Calling AIM listed wannabee iron miner Baobab Resources (BAO) as a sell at 35.75p on February 4th and again on 29.125p on 21st February managed to generate stacks of abuse on the Bulletin Board but with the shares at 13.625p today I have been 110% vindicated. The point is that this company has sod all cash and high bills and that a placing is needed. Fast. The shares remain a sell until its now near critical financing issues are addressed. To both the Bulletin Board Morons and the fellows who run Baobab I ask how is the placing going?
Incidentally Lucian Miers is short of this stock and you can see him explain why in his UK Investor Presentation here.
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