Asa Resource Share Discussion Threads

[iamald] 17/11/2017 09:14

Just seen an interesting piece on cobalt on OilPrice.com about the coming prospects. Mention of a Canadian - ie, smaller, more ethical source than DRC. Looks good, but I still think that IF a Western Co could develop the African source, it would (despite the Greens complaints) prove 100 times better than "others" who will run it anyway. Affect ASA's prospects, anyone?

[timgw] 16/11/2017 15:41

If anyone want to contact the Administrator the email address is
'Mark Skelton ([e-mail])'

[jacks13] 16/11/2017 11:31

Well the longer the Administration lasts the weaker the company becomes. There's more than one way to skin a cat....unfortunately we're the cat!

[timgw] 16/11/2017 11:01

I sense that this can only be for the benefit of the Chinese criminals.

[casabella2] 16/11/2017 10:56

Just typical.We have waited for years for Mugabe to go,one way or the other.This has now happened(almost)and we are in limbo land.

[redtrend] 16/11/2017 06:15

Article from Telegraph

Zimbabwe crisis: Did China give nod to army takeover?

[wstirrup] 15/11/2017 18:58

Beginning of the end for Mugabe though... Whether he goes quietly, or on the pointy end of a bayonet, (or lead poisoning) will be determined by his actions over the coming days...

(AIMHO of course)

Bodes well for Zimbabwe, if this goes bloodlessly...

W.

[freddie ferret] 15/11/2017 16:03

Nope impale him on a sharpened stake driven into the ground. Zulu fashion.

[mreasygoing] 15/11/2017 14:43

Hang him !

[redtrend] 15/11/2017 09:44

Medium to long-term this must surely be huge benefit to the country and companies like ASA. A potential positive game-changer.

That is if the Mugabes truly are detained, the "youth" G-40 Zanu PF faction are not powerful enough to stir up unrest and derail what is becoming a peaceful coup... At least that's what I hope it is - a relatively peaceful coup, but too early to tell. Emmerson Mnangagwa appears confident enough to have returned back to Zimbabwe without impediment too. Mnangagwa is obviously no angel, but purely in terms of the here and now, it's far better than Grace Mugabe.

However in the short-term, with all that is going, ASA is a mere minnow and will hardly be at the top of anybody's "to do" list. The only thing that now matters for ASA in terms of exiting Administration is recommencing transfers from Freda to ASA. Have they been lobbying the Bank of Zim to lift restrictions and provide all the assurances that were requested? It's been ages since there's been any update.

The Administrators, lawyers and hangers-on are milking it for all its worth and very costly. ASA needs to exit Administration as soon as possible. Even with sales from Diamonds & ASA Meat assets (if these have been received), it will not last long.

[juju44] 15/11/2017 07:54

Where now for ASA

[asmodeus] 15/11/2017 07:37

Mugabe and Grace "detained".

[thecynical1] 15/11/2017 06:44

Interesting times

[caedwalla] 14/11/2017 15:19

Reports of army vehicles moving towards Harare

[timgw] 10/11/2017 17:54

Somehow I doubt that they will be.

[juju44] 10/11/2017 14:18

They haven't been caught

[skidaddle] 07/11/2017 13:27

The Chinese are renowned gamblers. They gambled that they wouldn't get caught. They were wrong.

[redtrend] 07/11/2017 12:56

Politically and economically, not looking good at mo for Zim and by extension the companies that operate there:

Robert Mugabe sacks vice-president to clear path to power for wife




Depending on how much support Emerson still has among veterans and the military, could this lead to civil conflict within ZANU-PF? Has Grace Mugabe really got enough support and clout to take over? Could be serious trouble ahead with this development. The only thing worse than Bobby Mugabe in power would be Grace Mugabe.

To compound matters the new Zim bond notes have been a complete disaster - the above article makes reference to it, but there are dedicated articles on its failure too. This lack of confidence and fear of past hyperinflation has been the reason the rich few with cash in Zim have channelled it into shares for some perceived protection. So checking the Bindura Share Price is no longer a good test of the overall ASA value.

How short-sighted and arrogant Ning and his cronies were to steal from their own company and think they could get away with it. Had they put in a bit of graft, the $7m or whatever they stole would have covered completion of Smelter (yes it would have been idle, but at least it would have been done and dusted and ready in future for a potential turnaround), would have covered re-deepening Project and at Freda they would have had 2x large mills and 2x small mills in place to be able to produce 90-100K Oz per annum, thereby also pushing AISC per Oz down to sub $1,000.

With all that in place the share price would have been at least 4-5p region, with debt getting paid down and in position to re-direct funds to DRC (Zani). They would also have been in stronger position to weather any potential political turmoil that could occur in Zim.

The increase in value of Ning's holdings would have eclipsed what he stole... The Chinese are stereotyped at playing the "long game". Guess Ning missed that class.

[juju44] 06/11/2017 20:37

What a farce this is and what corruption in financial markets

[hute17] 06/11/2017 14:03

Nickel price up, BNC share price down to 5$ct, now worth 2,1p per ASA share, exactly the amount richpro is offering for the entire company.

[juju44] 06/11/2017 13:06

Nickel over 13000 $ a ton . Bindura must be making a lot of profit now

[trevorm2] 06/11/2017 11:39

With Ning and his mates hands out of the till, could ASA be making a few quid? Come on administrators and kill the suspense.

[iamald] 06/11/2017 11:25

Added to my limit "buy" order @2p.

[iamald] 02/11/2017 15:24

Another extension - another jump in positive news for all miners, including ours, long and short term....and another silly, cheap & cheeky "offer"