Member Info for gorsuch

I think you will find that it's next Tuesday, unless they have altered it but I haven't seen another RNS. "ASA Resource Group PLC today gives notice of its 2016 Annual General Meeting ("AGM") to be held at Prince Frederick House, 35-39 Maddox Street, London, W1S 2PP on 27 September 2016 at 2pm."

There is always the possibility that the Platinum producers would/could buy ASA, it would probably cost them about 35 million, but to get a big chunk of that money back they could just asset strip just about everything apart from the smelter, especially when you compare it to the PGM's outlay to build one. PGM smelters and refineries are incredibly expensive. As a rule of thumb, production in the order of 250,000-300,000 ounces of platinum a year is required to justify the capital cost (smelter: $150-$250m; refining facilities: $500-$700m) and operational costs of a smelter.

"How much do you think is left till they're out?" That all depends on what they are doing, there have been 21 trades of a million+ shares sold in the last three days, of which nearly all of them have come through as delayed trades, someone's playing but I don't know what the game is.

"Pretty sure theyre just taking their 10%" I think you will find it's a lot more than 10%. In the first 4 days of trading in July there were over 230 million shares traded, had it being an institution or a single buyer we should have had an RNS, therefor I believe it was a group of solo buyers that were working together, they started buying at approximately 0.42 right up to 0.63 so at this weeks prices they are 100% up. They may be gradually selling off half their holding to recoup their outlay, or it might just be the biggest pump & dump I've come across, whichever it is, I still have doubts about what actually happened the first week in July, I just hope they are unfounded.

"Pretty sure theyre just taking their 10%" I think you will find it's a lot more than 10%. In the first 4 days of trading in July there were over 230 million shares traded, had it being an institution or a single buyer we should have had an RNS, therefor I believe it was a group of solo buyers that were working together, they started buying at approximately 0.42 right up to 0.63 so at this weeks prices they are 100% up. They may be gradually selling off half their holding to recoup their outlay, or it might just be the biggest pump & dump I've come across, whichever it is, I still have doubts about what actually happened the first week in July, I just hope they are unfounded.

Now that we have finally got the AGM information out in the open, could someone with a better understanding than me of the implications of resolution 9 give their point of view. Resolution 9 Division of capital An ordinary resolution will be proposed to effect a subdivision of the Ordinary share capital of the Company into one ordinary share of a tenth of a penny and one Deferred share of nine tenths of a penny subject to the existing Articles of Association. The Deferred shares will have no significant rights attaching to them and carry no right to vote or participate in distribution of surplus assets. A similar procedure was carried out in 2011.

I don't know if it's just down to poor management or total incompetence, but how can someone get an AGM notification in the post, and yet there is no RNS put out or any information on the ASA website, they need to get their act together.

Yes my first thought about consolidation was wrong, not sure how it would or could work, but it looks like they want to give shareholders the option to choose which part of the business to invest in. My original idea was to invest in a company that had different fields of income, I don't think I would change that and opt for either Gold, Nickel or Diamonds, it's just to risky.

I've just reread the full year statement and answered my own question I think!! This is a paragraph from the statement. The process of segmenting assets at Group level and integrating resources operationally is fundamental to both our short and long-term strategies. Over time we seek to shift our focus to having individual exposure in each of our key commodities including nickel, gold, copper and diamonds. Shareholders can have an interest in the whole Group or on a single-commodity basis. Our interests in agriculture and property will add valuable income during times of low commodity prices.

Am I right in thinking that "reorganization of share structure" means a consolidation to lower the number of shares in circulation and hence up the share price, financially it shouldn't!! alter the worth of our shares, but it would take them out of the penny share bracket which some investors don't like to play in.

Where does it say that the results for the 1st quarter of the 2016/17 financial year are out next week?

I use this site for spot Gold and Nickel prices. http://www.kitco.com/kitco-gold-index.html?utm_source=kitco&utm_medium=banner&utm_content=20110215_KGX_tb1&utm_campaign=KGX

I've always been able to get the daily price movement on BNC from the stock exchange site, but since Monday it no longer gives share deals and prices for Bind.zw, does anybody have an alternative site I could use.

"What can be a worse" A civil war!! you can never underestimate what people will do to cling onto power.

Don't forget the herd of 80 cattle we have also bought, now who was it said our BOD's were a bunch of cowboys -:)

Ooop's should have obviously read Millions not thousands.

Over the past two weeks there has been nearly 320k shares bought and sold (mainly bought) and yet still no sign of an RNS.

So after a short sharp trading spree of around 188 million shares, we are now back where we started about 3 weeks ago, where's the fun in that.

Bearing in mind everything they planned to do with 3.47 million (taking into account the fees), there's not going to be much left to throw down a diamond mine when they have come up 770k short, changing the company name is relatively cheap to do, but everything else right down to changing the headed note paper is where the costs mount up. I see the Chinese ( well one Chinaman) bought 35% of the total take up of the offer, and the new company was only set up around the 21st August, I wonder how they are going to use it to shaft us.

I'm on a Spanish forum with someone who uses the same name as you, so I just wondered.