The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
£6M MCAP with order pipeline near £120M - wakey wakey!
Can you post the whole article pls?
http://minesite.com/news/baobab-targets-middle-eastern-markets-as-feasibility-work-at-tete-continues
I've not had a response, I've not bothered chasing to be honest over the two weeks. Value has to return, I've got the cash circa £25k ready to top up, its just a case of when. The SP seems to be following the trend of 2012. It seems to hold steady for a good long period, then drops before shooting back. So my guess is that the bottom will be in the region of 7 to 7.5p. Chin up guys, I am at a large loss, but still confident we will return to a healthy SP
Would they really let BAO fail? They will take a stake in BAO is my guess and it will be a consortium of organisations taking us to production. Regarding transport again this will be all sorted and news can't be far off some type of agreement in principle for rail allocation. Mozambique’s Mining Resources Minister, Esperança Bias said in parliament in Maputo that the country’s mining sector continued to expand at a rapid rate creating more jobs and opening up to new businesses, according to Mozambican news agency AIM. “In the last few years we have carried out a number of surveys of mining resources in Mozambique and we have discovered large mineral deposits namely graphite and iron,” he said. Bias said that coals exports from Tete province in 2014 would total around 6.5 million tons. In 2012 the country exported 3.8 million tons of coal worth US$370 million. The minister said that so far seven coal concessions had been granted in Tete and that the companies operating in the area were working to create ways of transporting 11 million tons of coal per year to Mozambique’s ports starting in 2015, which will increase to 13 million tons in 2016 and 18 million tons in 2017. Bias said that coal mining companies in Tete had made a significant contribution to job creation and to creation of small and medium-sized companies in Mozambique.(macauhub/MZ)
The analysis of the final report on construction of a new airport in the city of Tete to replace the current one in Chingodzi has entered its final stages, the Mozambican Minister for Transport and Communications, Gabriel Muthisse said in the city. The ministers aid that the new airport would start operating in 2023 when mining would reach the area of the current aerodrome and that this plan needed to be aligned with growth of air transport in the region. Tete airport was able to start receiving regional traffic in 2010 following an investment to separate domestic and regional traffic, as well as to create areas for the Customs, Immigration and Health services. With this in mind a memorandum of intentions was signed in 2010 by the Mozambican government and Anglo-Australian group Rio Tinto, and since then a study has been carried out to identify the location to build the new airport. The Minister also said that the new Nacala International Airport would have the minimum required conditions to start operating in August of this year and that the cargo terminal and fire station would be finished in the first quarter of 2015. The project for Nacala International Airport includes all the necessary facilities to receive aircraft up to he size of a Boeing 747-400 or its equivalent Airbus-340 in civil, domestic, regional and intercontinental operation at night and during the day and with capacity to deal with 500,000 passengers per year. (macauhub/MZ)
No nothing, I've sent three emails over the last 5 weeks and nothing back. I do know one member did get a reply but nothing sigificant
Empirical - i think you are greatly over doing it - "managed abysmally and the project is in disarray" come on you can't be serious! They are done a gret job sticking to the timetable, we experienced huge diluation, Redbird and IFS are throwing money at this, yes the CAPEX needs to be funded but the project is hugely de-risked, the one big risk is funding. If there were several high risk areas then a may agree with your words, but this certainly isn't the case!
Not panicked but just de-risked some, when it turns I will be the first back in helping it climb to dizzy heights by buying in big lumps
At least we have volume!
I have just sent JD and BJ a not so pleasant email - comms gone poor, hiding info in the media Interview and they need to get out there and get PI's on board. The saving grace here is that JD has a lot shares in BAO!!! I will continue to fight the corner! My sell of some shares doesn't affect my passion or appetite to see BAO succeed as I still have lots inhere!
Don't history tells me when I sell shares go BOOOM!
Sold SOME NOT all!
I've taken a chuck out now but will look to reinvest +£20k again, still just have over £25k in. Helps offset my CGT anyway from my LGO win!
Well lots of buying but it won't tick up! If those were sells we would be another 10% down!
Interestingly Redbird have only exercised Tranche 3, so they have options at 20p and 15p - will they exercise them now to boast the SP and provide confidence? From Strategic Investment RNS § Redbird to be granted one option to subscribe for an additional share at an exercise price of 20 pence for each Placing Share, expiring at 5.00pm on 30 June 2016 (the 'Placing Options'). On the discretionary exercising of the Placing Options, a further £1,000,000 will be raised. § The Company will conditionally place with Redbird, subject to shareholder and regulatory approval, a further 8,500,000 Ordinary Shares in the Company (the 'Conditional Placing Shares') at a price of 15 pence per share to raise a further £1,275,000 before expenses (the 'Conditional Placing'). § Redbird will, subject to shareholder and regulatory approval, also be granted one option to subscribe for an additional share at an exercise price of 20 pence for each Conditional Placing Share, expiring at 5.00pm on 30 June 2016 (the 'Conditional Placing Options'). On the discretionary exercising of the Conditional Placing Options, a further £1,700,000 will be raised. § Redbird will, subject to shareholder and regulatory approval, also be granted a conditional placement of options to subscribe of up to 27,000,000 Ordinary Shares (the 'Third Tranche Options') at an exercise price per Ordinary Share equal to 105% of the volume - weighted average price for the five consecutive trading days immediately prior to the date of exercise. The Third Tranche Options are exercisable in whole or in part multiples of 500,000 from the date of issue until 5.00pm on the first anniversary of the issue of the Third Tranche Options.
Still don't understand your point! Still don't understand why your comments are always negative! Yet another strange poster!
Peak - here here! Don't quite understand the motive
I run huge multi million pound projects and you keep all options open so that you do not close an possible avenue too early when there is no need too. Ben has always banged on about scalability and why wouldn't you look at the option of a smaller start up now, scaling up later? If I was looking to invest i would ask the question about scaling and phasing my CAPEX commitment, it is certainly the trend in my business as companies look to control cash and de-risk investment. Its better you do it now and not have to reinvestigate the option later and therefore delay things further.
Some big trades just gone through might be rollover or transfers