Base Resources Share Discussion Threads

[dangersimpson2] 01/9/2020 12:00

Nice breakout - amazing what a dividend can do to focus investors minds on the level of undervalution here.

[ntv] 31/8/2020 16:15

thanks for the link homebrewruss

[homebrewruss] 27/8/2020 10:43

A new proactive interview with the CFO:

[janekane] 26/8/2020 15:03

If I could buy between 15.25 and 15p then if it was my Quote I would take it
This is not a day traders dream but over the next 12months it should give a good return on today’s SP

[shwetal] 26/8/2020 07:18

Any sincere thoughts on why I am being shown market best possible indicative price rather than the real one ??!!

[shwetal] 26/8/2020 07:16

It's not giving me any quote.

[janekane] 24/8/2020 17:11

Press news tomorrow

[janekane] 24/8/2020 17:08

I think there are about 2 Aud to pound sterling so about 1.6p divi not bad for maiden

[dangersimpson2] 20/8/2020 09:07

It would be great if that happened but unless people have failed to do the basic maths the market already knows they generated $43.2m of FCF in Q4 and have over half their market cap in net cash.

It will probably take news on either FID on Toliara including agreed funding or a significant LoM extension at Kwale to get this moving. If it doesn't move though they could have more net cash than the current market cap by the end of 2021 so I totally agree with the "grossly undervalued" statement!

[janekane] 20/8/2020 07:41

Monday’s update should shoot us north Ime expecting great news

[janekane] 27/7/2020 11:21

I think this is grossly undervalued

[cruxinvestor] 25/6/2020 12:22

Hi guys, here is our recent interview with Base Resources MD Tim Carstens:

Everything appears to be going well, except for the share price. It is half of what it was when we spoke to them in Oct 2019. This has likely been caused by two things:

1. The high-grade, high-margin project in Kenya is coming to end of life and the returns will drop. There is a second lower-grade project commencing but will be less rewarding. They need to spend time and money on exploration and development to ensure kenya continues to contribute revenues and profit rather than just stand still

2. Uncertainty over Madagascar as a mining jurisdiction, given ongoing discussions with the government over terms on the royalty and taxes. We feel this will resolve itself and possibly by the end of the year. The financing is not yet in place for new flagship asset, Toliara, but should not be an issue, however, the cost of the finance, given the faltering start to the project, may have just gone up.
Only the terms of the agreement with the madagascan govt will tell.

Technically, this is a simple and relatively low capex business. Castens is a straight talker and he thinks he has a clear path towards getting Toliara into production and driving up the largely institutionally-held stock. The only thing that is uncertain is the timeline, and if Kenya can return to darling status.

Let us know your thoughts!

[janekane] 11/5/2020 04:17

Massive problem with that we don't have any punters

[cheshire man] 09/5/2020 08:03

Punt of the week in The Mail

[janekane] 07/5/2020 06:41

She link the company posted today is not valid

[dangersimpson2] 27/2/2020 16:01

My notes from today's conf call:

- No coronavirus impact on ilmenite pricing yet, highest price yet has been negotiated for March shipment.
- Zircon slightly weaker pricing, but low inventories throughout supply chain medium-term supportive.
- Rutile mainly Western pigment producers so no effect yet.
- Long-term end-user demand effects unclear at this stage, but short term, customers wanting additional volumes.
- Toliara government fiscal terms, slow going but moving in the right direction.
- Toliara project timing still on track, any short delay to FID not material to project.
- Toliara funding still progressing all options.
- Any JV at the project level likely to be with downstream customer = win-win for security of supply.

[cpap man] 07/11/2019 11:05

SP Angel - Morning Notes



Base Resources (BSE LN) 10.5p, Mkt Cap £123.0m – Site activity suspended at Toliara*

Base Resources, reports that the Government of Madagascar has ordered that activity on-site at the Toliara mineral sands project is to be suspended “whilst discussions on fiscal terms applying to the project are progressed”.

The company stresses that, as all the necessary work on site has been completed, the Definitive Feasibility Study (DFS) is continuing on track for release in December 2019.

