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

Balerboy,

Happy days nearly got yer 30p. The dog wagged its tail 8-) I fully predict that you will be in profit next week.

Cynic,

This is both a short and a long term play. Short term with several nice pieces of news to come out very soon this rally still has a way to go. There's much more substance to this rally than the last time they got to 50p. Long term leaving three quarters of my holding here until they go into production 3- 4 years down the road. gl

P.s If they dont get bought out before.

Happy days indeed blanche, have a good weekend. Cyners .... open a good bottle of wine and chill.,.

you're right BB ..... i felt good and acid yesterday evening and really got the bit between my teeth .... however, a very nice bottle of puligny montrachet 2008 sorted me out a treat!

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

blanche - i happily admit that i am only here for the momentum ride ..... even long term, i really do not think the odds are stacked in favour of BAO being anything other than a minnow with volatility when the lemmings get excited

in the immediate, unless there is (yet another) burst for glory, 30 may prove to be a considerable hurdle, but that is based purely on my "simpleton's chart" and gut feeling

I missed this one.

for sure i would not recommend getting on board at this stage .... it is and always was a very dodgy stock which happens to have caught the imagination of the lemmings

This is not a dodgy stock imo. If they don't get bought out they have potential to become the largest producer of pig iron in the world by 2020 imvho. dyor. gl

we'll agree to differ then :-)

Nothing new there then !! lol

blanche

re - we'll agree to differ then

certainly nothing new, but the most you will get from those posting around is NOTHING on charting or fundamentals, as usual bla bla and bla is the best they can do.

re - dodgy stock

One wonders why are they here then, only companies with large profits for years are OK for them

as i wrote on post 340 ...... "blanche - i happily admit that i am only here for the momentum ride" ..... and nothing wrong in that ..... all the chart folderol is very pretty and all that, but actually i'm here to try to make money, and if i do so, then goody gumdrops and who cares the reason, and if not, then c'est la vie

Do i see someone changing the tune?

once again cos he has been cought with the trousers down and nothing to show.

show time 9 hours away

There is more than one liar about

now " chuckles " joins the party on that list, not only here but on the Football thread.........bias as usual

re - BLVN

two days and expecting someting for me to say ...... fool give it time

the world was made on seven days they say.

only you took a day to make, that is why they forgot to put a brain on that square head of yours

Uptrend and BREAKOUT

London 22 January 2013 14:25

UK-listed Baobab Resources owns the only iron ore project in Mozambique’s booming coal region of Tete. Steel First met with md Ben James in Africa to discuss the challenges facing the project.

the Tete region boasts some of the world’s largest untapped resources of coking coal, an essential ingredient in the steelmaking process.

Tete’s coal riches have attracted many of the world’s largest miners to the region, including Vale, Anglo American and Rio Tinto.

For its part, Baobab plans to produce pig iron, vanadium and titanium from its Tenge/Ruoni project in the east of the province.

Focus on pig iron
The miner’s main focus is on becoming a major producer of pig iron, a refined steelmaking raw material which is priced at a considerable premium to iron ore.

Baobab estimates that it will be able to produce pig iron at $200 per tonne fob based on a production rate of 1 million tpy from its Tete project, to sell to the Chinese market.

After raising its JORC-compliant resource by 38% in December 2012 to 665 million tonnes, the miner plans to produce as much as 4 million tpy of pig iron, an upscaling of operations which could bring down production costs considerably.

These ambitious production plans would make Baobab the world’s largest pig iron producer, seeing it overtake pig iron-producers in the CIS countries and Latin America.

Investment
The World Bank’s private-sector arm, International Finance Corp (IFC), agreed to invest as much as $5 million in Alternative Investment Market-listed Baobab in 2009.

A definitive feasibility study is set for completion this year. Project financing would follow early in 2015, and construction would take about 24 months for completion at the end of 2016.

Baobab is now looking for a partner to bring the Tenge project into production.

Benefiting from its proximity to the Zambeze river’s hydroelectric power source and the Sena railway link, Baobab is confident that its Tenge project has the right fundamentals to attract a project partner.

Indian steelmaker Jindal, which has its own operational coking coal mine in Tete, is aiming to build an integrated steel plant in the region, Jindal country head Manoj Guta told Steel First in November 2012.

Mozambican miners have been badly affected by problems with infrastructure development, however.

Rio Tinto’s ceo and strategy head resigned from the mining major in the third week of January 2012, on a $3 billion impairment incurred by its Mozambique operations. The company’s chairman blamed this on infrastructure development being slower than expected.

Magic Joe,

We have received a number of complaints with regard to personal abuse in your postings - please consider this a final warning, should it continue, access will be removed.

Ian

MJ - you're a complete ass ..... i can't be bothered to respond your your latest inaccurate abuse, even if it is total garbage .... as i have said before, just stick to your pretty pix and comment which are generally interesting and informative, even if not necessarily to be followed

Balerboy. You're in profit! Hold tight ways to go yet. 8-)

I've cracked open a.........cup of tea in celebration.,.

i am now watching very closely with a view to selling half or even all ..... it's tempting to be greedy, but we all know how dangerous that can be

seems reluctant to move on up, have stop at 31p on 50%.,.