Asiamet Resources Share Discussion Threads

[mr roper] 06/3/2017 18:46

Charles suspect it may be more to do with a potential rate rise, strong dollar and impact on unwinding any carry trades.

Heck of a trade through today.

[charles clore] 06/3/2017 17:48

Copper is down because the Chinese announced over the weekend that they would be limiting their economic growth to 6.5% which means less demand for copper and other base metals. What the experts are failing to take into account is that with at least one major producer temporarily out of the equation and new large mines on the decrease, copper production is in contraction.

[2lb] 06/3/2017 17:37

Lol, nope deffo not mine !Explains the three day dropRight , let's kick on....

[scarymonster] 06/3/2017 17:35

hmmm, Wow indeed, do we have an auction at the end of the day with ARS? I don't have access to Level 2 data so can't see what's going on. I just have the real time trade data but no view of the book, auctions etc.

[markeybee7] 06/3/2017 17:35

Been waiting for that to clear so we can start to push on again. Not yours are they 2lb ;-).

[2lb] 06/3/2017 17:24

2.2n trade, wowsers

[2lb] 06/3/2017 17:00

The B licence changes everything , instantly, that's why selling to buy back cheaper is a very risky move at this point.

[scarymonster] 06/3/2017 16:50

Nothing I've bought recently is going up in any kind of line lol. :p

[mr roper] 06/3/2017 16:49

although if that license dropped, we might...:0)

[mr roper] 06/3/2017 16:49

nothing goes up in a straight line...

[scarymonster] 06/3/2017 16:48

Copper just can't seem to break 2.7 and stay there can it. Despite all the news indicating it should be heading that way.

[cyberbub] 06/3/2017 16:37

Copper price ticking down probably isn't helping.

[2lb] 06/3/2017 16:34

Help up reasonably well today under a bit of a battering of selling....possibly some decent delayed buys to show up in the next hour or so.

Another day nearer something material.

[mount teide] 06/3/2017 15:33

From an economic assessment perspective, i thought ARS were particularly fortunate to have direct road access to the BKM project and, within 70 miles an existing, low cost river/sea going barge transportation operation(one third the cost per mile of road) to/from the modern deep sea bulk cargo and container port at Banjarmasin.

hxxp://www.bizbilla.com/seaports-harbours/indonesia/port-of-banjarmasin.html

[2lb] 06/3/2017 13:47

Indeed scary.

He indicated that more results would be 2-3 weeks and that was 4 weeks ago.

The Heap Leach results would really help with the story with the current Indo Freeport stuff.

[scarymonster] 06/3/2017 13:10

Would like to know how those heap leach tests are going. I think Steve alluded to them going well in his last podcast.

[scarymonster] 06/3/2017 12:57

Added 100k

[mount teide] 06/3/2017 12:21

Well, after a final addition today that's my position( well into 7 figures) now complete.

The high quality management team has an enviable industry track record and an exceptional asset base with which to deliver some real shareholder value over the next few years.

[2lb] 06/3/2017 11:03

That would be most welcome Mr R.

We could really do with a bit of buying support this week.

I haven't got anything left to throw at it.

[mr roper] 06/3/2017 10:40

"several corporate initiatives aimed at further strengthening the
Company and providing funding options for the development of BKM have
been significantly advanced. Asiamet expects 2017 to be a
transformational year for the Company and we look forward to providing
further updates shortly".


Might get a blast of additional corporate news in the meantime...

[dorset64] 06/3/2017 10:39

From my thought you should be able to max out this new years ISA prior to PEA, not the other way round.

The only question being, what price will we be at in 4-6 weeks.

[2lb] 06/3/2017 10:35

Guidance was drilling to complete before end of March with report issued before the end of April.

Sit on hands in the meantime.

[mr roper] 06/3/2017 10:33

PEA upgrade should be end of April I think

[2lb] 06/3/2017 10:31

Yes, thats going to play an interesting part in the action over the upgrade period - exactly the same timing as the PEA release.....

[knobbly] 06/3/2017 10:20

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

Only 4 weeks till I can reload my ISA and pick a few more of these up.