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:

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