Asiamet Resources Share Discussion Threads

[richsmithsmith] 22/10/2016 10:35

Funding: it's being worked on. They said they have several parties interested in funding it (from China, Indonesia and London) but this is on going negotiating so no names were given.Resource upgrade: the resource update is due end of January 2017. But there was indication that the strip ratio would be lower, the mine life longer, the high value stuff mined first and the heap leach works bterr than expected. So; costs down, cash flows better and NPV higher.

[mr roper] 22/10/2016 10:29

thanks Rich. Glad to hear it. Did TM give any indication of when we might expect any updates on funding/resource upgrade at BKM?

[richsmithsmith] 22/10/2016 10:23

Mr R...He gave out a printed slide deck to everyone. On the work program the top two lines are Beutong IUP conversion/Jelai IUP conversion. Both stretched out to year end. But he did say Beutong will come first (expected this year) and Jelai second (Q1 2017). Everything's been done, the government has confirmed everything's been done they are waiting for it to go through the system.

[mr roper] 22/10/2016 09:27

decent write up on lse from S888

[mr roper] 22/10/2016 09:21

sounds good, AIM0Raider. Did he give any indication on when we can expect the next wave of news?

[aim0raider] 22/10/2016 08:12

TM mentioned that the licence issue was due to change of department heads. New ones wanted to check things out and while there was changeover lower level staff were reluctant to make decisions. Situation has improved now and he fells happy Beutong will come this year. It's been confirmed they've done everything. My understanding is resource upgrade will feature in the FS. They've also done most of the drilling now. Strip ratio has improved a lot too, so economics are better. Based on what we are hearing, the pea numbers will be smashed.

[mr roper] 22/10/2016 06:23

Still think TM could have at least updated the slides to show the new estimated dates for beutong and Jelia iup conversion. Is the bkm resource update still on for later this month?

[ayesha4] 22/10/2016 01:52

AIMRaiderDisappointing though that licences delayed yet again.Before u ask... Am not one that will get left behind

[aim0raider] 21/10/2016 21:44

Yes I did. Was very good, he sounds very confident. Seems to have a lot of irons in the fire and knows the importance of that. Said something quite poignant, which was that the co is now at a stage where people could easily get caught out and left behind if trading it or not invested.

[mr roper] 21/10/2016 15:26

Couldn't get in, had another appointment I couldn't shift.

[cyberbub] 21/10/2016 13:50

Anyone dial in?

[richsmithsmith] 21/10/2016 09:23

12.30Dial-in details:Conf. Number: [phone]Participant Pin: 8902090114

[2lb] 21/10/2016 09:02

Actual 2.45 v. 2.55 so some sells being swallowed up nicely.

[mr roper] 21/10/2016 08:55

when is the conf call, Rich?

[richsmithsmith] 21/10/2016 08:46

And... over a million traded this morning all ready. Speaks for itself.

[richsmithsmith] 21/10/2016 08:45

My key takeaways from last night.Management is excellent, experienced, in the right place at the right time and motivated/rewarded properly.Funding for BKM is being worked on. Multiple deals in the pipeline from different countries. BKM looks very likely to receive a good upgrade to the NPV. Mine life may be extended by years. Beutong licence is expected before 2016 year end. Jelai due Q1 2017. Everything they've done has been done to the letter of the law. TMs not buying shares in the open market because he wants the money to go to the company. BKM in production end of 2018. Would encourage you to attend the conference call today.

[2lb] 21/10/2016 08:32

To all those that could not make it last night there is a conf call at 12:30 today were TM will run through the current state of play and answer any questions.

[highly geared] 21/10/2016 08:30

Can anyone who attended last night provide a summary of the presentation etc?
Much appreciated ( I have a few of these).

[maverick247] 21/10/2016 08:12

Bought another 100k

[mr roper] 21/10/2016 06:21

Sounds great, guys! I'm guessing you got some positive answers re: funding

[richsmithsmith] 20/10/2016 23:17

Yes. Would echo what 2LB said. And great to meet TM and talk to him face to face.

[maverick247] 20/10/2016 22:28

Im hearing same going to add in morning primarily due to more info around indo concerns i had which seem clearly unfounded

[2lb] 20/10/2016 22:15

Superb investor presentation from TM this evening in Birmingham. Some stuff not for public forum but I for one shall not be selling a single share for the foreseeable future

Stonking Buy