||EPS - Basic
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Asa Resource Share Discussion Threads
Showing 1976 to 1999 of 2000 messages
|I'd like to hear more about the small scale startup production progress at Zani Kodo, which is outside of any indigenisation policy.|
|I'd still like to know what is happening outside of Zim...
We supposedly have assets in DRC, Angola, Botswana, and South-Africa, yet we rarely hear what (If anything) is happening there...
What this story needs is serialisation, so that we build a head of steam...
BUT, we also need a decent period without bad news from the idiotic, despotic, Mugabe...Couldn't somebody kick his white stick away and give him a nudge into a passing bus... 93 years of age, and still no-one wants to take him on politically within his own party, and whilst I once hoped Morgan Tsvangirai would rise to the challenge, since his wife died, he has all but disappeared from the scene...
|Sod the charts .. you are just talking it up being a holder.Read about the fundamentals that can drive Nickel higher.. I cannot see more 12000 at best for end of yearBut that depends on what Philippines announces next|
|Based on the chart, nickel could move back between 14000_16000 usd/t in the next 12_18 months.|
|I'm keeping an open mind stig. As I said before I'd be surprised if anything was signed but then again the 15% Freda Rebecca sale that happened shortly before these allegations was done on a verbal agreement and handshake so there is a precedent.|
|Why would it bounce from the withdrawal of a lawsuit nobody really cares about and the consensus on here is that it is illegitimate and doomed to fail anyway?|
|No your guys need the good luck :-)
If this lawsuit is cleared, then expect a bounce for traders.
But you still to address cash resources , smelter investment and commodity prices|
|I'm one of the fools buying ;)A lovely double bottom appearing on the chart. If it holds a test of the highs will follow. Patience needed.|
|But let's face it , in many ways the stock market is low to high risk gambling|
|Yeah we know you are trader bb
It is called high risk gambling|
|In the short term for now , Only a fool will keep buying on dips.|
|Nice bounce for nickel. Positive day for ASA tomorrow ?|
|Gold back over $1200|
|Ah, your usual well argued reply to my post mrwatchyourprofitsgoing.|
|Indonesia relaxing exports didn't help either.|
|As the share price seems to track the nickel price closely today's drop may have something to do with nickel retracing overnight too ;)|
|This is a rhetorical question, I'm not expecting anyone to answer, but I wonder what the indigenisation law has to say about disposal of said shares by the indigenous owner(s)? Are they required to only sell to a fellow Zimbabwean thus keeping the quota up to scratch or is the problem dumped back with the company. I suspect, knowing our marxist Mr Mugabe, it is the latter.|
|It seems to be a dispute about who eventually gets to buy the ‘indigenisation’ stake in Freda Rebecca. From Zindico’s letter it seems that the issue has come to light because ASA has informed the relevant authority that they are in negotiations with a third party to sell to them instead of Zindico.
Whatever the merits or authenticity of Zindico’s claim it looks like ASA are about to part with a 26% interest to someone or other, regardless.
Isn’t this just a messy and perhaps expensive storm in a teacup?|
|"If they had a verbal contract with Mpinga then it might be enforceable so the lack of a signature is irrelevant."
If it was his company. By that I mean if he actually owned it, that might be the case. But he didn't own the company, he just acted as though he did.|
|Why are you here then ? LMAO|
|A recap of what's happening:
Gold - indigenisation bunfight/$20m legal battle
Nickel - unable to start scheduled repayment of smelter bond. Smelter start up delayed yet again (was due by 31/3/17) and one assumes it would bust the company at current nickel price and feed rates. Trojan to be re-deepened in an effort to increase feed and grade prior to smelter restart, with negative impact on Trojan production during re-deepening works. Company says the smelter project is "on course"...cough.
Gold - Zani-Kodo mining licence discussions
Copper - Assay results from drill cores from five priority targets have been due since drilling was completed in November 2014. Company says "we are reliant on them (Hailiang) as to when they choose to confirm exploration findings"...cough
Diamonds - $3.5m raised September 2015 with the objective of re-starting underground mining at Klipspringer...cough. They've got as far as extending tailings retreatment to cover care and maintenance but that's paid for by JV partner Greenhust.
The slaughterhouse is probably doing OK ; )|
|Either way, I've taken advantage of the weakness and bought a few more. Commodities in an uptrend. I'm looking at the bigger picture.|