Asa Resource Share Discussion Threads

[casabella2] 05/12/2016 14:56

Things are looking good here now but i do think we need to see a large increase in volume of shares to build any great momentum.

[mreasygoing] 05/12/2016 14:18

Once 12000 breaks that should be the new base to push on from.

[juju44] 05/12/2016 13:50

Nickel really is on a tear today . Looking at 12000 now

[redtrend] 05/12/2016 13:10

Whilst Bindura Smelter is viable above $10k/tn, if Nickel spot did manage to sustain a price above $12K/ tn, it may provide enough of a confidence boost to other nickel miners in the area.

The Smelter will have 50% idle capacity that could be used for 3rd Party concentrate. I can see 2 main options that could provide a nice boost here: 3rd Party Platinum concentrate and/ or the Munali Nickel Mine just north across border in Zambia. This mine appears ready to start-up but is awaiting a recovery in Nickel price.

hxxp://www.cnmplc.co.uk/the-munali-nickel-mine/

The Munali Mine is owned by a company called CNM, however the main partner is Jinchuan, a major Chinese mining company listed in HK. Coincidentally, when ASA provide an outlook on the nickel market, in the last few reports it seems to always quote Jinchuan. Geographically and from business perspective, would appear to be a good fit. Before Munali was put on care and maintenance, it used to rail its nickel concentrate down to a smelter in Botswana, however my understanding is this smelter is now on care and maintenance itself. So BNC smelter could be only show in town and even if it wasn't, sure it could put a competitive proposal together if/ when Munali is ready to re-start.

[mreasygoing] 05/12/2016 12:19

Nickel is only just starting to recover. Buy and hold.

[plasybryn] 05/12/2016 12:07

What is that per tonne? We need to get over $12000. That makes a bit difference.

[juju44] 05/12/2016 12:06

Nickel up 2% - on a tear again. Time ASA started reflecting the nickel story

[mreasygoing] 05/12/2016 10:24

Nickel on a clip today.

[juju44] 05/12/2016 08:31

Nickel on the move north again - heading for a year high . Nice

[the stigologist] 05/12/2016 08:26

Nickel up 1% but luckily no muppets embarrassing themselves claiming "It's on a tear"

[juju44] 03/12/2016 16:48

Nickel should go higher as Indonesia clamps down on miners over environmental issues with more mines to be closed

[wstirrup] 02/12/2016 23:27

Interesting news chaps/chapesses... Mugabe losing his grip?

[mreasygoing] 02/12/2016 16:35

Should see some data from the company within the next 2 weeks.

[mreasygoing] 02/12/2016 16:02

The Chinos bought a load at 5p, they want a profit on that.

[skidaddle] 02/12/2016 15:35

BEWARE OF APFINDLEY!

[the stigologist] 02/12/2016 15:32

I think some small time numpties don't understand how commodity prices move

doh!

[the stigologist] 02/12/2016 15:29

wow look at it trade in a narrow range consistent with normal daily 'noise' trading

[apfindley] 02/12/2016 15:28

From an open of just under 5.05, its now at 5.14An increase of under 3%

[juju44] 02/12/2016 15:28

haha , guess who crawled out from under his stone

[apfindley] 02/12/2016 15:27

Nickel not exactly on a tear.It still needs to nearly double to be near where it was when mwana were just about breakeven on it.

[juju44] 02/12/2016 15:23

Yep , on a tear and its showing now in ASA price. Technicals for ASA still looking good for more gains