Asa Resource Share Discussion Threads

[jailbird] 14/11/2016 15:09

2 v1 moved back up for now

[jailbird] 14/11/2016 15:02

can sell 500k @ 1.58p..buy 250k @1.6p....online market size varies broker to broker.

Tempting to buy now

[dailylarma] 14/11/2016 14:23

LowerTest 1.50

[jailbird] 14/11/2016 14:21

2v1...going down again

[casabella2] 14/11/2016 13:36

Hopefully it will go back up as quick.

[jailbird] 14/11/2016 13:33

hopefully that 1 milion is the large sell which caused the current price to 1.65/1.7p

L2 is now 3 v 1

[dailylarma] 14/11/2016 13:21

Thise who sold above 2 - well done.Those that held hoping for much higher, clearly you have given back your gains and must wait for the next cycle.Don't get greedy.

[jailbird] 14/11/2016 12:40

In my opinion, bacause of stronger dollar and interest rate increases

GOLD will settle around $12000 and
Nickel around $11000 +
Copper will fall back to $2

which is still on the whole is positive for ASA

[mreasygoing] 14/11/2016 11:46

Had a few more for the next 12 months.

[mreasygoing] 14/11/2016 10:10

This is one of my share picks for 2017.

[jailbird] 14/11/2016 09:53

But will this positive or negative?

Is it documented when is the process to list ASA GOLD as a separate entity is planned? .

Asa Resource Group
Annual Report 2016
40

Asa Group is always looking ahead – to better ensure its future success, it is embarking on a comprehensive gold strategy. One of the primary aims of the strategy is to consolidate all gold-mining and exploration assets under one subsidiary company within the Group. This is part of a wider, long-term goal to segment its assets by commodity in a more formal way.
This step will lead to the horizontal and vertical integration of its operations, which will help it to be more
efficient and reduce operating costs. To this end, management has been working hard at streamlining mining operations by allowing operational staff to work more closely with the Group executive.
The Group has impressive gold-mining and exploration assets in both Zimbabwe and the DRC. These assets would dwarf the current combined value of the Group if they were valued independently and on a pure book-value basis. In order to unlock the true value of these assets, Asa Group is exploring the possibility of listing a separate gold subsidiary, Asa Gold. This plan is part of the Group’s constant drive to increase shareholder value. It is also based on the fact that some investors discount multi-commodity miners, since they do not offer exposure to one metal.
Under Asa gold, revenue generated by operating mines, such as Freda Rebecca in Zimbabwe, will be used
to fund gold resource development and mining activities within the Group. Management, technical and
operating skills within the new gold company will be shared and used across the subsidiary’s operations

[stansmith3] 14/11/2016 09:51

wtf has gaps and news got to do with it, large block sales every day for a week or two

[mr macgregor] 14/11/2016 09:50

I'll look for another six bagger with my profits thanks all the same.

[casabella2] 14/11/2016 09:49

Volume going to be big today,something stirring in the ASA vaults.

[mreasygoing] 14/11/2016 09:37

If people think shares go up in a straight line, particularly AIM shares then I suggest you find a more suitable place to put your money. Like under your bed.

[juju44] 14/11/2016 09:29

yep , gaps almost always get filled and with a bit to spare. Whatever manipulation is going on in the markets now will wash through and this will go up again.

[geng] 14/11/2016 09:27

The GAP theory was correct - The GAP filled (as they almost always do).

No one says that will be the end of the fall - in fact there is normally a bit of overshoot.

[plasybryn] 14/11/2016 09:26

Tried to copy link to chart but doesn't work. Sorry.

[plasybryn] 14/11/2016 09:24

Yes but our main stream of income this financial year comes from nickel which is well up.
Next year gold will have a much bigger role to play especially if prices recover.
I think the market has missed that important point.
Charts say buy c. 1.75p on retracement.

[juju44] 14/11/2016 09:21

Charts wont easily out gun the metal direction. Confidence in the metals has tumbled yet again - for now

[jailbird] 14/11/2016 09:17

So there goes the flag and the gap filled theories.

I am sure a new formation will develop and someone will mention that.

Load of baloney

[juju44] 14/11/2016 09:13

Chart pattern shot to hell but at least it is mow well into oversold territory and should soon bounce.These miners cant fight the metals and the metals go where the gangsters want to put them

[casabella2] 14/11/2016 09:03

Lots of early share trading so far this am.

[mreasygoing] 14/11/2016 08:50

Buy the dips.