We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks for that. Considering the much shorter view of most investors in AIM markets its unusual to look that far ahead! Hopefully the company will secure a new producing operation at one of the new sites it is in discussions for.
The share price is static because of life of mine concerns.
Yes - this is throwing off cash now and paying >10% in dividends
....but if the good times only last until 2023 then this won't be making you money overall.
I've been invested for 4yrs and have DRIP'ed 40% of my initial holding back into the company in that time, but unless they can keep expanding their resources this could turn ugly ... that is what the market is pricing
I've never understood why, with one of, if not the highest (someone correct me if I'm wrong) dividend payments out there, the share price is not alot higher? Presumably (hopefully) SP will trickle upwards over next 4 weeks prior to next divi announcement?
Good morning, slightly off topic but am hosting a webinar for companies that listed in UK in 2021. One of the three companies presenting is Pyx Resources, the 2nd largest publicly producing mineral sands company by zircon resources. To find out more about the event and register please go to
https://www.fmp-tv.co.uk/2021/11/18/2021-ipo-webinar-2nd-december-pyx-resources-artisanal-spirits-co-insig-ai/
Lets see if we get any news from AGM tomorrow
Looking good for future
https://www.google.co.uk/amp/s/www.argusmedia.com/en/news/2264904-australias-base-flags-strong-demand-in-zircon-market%3famp=1
Article on Madagascar and Base resources
https://www.futuredirections.org.au/publication/mining-famine-and-infrastructure-good-news-and-bad-in-madagascar/
oldtramp; thanks for the argus link; very interesting.
Shame the rns,s do not show up on here was a good one this morning
Kwale lease extension & royalty discussions finalised
https://www.londonstockexchange.com/news-article/BSE/kwale-lease-extension-royalty-discussions-finalised/15154810
Hopefully good for a few more dividends min got credited to account this morning.
Looks like zircon market is solid and Base is mentioned in this article
https://www.argusmedia.com/en/news/2258833-longterm-supply-deficit-to-support-zr-prices
Due 29/09/21…. Not received just yet- either a time delay or is the cheque in the post?
DFS2 enhances scale and economics of the Toliara Project
Key points
• Increase in post-tax / pre-debt (real) NPV @ 10% discount rate to US$1.0 billion, measured at FID
• Average revenue to cost of sales ratio of 3.5
• Increase of LOM free cash flow by 60% to US$5.9 billion, with first 10 years averaging US$210 million pa
• Stage 2 scaled up to increase mining rates by 33% to ~25Mtpa and increasing MSP production capacity by 47%
• The increased scale of the Toliara Project is underpinned by significant increases to the Ranobe Mineral Resources and Ore Reserves estimates and the long-term supply-demand outlook for mineral sands:
o RanobeMineralResourcesestimatehasalmostdoubledto2,580Mtatanaverageheavymineralgrade of 4.3%
o RanobeOreReservesestimateincreasedto904Mtatanaverageheavymineralgradeof6.1%,a45% increase in contained heavy mineral, supporting an initial mine life of 38 years
• Stage 1 capex cost, to establish a 13Mtpa mining processing operation, has increased by 18% to US$520 million, primarily due to cost escalation
• Stage 2 capex cost increase to US$137 million due to scale up of the operation to 25Mtpa mining rate
• Annual averages (excluding first and last partial operating years):
o Productionof960ktilmenite(sulphate,****andchloride),66ktzirconand8ktrutile o RevenueofUS$317million–65%ilmenite,32%zirconand3%rutile
o OperatingcostsofUS$77millionorUS$90millionincl.a4%governmentroyalty
o Non-operatingcostsofUS$8million(community,externalaffairs,marketingetc.)
o EBITDAofUS$219million,NPATUS$152million
o FreecashflowofUS$174million
Thanks OT.
And it is a 17% divi?
Why would anyone sell today. I'm in for a few £'s
The key dates for the FY21 Full-Year Dividend are as follows:
Event Date
Ex-date Friday, 10 September 2021
Record date
Date of exchange rate used for conversion to GBP Monday, 13 September 2021
Announcement of exchange rate and dividend amount in GBP Wednesday, 15 September 2021
Payment date Wednesday, 29 September 2021
Am I right in thinking the ex-divi date for BSE tomorrow ?
Thanks for the link Troajan they forgot to mention all the cash BSE have ohh and the 20% divi for the year
Good luck mate
Released on ASX today
https://wcsecure.weblink.com.au/pdf/BSE/02417226.pdf
Bumamani PFS supports extension of Kwale mine life to mid-2024
Key outcomes
• The Bumamani PFS concludes that it is economically feasible to mine higher-grade subsets of the Bumamani and Kwale North Dune deposits concurrently with the Kwale South Dune deposit, which would extend the mine life of Kwale Operations by 7.5 months to July 2024.
• Estimated 11.4 million tonnes of material to be mined to produce an estimated 34,000 tonnes of rutile, 113,000 tonnes of ilmenite and 13,000 tonnes of zircon.
• The Bumamani PFS is a significant further forward step in achieving Base Resources’ goal of extending the mine life at Kwale, providing additional time to develop further opportunities within Kenya whilst maintaining operational continuity.
• A definitive feasibility study is now underway to improve the accuracy of project estimates.
Regular as clockwork Trojan
divi?..and there it is
https://www.proactiveinvestors.co.uk/companies/news/958950/base-resources-pleased-with--consistently-strong-performance--at-kwale-958950.html
https://www.proactiveinvestors.co.uk/companies/news/959012/base-resources-lifts-dividend-continues-to-make-progress-on-extending-mine-life-at-kwale-959012.html