Obtala Resources (OBT) has announced the signing of heads of terms for a venture in which it will have a 70% interest to develop a commercial farming operation over an additional 1,265 hectares in Tanzania.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Obtala Resources, Orsu Metals and Plus500, setting share price targets for all three stocks.
While it may be acknowledged that in the recent past the technical position of the Obtala Resources (OBT) share price could be described as nothing more exceptional than a slow burn recovery, the position now at the beginning of November does appear to be more encouraging for the shares than it has in quite some time.
Commenting on last month’s interim results from Obtala Resources (OBT), we noted a potentially further and major catalyst in the company’s Mozambique timber business and it has now announced that, having reviewed how best to crystallise and maximise the inherent value of this business, it has commenced a process to list it as a separately quoted company on AIM during the first quarter of 2016.
We reiterated that we saw continued value in shares in Obtala Resources (OBT) a few weeks ago as the stock overhang cleared - despite a couple of updates from the company since the shares haven’t responded as hoped. Yet...
Obtala Resources (OBT) has been issuing good news after good news release – the latest being a cracking forestry deal. Yet its shares are almost unmoved – at 9.625p today. That is down to one thing alone, the incompetence of Nomad Jefferies.
Having updated in December of its seeking of partners to increase production capacity and expand marketing for its timber concessions, Obtala Resources (OBT) has announced an agreement with Kishugu International Holdings Ltd, which includes a Heads of Terms to form a joint venture for an impending timber-related project in Brazil.
Obtala Resources (OBT) has announced that a call option for 60 million shares it currently holds in Paragon Diamonds (PRG) has been exercised. This follows earlier agreements reached with private equity investment group Titanium Capital to put “new impetus” into Paragon and has helped shares in Obtala more than 10% higher – to 10.75p-11p, capitalising the company at just below £29 million.
Obtala Resources (OBT) gave a detailed presentation on Monday 10th November at the most recent ShareProphets seminar - a video of whicjh is below.
Obtala Resources (OBT) has announced it is to pay just over $1 million for a controlling 72.69% shareholding in five departmental retail outlets within Lesotho in order to advance its vertically integrated strategy. The stores operate as Life’s Comfort Solutions Ltd. This is a cracking deal.
Noting a “transformation into Forestry, Agriculture and Food Processing group”, Obtala Resources (LSE:OBT) has announced results for the first half of the 2014 calendar year and that “we expect our asset base and sales to continue to grow during the second half of the year”.
Shares in Obtala Resources (OBT) have recently nudged higher – to a current 9.75p-10p - on the back of a move to put “new impetus” into investee company Paragon Diamonds (PRG). We are up on this share tip but there is more to go - 50% within a couple of months we reckon.
Obtala Resources (OBT) has announced a £2.28 million net cash outflow before new financing (£0.14 million inflow after) for the 2013 calendar year, ending the year with cash of £2.14 million and updating that “a platform to generate substantial revenues has been put in place, and sales have commenced successfully across all sectors of the business”.
Obtala Resources (OBT) has been a cracking share tip from us but there is far more to come. The market seems to have totally failed to pick up the import of news yesterday. It will.
We tipped AIM listed Obtala Resources (OBT) at an 8.25p offer price on January 6 this year with a 12p to sell target price. Today – following conversations with management – we have increased that target to 15p. Here’s why.
