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

Refer to my post number 423 when it was 22p a share -
I TOLD YOU IT WAS FOR GAMBLERS and TO GET OUT

I hope to be more right than wrong and that small difference makes my profits.
If you are really after profit, not just excitement, be very cautious.

I would still wait for BAO to start earning some actual profits rather than expectations.

comments ?????

thoroughly agree with you (see also my posts from feb '13) ...... this share is for the likes of the muppets who buy into FTO and CRA (which at least has a little more chance)

this refers more to panto's post... it's an interview with the managing director on the Auroch deal webcast

Talk is cheap from the ones above, one should give credit to investors who know when to buy and sell

BUY low and SELL high
nothing goes into a strait line
If trend is broken sell at that stage
put a stop loss
etc.

I never sold at the top, but because I already sold before
now I accumulate at this low prices
and I am sure many investors will make money from here

I done this before and history will repeat again is my motto

go back to january/february and i think even a purblind you (ewe?) will note that i knew very well when to buy and sell ..... so what do you have to say for yourself in that respect?

cynic is this your stalker (MRSI)? at it again?

no idea and not really fussed anyway .... as you know, this site and similar, are rife with people in rose-tinted specs who do nothing but get excited about stocks, and with never a hint of a reality check

very volatile but holding above that 13p by now support as buyers place orders at those levels

read the last post with a funny feeling

Yesterday there was a post saying >>>>>>>

Who are you calling a stooge?
The cap fits for " cynic and halifax " something like father and son, allways together

Investors should do their research and buy at the right time and price, what those two say allways take it with a " pinch of salt " would be my advise.

or just ride the momentum or avoid entirely!

yesterday i see no post from anyone

They say - too much salt is not good for your health -
I'm using a bit more of peper instead

thanks for the advise

13.625p +1p

Director Deals - Baobab Resources PLC (BAO)

Jeremy Dowler, Chairman, bought 75,000 shares in the company on the 30th August 2013 at a price of 13.38p.
The Director now holds 8,740,169 shares.

Some movement up after being lower at the start, it has not been higher for some time.
Indicators rising give an idea of wanting to move higher

two further tick ups this morning, with some larger size buyers now appearing

5 days chart

Not any longer able to buy at 13.42p, now paying 13.64p

a good move up today

another day another move up, a 50K buy did the job this time, a large spread now but the prices paid are usually just above middle price

and keeps moving higher, the recent movement up has good fundamentals it seems

Today is on the move again 14.25p +1.25p after the recent pause

on the charting from the MACD has gone positive on crossing up the 0 line

NEWS placing at 15p
Baobab Resources secures additional capital

Baobab Resources has announced a capital raising at a 15.4% premium to its closing share price last night.

The company and an African Minerals Exploration & Development Fund executed a placement agreement which can potentially finance the company's work programme.

The Fund currently holds 26.73% of the company's voting rights through its wholly owned Redbird Investments.

Jeremy Dowler, Baobab's chairman, said: "The company is very pleased to receive such a firm show of support from its principal shareholder in what is a challenging market. Not only is the placing at a significant 15% premium, but also signals the Fund's strong belief in the company's immediate and longer term prospects.

"The first tranches of funding enable Baobab to accelerate key components of the bankable feasibility study this year, which will address and mitigate areas of perceived risk and optimise flow sheets. Looking forward, the proposed structure will also provide a mechanism to underwrite the remaining work programme, ensuring a premium to any future transactions. Baobab's board of directors therefore unanimously recommend the terms of the placement to shareholders."

PLACEMENT AGREEMENT SUMMARY

§ Redbird to subscribe immediately for 5,000,000 ordinary shares of 1 pence each ('Ordinary Shares') in the Company (the 'Placing Shares') at a price of 15 pence, raising £750,000 before expenses (the 'Placing'), and increasing its relevant interest in the Company to 27.93% of the Company's total voting rights.

§ Redbird to be granted one option to subscribe for an additional share at an exercise price of 20 pence for each Placing Share, expiring at 5.00pm on 30 June 2016 (the 'Placing Options'). On the discretionary exercising of the Placing Options, a further £1,000,000 will be raised.

§ The Company will conditionally place with Redbird, subject to shareholder and regulatory approval, a further 8,500,000 Ordinary Shares in the Company (the 'Conditional Placing Shares') at a price of 15 pence per share to raise a further £1,275,000 before expenses (the 'Conditional Placing').

Is going places today as the share price has BREAKOUT from Neckline @14p

http://www.proactiveinvestors.co.uk/companies/news/62125/baobabs-investment-from-major-shareholder-underlines-attractiveness-of-tete-says-shore-62125.html