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Since July 17, we have had over 20 trades between 1.000 and 1.5 mio Shares, all at a price of 1,8922 p. I am at a loss to understand, why anybody would a) sell shares below the (very low) takeover bid of 2,1p per share b) would all sell them at the same price of 1,8922 c) why there have been no posts discussing the takeover bid? Can anybody enlighten me?
What's the exact process here - we wait for how long til we vote? And has anyone experienced a share offer before??
Got to be worth more than 2.1p !
Is everyone asleep?! BOHICA as they say......
I've been trading this share since 2007. It's always had massive potential but never had a bod who could realise it. A shame really. I've a soft spot for it as it was one of my first ever share picks
BNC SP unchanged at 3ct, representing a value of 1,2739p per ASA share. All other assets combined, Freda Rebeca, Zani Kodo, Klipspringer and the copper reserves in the DRC therefore valued at only 0,18p per share or a total of 3,1 mio GBP. Why are only Chinese investors able to recognise a bargain, when they see it?
Well at least I got the day right if nothing else, although making only 600k profit from a revenue of over 45 million I wouldn't say is that great, but at least they didn't make a loss.
Going by last years dates, Bindura full year results should be out next Friday, the groups yearly results should then follow around the 21st July. I sold out completely mid April at 0.185 and now I'm just waiting for the results to appear, I don't think they will be that impressive especially for Bindura so hopefully I can get back in at around the 0.130 or less mark.
Notice many smelters in indonisa r now running at a loss.nickel prices fallen.feel smelter will b put on hold till nickel prices recover
Anyone got an ETA on news re: audit? I assume low volume and will continue in the 1.7-1.85p range until either audit update or next production update - does anyone know when this will be? Happy to hold at this price due to value of assets, 30m MC is small and largely driven by political risk
The buying by Dr.the Honourable Sir David Kwok-po Li is very reassuring. Born in 1939 and currently the Chairman & Chief Executive of the Bank of East Asia, would suggest that his due diligence, which I'm sure would be exhaustive, has revealed significant upside. The total assets of the Co. are over £235m I believe and yet our Market Cap. is less than £30m. David Li now owns circa 8% of the Co. or 135.5m shares. Some will no doubt wait for the Ernest & Young audit report, but I think David Li's action must suggest he is pretty sure the outcome is going to be favourable. Any thoughts? DYOR.
Nickel at a 11 low $ 8825 no way smelter can viable at price
Ok Gorsuch, I hear you. I will give Phil Green a call. Hopefully he will buy them dodgy Chinese out.
A lot of people are putting their hopes on ASA because Sir David Li is taking a big stake, if you research this guy you will find that his past business dealings are pretty unscrupulous and down right illegal, I get the feeling we are swapping some bad Chinese people for exactly the same.
Zimbabwe Herald May 10th reported that a major ASA shareholder - CIMGC - was pushing for an EGM to appoint 2 non-exec directors to replace those recently dismissed. Mr Dearing who raised the requisition for an EGM 2 years ago and appeared at that time to be Ning's mouth-piece stated that no proper request had been received from any shareholder of the group. With a good resource base and net assets some 10X mkt cap ASA is a juicy worm for any bird. CIMGC has 16.3%, Ning has 6.3%, Hailiang acquired a substantial stake from Ning and now Sir David Li has moved up to 8%. We minor shareholders have little hope if there is an acquisitive agenda.
Ask going up not good news coming!
Notice high court had given petmission 4 zindico to sue asa resources not looking goos 4 asa.believe there may b more bad news t come
Given everything that has gone on, this is a pretty impressive update imo. “EBITDA increased to $20.5m (FY 2016: $0.3m loss)”. Both Freda & BNC profitable. Encouraging ASA Nickle results - all ahead of target. Approaches from interested parties. Business Interruption Claim ($1m/$2m) plus Exports Credits for Freda - c. $3.6m this year. Zindico lawsuit finished. OK we need a further period to get our ducks back in order, but the upside potential here is not understood by many imo. Happy to wait.
No Wideyed you are not alone otherwise the price would be sub 1p. Recent weeks revelations made me feel that we were likely to read of a disaster. But there were some positives which bode well for the future. I just hope we now have a management team that can be trusted and that there are no more hidden agenda working in the background. This is a company with tremendous assets well exceeding the present Mkt Cap which could do well for all concerned if run honestly. I put my faith in Mpinga and let it run with Ning albeit with some reservations so now I can but hope.
Judging by the status quo in the price, it would appear the markets neither think it's good or bad, it could have been a lot worse.
Am I the only one that thinks that wasn't too bad!? :D
Never good delayed results.
2 things holding it up great assets and a big buyer accumulating shares
very surprised after all the lies AIM is seldom so forgiving...