Member Info for steven49

Nickel also fell more than 5 percent to a low of $10,995 a tonne, and ended the day down 4.7 percent at $11,085.

ASA Resources’ 74.73% owned subsidiary, Bindura Nickel, has reported an after tax profit of US$1.18m for the six months to 30th September 2016, reversing a US$3.4m loss in the six months to September 2015. Despite a 15% decline in the average price of nickel in concentrate to US$3198/t, turnover grew by 9% to US$22.46m (H1 2015 – US$20.56m) on the back of a 25% increase in nickel sales to 3,464 tonnes. Bindura has also achieved a 22% reduction in cost of sales to US$ 14.32m or US$4,133/t and an EBITDA margin of 14% during the half year. At the operational level, the head grade of ore treated rose to 1.81% nickel (2015 – 1.41%) and overall nickel output increased by 23% to 3,420 tonnes. The upgrading and refurbishment of the nickel smelter is some 71% complete and remains on schedule. Capex for the half year amounted to US$4.2m and was largely deployed on the smelter project. Conclusion: Bindura Nickel is growing profitability and sales and is well advanced towards completing the refurbishment of the smelter

still falling markets getting jittery lowest its been 4 as long as I can remember,

The only down side of this company is gold prices.ehich im sure if were back to the levels we c 4 weeks sgo share price woulf b 3 plus.outlook looks not great 4 gold prices

I'm sure no divided would b paid yet and not 4 some time

just wish I added more when at 1.35,

trying to put a fair value on company, notice the value at todays share price is 38 million pounds,when new smelter comes on will b 85 per cent,the other assets not really priced in,my feeling is this will start to test new highs in coming weeks if not sooner which was 2.56,

This is the margin calculation on today's nickel. $11,800 (spot price) x 65% minus $5000 (AISC) x 2000 (qtrly tonnes) x 0.75% (Net WI)

Confidence in company is now returning.results prove that turn around of company is bearing fruit.

Once new smelter comes on profits will x6.massive

Massive rise due in company value coming.stll making profit even with gold at these levels.

Billiant swing from a big loss into a profit.smelter near completion.massive profits ahead with nickel prices climbing

Made a profit ahead of expectations.h1 brilliant stuff on nickel

Even gold up slightly tday

Understand theres not much stock on offer

They will not discloe that sort of information.need t go throughy slp.which r not great at coming back t u

Reason why Audley tryed to get many share holders to revolt against management t break company up.and been sellers along with others of this company

Very poor at promoting its self this company.no news on what Alma have been brought into do.very little interviews or engaging with share holders.reason why many share holders sell up and go.all ways has been the same with this company.need some fresh directors.been there too long.old school

some very large buys today encouraging

understand theirs a big seller been off loading