leadf
logo-loader
viewBase Resources Limited

Full interview: Base Resources highlights financial improvement and debt reduction to finish FY19 in strong cash position

Base Resources highlights financial improvement and debt reduction to finish FY19 in strong cash position

Base Resources Ltd (ASX:BSE) managing director Tim Carstens updates Proactive Investors on milestone achievements in the FY19 year with major financial improvements and a significant debt reduction resulting in a strong net cash position at June 30.

The managing director said the African mineral sands producer and developer increased mining volumes by 60 per cent and completely changed its mining method, adopting hydro mining for most of the financial year.

Quick facts: Base Resources Limited

Price: 14 GBX

AIM:BSE
Market: AIM
Market Cap: £164.92 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Base Resources Limited named herein, including the promotion by the Company of Base Resources Limited in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Base Resources announces maiden dividend with effective yield of 14%

Base Resources Limited's (LON:BSE)(ASX:BSE) chief financial officer Kevin Balloch speaks to Proactive following the announcement of a maiden dividend alongside the release of its 2020 results this week. The maiden dividend of 3.5 cents per share implies a yield of around 14%. Base booked revenue...

4 weeks, 1 day ago

2 min read