Base Resources Share Discussion Threads

[plasybryn] 03/6/2024 16:07

Courtesy Shepdave on LSEYeah, I worked out a 20.27% increase in share price based on current Energy fuels share price of 6.08 USD and the current exchange rates.Think Energy fuels share price would need to slip to below 5 USD for no extra value from current price.7 USD would give 35% additional value.Guess it will gradually edge up over time over the next few months if no issues.

[plasybryn] 29/5/2024 13:43

Sorry posted this on the wrong board. Senior moment!'

[plasybryn] 23/5/2024 18:00

From: share price Angel Energy
Date: 23 May 2024 at 11:02:18 BST

Capricorn Energy (CNE LN) 192p, Market Cap £177m: Improvement in Egyptian receivables
Capricorn announced average YTD24 production is in line with the midpoint of 20-24kboe/d FY24 guidance, with an update on production performance to be provided later in the year.
The Company reported receivables in Egypt have reduced from $169m to $151m enabling an improved net cash position of ~$101m as at end-April, ahead of settling a $25m contingent payment for Egypt to Shell.
In Senegal, start-up of Woodside’s Sangomar development by the end of June could lead to a potential contingent payment of up to $50m in 1Q25 if crude oil prices remain above $60/bbl in 2H24.

A perfunctory update ahead of the AGM, which points to the positive impact of the improved fiscal landscape in Egypt that has seen $71m of receipts during 4M24.

The Company wants to see the initial results of its drilling activities before updating the market, with this year’s development activities expected to have a greater impact on 2025 production than 2024.

Capricorn believes its market capitalisation implies that the underlying net asset value in Egypt are heavily risked, but we think management still has to demonstrate greater value from this stand-alone small-cap Egyptian producer than was available from the merger options to create a more balanced larger player preferred by the former management.

[plasybryn] 23/5/2024 17:56

Nice 200643 buy @14.95p

[plasybryn] 23/5/2024 08:33

Base Resources shares will be cancelled from the ASX and AIM markets with the combined entity trading on the NYSE and TSX.

[plasybryn] 23/5/2024 08:31

No that isn't what i mean. Hargreaves Lansdown only accommodate trades on London listings, in this case AIM.

[mondex] 22/5/2024 11:30

Plasybryn,
When you say that HL will only let you trade on AIM do you mean you would not be able o put this in an ISA?

[mondex] 16/5/2024 17:17

Many thanks MJ. There is also the growth factor if/when the Toliara project goes ahead which seems probable given UUUU acquiring them

[mjneish] 16/5/2024 15:54

Time to revisit the earlier calculation.

CORRECTION (I forgot to change USD to GBP), so I've edited the calculation.

10,000 shares in BSE are currently worth £1287.50.

This will be exchanged for 260 shares in UUUU worth £1266.50 at the current share price and exchange rate.

In addition, the special dividend is now worth £342.55.

So in summary, there is around 25% upside from the current BSE share price to the value of the deal being offered.

Factor in the risk discount of your choice.

[plasybryn] 10/5/2024 12:09

Hargreaves Lansdown aren't going to let me trade other than on AIM so i am fed up i might be forced to sell. Perhaps we will get the dividend and Fiscal approval before we are de-listed. Pigs can fly.

[plasybryn] 10/5/2024 11:41

I've submitted a question, but Kevin Bulloch is away till later in May

[plasybryn] 10/5/2024 11:40

Late June / early July with the Scheme Booklet perhaps.

[plasybryn] 10/5/2024 11:38

What i want to know is will it be transferred to New York & Canadian index pre or post implementation date?

[mondex] 10/5/2024 08:49

Do we know when they will announce the special dividend amount?

[mondex] 10/5/2024 08:48

Thank you Plasybryn, most useful to have it diarised like that.

[plasybryn] 09/5/2024 18:06

Announcement of Transaction - Monday, 22 April 2024

Appointment of Independent Expert. - April 2024

First Court Hearing to approve the Scheme Booklet - Late June / Early July

Base Resources dispatches Scheme Booklet to Base Resources Shareholders Scheme Meeting — Late June / Early July

Second Court Hearing. - Early / Mid August

Effective date - Mid August


Record Date for Scheme and Special Dividend - Mid August

Special Dividend Payment Date - Late August

Implementation Date - Late August

[plasybryn] 09/5/2024 17:56

I guess this answers my own question above!

Scheme Booklet expected to be dispatched to Base Resources shareholders in late June / early July with the Scheme meeting in late July / early August and Transaction completion Q3 CY24

[plasybryn] 09/5/2024 17:55

While progress slowed towards the end of the quarter as the Government’s attention shifted to the upcoming legislative assembly elections on 29 May 2024, the Company expects good progress once these elections have concluded.

[plasybryn] 09/5/2024 17:52

Does anyone know what are the expected next milestones?
Deal expected to complete in Q3.
Will we get FID approval beforehand?

[mjneish] 29/4/2024 13:30

I hope this doesn't seem rude but could you explain what point you are trying to make?

[marktime1231] 29/4/2024 12:26

Of course titanium is critical for aircraft turbine manufacture, but that is a fraction of total demand for the metal. And metal titanium is less than 5% of the use of titanium ores from mineral sands. Which are globally abundant including in the most useful rutile form in several locations in North America.

So mineral sands are a critical resource only in the sense that everything with a purpose would be critical if you didn't have any.

[mondex] 27/4/2024 17:51

Not amusing but true. Titanium is produced from TiO2 in ilmenite or rutile (from mineral sands.) Titanium is a critical metal

[marktime1231] 26/4/2024 16:47

How amusing that Energy Fuels considers pigment used in white paint and suncreen to be a critical mineral resource on a footing with Uranium.

[meanreverter] 24/4/2024 22:39

Goehring & Rozencwajg, resource-sector analysts whom I respect a lot, predict a tight uranium market over the next few years, squeezed especially by production problems at Kazatomprom. That would be good for other uranium producers such as Energy Fuels Inc.

From a wider perspective, I'm not a fan of uranium. However, in present circumstances, I won't feel the need to hurry in selling my UUUU shares if the deal with Base goes through.

[plasybryn] 24/4/2024 09:10

Bse interviewHttps://www.proactiveinvestors.co.uk/companies/news/1045990/base-resources-soars-90-on-merger-news-with-energy-fuels-to-forge-global-minerals-leader-1045990.html