Share Name Share Symbol Market Type Share ISIN Share Description
Base Resources Limited LSE:BSE London Ordinary Share AU000000BSE5 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 14.00 13.50 14.50 14.00 14.00 14.00 15,000 07:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 115.9 25.4 1.9 7.6 165

Base Resources Share Discussion Threads

Showing 126 to 146 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
2 page article in today's Shares Magazine:
Well I'm in and waiting for the project to complete, expecting the share price to double from it's entry point
Nice move last 2 days
13:29 Right sector. Right project. Right time. The Kwale Project is located 10 kilometres inland from the Kenyan coast and 50 kilometres south of Mombasa, Kenya's principal port facility. It is a highly competitive project in a sector with a significant forecast supply shortfall widely expected to emerge in the medium term. The project is well supported by existing physical infrastructure and enjoys a high level of support from the Government of Kenya as well as the local community. The Project was acquired by Base in July 2010 from Vaaldiam Mining Inc., which had spent more than $US60 million to progress the project through resource definition, government approvals and Definitive Feasibility Studies (DFS). This meant the project was well advanced and has allowed Base to fast-track the project's financing and development. Subsequent to acquiring the project, Base completed an Enhanced Definitive Feasibility Study (EDFS) in May 2011, including further drilling and resource upgrades. Project Funding Base has secured funding necessary to take Kwale through development and to positive cash flow. In July 2011, formal credit approvals were received from a syndicate of banks for US$170 million project finance facility. The finance package comprises a US$150 million senior debt facility and a US$20 million cost overrun facility. The formal loan documentation for the facilities was executed in November 2011. Following financial close, the first draw down of US$52 million was completed in November 2012. The primary equity raisings required to complete the Kwale development funding package were completed in September 2011. The capital raisings, which also provided the Company with corporate funding, comprised the following elements: ■A$140 million equity placement at A$0.55/share approved by shareholders on 31 August and completed on 2 September 2011 ■1:3 Renounceable Rights Issue at A$0.55/share completed on 16 September 2011 which raised A$22.6 million Towards the completion of the detailed design engineering stage of project implementation, a review of the capital cost estimate was completed resulting in a 14% increase over the original budget to $298 million including contingencies. In order to fund the increased capital cost estimate and ensure appropriate level of contingency was in place a A$40 million supplementary capital raising at A$0.40 per share was completed in October 2012. Off-take Arrangements Base has been able to successfully establish a portfolio of off-take agreements with quality counterparties covering 70% of projected revenue over the first 5 years of operations. These off-take agreements represent 100%, 30% and 52%of Kwale's forecast production volumes, for rutile, ilmenite and zircon respectively. Agreements are being negotiated on the basis of firm volumes (subject to annual production forecasts by Base) , with pricing derived from prevailing market prices, based an agreed price index or six monthly or quarterly price negotiations. Discussions in relation to further ilmenite and zircon sales contracts are well underway with a number of parties and further arrangements will be completed ahead of the commencement of production in the second half of 2013. Project Development The development approach being adopted for the Kwale Project is to for the project to be separated into six discrete contract packages, as well as a number of smaller owners projects, with an integrated management team overseeing their execution and integration. This approach has been adopted to ensure that "best of breed" expertise is applied to what are technically diverse and effectively separate project elements and risk is more effectively minimized and managed. The six contract packages, each covered by an EPCM contract, are: ■CP1 – Processing Plants ■CP2 – Marine Facilities ■CP3 – Power Line ■CP4 – Mukurumudzi Dam ■CP5 – Tailings Storage Facility ■CP6 – Access Road and temporary facilities
