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Base Resources Limited

16:51 on 24/11/2017

Current Price 18.38p | Bid 18.00p | Ask 18.75p | Change -1.34%

Company Overview

Base Resources Limited is developing the world-class Kwale Mineral Sands Project in Kenya, East Africa. Kwale is an advanced and highly competitive project in a sector with a significant forecast supply shortfall widely expected to emerge in the medium term. The Kwale Project represents an advanced development opportunity with all material project approvals, permits and licenses required for development currently in place, funding in place and construction of all project elements underway. The Project enjoys a high level of support from the Government of Kenya as well as the local community, and located just 50km from Mombasa, Kenya's principal port facility, is well serviced by existing physical infrastructure. Importantly, two pilot plant operations at Kwale provide confidence in processing behaviour and indicate a suite of readily marketable products. The Project's high value mineral assemblage and low stripping ratio result in a projected revenue to cash cost ratio that would place Kwale in the top quartile of world producers. A realistic development time line should see the Kwale Project in production in 2013. The Board of Base Resources brings together a diverse skill set and considerable experience in all aspects of exploration and development, operations, finance, corporate development and capital markets – together with a commitment to unlock value for its shareholders from the Company's exciting portfolio of assets in Africa.

Stock Details

Shares in Issue 701,422,100
Market cap £ 56.11m
Sector Industrial Metals

Financial Highlights Year Ended 30/06/2015

Turnover £145.50 million
Operating Profit £13.35 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -2.81
» More Financials

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Price Summary

Mid Price ? 18.38p
Bid Price ? 18.00p
Ask Price ? 18.75p
Volume ? 41106
Change Today -0.25p
% Change Today -1.34%
Open 18.00p
Previous Close 18.38p
Intraday High 18.41p
Intraday Low 18.00p
52 Week High 9.50p
52 Week Low 1.63p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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