Member Info for RB-heath

CASH is upbeat about EVERYTHING re SILF. Beggining to think its Dart in disguise willing us to keep quiet and calm while we get shafted.

No way to dress this up. Its quite frankly stinks and its about time something was done.

Looking very bullish this morning. Currently at 10680 as I type. Bodes very well for ASA.

Correction- 100mil mcap from these levels makes it a 2 bagger. Easy mistake to make.

Well what a fantastic week here. This one finally ready to stretch its legs after some real good consolidation. The fact is the mcap here is still just £32mil... Based on what we know then this could very easily be sitting at a £100mil mcap which makes this a 3 bagger from these levels. After such a strong rise it easy to get switchy fingers and look to take profits but I just keep reminding myself of the fundamentals + news catalysts + room for improvement in costs and metal prices etc and it makes this a very easy hold. 6p target. There I said it :) This is one of the best companies on AIM and IMO still remains one of the best buys. Multi-bagger from these levels. Bring on 6p!

Any dips here getting aggressively bought in to. Good to see. Everything about the price action here tells me this in accumulation mode. Happy to have got mine lower but ASA still offering great upside for new investors from here IMO.

Good to see some consolidation and price holding after such quick successive gains. The gold chart looks fab from what I am seeing. Some solid consolidation after some good rises of late. RSI has cooled of while price has remained near the top of the recent moves which is a great sign. Gold is resting on its lower BB on the daily so has lots of room to move up. A descending triangle on the daily timeframe is also forming which is a very bullish price pattern. Needs more time to play out but further consolidation within current range and a break of triangle to the upside would look very bullish for GOLD and thus also for ASA. The real money is made holding long and strong and that is what I personally intend to do with ASA especially as it is remarkably cheap given profit projections and excitement around further exploration.

What's quite notable is how quiet the board is here in light of recent gains. Usually a lot more chat but ASA is arguably still in early stages of price correction so I expect the real noise on this board will come later as people start touting 20p targets while we cash in for a few 100% around 8p :) Dukey I'm away from computer but will look at the gold chart when back and see what 1300 support your talking about that 'needs' to hold and give my own technical view on the chart.

Holding up very well. I think most know this is comfortably cruising to 2p based on current projections. Throw in some reduced costs. More GOLD and NICKEL price rises and some exploration and skies the limit. Sitting back enjoying the ride. Thats where the BIG money is made.

Very good point and something i'd missed. Recent raise at 0.08p so cash position better than I thought. NMG is a decent prospect I must admit. Need a clear plan and maybe an entry closer to placing price and I'd take a few here for sure.

No question cash is needed. Question is at what price. I actually think long term it will be beneficial for the SP although short term we may get a drop. Would like to see a 4mil mcap with 2mil cash raise taking mcap to 6mil again but with funds at the ready. That would be an attractive investment proposition IMO. Who knows what will happen re SP but would definitely like to see some cash in the bank and a clearly defined plan before placing funds in here. On my watch list for now.

Looks like quite a nice play. What are peoples thoughts on cash position? Had £863,000 at start of year. £650k admin expenses in 2015 so at least £400k spent not leaving much left for on going operations. Would like to see this come down a bit and them get a good cash raise out the way. Then I think this could be a real winner.

New range been established and even after a 12% rise yesterday there are very few sellers. Market wants to take this much higher and rightly so.

I know everyone has their reasons for selling but selling at 0.90 after recent results and knowing what future results are to come is verging on crazy. Esp given that its looking very likely we break key resistance today. Buckle in, sit back and enjoy the ride.

SP was fairly reflected given low and falling commodity prices in the past. ASA has not quite taken off in line with gold and nickel prices but that is set to change in coming weeks IMO. All looking good for a break out of key resistance today and then its off. For now its providing a big opportunity to make some good money which is what trading is all about.

Correct. I wasn't saying we should be valued at £200mil. I was simply saying that it could be argued by a raging bull like myself that we could be sitting close to £200mil. That based on very basic fag pac calcs but a bit more to this of course. Even if you call it £60mil mcap to be conservative thats still a 3 bagger from these levels. Thats not taking in to account new exploration and potential for GOLD + NICKEL to continue acting bullishly.

Good man. That's what we like to see. Admittedly I haven't looked at the last 10years of company operations but I'm more forward looking than backward looking. I'm in this for the figures been presented right now which are there in black and white.

How can I calm down?? I'm a raging bull. We don't do calm. Do you happen to know the LOM on both Nickell and Gold projects? You seem to know your stuff. Just a few fag packet calcs from me to highlight how undervalued this is. £200mil was arguably what this could be valued at just of fag pac Calcs. £100mil more realistic taking into account discounts for political factors etc. Further exploration of a prospective regions gotta add a few mil in AIM hype terms. Look what ADL did on the back of a crooked CEO who was talked up to be a god. They didn't even have an asset and were valued at 8mil!

Its been brought to my attention via twitter that they are not allowing buys. Just tried for as little as £2k worth and weren't able to give me a firm order. Orders being filled IMO. Market starting to cotton on perhaps.

Positive results today and I for one am pleased with the way in which the RNS was written and the level of detail given to investors. What is highlighted in this report is the idea that results should get much stronger in the following quarters. Going from todays notes we can deduce the following. GOLD- New annual targets of 70,000oz which equals 17,500 oz per quarter. ASA also plans to get gold costs as low as $950oz. With current gold price being $1350-400 we will take lower end value of $1350. That means ASA are in line to make $400 per oz of gold. $400 x the 17,500 oz they plan to produce equates to $7million. So over a year that would mean ASA will make 4x7mil= $28mil just from GOLD per year. Thats INSANE given the mcap. NICKEL- C3 costs targeted at between $5000/6000 per ton (call it $5500/t). "BNC produces nickel in concentrate and realises approximately 65% of the market price". With the average price at the moment been around $10,500/t we should realise a price of $6825 (65% of 10,500). On this basis ASA make $6825-$5500=$1325/t. Tonnes sold in the quarter just gone were 1493 so going by those figures ASA would make 1493 tons sold x $1325 profit per ton = $2mil so over 1 year that would mean ASA make $2milx4quarters= $8mil Even though NICKEL profits aren't as high as first suspected the profits from it would be enough to support the current SP. With GOLD and NICKEL combined (not to mention diamonds) ASA stand to make $36mil profits per year which converted in to pounds comes to just shy of £28mil. One can work out the value of a company like ASA by mining profits per year by around 7 to come to a fair value for the company meaning fair value for ASA is arguably $196mil. Quits astounding considering the current market cap is a measly £14mil. ASA wil be making double that in 1 year.