Member Info for Peakview

I wish I could answer your question as this is becoming a personal disaster as I have been catching a falling knife for over 2 years. Its more than cuts and bruises now, but no explanation from the BOD or anyone else for dropping this before the long-awaited DFS. The sector is generally doing ok, and our resources are unbeatable for a major iron ore/pig iron producer with a long-term plan in a relatively stable part of Africa. I should really be posting a Strong Buy recommendation as this SP represents a ridiculously cheap opportunity, and those like Dukey who have just entered the fray have an amazing bargain. Still does not answer your question dor, so the long term regulars like yourself have to take a view based on mystery - and just hold the line.

is a Buy by Old Faithful!

Needs must when the devil drives - but a shame nevertheless. No need to ramp this as it is obviously closing onto endgame, and six months is nothing against 5 years of patient support. If you want to sell privately at the current price let me know.

Ok can see that. Keeping one's forecasts at a conservative level is the right approach with junior miners IMHO.

Not disputing your source of estimated range of valuations of fe etc. but I have to hand the shareholders annual report from RTZ, and their detailed assessment of volumes and forecasts in the global market - and more specifically, they pinpoint the favourable profit margin in the market to their highly cost effective operation in W. Australia @ around $50 per ton against the current global rate of $111 per ton! I read that you estimates of BAO sp are based on a resorce valuation of between $0.1 and $0.5 per ton. Obviously there are basic excavation and transport costs to work in, but we have a massive discrepancy here to the downside - or am I missing something?

A the forward timing seems to co-incide with DFS targets and other news, it would not surprise me to see BAO with JD and BJ at Mines and Money in London in early December. This is the leading annual conference for miners - especially juniors seeking funding etc. and I will attend for sure with an investors ticket.

Long-termer here jib since 09, and the two spikes since then at 55/35 were based on a lot of promise and speculation with nothing like the resources and de-risking we have had over more recent times, which is down to market impatience and an awful lot of capital being drawn out of AIM companies over the same period. I missed them both which is my fault alone, and also tried to catch the falling knife on sheer belief in BAO. As we close in on a crucial DFS in Q4, I share your same confidence - as we anticipate a detailed programme on reduced Capex, Modus Operandi on pig iron production and further detailed definitions on the quality of ore in the Tete mountain. Very relevant piece by Questor in today's DT on the state of play in the mega-mining iron ore companies where level of dividend is holding up the SP of Rio etc. importance of Chinese consumption levels etc. We can forget Rio as they took a severe hiding in Moz over faulty acquisitions of coal resources, leading to top level resignations. However, an important key to their profitability is the production of x million tonnes of ore in Western Australia at approx $50 per tonne giving them great margins on global markets at around current $111 per tonne. If we value the BAO jorced resource of approx 750 m.t. in Tete at half this price, we are looking at round valuation of $18.75 billion of ore in the ground. Lots of hoops to jump through - as you have pointed out - but the bottom line is that the family silver goes down the market tomorrow, and proceeds will be invested Monday a.m. at around 8.25p to take me a bit closer to the magical mill at a slightly reduced average!! GLA Bao investors!

We have had a long flat period with next to no news due, so this has held on well for me in spite of being way below the average and what it should be. Patience rewarded, and a little stirring today can only be good. Would top up again like you if the readies were there.

Agree with all - mewaity too! If I was not off on hols I would be joining all the shrewdies who topped up at this level yesterday. I can't wish the price down, but if it stays around this level, I will be hammering the biscuit tin on my return.

If the recent RTZ annual report is in any way accurate, their estimate of value of ore in the ground at $50 per ton makes the BAO jorced resource massively higher than 30pps Jib! I presume the RTZ estimate is based on ore available at mines that are up and running with all the infrastructure in place - even so, at say half the estimated figure, your "sick joke" reference to the sp here is about right.

to join the BAO old faithfuls club. Similar scenario to cqcombat, and chipping away at these levels for small tranches to reduce my average for the inevitable rise! IMHO!

...so what has caused this latest nose-dive today?

From your post, you are obviously nursing a few burned fingers there. Apart from the rookies, most of us here are grown-up boys who have all caught a cold at some time or other. I could also quote an instance or two on AIM companies where I have invested where the information on activities has been sparse and the original intentions of the company have been abandoned to the serious detriment of the SP. In these instances, have finally given up, taken a big hit, and moved on. I must also say that I had my chance of 4-bagging my investment and refused it, then tried to catch a falling knife - big mistake! However, I would go along with pigeons where BAO are concerned. As it stands after 4+ years, also doing my brains - but again, had two chances to bail out at substantial profit margins. Have met Ben James and JD twice at Mines & Money, and would agree that this is a knowledgeable and hard-working BOD with a very realistic vision of this company and the future in Moz. So.... you back your judgement and stick with it, even in the rough times. Put it this way - if I could have the money invested here back in play, I would re-invest the lot in BAO at the current level and hold nearly twice as many shares!

Sounds like you have backed a loser or two in your time - haven't we all? Perhaps you would care to expand on your theory - how the fleecing takes place etc. etc.?

Ok ski, I'll run with that - and gallop thereafter!

Did a very simple post a few days ago comparing value of BAO's resource in the ground with current market estimate of company value. As no-one on this board challenged it, I presume all positive investors were nodding in approval. As such, 300% on current SP as we move towards production is a woefully inadequate calculation. Major tells the story of the benign backdrop in Moz - which I have personally experienced - so what is not to like guys?

Guess your analysis has to be right trbw - but if I wasn't already in here in spades I would, after full research, make this an ENTRY point rather than an exit. In retirement myself now, and could pursue much safer options at this stage - but I see that with a favourable wind at the crucial phases ahead, this will be the investment of a lifetime.

What is it with the PIs on this share?? Is there some contagious twitch? The minute we show some acceptable and expected slight lift from rockbottom - they all run for the exit doors again. Look at the fundamentals again, show just a modest degree of patience, and let the natural recovery take its course!

Only a small slice owing to lack of funds, but had to top up last week with 10k at 7.94. That was nearly the bottom for BAO IMHO. A small show of faith when we are on the floor - but as the old lady said as she p***ed in the sea..."every little helps".

Surreal is the word - especially when these simple sums remain unchallenged. The minesite article, most usefully posted, is hugely interesting - and gives us a better grip on the reality world!