Asa Resource Share Discussion Threads

[casabella2] 08/7/2016 14:04

"before the inevitable comes"?

[paul the octopus] 08/7/2016 13:27

Yes, they brought the results forward because they couldn't wait on telling his fantastic they are, not because they appointed share price Angel as joint broker while Lendsome bailing out before the inevitable comes

[loafingchard] 08/7/2016 12:48

Another high volume day with decent buying. Looking like a bottom maybe in to me . Nickel and other metals do appear to formed a base to move forward from . GLA .

[casabella2] 08/7/2016 11:31

Maybe so.Is that not already out.

[apfindley] 08/7/2016 11:27

What they must be eagre to tell everyone about the 94% REDUCTION in profits at Bindura as reported recently

[casabella2] 08/7/2016 10:59

Brought the results forward a week .Looks like they can't wait to get them released to the market.

[riskvsreward] 07/7/2016 22:00

As long as the all-in-cost of nickel is lower than the nickel sale price, that is nickel is still profitable, the loan is not a problem. Also the loan taking decision and the terms of the loan were the legacy of the previous management.

The gold price has gone up more than $100/ounce and given the quarterly production of around 20,000 ounce, this should roughly increase profit on gold alone of $2 m per quarter.

[paul the octopus] 07/7/2016 21:45

$20m + 10% interest over 5 years ($2m/year) = $30m ffs

[redtrend] 07/7/2016 10:11

Where have you got $30M from? It's a $20M bond over 5 years

[skidaddle] 07/7/2016 09:50

Nickels dropped below 10,000 today though.

[caedwalla] 07/7/2016 09:15

hxxp://www.metal.com/newscontent/94824_nickel-prices-hit-an-8-month-high-investors-flock-to-metals

[juju44] 07/7/2016 08:58

so all that massive buying produced only a small up lift and a few sales knock it back down again

[paul the octopus] 07/7/2016 08:55

Tidy, you might want to readhTTp://www.investegate.co.uk/mwana-africa-plc/prn/publication-of-bond-prospectus/20141201070000P842C/hTTp://www.investegate.co.uk/mwana-africa-plc/prn/bindura-nickel-corp---closure-of-bond-issue/20150303070000P725D/$30m needs to be repaid

[gwr7] 06/7/2016 18:38

Lansdowne bought in at 48.5p. They're tiptoeing out, cough...

[goodbloke1] 06/7/2016 17:42

Tidy has sold! Regretting it and now deramping with that last post.No such talk when he held!

[redtrend] 06/7/2016 13:45

Is that a philosophical question?

[tidy 2] 06/7/2016 13:37

Why are Lansdowne Partners I wonder

[jagzoil] 06/7/2016 13:07

Look at the cash pile! and growing!

[tidy 2] 06/7/2016 11:46

After the previous two days volume and huge lumps one has to conclude forward selling IMO. Look at the debt.

[mreasygoing] 06/7/2016 10:11

Best move on mate.

[blueball] 06/7/2016 08:00

More fireworks today.

3p is my reckoning.

[mreasygoing] 05/7/2016 19:13

The Chinese have a holding at 5p, I doubt very much they will take it private. Government restrictions on Nickel companies in the Philippines probably has a little to do with the price movement here.

[blueball] 05/7/2016 19:04

stay long.

[riskvsreward] 05/7/2016 18:31

It perhaps soundsa little far-fetched, it won't be surprising if the management, backed by their Chinese shareholder, will take this company private. It has only a market cap of about £10m which is peanut money for the Chinese if they say good profit and asset value ahead.