Asa Resource Share Discussion Threads

[the stigologist] 22/11/2016 11:43

In June there were a TOTAL of 30 posts on this thread. Share Price was 0.4p. (That's about 1 post per day, am sure most can do that maths)

In the last month I estimate there were c.400 posts. Share Price fell from 2.8p high to 1.4p (That's about 13 posts per day)

You can draw your own conclusions about 'noise' traders.

[redtrend] 22/11/2016 11:20

All just short-term noise for me. Unless there is major unrest in Zimbabwe impacting ASA's operations or there is sustained long-term decline in both Gold and Nickel, I remain long-term holder.

Lets see what Q1 2017 brings after Fed rate hike in Dec. Repeat of last year?

[redtrend] 22/11/2016 11:16

Fundamentally at the moment Nickel is far more important to ASA than Gold, due to the refurb of the Smelter. I would be far more worried if Nickel drops below 10K/ton again for a long period than I would be of the current drop in Gold.

However sentiment wise Gold seems to always be the driving force with ASA. This may change when Smelter is up and running and benefits of Nickel at 11K/tn start to show (if it stays above). Broadly speaking the increase in Nickel has cancelled out the drop in Gold for ASA.

Considering ASA was only at 0.5p in June and shot up in space of 3 months all the way up to 2.5p, yes it would be fair to say in short-term it got ahead of itself, particularly with current change in sentiment for Gold and current concerns in Zimbabwe itself (issuance of new bond notes as "money" to support USD shortage imminent).

[jailbird] 22/11/2016 11:14

well yu can buy at 1.525...MM widened the spread to calm trading activity it seems

[mreasygoing] 22/11/2016 11:01

Yes blue ball looking like 1.35p is coming into play.

[jailbird] 22/11/2016 10:55

Big jump on the asking 2 v 3

[blueball] 22/11/2016 10:50

I am convinced 1.35p is the low.

[juju44] 22/11/2016 10:31

Nickel is just as important and it is very strong and should get stronger

[caedwalla] 22/11/2016 10:30

Or there is huge uncertainty about the future direction of the gold price undermining confidence

[jailbird] 22/11/2016 10:18

Either there is placing on the cards, or this has got ahead of itself or there is big seller offloading.

[dailylarma] 22/11/2016 10:14

You are an exemplary shareholder What every AIM CEO dreams of.Good luck to you.

[mreasygoing] 22/11/2016 08:30

I'll sell when I see the value fully unleashed. A while to wait. Delayed gratification is the most satisfying and profitable.

[dailylarma] 22/11/2016 08:17

Was replying to your post 1614. But uou knew that already.Keep adding. Just don't forget to sell when it goes up.I'm a buyer at 1.20.See you there in a few weeks.Ciao for now.

[mreasygoing] 22/11/2016 07:42

Buy some this morning dear.

[mreasygoing] 22/11/2016 07:41

Sounds like someone a bit miffed at missing out or getting wrong footed.

[dailylarma] 22/11/2016 07:18

My maths had nothjng to do with your chart.It was based the recent moves from around the current share price to about 2.20's and back down to 1.50'sAnyway, carry on son, you're doing a grand job.

[the stigologist] 22/11/2016 00:18

Not very good at maths ?

0.4p to 2.80p is 600%
2.80p to 1.50p is c.40%

I think most people would take that

So from here if repeated

1.5p to 10.5p then retrace to c. 6p

[dailylarma] 21/11/2016 23:35

So you just addWatch it go up 50%Then watch it go down 60%Then add again and watch it go up and watch it go down and add.Erm... ok.

[the stigologist] 21/11/2016 20:32

That's AIM for you.

This 'retrace' will just be a blip on the long term chart

[plasybryn] 21/11/2016 18:04

Interestinghttp://www.chamberofmerchants.com.au/gold-dollar-big-picture-weekend-report-19th-20th-november-2016/

[juju44] 21/11/2016 16:30

Good day again for nickel. Its only a matter of time . Patience folks

[mreasygoing] 21/11/2016 15:28

I'm adding and not selling any. I'm waiting for a double figure share price. This is ridiculously cheap.

[juju44] 21/11/2016 15:01

I would not despair The fundamentals ( apart from zimbabwe) are excellent and right now technicals are saying it is well oversold . I like buying into a great recovery story , such as this and then add on dips which are overdone .