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BAU, BAUXITE RESOURCES LIMITED
blacksheep
post Posted: Dec 15 2017, 01:52 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Nov 21 2017, 09:43 PM

PROPOSED CAPITAL RETURN OF 5 CENTS PER SHARE

QUOTE
Bauxite Resources Limited (‘BRL’ or “the Company”) is pleased to announce that
the Board has resolved to approve a 5 cent per share capital return, subject to
shareholder approval.

As noted in the 2017 Annual Report and other recent market announcements,
the Board has had capital management initiatives under active review. The
Company currently has around $16.2m in cash and cash equivalents in addition
to its other real estate and mining project assets. The proposed capital return
of 5 cents per share will result in approximately $10.7m being returned to
shareholders, leaving the Company with cash reserves of approximately $5.5m.
During the last three quarters BRL has put together, through its wholly owned
subsidiary Australian Silica Quartz Pty Ltd, a number of silica sand and hard rock
quartz projects (as announced on 14 December 2017). These projects have
been internally generated at a low cost to the Company. The Board has
considered the financial requirements for the development of these projects
and its other operations, and has determined that there will be sufficient funds
for their continued development after the proposed return of capital.

The Company retains substantial exposure to future improvements in bauxite
markets through its HD Mining joint venture bauxite projects which are fully
funded by HD Mining, and through its royalty entitlement in respect of the world
class Yankuang tenements near Toodyay.

The Board realises that the proposed capital return may have an impact on the
current Mercantile OFM off-market takeover bid of 9 cents per share for 50%
of shareholders’ shares. The proposed capital return will only take place if it is
supported by a shareholder vote in the first quarter of 2018. The Board
considers that the proposed capital return offers shareholders both a short
term substantial return of capital and also offers an ongoing investment in the
Company’s various resource projects, with the potential for real value
generation over the medium to longer term.


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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 21 2017, 09:43 PM
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In Reply To: blacksheep's post @ Nov 9 2017, 10:53 AM

extract of article appearing in Mining Monthly

Bauxite battery project mooted
Noel Dyson13 Nov 201712:41
QUOTE
BAUXITE producer Australian Bauxite has finalised a heads of agreement with Refined Ore Industries Limited for a project to develop bauxite aluminium fluoride, which is used in aluminium production and lithium-ion batteries.


QUOTE
Designing and costing of the evaluation plant is underway and final results of that are expected by the end of February.

Marketing samples for offtake contracts are expected to be ready between September and November and a bankable feasibility study for the 50,000tpa plant is due in the first quarter of 2019.

Should all go to plan, the production plant will be commissioned by the end of 2019.

According to Australian Bauxite, the Alcore project will transform its bauxite, which is worth US$50 a tonne, into a suite of products worth more than US$800 per tonne of bauxite.

http://www.miningmonthly.com/equipment/min...project-mooted/

All this depends on what happens with the NZ corporate raiders' plans - as per previous post.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 9 2017, 10:53 AM
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Posts: 6,791
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New Zealand corporate raider Sir Ron Brierley has launched a takeover bid for Bauxite Resources, with a plan to sell off its assets and return cash to shareholders. - As at 30
September 2017 the Company held AU$16.3 million in cash.

QUOTE
Time to call a halt’

Mercantile makes its offer after accusing Bauxite of wasting shareholders’ time and money.

“After 10 years unsuccessfully searching for bauxite, lithium and silica sands, it is time to call a halt,” Mercantile chairman Sir Brierley said in a letter to shareholders.

“The best use of remaining surplus cash is back in shareholders’ hands.”

If the takeover succeeds, Mercantile will immediately pay shareholders 6c a share, terminate a joint venture with HD Mining & Investment, and stop all exploration activities.

It also plans to sell off all Bauxite’s (ASX:BAU) assets, including two farms, and pay the proceeds to shareholders once debts have been cleared.

“The above represents the most effective way of reducing cash burn to NIL,” Sir Brierley said.

“Bauxite first listed on ASX in 2007. It has never found anything remotely viable and has chalked up losses of $48 million in the process.

“The latest annual report states: ‘The company is also looking for other business opportunities to better utilise cash resources’. We regard that statement as ominous.”

The Bauxite board has recommended shareholders take no action.

Bauxite Resources had negative cash flows of $245,000 in the third quarter, and customer receipts of only $35,000.

It burned $259,000 on staff and admin costs, but only $108,000 on exploration.

