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The impairment booked in FY23 to record a net loss, masks the fact that operating results were in fact better than FY22.
So if you look at the sp chart in Aug '22 when those results were reported, I think you have a much better assessment of the true value here. I believe over the next six months we can rise back to 15-20p .... and even if the market doesn't see this value, we keep getting a 10%+ dividend !!!
Quote price shows me 8p already.
This will boom when Toliara will get green light after votes this month ;)
Dont think gov will cancel deal with BSE. New pit means money.
And another big buy order. 1billion to 2billion value of asset.
£10k.
this close to years low n that rns boom.
wonder when the crowd will show up
Thats a rather meaty rns
Any thorts what can happen if Toliara go through and after 2024 closure ?
Between 2024-26 BSE will be without revenues.
How can it affect company ?
Im jung investor and dont understand all processes.
This is it:
https://mb.cision.com/Public/22548/3877836/9f27750820c4ef3a.pdf
Sorry I supplied the URL below, but it doesn't provide the presentation
Https://www.voxmarkets.co.uk/rns/announcement/2c40747f-8156-4d63-b166-349ed88908dd/
Hi all anyone seen the presentation,I can’t open it
.......'could be expected' .......... play on words- why not say: would or should?
I'm staying in here for Toliara...fingers crossed elections go smoothly!
Indeed, at this stage , if BSE opts to return portion of cash to shareholder is step closer to "dissolve the company"
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Base Resources’ capital management policy
Consistent with Base Resources’ growth strategy, the Company seeks to provide returns to shareholders through both long-term growth in the Company’s share price and appropriate cash distributions.
Cash not required to meet the Company’s near-term growth and development requirements, or to maintain requisite balance sheet strength in light of prevailing circumstances, could be expected to be returned to shareholders.
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Trader, why would they do that? The cash will be used to develop Toliara (if the approvals come through); if not, they may use it to finance an acquisition. With Kwale finishing it's either Toliara, acquire another co., or dissolve BSE.
So, at it stands now, BSE has cash of 77M with zero debt, that is about the same as its mkcap of 127M AUS (x0.61 = about 77M US). I assume if there were no further progress on other fronts by end Q4/2023, then BSE might opt to return sizeable portion of the capital back to shareholder based on their DIV payout policy..
Now Kwale is gone, all bets are on their Toliara.
This share has basically become a free option on the Toliara Project or some magical new resources at Kwale. The share price is pretty much the cash balance in the company and the likely distributions in 2024 if Toliara doesn't happen.
If Toliara is green lighted then BSE becomes a £250m takeout target ... place your bets on how likely you think that is !
Yeah, in my ISA seemed no tax withheld as well, which was a result, partly making up for tardiness.
Had mine from barclays yesterday..... massive amount..... just about makes up for the drop in sp the last 8 months.... heres to hoping for a better finish to the year 🤞
Mine arrived yesterday with Barclords they seem to have a late payment rep with divis.
Still waiting mine with Barc, since Barc took their Div payment dates off the share account I have noticed they are getting very lax with paying dividends in a timely manner.
On Twitter this morning:-
Base Titanium congratulates the Cabinet Secretary for Mining H.E. Hon. Salim Mvurya, EGH on the lifting of the 4-year moratorium on issuance of prospecting and mining licenses.
This is an extremely positive step for the future development of Kenya’s mining sector.
Had mine from Lloyds