell.

[plasybryn] 02/6/2023 07:07

BASE Resources advises that it has received notification from Sustainable Capital Limited that, as at 1 June 2023, Sustainable Capital had increased its voting power in Base Resources from 277,232,274 ordinary shares to 290,537,049 ordinary shares representing 23.66% and 24.66% respectively of the total Base Resources ordinary shares in issue. This constitutes a substantial shareholding for the purposes of the AIM Rules for Companies.

[janekane] 27/5/2023 21:40

I have been very happy with my investment in Base it gave me a massive return on my original outlay
I have reached the belief after taking my gains that further investment here will only be on and after the news of a signed contract in Madagascar, or Kenya or another African country (could well be Tanzania) my research suggests this country Tanzania will be as productive as Kenya if not even more so
The RNS confirmation of a new deal signed will give us all time to put more money into Base
The chart confirms my decision as correct to sell at the time I did
And Directors moving on at times of a declining share price is never a good sign
My investment here again is only on the company gaining new contracts so my advice is to keep watching every trading day for news of new opportunity’s
Good luck all

[plasybryn] 27/5/2023 19:30

Kevin Balloch is the CFO. James Fuller is the guy who moved on.Good luck with your deliberations.

[plasybryn] 27/5/2023 19:28

The Investor Relations guy left recently for a new post at Atlantic Lithium, another share i like by chance. The Finance Director has stepped into his shoes at BSE until a suitable replacement is found, but he replies to emails and is very helpful if you need a specific point clarified. I genuinely feel the Co are confident they will get FID terms although one suspects it could be the election in Nov that is holding things up. Mine approval - jobs - vote gainer.

[farrugia] 27/5/2023 19:08

hmm while i'm sure Madagascar is probably a country where corruption exists I find it hard to believe that the Russians are trying to squeeze Base out - its not really a critical mineral.

And why do they need the Toliara Project given that they seem to be extending exploration in Kenya? The Kwale mine operation has worked very well - could mine life be extended beyond end 2024?

Kenya issued a moratorium on issuance of new mineral rights since November 2019. Why?

[plasybryn] 27/5/2023 18:50

Peel Hunt gave Base Resources a buy recommendation with a target price of 22p a few weeks back i believe.

[plasybryn] 27/5/2023 18:23

Mining Review Africa August 2022."Discussions with the Government of Madagascar on fiscal terms, and the lifting of the on-ground suspension, have advanced significantly and we are encouraged by government's recent messaging on the need to bring the Toliara Project to development in a timely manner to help stimulate economic growth in the region."

[janekane] 27/5/2023 17:41

Risks
why have we not got the go ahead to start preparing the infrastructure to commence production
Why won’t the Madagascar ministry of mines accept that our offer is fair and equal in the benefits for both parties
Now this is the question that really needs answers
Who’s pulling the strings of the officials running the ministry of mines MADAGASCAR
What part of this pantomime have the foreign mercenaries who have occupied the country and taking over the allocation of mineral deposits and who will mine them
Ime betting that an Australia company will never get further than this fiscal impasse
Why won’t Base tell us why they can’t move this impossible situation forward when the figures demanded will never add up
Do your own research on Who is now pulling the strings in Madagascar

[farrugia] 27/5/2023 16:52

is BASE good value at those levels? why wouldn't you touch it janekane? what are the risks/opportunities here? I believe this is a profitable company but its reaching depletion of its resources? I'm starting to look into this stock.

[farrugia] 27/5/2023 16:50

is this value at those levels? why wouldn't you touch it janekane? what are the risks/opportunities here? I believe this is a profitable company but its reaching depletion of its resources?

[janekane] 26/5/2023 23:24

My advice to anyone thinking of buying into this company now
I WOULDN'T TOUCH THIS WITH A 10 FOOT BARGE POLE until news of contracts signed

[janekane] 10/5/2023 13:58

Nominated Adviser Gone small penny punters abandoning the ship
Things aren’t looking good as fiscal terms Madagascar are still not agreed and could never be agreed the way we keep getting promises tomorrow syndrome
The Chinese will take it on with the terms demanded by the ministry of mines

[janekane] 09/5/2023 07:20

Not the news we wanted, I was expecting a better interpretation of the drilling results
However this is all part of mineral exploration drilling many of which are as this
LACKLUSTRE

[janekane] 26/4/2023 07:14

Bit lack lustre news today let’s hope the market reaction will not be pushing the share price further south

[janekane] 24/4/2023 07:40

Will we get Another drop in share price today posted at 07.40

[janekane] 11/4/2023 12:28

Ps with affordable fiscal terms

[janekane] 11/4/2023 11:35

I hope you get what you want base was very good to me with massive divi payments and growth
I sold out as my expectations were being eroded I still have one share as this keeps my transaction history on my screen
I will be back big time on news of a breakthrough in Madagascar
But am getting better vibes from mainland Africa that makes me think this is the next major mine possibility in Tanzania

[plasybryn] 11/4/2023 10:25

It is interesting how every time they update us they manage to use more optimistic words. How long can that go on. Eventually they will either get the Fiscal Terms agreed or have to admit there are problems. I remain optimistic we will get real/tangible progress by the end of April. Just a gut feel.

[plasybryn] 09/4/2023 19:16

In the last presentation the Co assumed Fiscal Terms in the Madagascar project would be agreed and in place by the end of April. Anyone got a gut feeling they will pull it off this time.

[plasybryn] 03/4/2023 16:11

77493 trade.

[janekane] 03/4/2023 04:17

3/4/23
Australian market down today

[plasybryn] 31/3/2023 16:11

And up 4.9% here.