“Unfortunately, however, this suspension will impact the community development programs currently underway and the several hundred local Malagasy people who are presently undertaking training programs with the Toliara Project. This is clearly regrettable”.

Base Resources confirms that there is broad community support for the project and that it “will continue to engage in a transparent and respectful dialogue with Government to deepen its understanding of the significant benefits of the project to Madagascar and secure agreement on mutually beneficial fiscal terms that represent a sound and sustainable basis on which the Toliara Project may proceed to development”.

The company does, however, cite “recent localised events have represented illegal actions by a small minority that were dealt with by the Malagasy legal system. It is therefore disappointing that the Malagasy government has now stated this as a justification for requiring a suspension.”

Conclusion: There is no indication as to how long the suspension is likely to prevail at Toliara, however, we are encouraged that the DFS, which should provide insight into the proposed project development, remains on course. We expect that the suspension and its impact on the local communities and disruption to the training of future employees will add a level of urgency to reach an agreement between the Government and the company which recognises the objectives and aspirations of both.

*An share price Angel analyst has visited the Toliara mineral sands project in Madagascar

[cpap man] 07/11/2019 09:20

Thursday 07 November, 2019
Base Resources Limited
Toliara Project – Government of Madagascar statement
AIM and Media Release

7 November 2019

BASE RESOURCES LIMITED
Toliara Project – Government of Madagascar statement

African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) advises that an official statement has been released by the Government of Madagascar requiring the suspension of on-the-ground activity at the Company’s Toliara Project whilst discussions on fiscal terms applying to the project are progressed.

This development will not impact the Company’s progression of the Definitive Feasibility Study for the Toliara Project as all necessary on-ground works have been completed. The Definitive Feasibility Study remains on track for release in December 2019.

Unfortunately, however, this suspension will impact the community development programs currently underway and the several hundred local Malagasy people who are presently undertaking training programs with the Toliara Project. This is clearly regrettable.

The Toliara Project enjoys broad community support, locally, regionally and nationally, as the significant economic and social benefits are clear. While there were some early community protests, these have dissipated with an extensive communication program better explaining the project and the opportunity it represents. The few more recent localised events have represented illegal actions by a small minority that were dealt with by the Malagasy legal system. It is therefore disappointing that the Malagasy government has now stated this as a justification for requiring a suspension.

The Company will continue to engage in a transparent and respectful dialogue with Government to deepen its understanding of the significant benefits of the project to Madagascar and secure agreement on mutually beneficial fiscal terms that represent a sound and sustainable basis on which the Toliara Project may proceed to development.

A further update will be provided when discussions with Government have progressed.

ENDS.

For further information contact:

James Fuller, Manager Communications and Investor Relations UK Media Relations
Base Resources Tavistock Communications
Tel: [phone] Jos Simson and Barnaby Hayward
Mobile: [phone] Tel: [phone]
Email: [e-mail]
About Base Resources

Base Resources is an Australian based, African focused, mineral sands producer and developer with a track record of project delivery and operational performance. The Company operates the established Kwale Operations in Kenya and is developing the Toliara Project in Madagascar. Base Resources is an ASX and AIM listed company. Further details about Base Resources are available at www.baseresources.com.au

PRINCIPAL & REGISTERED OFFICE
Level 1, 50 Kings Park Road
West Perth, Western Australia, 6005
Email: [e-mail]
Phone: [phone]
Fax: [phone]

NOMINATED ADVISOR
RFC Ambrian Limited
Stephen Allen
Phone: [phone]

JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: [phone]

JOINT BROKER
Numis Securities Limited
John Prior / James Black / Paul Gillam
Phone: [phone]

[janekane] 07/11/2019 09:17

I can't get the RNS to load can you cut and paste it for me please

[cpap man] 07/11/2019 09:10

Not invested in BSE but have an investment in another currently un-quoted company that is in both India as well as Madagascar so was wondering if this RNS today is basically a BSE specific issue or a country one?

[sharesoc] 25/10/2019 14:53

The Base Resources presentation from our recent London company seminar can be found in our members area here:

To access the presentation, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here:

Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the presentation (and presentations on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: