Baobab Resources Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9670551
iii seem to be having a problem recently.

The last trade was a sell at 7.81p, BID 7.75p, ASK 8p.

So closing mid was 7.88p.

Still down though.

ATB By Coldfeet67 ]]> http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9670551&action=detail Tue, 22 May 2012 18:48:00 GMT Coldfeet67 tag:iii.co.uk,2003:tst.9670470 http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9670470&action=detail Tue, 22 May 2012 18:13:00 GMT Bobby2812 tag:iii.co.uk,2003:tst.9668518 http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9668518&action=detail Tue, 22 May 2012 10:13:00 GMT retirefromshelfstacking tag:iii.co.uk,2003:tst.9668264 http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9668264&action=detail Tue, 22 May 2012 09:25:00 GMT Tuckman1 tag:iii.co.uk,2003:tst.9668230 I still struggle to see what could go wrong `long term` with this project ie Location/Power/Labour/Resource etc so I am happy sitting on `this loss` for some time yet. If no major uplift in SP before Aug/Sep time then as long as JD and BJ can make sound the on time delivery of the PFS this year then I will consider a big short term trading buy as hopefully there could be a build up and then spike if all is very good with the PFS.
JD did indicate to me they were talking to a few interested parties about the £5mill when I spoke but again that may be some time away before we hear of any news.
There is still a big seller out there imo but it has been nice to see a buyer come in. Hopefully we are are the bottom 7-8p. Will be interested on the next holdings statement to see if anyone of the major holders has`lost a few k` which would explain alot.
Maybe there is some news around the corner, as JD said when BJ gets moved into MOZ then we should see `alot more newsflow` over the later months which hopefully will de-risk and solidify what I hope will be a FANTASTIC PFS at the end of the year.
Good luck all By Tuckman1 ]]> http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9668230&action=detail Tue, 22 May 2012 09:19:00 GMT Tuckman1 tag:iii.co.uk,2003:tst.9667671
Monte Muande - JV with Baobab Resources plc ('Baobab')



In November 2010, the Company signed a JV agreement with Baobab for the development of the Monte Muande licences in Mozambique, which are prospective for magnetite, phosphate, uranium and gold.



Following completion of a data compilation and analysis exercise, Baobab announced two drill targets, the Rio Mufa coal prospect and the more significant Monte Muande magnetite/phosphate target. Drilling was completed at both targets in 2011 with c.2,000 metres completed at the Monte Muande target.



The Monte Muande magnetite/phosphate deposit is located 25km to the northwest of the provincial capital of Tete. The international highway to Zambia passes within 3km of the project. The deposit is hosted in a carbonatite and was explored during the 1980s by the Geological Institute of Belgrade ('GIB'). GIB completed two phases of vertical diamond drilling between 1983 and 1985 totalling 5,570m, 2,960m of which falls within the Joint Venture area. The institute also completed more than 10km of trenching and bench-scale metallurgical test work.



Using the GIB data sets in conjunction with more recent soil geochemistry and aeromagnetic surveys completed by Omegacorp, consultants Coffey Mining calculated an Exploration Target of 200Mt to 250Mt to an average depth of c.40m below surface. Coffey also carried out a high level review of the GIB metallurgical data which indicated that a magnetite concentrate containing 67% iron ('Fe') could be generated via a process of coarse grinding and magnetic separation, followed by regrinding and a flotation circuit to recover a phosphate rock concentrate containing 36% phosphorus ('P2O5'). Total magnetite and apatite recoveries of 92% and 70% respectively were recorded.



During the latter half of 2011, Baobab completed a c.2,000m diamond drilling campaign at Monte Muande. The programme comprised 10 angled drill holes sited along a staggered traverse transecting the central portion of the deposit. Drilling has intersected broad zones of shallow dipping magnetite and apatite mineralisation. Following analysis by the ALS Chemex laboratory in Western Australia the Company announced significant drill results from magnetite rich intersections, with premium quality concentrate grades of 69% Fe at a mass recovery of 26% (weighted average). The magnetite concentrates are generally very low in deleterious elements with additional test work underway to further improve characteristics. Phosphate mineralisation is ubiquitous with bench-scale test work required to determine quality and yield of a potential concentrate product. The head grades are in line with Coffey Mining's shallow depth 200Mt to 250Mt exploration target announced in March 2011. The sizing and analysis of trench samples is on-going.



The Rio Mufa prospect includes 12 square kilometres of Lower Karoo lithologies underlying the southwestern corner of licence 1119L. Baobab conducted a scout drilling programme at the Rio Mufa coal target during late 2011, aimed at investigating the coal prospectivity of this section of the Monte Muande licence area. Whilst the scout drilling intersected minor seams of carbonaceous material, these are not deemed to be economically viable. In light of this, Baobab will continue to focus on the development of the area's magnetite/phosphorus mineralisation, which has already demonstrated potential for Direct Shipping Ore and amenity to bulk open pit mining.
By Helicopter Man ]]> http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9667671&action=detail Tue, 22 May 2012 07:45:00 GMT Helicopter Man tag:iii.co.uk,2003:tst.9666865
Whilst there has obviously been a lot of selling recently the 5 major buys today were pretty hefty, 3.233m shares at £253.63k. Two for £50k, two for 812,500 shares.

Approx 1.5% of BAO picked up possibly by the same investor.

I doubt these are PI buys, unless it's you Tuckman1..!!

Hopefully it is someone who knows a bit more than us. James has been highlighting the cheap SP recently but if it's a new investor we won't find out unless they keep buying.

Maybe Director's RNS in the offing, hopefully not the sell variety.

ATB

By Coldfeet67 ]]> http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9666865&action=detail Mon, 21 May 2012 20:33:00 GMT Coldfeet67 tag:iii.co.uk,2003:tst.9666438 http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9666438&action=detail Mon, 21 May 2012 17:48:00 GMT Tuckman1 tag:iii.co.uk,2003:tst.9666178 http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9666178&action=detail Mon, 21 May 2012 15:58:00 GMT Bobby2812 tag:iii.co.uk,2003:tst.9666109 http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9666109&action=detail Mon, 21 May 2012 15:37:00 GMT plodder73 tag:iii.co.uk,2003:tst.9666072 http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9666072&action=detail Mon, 21 May 2012 15:31:00 GMT celtasia tag:iii.co.uk,2003:tst.9665996 http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9665996&action=detail Mon, 21 May 2012 15:17:00 GMT trotskymac tag:iii.co.uk,2003:tst.9664611 http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9664611&action=detail Mon, 21 May 2012 09:35:00 GMT Tuckman1 tag:iii.co.uk,2003:tst.9661508
A tie-in of some sort would be one to keep an eye on.

ATB By Coldfeet67 ]]> http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9661508&action=detail Sat, 19 May 2012 14:47:00 GMT Coldfeet67 tag:iii.co.uk,2003:tst.9661485
I agree that the demand risk is high and IO supply will lower price per tonne over the medium/long term, a double whammie, but would also suggest that the financing risk to explorers like BAO is the main issue in the shorter term.

And that is my major concern here as BAO need further funds to complete the PFS alone without even the worry as to how they will raise further funds to complete the FS.

Mundonguara drill results still missing as well.

ATB By Coldfeet67 ]]> http://www.iii.co.uk/investment/detail?code=cotn:BAO.L&display=discussion&id=9661485&action=detail Sat, 19 May 2012 14:31:00 GMT Coldfeet67