The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Ive been in BSE for a few years, and I occassionally top up, adding a few more today. The divi is fab- just hope it continues!
I agree, sp moving up nicely today, 16p by divvy announcement end of month imo. Based on latest production numbers and cash position I believe dividend will be maintained (perhaps slight increase). We will soon know...
Certainly the latest ratings look very promising
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Date Broker name View Closing price Old price target New price target Broker change
24-Jan-23 Berenberg Bank Buy 12.75p 35.00p 36.00p Reiteration
24-Jan-23 Peel Hunt Limited Buy 12.75p - 24.00p Reiteration
24-Jan-23 Canaccord Genuity Buy 12.75p 50.00p 50.00p Reiteration
25-Oct-22 Berenberg Bank Buy 14.50p 35.00p 35.00p Reiteration
The cash in hand is great, and combined with income until mine expiry is greater than mkt cap, never a bad place to be as an investor.
The current SP drift down may just be the annual lull before divvy announcements, but I feel it could be more, and the sell off by a long term substantial holder supports such.
I'm a fan, with no intention of selling believing in the long term as I do, but it's that belief that tells me there will be no juicy divvy this time, and if one at all, a minimal one, to preserve/build cash reserves for Toliara, to bridge the gap between current mine end, and no income, to the costs of bringing that to fruition. I hope I'm wrong,
If you are here for the medium/long term I don't see that as a problem (nay desirable). Obviously if BSE is a trade/income yielder for you, you will feel differently - and I think the SP short term will reflect such.
As at 31 December 2021, the Company had net cash of US$37.1 m
Extra $23M
Looks good for interim
Up $5M since june 22
https://wcsecure.weblink.com.au/pdf/BSE/02623378.pdf
https://baseresources.com.au/investors/
a potential interim DIV during March in the horizon ?
"...Cash at the end of December was US$60.2mln with no debt..."
https://www.proactiveinvestors.co.uk/companies/news/1004146/base-resources-reiterates-2023-production-guidance-1004146.html
KMR update today worth a read
Expecting good BSE results
Try
https://www.chemanalyst.com/Pricing-data/titanium-dioxide-52#:~:text=The%20FOB%20Tianjin%20discussions%20for,year%20high%20crude%20oil%20prices.
Also,
https://tradingeconomics.com/commodities
These are for TiO2, the end product from the minerals rutile & ilmenite.
Does anyone have a link for current market prices for rutile etc? I had a cursory look yesterday and could only find subscription based provision, albeit the little nuggets i did find suggest BSE's minerals price is continuing it's upwards trajectory which if quantifiable bodes well.
And up further today..... 20p by end of Feb anyone?
To 2023
Above 13p and rising
15p maybe 16p by the ex::div date...
Was thinking of adding here but there's another big seller reducing their holding. The second within a month, makes me a little wary.
Well that link didn’t work!! Oh well
Weird- I read that RNS is n VOX markets, nothing reported in LSE??!
BASE RESOURCES LIMITED - Acquisition of shares by Director #BSE https://www.**********.co.uk/rns/announcement/b1521db9-b34c-4862-bc1e-be4b0d68c6a4 #********** undefined
Almost 100,000 Aus dollars.
Not pocket change.
Will start. Buying in Jan
15p by Feb
A day of just buys, don't see that very often!
Happy with this as an entry level about 10 yrs since i last owned BSE shares
I thought most information is out there already- current mine has 2 years life and major investment required for Madagascar….. 10p next- crazy days.
Marineclark,
https://wcsecure.weblink.com.au/pdf/BSE/02603204.pdf
The above presentation given at the AGM shows the business case for investment. There are 2 major considerations:
What happens after the Bumamani mine is exhausted at the end of 2024 & when /if fiscal terms are agreed for the Toliara prospect in Madagascar. The latter is the most important consideration as it would increase BSE's value, EPS & SP significantly. BSE has no debt & currently offers annual divi's of >26%