Base Resources Share Discussion Threads

[modform] 08/11/2016 12:19

Well done Tom,I have been looking for a Titanium ore producer for a while and the only company I knew was KMR, so I got some a while ago. I knew BSE but I thought it was only listed on Australian exchange, so I took SB on it a while ago. Last week I noticed that it's also listed on aim, so I have been trying to build a decent position here but it's so illiquid because of free float

[tomboyb] 08/11/2016 08:47

rns -

Pacific Road Capital almost up to 23% -

[tomboyb] 25/10/2016 08:40

proactiveinvestors.co.uk/companies/stocktube/6190/base-resources-to-cash-in-as-ilmenite-price-rallies-6190.html

Base Resources to cash in as Ilmenite price rallies

[tomboyb] 22/10/2016 13:41

62 posts -

i Think I've posted around 60 of them -

Peter Hall is a great investor and one to follow - Most of his stock acquired below 2p - Great foresight -

[tomboyb] 20/10/2016 14:35

Up again -

Where is all the stock? 15k max at 13.48p -

[tomboyb] 20/10/2016 14:26

up 15% now -

Followed a major investor and this has almost 10 bagged -

[tomboyb] 20/10/2016 09:10

15k max at 12.98p -

Clearly hardly any stock around -

ASX around the same -

[tomboyb] 20/10/2016 08:02

Now bidding 11.5p!

Back to 15p at this rate -

[tomboyb] 18/10/2016 10:29

75k on offer but they want the full 11.5p -

tommyboyB -

[tomboyb] 13/10/2016 16:19

11p hit smashed it!

From 1.625p now 11p on the ask -

[tomboyb] 11/10/2016 07:36

should break past 10p -

[tomboyb] 25/7/2016 13:02

Peter Hall took a stake initially around 1.5p -

We hit 10p this month - If confidence increase we could hit it again

[tomboyb] 25/7/2016 12:59

[...]

Base Resources Ltd cautiously optimistic about mineral sands recovery
Thursday, July 21, 2016 by Proactive Investors

Base Resources Ltd cautiously optimistic about mineral sands recovery
Base Resources Ltd's (ASX:BSE, LON:BSE) managing director, Tim Carstens, said that the company has built an absolutely first rate operation at its flagship asset, the Kwale mineral sands mine in Kenya.

“We’ve got the place absolutely humming.”

It’s low cost, it has a balanced range of products across the mineral sands suite, and it has customers that want to buy.

Against that backdrop Base has been able to put ilmenite prices up recently, and is likely to be able to do so again before too long.

But if that all sounds too good to be true, it hasn’t come easy. When Base first put its development plans for Kwale in place mineral sands prices were forecast to rise and keep on rising.

Instead, they dropped into a death spiral about a year before Kwale came into production, from which they’re only just beginning to recover.

What kept Base alive was the quality of Kwale itself, which at the last count, for the quarter to June 2016 was able to produce product at a cost of US$82 per tonne for onward sale at US$208 per tonne.

Useful margins indeed, and the fundamental reason why during the last period for which accounts are available, for the six months to December 2015, Kwale earned the company nearly US$30 mln before interest, tax and accounting charges.

“The thing that underpins us,” continues Carstens, “is that we have one of the best mineral sands deposits in the world.”

It has taken investors some time to cotton on, however, as the wider storms in the mining equities markets and in mineral sands in particular, have rather taken the shine off the Kwale operation. Until now.

Since February 2016 Base’s shares have risen nearly sixfold as mining markets in general have recovered and as the read-across into the mineral sands space has become obvious.

“Last year,” says Carstens, “it all started to bite. We saw the price falls starting to compromise viability across the sector. We saw significant volume reductions coming out of China and Russia.”

That meant there was less supply to go round. But demand was still in place, albeit that it’s seasonal across the northern hemisphere summer.

“With the end use of our products being ubiquitous in everyday life, demand can’t just fall off a cliff,” continues Carstens. Instead, he argues that what has mattered has been the amount of time it’s taken previously built up inventories to work their way through the system.”

And, after a long period of pain, it seems the inventories are now largely gone in the TiO2 supply chain. Increased demand is once again likely to mean increased prices, an effect that’s already evident with Base’s own product suite.

“We’ve been successful in pushing through price rises for our ilmenite,” says Carstens. And although US$15 per tonne may not sound like much, when its applied to Base’s overall output of 450,000 tonnes, it adds up to a significant amount. US$6 mln, in fact.

The primary market for ilmenite is in paint pigment, and demand for paint pigment is fairly correlated to global GDP. That’s currently in growth mode - in spite of the Brexit chaos - and with the US in reasonable shape and China still on the march, is likely to continue to that way.

That bodes well for Kwale, which as it stands boasts a nine year mine life, but which may yet turn out to have capacity to produce for much longer than that.

But Carstens is a cautious man. He’s been through one unexpected mineral sands bear market and if the worst effects now appear to be over, he’s not about to call a recovery too soon.

“We call the market as it is,” he says. “If we can see this momentum continuing through the Northern hemisphere winter then one might be prepared to say we’re through it.”

[tomboyb] 25/7/2016 10:09

Although bidding 7p MMs offering a premium to sell -

Blue on the ASX -

[tomboyb] 12/7/2016 08:14

Blue start again -

MMs bidding at 9p for stock -

[apfindley] 11/7/2016 15:00

sorry tomboy. its still quiet though.
im trying to entice you to another board so youre not lonely..

meanwhile, take a look at GWMO Great Western...
HIGH Levels Of copper-gold Mineralisation























GWMO


.

[tomboyb] 11/7/2016 09:00

I think you've just broken my mold Apfindley -

I was hoping 50 posts to set some sort of record -

5k available at 10p - !!

Some very good investors here -

[apfindley] 11/7/2016 08:57

TomboySee a bit quiet here.Come and join us on GWMO if you can get a quote before the rerating.

[tomboyb] 11/7/2016 08:55

10p on offer -

47 posts on BSE - ALL by me!!!

[tomboyb] 11/7/2016 08:09

1k online max?

Crikey -

[tomboyb] 11/7/2016 07:57

could be in double figures by the end of the day -

[tomboyb] 11/7/2016 07:55

Up 42% on the asx -

Up 20% on the LSE and could go much higher -

[tomboyb] 08/7/2016 08:03

Good update and blue on the ASX -

[tomboyb] 05/7/2016 09:21

BSE is still climbing -

Completely unnoticed on ADVFN by a 300%er already -

Worth keeping an eye on ASX AS WELL -

[tomboyb] 06/6/2016 14:57

41 posts now -

All by lonely o'l me -