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| 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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.925 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 1.85 | 2.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 1.925 | GBX |
Asa Resource (ASA) Share Charts1 Year Asa Resource Chart |
|
1 Month Asa Resource Chart |
Intraday Asa Resource Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/8/2024 | 21:12 | Out of Administration | 150 |
| 04/6/2024 | 14:03 | ASA Resource Group plc | 3,883 |
| 24/7/2017 | 16:17 | Takeover | - |
| 13/7/2017 | 19:48 | ASA smelter | 2 |
| 18/4/2017 | 20:40 | CHINAMEN HAVE MUGGED PUNTERS AGAIN. | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 04/2/2024 13:58 by gpgreen To think this has been out of administration for over three years with no progress. Wined the company up and give any value left back to the share holders and let us all move on. |
Posted at 19/8/2023 06:51 by plasybryn I've been in touch with a reliable source who wishes to remain anonymous. They are not very optimistic of a satisfactory outcome unless certain transactions go our way.The understanding is that RPI and the directors (some of who have significant skin in the game) are still trying to piece together what's left of the assets. Therefore they still have a very real incentive in retrieving what's left of ASA. However, the value of legacy assets is contingent upon rescuing ASA's jewel in its crown. That is Zani Kodo licences in the DRC, which were allegedly taken by a third party via questionable means despite ASA/Mwana investing over $50m in exploration across a 10-year period. Back in 2016/17 Zani Kodo had a 2.7m oz resource so that would suggest a value in excess of $200m at today's prices. It would need significant investment to realise this value but RPI has deep pockets. My source says if the current directors don't retrieve these licences then what remains will probably be crystallised in an orderly fashion, but will not be meaningful for existing shareholders. So it looks like it's an all or nothing gamble on these licences!I believe there is general frustration on the promised accounts and the anticipated shareholder communication. I wonder are they waiting on a breakthrough in the DRC before going more public - just my hunch. My source's experience considers approaches to the FCA to be largely a waste of time because previous efforts never came to anything. But what other avenue is there?I heard from a separate source that Mr Dearing is no longer a director but he may be assisting/consulting on outstanding legal matters which I guess must directly or indirectly help if the above efforts come to fruition.Like others, I am amazed that there is apparently no investor protection in these circumstances. Some investors believe that the existing controlling owners could in theory walk away with whatever is recoverable, but I understand there is goodwill in sharing the spoils (maybe in the form of a share buyback) if the current directors secure the ZK licences in the DRC. |
Posted at 08/8/2023 19:37 by gpgreen I think the address is farcical, it may as well be a PO box number. You are not going to find a ASA representative there. It is just somewhere to collect the mail from. I think it is done on purpose to stop any shareholder rocking up and challenging the management. Like I said answerable to no one. The website talks about the "objective of increasing the value of the Group’s assets for all shareholders. So tell us what you have done. It is three years this month since we came out of administration. Time we were told of the progress.Asa Resource Group plc Barnes Square Methodist Church Sunday School Church Street Clayton le Moors Lancashire BB5 5NX |
Posted at 27/6/2023 16:17 by casabella2 Today i have again mailed ASA Resources regarding any news. Lets hope i hear something this time.I will post here if i do. |
Posted at 18/6/2023 15:06 by casabella2 I have sent 2 emails to ASA resources over the last couple of weeks and as yet not got a reply. Surely somebody should be able to reply to them. |
