Myanmar Investments Share Discussion Threads

[haroonm] 13/6/2011 08:30

was this what they call a chaddi shake or a tree shake!

thats what i thought as they should have all the info..so all they need is to calculate the last drill samples, just got confused as peeps were talking 3rd quater for a resource update which dont make sence....anyway it should recover today.

on a different note i read a article as to whats happening in greece and the eurozone in the observer yesterday, FRIGHTNING!!!

[m1tu] 13/6/2011 08:23

for south zone? expecting around 100mt, so thats around 150mt in total. around 60p per calcualtion. i beleive resource update should be this or next week, coffey already got all the smaples needed for the calcualtion, im sure it wont take them more than 2 weeks to calculate. what a response to the news, which was good, gave me the opportunity to top up at 37p.

[azhardar] 13/6/2011 08:21

oooops did i say 45p i think i meant 35p
but i think it will pick up later and we might finish blue or close to previous closing price. time to sleep again

[haroonm] 13/6/2011 08:20

will the resource update be after july now????

[haroonm] 13/6/2011 08:16

amazing responce to the rns...which i thought was positive, well just have to wait for the resource update which is any day now. mitu for the tenth time remind me what the expectation is for the south zone. thanks

[azhardar] 13/6/2011 07:47

mitu i think they still waiting for atleast 25 holes results they might have got them but they yet to tell market which could be any time soon.

[m1tu] 13/6/2011 07:39

coffey got all the results now, and calcuating the rsults, jorc could be this week.

[m1tu] 13/6/2011 07:30

Good rns, 10 rigs? thats lot of drilling, lots of tonnage, lots of results, lots of money.

[azhardar] 13/6/2011 07:26

morning guys
I was expecting this rns today anyway nice one 10 rigs drilling and more will be deployed soon so like ben said news flow will be very strong, almost all the areas are being drilled and its not longe before we hear how much we got iron ore in south zone.

the one things i like most in this rns is that ben said we should expect strong news flow and we are the most busiest company in the reagion and on top of that we stared testing and sampling to assess the direct shipping ore (DSO) , gold copper and nickle is icing on the cake which is due to kick off soon..

i expect share price to reach 45p today i could be more. good luck for today
and mitu waiting for your views about todays rns

[munaf26] 13/6/2011 07:14

RNS Number : 2823I
Baobab Resources PLC
13 June 2011






BAOBAB RESOURCES Plc

EXPLORATION UPDATE

13th JUNE 2011



Baobab Resources plc ('Baobab' or the 'Company'), the iron ore, base and precious metals explorer with a portfolio of mineral projects in Mozambique, is pleased to present an update on the exploration activities currently underway at its Tete and Muande projects.

Summary:

• The South Zone iron/vanadium/titanium prospect resource drilling programme has been completed with consultants, Coffey Mining Pty Ltd, currently working on a resource estimate.

• The drilling fleet has been expanded to four reverse circulation (RC) rigs and two diamond rigs with an additional RC rig and three further diamond rigs in transit to Mozambique. Most rigs are being deployed at the Company's Tete and Muande projects:

§ At Tete, two RC rigs have commenced drilling the extensions to the Chitongue Grande resource and two RC rigs and a diamond rig have commenced drilling the Tenge-Ruoni prospect.

§ Diamond drilling has commenced at the Monte Muande magnetite/phosphate deposit. A sampling programme has also been established to assess the direct shipping ore (DSO) potential of the eluvial material.

§ Drilling is also due to commence at Mundonguara, testing both copper, nickel and gold targets.

Mr Ben James, Baobab's Managing Director, said: "Baobab is gearing up for a highly productive second half to 2011. With 10 rigs in operation, the company will be amongst the busiest explorers in the region. As results come to hand we should expect a strong flow of news, including resource statements, through Q3 and Q4 leading to the commencement of a Pre-Feasibility Study at Tete in Q4."

[haroonm] 11/6/2011 12:36

i will not be attending the sea egm (Extraordinary General Meeting) as there will be no announcements and not much in the way of q&a afterwards. this meeting is only held to pass the resolution/vote and after that happens the document are processed and the money will be banked. A agm (Annual general meeting) will be held in mid july were a business plan is likely to be released and discussed. I have already voted and submitted it via tdwaterhouse website under eservices/votes. As for throwing my dr martins i will resist it until the agm as its my last pair and ive ordered new ones, hopefully my new pair will arrive by then, its a good way of breaking new shoes, try it yourselves throw it at painter or taggart the next time you see them.

[haroonm] 10/6/2011 15:06

right of to work......hopefully we will have a strong finish into the close.

[m1tu] 10/6/2011 11:21

tried buying bao, cant buy any. only 1k worth.

[haroonm] 10/6/2011 08:37

just need it to close positive/blue even if it is 1 pence up..however 34p close today will be great.

also would be nice if bao got to 40p today before the rns hopefully next week....

[m1tu] 10/6/2011 08:32

sea doing well today, drop was overdone. should be back over 40p, bao turn next week.

[haroonm] 10/6/2011 07:22

mitu....lol

i think i need to go in one now!

[azhardar] 10/6/2011 02:13

THERE IS BAOBAB OIL TOO...

[m1tu] 10/6/2011 00:49

if bao doesnt do well then their baobab mental institution will come in handy. i dont think those baobab has got anything to do with mining baobab in mozambique.

[haroonm] 09/6/2011 23:49

earally i found baobab portland cement based in mauritias however i dont think they are related to bao as nothing in there statements or half yearly reports. maybe mitu knows... also there is a baobab church and a baobab hotel and a mental asylum, im positive those are definately not subsideries of bao. good night

[haroonm] 09/6/2011 23:20

i suggest people read the agm circular which explains in detail the directions..a lot of guys think this will go down to 18-20p maybe it will there is no certainty before the agm. i could come out tomorrow with a healthy profit of 100% however i am going to stay put as i feel it is not as bad as people have made it to be. let it go down to 20p or even 10p and then what are people gonna do.. sooner than later it has to realise its value and you just have to sit back and wait for that time. to be honest if it goes down to 20p ill be the first to buy at that level. good luck

ps. i expect some sort of rns re. contract with seamarine before the agm!

[azhardar] 09/6/2011 14:14

if sea directors can come out with how they gona spend this money then there is chance but you know most of traders they don't want to hang around for long and if they directors delay every thing like they did before then traders and some investors will sell and move on to some where else, but as you know being AIM stock any thing is possible, up down boom crash, burst these are the tings we see every day and we have to live with it....

now off to shower and yhen to work soon

some one saying bao rns tomorrow lets see and gud luck

[m1tu] 09/6/2011 13:36

i bought sea at 39p. beleive sea will be back to 45p. thats what the fundamental says. waiting patiently for bao jorc, due anytime soon.

[azhardar] 09/6/2011 13:27

hi guys looks like good day today bao and bem picking up. it could be start to wards up after long downwards trend and it feels good to see blue after a long time i hope and wish it stayes like this. bao news as you all know should be any time.......... mitu did you buy some sea? and haroon instead of taking out you anger on poor chaudry you should go and do 5 rounds if you dont have 5 rounder turn then i can give you one and dont worry im sure bao won't let us down........

and make sure you check if directors are not also wearing dr. martins

[m1tu] 09/6/2011 12:38

MM wins is lowering the sea price. probably working for somebody. should stop soon. then bounce back.

[haroonm] 09/6/2011 12:02

only a slap!!! im taking a donnar with me so i can chuck it over his head....maybe not ill just chuck the salad!.