Asiamet Resources Share Discussion Threads

[2lb] 06/3/2017 10:09

Really hope we get some updated drill results this week to stem the tide of bored selling and trading.

We need a decent base on which to build for the BKM upgrade and beyond. Seems to be a lot of holders happy to add below 4.5 but would rather that level of buy price did not appear.......

Only 3 weeks of drilling left assuming everything is still on track as per last issued time guidance.

[mr roper] 05/3/2017 08:25

Good article on Freeport and copper

[horneblower] 04/3/2017 17:37

Charles, I'm with you. 8 to 10p within a month imo.

[charles clore] 04/3/2017 17:33

Horny - I will go for the most optimistic scenario and call the current chart a cup and handle formation. The upside for me would be a target of 8p

[mr roper] 04/3/2017 17:25

I think there might be a spike when the wider market wakes up to copper already being in deficit

[charles clore] 04/3/2017 17:01

Scary - I think your purchases have been well timed. I see copper gained even more ground yesterday. The copper chart is looking like a break is imminent and if that happens to coincide with any good news from ARS, it's BOOM time imho. I am buying on any further weakness but somehow feel that we won't see much more of that.

[barneycosmo] 04/3/2017 16:54

Thank you Mr R interesting article.

[horneblower] 04/3/2017 16:54

My own small prediction is that we will go a smidgen lower to trade around 4.3p, closing at 4.4p and that will be the bottom.

GLA

[mr roper] 04/3/2017 16:50

Good article

[mr roper] 04/3/2017 16:49

Sounds like fred is a keen buyer below 4p. Fair play

[freddie ferret] 04/3/2017 16:44

I said 3p absolute floor, that is not a prediction, it is the absolute floor that it might fall to if things go badly and the market irrationally sells off. I do not think it will go there.
As I said there may be enough net buying to keep it north of 4p.
Between 3-4p is anyones guess.

[charles clore] 04/3/2017 00:47

Scary - nice one!

[knobbly] 03/3/2017 19:50

Nice one scary.
You have surpassed me.

[scarymonster] 03/3/2017 18:04

Well for better or worse I have taken my positions. Average price 2.5 for 1m in the Isa and average 5.0 for 1.1m in my Sipp. I know things will fluctuate up and down but when it does go I will already be in and I am more than content with that.

[maverick247] 03/3/2017 17:56

I still see 15-20p here by year end easy-peasy based on bkm alone post resource update and bfs

[2lb] 03/3/2017 17:51

Meant April 5Fat fingers

[freddie ferret] 03/3/2017 17:06

This is slipping.
I said a while back that we would have to see the transfer of the Canadian stock to the Bermuda register and trading in that stock to take place before things settle down.

I'm not expecting a big move up before the end of the month.
Again we have the end of the financial year and people b&bing and b and isaing, this will generate sales.
April we will see a return to rises and hopefully good news out of the company.

In the immediate term 3p is the absolute floor IMHO however there maybe enough net buying to keep it north of 4p.

Long term it will rise on investor demand and project progress IMHO DYOR.

[scarymonster] 03/3/2017 16:44

Holding up quite well today, if we move towards 4.5 to buy I'll be adding (next week).

[2lb] 03/3/2017 15:04

I'd settle for simply not falling any further CC


.....

[charles clore] 03/3/2017 14:30

Ideally the price would hit 4p and bounce off that. Then I could double my holding and the price would be free to rise to 6 or 7p before pausing for breath. But I doubt that will happen. I suspect it will end blue today.

[cyberbub] 03/3/2017 14:22

Horneblower perhaps you were right after all, and we will see sub- 4.4p before we get a bounce...

[2lb] 03/3/2017 14:13

If you run all the variables in the PEA against all the drilling updates and maintain a 3.25 copper price expectation at production then you get a NAV that starts with a 3 by my calculations and assumptions.

Not long to wait to see either way.

[charles clore] 03/3/2017 14:11

2LB - you are not alone!