13:04 Investbx launches regional stock marketJul 6 2007 The Birmingham Post A pioneering initiative will enable unquoted businesses in the West Midlands to raise finance through a stock market. The first of two receptions aimed at introducing Investbx to prospective clients was held at its new Birmingham city centre offices last night. Investbx, an online regional share-trading facility for small and medium sized companies, will boost the economy of the West Midlands when it begins operating in the autumn, say its backers. The virtual trading platform, first of its type in the UK and one with few parallels around the world, is open for business after getting EU clearance. Investbx, an independent organisation, is based in Colmore Row, at the heart of Birmingham's financial and professional quarter. It has been set up with the help of finance from regional development agency, Advantage West Midlands. Chief executive Sue Summers said last night: "Our aim is to dismantle the financing barriers that have been stopping businesses develop and grow. High quality emerging businesses are often frustrated by difficulties as they seek to move beyond initial rounds of equity finance and bank funding. "By providing an on-line regional trading platform, combined with a local presence, we will be offering businesses a straightforward and viable route to raising growth capital, at the heart of which is the ability for investors to trade their shares." Investbx expects member companies to be able to raise up to £2 million of equity finance each through the system. "The new forum is going to play a key role in working with companies to secure their additional finance, as well as ensuring that it is cost effective for companies to participate," said Ms Summers. Investbx is being operated under a contract with accredited stockbroker The Share Centre and will bring opportunities for investors as well as businesses, according to non-executive chairman John Crabtree. "I have a passionate commitment to ensuring that the West Midlands benefits from the ideas and flair of its people and Investbx is a great example of the ingenuity and innovation which is available here," he said. "There are a growing number of investors who find their investment options increasingly remote - Investbx will directly connect local investors with local companies. "For investors in many Investbx companies, there may also be tax benefits, including reduced capital gains tax and inheritance tax liabilities. "Even in the era of globalisation, there is something special in backing thriving, ambitious local businesses." AWM deputy chief executive Mick Laverty said: "We have yet another outstanding example of the region's enterprise and ability to innovate and diversify into new sectors."
Shame about the name Investbx. I'd have preferred BrumEx or Brum-X Maybe it'll get nicknamed that anyway ;o) See also this item dated last week, in which ShareMark appears to involve itself in Brum-X (scroll to foot):
I would certainly like to know. In the sixties I worked for F.H.Finney & Co. which later merged and became Fyshe Horton Finney & Co. In those days brokers could be jobbers. We jobbed in, amongst others, Wm.Parkes(forgemasters),Slumberland,Solar Ind.,Moss Bros, and a private unquoted company Butchers Hide,Skin Fat and Wool. Of course calculators hadn't been invented then and quills were still in use!
toby tots
More than 18 months on.. did anything come of the proposed exchange? Is it still under preparation or has it died? Or is it up and running and being totally ignored by outsiders?
Budapest Stock Exchange Pharmaceuticals Sector: HUMET Trade, Research and Development Company Limited by Shares
I used to use Albert E Sharp &Co until a few year ago when I, like a lot of others moved to On-line. The old Exchange used to be in Margaret St. Is it still there? Will check it out on Monday, just out of interest. Cheers guys.
JonC - I can see it now. "3000 shares in Aston Villa? Certainly madam. Do you want fries with those?"
MTG : They all shut down I believe.
I take it Andy is vying for the catering contract.
Analyst - what happened to them all. Are some of them actually functioning or was that merely an enabling law? Where do they all get reported? The list was pre-internet age, so presumably scope for some of them to be more active in this online era.
JonC - I believe one of his kiosks has already been offered for conversion to a regional trading room.
Crikey, I remember the previous one they had back in the 50's!
Many places had an exchange in the past incl. Brum See
Should be handy for Andy Moore, Birminghams Serial Entrepreneur.
Midlands set to get stock exchange By Jim Walsh Express & Star Aug 28, 2003, 10:19:00 A regional stock exchange for West Midlands companies could be wheeling and dealing by next year as part of a planned £3 million-plus cash injection from regional development agency Advantage West Midlands. Provisionally known as the Local Business Exchange, it would list shares in Midlands firms which lack the necessary financial history or funds to list on the London Stock Exchange or the Alternative Investment Market, and help the companies to develop and expand... ...a low cost, internet-based service for both listed and private companies.. See full article at Or will Wales beat them too it? If so can someone come up with a combined Bear/Bull/Sheep logo? Will Scotland get one? Ireland already has one. I know the Channel Islands already have one (CIX). mtg
Gee..finally made it on to the news then huh. But, hey...don't worry "very small risk to publish health" and they explained it all so well on the news didn't they! Oh dear. IMHO.
So, anyway, anyone tried contacting the BBC or the New Labour party to find out why this story hasn't hit the headlines...nothing to do with the election of course; not media manipulation...naw...course not. IMHO.
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
ADVFN Advertorial
Your Recent History
Base Resou..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20201025 14:22:11