Myanmar Investments Share Discussion Threads

[haroonm] 28/3/2011 09:24

salam everyone..

So that's clear that SERL is worth £4.2 billion..

ok ill stop dreaming now.. loan extension expires on the 31st for sea they need a rns b4 then.. WITH DONG RAISING MONEY, COULD THEY BE THE ONES TO AQUIRE SERL.

[haroonm] 28/3/2011 09:13

A consortium consisting of PensionDanmark and PKA has signed an agreement with DONG Energy on the acquisition of 50 per cent of the Anholt offshore wind farm for a price of app. DKK 6 billion. PensionDanmark is lead investor in the consortium and will acquire a 30 per cent interest, while PKA will acquire a 20 per cent interest.

so 650m quid for 50% of a 400mw windfarm

[m1tu] 25/3/2011 09:58

bought bao. 40p

[m1tu] 25/3/2011 09:26

so on average we will get 40p for every 100mt tonne iron ore proved? then we have coal, copper etc. so for 500mt thats 200p.

40p = 68m market cap = resource value £1.8bn
120p = 136cap = resource £3.6bn

[sbp1] 24/3/2011 12:59

Fantastic article. Bring the rest of 2011 in to perspective...Why can't RRL be as transparent?

[m1tu] 24/3/2011 12:34

so for 300mt.................300 x 0.75p = 225mil market cap / 170 shares in issue = £1.32p....from 40p thats another 200% plus by end of this year.

[m1tu] 24/3/2011 12:33

Baobab Resources: Poised to reap rewards of Tete drilling in the months ahead
10:30 am by Jamie Ashcroft

The company is set for a series of resource upgrades in the coming months that may see the project's resource grow from the current 48 million tonnes of iron ore to about 300 million tonnes by July

Baobab Resources (LON:BAO) could be almost unrecognisable in just a few short months.

The AIM-listed mine developer has been very busy with the drill bit at the Tete iron ore project in Mozambique, and it is now preparing to reap the rewards of its labours.

Chief executive Ben James said the firm is set for a series of resource upgrades in the coming months that may see the project's resource grow from the current 48 million tonnes to about 300 million tonnes by July.

It has already set itself a 400-700 million tonne resource target. But for Baobab 300 million tonnes will be the magic number that pushes the Tete project into the pre-feasibility stage, but we'll come back to that later.

As well as its burgeoning scale Tete also has a lot going for it on a strategic level.

Firstly it is backed by the World Bank's International Finance Corp (IFC), which has a 15 percent direct interest in the project. The IFC's role in the project is expected to become increasingly significant later in the development cycle.
It is also important to point out that Tete could be an important project in a very significant part of the world for mine development.

"Perhaps the thing that is most important about the project is its location," James said.

Specifically James refers to the Tete project's 'strategic proximity' to existing and expanding infrastructure as well as complementary resources. He reckons these are critical issues that set the project apart from any other on the continent and perhaps globally.

So what is so special about the Tete project's location? Geologically, it is in an important province for all the steel feed commodities so the 'nearology' works.

James describes the area as an 'emerging industrial mining hub'. Geographically he said it is important because of Mozambique's position on Africa's eastern seaboard which gives it easier access to the world's principal growth markets in Asia.

"The Tete province is a premier location for mine development in Southern Africa at the moment. It will be strategically important over the next decade, this can't be underestimated," he adds.

Zooming in to look at the project itself there are also other key benefits that James believes will help boost Tete's economics.

It is north of the Zambezi river – Africa's fourth longest – which provides 'abundant, low cost' hydroelectric power. For a magnetite project like Tete, where power could represent between 30 – 40 percent of operational expenditure (opex), this could be a critical benefit.

"We are looking at negotiating tariffs that are half, if not a quarter, of what we would expect to pay in Australia or even in West Africa. That has a massive effect on financial modelling."

The second and perhaps the most important thing is that Baobab is 'slip-streaming' in behind a group of major mining firms who are already developing significant projects in the area.

