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

From my thread ......

50% intraday fibonacci retracement at 23.125p and UP she goes

High of the day 24.625p
Low of day 21.375p

50 % fibonacci 23.125p

wow.,.

Wow - down 3.75p today 21.75 / 22.00 or 14.63%
Where to tomorrow ?
Is this for pure gamblers or investors ?

gambling and/or momentum trading only

Interview with Ben James, MD of Baobab - Tete pre-feasibility study return positive result

Click here to listen

has anyone come across this?

panel discussion

Ben, the Baobab CEO is involved.

Cheers Morigam, I'm going to listen to the panel discussion. Good find!

Looking like it wants to turn today, there was support at 12.25p were MMs were happy to marked down early morning

londongo

You might be right about the support at 12.25p, a big move up today, the stock has been shorted lately, so as is moving higher - buyers - shorters are closing also a double action.

Keeps well on the movement up as signs of downtrend is over now over 20p

Listen to Baobab Resources - Company update

CLICK HERE TO LISTEN

bouncing back after early profit taking, does not need much to turn around

“As from today, AIM listed shares are allowed in ISAs. We have searched AIM listed companies and identified the two stocks which, we believe, have the most potential to increase their market capitalisation 15-20 fold within three years.

Both stocks have huge resources, over 6 billion tons of coal and nearly 1 billion tons of iron ore, but tiny market capitalisations £7m and £36m.

The first stock is priced at 1.2p and has analyst price targets of between 16p and 25p (a potential rise of between 1233% and 1983%)

The second stock is priced at 12.5p and has analyst price targets up to 221p (a potential rise of up to 1668%)

Both stocks have cash in the bank and impressive strategic partners – the first stock has CNOOC as a partner (one of China’s largest oil companies) and strong support from the Australian Government; the second stock has IFC (International Finance Corporation) as a 15% shareholder, strong support from the Government of Mozambique, and is likely to announce a major JV deal with a global integrated steel company (e.g. Jindal, Posco and Nippon).

Strong newsflow is expected from both companies over the coming months which will help trigger and sustain substantial share price re-ratings.

The companies are Altona Energy (ANR) and Baobab Resources (BAO)

Further information and analyst reports:

www.altonaenergy.com
www.baobabresources.com ”

Todays chart

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The large marked down this morning is an opportunity for this recovery stock

only for mugs!

Someone does't know how to make money

12.75p to 13.50p already

i've made plenty here in the past and banked the profit .... and then watched the muppets who hung on, chuck it all down the drain

since you're such a smartypants, why don't you mention that the spread is 1p (and sometimes more), so your 0.75p rise about which you chortle is pretty much a waste of space

Someone is calling investors " muppets "

the threads I have looked on the past, you sound like the BIGGEST idiot in this place as I said above not knowing how to make money.

just retoric like a "cynic" using this place as a way to make coversation ( lonely soul ) my take

Chinese imports of fe ore jumps 7% in July

Share price rise accordingly - marked up - but then some investors take profits at this point