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Looking good for future
https://www.google.co.uk/amp/s/www.argusmedia.com/en/news/2264904-australias-base-flags-strong-demand-in-zircon-market%3famp=1
Article on Madagascar and Base resources
https://www.futuredirections.org.au/publication/mining-famine-and-infrastructure-good-news-and-bad-in-madagascar/
oldtramp; thanks for the argus link; very interesting.
Shame the rns,s do not show up on here was a good one this morning
Kwale lease extension & royalty discussions finalised
https://www.londonstockexchange.com/news-article/BSE/kwale-lease-extension-royalty-discussions-finalised/15154810
Hopefully good for a few more dividends min got credited to account this morning.
Looks like zircon market is solid and Base is mentioned in this article
https://www.argusmedia.com/en/news/2258833-longterm-supply-deficit-to-support-zr-prices
Due 29/09/21…. Not received just yet- either a time delay or is the cheque in the post?
DFS2 enhances scale and economics of the Toliara Project
Key points
• Increase in post-tax / pre-debt (real) NPV @ 10% discount rate to US$1.0 billion, measured at FID
• Average revenue to cost of sales ratio of 3.5
• Increase of LOM free cash flow by 60% to US$5.9 billion, with first 10 years averaging US$210 million pa
• Stage 2 scaled up to increase mining rates by 33% to ~25Mtpa and increasing MSP production capacity by 47%
• The increased scale of the Toliara Project is underpinned by significant increases to the Ranobe Mineral Resources and Ore Reserves estimates and the long-term supply-demand outlook for mineral sands:
o RanobeMineralResourcesestimatehasalmostdoubledto2,580Mtatanaverageheavymineralgrade of 4.3%
o RanobeOreReservesestimateincreasedto904Mtatanaverageheavymineralgradeof6.1%,a45% increase in contained heavy mineral, supporting an initial mine life of 38 years
• Stage 1 capex cost, to establish a 13Mtpa mining processing operation, has increased by 18% to US$520 million, primarily due to cost escalation
• Stage 2 capex cost increase to US$137 million due to scale up of the operation to 25Mtpa mining rate
• Annual averages (excluding first and last partial operating years):
o Productionof960ktilmenite(sulphate,****andchloride),66ktzirconand8ktrutile o RevenueofUS$317million–65%ilmenite,32%zirconand3%rutile
o OperatingcostsofUS$77millionorUS$90millionincl.a4%governmentroyalty
o Non-operatingcostsofUS$8million(community,externalaffairs,marketingetc.)
o EBITDAofUS$219million,NPATUS$152million
o FreecashflowofUS$174million
Thanks OT.
And it is a 17% divi?
Why would anyone sell today. I'm in for a few £'s
The key dates for the FY21 Full-Year Dividend are as follows:
Event Date
Ex-date Friday, 10 September 2021
Record date
Date of exchange rate used for conversion to GBP Monday, 13 September 2021
Announcement of exchange rate and dividend amount in GBP Wednesday, 15 September 2021
Payment date Wednesday, 29 September 2021
Am I right in thinking the ex-divi date for BSE tomorrow ?
Thanks for the link Troajan they forgot to mention all the cash BSE have ohh and the 20% divi for the year
Good luck mate
Released on ASX today
https://wcsecure.weblink.com.au/pdf/BSE/02417226.pdf
Bumamani PFS supports extension of Kwale mine life to mid-2024
Key outcomes
• The Bumamani PFS concludes that it is economically feasible to mine higher-grade subsets of the Bumamani and Kwale North Dune deposits concurrently with the Kwale South Dune deposit, which would extend the mine life of Kwale Operations by 7.5 months to July 2024.
• Estimated 11.4 million tonnes of material to be mined to produce an estimated 34,000 tonnes of rutile, 113,000 tonnes of ilmenite and 13,000 tonnes of zircon.
• The Bumamani PFS is a significant further forward step in achieving Base Resources’ goal of extending the mine life at Kwale, providing additional time to develop further opportunities within Kenya whilst maintaining operational continuity.
• A definitive feasibility study is now underway to improve the accuracy of project estimates.
Regular as clockwork Trojan
divi?..and there it is
https://www.proactiveinvestors.co.uk/companies/news/958950/base-resources-pleased-with--consistently-strong-performance--at-kwale-958950.html
https://www.proactiveinvestors.co.uk/companies/news/959012/base-resources-lifts-dividend-continues-to-make-progress-on-extending-mine-life-at-kwale-959012.html
7c makes the 2021 investor dividend return about 24% at this share price!
Hi Rogue, just watched your youtube bit.....good info on the suspension in Madagascar - well tracked down. I think small investors really should consider your comments regarding both how the rights were awarded, how potential land owners weren't consulted, and the road through a sensitive area. I think it will illuminate whether one should buy/hold/sell.
I do think that whilst, on the face of it, that would make progression there highly unlikely, the very reasons why it might not progress, are also the very reasons why it could. if BASE do the right thing. if they share the wealth it could generate, involve local landowners, build infrastructure not just for the extraction (of profits) but for the benefits of the local inhabitants/economy, build a road out a longer less direct, but less impactful on the environment route, they could take concerns, objections and make them into opportunities. by investing in the locals, they mat reduce the rights lifetime profits from 500 mill to 300 mill, but surely 300 mill is worth giving up 200 mill for?
to my mind, if you discount, i.e. write off Madagascar, the profits (dividends), over the remaining 3 years of Kwale plus the cash in hand are equal to its current valuation. So to me, if your not trying to turn a quick buck, at worst, you will break even, with the 'free' possibility of a Madagascan windfall. I make that low risk overall.
Announced today in Australia
Guess we will get announcement tomorrow
All looks good dividend to be paid Sept !!
https://wcsecure.weblink.com.au/pdf/BSE/02414057.pdf
Hi Rogue raider agree with your sentiment next dividend should be announced next week also with update on Madagascar
A nice and detailed analysis of Base Resources: https://www.youtube.com/watch?v=yqTfSr9EFIo
Such a wonderfully run company with big juicy dividends - but what's going on in Madagascar?
Hi Troajan should get news on next dividend payment this month usually gives the sp a boost