The Tete project shares licence boundaries with Vale (NYSE:VALE), Riversdale (ASX:RIV) and Nippon Steel, as well as Ncondezi Coal (LON:NCCL) and Beacon Hill (LON:BHR).

So Baobab will reap the benefits of their infrastructure benefits, for example the Tete project is about 60 kilometres away from the recently developed Moatize railway hub.

"We don't have to build a 1,000 kilometre railway line through jungle-clad mountains to get to the coast and then have to build a harbour.

Sharing boundaries with VALE and Riversdale gives the company access to quality coking coal right on its doorstep.

James highlights that there's about 15 billion tonnes of coking and thermal coal, in reserves and resources, that will begin coming into production over the next 24 months. Additionally it also has Ncondezi's acreage to the East, which has about 2 billion tonnes of coal.

"There's a lot of coking coal there which gives us opportunities for adding additional value on site, through avenues such as mine-mouth pelletising or even smelting," James adds. "So there's a real opportunity here, through the access to infrastructure and complementary resources, to add as much value as we can on-site before we have to start exporting."

On the Tete project itself Baobab has been working frantically with the drill.

So far the current programme has largely focussed on the South Zone, but it will soon turn its attention to other parts of the Massamba group trend – which collectively represents the most advance part of the project.

Tete hosts two large areas of mineralization: The Massamba Group trend and the Singore area. The Massamba is made up of five distinct prospects stretched along an eight kilometre trend.

All of Baobab's current resources are at the northern end of the Massamba group, on the Chitongue Grande area, but it has still got to drill around that resource, which is open at depth and along strike.

Once the South Zone drilling has finished the rigs will move up to Chitongue before moving on to Chimbala, in the central part of the trend.

James highlights that the south zone probably accounts for around a quarter of the total tonnage potential.

On top of that Tete also has a couple of other satellite deposits, which are within 10-15 kilometres of the Massamba trend.

They include the Tengue and Ruoni deposits which James described as 'very robost ridges of nearly pure magneitite'. The company carried out an airborne magnetic survey there recently and the results are expected shortly.

"We are very confident that there is a significant tonnage sitting out there," James said. Meanwhile he said that while Singore doesn't have the same kind of tonnage potential as Massamba or the satelittes, the ore quality is substantially better than anywhere else.

"The next six months are going to be pretty frantic. We've currently got three RC rigs on site, we're waiting on two diamond rigs to pitch up. From here to pretty much the end of the year we're gonna have almost consistent newsflow."

"The South zone prospect should wrap up in the next four weeks and that work will culminate in a resource estimate that we're hoping to get out by the end of May."

"By that point the rigs will have got through most of the drilling at Chitongue Grande, we're then hoping to get a resource out for that by the end of June. Then the rigs will be going down to Chimabala, where we want to get a resource out by the end of July."

"So by the end of July we should have gone from our existing resource of around 48 million tonnes up to about 300 million tonnes, which is our trigger point to start pre-feasibility work."

Beyond that Baobab also has resource estimates pencilled in for other parts of the project, further down the calendar - notably with a Tenge/Ruoni resource slated for August and a Singore resource slated for October.

James adds: "So there's going to be a hell of a lot action going on. We're also going to have drill results coming out of Monte Muande, We'll have more drill results coming from the satellite projects at Tengue and Ruoni and hopefully from Singore.

"As well the preliminary investigation results from the coal prospects. With any bit of luck we'll be drilling at the Mundonguara copper-gold-nickel prospect. There'll be no shortage of information coming through."
So there are plenty of milestones and re-valuation triggers. Indeed in a few short months Tete could be utterly transformed - and so could Baobab.

[sbp1] 24/3/2011 11:34

Welcome to snickerdog brother to the multi mil thread and thank you for your input...It's appreciated.

Haroon, news or no news, RRL is floater...you can dump and flush but it still keeps coming back...Good strategy on SEA

[m1tu] 24/3/2011 10:51

welcome snickerdog, thanks for the shares tips, will add to my watch list.

