Re: Stuck at 2p Breakout?
Stuck at 2p My guess is 2p is the limit price for our big buyer. Was probably 1.95p until yesterday as those delayed orders looked to take a while to fill.I think once this resistance at 2p is broken then we should fly.
Re: something afoot Excellent newsLooks like Li is building a major stake.
Re: something afoot Now holds above 5% - SP is poised for a nice move up.
Re: something afoot Agree, He's gone from below 3% to above 4% in a few weeks. Have a read he is a real heavyweight:-[link] see him increasing his stake at this rate if there was anything behind the claim - just chancers looking for a quick FO buck?
something afoot Interesting timing - don't you think? Large investor raises stake under cover of legal action hmmmmmLooking forward to the op update. With nickel at 10800 the numbers really are starting to look good.
Great write up Good coverage by Gary Newman on SP
Dovish Fed Can only be good for gold.Trump's economic plan needs weaker dollar too. Expect capital flight from China to resume after New Year.
Asa Resources Plc faces lawsuit over indigenisation agreement - Asa Resources faces another lawsuit over an indigenisation agreement - [link]
Re: All starting to look better now Its in todays RNS :->[link]
Re: All starting to look better now Where did he get the shares from and how much did he pay?
All starting to look better now The claim is just a group of chancers and David Li Kwok-po has increased his stake for 3-4%Ready for another leg up to around 4-5p now
If you were a Chinese billionaire... Would you invest in a company that was about to be indigenised? Don't see it happening.
Re: Didn't anyone spot this RNS? Litigation is never welcome but I wouldn't attach too much significance to this. Sounds like they are chancing their luck for a few dollars settlement.Technically, the chart supports a run up to 3.4p. If it breaks down below 1.3p that may invalidate it for the moment.