Asiamet Resources Share Discussion Threads

[richsmithsmith] 12/10/2016 12:44

V positive

[2lb] 12/10/2016 12:17

Interview now live

[richsmithsmith] 12/10/2016 09:45

From @VoxPodcast (twitter)
9:32 AM - 12 Oct 2016

"Just spoke to Tony the MANini @AsiaMet_Res_ARS will be on the @VOXmarkets podcast later. All good in the BKM / Buetong hood."

[impvesta] 12/10/2016 08:06

Thanks Mr R. Hadn't spotted that!

[2lb] 12/10/2016 08:05

RNS not appearing on the majority of websites and share price monitors?

Bit strange and a bit of a shame as few will have noticed it

Good progress though, another duck nicely lined up

[mr roper] 12/10/2016 07:58

yes. see news section above

[impvesta] 12/10/2016 07:56

Has this been released as an RNS? It doesn't seem to have found its way onto the Investegate site.

[mr roper] 12/10/2016 07:53

Two major positives..ahead on the drill work and no mention of the dreaded "shortly"..

"As the detailed Resource evaluation drilling and metallurgical test work
programs are now well advanced (45 holes/4500 metres of planned, 73 holes/6500
metres completed)"

[cyberbub] 11/10/2016 16:06

'Themanini' means 'eighty' in Swahili. I hope that's the eventual share price here. Or maybe the percentage of BKM that gets farmed out, for say $1,000,000,000 upfront?LOL sorry. Am just a bit bored waiting here. I'll get my coat.

[mr roper] 11/10/2016 15:52

I'm hoping he has something like that in mind, The Manini. Would make sense.

[the manini] 11/10/2016 15:36

You're not wrong Mr. Roper! A deal like that and we fly..

[mr roper] 10/10/2016 21:05

Just waiting on TM announcing a similar type deal to Eurasia mining

[charles clore] 10/10/2016 16:32

Considering buying more today

[2lb] 10/10/2016 16:29

Copper strong these past few trading days.....

[mr roper] 10/10/2016 16:22

Copper Seen Leaping More Than 40% as Market Flips to Deficit




by

Masumi Suga
empty text
and
Ichiro Suzuki
empty text

October 3, 2016 — 5:37 AM CEST

Updated on October 3, 2016 — 10:36 AM CEST

Copper will surge more than 40 percent through 2020 as the global market swings to a shortage, according to Japan’s biggest producer, whose views echo those of Citigroup Inc. last week. Prices headed for the highest close in two months.

The metal used in power generators and cables will average $7,000 a metric ton in four years time from $5,200 in 2017 and $4,800 this year, Pan Pacific Copper Co. said in a presentation in Tokyo on Monday. Demand will exceed supply by 52,000 tons in 2017 after a surplus of 110,000 tons this year and shortfalls will continue through the end of the decade, it said.

Citigroup Inc. said last week that it was constructive on prices over the next 12 months because new supply had reached capacity and demand had increased in China, the world’s biggest user. The bank sees widening deficits and rising prices from next year through 2020. Copper is the worst performing metal on the London Metal Exchange this year after mine output surged in the first half, and Macquarie Group Ltd. cut forecasts last month on “persistent oversupply.”


“Demand will grow,” said Yoshihiro Nishiyama, company president. “Output will fail to keep pace with demand because of the absence of new mine supply, unless prices reach $7,000,” he said.

While copper has increased just 3.8 percent in 2016, trailing double-digit increases in other LME contracts, prices had their best month in September since early last year, rising 5.4 percent. Stockpiles tracked by the LME are up more than 160 percent in the past six months, just as inventories on the Shanghai Futures Exchange slumped, signaling movement of reserves out of China into LME warehouses in Asia.

Macquarie forecasts copper at $4,563 in 2017 and $4,413 the year after, rising to $5,188 in 2020. Goldman Sachs Group Inc. said at the start of August that a “supply storm” was about to hit the copper market with prices possibly slumping to $4,000 over 12 months as mine supply picks up, producers enjoy lower costs and demand growth softens.

Pan Pacific Copper sees global output rising to 22.68 million tons next year from 22.36 million tons in 2016, with consumption at 22.73 million tons from 22.25 million. The producer is owned by JX Nippon Mining & Metals Corp. and Mitsui Mining & Smelting Co.

[knicol46] 10/10/2016 13:16

heading for 2.4p buys tick up coming

[2lb] 10/10/2016 12:54

Mr R

No, not 100%, but I do believe it is a strong possibility and something the company is targeting.

[mr roper] 10/10/2016 12:36

2LB, are you convinced we'll get a resource upgrade already in q4?

[2lb] 10/10/2016 12:18

Nearly a month since last BKM update and the heat leach results are very much due.

Drills working around the clock to get the Resource Upgrade out in Q4 which is the next material step in the Feasibility Study which will result in a re-rate when released.

In the interim Beutong and Jelai news could be any day, week or month......

[knicol46] 10/10/2016 11:35

bid support gaining, 1st tick up of day so far

[richsmithsmith] 10/10/2016 11:27

you were right... she ticked up
and OMG yes... let's have some news this week...

[2lb] 10/10/2016 10:05

Looks like the last chance to buy below 2.30p has now gone.

Come on TM, get some of this news flow started.

Copper pushing back to 2.2

[trigger blade] 06/10/2016 17:00

Charles,

Best stick to selling shoes :-)