Asa Resource Share Discussion Threads

[jailbird] 07/11/2016 08:04

level 2 moving up ..2v 2

[tidy 2] 07/11/2016 07:44

Nice guys nice

[riskvsreward] 07/11/2016 07:34

And Nickle is breaking the one year high at $4.93/lb, with £ down over 15% since brexit, everything is working for ASA.

[riskvsreward] 07/11/2016 07:24

ASA is now looking like a proper business run by competent management. Credit where credit is due, one has to admit that Ning has done a good job.

[the stigologist] 07/11/2016 07:24

I make it c.$10m of cashflow (using C1) during the Quarter.

Gold (15k oz x $400/oz = $6m)
Nickel (2k tonnes x $2000/tonne = $4m)

[the stigologist] 07/11/2016 07:21

"On a separate note, most investors will be aware that BNC is quoted on the Zimbabwe Stock Exchange (ZSE) and its share price has been performing better lately. Even at the current ZSE price, BNC's market cap is still much lower than it was two years ago. Management believes BNC's re-rating is justified especially considering AISC are at an all-time low."

[the stigologist] 07/11/2016 07:20

On Zani Kodo (already a 3m oz resource)

"The potential to build a major gold resource is significant. In time, the Group intends to fully exploit its 1,605 square kilometres of mining rights and if gold remains over $1,300/oz, this resource may come to define the Group's true long-term future."

[the stigologist] 07/11/2016 07:18

So many gems in this update :-

"Freda Rebecca made an insurance claim for business interruption following an incident at the start of this year originally amounting to $3.6m. The amount of this claim has been increased and we will update the market in due course."

[the stigologist] 07/11/2016 07:17

Huge potential.

This reorganisation has also helped drive down costs at mine level and the executive believe that opportunities remain to impact further on C1/C3 costs, especially at Freda Rebecca. When one considers that the combined AISC annual costs at our operating mines are in the region of $120m, any potential savings could be significant. For example, if a further 5-10% reduction could be achieved from operations, annual savings could be sufficient to start one of the Group's other assets or help maintain our many valuable exploration licenses.

[casabella2] 07/11/2016 07:12

Wow those results look good.Looking forward to some good share price movement over the next 6 months and beyond.

[juju44] 04/11/2016 22:35

Easy - sorry ,I mis understood

[tidy 2] 04/11/2016 19:14

Perfect pennant btw. Bolly bands tight RSI spot on around 50. Providing news is bullish as expected it's all systems go. Do not want a gap up with any news though IMO. Steady climb preferred.

[mreasygoing] 04/11/2016 19:01

I mean technically consolidate, not price consolidate.

[tidy 2] 04/11/2016 18:00

All shares consolidate.

[juju44] 04/11/2016 17:55

Consolidations are almost never good for share price

[mreasygoing] 04/11/2016 17:38

You'll be well rewarded. I've been buying more over the past few weeks and have been able to buy what I want as it has gone off radar. Once the consolidation Is complete this will move very sharply and there won't be any stock to buy in quantity.

[tidy 2] 04/11/2016 16:31

Picked up another 260k today.

[juju44] 04/11/2016 15:56

Strong pennant formation on the chart. A big breakout is coming soon

[mreasygoing] 03/11/2016 17:47

Hope so. Hopefully we'll see the oil sector see similar action that miners have this year.

[casabella2] 03/11/2016 17:41

Quarterly results 20th Oct 2014
17th Nov 2015.
So could be anytime now.Looking for some good results.

[mreasygoing] 03/11/2016 17:06

Gold $1300

[tidy 2] 03/11/2016 14:14

Mining sector likely to see inflow in investment soon – SP Angel tiptv.co.uk/2016/11/1679/

[tidy 2] 03/11/2016 13:27

Commodities: Precious metals regain their allure as Trump recovers in pollsPrecious metals sparkled on Wednesday after increased uncertainty surrounding the outcome of the US elections weighed on the US dollar and risk-apettite more generally.A poll released late on Tuesday by ABC News/Washington Post showed Republican nominee Donald Trump taking a one-point lead over Hillary Clinton.