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Baobab Resources; set to become a major generator of cash?

By Robert Tyerman | Friday 30 May 2014


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.


Jeremy Dowler, energetic chairman of AIM-quoted Baobab Resources (BAO), is preparing for some key developments that will shape prospects for the company’s future. He hopes to turn the company’s pig iron and vanadium project in Mozambique’s Tete province in south-east Africa from a 750 million-tonne aspiration into a long-term supplier to the steel industry there and abroad. If he can achieve this then Baobab stands to become a major generator of cash.


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