Both companies have been contacted for comment.

https://stockhead.com.au/resources/corporat...y-shareholders/
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
mercury
post Posted: Sep 12 2014, 09:53 AM
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something happening preopen anyone know anything?

 
cooderman
post Posted: Jan 14 2014, 10:45 AM
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a lot of talk about bauxite companies at the moment

with Indonesia banning exports in 2014

be careful with this one .....even though they have cash backing of .19c a share they may not always have it

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early birds
post Posted: Feb 14 2013, 09:18 AM
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In Reply To: early birds's post @ Feb 14 2013, 08:25 AM

someone is play funny game or what??
put bid on then pull off-----don't like these sorta stuff, even it is pannie dritful. thumbdown.gif

better just keep a tiny stake, in case things go wrong.
with cash backing at 20 plus cents, this is just "too good to be true" thingy, somrething we don't know?? unsure.gif



 


early birds
post Posted: Feb 14 2013, 08:25 AM
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Chinese financial company Citic has paid $452 million for a major stake in aluminium producer Alumina.

Read more: http://www.smh.com.au/business/chinese-inv...l#ixzz2KovgSYBL
===================================

so, aluminium demand will pick up, and we saw some volume went through with BAU last few session,
i had tiny stake for a punt, may be add little more as it looks promise!! unsure.gif



 
early birds
post Posted: Feb 11 2013, 12:10 PM
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Bauxite Resources Limited (ASX: BAU, the Company) is pleased to announce the appointment of Mr Peter
Canterbury as its new Chief Executive Officer (CEO) and Executive Director.
Mr Canterbury joins Bauxite Resources from Sundance Resources Ltd., where he has been the CFO for the past six
years. He played a critical role in rebuilding Sundance as acting CEO following the tragic plane crash in June 2010
which claimed the lives of the CEO and the entire Board.
Mr Canterbury is a highly regarded senior mining executive who brings to the role significant knowledge of the bulk
commodity industry, particularly in bauxite and alumina.
Between 2001 and 2007, Mr Canterbury was the Chief Financial Officer (CFO) of Dadco Europe which owns the Stade
Alumina refinery in Germany and a share in the CBG bauxite mine in Guinea. During this time there he was
responsible for finance, commerce and logistics. Earlier in his career he held several senior positions with Alcoa World
Alumina in the finance, marketing and projects areas in Australia and overseas.
Mr Barry Carbon, Chairman of Bauxite Resources, said Mr Canterbury was ideal to lead Bauxite Resources through
the next significant stage of its development which is centred on commercialisation of exploration tenements and
development of two Joint Venture projects.
“Mr Canterbury has finance, commercial and marketing experience in the alumina and bauxite industry, in addition to
the well recognised work he did with Sundance Resources. I am confident that he has the right qualities to take
Bauxite Resources through its next phase of growth.
“Mr Canterbury’s leadership was demonstrated with Sundance both for his role in rebuilding that company and also
with negotiating a benchmark Mining Convention in Cameroon.”
Mr Canterbury will commence in May, and is excited to join Bauxite Resources.
“I have followed Bauxite Resources for several years and believe it has a great board and strategy in place to develop
its significant land holdings. I’m looking forward to the new opportunities this role presents.
I share a sense of achievement with my colleagues at Sundance for what we have accomplished, and I believe that I
will leave them when that company is in good shape”
Mr Canterbury is married with one daughter and holds a Bachelor of Business (Accounting
========================

hope the SP can go over it's cash backing level---wich is over 20cps!! tongue.gif



 
early birds
post Posted: Jan 31 2013, 02:48 PM
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In Reply To: mercury's post @ Apr 1 2011, 10:05 AM

got tip for this "chinese gunhoo stock", from my mate again... geeeees only 12cents now!! ohmy.gif
i remember i were get in and out from 60 cps to over 100cps few times, got hit with last lots and never looked at it for few years by now!
freaking how, didn't know sp down to this low!!

anyway, look at their balance sheets, i might by tiny stake for a punt. lmaosmiley.gif
===============

ASX Code: BAU
BAU: 235m ordinary shares & 3m share options on issue.
Market Cap: $25.89m based on a market price of $0.11 per share on 31 December 2012.
Cash: $45.3 million at bank and no debt as at 31 December 2012.
Assets: $7 million in assets related to real estate property, plant and equipment.
Cash Flow: $0.4 million of cash inflows from interest on fixed term deposits and rental of plant
and other assets.
Bauxite Resource: 142.3 million tonnes with established joint venture partners
=========

seems it traded way below it's cash backing eh?? unsure.gif



 
mercury
post Posted: Apr 1 2011, 10:05 AM
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now that the company has commenced exploration, we should see some ann. over the coming months about what they have found. My opinion. they wouldn't be looking any more unless they already know what they expect. They are hoping for more.

But how has the PER progressed.? 2.4years was the average (average...which means some are longer) to get completed.
What news about progress....???
It start almost 1 years ago....progress???

Anybody in close relations to the company that can pass on some information?

Merc

 
 


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