Asiamet Resources Share Discussion Threads

[sos100] 25/8/2016 08:52

surprised that people posting here are not even fully aware of what production licences we do have..

[aim0raider] 25/8/2016 08:39

Harrison, Snicker is correct, BKM has a prod licence and is good to go. That one is sorted.

[harrissen] 25/8/2016 08:23

horneblower
25 Aug '16 - 07:47 - 3013 of 3014 0 0

harrissen: Do you mean raw copper ore?

.............

Yes hornblower - as far as I can ascertain one reason for the ban is China was buying up any copper ore they could get their hands but not for consumption for the home market they are putting it through their own smelters and selling it back as the finished article on the world markets. Indonesia is at logger heads with the multinationals who are mining copper there because they have not fulfilled their agreement to build new smelters that is why they are refusing to renew Freeport-McMoRan's export permit and extend their mining contract beyond 2021
Freeport operate one of the world's largest copper mines in Indonesia!

[snickerdog] 25/8/2016 08:08

Harrisen - have been reminded via Twitter just now that AsiaMet's main project BKM have their full 30 year production licence already. Think market has got itself confused placing too much emphasis on the licences for the secondary projects. As long as BKM and the FS are progressing well then I would guess that there would be little to worry about.

[nick rubens] 25/8/2016 08:06

Have to trust TM is on top of everything.

"however the process is now nearing completion and a decision on the grant of an IUP production for both projects is expected shortly."

Once that news arrives it's going to be mayhem trying to buy. I do understand anyone feeling nervous though, hence the share price being held back.

[aim0raider] 25/8/2016 08:02

snicker, just report it via the app or the [e-mail] address

Same for me too, i've reported it.

And the mobile charts issue!

[sos100] 25/8/2016 07:55

worth reading the PEA again for our main project,the one where we already have the production licences....

[horneblower] 25/8/2016 07:47

harrissen: Do you mean raw copper ore?

[adorling] 25/8/2016 07:41

For any new investors or frustrated existing investors it is always good to listen to Tony Manini on the 538 podcast below particularly where he says towards the end in his summary that he has seen this (low share price/undervaluation) all before and eventually the herd will arrive and we will see a rapid rerate of the share price. We all know how quickly this will move when this point happens.

The best time to invest is at the bottom of a cycle - this is that time for copper and no one is taking away the huge reserves and prospective reserves that ARS have at BKM, Beutong and Jelai in the ground and near to surface.

[soggy] 25/8/2016 07:29

Yep, those last two paragraphs are all that matter to most investors now and are what is presumably what's holding back the share price While we can draw comfort from the seeming certainty of it, there is still always that nagging fear that some bureaucrat somewhere will decide that we haven't fulfilled all requirements, (and the fear that I always have in far away countries with very different norms is that such a decision may be based on incompetence or corruption..)and we may find ourselves fighting a lengthy court battle to overturn it.

As I say, this is just a nagging apprehension, but I'll bet I'm not the only one considering it.

So, whenever 'shortly' has transpired and the licences are confirmed, then I'm sure it will be lift-off time for a stratospheric SP! And that's why I'm still in, sitting tight and waiting patiently.

[adorling] 25/8/2016 07:20

Half year results known several weeks ago but good to read that the Production Licences for both Beutong and Jelai were delayed due government process but they are expected shortly..

"Conversion of both the Beutong IUP and Jelai IUP has been significantly
delayed due to changes to the regulatory process and the responsible
regulatory bodies and personnel within the Government of Indonesia,
however the process is now nearing completion and a decision on the
grant of an IUP production for both projects is expected shortly."

I believe this news when it arrives will be the catalyst to see ARS push back over the 3.1p placing price. Additionally as BKM resources and grades increase through the feasibility studies then our asset base value will hopefully be reflected by share price appreciation.

[gary38] 25/8/2016 07:13

Asiamet Resources Limited Asiamet Resources Half-Year Results 2016 07:02 : Thursday 25 August 2016

[mr roper] 24/8/2016 18:25

goldmans at work...

[2lb] 24/8/2016 17:30

Very feeble

However, to be fair, it's the copper price in another 12 months that matters.....

[cyberbub] 24/8/2016 16:43

Copper price looking a bit feeble ATM... sigh...

[knobbly] 24/8/2016 13:40

LOL! It's only so he can keep me in a good care-home when I get old and senile :)

[richsmithsmith] 24/8/2016 13:12

#bestdadever

[knobbly] 24/8/2016 12:45

Well, that's my 8 year old boys JISA and JSIPP topped up with ARS.
(Together with a bit of PANR, DJI, and NANO).

[snickerdog] 24/8/2016 08:22

Just posted on Twitter:Chinese setting up huge Mining focused Private Equity Fund

[snickerdog] 24/8/2016 08:21

Anyone know how to report this bug where one can't post on the main thread from a mobile device?

[ayesha4] 23/8/2016 18:12

Royal shafting from the prior placing.