Asiamet Resources Share Discussion Threads

[mr roper] 06/12/2016 07:47

2m quid raised. Should see us to Q4 next year and BFS. Happy with that.

[maverick247] 06/12/2016 07:41

Yes 2lb and he didnt want to dilute more back then.This is the stake in the ground we needed and with the bfs funded now i can only see positive catalysts from here.From this point i will buy any further dips to increase my holding now.Big 2017 coming here...

[2lb] 06/12/2016 07:36

I partly agree piglet although to be fair there have been plenty of chances to buy @2.3 over the past few weeks with a pretty safe view that funding to BFS would not be an issue

I agree that raising double at 3.1 last time around would have been a very smart move but as I've said before I believe TM has been caught out by the delays in licenses that would have given many more funding options than a straight placement as I am convinced he genuinely expected them to drop way before the last placement cash ran out.

It's done now and the price is the price so no point looking backwards , we are fully funded and need to deliver some serious material updates and progress to finally give long term holders some sort of payback for their support and patience

[okidokicoki] 06/12/2016 07:25

Alot of PI where sat on the side waiting for funding think there might be a rush for shares now

[pyglet] 06/12/2016 07:21

Shame it couldn't have been an open offer to all of us.

[adorling] 06/12/2016 07:17

We are now funded to complete and accelerate BKM to feasibility report. That is great news and should stop the doubters who have been questioning funding. ARS is the best risk-reward investment on AIM by a long mile and investors on the side lines need to get very familiar with ARS and all the significant metrics and outstanding management driving this company.

I have no doubt we will multi-bag in the next 12-24 months.

[okidokicoki] 06/12/2016 07:16

Great news 2m in the bank another brick in place.We can now stop talking about funding for a while and get all the studies done that we need to get funding to go into production

[cyberbub] 06/12/2016 07:16

Plus the air is now cleared of "rumours" and we can get on with the job!

[cyberbub] 06/12/2016 07:15

That's perfectly reasonable, not an excessive amount or discount, and clearly to be used for a highly value-enhancing purpose, for LTHs.Just slightly disappointing it's below the last placing price, perhaps TM should have realised what a merciless place AIM is and raise a bit more last time.

[2lb] 06/12/2016 07:07

RNS £2m at 2.3p

[ripplevale] 05/12/2016 21:08

To adorling. reliable Broker chatter. Should be an RNS within the week. Dont know the price but have some trust in TM that it won't be a major discount. Guessing at around 2.3-2.5p.

[2lb] 05/12/2016 20:28

Another couple of chunky late trades , pretty much cancelled each other out but also explains the small drop in bid to work the sell through

[richsmithsmith] 05/12/2016 17:22

Copper futures got to 2.71 today...

[aim0raider] 05/12/2016 16:10

Looks like a crunch brewing not just on copper but also the EV's that it's needed within. Last paragraph:



"Tesla alone won’t be able to supply enough EVs if demand really takes off, Gelder said. Major automakers including Volkswagen AG and Ford Motor Co. will need to produce them on a larger scale. “At the moment they can’t, and changing manufacturing lines takes time.”"

[adorling] 05/12/2016 16:09

Rippenvale - from what source are these rumours emanating from?

[ripplevale] 05/12/2016 16:00

Rumours that a placing is done. No information on the price but moderate dilution from what I gather.

[2lb] 05/12/2016 15:57

Copper having another look at 2.7

[horneblower] 05/12/2016 14:43

Angus Themopyle,
When prices are rising, buys often show as sells and vice verca.
The reason is that trades are recorded AFTER the mm's move the price not before.
You can't really trust the buy/sell volumes for this reason.

[2lb] 05/12/2016 14:37

All buys apart from the 25k first up and the 91k just gone.

Actuals now 2.525 v 2.59

As usual only one sell in a flood of buys needed to tick it back down......

Still makes for three solid buying days in a row.

[mr roper] 05/12/2016 14:25

that was my 100k at 12:35

[aim0raider] 05/12/2016 14:23

Looks like only 1 sell today Angus. Someone just in for another 100k.

Copper up 2.5% pushing 2.7 and ARS 7% on only 1m volume.

Got to be another uptick soon.

[mr roper] 05/12/2016 14:23

copper flying again..

[angus thermopyle] 05/12/2016 14:17

Both my small buys are showing as sells today (19117 & 18678 shares). I presume this is because TDW are getting me a good price at the time.