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 Shares Traded Last Trade
  0.00 0.0% 10.25 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
9.50 11.00 10.25 10.25 10.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 115.88 27.60 1.88 5.5 112
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 10.25 GBX

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Base Resources Daily Update: Base Resources Limited is listed in the Mining sector of the London Stock Exchange with ticker BSE. The last closing price for Base Resources was 10.25p.
Base Resources Limited has a 4 week average price of 9.50p and a 12 week average price of 8p.
The 1 year high share price is 14.50p while the 1 year low share price is currently 6.50p.
There are currently 1,097,268,564 shares in issue and the average daily traded volume is 29,370 shares. The market capitalisation of Base Resources Limited is £112,470,027.81.
cruxinvestor: Hi guys, here is our recent interview with Base Resources MD Tim Carstens: Everything appears to be going well, except for the share price. It is half of what it was when we spoke to them in Oct 2019. This has likely been caused by two things: 1. The high-grade, high-margin project in Kenya is coming to end of life and the returns will drop. There is a second lower-grade project commencing but will be less rewarding. They need to spend time and money on exploration and development to ensure kenya continues to contribute revenues and profit rather than just stand still 2. Uncertainty over Madagascar as a mining jurisdiction, given ongoing discussions with the government over terms on the royalty and taxes. We feel this will resolve itself and possibly by the end of the year. The financing is not yet in place for new flagship asset, Toliara, but should not be an issue, however, the cost of the finance, given the faltering start to the project, may have just gone up. Only the terms of the agreement with the madagascan govt will tell. Technically, this is a simple and relatively low capex business. Castens is a straight talker and he thinks he has a clear path towards getting Toliara into production and driving up the largely institutionally-held stock. The only thing that is uncertain is the timeline, and if Kenya can return to darling status. Let us know your thoughts!
goldguru2017: Kestrel Gold (TSX Venture Exchange symbol KGC.V) Please allow me to bring your attention to this low-market capitalisation, high potential gold/copper exploration company that has assets in the ‘Eye of the Storm’ – the White Gold Area in the Yukon, Canada. The stock is appreciating rapidly (up 75% in 2 weeks) as investors become aware of its huge potential, but it still capitalised at only GBP4.5 million. - Recently acquired acreage in one of Canadas most prolific gold areas – the ‘Eye of the Storm’ White Gold Area in the Tintina Gold Belt. - Easily accessible, excellent infrastructure, safe jurisdiction. - Sampling just finished, funded drilling programme about to commence - >100g/T Gold sample from Clear Creek – excellent potential - Peak values of 12,400 ppb Au from soil sampling on Val Jual - Relative low market cap – CDN$7.5 million (GBP4.5 million) - CEO with proven track record of growing public companies share price by multiples - Leading Canadian gold geologist, Jean Paulter, running drilling campaign - Nearby to discovered goldmines (Coffee, Golden Saddle) - Val Jual /10 Mile Creek acreage surrounded by active 2017 programs by other companies - Drilling news flow expected in next month to 6 weeks. Please do your own research on the Company before investing. Thank you for your time.
tomboyb: Share price has consolidated around these levels - hoping to see 20p+ - Debt was a major hindrance 1 year back but with commodity price improving scope to be debt free 2018 is a massive boost -
gersemi: Added a few here but I believe this one sentence defines precisely the trigger for real share price appreciation:- Debt is a cancer and eats away at a company's capital. The less the debt, the more capital (shareholder interest) accrues to the shareholder rather than the credtiors 'Debt is being paid back rapidly; having seen net debt peak at US$225m last year, it has now fallen to US$150m. At this rate, this could be completely cleared by the end of 2018, allowing returns to accrue to shareholders, not just the banks.'
celeritas: Large buy from the chairman. htTp:// Base Resources Limited (ASX & AIM: BSE) ("Base Resources") advises that on 30 November 2016 Mr Keith Spence, Base Resources' Chairman, acquired on market 500,000 Base Resources ordinary shares for total consideration of A$108,481 (an average of A$0.217 per share). Following the acquisition, Mr Spence holds 500,000 Base Resources shares in total, which are held directly.
