Asa Resource Share Discussion Threads

[mreasygoing] 11/11/2016 18:26

Not when I had a look. I've held since it fell in the commodities fallout, held and added at the bottom and am happy to hold on the ups and downs of a new commodities bull market.

[jailbird] 11/11/2016 18:08

I tried dummy buys in large 500k + No problem when there is at least 2 on the ask at the time Could sell 250k + as well So liquid both ways

[mreasygoing] 11/11/2016 16:52

The flag can be down sloping. I can't be bothered selling any as it is a bun fight to buy back in any quantity.

[jailbird] 11/11/2016 16:10

LolIt is making a flag or that is all baloney.Ppl comments on charts accurately only once the formation is made.. i.e. After the event If it fails , then it never happened as being predicted Balloney MAs are indicators

[juju44] 11/11/2016 16:02

Any further fall will negate the flag . We shall see

[jailbird] 11/11/2016 15:55

Then he should rise now Geng

[jailbird] 11/11/2016 15:55

So what has caused the fall?Do not tell me about gaps ..Does this Company need cash?... only thing I can think may cause this failure to move above 2.5p after a few attempts ... many are unexpectedly raising cash on price recoveries , even though there is no obvious reason initially

[geng] 11/11/2016 15:53

The GAP has filled!

[juju44] 11/11/2016 11:44

Nickel heading for 12000$ . Major stuff for ASA . Dip is a buying opportunity

[mreasygoing] 11/11/2016 11:11

I forgot Mugabe is one of the good guys. I hear he has his own personal embalmer flying with him now.

[juju44] 11/11/2016 10:38

Mugabe is not the problem, its the US crime machine playing their moves with gold

[skidaddle] 11/11/2016 10:32

Nickel $11,705.

[mreasygoing] 10/11/2016 18:39

One word to spoil it "Mugabe"Two words to redress that "Mugabe Dead"

[jacks13] 10/11/2016 18:11

casa - One metric worth keeping an eye on is the price/book ratio. Three years ago it was around 1.0, it is currently about 0.4, so an unwinding of that would give a share price of around 5p (and the currently reported book value is probably underestimated). Not saying this will happen but ASA represents a good value play in my opinion. Hope that helps.

[skidaddle] 10/11/2016 17:56

"It is a producer of gold , nickel and diamonds"

Probably producing some quite nice steaks at the moment as well.

[asmodeus] 10/11/2016 15:04

Casa - I suggest looking back through the posts, and reports from the Company and making your own decision.

[juju44] 10/11/2016 14:18

Still in the flag. Crimex still in control of PM's so if all the current global black swans change nothing , what will ?

[jailbird] 10/11/2016 14:15

Well it is up or sideways.On current news and no negative surprises , safely say 2p is the floor It is a producer of gold , nickel and diamonds

[casabella2] 10/11/2016 13:54

Asking nobody for investment advice thank you very much.Been here since African Gold days.With smelter coming through and gold rising in price just wondering where we are going.

[jacks13] 10/11/2016 13:35

casa, do you normally ask complete strangers for investment advice?

[casabella2] 10/11/2016 13:32

I think i was trying to ask a serious question as to where we are heading.

[the stigologist] 10/11/2016 12:33

Yes rodders, this time next year we could be millionaires

[casabella2] 10/11/2016 11:57

So are we saying in another 12/18 months maybe ASA could be massive.

[the stigologist] 10/11/2016 10:52

Chartwise Nickel is in the same place ASA was from 0.9p to 2.8p i.e. a 'melt up' zone where there was very limited resistance and the stock just seemed to melt up on no real new news

The Nickel 'melt up zone' with no resistance is in the $5-$10/lb range which doesn't sound like much but put it into per tonne terms and you're looking at a move from $11,000 per tonne to $22,000 per tonne

At 65% of $22,000 = c.$14,000 vs AISC c$5,000 per tonne
= cashflow of c.$70m p.a.

At 85% of $22,000 = c.$19,000 vs AISC c$5,000 per tonne
= cashflow of c.$110m p.a.