Asa Resource Share Discussion Threads

[the stigologist] 08/9/2016 07:23

Wow up 40% now. $700m Market Cap

[the stigologist] 08/9/2016 07:09

Zimplats up 28% overnight in ASX trading for some reason

[hazl] 07/9/2016 12:56

THANKS FOR THE charts STIG

[hazl] 07/9/2016 12:55

hey guys....keep it friendly. This share has done very well in the last little while and I see no reason why it shouldn't continue to do so.
There are always going to be quieter times.

[mreasygoing] 07/9/2016 12:33

QUIET. Lucky punter is pumping.

[juju44] 07/9/2016 12:09

where do you get the serious demand - only 320k shares traded - trivial

[the stigologist] 07/9/2016 12:06

Serious demand here

Published spread is 1.35/1.50

Sales going through at 1.44

[redtrend] 06/9/2016 18:54

Agree but with Nickel prices where they are, it's now not as undervalued as 2 months back

Gold and Diamond Ops are worth at v. least £40-50m, more with Gold $1,350+

However Nickel is currently a major liability and making a loss, particularly once you factor in payment of 6m per year for the bond. This is weighing down overall market cap and effectively acts as a negative.

A £25-30m market cap seems about fair in v. short term, however could all change with news on Smelter and Third Party Concentrate agreement, if indeed there is any news. It would suddenly go from being a liability to a major benefit worth just as much if not more to the company than gold operations. However without any update on this, have to rely on the Bindura Annual Report stating there is not enough PGM concentrate demand, it's therefore hard for market to price this as anything other than a liability.

Purely from recent news, Amplats are going through hard times, platinum prices are still low and I honestly can't see them investing in their own Smelter in Zimbabwe, although haven't checked Amplats site recently to see if there's any news. It's surely win win for all for ASA smelter to be utilised. That's why I can't get my head round the statement in the Bindura Annual Report that there isn't enough interest for PGM concentrate, unless it was still at a time Amplats were ploughing on with their Smelter...

[casabella2] 06/9/2016 18:19

This is still way undervalued.

[juju44] 06/9/2016 17:24

Would take way over 1/2 billion to replace binder . This sore prices in cuckoo land but then it always has been

[redtrend] 06/9/2016 17:18

To think it was only 2 months ago we were debating with AP that ASA at £7m market cap was grossly undervalued... It's now tripled to £21m!

[the stigologist] 06/9/2016 14:37

ASA

Mkt Cap : £20m
Annual Revenue : $150m

(yes it's a miner which mines and sells real stuff)

[theklf] 06/9/2016 14:21

Somebody mentioned 2.7p
Will try to find it

[miahkaysor] 06/9/2016 13:19

what is the current NAV?

[the stigologist] 06/9/2016 11:47

Mugabe kicking the bucket could see this at 2-3p in a shot but that's just part of the wider story as to why this isn't already trading at 5-10p

[mreasygoing] 06/9/2016 11:04

Probably Mugabe's doctor.

[luckymouse] 06/9/2016 11:02

The volume behavior on the weekly is so massive one could be forgiven for thinking someone knows something

[mreasygoing] 06/9/2016 10:51

Exactly. Makes me feel like the market is totally rigged. There have been days of large buying and no movement.

[juju44] 06/9/2016 10:48

nICE MOVE BUT NO VOLUME

[theklf] 06/9/2016 10:36

Slowly but surely gaining traction here it seems

[the stigologist] 02/9/2016 15:42

Looking very strong to consolidate here after such a big run