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Just checked with Barclays, DIV has NOT been paid in yet.
Whom are you with ?
You should have received divi by today, there’s generally a delay on the exchange rate for a few days.
Into Oct now, still awaiting for DIV from Barclays Stockbroker
And nothing in HL today either
I thought we had a divi due today,nothing on interactive investor yet.
Ive always held these in an ISA and added on evey divi pay out.. next payment is this week and then i'll forget about them until March... Fingers crossed on the big one from Madagascar!
Nice to have the dividend in the bag but will see a drift down now till we get the go on Tol
Dont forget the 1p we got in March
16.6% dividend return at current price with 2p dividend. Which is great
The final dividend in pence will be determined by the AUS/GBP conversion rate on the 11th September
2.05p
I believe the dividend is 2,8p.
Next payment date is on 28th September, 2023 with an ex-dividend date of 8th September, 2023.
Hi all,when is the ex/dividend date and payment date,the website I use says no dividend declared for base.
This should be going 13p closer to ex Dividend date
Can see it pushing 12p next week
All buys today, hopefully the word is getting around about the divi
Things may be moving
Rio Tinto announced it has reached an agreement with the Government of Madagascar on the future fiscal arrangements for QIT Madagascar Minerals (QMM). The royalty rate will increase from 2% to 2.5% and QMM will pay its first dividend to the Government of Madagascar in 2023.
2; the base case for Base is, at worst your money back and a bit, at best, 20 years of juicy dividends AND SP appreciation.
Excellent results for the year, within a smidgeon of the preceding record year. Yes aided by strong pricing, nonetheless shouts astute mgmt of mine extensions to mine end. Guidance production for current year is a bit below 50% of 2023 and the advised lower quality product mix will impact income/unit cost but should still garner around $40m.
Dividend. Well excellent. In my opinion, I'd have preferred somewhat less, as I'm here for the long term, and the Toliara oppurtunity. That said I can't fault the mgmt focus/decision here. The proceeding dividend was less than expected and certainly less than cash balances/the current cash generation should of warranted, but mgmt quite clearly signalled, this as a conscious decision to balance rewarding shareholders whilst retaining considerable cash for Toliara, which at that time were confidently intimating was imminent. The annual report clearly shows that (due to mining code rewrite/presidential elections) this isn't imminent, hence the expired time to start, has generated another year's worth of cash presumably beyond their target, which, as they are very focused on, they are returning to us, shareholders. Also like that they seemingly are indifferent to the day to day SP, ignore buybacks, and keep it simple by returning directly to shareholders.
SP performance. Well it does gyrate somewhat, and ultimately it's progression is impacted by fears over income (mine) expiry and the costs of Toliaria - fund raise/bond issuance at elevated rates. If we take Toliaria at $700 million cost before first income, I can see that concern, yet feel it's unfounded. If we presume Kwale end, end of 2024, a back of an envelope calc says there is $93 million cash, + $40m for 2024 production, + $23m finished inventory (at cost), less $40m for this and subsequent dividend leaving $116m net.
The Toliara project suggests 2 years before first production (income). If the entire cost was raised through bonds, at 10%, BSE could sustain a 10% coupon for 18 months, on that worse case scenario( no uplift on inventory cost at sale, no mine extension etc). For a project that would take just 4 and a half years to recoup costs, but has a 34+ year mine life (27 years licence life), I don't see that they would struggle to get bonds, especially as the company's long term offtake agreements with major buyers/user's, means, as they have intimated before, they will be a factor in the capital raise (upfront loans/equity share repaid from long term preferential product delivery). If these long term customers collectively contributed or guaranteed bonds to the tune of say $200m, Base's cash would cover interest for over 2 years to production (income). The results highlight that they are ".....identifying broader funding options". I don't see a direct shareholder fundraise - they can do it without, even at elevated bond rates.
As for being a quiet board. Yes it is, and all the better for being so!
The base case for Base, is at wor
4c divided is about right- Leaving plenty of cash in the coffers.
We may see the SP dip for a while but with Madagascar news to come I’ll continue to hold & will buy more with the divi payout…
‘talks are continuing with the Madagascar government over fiscal terms for the Toliara project, which Base Resources believes is "the best undeveloped minerals sands project in the world".
I struggle to believe how under the radar this stock is.... repeatedly unreal dividends year after year.... irons in the fire for future mines.... but still absolutely zero number of chat posts.... which can actually be a good thing as no rampers or derampers squabbling with each other 😊
Very juicy DIV 20.5%
Happy days