Share Name Share Symbol Market Type Share ISIN Share Description
Obtala LSE:OBT London Ordinary Share GG00B4WJSD17 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 6.90p 0 01:00:00
Bid Price Offer Price High Price Low Price Open Price
6.80p 7.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 8.41 -9.93 3.46 2.0 31.0

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Date Time Title Posts
23/3/201912:12Obtala Resources 2015 onwards3,610
22/8/201809:57Buying and selling-
27/8/201620:41Obtala Resources - Agriculture, Forestry and Strategic Investments7,142
24/3/201514:20Obtala Resources Limited Ord 1P27
29/8/201421:32OBT - Truth Thread160

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Obtala Resources (OBT) Top Chat Posts

pj 1: Down 54% from the last Placing. The Co still allows false figures to be out in the Market with a forward p/e x2. It needs noting that at UKIS they inferred they could BEAT these figures LOL. They are absolutely no where near. Draw your own conclusion on that one! The chart continues to fall of a cliff. Another placing looks nailed on to me At the last Placing (at 12.5p in February)) ….''Miles Pelham, Chairman of Obtala, commented: "We are delighted with the support we have received for the Fundraising from both institutional and private shareholders.The Offer through PrimaryBid has enabled all shareholders to participate on the same terms. The funds raised will be allocated to business lines with a high ROI and will be rapidly accretive to our bottom-line. With last year's heavy-lifting of integration and rationalisation complete, management's energies will be fully focussed on delivering top and bottom line growth throughout 2018." Pelham has failed to date. Compounded by TW communicating Pelham doesn't understand the share price decline for a Company at break even. LOL 'Fool' springs to mind. IMO There is no way HSR can continue to tip this as a buy. Its one of their 10 long term losing shares in freefall.
pj 1: Gobsmacked how HSR can advise taking profits in OPTI, and recommend sh*t like this, and many others whos share price are falling of the edge of a cliff. Run your winners surely is common sense?
pj 1: scotty1 26 Jul '18 - 21:02 - 3397 of 3403 ''In ten years Obtala has never been this close to profitability, I cannot understand why the share price does not reflect this hence my purchases. Ends.'' ===================================================================================== Maybe one small reason is the totally fictitious and impossible estimates they put into the Market, only to fail by Miles (no pun intended). Reassurance was given in April at the UKIS that Market estimates were reasonable and could be beaten. They were no where near. Surely in this day and age all Directors realise how the Market hates failure...….. Maybe MP can explain simply why he allowed such fantasy figures to be published.
scotty1: This is what MP has to say . This is how Miles responds to that question: The 9 million share trade was a notional for notional swap from commons into Pref ($940,000) which is why the PDMR forms were submitted in one RNS. There’s no short-term trading or ulterior motive behind the transactions, I was facilitating a switch for a holder and am comfortable to be in the longer-term paper. Regarding sentiment, I have net added over $1.2 million of Obtala paper in the last couple of weeks which should be seen as a net positive. The Pref, although being a share, has secure features in being one of the most senior pieces of paper in our cap structure and holds deferred Pref dividends (effectively coupon like). It also has a perpetual embedded call option which it seems the bulletin boards view as it’s only feature and assume it is a simple out-of-the-money call option. This is wrong in my view, they should be priced much more akin to a convertible bond and thus hug their notional value of $350, rather than trade on the embedded call option value alone. I remain fully committed to Obtala and seeing this job through to its conclusion. I have been the largest/one of largest contributors to every raise since joining the board. I am feeling the pain as every other shareholder is but we have strong foundations and a great business. In ten years Obtala has never been this close to profitability, I cannot understand why the share price does not reflect this hence my purchases. Ends.
beeks of arabia: You could be right, the drop in the share price is certainly unpalatable. However there is precedence her - the price dropped for a year or so whilst an extremely large shareholder unwound in to an illiquid market in 2011 Hendersons, iirc.
lr2: From today's RNS amendment BC. Work out the equivalent OBT share price paid and you will be impressed with his acumen. Https://
beeks of arabia: Fascinating clubby. You sold back when OBT were <10p. Superg likewise. Best thing you ever did? What, miss a 100% increase? Do you not realise that many have made a lot of profit and moved back in as the share price has dropped, so not sure what you are here to achieve? I’d like to respond to Superg however keep him filtered, because (and I am being generous here) he is an absolute clunt. Thanks for stopping by though, always a pleasure.
seadiver: I agree with you the past is not so great... Hence the downfall of the share price. Now the company seemed to have structured itself according to the info available and the current share price looks attractive! This is my personal opinion not an advice. Please do your own research.
imjustdandy: If they list Argento in HK for say £200m then Obtala stake in Argento should hopefully be recognised in OBT share price here in London. It also takes away any need for OBT to fundraise to support Argento. That's the two benefits to OBT as I see it. We could be looking at 35p as suggested by recent broker notes once the value of Argento feeds in .
supreme mo: Before anyone beefs that this relates to another company or why have i copied the full RNS (i havent btw)... this could be relevant for us if OBT are the large seller of PRG stock.... as they could potentially realise cash for stock in one go.Share buyback programmeThe Loan will also give Paragon the option of initiating a share buyback programme if any existing shareholders wish to exit. The Board believes that the Company's stock is currently undervalued following the progress which has been made during the last 12 months, and in particular given the pending Mothae Acquisition which, if approved, may contribute significantly to Paragon's enterprise value when added to the Company's existing nearby Lemphane asset. Furthermore, having removed Lanstead from the shareholder register, re-positioned Paragon as a vertically integrated diamond company and agreed in principle the US$26 million funding package with ITGT of Dubai with minimal dilution to existing shareholders, the Board believes that the share price should be trading at significantly higher levels than it currently is and be reflective of the true value of the Company's asset portfolio.Additionally, the Board wants to ensure that the trading of its shares is orderly and that the share price is not overly volatile in the lead up to the completion of the Mothae Acquisition. The Company currently has the authority to repurchase up to 33,106,743 ordinary shares of 1p each in the Company ("Ordinary Shares"). The minimum price (excluding expenses) which the Company may pay for each Ordinary Share is 1p and the maximum price (excluding expenses) which the Company may pay for any Ordinary Share must not exceed 5% of the Company's average closing price per Ordinary Share on the London Stock Exchange for the five business days prior to the date of purchase. The Company will seek to renew its authorities to repurchase shares at the forthcoming Annual General Meeting.Paragon's Executive Chairman, Philip Falzon Sant Manduca said, "We wish to ensure that our share price more accurately reflects the growing value of the Company and if necessary the Board can now take action to ensure that the share price remains orderly. This is particularly important whilst we await completion of the Mothae Acquisition and the associated release of the ITGT funding package, so that production can commence later this year."Paragon's share price, in my opinion, should already be in double digits, and I have no doubt that it will be shortly after production commences. I am also aware that poor price action can fuel rumours and negative perceptions amongst existing and prospective investors, and I am determined that this is not going to happen whilst I am involved with Paragon. Shareholders and the market should view this short term debt facility principally as a mechanism for the Board to remove any shareholders if they wish to exit, promote positive sentiment around the share price at this important time and ensure that the Board transition the share price in a strong and proper manner during the coming weeks, thereby enabling a more efficient share price valuation to emerge."
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