Asa Resource Share Discussion Threads

[luckymouse] 23/9/2016 09:19

Nickel ETF basing - LT bowl

[jailbird] 23/9/2016 09:09

4v4

big jump 3 MMs all moved up with minutes of each other

[the stigologist] 23/9/2016 09:05

The recent increase in prices has resulted in an increased interest in commodities by traders as they believe nickel has entered into a bull cycle.

The International Nickel Study Group (INSG) reports that the global nickel market will be in deficit for year 2016 due to reduction in supply, increased production of the austenitic stainless steel grades (which uses more nickel) in all main markets and a sustained positive trend in nickel demand in the aerospace and battery sector. Fundamental and technical view supports that nickel is entering into a bull cycle. Jinchuan supports this view and reports that demand in China is increasing due to recovery of stainless steel sector and demand from new energy vehicles. Jinchuan also reports that there has been changes in the nickel demand in China that has seen demand of a mixture of nickel products: pure nickel, nickel pig iron, nickel salt and processed nickel products.

[the stigologist] 23/9/2016 09:05

Sounds like a very bullish update. New bull market for Nickel.

[riskvsreward] 23/9/2016 07:31

METALS: London nickel slipped on Friday, but was still on track for a
nearly 9 percent gain, its biggest weekly gain since July, as markets braced for
more Philippine mine suspensions amid an environmental crackdown on the sector.

Gold has been built a solid support at $1320. With monetary policy of big central banks of Fed and BOJ settled for the next few months, Nickel and Gold may both rise in time.

This sets the bright fundamentals for asa. Technically, the next resistances are around 2.5 p, 4 p and then 10p upwards.

[wstirrup] 22/9/2016 16:54

Changes afoot in Zim peeps?



W.

[jailbird] 22/9/2016 14:58

1.2m bought @ 1.645p!!

[jailbird] 22/9/2016 14:55

the fed rate hold is pushing up commodities
also the Philippines news on further suspensions is pushing Nickel prices higher.

Both positive for ASA

[the stigologist] 22/9/2016 12:37

Randgold has been doing deals with its other neighbours other than ASA e.g. Loncor and Kilo Goldmine both listed in Canada
Makes a lot of sense for deals where those juniors reduce their capex requirements whilst Randgold fill their plant and manage their plant by blending in different grade ore

[moonwizz] 22/9/2016 11:50

ASA asset has been mention in latest Randgold presentation map with a star beside it, speculation of a potential JV

[hazl] 22/9/2016 11:26

Certainly seems to be doing better here now.
I think OVG has some good assets as well,though there are some stale bulls over there.

[jailbird] 22/9/2016 11:21

1 v 4

300k moved the price up...yet a 558k sell..MMs did not flinch...sells being bought
up
It may be we have a positive update coming at the AGM which is creating this interest..

[mreasygoing] 22/9/2016 10:43

Commodities will be chased again by the herd soon. :-)

[jailbird] 22/9/2016 10:32

Level 2 jumping around ...now 1v1

[juju44] 22/9/2016 10:18

Nice but lousy volumes so its a weak rise - so far

[jailbird] 22/9/2016 09:48

Level 2 ticked up ..2v2

[jailbird] 22/9/2016 08:28

it seems sells are being absorbed here...buys moving the price up though

[asmodeus] 20/9/2016 13:10

Anybody going to the AGM (27th Sept)?

[juju44] 20/9/2016 11:36

Trend here is very encouraging . A lift in gold could see this really take off . All hangs on Yellens waffle tomorrow

[taxibabe] 15/9/2016 12:37

I think we can presume that the Chinese took up the rights at 1p and now have an average of 3p I do not believe that they are in this for anything other then total control of MWA/ASA assets in the longer run. Once Mugabe goes they will show their hand and the price will rock. I read on TWITTER 40P but in my view this understates the potential value of MWA assets which could be in the £SS. As a Dominant player in ZIM MWA/ASA will be perfectly placed to take advantage of the wave of investment flooding into the country's mineral wealth in the next decade. The Chinese in particular are hungry for minerals and diamonds and ASA/MWA has both. Who knows what lies beneath its lands and how much their value could be once exploited? Key thing is a finance friendly government that opens up ZIM to investment.