Asa Resources Share Price (ASA)

PAF - Pan African Resources PLC Released an RNS on 07-02-2018 in which they stated are no longer in talks to acquire assets from ASA. And as a result PAF's share price is rising. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PAF/13525228.html "WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the announcement, released on SENS on 29 January 2018, wherein Shareholders were advised that the Company had entered into exclusive negotiations with the joint administrators of ASA Resource Group Plc (�ASA�) in relation to acquiring certain of the assets and liabilities of ASA (�the Acquisition�). Shareholders are hereby notified that discussions between the Company and ASA relating to the Acquisition have been terminated and, accordingly, shareholders are no longer required to exercise caution when dealing in Pan African shares. Johannesburg 7 February 2018"

PAF - Pan African Resources PLC Released an RNS today revealing their possible interest in acquiring (part/all ?) of ASA. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PAF/13513064.html "CAUTIONARY ANNOUNCEMENT The Company is pleased to announce that it has entered into exclusive negotiations with the joint administrators of ASA Resource Group Plc (the �Group�) in relation to acquiring certain of the assets and liabilities of the Group (�the Acquisition�), which if successfully concluded may have a material effect on the price of the Company�s securities. Discussions are ongoing and as such there can be no certainty the Acquisition will conclude. Accordingly, shareholders are advised to exercise caution when dealing in the Company�s securities until a full announcement has been made, or this cautionary has been withdrawn. A further announcement will be made in due course. 29 January 2018 "

Wanted:Bosses of company in £3.2m mining scandal http://dailym.ai/2pnVph6

From Plasybryn: As I read this, there were two acceptance dates - 1st Dec & 15th Dec. If the offer "from a substantial publically listed company to acquire the Company's 100% shareholding in ASA Headco Limited" as detailed in the RNS Update, dated 24th November, is accepted by the Joint Administrators to be a better offer than that of the RPI offer, then we all will receive that consideration shortly after the 15th or thereabouts. Of course we don't yet know the format of this "better" offer. Will it comprise of options? Say Cash or Cash & shares, or just shares? All should become clear soon. Anyone else care to comment with knowledge of how these things work? Response by Parkhurst: Plasybryn, great question about format of the alternative offer. I reckon the alternative offer would have to also comprise a swapping facility for those ASA shareholders interested to stay in. It won't be long now before the offer has to be unveiled. Ning and Kwan have been behaving like corporate thugs. After they were fired they have been illegally providing RPI with sensitive management information they had stolen from the Company just before they left. RPI is guilty of flagrant market abuse by making the offer on the basis of information, that was not available to other shareholders. Then with the pre-knowledge of a better offer before the other shareholders were informed they went unconditional, thus bagging a potential 1p trading profit, should the other party win the game. RPI know a thing or 2 about shafting ordinary shareholders. Those of us who held on will be the real winners in the end, I have the feeling. I think an alternative bid would not have been possible without administration. Normally Administration is the less good option. But we're not in normal here: because of the obscenely low level of RPI's offer. I reckon the truth is around the corner, hold your breath.

hi dazzy I took the 2.1 but then I also had 9k to lose when they went into administration and that still represented a profit. I will take that..i think your sentiments were a tad ignorant because generally companies that go into administration can go either way (tho I hold trinity which also bounced..lets not discuss some of the others!) but I am sure with your new found backbone you will profit beyond the 2.1. I for one feel fortunate to have just been paid!