UK 05:01 Sunday, 27 September 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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Comments
wildrides
Its turned into a jam tomorrow stock with vacillating management that cant decide if its a cannery , a retail business , a timber business or a farm crop business . Green field site cultivation farming is a night mare , pests and diseases decend from every where to ravage your crops and the hungry locals help them selves . ( ever wondered why spuds are not grown in fields near towns and cities ) It often takes two or three years to get the teething problems sorted …………. so this share comes with a health warning . Invest for the timber sale if you like risk .
Jason
I’ll second wildrides comments ~ timber business spin off may release some value but as for the rest they’re flip-flopping all over the place. OBT need to decide what they are and focus on it.
Richard
HSR Team. Could you shed any light on the decline of the share price please.
Many thanks