tomboyb: LARGEST MINE IN KENYA AND FUNDED LEGENDARY INVESTOR PETER HALL TAKES 15% OF BASE RESOURCES 10TH FEB 2016 hxxp:// hxxp:// Base in great shape as it looks to the future MiningNews.Net22 Jan 2016 Base Resources has for the past 22 months worked at a frenetic pace and is, at last, coming up for air. And while managing director Tim Carstens and executive director Colin Bwye must be satisfied with the way in which the Base team brought the Kwale mineral sands project into production, and the way it is currently performing, there will be little time for self-congratulation as the company sets its focus on enhancement of its existing assets and new growth opportunities. Kwale, just 50km south of the Kenyan port of Mombasa, is a perfect example of the way in which a small Australian company can not only develop a mine, but also establish all the infrastructure for its successful operation. A sealed road to the project, its own marine terminal at Likoni port, a dam for water supply, process plants and a large mining operation – all of this done in a country that has a very limited history or tradition of mining at scale. Even better, the years of construction, development and now production spanning more than 13 million man hours have been marked by just three lost time injuries, something which pleases the Base management team just as much as the operational success that Kwale has become. The potential for injury was ever-present, as the number of people working on the $340 million project was substantial. There were nearly 2500 people working on site at peak of construction, of which nearly half – around 1000 – were from the local area. The potential for more mishaps to occur did not eventuate, despite the fact that many of those building the mine had absolutely no experience of working on an industrial construction and mine site – and, in some instances, of actually being in formal wage-paying employment. Now in operation, Base has a contingent of 650 permanent employees and there are a further 200 contractors. There are now just 40 expatriates at site and the intention is to reduce this number to just 15 over coming years. Pleasingly for Carstens, the majority of the Kenyan workforce has been sourced from surrounding villages. Apart from starting production during the recent years of turmoil and weakening commodity prices, Carstens says that one of the biggest challenges has been managing community expectations. “We see ourselves as not just building a company through building the Kwale project, we are also building an industry in Kenya with this flagship mining project, and we are going about it in a way that sets an unashamedly high benchmark for others to follow. We think this is the right thing to do but also pretty pragmatic – if we can set a high bar for every other mining project in Kenya, we won’t have to deal with the negative consequences of poor resource development on public perception.” It is a theme to which Carstens constantly returns: the importance he and Base attach to being excellent corporate citizens, with an absolute intolerance of doing anything that could potentially cause reputational damage further down the track. Apart from its primary ASX listing, Base is also listed on AIM, thanks to the high degree of understanding in London of mineral sands, and appetite for Africa. Because of this, about 20% of the company’s shares are held in Europe. Although Base has never raised money through the AIM market, “it is a much bigger universe for us over there”, and this led to the dual listing two years ago. Base has an institution-dominated register, with the top 10 holding about 80% of the stock. “Kwale has been built with the objective of transferring the business model to other assets,” Carstens said, making it clear that along with continuing to generate positive cashflow, Base would actively pursue both medium and long-term growth options. With two years of operations now complete, the remaining life of mine at Kwale – which produces ilmenite, rutile and zircon – is 10 years, assuming no new deposits are discovered. The company’s first foray into acquiring another mineral sands company, World Titanium Resources, was frustrated by the target’s three largest shareholders. This has not deterred Carstens, who added that he believed that WTR’s Toliara project in Madagascar was one of the best undeveloped mineral sands projects in the world. “We really like that project and nothing subsequent has changed that view.” Toliara and WTR aside, Carstens said that Base would look for opportunities, in most jurisdictions, to apply the company’s proven development capabilities and capacity in a measured fashion. Local exploration potential was also being evaluated however it is relatively low key at this point but will ramp up. While Base and Kwale have ticked all the boxes on the development and production timeline, it is difficult to accept the company’s share price, which has simply slipped away with commodity prices, ironically almost in line with every success the company has notched up. Carstens takes this on the chin and is focused on putting Base in the best possible position to capitalise on a future recovering market. “While the current commodity market poses challenges, it also creates opportunities for us. We have got ourselves in good shape to work through the trough, having firmly anchored Kwale high in the first quartile of producers on revenue to cash cost ratio and implemented a sensible debt repayment profile appropriate to the times. In the year ahead, we will continue to assess acquisition options that will allow us to capitalise on our capabilities and create shareholder value. Our focus is to put our foot on an asset that will be at the front of the logical development conga line when the market calls a new project forward. SHARE PRICE COLLAPSE: a seller has sold out and PETER HALL has taken 15% STAKE here 10th Feb 2016
tomboyb: It looks to me the share price was driven down from 9p to 2p to allow Hunter to take this stake - Trading very thin apart from the stake taken which looks off market - Hence could climb back with a broker target 17p Online 10k available at 2p -
Base Resources share price data is direct from the London Stock Exchange
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