african minerals appears to be upping its stake - possible takeover / offer?

I lied....chickened out and took profit this morning but see it recovered this pm. So looks pretty solid, will buy back soon.,.

i sold loads of stuff this morning but bought back quite a bit as the day wore on - generally for less than sold by good luck ...... tempted again by BAO, but did not take the plunge - yet

Hell of a story brewing here med to long term!! 8-)

for sure Number2 Son is deep in lust with this one

0nly sold 50% so will be back blanche. Like rf bought a few rkh, hoil and EO. and NPE sold amer and for time being blvn.

Not been about today so missed all the fun. Thank god. lol This will fly again on the next bit of news me thinks. sooooooooooon

Hi all, just bought into BAO over the past 2 months and hold around 50,000 shares. What price do people think a resource update showing the estimated 400m to 700m tonnes would do to the price...60p / 70p or more???

on the back of strong markets (long may they hold) am now back in again even if at rather too much (34)

Grrrreat news, what a bonus. 40p coming soooooooon! 8-)

Baobab has released its independent consultant Coffeys assessment of the Exploration Target at its Monte Muande magnetite/phosphorus joint venture project, which is 203-250Mt at a grade of up to 15% (cf our estimate of c 220Mt [55%] at a grade of c 20% Fe). However, Coffeys assessment only considered mineralisation to a depth of 40m (the limit of previous drilling) and it notes that it is reasonable to assume that deeper drilling will encounter further mineralisation. It also indicates an upper 7% grade limit for phosphate rock (where 1% phosphate is approximately the equivalent to 1% Fe in value), suggesting that a combined magnetite/phosphate operation may be viable. Finally, it highlights the existence of 3-5Mt of eluvial material (grade 45-55% Fe), which could potentially be upgraded to a direct shipping ore (DSO) product to provide early positive cash flows in any subsequent development.
Baobab does not intend to develop its mine alone and is looking for a partner before completing a BFS. At 25.75p, it has an EV equivalent to c US$5.12/t JORC iron. Pro-rata, the higher resource valued at the industry average valuation implies a share price in excess of 1"

50p coming sooooooooooooon!! 8-)

Spectacular!!!!!!!!!!!! As Ben james says. Cynic hope you didn`t sell out on the last little dip. 8-) 50p coming!!

no i didn't ..... i tried to buy some more the other day, but could not get at the price i wanted, but have enough

Couple of pence here and there isn`t gonna make much of a difference when its a pound +. Just waiting for another 5 grands worth of funds to free up this week, then another top up for me 8-)

What a fantastic stock, I'm up 41% this month alone, tiz in my Sipp.
50p next call?!!

Keeps on rising......looks like a mine, with early cash flow perhaps, and that always sends shares up....might jump not by one penny but in 5 to 10p a go if the steady rise continues...and it looks as if it will....

there's a danger that we (the lemmings) get totally carried away by the hype

Cynic, Once we get more jorc news, which isn`t to far away. It will all be fact not hype...... I personally think we could be looking at 1.00+ here at some stage. aimvho..dyor

yes, except that bao cannot afford to develop it, so they'll have to sell at least part of the biz in one guise or another ..... it must also be several years before production comes on stream

cynic do you mean this is a pie and gravy tomorrow share?