[haroonm] 24/3/2011 10:44

ALL I WENT FOR WAS A DUMP AND FLUSH....WHATS HAPPENED GUYS.

A WARM WELCOME TO SNICKERDOG THANKS FOR THE STOCKS. PERSONALLY IM NOT LOOKING AT ANY NEW STOCKS AT THE MOMEMENT HOWEVER WILL MAKE A NOTE AS IM GONNA INVEST IN NEW COMPANIES AFTER THE END OF THE FINANCIAL YEAR, 6TH APRIL ONWARDS..AT THE MOMENT JUST STICKING TO WHAT WE KNOW..

FOR SEA HOLDERS THIS IS WHAT I THINK..NEED TO PAY ATTENTION TO THE UPCOMMING RNS AND THEN DECIDE/REEVALUATE WHAT TO DO...IF IT HITS 80P (STRONG RESISTANCE) THEN MIGHT NEED TO SELL SHORT TERM. BUT WE ARE GUESSING AT THE MO. CURRENT VALUE/MKT CAP IS 29MILLION STILL THINK ITS WAY TO CHEEP. A CLOSE ABOVE 40P OR BETWEEN 40P-45P WOULD BE GOOD.

[azhardar] 24/3/2011 10:24

I come downstair now and see australia keeping indian crowd very quite.. looks like it aus day today i want india to win so we could have nice and huge semi

[azhardar] 24/3/2011 10:03

how is india doing btw

[sbp1] 24/3/2011 10:02

A touch of SEA sickness I guess.

[snickerdog] 24/3/2011 10:01

Good luck with the thread brothers. Look at AAZ, BHR if you like undervalued Gold and Coal plays (producing, hold cash, low PE ratios). Has escaped hot PI oil money. Good summaries on recent posts on the threads.

SLE interesting too.

[azhardar] 24/3/2011 10:00

if you bought rrl on t3 then you know some thin about rrl which you should tell us..lol, i didn't want to stay behind and plus sea owes me money and im back to recover it won't wait for it to reach 1 quid..

and reason your buying rrl and im buying sea is you r putting your sea huge profit in to rrl and im putting rrl little profit in to sea thats it because we have to mve on

[haroonm] 24/3/2011 09:54

dar whats going on....your buying a stock you dont like (sea) and im buying one that i dont like(rrl) DRIVERS HAVE GONE MAD

[haroonm] 24/3/2011 09:52

sea....mm are short of stock they will try to shake soon

[haroonm] 24/3/2011 09:50

dont know why but ive bought rrl for the first time and you wont believe it its on a t+3.....madness

[m1tu] 24/3/2011 09:50

mta could be the next one, not yet though, price squeezed, positive news recently, tried to break past 4.5p 3 times before 4the time might do it, 4.7p will be official breakout, next stop 6p, dont buy yet wait for break out.

[azhardar] 24/3/2011 09:49

mitu if you remember rrl was trading at 5 or 6 p not long ago and it went up to 24 in matter of couple of weeks i don't think its not doing good need a big newsfor big bang, mind you lot of shares are in issue and that is a issue....

mitu you draged meon sea ship again im in 4th time like yourself now i hope i make somemone.. it looks like i will this time

[haroonm] 24/3/2011 09:46

remember 3 months ago regarding the story about the hare and the tortoise...

well c ya BAO. LOL only yesterday i mentioned the a rise of 9p in a day..
spb1 i like the term...DUMP & FLUSH...not herd it b4. lol lol lol


Alhamdolilah very happy with the rise...

just dissapointed india dropped yusuf p.

[sbp1] 24/3/2011 09:42

Mitu, Look like a very appetising menu. I'm in. I'm gonna sell RRL and buy more on retrace.

[m1tu] 24/3/2011 09:42

sea if flying, anyone else in there apart from me and Haroon.

[m1tu] 24/3/2011 09:42

watch out for breakout in RRL 24p plus.

[m1tu] 24/3/2011 09:42

with all the volume and news rrl not moving, could be a overhang, some large buys or sells in the background, more likely buy cause of all the positive news came thru lately.