Asa Resource Share Discussion Threads

[redtrend] 09/9/2016 11:46

26 dollars - I think smelter and Zani Kodo are both sleeping giants! I actually think more so the Smelter.

It's closer to fruition and the market is completely discounting the Smelter ever being restarted at present, due to the requirement for Third Party Concentrate Agreement.

I have my fingers crossed for the day a RNS is released to confirm a Third Party Concentrate Agreement has been signed. It would take a while for the market and those not familiar with ASA to understand the true positive ramifications such an event would mean.

During the AGM or the next quarterly update I would like an update on the Smelter - not just the actual physical progress, but more on the Third Party Agreements side of things. The Bindura report stated there was not enough PGM demand to consider converting smelter to process such concentrates, but with no news on the Amplats smelter and with export levy deferral running out Jan 2017, with a whopping 20% levy hit for PGM's trying to export untreated concentrate, I would be surprised if there was not huge demand for utilisation of ASA's smelter from the PGM miners!

[26 dollars in my hand] 09/9/2016 11:18

Stig The concentrator isnt being upgraded to a smelter. The smelter is already there, it just needs a major overhaul/refurb. The base metal refinery is also already there on site but also needs refurbing. A smelter cant be converted to refine PGMs. With mods the smelter might be able to produce a PGM matte which would then need to be sent to a precious metal refinery. But your optimism is well founded otherwise.
The sleeping giant here is the Zani Kodo gold resource in DRC. Worth i recon $50/oz of in ground resource or $150m

[doodlebug4] 09/9/2016 11:18

Friday is quite often a day for profit taking so it's a good time for buyers to pick up the bargains - just added some more here.:-)

[juju44] 09/9/2016 11:13

has to be some profit taking after last few weeks . I will not be leaving for a while yet

[the stigologist] 09/9/2016 10:59

ASA

Mining companies in production usually trade at a premium to or multiple of book value

In a rising commodity price environment the book value can increase significantly as PPE previously having little value due to uneconomic resources suddenly becomes economic. An example is ASA's nickel concentrator currently having $26m spent on it to upgrade/reopen it as a smelter. This could then be converted cheaply to also refine PGMs. PGM smelter/refinery plants built from scratch now cost of the order of $1000-2000m ! When the market wakes up to that we could see really spectacular rise at ASA and that's why talk of 40p price targets are not outlandish.

[the stigologist] 09/9/2016 10:47

40p target being talked about on twitter

it's when people understand the real upside they become strong holders

[mreasygoing] 09/9/2016 09:07

Well these tick ups are big percentages for me. My losses will soon be profits. I'm holding for a double digit share price.

[redtrend] 09/9/2016 09:06

I wonder where AP F is? ; )

[casabella2] 09/9/2016 09:00

Not getting mine.Been here too long to let go now.

[juju44] 09/9/2016 08:43

Looks like they have no stock - mm,s after your shares

[casabella2] 09/9/2016 08:33

Liking it.Yes on a roll.Nice to see.

[juju44] 09/9/2016 08:10

really on the move here for now

[gwr7] 08/9/2016 20:41

Unlucky plonker couldn't see past lumbering oaf Mpinga. Not surprising when you come to think of it.

[theklf] 08/9/2016 18:06

I would target 4-5p based on Stigs chart

[mreasygoing] 08/9/2016 17:41

Lucky punter will be claiming it was all his/her tip. Years of ramping and you've got to be right at some point. I'm missing the charts and expert analysis. Any diverted Mugabe planes in the past 48 hours ?

[doodlebug4] 08/9/2016 17:19

I'm thinking of adding as well Brahms - run the winners as they say. Nice gap up to 2p and then upwards of that.

[brahmsnliszt] 08/9/2016 16:41

Looking v good doodlebug.That massive volume spike in lucky mouses chart says it all. Top sliced at 1.21 but bought back in at 1.18 and 1.29. Probably should be adding again. Great price action.

[doodlebug4] 08/9/2016 16:23

Another nice little tick up - looking good.

[mreasygoing] 08/9/2016 15:34

Chart looking superb. Love it that there's no spike.

[the stigologist] 08/9/2016 10:26

If this chart works on here it's a great summary

[the stigologist] 08/9/2016 10:25

Could gap up to 2p-3p quite easily

[casabella2] 08/9/2016 10:14

On the move again today.Nice to see.