Asa Resource Share Discussion Threads

[tidy 2] 16/11/2016 11:01

Isdx 280k full ask paid btw guys.

[juju44] 16/11/2016 10:33

yep , time for another move north

[jailbird] 16/11/2016 10:33

CFEP has a few to sell as yesterday..when this MM is done then we will be up again

Looks like correction was commodities as a whole..

edit

just moved up 2 v 1

[juju44] 16/11/2016 10:28

The oversold situation persists and I expect the recovery to continue. Gold needs to behave

[redtrend] 16/11/2016 10:13

Putting things in perspective, Gold's loss of $100 in last week equates to loss in potential operating margin of $7m (70K Oz/ yr x $100)

However, Nickel has gained some $1,000/tn, which equates to a potential increased operating margin of $8m (8K Tn/ yr x $1,000)

So all in all, they cancel each other out. On top of that the last quarterly update shows the Company continues to make very good progress and we are getting closer and closer to potential smelter restart.

Although it may seem like a violent correction, it is a healthy correction that was required - it was only back in June ASA was ca. 0.5p and I was throwing everything at it.

[redtrend] 16/11/2016 09:55

We should be receiving copper results, although for some to say "any day now" on LSE board is not based on anything at all as far as I'm aware. Just like the panicking over there regarding a "placing" to try and explain share price decline was completely unfounded rubbish... Clear to see sentiment has somewhat turned the last week on all miners, particularly smaller operations - not ASA or company specific at all.

On the copper front, RNS on 5 May 2016 provided an update that Zhejiang Hailiang had fulfilled the relevant investment and mining exploration obligations. RNS of 29 Sept 2016 gave minor update (after question was asked at AGM) that ASA "are awaiting confirmation of their latest exploration findings and once these are JORC compliant we will be able to make the appropriate announcement"

ASA's 38% equity in DRC Katanga area as non-operator could turn out to be another major boon if there is indeed a JORC compliant resource stated... ASA's market cap is still undervalued just taking into account the Gold & Nickel (based on current spot prices), let alone Copper and Diamonds!

[tidy 2] 16/11/2016 09:50

That's an improvement on yesterday at this level which was 1v3. Seems MMS are happier to release the brakes.

[jailbird] 16/11/2016 09:42

Currently moving up this morning to.

Level 2 is 1v1

[tidy 2] 16/11/2016 09:37

Jb this is true. I was actually in wind up mode last night, my apols.

[tidy 2] 16/11/2016 09:11

MR easy no I don't mean that at all. Capture the imagination and desire to hold.

[plasybryn] 16/11/2016 08:25

On LSE they seem to think we could be getting copper news from our J.V. partner soon.

[mreasygoing] 16/11/2016 00:44

You mean pump and dump ?

[tidy 2] 15/11/2016 23:54

Goons holding this stock need to realise regardless of how good it is it's still an aim stock and requires buyers to bring them profits on their holdings. Promote !! x

[tidy 2] 15/11/2016 20:10

British Pound & Dollar to Rise, Euro to Fall in Post-Trump Exchange Rate Landscape say BMO Capital MarketsWritten by Joaquin Monfort on 15 November 2016https://www.google.co.uk/amp/s/www.poundsterlinglive.com/eur/5749-pound-to-rise-and-euro-to-fall-in-post-trump-landscape-say-bmo-capital-markets/amp?client=safari

[tidy 2] 15/11/2016 14:36

Trump's $500 billion infrastructure promise drives a metals rally bloom.bg/2eDCJiO

[tidy 2] 15/11/2016 12:27

Yes sorry gained an extra £6k. Cheers

[mreasygoing] 15/11/2016 12:24

I meant your sell last week and buy back today ;-) If I read correctly. Great volume today. Next leg up soon. A lot who missed the first rise have jumped on board. Big gains to be had if you can hold on.

[tidy 2] 15/11/2016 12:07

#ASA. Held at 50% Fib today from the most recent high. Still a nice looking pennant in play & play on #NICKEL.https://twitter.com/antmwah/status/798218168976207872Chart by ant. Target 4.5p once broken through pennant

[juju44] 15/11/2016 12:04

Yikes as I write

[juju44] 15/11/2016 12:04

Well oversold and will head north from here

[tidy 2] 15/11/2016 11:32

Picked up 1m today.

[tidy 2] 15/11/2016 11:23

I bought not sold with that offer.

[mreasygoing] 15/11/2016 11:15

Good call with your sell degseeee. Long term there is much bigger gains to be had. You may get wrong footed next time ;-)

[tidy 2] 15/11/2016 11:01

Nice reversal today from oversold TA and funds.

[juju44] 15/11/2016 10:58

Got a bit to climb to be as nice as it was