Share Name Share Symbol Market Type Share ISIN Share Description
Asa Resource LSE:ASA London Ordinary Share GB00B0GN3470 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 1.925p 0 05:30:43
Bid Price Offer Price High Price Low Price Open Price
1.85p 2.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 84.44 -3.65 -0.42 32.6

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Date Time Title Posts
15/10/201812:23ASA Resource Group plc3,569
13/7/201720:48ASA smelter2
05/4/201202:25American SouthAfrican Gold Fund45

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bcape: ASA went into administration by choice of the directors, post the "Chinese" management of Bindura Nickel Corporation(BNC) making an unauthorised withdrawal of cash leaving insufficient money to pay some creditors, to avoid the "cheap" take-over by those who offered to buy all of the ASA shares for 2.1p - but many, like myself, turned down the offer because the company was severely under-valued in terms of its assets & potential. Major capital investment had gone in from ASA shareholders to re-build the foundry in particular, work which was then incomplete. BNC (c.52% owned by ASA)has continued as a going concern (on the ZSE); the foundry is completed and the business has been largely turned around as far as I can tell. Meanwhile, I understand the two missing "Chinese" turned up in Hong Kong and have been involved in ongoing discussions with administrators, major shareholders, creditors, etc. The last I heard was that an agreement was close a few weeks ago which would at least see creditors paid & current ASA shareholders okay. Nevertheless, I have no idea what decisions may have been made, incl. a) whether ASA may just return as a going concern to the AIM market or b) one party is prepared to buy the other shareholders out & pay off any remaining debts in order to gain full control of ASA, whether private or otherwise. I suspect the recent Bindura share price improvements are due to growing revenues, payment of debt, improvements in Zimbabwean markets post the election & hope that matters are finally coming to a close on ASA's future. Hopefully, the missing money was also returned. The bottom line is ASA is not yet dead and the administrators may well give us some positive news soon... I certainly hope so.
skidaddle: And yet the share price is up 94% in the last six months.
hute17: I doubt very much that it will take that long, rather expect something in the next few weeks. Interesting, that despite low Nickel prices the BNC share price has now gone up to 6$ct per BNC share, representing a value of over 2,5p per ASA share. DYOC
hute17: BNC share price now at 5,53$ct, value per ASA share 2,3p
hute17: Bindura Nickel share price slowly following rising the Nickel Prices. BNC share price now at 5,2$ct, representing a value of 2,15p per ASA share.
timgw: LONDON (Alliance News) - Pan African Resources PLC on Monday said it is in exclusive talks with the joint administrators of ASA Resource Group PLC to acquire certain of the assets and liabilities of ASA, which if successfully may have a material effect on Pan African's share price. Discussions are ongoing and as such there can be no certainty the acquisition will conclude, the company added. Pan African shares were trading 0.6% higher at 13.14 pence in afternoon trade. Separately, the London Stock Exchange said Monday the shares of ASA have been cancelled with immediate effect. Back in December, ASA said its joint administrators remained in talks with two parties interested in acquiring its subsidiary Asa Headco Ltd, which owns all of the company's material assets. The African mineral explorer in August 2017 appointed administrators to investigate the company's prior business and banking activities and the relationship between ASA and other companies. By Tapan Panchal; Copyright 2018 Alliance News Limited. All Rights Reserved.
hute17: While in the past weeks the BNC share price moved in the opposite direction of the nickel price, now it is following the rise in nickel prices. From a low of 4.2$ct the share price rose by 14% today to 5.36$ct this represents a value of 2.22p per ASA share. Draw your own conclusions.
the stigologist: On one level ( a backwards looking analysis) AP Findley is right. ASA tends to trade as a Nickel stock as this picture attempts to show. Someone more clever than me can combine the charts? However that makes two positive points for the future 1. ASA Gold separate listing seems a good idea as no value is given to Gold in ASA share price 2. The historic backwards looking chart doesn't take into account ASA having BNC smelter back in operation and ready to take advantage of higher nickel prices ASA + BNC gives opportunity for SUPERNORMAL profits
mr macgregor: Thanks, your valuations are always so reliable. apfindley - 20 Jul 2016 - 06:35:09 - 572 of 929 ASA share price 0.65p These results are dire. You cannot blame Mpinga as he was already gone before the reported period started. These results are purely down to current management, and the losses reported are horrendous. And they had to raise equity, so it gets even worse. Where are the rampers who LIED and told everyone a few weeks ago that bumper profits were to be announced. Well they pumped the price from around 0.5 to 0.8 so job done, they ran off with their profits, leaving everyone else with expensive stock. And now the price is going down on these disastrous results."
gwr7: Oh and the value of the company hadn't slumped under Mpinga? Look at the ten year chart and that clown had the gold price well in his favour. Weak whingeing using Dearing as a scapegoat imo and the way you keep banging on in this one track fashion reminds me very much of lucky punter (tracylied), you know, the one we exposed as a useless plank last year. If nickel rises then the ASA share price rises. Second guessing Chinese motives on a daily basis is extremely tedious. I suggest you take the risk or find somewhere better for your money. It's not difficult.
Asa Resource share price data is direct from the London Stock Exchange
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