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Obtala Resources – Fleshing out the Lesotho numbers from today – worth a punt?

By Hot Stock Rockets | Wednesday 18 September 2013


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 today announced a deal where it will manage and operate a fruit and vegetable cannery in Lesotho and will get a 70% equity interest in the operation apparently gratis. There are no numbers with the RNS but we have some informed guidance and that suggests the shares are worth a punt.



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