Member Info for gotabesirius

Been accumulating last week here for inevitable rebound in gold. Results in six weeks should be transformational for a £16 million MC company. An additional bonus is these results are reported one month earlier than most other companies in this space which should allow maximum exposure and a big run up to results. We should see 30p area by then providing gold can push back to recent highs which I fully expect. Price should gap up above 22p to 30p with no horizontal resistance!!! All is good for this reemerging gold company

That's exactly why they are / would do it. There's an article that was out earlier in the week that will help clarify. It's all very positive.

This applies to the Zimbabwe assets only and would possibly mean listing Freda and possibly the meat processing unit as separate listing on the Zimbabwe stock exchange under ASA umbrella in a similar way Bindura is already listed. Assets outside of Zimbabwe would not need to be listed and ASA would continue as parent company of all the existing assets. In my opinion it should help highlight value as at the moment Bindura is valued at $12 million on Zimbabwe stock exchange. $9 million attributed to asa with current MC around $18 million it's valuing a huge gold production at Freda, a diamond operation in South Afr, a copper jv and a huge Gold resource is DRC at pennies. Value will emerge one way or another....

Is pretty irrelevant....it's the fundamentals which we need to focus on at the minute.......Which are looking extremely favourable for this quarter. Next quarter results should be barn storming....and should warrant a market cap of around £30 million.....

Where does it say agm 27 September? If that is the case it's prudent to do so....sensible management considering price had never been this low...

Fair play. Haha $200 million mc....i wish...ill be long gone at $30 million mc or 200% profit

I sold mwa at just under 4p? Costs on both gold and nickel were significantly higher and back then commodities were starting a massive sell off. Now it's rolls reversed. Costs have been slashed and now spot nickel and gold are in an uptrend. Such companies can make huge profits in these senerios in the commodity cycle. All they need to do is deliver ( which mwa team did not) and looking at the turnaround and performance of the new management I see no reason why this will not happen, especially with over 4million oz of high grade gold in resource!!! Sub 1p is a bargin imho and will not last long

Unbelievably rare

Here sub 1p is not very rare....

Into close I'm thinking. Looks like our buyer is still there and they going to need to take it higher to entice sellers....

Take a look at this share. Took a while to move but once it started rising it hasn't stopped. Note the market cap now on about half as much gold production at similar target production costs. I can't believe the potential here. Buy...hold... Let it rerate. My target is 2p minimum by 2nd quarter results early November

Good post my friend

Love your optimism, however nickel calculations need to have a 40% discount applied to spot price until smelter is up and running later this year/early next

The current valuation of the company is the key point investors need to focus. Currently the company is valued as an exploration outfit rather than a producer. An £11 million market cap for the gold product of 70k oz alone at current gold spot and AISC around $1000 per oz is worth (in comparison with other aim gold producers) a market valuation of between £20 and £30 million. Then there is a huge nickel project which has potential to make tens of million per year once smelter is in operation. I think investors giving this company at least three months to allow current spot prices to hit the bottom line, will see a 100% to 200% return. It's all a matter of managing expectations short term and seeing the potential medium term

Yet more misleading information.... From last quarter results: All-in sustaining C3 costs of nickel in concentrate for the quarter of US$4,586/t and C1 cash cost for the quarter of US$4,226/t Now add those into your model.....

Will be before 16 August....ask the company

If you have no interest in this share why do you post? Guidance from last update suggests AISC of between $950/1000 per oz Debt payment is around $3 million per annum...which I understand is currently being restructured.... If you compare the gold production alone to other small gold miners with similar metrics and costs the MC should be around £20 million. Then there's the nickel and the smelter project which the $20 million finance was raised for. This will enable asa to realise full spot price for nickel rather than spot minus 40% atm. The metrics when this project is complete early 2017 will dwarf the gold operation providing nickel can sustain current prices ( I believe nickel will move much higher as inventories begin to fall...) Anything else you would like to add...? Zimbabwe is a risk but give its an African country which is difficult dealing with corrupt governments and militants. However asa (formally mwa of which I was a significant holder from 2p to 3.8p a few years back) has a great relationship with the Government (now under Chinese management) with an indigenous work force so this Company is strongly inbedded and not some newly created micky mouse outfit..... Additionally- have you mentioned the size of the gold resource? No? OK I'll remind you....it's almost twice that of kefi who are currently valued at twice the price of asa and are probably about 18 months away from production with twice as much debt.... Now tell me asa is over valued....?

Average price for quarter $1260oz

Why? They managed to operate throughout mugabe regime... What can be worse?

Due. If it shows they have continued to lower costs and have now delivered a profit, confidence will build accordingly, as will the price