Asa Resource Share Discussion Threads

[gwr7] 03/10/2016 09:48

Here's a link to an informative nickel report by Glencore.



In conclusion, whilst the nickel market has to address the 2009-2015 oversupply legacy, the work has begun in earnest in the second half of 2015 and results are starting to be seen, as evidenced by significant deficits in 2016.
We expect this to continue as demand growth continues to exceed supply, largely on the back of Chinese outperformance and the emergence of the battery sector as a major nickel demand driver.
Whilst new competitive supply has been commissioned and ramped up in Indonesia and additional competitive supply will be built out, supply elsewhere will decline, capping the actual rate of supply growth for the foreseeable future. This is very different from what we saw in 2009-2014 when supply expanded at +9% pa despite the poor ramp-up performance of a number of projects.
The medium term/long term outlook is much more positive fundamentally and we believe it is only a matter of time before the markets start to recognise this and price accordingly.

[brahmsnliszt] 03/10/2016 09:16

somebody wants them

can sell 1m at 2.51 but cant buy 500k

[cliley454] 03/10/2016 02:20

Plenty of upside still to come here.
Off topic take a look at ENGI. I posted some info on the BB.

[blueball] 02/10/2016 17:39

100% buy resistance 2.83p.

[the stigologist] 01/10/2016 23:51

In 2003/4 in the space of 3 months Mwana / ASA went from 15p to 165p

[the stigologist] 01/10/2016 23:44

300% is only a move from here to 10p which i think is justified by fundamentals (i.e. would be only circa 2x historic sales (i.e. doesn't take into account Zani Kodo, Smelter, higher nickel prices etc)

IF ASA go for a Chinese listing of ASA Gold I think all bets are off in terms of where this could go. I won't even mention price targets because it could get ludicrous.

[brahmsnliszt] 01/10/2016 23:39

Nice stig. A little ramptastic but does highlight the absolutely huge volume in July. Smart money obviously.

[the stigologist] 01/10/2016 23:36

incredible

breaking multi-year weekly and monthly moving averages, this could go ballistic 300%+

[casabella2] 01/10/2016 21:23

I remember when MWA was in the 90's,and not that long ago.

[mreasygoing] 01/10/2016 21:01

I've been looking at the monthly chart and from what I can see it looks primed for a very large move. The last time the chart had the same pattern was in 2003 when it went up to 4p and then onto 15p. Please DYOR though.

[taxibabe] 01/10/2016 20:52

MOONWIZ many will find these hard to buy on Monday.

[jailbird] 30/9/2016 21:22

LolMug traders follow BritishbullsSome have been calling it right from 1p:-). Two steps forward , one step back , two steps forward etc etc

[moonwizz] 30/9/2016 19:33

British bulls finally calling it a buy and talking about a potentially explosive long trade

[taxibabe] 30/9/2016 19:16

I note some moron sold 750k ASA after hours for a poxy £20k ha ha at 2.525p cause they saw gold tick down a few dollars. I wonder what those shares will be worth in a year's time?

[taxibabe] 30/9/2016 19:14

It can happen moormoney this one is big. Am particularly interested in the fact that they alluded to the unexplored undeveloped acreage on their gold mine. Could be a dozen freeda rebeckas down there.

[moormoney] 30/9/2016 18:10

GKP went to £4 plus I remember it well....now look at it! Now if Asa can do that I'm all for it :))))

[taxibabe] 30/9/2016 17:50

Yes Tim which means it has plenty of scope on the upside. Not sure when it was 400p though?

[juju44] 30/9/2016 17:46

Ning is the boyo .cant believe 5 bagged in as many months

[luckymouse] 30/9/2016 17:15

"Strategically we're considering major action to address valuation shortfall"

-that's means buy backs, major co/operational restructure or a full buy out. ie they mean business imho - you cant say they haven't signposted!