Viewing Stock Pick for BSE Each week we profile a stock that we...

Viewing Stock Pick for BSE


Each week we profile a stock that we believe as a great chance to increase in the medium term (3 - 6mths).

These stocks are chosen by using a mix or our own reseach tools including Directors activity, the Nielsen Supply/Demand Indicator and broker consensus data.

These picks are designed as a starting point for you to investigate further if you wish. Make sure you come back each week to see what we have found.



Symbol / Company
BSE /
Date Picked
31-10-2012
Price When Picked
$0.250
Company Overview
Inside Trader Comments:

This mining company in Kenya has been hit hard over the last couple of days due to Kenya wanting more equity in companies working over there. Investors started dropping this stock in droves yet the full story hasn't emerged and it may not be as bad as first thought.

Buyers are now coming back in and it looks like the bottom has been hit.

We believe it is worth a punt at these very low prices for a potential quick profit.

From their website...

Base Resources Limited (ASX:BSE) 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 and a full definitive feasibility study (“DFS”) having been completed and funding in place.

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.

Nielsen Indicator Buying Level
2.5
Weekly Trend Analysis
Downtrend
Daily Trend Analysis
Downtrend
Short Term Support
22c
Short Term Resistance
28c
Broker Analysis
Num. Analysts in Sample Recommendation
5 Buy

Director Activity

There has been no recent Director Activity.
Graph

Top Bar - Stock Price
Bottom Bar - Nielsen Indicator
Additional Graphs
NI End Of Day Chart