The Investment Doctor
Long/short equity, value, debt, base metals

Base Resources - What Is Kwale County Thinking?

Introduction

In this article I'll have a closer look at Base Resources (OTC:BSRUF) which is currently producing from its Kwale mineral sands project in Kenya, Africa. Even though the company is profitable, its profitability is currently being threatened by some short-sighted not-so brilliant ideas from the Kwale County. In this article I will discuss the influence of the proposed new taxes on the profitability of the Kwale project.

Source: company website

As Base Resources isn't trading with a lot of volume on the US exchanges, I'd recommend to trade in shares of the company through the facilities of the Australian Stock Exchange or the London Stock Exchange where the company is listed with BSE as ticker symbol. As...

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