Base Resources Share Discussion Threads

[plasybryn] 03/3/2022 17:25

Danger - "Talk on the ground is that Toliara will be the next big one".
Base will transform into a different Co. if the fiscal terms are agreed say by end of April. It is encouraging to hear that other projects do seem to be given the go ahead after such a long moratorium of inaction. The DFS2 just shows what a fantastic project this is. But we've got news to come on North Dune ( DFS study expected June quarter I believe) and other Tanzanian drill results I believe. And of course ex dividend on 11th March. I do rate these guys and in this climate where ilmenite etc is in high demand I feel 2022 could be the year BASE Resources moves into overdrive. We can but hope.

[janekane] 02/3/2022 05:16

Yes I do
It will double and potentially a ten bagger on news regarding the years life expectancy of the mine ( Madagascar)

[plasybryn] 01/3/2022 19:58

Thanks danger. Interesting and encouraging comment on Madagascar. If we get the go ahead does anyone have a view on the share price?

[plasybryn] 01/3/2022 12:12

Did anyone listen to the presentation yesterday?

[dangersimpson2] 28/2/2022 12:07

Its AUD36c close in Aus ( is 19.4p in Sterling so a decent discount developing on AIM. These usually get arbed away in time, after all the dividend per share is the same regardless of the currency that it's paid in.

[marktime1231] 28/2/2022 11:47

Hmmmm. The expected time from Toliara authorisation to producing revenues is 27 months, and still no agreement.

Thank you for the further splendid dividend.

[plasybryn] 24/2/2022 08:28

https://www.argusmedia.com/en/news/2304842-titanium-supply-chain-threatened-by-ukraine-conflict

[plasybryn] 20/2/2022 15:23

FY 22 INTERIMS due Feb 28th. Are we seeing steady buying ahead of the Interims? Will they surpass expectations? Dividend update?
News from Madagascar perhaps?
Any thoughts? I know not many follow this stock. Nicely under the radar.

[plasybryn] 19/2/2022 07:54

Love the way the Co. remains so active on Twitter communicating it's ESG policies.

[janekane] 11/2/2022 07:51

Trades in Australia yesterday no sellers
Bid up slightly at .32cents offer .325 cents
Buys 67412
Sells 0
Not sure 61976
Aud to gbp = 16.8p on the bid uk

[janekane] 10/2/2022 07:12

Australia trade last night /yesterday bid 0.315 offer 0.32 cents up slightly

[mjneish] 09/2/2022 14:49

This gradual ticking up is far better than the jumps that have occurred in the past, which haven't held up for long.

[janekane] 09/2/2022 07:47

SP in Australia yesterday bid 0.31 offer 0.315
buys 308807 sells 176634

[janekane] 03/2/2022 17:16

Looking forward to the negotiations in Madagascar producing a good resolution
Be a shame if we can’t get a decent deal for Madagascar and Base
Base will prove to be a gem for the Madagascar economy while enhancing the lives of the local residents once this fiscal problem is settled
Be a terrible mistake if the ministry make the fiscal deal untenable

[plasybryn] 03/2/2022 07:43

Thanks for keeping us posted Jane.

[janekane] 03/2/2022 07:40

The bid / offer price in oz is 0.31 /0.32 au cents so uk bid 16.30 p

[mjneish] 31/1/2022 10:41

Up nearly 5% on the ASX today.

[plasybryn] 31/1/2022 08:36

Nice & steady. More Twitter activity today. Oh I do wish them well. They seem to try so hard on so many ESG fronts. The Co has a nice feel about it or is that just me being sentimental. Never a good thing when investing!!

[janekane] 31/1/2022 05:51

Price up 4% in oz today bid 32 offer 325 that’s 16.75p on the bid ukp

[dangersimpson2] 27/1/2022 10:13

This is the video link:

In terms of the quarterly report, sales revenue per tonne declined but this was due to the product mix, with the less valuable per tonne Ilmenite making up a large proportion of the sales due to the catch-up. This was slightly below my estimates, partly due to the high volume of Ilmenite but also of the delayed Rutile shipment, so this effect will reverse in Q3. The operating costs per tonne were reduced due to the increased production volume, although the higher production increased the overall cash operating costs to $18.1m for the quarter.

Overall this means that the quarter should have generated around $23m net profit from Kwale and around $37m of Free Cash Flow before movements in working capital or external payments. Net cash only increased slightly during the quarter, however, due to the timing of tax payments to the Kenyan government and working capital build due to the increased shipments during the quarter. Given the large cash balance, they are likely to fairly relaxed about any working capital flows but is worth keeping an eye on.

Looking forward, the supply dynamics continue to be supportive of HMS pricing, with
Rutile the standout, where they say "Rutile prices increased through the quarter and substantial price increases have been secured for the March quarter."

This bodes well for the rest of the year. With this pricing strength, my latest free cashflow estimate is $125m for 2022 from Kwale before any tax payments, central costs or inventory build. This should support either decent dividends or the start of Toliara development if/when that gets approved.

[plasybryn] 27/1/2022 08:59

Base Resources Limited (AIM:BSE, ASX:BSE)'s Tim Carstens takes Proactive through the company's December quarter — a period he believes was denoted by strong production performance and price increases. Carsten says the Africa-focused mineral sands producer made progress on several fronts at its Kwale operations, and he forecasts further pricing growth in the current quarter.

[plasybryn] 27/1/2022 08:56

Base Resources recounts strong production performance and price increases in December quarter

proactiveinvestors.com.au
Base Resources recounts strong production performance and price...
Base Resources Limited (AIM:BSE, ASX:BSE)'s Tim Carstens takes Proactive through the company's December quarter — a period he believes was...
1:38 am · 27 Jan 2022·Twitter Web App

[plasybryn] 27/1/2022 08:54

Interview Posted below

[plasybryn] 27/1/2022 07:21

EXPLOITATION – La plateforme des notables de Toliara demande une audience au Chef de l'État pour discuter du redémarrage de Base Toliara - Anyone know what this says? On Twitter today.