Asiamet Resources Share Discussion Threads

[richsmithsmith] 18/8/2016 10:58

2LB... agree with you. 100%.

[richsmithsmith] 18/8/2016 10:56

That is my understanding. Building an open cast mine is a huge project.

[2lb] 18/8/2016 10:54

Rich - certainly don't disagree with anything you say, which is why I am also heavily invested. However what both we and TM think on the licenses makes little difference until the ink is dry.......

[knobbly] 18/8/2016 10:38

Richsmithsmith, agree on all you points.
In the last year we've heard nothing but good news.

Out of curiosity, the '8 cents in development' figure, what is development... assembling and commissioning the site infrastructure?

[richsmithsmith] 18/8/2016 10:29

And... everytime they get drill results like the one yesterday it improves the economics of the BKM project, increases the net present value and lengthens the mine life. Their tactic is to remove the easiest resource first, the drill results I've read since the PEA confirm this strategy (the cash flows on this project will have a dramatic affect on the profit per share). BKM is still only valued at 2 cents to the pound (case studies of these projects show 8 cents in development and 15 cents (plus) in production. Add to this Beutong which if valued at 2 cents to the pound in the ground would add 13p to the share price. The CEO said last month we are waiting on the extraction licence confirmation from the authorities and from his tone sounded like a done deal. I believe him (which is why I'm invested) and shows the upside potential of this company's value.

[richsmithsmith] 18/8/2016 09:47

We have a licence for BKM btw

[highly geared] 18/8/2016 09:07

It's all about the licences, without them the drilling results are irrelevant. Security of tenure is what the market wants to see.

[jackbal] 18/8/2016 09:03

VSA is their house broker though. I would expect they are at the most positive end of the scale.

Thanks for posting the link adorling.

[hawks11] 17/8/2016 19:25

The last line of the Brokers note, "We reiterate our Speculative Buy recommendation and target price of 6.2p/sh.
Nice to be positive? Time and cash to develop is what we want to know and if we did the share price would be considerably higher than 6.2p/sh.

[adorling] 17/8/2016 18:10

Broker note update on today's RNS

[jackbal] 17/8/2016 14:08

Thanks for your thoughts 2LB. I agree that the strong newsflow over coming months statement is becoming almost annoying, at least change the wording!

Although TM is obviously very well respected and has a brilliant track record the longer the license issue drags on the more doubt I feel arises. I wont be selling out and with my small holding nobody would care anyway but I do feel that until things are confirmed rather than expected we are going to remain in this sub placing price territory.

[2lb] 17/8/2016 12:37

It may well do Jackbal

We are in a period of largely self-inflicted stagnation. On the plus side at least we have settled at 2.4 which is somewhat better than 1.9

The last two releases have been largely irrelevant, providing reassurance to those that hold but not an incentive buy any more shares whilst not providing any compelling reason for new buyers to get involved at this point.

The license conversions remain crucial IMO, despite what TM thinks, too many AIM investors have had the "nothing to worry about" spiel time and time again only to see their hard-earned frittered away. Add to this the fact that we were told in a MAY RNS that they would be received "shortly" and we are now staring down the barrel of September having already had some hints that Jelai will probably be October at the earliest.

Most disappointing is the constant use of the phrase " We anticipate a strong news flow over the coming months" which has now been in use for some months during which time nothing material has happened and hence there has be no share price movement other than that driven by the occasional small hike in buying or selling (aka traders).

The long terms story remains the same - the huge potential remains the same but I certainly will be adding no more shares until ARS provides something material......

Best shot is the combination of license conversion and something tangible on the corporate / partnership front over the course of September / October.

[jackbal] 17/8/2016 08:49

I wouldnt even be surprised if this closes down today. Surely it must be the license confirmations that are keeping the break on this.

Does anyone have any other ideas on why this just isn't performing at the moment. Not trying to spread negativity as I will add if it goes much lower, just trying to work out if I am missing certain points.

[mr donkeykong] 17/8/2016 07:43

woohoo 10% up

PATIENCE REWARDS ROE

[harrissen] 17/8/2016 07:25

I expect this will be bought by an Indonesian company in partnership with the Indonesian government If those high yields continue

[adorling] 17/8/2016 07:14

Another strong RNS update on BKM which is confirming that the resource will be increased given these extended near service high grade Cu drill hole finds. Awaiting more news to come including corporate initiatives being advanced...TM stated

"We anticipate a strong news flow over the coming months and look forward to progressively updating all stakeholders as the study activity ramps up and corporate initiatives are advanced towards key milestones".

[cyberbub] 16/8/2016 23:57

Bit quiet here the last week?

[richsmithsmith] 10/8/2016 16:22

2.7 being paid again with 9 mins to go

[cyberbub] 10/8/2016 12:04

Another delayed sell... more patience needed here...

[cyberbub] 10/8/2016 11:49

Biggish delayed sell printed there, that's what took us down...

[gary38] 10/8/2016 08:05

The daily chart breakout.

[richsmithsmith] 09/8/2016 20:07

May I ask... what brought you here ?

[gary38] 09/8/2016 15:52

Just brought in here.