Asa Resource Share Discussion Threads

[moormoney] 22/8/2016 14:30

If Mugabe is on his way out this will soar as it did a few years back. Sentiment is gathering against him and his greedy followers who brought a country to its knees.

[hazl] 22/8/2016 14:30

First time in for me,back in July, though I wanted to catch a few more this morning but rather a lot going on elsewhere today.

8-(

[mreasygoing] 22/8/2016 13:32

Yes redtrend I had them at the same price back in 2009. I had them a bit higher than that in the early 2000's. Gulp.

[moormoney] 22/8/2016 13:29

Certainly busy today..looking positive IMO.

[neo26] 22/8/2016 13:27

asa finally coming good.

still a dog, not reliable every quarter

[the stigologist] 22/8/2016 13:05

I think I was around for the 4p to 16p whoosh in them olden days. Astonishing to think the Company actually is fundamentally the same but crucially actually in production now rather than just dreaming about it.

Not done figures but I'd guess dilution adjusted the 16p would equate to c.5p now

circa 5p seems a sensible target right now because it'd put the Company at somewhere close to 1x revenue at least

[redtrend] 22/8/2016 12:41

There was a subsequent placement at 1p, so their average will be bit lower around maybe 4p ish?

Stig's chart was a bit nostalgic, made me check when I first bought ASA/ Mwana shares... Back in 2009 at 15p!

I've heavily averaged down since then and the bulk of my buying was last Dec at the lows. At the time it felt like catching a falling knife, but paying off now.

[mreasygoing] 22/8/2016 12:16

Oh I never thought I'd see it above a penny. Remember that the Chinese were buying at 5p. I would have thought that they would want a profit.

[juju44] 22/8/2016 12:14

Getting a nose bleed here now

[jailbird] 22/8/2016 11:56

Best your post that info on the correct BB :-)

[alamaison] 22/8/2016 11:54

As I was losing patience with LEK I have send them an email.
See , bellow, the reply received this morning:

Hi,
The most recent release indicated Q3 for commercial production and first cargoes. This timeline is still intact.
We are making good progress on the ministerial consent front.
Photos may be available on the site after the start of commercial production.
Best Regards,
Lekoil

[the stigologist] 22/8/2016 11:52

Nice chart

[redtrend] 22/8/2016 11:26

Appointment of new NED to the Board looks like a very good addition:

"Asa Resource Group has appointed David Murangari as a new independent non-executive director with immediate effect.

Asa said Murangari is a highly experienced Zimbabwean geologist who qualified in the US and is currently chairman of The Zimbabwe Mining Development Corporation, the state body that plans, coordinates and implements mining development projects on behalf of the government. It is responsible for prospecting, exploration, mining and mineral beneficiation programmes. He also serves as deputy chairman of Bindura Nickel Corporation and has been influential in the mining industry in Zimbabwe for many years. He was CEO of the Chamber of Mines of Zimbabwe, the umbrella body concerned with overseeing how the mining industry performs. He is well connected at government level and has extensive corporate experience as well as sitting on a number of boards and professional bodies in Africa."

[juju44] 22/8/2016 10:24

Double botty is in . We should now be heading for 1.4p as next hurdle

[mreasygoing] 22/8/2016 09:20

Last chance to buy below 1p.

[skidaddle] 22/8/2016 08:54

1p offer.......Nice!

[luckymouse] 17/8/2016 21:13

right cheek lol

[juju44] 17/8/2016 20:57

Yep , watch this double bottom - right cheek above left is a good sign

[luckymouse] 17/8/2016 20:52

Hi Brahms - only a small one for fun - cant resist a divergent btm (that doesn't sound right lol)

Both main trend line and the ghost line (green) are broken (imp) - btm neckline is touch fuzzy cos of the wide spread but if res (feb spike) at 1p cracks it should run...next node is at 1.85p

free stock charts from uk.advfn.com

[mreasygoing] 17/8/2016 15:47

Oh I see. It's just I remember how much he disliked foreign AIM shares especially ones that pay no dividend. ... Then a couple of his 'old friends' turn up. My regards.

[brahmsnliszt] 17/8/2016 15:01

MreasyI'm not in CR's fee paying chat room FYI, so I have no idea.

[mreasygoing] 17/8/2016 14:55

Lot of liquidity now. Nice.

[brahmsnliszt] 17/8/2016 13:13

Hi LMAre you invested here too?All looks rather primed for an attack on 1p don't u think?For me the big thing was volume recently. That's what got me buying initially, and added on way up.