Tuckman1
21 Apr 2015
Re: News this week? Morning LOSA, yes it is all over for some but I remain with the other 19% and have not sold out.For a project that can produce Rebar with credit for ~$350 then a little research into the current market price for it in Moz and its neighbours will indicate why this is still very positive IMO.BFS due in December and I guess Redbird will move this on just after, it will be interesting out of the Chinese, Japanese, Koreans or even Indians who might want a piece of this as it IMO will be the lowest cost producer in the world.Obviously not everyone's cup of tea but I am more than happy to see this out.Best wishes
Lawrence of Saudi Arabia
20 Apr 2015
News his week? With the First Closing Date passed it will be interesting to see if Redbird have achieved the target. They still have till May 1 to add shares before going uncon on May 15.I'm thinking they should have let BAO slump further and then picked it up for a few magic beanz. The spot price for iron ore continues to drop. (It's been well over $100 for the last 10 years.)It ain't over till the fat lady sings but I fear she's in rehearsals.LoSA NNW PS Wondering whether Tuckman still has confidence on what is now a distant project!
Lawrence of Saudi Arabia
11 Apr 2015
Are Redbird savvy or ...... are they being over taken by events. [link] ore prices continue their decline and there seems no bottom to the collapse.For BAO share-holders this is doubly painful If you hold, post delisting, will Redbird be able to hang awaiting a recovery. Or will they have to flick it on at a discount?One could suggest that they've seen this malarkey all before. But that would be giving my age away!!Obviously, 6p today might be better than ...........LoSA I bet Redbird directors are kicking themselves for being so generous!
Lawrence of Saudi Arabia
11 Apr 2015
A tip for BAO Investors? Surely internet companies that are clones of superior ones can't survive for long!I would be very cautious of anything Chinese especially internet based.
city watcher
02 Apr 2015
Tip for BAO investors too Having done some more research into getting a good return on investment, this link needs tobe read besides my other posting. Tagged strong buy after absorbing company facts.[link]
city watcher
02 Apr 2015
Re: I note ...... Suggest JQW Well I am going to settle for Redbird's 6p offer and plough the money in advance (just about have it) into JQW the e-commerce Chinese company that gives results out end April and has turned the corner from strangely reaching an unexpected low very recently. You are right to statethat the companies in this region are doing well and some are undervalued is what I add. Justview their graph. Also see their most recent update on trading too.[link] Release16 February 2015 JQW plc ("JQW", the "Group" or the "Company"
Pre-Close Trading UpdateNotice of Preliminary Results JQW plc, a domestic Chinese B2B e-commerce operator, provides the following trading update as the Group enters its close period. The Board confirms that revenues for the period were ahead of market expectations, with unaudited management accounts showing revenues reaching approximately RMB 784 million (2013: RMB 490 million). Profits for the period were in line with expectations and profit before tax for the period has increased to around RMB 212 million (2013: RMB 170 million) (exchange rate: RMB 9.6 : £1). Consistent with recent trends, our distribution mix has seen a further rise in the sales agencies channel, as opposed to our own sales force channel, from 78% of revenues in 2013 to 88% in 2014. This has translated into higher cost of sales as a result of commissions paid to agents. Similarly, our client base has continued to trade up to more expensive packages, which provide them with advertorial services through other media channels. The cost for JQW to purchase advertising rights on different media channels to support the advertorial services rose from RMB 10 million in 2013 to around RMB 58 million in 2014. This has also translated into a decline in gross margin. As at 31 December 2014, the Group had 241,000 active fee paying members which compares to 221,000 at the end of June 2014 and 197,000 at the end of December 2013. JQW remains highly cash generative and the Group maintains its strong balance sheet with cash as at 31 December 2014 amounting to RMB 395 million (2013: RMB 344 million). This robust cash position, which is after the Group paid an interim and special dividend to shareholders totalling RMB 101.6 million in October 2014, is equal to 21.3 pence per share or 195% of the Group's market capitalisation as at 13 February 2015. Yongde Cai, Chairman of JQW, said: "The Board is extremely pleased with the solid progress that the Group has made throughout 2014. Trading in the new financial year has started positively and we are close to finalising the development of our platforms for smartphone users which will further broaden our offering and take advantage of the rapidly growing Chinese B2B e-commerce market. "As expected in such a fast growth marketplace, we are beginning to witness some increased pricing competition from other B2B platforms in China. JQW's management team anticipated this market evolution and have already initiated a focused marketing strategy as well as a review of the packages that we offer our customers in order to maintain our competitive advantage. "JQW remains committed to its AIM listing and the Board believes that JQW continues to be well positioned for future growth." The Group will be announcing its 2014 Final Results on Thursday, 30 April 2015. An analyst briefing given by Peter Chen (Chief Executive Officer) and Wei Boon Kooi (Chief Financial Officer), will be held at 9.30 a.m. at the offices of Abchurch Communications, 125 Old Broad Street, London, EC2N 1AR. - Ends -
hector22
01 Apr 2015
Offer Accepted Accepted the Offer.Unfortunately feel lucky to get 6p per share and get away with £5k loss (50%).The iron Ore market is swamped with Rio and BHP both trying to survive by producing more iron ore more cheaply than the other, with Fortescue looking like they're getting into difficulty (share price drop from AUD 6 to below 2 over the last year). It's blooming tough out there!Truly good luck to Redbird, they have a lot of work to do and it will be great for Moz!ATBHector
dougmel
31 Mar 2015
Re: Redbird Montheton, just got a message from my broker. Tell them to accept 6p for my shares by 14 April or they will take no action.
Lawrence of Saudi Arabia
31 Mar 2015
Who would have thought ...... that iron ore would be plunging below $50.Surely this is evidence that BAO can only survive mothballed, or in the hands of a caretaker, while deep pockets wait until the cycle swings.[link] far as Brokers giving y'all a call I'd get on the phone tout suite.
Montheton
30 Mar 2015
Re: Redbird still not heard from my brokeranybody else in the same bracket
Richi1414
26 Mar 2015
Re: Redbird Pi who do not vote will be taken as a yes and those waiting for the ful 6 p will make it a done deal
Lawrence of Saudi Arabia
25 Mar 2015
It's amazing how quite ....... things are.Surely, there must be some light at the end of this train wreck? (sarc)Re-reading the Offering, especially para 6, things are not rosy for current shareholders short term or long term.Obviously some "investors" believe there is salvation by hanging on but Redbird make it clear that no lubrication will be used when the final shafting occurs.There are some great ops in the market at present and waiting and hoping ain't working for this company.LoSA Looking for ........
Lawrence of Saudi Arabia
13 Mar 2015
I note ...... Beacon Hill Resources, a coking coal outfit in Tete have gone under leaving hapless investors stuffed. Who's picking up the pieces? This is now becoming a one pipe problem! LoSA Looking for bargains as Chinese economics seem exuberant!
Salvagehunter
11 Mar 2015
I've held since 2009 at 4p but stupidly (in hindsight) topped up during that big (suspect) spike in 2001 to average at 19p. I just found out about this Redbird offer today, I need to hold out...
Tuckman1
09 Mar 2015
Re: Redbird As per takeover panel rules Redbird must announce any purchase made as they have a shareholding of over 1%.So basically they have not made a buy since last week when they just popped over the 40% holding.People buying now could just be after making a quick 10%.
