Asa Resource Share Discussion Threads

[redtrend] 14/9/2016 21:10

Hazl - completely agree. Far better for all assets to remain under the ASA umbrella.

People seem to be discounting just how big a gamechanger the restart of the smelter is. Far more value than Freda. You would see none of that upside if you just invested in the gold side. I originally invested in ASA for the gold (Mwana back in the day), but now I stay invested because of both the gold and nickel

And for now you can't compare really compare Freda to CMCL. CMCL has AISC of less than 1000 (that is our aim so hopefully we get there), has cash in the bank (no debt I believe) and pays a dividend. But it does show the huge potential of what ASA can achieve, hopefully in the very near future!

[hazl] 14/9/2016 18:39

Stig I came into it for the gold.
I see the basic resources taking longer to recover.

I agree its a brilliant asset but I would rather it was kept under ASA's GENERAL umbrella or it would mean jumping from this to the new vehicle.
I was in a diamond company that did something similar.
This way we can keep seeing a rising share-price as Gold does well.
If the basics do better, then again, the share has that to support it.
That's what I meant.

imo

[riskvsreward] 14/9/2016 10:39

I think Ning and his backers have ambition and vision for asa.

The Chinese is not short of money and Ning with his contacts can tap that money easily.

However, consider Ning and his backers has invested in asa over many years paid on average of 4-5 p, he needs new money into this at least north of 5 p.

As long as the macro-picture for Gold and commodity price moves in right direction, we should see this to move quickly to 4-5 p and then maybe new money in for greater things.

[jailbird] 14/9/2016 10:28

quarter on quarter improvements is the first step...market is and will start pricing that in.

[jailbird] 14/9/2016 10:25

blimey..you lot really get ahead of yourselves...I assume there is an over optimism in your statements...pinch of salt taken

[the stigologist] 14/9/2016 10:21

An announcement of ASA Gold IPO would be huge news

Imagine if they list it in China !

CMCL is producing 40-50k oz p.a. in Zimbabwe and is valued at £60m

ASA Gold producing 80k+ p.a. could be valued at £120m by itself ?

You could be looking at a 5 bag just on the Gold assets

[mreasygoing] 14/9/2016 09:52

Yes, I agree. The monthly chart is nearly primed to blow. We could grt a run like in 2004. But that's all my opinion too.

[casabella2] 14/9/2016 09:31

To me all indicaters are that this is ready to explode.Any sort of positive news will send it flying.But as we all know that is just my opinion.

[juju44] 14/9/2016 09:18

ASA wants to go up . All dips being bought and new higher lows/highs building a good up trend

[hazl] 14/9/2016 07:59

hmmm would we get the benefit though?

[the stigologist] 14/9/2016 07:16

wow also in the report and accounts had not noticed this before

The Group has impressive gold-mining and exploration assets in both Zimbabwe and the DRC. These assets would dwarf the current combined value of the Group if they were valued independently and on a pure book value basis. In order to unlock the true value of these assets, Asa Group is exploring the possibility of listing a separate gold subsidiary, Asa Gold. This plan is part of the Group’s constant drive to increase shareholder value. It is also based on the fact that some investors discount multi-commodity miners, since they do not offer exposure to one metal.

[hazl] 14/9/2016 07:12

must make it look better as well

[the stigologist] 14/9/2016 07:10

In the past financial year, one of the highlights of the Group’s environmental-management programmes was tree planting at its Freda Rebecca mine to offset any global-warming gases released by the mining operation and to enhance carbon sequestration warming gases. It planted more than 3 000 trees at the tailings
storage facility (TSF), including the following species: Acacia sieberiana, waterberry, fruit trees, Eucalyptu camaldulensis, Uapaca kirkiana, Leucaena leucocephala and Bauhinia petersiana.

[luckymouse] 13/9/2016 13:44

looks like the 1baggers off the .8 line are done - onwards...

[skidaddle] 13/9/2016 11:04

Stop messing about!

[mreasygoing] 13/9/2016 10:57

Kenneth Williams is still alive ;-)

[brahmsnliszt] 13/9/2016 10:44

Hahahaha v good.

[jacks13] 13/9/2016 10:41

Here I am trying to get a debate going about the political state of Zimbabwe and you're posting about your foreskin!

[mreasygoing] 13/9/2016 10:34

Tiny volume in the pullback.

[ukgross] 11/9/2016 16:19

It seems like that ASA now has put photos on their website of the new finished BNC Smelter

photos


looking great.

Anyone knows when the company says it will start up ?

[jacks13] 11/9/2016 15:19

There's an article here from this week's Spectator about the likely imminent demise of Robert Mugabe. How does its conclusions chime with those acquainted with the situation?

[gwr7] 09/9/2016 16:34

Or else talking to Robbo ; )

[mreasygoing] 09/9/2016 12:59

Any minor retraces bought up.

[gwr7] 09/9/2016 12:04

Crikey, you're mellowing.

[the stigologist] 09/9/2016 11:59

Thanks 26dollars

It was private conversation with previous FD of ASA who gave me the steer on the PGM upside.

Agree also on Zani Kodo. Significant latent value there. Its DRC comparitors traded on Canadian market Kilo Goldmines and Loncor are valued at c.$20-30m

Lots of value catalysts here.