Base Resources Share Discussion Threads

[chester] 12/4/2017 08:31

Through 20p nicely..

[rafieh] 12/4/2017 08:19

They have paid back $25m worth of debt in just 6 months! At this rate they will be totally debt free in about 2 years. All this cash will then be available to pay juicy dividends.

[tomboyb] 12/4/2017 08:13

Always been very illiquid -

20p+ BECKONS on the bid -

[tomboyb] 12/4/2017 07:52

Morning -



Quarterly Activities Report March 2017
AIM and Media Release

12 April 2017

BASE RESOURCES LIMITED
Quarterly Activities Report – March 2017

HIGHLIGHTS

Further strong ilmenite price increases achieved and additional price increase locked in for contracted April sales, resulting in June quarter prices commencing approximately 200% higher than at the start of the financial year.
Record quarterly rutile production of 23,107 tonnes.
No lost time injuries.
Positive exploration drilling results clearly demonstrate the potential to grow Resources and mine life to the north and south of existing Kwale Operations Ore Reserves.
Further cash “sweep” from the Kwale Operations.
Net debt reduced by US$7.0m to US$122.5 million.

Base Resources Limited (ASX & AIM: BSE) (“Base Resources” or the “Company”) is pleased to provide a quarterly corporate and operational update for its Kwale Mineral Sands Operations (“Kwale Operations”) in Kenya, East Africa. The quarter was again characterised by continuing improvement in ilmenite markets and a positive outlook for both rutile and zircon. The continued strong performance of Kwale Operations has reduced net debt by a further US$7.0 million* in the quarter.

[*The net debt reduction of US$7.0 million in the quarter was lower than the previous quarter (US$18.1 million net debt reduction) due to the timing of bulk rutile shipments, and particular customer payment terms, which impacted cash receipts and therefore total net debt reduction.]

[rafieh] 12/4/2017 07:41

Figures look fine to me. The graceful walk through 20 P level should continue.

[rafieh] 10/4/2017 19:22

Tomboyb,I am expecting gradual increase/ slow walk past the 20p mark, rather than a furious breaking out.

[tomboyb] 10/4/2017 15:09

cheers -

20p hit today -

can we break it -

[chester] 07/4/2017 08:49

tomboyb - Your not alone here..

[rafieh] 07/4/2017 08:20

Half a penny rise per day for the next couple of weeks would do very nicely.

[tomboyb] 06/4/2017 13:45

I think it may well hit 20p+ -

Limits tightening up again -

Good luck -

[rafieh] 05/4/2017 13:09

We are finally on the move again. Let's hope we sail through 20p level.

[tomboyb] 16/3/2017 07:57

Morning -

Hunter Hall reducing their stake -

Who can blame them from where their initial investment was -

[tomboyb] 06/3/2017 18:15

Thanks Rafieh -

Bit of tongue and cheek from me considering the rise -

Yeah I'm hoping for 20p+ here -

Good luck -

[rafieh] 06/3/2017 17:13

Tomboyb,I am still here and I read your posts. One shouldn't get too dismayed if the BB is quiet. Usually it means PIs and short term traders have not swamped the share. So I suggest Base Resources is not overbought, despite the huge rise over the last year or so. Looking forward to 20+

[tomboyb] 06/3/2017 14:13

I suggest the over 80% of the posts here are mine -

I also suggest that when I create a thread no one seems interested in it - !

[tomboyb] 06/3/2017 11:08

Good Morning -

Rns out

Base Resources Limited Notice of Initial Substantial Shareholder

06/03/2017 7:00am
UK Regulatory (RNS & others)


TIDMBSE

AIM and Media Release

6 March 2017

BASE RESOURCES LIMITED
Notice of Initial Substantial Shareholder

Base Resources Limited (ASX & AIM: BSE) ("Base Resources") advises that it has
today received the following notification.

Washington H. Soul Pattinson and Company Limited ("WHSP") has notified the
company that it has acquired a relevant interest in 17.49% of Base Resources'
total shares on issue. WHSP has notified that it has a relevant interest in
all shares in which Hunter Hall International Limited ("HHL") has a relevant
interest, by virtue of WHSP acquiring voting power of more than 20% in HHL.

A PDF version of the notice referred to in this release is available from the
company's website: www.baseresources.com.au.

[tomboyb] 02/3/2017 07:56

Share price has consolidated around these levels -

hoping to see 20p+ -

Debt was a major hindrance 1 year back but with commodity price improving scope to be debt free 2018 is a massive boost -

[gersemi] 02/3/2017 07:28

Added a few here but I believe this one sentence defines precisely the trigger for real share price appreciation:-

Debt is a cancer and eats away at a company's capital. The less the debt, the more capital (shareholder interest) accrues to the shareholder rather than the credtiors

'Debt is being paid back rapidly; having seen net debt peak at US$225m last year, it has now fallen to US$150m. At this rate, this could be completely cleared by the end of 2018, allowing returns to accrue to shareholders, not just the banks.'

[bantam175] 28/2/2017 16:31

When though is the question?

[rafieh] 28/2/2017 07:41

Decent set of figures and a confident tone throughout the report.Should pass over the 20 P mark with relative ease.

[tomboyb] 28/2/2017 07:27

Interims up -

Fairly solid profit $3.8mill and looking to improve -

[tomboyb] 27/2/2017 23:38

Joint broker appointment today -

May well be looking at a further placement although that remains to be seen -

[tomboyb] 23/2/2017 08:36

indeed -

20p+ on the cards here now -

2 v 1

[modform] 22/2/2017 12:14

Ilmenite prices 50% higher in 2017 than 2016 and most are contracted out already , so I expect a steady rise to 25p this year