The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Crazy cheap stock. The update is too big compared to market cap.
Webcast at 11 am today
https://registrations.events/direct/OCP5249348
Thought my shares were bottom drawer until Toliara started….. great RNS. We get cash dividend and shares going forward.
Toliara is on track as a major long term cash cow
Going to sell if it get 10-11p today.
What an announcement!
Takeover by UUUU
$0.065 AUD Special Dividend.
0.026 UUUU shares per BSE share.
So that's roughly 58 Base Resources Shares for 1 UUUU share.
That's around 10 cents (USD) for each BSE share, in UUUU shares.
Happy days, and great de-risking!
Anybody seen the performance criteria for these vesting LTIP shares? With the SP being a third of what it was when they were proposed I would have thought that at least one criteria would have failed miserably.
At some point?
More like well into 2027
My mistake. Company states no interim dividend announcement.
So I presume we’ll get no dividend until Toliara is up and running? 2 years??
Zilch
Nope. The company results of today, Oz time, specifically state no dividend, to maintain cash for Toliara progression
No mention on company site but Stock events state: Base Resources Limited (BSE.LSE) has announced a dividend of GBX1.1 with an ex date of March 10, 2024 and a payment date of March 30, 2024......
Probably get confirmation this week
If history repeats, it will be declared in the last couple of days of February, with a payment date at the end of March?
Hi all,have we got a Divi due soon,if so anyone know the amount.
Trader76; agree, and what a comfortable place to be.
I believe the cash you mention will be maintained to cover that capital cost, with only a minimal dividend return of any excess (production to end / stockpile release). My 20/40/40 funding costs is based on costs to first production (income).
The latest update indicates that at 31/dec/2023, BSE has about cash of US$ 78 Million (with no Debts), and the Toliara project would require capitol of US$ 71 Millions. Even-though other existing end-of-life mines would not be able to extract any more +ve positive cash flow, I assume BSE current cash position should be enough to cover the project.
VanVan; I don't think there has been a leak, I just think many people like myself feel, that BSE are super confident it is imminent. Suggestions are of greater %'s on costs, licence fee, community fee etc, but I really don't think BSE would have been so ebullient on it's recent mine potential update/increase....I mean why would you promote such so glowingly if yiu were concerned at proposed cist increases/were trying to beat them down, if you didn't have an agreement in principle. I just feel an announcement is awaiting, for BSE and the Govt's benefit, confirmed funding arrangements.
I don't see funding as an issue (BSE recently affirmed funders remained inside), and I don't see a share raise - I do see upfront loans from their long term customers, against guaranteed future delivery, at say 10% discount to product mkt price. That way BSE cements customers with low/peppercorn loans to fund development, customers get security of long term supply, at a discount - a win win for all.
For what it's worth, I see funding of Toliaria being 20/40/40 being cash at hand/ongoing income/stockpile release, asset backed lending (ABS's) and offtake agreements respectively.
The chart does look a bit more encouraging and I wonder if news is leaking regarding progress on Fiscal Terms in Madagascar? Anyone got any thoughts. It seems quite soon after the election, but perhaps with that out of the way there is more energy to get things moving.
I note that last year we had Quarterly Activities Report issued on 24th January and then FY 23 half year results on 20th Feb.
So we might get an Update very soon.
As i mension just below. Day before on aSX was 13% rise up. Due to low volume on LSe i recon its arbitrage jump.
Is today's pandemic of piffling purchases some kind of market signal?
New year, new announcement, new (Toliara) licence?
11% on ASX today. Maybe Australians know something more ?
Great presentation. Lots of detail.
Amazing, world class financials.
Fiscal Terms - must come soon.
I’m very excited about next year.
Base Resources will host two investor briefings to discuss the outcomes from the Monazite PFS on 19 December 2023 at 8.30am and 5.00pm (AWST). The briefings will be hosted by Tim Carstens (Managing Director), Kevin Balloch (Chief Financial Officer), Stephen Hay (General Manager – Marketing) and Andre Greyling (General Manager – Growth).
The briefings will be by webcast and teleconference. Details for accessing each are below. Participants will only be able to ask questions via the teleconference line. Participants that propose using the teleconference line will need to pre-register their details using the teleconference registration URL provided below. Upon registering, participants will receive an email with their unique PIN and dial-in details so that they can join the call on the day without needing to speak to an operator.
Australia webcast and teleconference
Date: Tuesday, 19 December 2023
Time: 8.30am AWST / 11.30am AEST
Webcast URL: https://webcast.openbriefing.com/bse-mu-2023-au/
Teleconference pre-registration URL: https://registrations.events/direct/OCP60911
UK webcast and teleconference
Date: Tuesday, 19 December 2023
Time: 5.00pm AWST / 9.00am BST
Webcast URL: https://webcast.openbriefing.com/bse-mu-2023-uk/
Teleconference pre-registration URL: https://registrations.events/direct/OCP61023
Retired banker; agree re the impairment. When that hit the accounts (for land rehabilitation) I thought 2 things - 1) that they were being a responsible operator and 2) that they had rather kitchen sink the costs of restoration......I.e I think they are being conservative in overstating the costs of such.
Disagree on the dividend. Whilst BSE have always been exceptionally proactive in the importance of repaying the rewards of Investors investments, I don't see anymore, beyond a token one. The last couple of dividends, as stated by mgmt, have been tempered down by the need to preserve/build cash for Toliara, and as kwale cashflow ends, that income will be kept for Toliara. That said whilst income will drop drastically as product quality and volume drop and unit cost rises and margin falls, there may be a 'final' generous dividend, to reflect release of their stockpiled product.
All that aside, considering the recent RNS, this is a nugget of oppurtunity hidden in plain sight. Yes there will probably be a farm out/equity issue, but my in the context of the current mkt cap and the cash at bank, 10% of that pot will still enrich us all here. A link up with KMR for instance, would propel prosperity for both, and I do believe there should be consolidation to allow different mine time periods to generate the upfront cost for new prospects.
As for Toliara, within the context of these jurisdictions never rushing anything, I think it's a done deal, will happen.