Asa Resource Share Discussion Threads

[redtrend] 24/11/2016 14:42

Casa - nope we had Q3 update few weeks back. Next quarterly update won't be until late Jan, early Feb

[casabella2] 24/11/2016 14:35

Am i right in thinking there is a quarterly update due.Maybe in the next week or two?.

[juju44] 24/11/2016 14:26

Yep , as expected , rapid recovery

[juju44] 24/11/2016 13:03

own up , who sold their 1 share - and what is the signal

[blueball] 24/11/2016 11:41

Decent buy at these low levels.

[mreasygoing] 24/11/2016 11:30

Top Man from Richmond.

[moonwizz] 24/11/2016 11:18

Baron day trading is buying more here

[mreasygoing] 24/11/2016 11:17

Nice try mate. You're talking to hard core masochists here though.

[lord hindsight] 24/11/2016 10:35

TIMBERRRRRRRRRRRRRRRRRRRRRRRRRR

[mreasygoing] 24/11/2016 10:32

Watch this rally faster than it fell.

[juju44] 24/11/2016 10:15

I think FED will duck rate hike again - they have been at it for years now and a rate hike will blow Trumps plans out of the water

[redtrend] 24/11/2016 10:13

Not only are Gold & Diamonds effectively thrown in for free at this price, but it also only values ASA's Nickel Assets at £22m!

If you take a conservative view and estimate for first year of Smelter restart AISC for Nickel is $6,000 (more than current AISC and even though there will be substantial reduction in transport costs, in short-term smelter running costs and teething problems may push AISC higher and re-deepening projects also needs to restart) with 8,000tns per year at current Nickel spot of $11.5K/tn, that produces operating margin of USD 28m (85% of spot & ASA is 75% of Bindura) - at current Forex that is around ca. £22m!

Not only is Gold price hitting overall sentiment, but there is also some regional uncertainty in Zimbabwe with imminent introduction of Bond Notes to help ease USD shortage. This may also be impacting miners like ASA and CMCL. However on positive side, only last weekend for first time ever Mugabe actually mentioned "retirement" - before he was going to govern until he popped his clogs! No timeline, but the fact he even mentioned this is significant.

If you can handle the regional risk and current Gold price uncertainty, to me represents good entry. After Fed rate hike in mid Dec I'll probably add more if it is still down at these levels, dependant on where Nickel & Gold are trading

[blueball] 24/11/2016 09:54

Today is the bottom imo.

[juju44] 24/11/2016 09:50

1180 could be the bottom for gold .Miners tracking the metal manipulation so if this bout is over we could see some progress in miners . Techs smashed here so a bounce would be expected although it is still a bit above 200dma. In any case todays price will seem amazing in 6 months time -

[mreasygoing] 24/11/2016 09:06

Yeah, off trader's radar. Cheap as chips.

[juju44] 24/11/2016 08:47

nickel up again . Silly here now . Gold mines, diamonds and agriculture in for nothing - fill your boots in this mad market

[plasybryn] 24/11/2016 08:46

But main line of profit in short term comes from Nickel which has risen strongly.Next quarters results should show further improvement & perhaps bottom line positive.Just do the maths on the Nickel production.

[jailbird] 24/11/2016 08:15

Gold dropping This could go to 1p again as sentiment has changed

[mreasygoing] 23/11/2016 17:59

Pure manipulation. Trump winning wrong footed those in the know. Gold should be flying with Trump in, but the Boyz want a profit on the "Clinton shares" before they'll let gold fly.

[juju44] 23/11/2016 17:44

Yep , never fight the FED

[mreasygoing] 23/11/2016 11:03

1.35p coming into play.

[juju44] 23/11/2016 09:37

Agree, dont know if this is the bottom but techs are showing well oversold so I have added a few this morning

[mreasygoing] 22/11/2016 19:41

The 74% of Bindura is worth roughly the current share price alone. The market is pricing this far too cheaply at the moment.