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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.925 | 1.85 | 2.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
08/8/2017 14:08 | ‘…direc Think anyone will notice? | jacks13 | |
08/8/2017 08:34 | Both copper and nickel. | skidaddle | |
08/8/2017 05:08 | Skidaddle Correct me if I am wrong but I thought Cobalt is a bi-product of Nickel mining | jailbird | |
07/8/2017 18:34 | For What It's Worth. | asmodeus | |
07/8/2017 17:23 | What's FWIW mean? | postiga08 | |
07/8/2017 15:16 | "Mwana has a 100% interest in 33 exploration licences covering about 4,721 km² in the Katanga copper belt region of southeastern DRC (figure 1). The Hailiang Joint Venture, signed in February 2013, covers 27 licence areas, with a commitment by Hailiang to spend $25m over a four-year period. In terms of the JV agreement, the licences will be transferred into a development company in which Mwana will hold a 38% non-dilutable stake. Also under the joint venture agreement, Hailiang had a six-month option over the Kibolwe licence, which has expired." So..........what was found and who knows. I bet you Ning does! There is a conflict of interest here. Hailiang took a majority interest in the copper licences by fullfilling the $25m drilling obligation, so they were paid in kind for the drilling and now they want to buy ASA whilst witholding what could amount to price sensitive information about the drilling. | skidaddle | |
07/8/2017 12:01 | Thank you Skidaddle, I made the point in my January summary. Mr MacGregor - 12 Jan 2017 - 13:06:43 - 1927 of 2758 DRC Copper - Assay results from drill cores from five priority targets have been due since drilling was completed in November 2014. Company says "we are reliant on them (Hailiang) as to when they choose to confirm exploration findings"...cough Shareholders haven't shown much interest in the Hailiang con over the years. | mr macgregor | |
07/8/2017 09:40 | I've been reading about cobalt as a bi-product of copper mining and how Lithium Cobalt Oxide is the main compound used in Lithium Ion Batteries. Katanga in the DRC is a main area for copper and cobalt. Funny how we never got to see the results of all that drilling by Hailiang. Funny how our management team never pressed Hailiang on the results either. Perhaps the administrators should. | skidaddle | |
07/8/2017 08:09 | Does he also know how many shares you have? | mr macgregor | |
04/8/2017 11:40 | Sadly there does not seem to be any law that makes Chinamen stealing money from companies in Africa trading on UK markets illegal. I wish I had known that at the time. Later: Got a note from my broker about the offer which I am not taking up. It does however say that if the offer becomes unconditional that they will sell my shares regardles. FWIW I am having social dinner with a VERY big shareholder next week. Will be interesting to hear what he has to say as he knows I have a comparatively tiny holding. | timgw | |
04/8/2017 11:27 | Anything to do with Dearing should be avoided. he should be locked up | juju44 | |
04/8/2017 11:19 | Thanks for that article. So Richpro are suspected of being a front for Ning and Yim Kwan, who have removed the $4 million. Ning steals money; share price collapses, then a front for Ning makes a low bid perhaps even financed by some of the company's stolen money ?! I suppose having got away with so much up to now (with Dearing help )...they thought they could get away with anything. Mindboggling. | gfrae | |
04/8/2017 09:22 | hxxp://www.herald.co | petefurlepa | |
03/8/2017 19:20 | Perhaps any bid should be made conditional on the basis that those who have illegally taken money out of the company (and assets) give them back. | timgw | |
03/8/2017 15:48 | Initially what you are giving them is your voting rights. No one gets any money until the bid is finally accepted. | skidaddle | |
03/8/2017 14:59 | Skidaddle. Thanks. My point was based on the following - they offer price X valid until day Y. If you accept the offer, they give you the money in line with the agreed payment terms nd you no longer have a holding. If they then increase the offer, you no longer have any shares so how does the increased offer apply to you? | thecynical1 | |
03/8/2017 14:52 | Because it's in the regulations. Besides why would anyone do an early acceptance if they could end up getting less than late acceptances. It's in the offerors interest to get early acceptances to guage the level of interest and give some kind of idea of what the final take out price could be. If everyone piled in at the first offer price, the offeror might start to think they paid too much. That's why most intial offers are seen as too low. | skidaddle | |
03/8/2017 14:35 | Jacks...why would they have to apply an improved offer to those who had already accepted.? | thecynical1 | |
03/8/2017 13:01 | postigas, they can change the terms of their offer at any time. In respect of an increase in the price, if that were to happen it has to apply to all acceptors including those who have already agreed to the initial lower price. They cannot reduce the offer price. | jacks13 | |
03/8/2017 11:45 | I would imagine that RPI will have to deal through the administrators now and not the management. At least temporarily. | skidaddle | |
03/8/2017 11:39 | What are the terms for RPI making a better offer? Would that come before the expiry of current offer? Or must it wait till after? | postiga08 | |
03/8/2017 10:32 | We have been told that it was the company, not the administrators, that requested the suspension. Although that is perhaps splitting hairs as it might have been the administrators that gave them preemptive advice ahead of their own appointments. An acceptance of the offer is the giving of an undertaking to sell at the offer price (or higher if the offer is improved upon), not the actual sale. That can follow later, and RPI are not contractually bound to take up the acceptances in any case. My broker is advising that the offer is still open and is taking instructions. If RPI accumulate enough acceptances they have a position from which to negotiate with the company and the administrators. How that would pan out would obviously be influenced greatly by the level of acceptances they have in their pocket and the strength of the cash position of ASA as exposed by the administrators' investigations. If RPI have (the potential for) a controlling interest and the administrators have privately indicated to the BoD that ASA isn't looking like continuing as a going concern then the shares will exit suspension and RPI will most likely extend the period of acceptance in order to get to 90%. On the other hand ASA’s BoD might be up for a fight. We shall see. | jacks13 | |
03/8/2017 09:44 | whats the situation if you are an African Gold holder AG became Mwana which became ASA Are AG certs valid | resourceful | |
03/8/2017 09:33 | The RPI offer will more likely expire, especially if Ning claims the 5th. RPI may be able to persuade Ning to cooperate with the administrators to get things moving again! | skidaddle |
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