Asa Resource Share Discussion Threads

[mreasygoing] 31/1/2017 16:34

https://www.euractiv.com/section/sustainable-dev/infographic/waste-no-water-the-essential-role-of-nickel/

[plasybryn] 31/1/2017 16:27

Quarterly Operational Update due Feb?

[juju44] 31/1/2017 12:25

Gold / silver rushing north

[mreasygoing] 31/1/2017 12:06

Phili girls tell me news soon.

[juju44] 31/1/2017 09:24

Nickel looking a lot better this week . Back over 10000

[the stigologist] 30/1/2017 23:58

Yes. Just saying don't expect any short term fireworks or trust prognostications from muppets.

[mreasygoing] 30/1/2017 22:14

Decent long term investment. Your words stiggy.

[the stigologist] 30/1/2017 21:37

Nickel is almost in a bear market (20% down from recent highs - you know the ones from which muppets were ramping with b.s. about 'nickel on a tear')

[juju44] 30/1/2017 16:45

yep , a big rise

[jailbird] 30/1/2017 15:46

only a naïve investor will keep buying
one can see what is coming here...

[juju44] 30/1/2017 14:23

Nickel having a good day but no buyers here

[juju44] 30/1/2017 08:39

Own up , who sold that share

[mreasygoing] 27/1/2017 09:32

It does actually Old Man.

[mr macgregor] 27/1/2017 09:04

And that gives you comfort does it? Despite all your bluster you're like very thin glass.

[mreasygoing] 26/1/2017 19:26

At least we all know you think it's a 'decent long term investment' when we hear all your deramping.

[mreasygoing] 26/1/2017 19:25

Pot calling kettle black springs to mind. I've been holding for a long time. Ting Tong used to clean for Kalaa too. She gave me the tip for mwa.

[the stigologist] 26/1/2017 16:41

Because I have followed MWA/ASA for a long time. It is a decent long term investment and becomes tradeable when short term trading muppets like you get over-excited/over-depressed short term.

[mreasygoing] 26/1/2017 16:04

Why are you here Stiggy ? Ting Tong is gonna skin you soon, know what I mean Harry.

[the stigologist] 26/1/2017 14:51

That's b.s. like the FCA have ever done anything about such promotional stuff doing the rounds willy nilly

[plasybryn] 26/1/2017 14:17

Hi RedtrendApparently due to FSA rules it is not available for general circulation which is a shame as you get a clear sense of the potential on so many fronts particularly of course if gold nickel diamonds & copper go up.I pretty sure we can dismiss the court case as a red herring.Good luck.

[redtrend] 25/1/2017 20:42

Plas - don't suppose you have a link where it can be downloaded?

[plasybryn] 25/1/2017 20:18

Anyone digested the 30+ page share price Angel report yet?

[redtrend] 25/1/2017 10:45

Most African countries have some form of "indigenisation", nationalisation, local content. Zimbabwe is no different, just gets more attention because of Mugabe and his wild ways. Look at the BEE laws in SA and what Pan African Resources and others have to do to comply. Many other countries require majority owned by local companies/ investors.

For the purposes of Zimbabwe, it roughly means 51% equity of a Company in Zimbabwe companies/ local investors hands - look at CMCL in Zimbabwe with its main production asset 51% "nationalised" - they pay dividend and have market cap of £57m. However for ASA and other Zimbabwe companies it is not as simple as rudimentary 49-51 split. Many in Zimbabwe Government recognise the policy is broken and restricting much needed foreign investment. It has come down to individual companies submitting proposals to Government. For ASA there is company specific history and substantial Chinese investment to restart Bindura etc. that means for ASA, it is not a case of a 51-49 split.

The court case could actually be blessing in disguise - it appears without merit, but kicks the can down the road again. Mugabe isn't getting any younger.

Other countries outside of Africa have "indigenisation" in all but name. Many countries such as Egypt and Azerbaijan are going down the "Production Sharing Contract" style arrangement for mining, which is not really correct mechanism and more suited for Oil & Gas. Depending on terms, normally means Government gets over 50%.

Short-term would not be too worried about Indigenisation, but Nickel spot