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

I've done very well on these the last few months trading the technicals.

Great little company with a big future IMO

Joined the party here this morning with a couple of grands worth, as a starting punt. Long term hold imo as above says big future.

fresh out of booze at the mo, blanche. Will have to be round your place....

London presentation ont he 28th April 2010, click HERE for details and FREE registration

I got a nice rise on this one...lets hope it keeps going..

bb keep taking the tablets!

am in good profit....tablets working well in that case....:))
edit... the blue ones are my favourite....

New article and analysis

More good news here this morn. Lets hope it reflects in the sp.

Topped up here today. Nice rise, Expecting this to be my next bagger. News and results soooooon. gla......dyor

following on a free ride at the mo, certainly creeping up. :))

StockMarketWire.com
Mozambique mining group, Baobab Resources says that drilling continues to delineate substantial widths of mineralisation at the South Zone prospect with 3,500m now completed.

Drilling in the north of the South Zone prospect area has intersected a 200m wide sequence of stacked, steeply dipping, heavily mineralised packages over a strike length in excess of 300m. Mineralisation remains open along strike and at depth.

The Group says it has successfully secured a second RC drill rig to improve productivity and accelerate the drilling campaign.

Baobab's Managing Director,Ben James comments:"The results to date are beginning to reveal the greater potential of the South Zone prospect.

"Drilling currently underway in the northern portions of the area is delineating a substantially wider zone of mineralisation than anticipated that has yet to be closed off along strike and at depth."


This excellent news should kick the sp moving back up 8-)

bought into BAO on Friday at 4.17p.
I'm already in RRR from a few months ago at 2.25/2.5p so very happy with current sp level hoping that'll go much higher (imho)

Also bought some RGM on Friday.

I'm also in AAU, VOG and VGM which is now a 3.5 bagger for me...so it's all looking good at the moment!.

At 4.17p.... ?

ooops! 4.17p was for RGM (bought too early in the day, could've got lower had I waited for the afternoon!)


I got in BAO at 11.18p...nice RNS released this morning!

News just released..

Early days and SP may retrace...will buy more if the sp weakens



Baobab signs JV heads of agreement with North River
StockMarketWire.com
Baobab Resources has signed a joint venture heads of agreement with North River Resources for the Monte Muande magnetite/phosphorus, base and precious metal project in the Tete province of Mozambique.

Baobab says the JV has a four-year, three-stage investment structure:

* Stage 1 investment of $625,000 to earn a 60% interest in the project.

* Stage 2 investment to bring discoveries to pre-feasibility status to increase Project interest to 75%.

* Stage 3 investment to fund a definitive feasibility study to earn a 90% total interest in the project.

North River has the option to fund pro-rata at stages two and three to maintain its 40% interest in the project.

Baobab will assume technical management and operational responsibilities for the project.

Results just released....there's alot going on and plenty to look forward to over the next few yrs..am staying in for the LTH.....sp reating well..onwards and upwards


Outlook
Over the past 12 months the Group has developed the Tete project from a concept
to a Group flagship. While there is still a significant amount of work ahead,
the salient fundamentals of the project continue to fall into place:
- The maiden 47.7Mt Inferred Resource and 400 - 700Mt Exploration Target
exceeds perceived requirements with respect to resource scale.
- Metallurgical test work points towards the viable production of discrete,
high quality magnetite/vanadium and titanium concentrate products with
potentially significant downstream upside.
- The project is strategically located to access existing and expanding
infrastructure and complementary resources.
- Ideal partnership with the IFC for a project of this scale.
- Scout and step-out drilling outlining areas of additional resource
potential.
2010/2011 will be an exciting period for Baobab as the Group continues to drive
the Tete project towards feasibility. Investments secured during the reporting
period, in conjunction with the on-going commitment by IFC, means the Group is
fully funded to complete 2010 scout and step-out resource drilling and
metallurgical campaigns. Current market sentiment and longer term iron ore and
related metals forecasts are positive, making the bulk commodity space an
exciting arena in which to be working.
Baobab also holds a suite of enviable base and precious metal assets in its
portfolio. The Group is confident that it will be able to move them forward by
way of further institutional support and joint venture initiatives.
All mineral exploration licences are in good standing with those due for
prorogation during the reporting period extended for an additional two to five
years.

Need the sp to get through this bloody 12p and stay there!!

Yeh..see what you mean..it's fallen back already

Sector: Mining
Price: 11.8p
Market cap: 19m
Forecast net cash (m) 2.1
Forecast gearing ratio (%) N/A
Market AIM
Share price graph (p)
Company description
Baobab Resources is focused on
developing its Tete
iron-vanadium-titanium open-pit project
in central-western Mozambique. A
pre-feasibility study is expected in mid
2011.
Price performance
% 1m 3m 12m
Actual 6.8 34.3 84.3
Relative* 7.7 26.3 66.6
* % Relative to local index
Analyst
Charles Gibson
Baobab Resources (BAO)
INVESTMENT SUMMARY
Baobab's focus is the Tete Fe-Vn-Ti project close to Cahora Bassa in Mozambique. The
companys currently declared JORC resource is 47.7Mt at 25.3% Fe, which we estimate
should rise to c 340Mt at 27.3% in due course. Baobab does not intend to develop its mine
alone and is looking to take on a partner before completing a BFS. Its announcement of a 5m
equity facility leaves it funded until c FY14. Recent initiatives include negotiating a boundary
change to give it access to an area (never previously explored) showing both prominent
magnetite ridges and lower Karoo (ie coal) sediments. A recent joint venture makes it the
operator on ground that was previously very well explored indicating massive magnetite
mineralisation with no associated deleterious elements.
INDUSTRY OUTLOOK
Baobab has an EV equivalent to c US$2/t JORC iron (cf an industry average of US$3.53/t).
Pro-rata the higher resource estimate implies a share price of c 65p (49p after dilution), rising
to over 1 at the industry average rating.
Y/E Jun Revenue EBITDA PBT EPS P/E P/CF
(m) (m) (m) (p) (x) (x)
2009A 0.3 (1.5) (1.6) (1.9) N/A N/A
2010A 0.0 (2.0) (2.0) (1.4) N/A N/A
2011E 0.0 (2.1) (2.1) (1.3) N/A N/A
2012E N/A N/A N/A N/A N/A N/A
36 2