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
  -0.075p -3.13% 2.325p 2.25p 2.40p 2.40p 2.325p 2.40p 1,340,418 14:13:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 102.7 10.0 0.2 11.3 39.30

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Date Time Title Posts
26/10/201614:21ASA Resource Group plc1,352
11/9/201616:19ASA smelter-
05/4/201202:25American SouthAfrican Gold Fund45

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Asa Resource (ASA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
27/10/2016 15:55:362.3916,510395.00O
27/10/2016 15:41:122.3641,822988.04O
27/10/2016 14:46:412.3661,3751,449.98O
27/10/2016 14:12:442.29305,8166,989.73O
27/10/2016 14:09:042.4311,195272.04O
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Asa Resource (ASA) Top Chat Posts

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 2.40p.
Asa Resource has a 4 week average price of 2.33p and a 12 week average price of 1.61p.
The 1 year high share price is 2.78p while the 1 year low share price is currently 0.30p.
There are currently 1,690,145,443 shares in issue and the average daily traded volume is 2,714,500 shares. The market capitalisation of Asa Resource is £39,295,881.55.
juju44: Bindura share price doing very well with the climbing nickel price. Not being properly reflected here
the stigologist: With $150m+ of revenue per annum they do have the cashflow to service debt and any bullet repayments ? Given the strength in the share price and possibility of strategic action with ASA Gold they also have equity raising potential now. In contrast to previous periods they don't have the Mpinga empire-building dead weight of lots of pointless exploration expenditure either.
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."
riskvsreward: It is as simple as this. Ning and his backer paid big money at about an average price of 4 to 5 p a share about 4 to 5 years ago. If it were you what return would you expect from a risky investment like this. I would not accept anything less than 20% compound, so from Ning's point of view he must foresee a share price north of 10 p or even a lot more in the next one or two years to justify his investment and hard work. A lot of people here are very judgmental an prejudiced. Why cannot Ning as an investor like you and me expect a good return for his money?
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: The chart demonstrates potential to gap up from 2p to 4p and 4p to 6p so now is the time to make positive announcements, stock is tightly held and so share price could 'melt up' on very little.
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.
wstirrup: This company's price has for years been largely a factor of the political climate that exists in Zimbabwe - with Mugabe at the helm, and the failing economy, that has stripped many reasonably well educated Zimbabweans of a reasonable living standard. The price to build all the mines, equipment, and infrastructure such as housing for miners, schools etc that this company has over almost 2 decades, shows they care about their workforce, but has provided little solace to short-term speculators (such as myself and others here) of a profitable outcome. When it was reported several years ago, that Mugabe was ill, the share price rocketed to 65p... But to paraphrase what Mark Twain comically observed... "Reports of his demise, had been greatly exaggerated..." Still, at 92, with 36 years in power, his days are numbered. Before 2020? I hope so, because the greatest spike in precious metals prices is set to befall us, as all that funny money comes home to roost. I've been down this road once before back in 1972/73, when the money supply was expanded by 25%, the following year prices went up in Britain 26.9% Ok. I know we had labour unions that were effective back then, but as someone far smarter than me once said, "There's nothing so certain, as an idea, whose time has come." (Victor Hugo? I think.) And today's youngsters, are desperate for change. That's why they voted for Herr Corbyn, and Donald J. Trump, in such large numbers. All those under 45, have a rosy view of the power that politicians exert, and the real power behind the throne is the men who control the money, but that game of cards is coming to a close - hTTps:// But Andrew Maguire too thinks the shell game is coming to a close soon. hTTp:// Here's why... Http:// W.
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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