Share Name Share Symbol Market Type Share ISIN Share Description
Asa Resource LSE:ASA London Ordinary Share GB00B0GN3470 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.30p +15.79% 2.20p 2.15p 2.25p 2.275p 2.05p 2.10p 7,561,690.00 14:41:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 102.7 10.0 0.2 11.1 37.22

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Date Time Title Posts
28/3/201718:43ASA Resource Group plc2,184.00
07/11/201614:23ASA smelter1.00
05/4/201202:25American SouthAfrican Gold Fund45.00

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Asa Resource Daily Update: Asa Resource is listed in the Mining sector of the London Stock Exchange with ticker ASA. The last closing price for Asa Resource was 1.90p.
Asa Resource has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 1,692,020,443 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Asa Resource is £37,224,449.75.
mreasygoing: I mean, You ain't seen nothing yet, in terms of share price performance. The share price is on the cusp of going mental. Be patient and hold tight.
juju44: Yep , on a tear and its showing now in ASA price. Technicals for ASA still looking good for more gains
the stigologist: 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
the stigologist: 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.
jacks13: casa - One metric worth keeping an eye on is the price/book ratio. Three years ago it was around 1.0, it is currently about 0.4, so an unwinding of that would give a share price of around 5p (and the currently reported book value is probably underestimated). Not saying this will happen but ASA represents a good value play in my opinion. Hope that helps.
mr macgregor: Thanks, your valuations are always so reliable. apfindley - 20 Jul 2016 - 06:35:09 - 572 of 929 ASA share price 0.65p These results are dire. You cannot blame Mpinga as he was already gone before the reported period started. These results are purely down to current management, and the losses reported are horrendous. And they had to raise equity, so it gets even worse. Where are the rampers who LIED and told everyone a few weeks ago that bumper profits were to be announced. Well they pumped the price from around 0.5 to 0.8 so job done, they ran off with their profits, leaving everyone else with expensive stock. And now the price is going down on these disastrous results."
the stigologist: The Chinese Management are engaged and active... we have always had assets worth potentially $1000m+ here We badly needed Management who could communicate that and bring that value out This shows they are planning exactly that 29/09/2016 07:00 ASA Resource Group PLC Trading update, Co Sec & Director dealing 27/09/2016 15:37 ASA Resource Group PLC Result of AGM 27/09/2016 11:25 ASA Resource Group PLC Board Changes 23/09/2016 08:45 ASA Resource Group PLC Trading Update and it gives confidence this is just the start Potential now for a virtuous circle/spiral of the Company delivering , the share price going up and giving currency for further investment and realisation of value... and the share price going up and giving currency for further investment and realisation of value etc etc
the stigologist: The commentary out of the AGM seems very positive. I think the Management changes are interesting but can't really see the immediate reason for them? Presenting a more 'Indigenous' face to Zim authorities perhaps ? OR maybe they are serious about splitting off the ASA Gold bit (The Chinese could lead that listing in China). Then Rump ASA i.e. Bindura Nickel could be run by the Zim guys with Bindura background ? On valuation an ASA Gold listing would be 'all bets off' type announcement. $250m+ valuation for ASA Gold on UK listing or $500m+ on Chinese listing and you'd be looking at a share price of 10p+ could come very quickly here.
the stigologist: On a 3-6x cashflow multiple i would expect share price of 10-20x current i.e. 20-40p casabella226 Sep '16 - 07:13 - 922 of 923 0 0 Morning.Any ideas what sort of share price that would give.
gwr7: Oh and the value of the company hadn't slumped under Mpinga? Look at the ten year chart and that clown had the gold price well in his favour. Weak whingeing using Dearing as a scapegoat imo and the way you keep banging on in this one track fashion reminds me very much of lucky punter (tracylied), you know, the one we exposed as a useless plank last year. If nickel rises then the ASA share price rises. Second guessing Chinese motives on a daily basis is extremely tedious. I suggest you take the risk or find somewhere better for your money. It's not difficult.
Asa Resource share price data is direct from the London Stock Exchange
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