Asiamet Resources Share Discussion Threads

[2lb] 20/3/2017 08:52

You mean the post regarding the Philippines?

What does that have to do with us?

[okidokicoki] 20/3/2017 08:46

defcon3 post on the friday at 8.05 has give me the jitters , could the government stop all mining in country ? I cant see it happening but could it , All the companies could take them to court for going back on licence agreements i would have thought

[ayesha4] 20/3/2017 08:16

Smells of placing

[ramas] 20/3/2017 08:13

Forward selling to placement 3p , 3.5p if we are lucky

[jimduggen] 19/3/2017 21:00

Not until april 1st hopefully.

Need to top up

[letsnotpanic] 19/3/2017 20:28

I would have thought with the ongoing drilling and pending metallurgy test results, there is a good chance of news this week - who knows maybe tomorrow at 7am!

[littlemadam] 19/3/2017 19:57

Stupid boys, how can you have too much news?

[jimduggen] 19/3/2017 17:45

Too much news

[2lb] 19/3/2017 17:32

Cope with what ?

[hawks11] 19/3/2017 17:25

There will be no more news until after this next weekend and the presentations I suspect, if released earlier they would not be able to cope.

[mr roper] 19/3/2017 08:49

Have a word with Mr Manini, Freddie. The company tweet about it a lot

[freddie ferret] 18/3/2017 16:26

Given that in the past copper has been £6500 a ton and is now around £4800 a ton and the £ depreciated quite a bit after the Brexit referendum I do not see why people here have such a fixation on the current copper price. The important thing is what will the price be when we get into production, not tomorrow.

[mr roper] 18/3/2017 12:16

Slow track back to normality for US rates. No sudden 50bps jumps. Market was completely prepared for the rise

[cyberbub] 18/3/2017 12:14

I'm not complaining... but can anyone explain why a rise is US interest rates has led to an increase in $ copper prices?

[mr roper] 18/3/2017 07:56

hxxps://www.fastmarkets.com/base-metals-news/base-metals/copper-today-rally-resumes-helped-weaker-dollar-129173/

[2lb] 17/3/2017 19:05

I believe so Jim, very different situation as regards the security and level at which licenses have been granted and are also in the conversion process.

CHL had / has fraud and local jurisdiction issues.

ARS management are practically locals and connected very highly in central Indonesia government

[jimduggen] 17/3/2017 18:56

2lb, are we safe from avoiding the situation churchill find themselves in?

[letsnotpanic] 17/3/2017 17:56

Top drawer answer! Very much looking forward to the results! Thanks for getting back

[2lb] 17/3/2017 17:46

No worries, fair question.

They are 90% done on the drilling and have all the other info already in the pocket.

The areas still left drilling are known to Steve Hughes and as such there are not likely to be any surprises inc the final 10 holes or so, or only good ones if they do crop up.

Time and effort has in fact already been put into surrounding areas with superb bonus results (huge Zinc find etc)

The PEA was quite extensive and the upgrade is all about moving numbers between measured inferred etc. as well as qualifying cost factors such as the strip ratios involved and cost of extraction which will be impacted heavily by confirmation of heap leaching and other aspects of metallurgy (which they will now all now)

As such the actual results of the last few holes are largely immaterial in respect of producing the resource upgrade and the report can be modified to account for anything weird or wonderful that pops out.

The upgrade report and information is not something that starts once drilling finishes - its something that is an ongoing process to prove up and vastly improve on the PEA.

My calculations based on the PEA and everything we have seen since plus a number of assumptions are for an increase in NAV from 204m to somewhere between 275m and 325m so at the VERY LEAST and increase in NAV at multiples of the current MCAP of the whole company

And this is just BKM

It does NOT include BKZ, Baroi, Beutong , BKNorth, BKWest, Jelai, etc etc etc

Assert potential into the billions of dollars

4p - do the maths.......

[letsnotpanic] 17/3/2017 17:20

How can they have all the info for the upgrade until they have completed all drilling? Genuine question as I'm invested - cheers

[2lb] 17/3/2017 16:31

I'd say primarily traders maverick and also some people wanting to bank profits for CGT purposes with the imminent tax year end.

May also be T-trades closing who either have no cash to settle or were just hoping to catch a spike.

Yes CC, we could do with something juicy before the upgrade which is 4-6 weeks away.

With the company meeting institutions in two weeks they will also want the share price looking strong.

Pretty much all the info required for the resource upgrade will now be in their possession and certainly all of it will be the time of the Mining Maven event on the 30th of March so given that if nothing is released before that event then the Q&A will be a bit odd!!!

[charles clore] 17/3/2017 16:13

The price is obviously struggling at this level. News needed fast!