Posted at 18/9/2022 13:17 by plasybryn Asa Resource Group plc is formerly a London AIM listed mining and exploration company which had gold and nickel mining operations in Zimbabwe and diamond operations in South Africa. Previously it was known as Mwana Africa plc. In 2017 it experienced financial difficulties which caused the Company to enter into Administration in August 2017.The financial challenges had been brought to a head as a consequence of perceived irregularities in Zimbabwean subsidiaries under the direction of Ning Yat Hoi and Kwan Yim Chiu, former executive directors who were assisted by other employees brought into the subsidiaries by them. Post Administration Asa Resource exited from a period of Administration under the supervision of the High Court in August 2020. Asa Resource is the holding company of a Group of subsidiary interests in companies in UK and Africa that include various legacy assets which were not disposed during the Administration. A new Board of Directors was appointed to manage the innumerable challenges arising from both the effect of administration and the neglect of subsidiaries during the Administration period. Shares in the company were formerly listed on Alternative Investment Market in London but were de-listed during the period of Administration. There is no current active market for the sale or purchase of shares. The interests of the Group which have the most potential value are in Democratic Republic of Congo (DRC). These are gold mining exploration rights at Zani Kodo and some property interests. Current status The present focus of the Board is to restore the Group and the Company to good standing in all of the jurisdictions in which it operates. This includes regularising and clarifying its subsidiary interests and consolidating the Group so that the inherent value within its asset base can be realised for the benefit of all shareholders. The actions of the Board have been limited by the ongoing effects of the worldwide Coronavirus pandemic restricting travel. In the immediate foreseeable future the Board intends to establish an ongoing office and staff presence in Kinshasa DRC to maintain communication links with government and provincial officials, other stakeholders and subsidiary shareholders. Legacy issues from the Administration remain and the Board is undertaking steps to conclude residual litigation with former directors and collect sums outstanding due to it so as to assist it in financing the expenditure perceived necessary to realise value from its assets in DRC. |
Posted at 17/9/2022 08:42 by casabella2 InvestorsFollowing an open offer in 2017 the majority of the issued share capital of the Company is owned by Rich Pro International Limited. There are many small shareholders who did not accept the offer by RPI at that time. Additionally, there are a number of shareholders with significant holdings who are engaged in dialogue with both the Board and Rich Pro with a view to ensuring that the interests of minority shareholders are not overlooked. The Board is committed to looking to the interests of all stakeholders, including shareholders both large and small. Whilst the shares remain unlisted there is no open market for dealing in shares. Steps are underway for paper certificates in respect of shareholdings which were formerly held electronically under CREST to be issued to shareholders. There are no immediate plans to return funds to shareholders or to wind up the Company and there are no immediate plans to seek a re-listing of the shares on AIM or any other stock exchange. General meetings Annual General Meetings (AGM) of the Company have not been held since 2016 owing to the Administration. As soon as the Directors are able to lay an annual report and accounts before shareholders an AGM will be convened. The date, time and place of any General Meeting will be circulated to shareholders and detailed upon this website. Owing to continued travel restrictions it is possible that the full board of directors may not be present in person and a virtual meeting may be held instead. |
Posted at 31/5/2022 09:51 by skidaddle Perhaps there's a chance of ASA becoming a shell company?Personally I wouldn't want Dearing in charge. His character judgement is seriously wanting. |
Posted at 14/12/2020 21:12 by bcape Just read the Final Administrators Report... nothing like having the opportunity to spend the most they could against the realiseable value of a company...Assets sold off cheaply before asset prices improved, stolen funds not recovered, major levels of Administrator & Lawyer charges, many bills accepted - so ASA shareholders royally screwed... Only £6m left of the £26m released for the assets which should have been worth at least treble that given our turnover was £84m. Some of £4m might come back if one creditor loses part of their claim, but no certainty there either. ASA Market Value into Administration was £33m, when the ASA share price was 1.925p so, the £6m cash is potentially worth 0.35 a share. Better than nothing? |
Posted at 18/11/2020 23:53 by bcape Looks like 1.925p was the final ASA share price before Administration.If other information here is right, post administration fees, the forced sale of BCN cheaply & unrecovered theft, the share price ought to re-start around 1.2p a share, for the cash alone. Not a lot, but only about a 50% loss instead of 100% for me; if there are any buyers of course. It could be an interesting morning or the end of our hopes... |
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