Base Resources Share Discussion Threads

[brownmruk] 22/9/2022 14:11

Interactive Investor credited mine this morning.

[mondex] 22/9/2022 12:45

Anyone received their divi yet? HL have not yet paid it into my acc

[janekane] 17/9/2022 17:09

MMonday bank Holliday uk so hopefully Tuesday

[janekane] 16/9/2022 13:03

8 million buy in Australia last night @ 30.5 cents
Should get notification on Monday who the buyer is

[janekane] 02/9/2022 07:03

Morning plasybryn
Yes it looks like mathematics in Oz overstating drop it goes ex on Sunday in Australia

[plasybryn] 02/9/2022 06:46

Down 6.56% according to me - ex dividend adjustment?

[janekane] 02/9/2022 06:39

Massive 15% drop in OZ last night
I’ll be looking very closely at the opening trades

[janekane] 01/9/2022 09:48

It’s a good company it will bounce back the market is in the doldrums comrade putin has put the cat amongst the pigeons

[mjneish] 01/9/2022 06:31

And because of that, everyone decided to take it out on BSE. :)

[janekane] 01/9/2022 05:31

Morning plasybryn it’s the market it’s a reaction to putins war in Ukraine ,gas prices ,food ,massive losses in the hospitality sectors on the way as poor publicans go bust because of energy costs and pub companies screwing there leaseholders, landlords of shops charging extortionate amounts of rent to the shopkeepers ,councils and business rates far exceeded the viability of these shops
And the biggest problem of all is the fat cats who earn millions on the backs of hard working people just trying to get by on wages that can’t pay the bills expect another BLACK MONDAY very soon
Jane

[plasybryn] 31/8/2022 17:29

Makes the yield even better. Perhaps some don't want a dividend as they get taxed on it if not in an ISA. Otherwise very strange behaviour inmy book and not normal pre ex dividend date.

[mondex] 31/8/2022 17:07

Correction. Ex Div on 2nd Sept (Fri)

[mondex] 31/8/2022 17:06

Doesn't go Ex Div until tomorrow

[mjneish] 31/8/2022 16:06

Is the drop related to the divi?

[janekane] 26/8/2022 09:06

100000 sell at 20.30p is a good sign

[janekane] 26/8/2022 06:45

Morning plasybryn the progression of work in Tanzania in the exploration of new mine possibilities is enormous for us
We have an existing mine life in Kenya now extended to late 2024
And your right about Madagascar
The one most important document we have and own is the right to mine via our “MINING LICENSE “ issued by the Madagascar government
Fiscal terms take time but will eventually be agreed for the benefit of both parties

We had a massive trading session in Australia again last night and I’m expecting another .5p rise on the bid today in the uk
Jane

[plasybryn] 25/8/2022 21:07

Our chart continues to look good. Nice upward trend. It seems investors are getting more confident about Tolaira fiscal terms being agreed soon (by October?) and production extensions at Kwale.

[janekane] 22/8/2022 17:20

Tanzania will be providing more work our way

[plasybryn] 22/8/2022 17:07

Did anyone listen to the Results broadcast today. Very impressive numbers and another nice dividend in the bag. 41% increase in revenue due to higher prices and operating margin up 52% at $425/t.
Good opportunities to extend the Life of Mine in Kenya and Toliara seems to have a "clear pathway" to Fiscal Term Agreement. Now October? Govt. expectations have moderated on external advice (World Bank etc.) and the increased value of the project over 38 year Life of Mine has increased the Govt's sense of urgency to get on with it. $2.4 billion of value to Madagascar over the Life of Mine. Not to be sneezed at!
Two months for the inaugural Sustainability Report to be released.
What will BSE be worth once Fiscal Terms are agreed on the Toliara World Class asset? A lot more than 20p per share surely. In the meantime a 9% dividend to enjoy in September.

[plasybryn] 22/8/2022 17:06

This is a new high today although I note if you go back as far as 2012 it was 27.33p.
Get these Fiscal Terms sorted and we are on our way imo.

[plasybryn] 22/8/2022 17:03

Did anyone listen to the Results broadcast today. Very impressive numbers and another nice dividend in the bag. 41% increase in revenue due to higher prices and operating margin up 52% at $425/t.
Good opportunities to extend the Life of Mine in Kenya and Toliara seems to have a "clear pathway" to Fiscal Term Agreement. Now October? Govt. expectations have moderated on external advice (World Bank etc.) and the increased value of the project over 38 year Life of Mine has increased the Govt's sense of urgency to get on with it. $2.4 billion of value to Madagascar over the Life of Mine. Not to be sneezed at!
Two months for the inaugural Sustainability Report to be released.
What will BSE be worth once Fiscal Terms are agreed on the Toliara World Class asset? A lot more than 20p per share surely. In the meantime a 9% dividend to enjoy in September.

[plasybryn] 22/8/2022 11:39

Listen to the webcast today at 4oclock. Submit questions.

[marktime1231] 22/8/2022 11:09

But.

No real progress on Toliara, remains suspended pending agreement with Madagascar govt on fiscal terms, BSE say they are in advanced discussions and are getting positive signals but not sure we have seen evidence of those or what that actually means in terms of when they might hope to do a deal. After which it is an estimated 11 months until FID eg before any real work begins. Can't find it now but previously I think I read it would be 27 months until meaningful production once Madagascar govt are persuaded to green light the development.

By which time Kwale will be exhausted. I think the time has already passed by when they needed an actual agreement not just promising remarks. So you are betting on further Bumamani expansion or a new development in Tanzania where they haven't even confimed a drill programme yet?

Don't be suckered by the positive sounding messages which are frankly ambiguous and intangible, or by a 1.7p final dividend, or even a further 3.4-7.8p to come in the two years ahead, because it looks increasingly like BSE will be out of operation.

As you know I am already out and wishing you good luck, but have your eyes wide open this could soon be a sinking stone.

[andrbea] 22/8/2022 09:23

yes, strong cash position
A final dividend

and:
* Continued strengthening of demand for all products, with increases in
average achieved prices of 26% for rutile, 42% for ilmenite and 57% for
zircon compared to FY21.

[boystown] 22/8/2022 07:18

So at 20pps, the yield here is 17.5% right?