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

I don't hold any of these currently, but here's today's News:

Baobab draws down £1.02m under equity line facility
[FromStockMarketWire.com]
Baobab Resources has drawn down £1,023,000 of its £17m equity line facility with Dutchess Opportunity Cayman Fund.

The funds will be used to accelerate certain aspects of the definitive feasibility study of the company's flagship pig iron project at Tete in Mozambique and following this drawdown the outstanding balance of the ELF will be £13,825,800.

Under terms of the ELF, the company has allotted, conditional on admission, 7,135,526 ordinary shares to Dutchess at a price of 15.25p apiece. This price is calculated by a formula under the terms of the ELF based on the prevailing market price between 7 December and 27 December.

Looks like it could well pull back to around 15p then!

Easy Up easy down after a double top

Volatile alright that is BAO all along

the 50% Fibonacci retracement is around the 17.375p

stop being such a pathetically psychotic and abusive idiot.
all it does is display your own sad and twisted mentality.

try sticking to the useful bits like the pretty pix with intelligent comment

I love when you are angry it shows you ARS- is itching, your brain gets in fire ......

..... and your mouth just gets bigger and bigger >>>> BIG MOUTH

i couldn't possibly get angry with you
you're just a sad and pathetic individual, but that does not mean you aren't a complete and utter bore

magic joe,

could you please refrain from personal insults etc. that goes for all on thei and any other thread - keep to topic please.

Ian

All the traders out this morn i see. Normal service is resumed. 8-) On gr8t volumes as well.

"normal service" is south! :-)

and isn't beautifully quiet and peaceful suddenly :-)

re - cynic - 31 Dec 2012 10:36 - 229 of 262
profit now taken at 25.75 :-)

the no sell no profit, now it sounds too early, just like so may false pretences on the past .....I would take a short ( and share price just rise , rise and rise )

What a live for some, it is just fun for me to see day after day the post over here

be careful ..... you've already had one shot across the bows ..... make sure you don't get one next below the waterline (won't be for the first time i'm sure), especially if you make unfounded aspersions as to my integrity

as it is, i am more than happy with my previous decision and with that taken subsequently ....... old adage; no one ever went broke banking a profit

my "muppet sale" at 25.75 looks to have been quite a smart move as stale bulls now move out (sp = 20) ...... if there is more news to come in the next few weeks (i think there may be), then the brave may wish to buy back in before that - and equally sell before the news

Mr Cynic - You say if there is more news ??
I do not yet know why it went up in the first place
I think there was no news then ??

Old adage - what goes up must come down

I am keeping well clear - had enough disasters last yearl

i really keep an eye on this one because i know Number2 Son has an interest, though yes i did indeed make a very nice turn a few weeks - even if a certain buffoon did decide to call me a liar for no good reason at all

For all to see and digest >>>>>> take it with a pinch of salt


the liar ( post 267 says ) can not sleep at night it seems, so .....

has to tell stories to the growing up son to go to sleep too

After the large rise lately, had a 38.2% Fibonacci retracement and now is bouncing back.

MJ - suppress your natural instincts and stop showing yourself to the world as being the total pratt that you indeed seem to be - you really are very dull indeed .... try sticking to your pretty and sometimes useful charts and comment

===================

my sale at 25.75 looks to have been most fortunate - i would never say skillful with regard to my trading activities ..... in the light of MJ's chart, shall contemplate buying back in, for i'm sure Number2 Son had info that there was some news due about month end - shall check with him, but he's currently in CA so won't hear for several hours

Number2 Son up ridiculously early by the looks of it (jet lag he says) ....... he says ......

"Meant to be 2 resource upgrades and release of pre-feasibility study for mining operation before a big industry event on 4th february"

no guarantee that that will prove to be the case

have you become STUPID or you were born STUPID ( pay back with names )

We are here to talk business but it seems you think you are in " FACEBOOK "

Talking about your family all the time

Background >>>>>>>>>>>>> My father is from Poland

religion >>>>>>>>>>> I am a jew

I got .... son1 and son2

Strange but I do not care ... nothing about women

etc,,, etc,,,

BTW , get the masage, stop taking advantage of the other posters knowledge as usual and admited in a better way