Asiamet Resources Share Discussion Threads

[hawks11] 16/9/2016 09:17

Thanks for that Darren, that was a really good reply. I have Wolf Minerals quite near me and it took years to get going and it is not there yet despite looking like a really good prospect. See WLFE - not invested because I didn't think I would live long enough to see it in profit but should keep a keener eye than I have.

All here think that ARS will X 10 from here without a problem and probably when the first wheelbarrow is filled!

[aim0raider] 16/9/2016 08:18

We are all naturally suspicious on AIM, but it think this provides adequate explanation to reassure doubters.

Colin Bird of JLP has always maintained a similar stance with their Tjate mining license application. That it can not be refused providing all measures required have been catered for.

[maverick247] 16/9/2016 08:03

Ayesha the surprise was the tax rebate !Regarding licenses please see email between myself and tony clearing up the confusion.They are being progressed and by the Indo law the licenses are oursDarren, that is correct.RegardsTonySent from my iPhoneOn 1 Jun 2016, at 6:54 PM, Darren Morgan wrote:Tony, many thanks for that quick response.So I think I read that asAsiamet cannot lose an exploration license if they have applied for a production license conversion OR applied for an extension to the current exploration license, hence why you have applied for an extension also, not relying on just the production application.ThanksDarrenOn 1 Jun 2016, at 06:33, Tony Manini wrote:Darren, All the licencing is progressing through the approvals process as it should and we have no reason to be concerned. What we are working on here is effectively a mining licence for 20+10+10 years. In any country in the world this would take 12-18 months and in some places like Spain has taken some companies +3 years. The documentation supporting these applications stretches from floor to ceiling and has to be processed through multiple levels and departments of government. This is a developing country with a relatively new mining law, implementing regulations and human resources capacity. To do it properly by the letter of the law takes time and patience; there are no fast fixes or short cuts. Specifically in response to your question what happens if we pass the expiry dates. Under Indonesian Mining law the holder of an IUP exploration is guaranteed an IUP production provided all requirements have been met, and an IUP exploration cannot be terminated if there has been an application made to convert to an IUP production or an extension of the IUP exploration. Priority is always given to the existing holder.If within 3 month from the date of IUP exploration expiring the Company has not submitted an application to convert to an IUP production or an extension of the IUP exploration, ESDM send the Company a warning letter. If the Company has not responded within one week ESDM will issue the Company with a letter of termination. Clearly the latter applies to Asiamet given we submitted applications more than 6 months ago, and so while continuity of title is guaranteed by the law, we have also applied for a suspension of each IUP exploration to be doubly sure we are covered off at both the Central Government and Provincial Government levels. Simply another level of risk mitigation. Nothing more or less.RegardsTony-----Original Message-----From: Darren Morgan [mailto:[e-mail]] Sent: Tuesday, May 31, 2016 9:00 PMTo: [e-mail]: RNS license ambiguityHi TonyThanks for the recent conf call you attended whilst in London. I was on the call and very pleased as a shareholder on Asiamets plans.The reason I am emailing you direct is due to todays RNS. It says the both Jelai snd Beutong licenses expire in June. What exactly is not clear is what happens say June 3rd if Jelai prod license news hasn't arrived. Why is an extension being applied for if a production license is in progress and by definition superceeds it The usual bulletin board doubters are jumping on license expiration and I'm looking for a clear understanding on the situation especially given the recent bad run on the share price.Thanks

[richsmithsmith] 15/9/2016 22:30

On the vox podcast tonight https://www.voxmarkets.co.uk/blogs/586-alan-green-on-adl-and-sty-plus-chris-bailey-on-mrw-tsco-and-nxt/

[cyberbub] 15/9/2016 17:53

Needs more skill to predict share price at Xmas 2017... Xmas 2016 could be anywhere!If all goes to plan on development and the copper price has started to move firmly northwards, I predict 15p by Xmas 2017.No advice intended of course :-)

[knobbly] 15/9/2016 12:39

LOL. No. Seriously, 5.5p

[knobbly] 15/9/2016 12:38

December 31st..... 2.3p

[2lb] 15/9/2016 11:48

Morning Rich.

That is seriously optimistic, but not impossible. I have watched CTAG go from 2p to 12p whilst we have gone from 2.3p to, well, 2.3p, all based on material updates and we could easily do the same when the "penny drops"

Hornblower, are you around to run a poll in the header?

[richsmithsmith] 15/9/2016 11:38

I thought about you this morning 2LB when I read the word 'shortly'. Made me smile.

Dec 31st... we'll be double digits. I'm going for 10p.

#optimist

[red army] 15/9/2016 11:24

Just watch the pump and dump merchants

[2lb] 15/9/2016 11:19

Morning Mr R.

It more just makes me roll my eyes than wind me up as I am resigned to the fact that it's just part of every ARS RNS now.

Zak has been saying "3.5p by month end" for three months, utter nonsense. This is a 100% news driven share that will spike on material updates and drift about in the hands of traders in the interim.

4.35p is a decent shout, and I'd be very happy with that. I would go for 3.75p based on some Jelai news and a BKM resource upgrade taking it up into the 4.5 range and then more selling off by short/medium terms holders bringing it back down. Still looking for double figures within 12 months.

[mr roper] 15/9/2016 10:43

LOL, 2LB.. when i saw the "shortly" in the RNS I thought to myself, that might wind up a few folk...:0)

what's Zak spouting off about? Still waiting on his 3.5p from 3 mths back.

Dec 31 - 4.35p

[knobbly] 15/9/2016 08:27

Curious - at what level of Cu concentration (%) does it become uneconomical to leech. I notice that there has been quite a chunk identified at 0.49% (BKM32260-01)

[mr roper] 15/9/2016 07:59

"ARS is optimistic that a significant upgrade of the BKM Mineral Resource
to higher confidence levels will be realized through this drilling.
More importantly, it is anticipated that these results will further
reduce the already low strip ratio in the southern part of the BKM
deposit."

tremendous.

[sos100] 15/9/2016 07:13

more good drilling results from BKM.
Just need the production licences to be sorted for the other two projects,nothing different on that front.

"ARS is very pleased with the results received to date for the Resource
evaluation drilling being completed as part of the BKM feasibility
study. We are seeing excellent continuity of copper grade and thickness
within the existing Resource and extensions beyond the boundaries in
some areas. While extensive study work remains to be completed, the
consistently shallower nature of the mineralisation intersected to date
is expected to translate to an even lower strip ratio, and potentially
stronger economics, than outlined in the preliminary economic
assessment. The feasibility study on BKM is progressing to plan and
first results from the detailed heap leach test work are expected
shortly. In addition to the current feasibility work streams (Resource
drilling, heap leach testwork, geotechnical studies, and environmental
studies) our mine engineering and infrastructure studies are now ramping
up as expert consultants are engaged for each area of the study. We look
forward to progressively updating all stakeholders as the study advances
and our other corporate initiatives reach important milestones".

[red army] 08/9/2016 23:55

Initial target out of this pattern is 4p - pullback then all the way to 8p

[okidokicoki] 08/9/2016 23:05

agree but we in at the bottom sit on your hand and your on to a stonking winner here

[2lb] 08/9/2016 22:20

Wouldn't it just......

3p is still a farcical price....

[richsmithsmith] 08/9/2016 22:06

Should attract more buyer and push it back to 3p....What would be awesome is for news to break on the up swing pattern.

[red army] 08/9/2016 21:18

The share price is about to move out of triangle formation ant day now.

[cyberbub] 08/9/2016 13:43

There's the expected delayed sell, to offset all the buying... hopefully the seller will be exhausted soon... and then...