Member Info for gorsuch

As a rule they know what stop losses are available to be triggered, so they drop the bid price far enough to grab the shares and then put the bid price straight back up again, personally I don’t think a 10% drop is sufficient to grab a worthwhile amount of shares, I can only see 100k been sold and that’s showing on the NEX exchange since the drop so it wasn’t a grab.

Surely if the MM's wanted shares they wouldn't drop the bid price by 10%, they are more likely to put it up 10%.

"I wonder how much longer we have to wait for that new Website. I hope it will be more informative than the current one" I think the delay is partly my fault, in September 2015 I created the asaresourcegroup.com domain name and kept hold of it, purely in the hope that somebody one day may want it, and hey ho somebody did eventually want it so it now belongs to ASA.

"interest is still here despite FAKE NEWS over the weekend" A bit of a rash statement!! a few FACTS to back it up wouldn't go a miss.

Hope all this isn't true. http://bulawayo24.com/index-id-business-sc-companies-byo-108900.html

Which is a little ironic as Sir David Kwok-po Li was born in London and brought up and educated in the UK, he gave up his British nationality two years after being knighted by the Queen, although he does get to keep his title.

To Be honest I don't even think Dr the Honourable Sir David Kwok-po Li (to give him his proper title) is that squeaky clean either, in the past he has been fined over $8 million for insider dealing, are there any honest oriental business men left.

Here is the holding statement we were waiting for. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ASA/13200264.html

Thanks for your knowledgeable insight Parkhurst.

Thanks for your knowledgeable insight Parkhurst.

NOTG did you actually bother to read to the end of the article? I for one didn't know anything about what's in the following bit. There are also allegations of asset stripping, discontinuation of development projects and allegations of corruption that have been raised against the group. It is alleged that when the group changed hands in 2015 development projects that were operational such as concentrator operations at Bindura Nickel Corporation, gold processing at Freda Rebecca Gold mine were either put on hold or discontinued altogether. New projects that were at planning stage such as the smelter and mining operations at Trojan Mine also suffered the same fate. Information gathered by The Herald Business shows that the Chinese executives were planning to stop concentrator operations at Bindura Nickel Corporation to create a platform for exporting raw nickel ore to China. The smelter restart at BNC was also reported to be under threat as management was said to be less interested in resource development choosing to focus on mining the company's rich deposits to recoup their $20 million investment. Furthermore, investigations revealed gross mismanagement at Freda Rebecca Gold mine which has resulted in the collapse of its main gold processing plant Mill I. This has affected Mashonaland Central Contractors Board, a group of contractors supplying services to ASA, which has been experiencing delays in payments, among other issues. "Locally Freda Rebecca Gold Mine and Bindura Nickel Corporation are under siege. They are now shipping raw ore to China after stopping the concentrator at BNC. The work on the smelter has been stopped," the MCCB said. There are fears that the Government could also have been prejudiced of millions as the company stopped value addition in favour of exporting raw ore.

Not sure what to make of the last part of this article. http://allafrica.com/stories/201704200143.html

The reason the BNC share price hasn't altered today is because the Zim stock exchange is shut, it's a national independence day holiday.

I think I've found the right one now. http://www.iii.co.uk/investment/detail?code=cotn:ACTA.L&display=discussion&action=detail&id=12080018

You couldn't give us a clue to make life easier, like who, what and where?

G2BS*** Unfortunately ASA head office doesn't work nights so not possible to ask them.

I think this paragraph singles it out from the first lawsuit. ""However, the sources say that the new Chinese shareholders (China International Mining Group Corporation) who booted out founding director Kalaa Mpinga, were reviewing the agreements with the intention of approaching the Government with a new indigenous plan to replace the previously signed agreements between the Trust and the mining group"" This basically says that there is a signed agreement and the Chinese knew about it, but as the Chinese tend to think they can get whatever they want in the world, they probably thought they could just make it go away.

Not good news http://www.zimbabwesituation.com/news/zimsit-m-asa-resources-plc-faces-lawsuit-over-indigenisation-agreement/

It's possible that this is the reason for the drop!!! http://www.thezimbabwedaily.com/business/103904-mining-firm-slapped-with-20m-lawsuit.html

"Deferral on Interest Payments to allow Smelter to be completed" I think you will find that it's only the full loan repayment that's been deferred. "bondholders have agreed to place a 12-month moratorium on the principal Bond debt; in the meantime BNC will continue to make interest payments as normal"