Asa Resource Share Discussion Threads

[the stigologist] 28/11/2016 21:28

riskvsreward 17 Nov '16 - 17:36 - 1588 of 1687 1 0

someone sold 7.5 m at 1.61 p. Does he/she know something we don't?



juju44 17 Nov '16 - 20:14 - 1590 of 1687 0 0

Been massive selling last few days . Hard to be joyful . Maybe suits know where gold is going

[juju44] 28/11/2016 21:15

Technically ASA is primed for more gains as the indices having been bombed and shares way oversold are now turning up from these low levels .I remain optimistic of further to travel north in the short term at least

[blueball] 28/11/2016 20:07

Maybe they are however its a Bull Kumo break-out today.

[mreasygoing] 28/11/2016 17:45

Blue ball they're a waste of space.

[redtrend] 28/11/2016 16:36

Got to love the comedy value that everytime AP raises his head and talks about AISC being out of control, which is patently false, ASA come out with a timely RNS showing a profit and the share price goes up 25% in a day.

[blueball] 28/11/2016 16:31

Todays your lucky day will be 4p by xmas.

[asmodeus] 28/11/2016 16:15

Well he must still be steady on his feet, then. According to ADVFN, share price is now up 26.8% (at 2.25), and 13 million shares traded ! (16.14 pm)

[moonwizz] 28/11/2016 15:52

Baron saying he'll be staggered if it doesn't go a lot higher

[mreasygoing] 28/11/2016 15:50

Well done those who bought the dip and held. Well done traders for making a few percent for fish and chips. Steak coming for those who can control their need for short term gratification.

[mreasygoing] 28/11/2016 15:35

Chips cheap and they know it.

[mreasygoing] 28/11/2016 14:41

Yes indeed, so the chips are very cheap at the moment.

[juju44] 28/11/2016 14:34

Good lift for Bindura on Zim exchange. ASA holding worth nearly 1.9p now

[the stigologist] 28/11/2016 13:55

BNC's stated medium-term C3 target remains in the range of $5,000/t - $6,000/t over the medium-term. If, as many expect, the nickel price stays above $10,000/t, investors can clearly calculate the price dynamics shifting in Trojan's favour. Additionally, once the smelter is in full production next year, BNC's percentage of the market price increases demonstrably. Couple this with transport savings, arising from shipping leach alloy instead of the much bulkier concentrate, and margins increase steadily.

In this respect, management believes BNC has weathered the worst of the storm. Operating costs are well under control and with the smelter coming on stream at a time when the nickel price is normalising, it's reasonable to expect BNC's future to be much brighter than in the recent past.

------------------------------------------

At $12,000/tonne / 85% is c.$10,000/tonne

C3 cost $6000/tonne

7.5k tonnes p.a. x $4,000/tonne profit = $30m p.a.

[redtrend] 28/11/2016 13:43

Based on the last smelter update which I think was the RNS in Sept after AGM, it was Q1 2017

[casabella2] 28/11/2016 13:10

Nice results from BNC.Smelter 71% complete.Might have missed it but when was completion date.

[mreasygoing] 28/11/2016 12:57

New Sharia gold market will impact prices.

[skidaddle] 28/11/2016 12:15

Posted 5 hours ago.

"The copper price added 7.7% last week, while nickel rose more than 6% and tin continued its good run. Both zinc and lead enjoyed double digit gains with the former reaching a near nine-year high.

In a new report BMI Research, a unit of Fitch, says the gains in metal prices this year is set to continue in 2017 thanks to infrastructure spending in China and to some extent in the US and the UK, but at a much more modest pace.

The researcher also cautions about the outlook beyond 2017 as the withdrawal of Chinese stimulus could increase the risk of a fallback in some commodities particularly coal and iron ore."

[casabella2] 28/11/2016 12:07

Just chipped in with another 20,000.

[the stigologist] 28/11/2016 11:34

On one level ( a backwards looking analysis) AP Findley is right. ASA tends to trade as a Nickel stock as this picture attempts to show. Someone more clever than me can combine the charts?

However that makes two positive points for the future

1. ASA Gold separate listing seems a good idea as no value is given to Gold in ASA share price

2. The historic backwards looking chart doesn't take into account ASA having BNC smelter back in operation and ready to take advantage of higher nickel prices

ASA + BNC gives opportunity for SUPERNORMAL profits

[redtrend] 28/11/2016 10:03

AP - still spouting completely false statements, sticking to the same line you had when ASA was 0.5p.

[mreasygoing] 28/11/2016 10:03

All these guys sold out and thought they could buy them all back lower. Hard cheese guys. Start throwing buns.

[mreasygoing] 28/11/2016 09:57

No stock, lol. Bun fight time.

[mreasygoing] 28/11/2016 09:56

WELL WHY ARE YOU HERE THEN APFINDLEY ? Arrange these words. .... End Bell.