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 06:30:09
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 84.4 -3.6 -0.4 - 32.57

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Date Time Title Posts
10/3/201818:39ASA Resource Group plc3,480
13/7/201719:48ASA smelter2
05/4/201201:25American SouthAfrican Gold Fund45

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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: Strong rise of BNC share price to 5,25$ct in the past few days. Corresponds to a value per ASA share of 2,16p. DYOC
redtrend: Politically and economically, not looking good at mo for Zim and by extension the companies that operate there: Robert Mugabe sacks vice-president to clear path to power for wife Depending on how much support Emerson still has among veterans and the military, could this lead to civil conflict within ZANU-PF? Has Grace Mugabe really got enough support and clout to take over? Could be serious trouble ahead with this development. The only thing worse than Bobby Mugabe in power would be Grace Mugabe. To compound matters the new Zim bond notes have been a complete disaster - the above article makes reference to it, but there are dedicated articles on its failure too. This lack of confidence and fear of past hyperinflation has been the reason the rich few with cash in Zim have channelled it into shares for some perceived protection. So checking the Bindura Share Price is no longer a good test of the overall ASA value. How short-sighted and arrogant Ning and his cronies were to steal from their own company and think they could get away with it. Had they put in a bit of graft, the $7m or whatever they stole would have covered completion of Smelter (yes it would have been idle, but at least it would have been done and dusted and ready in future for a potential turnaround), would have covered re-deepening Project and at Freda they would have had 2x large mills and 2x small mills in place to be able to produce 90-100K Oz per annum, thereby also pushing AISC per Oz down to sub $1,000. With all that in place the share price would have been at least 4-5p region, with debt getting paid down and in position to re-direct funds to DRC (Zani). They would also have been in stronger position to weather any potential political turmoil that could occur in Zim. The increase in value of Ning's holdings would have eclipsed what he stole... The Chinese are stereotyped at playing the "long game". Guess Ning missed that class.
hute17: While in the past weeks the BNC share price moved in the opposite direction of the nickel price, now it is following the rise in nickel prices. From a low of 4.2$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.
hute17: Couterintuitive development at Bindura: when Nickel Price was weak, BNC share price went up to a maximum of 7,2 $ct per BNC share. Now that Nickel is strong again, BNC share price went down to 5,52$ct per BNC share, representing a value of 2,28p per ASA share. Any explanations for this development?
hute17: BNC share price still rising slowly but steadily despite weak Nickel Prices. BNC now at 4,02$ct per share, representing a value of 1,6375p per ASA share. The RPI offer leaves 0,4625p per ASA share or less than 28mio GBP for all the rest. Draw you own conclusions.
hute17: Despite falling Nickel Prices, BNC share price has risen again to 3.5$ct, representing a value of 1,4428p per ASA share. The Richpro offer of 2,1p per ASA share therefore values all the other activities Freda Rebaca, Zani Kodo and copper in the DRC at 0,6572p or a total of 11,1 mio GBP. Interesting that Hailiang agreed to invest 25mio$ for 62% of the copper JV in the DRC, valuing just this JV at over 40 mio$ or 30mio GBP. If that doesn't sound quite right,don't blame the Chinese for making such an outrageous offer, you only have yourself to blame, if you accept it.
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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