Baobab Resources

3348 days ago

Baobab – take out at 6p – another superb short call and a reminder of a range of morons abuse

On 4 February 2013 I advised selling Boabob (BAO) Resources at 35.75p arguing that the valuation was crackers given the financing risks. Today the company has said that it will de-list and if shareholders wish to sell then the largest shareholder Redbird will offer 6p per share. Oh dear, another win for Tom Winnifrith versus the morons.

You can read my sell call HERE

Baobab today stated:

4021 days ago

Baobab - when is the placing suckers?

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.

 

4085 days ago

Baobab: Two Releases on Tete and the shares slide – So when’s the placing? Sell.

I managed to make even more friends in the Bulletin Board Moron community on 4th February when I explained why anyone with half a brain cell should short Baobab Resources (LSE:BAO) at 35.75p. Since then the company has issued 2 RNS releases about its flagship Tete study blathering on with all the usual guff and telephone numbers. Yet the shares are this morning at 29.125p. Oops looks like I was right and the Bulletin Board Morons wrong. Again. So what’s new pussycat? …. There is a placing on the way….You can smell it.

4102 days ago

Baobab Resources – Good News in the Price, follow Lucian Miers and sell

After many years of scratching around Southern Africa for a project with real prospects AIM listed Boabab (BAO) appears to have found something that could be a winner in the form of the Tete pig iron/vanadium/titanium target in Mozambique. With iron ore stocks all rallying sharply in the past two or three months on the back of hopes of resurgence in Chinese demand, Baobab shares have raced ahead to 35.75p which values this company at £106 million. This is a stock that has now got far ahead of its fundamental value and I can reveal that last week well known bear raider Lucian Miers opened up a short. That is a good call which you should follow.