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12.5
Will drop but how low?
I still expect a good final div too
Prices still up for mins
Seems more like 250% upside. Strange
Base Resources Ltd with ticker (LON:BSE) now has a potential upside of 70.5% according to Canaccord Genuity.
https://www.***************************/base-resources-ltd-70.5-potential-upside-indicated-by-canaccord-genuity/4121109029
Highly encouraged by the interview here...let's hope it plays out and SP rises accordingly...
Price starting to move both here and in Aus now
The transcript of the investors dial in is extremely informative.
3 things that caught me eye were, the boss basically confirming Toliara is done just needs signing off, that kwale will get extended another year beyond 2024, and that those results are from a period half that usually constitutes only 40% of year sales.
Quite open about funding for Toliara and not wanting to farm out equity - I read they were looking to get funds (upfront payments) in a change for long term offtake deliveries.
I recommend any one invested here reads it too.
I agree & I'm still holding. 2024 should be game on.
Great results but lacklustre sp response, hopefully continues to trickle upwards towards ex:div date
Looking at that $44m for 6 months and, if we extrapolate that for 18 months to the (current) mine life end, and add to $60m at bank that gives us £161m marginally above current mkt cap. I'll take that ride....
Yes excellent results. Production up, ( partly due to shipping timings, partly conscious stockpiling - the levels of which are up 50%), on lower sales volumes at higher prices netting $44m for the 6 months.
Personally very pleased with the prudent third cut in dividend, which if repeated at full year will still yield approx 19%, and suggests whilst Toliaria not dotted, imminent, mgmt are diligently educating/massaging us into a reduced divvy expectation whilst still honouring paying out 'excess' cash rather than an abrupt stop.
Delighted with the results, albeit surprised at the minimal Oz SP reaction.
Record profits, bank stuffed with cash retained for Tolliara and still paying out 2c for the interim. What's not to like?
Worth staying up for....tomorrow will be a big blue day
Interim div
FY23 half-year results investor webcasts
African mineral sands producer and developer, Base Resources Limited (ASX & AIM: BSE) will host two investor and shareholder webcasts to discuss the company’s FY23 half-year results which are scheduled for release on Monday, 27 February 2023.
Quiggers; base seem to have good relations and have extended the field life twice recently, so another year extension not impossible, but ultimately it is a depleting/diminishing return/resource from that field. I personally think you are looking at this the wrong way..if you think the mine is an imminent dodo, the cash at hand and income to current expiry equals the market cap, so arguably if Toliara is a failure/no go, the worst you could expect as an investor is your money back.
If Toliara is a go, the SP appreciation will be enriching long term as will the income (dividend) stream.
Effectively, I believe this is a no lose bet, with the only consideration being that dividends will be minimised/nullified in that transitory period from one mine closing to the other opening, indeed I feel we will see that in the next, and subsequent dividends (or not). I may sound negative on BSE, I am far from. I believe that Toliara will be a golden goose, that you will have to wait patiently to pluck.
Uncertain future...License a year to run. What is the % it is not renewed...any views?
BASE RESOURCES LIMITED
121 Mining Investment Cape Town
African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) is pleased to advise that the latest company presentation, which will be delivered today at the 121 Mining Investment Conference in Cape Town, is available from the company’s website: www.baseresources.com.au.
Thanks damofarl, hope you are right either way!
Sonofyoda; IF the divvy is maintained this will reach 20p - if it doesn't, because the Toliara is go, it'll be 25p.
Greeno; I hope you are right bit don't believe it. I feel they will retain cash, so at a maximum, will maintain at last year's level with a unequivocal statement of 'rewarding shareholders' but that going forward Co's intention is to retain all cash within business to facilitate Toliara.
My (long term) view is that any reduction/ loss in dividend yield will be immediately reflected in SP appreciation, acknowledging the value realisation of Toliara progression. Either way, I think it's a win win, and despite being primarily a yield investor, I'd prefer the latter.
3c my guess
Unless they announce a further kwale mine extension, I think the earnings will be, for the most part, retained for Toliara.
In the context of bridging to the oppurtunity that Toliara is, will be happy/surprised to see 1p divvy