Asiamet Resources Share Discussion Threads

[librayang0925] 20/3/2017 18:07

Don't hope, I think 10p when they release the results of BFS is for sure

[2lb] 20/3/2017 17:09

I seriously hope it is coming this year - on the back of the BFS at min 25p....

[mr roper] 20/3/2017 16:57

a week is a long time for Jim...

jimduggen - 14 Mar 2017 - 22:33:20 - 5675 of 5749 Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG)) - ARS
Insiders loading up before the beast is unleashed

jimduggen - 14 Mar 2017 - 19:43:49 - 5669 of 5749 Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG)) - ARS
They cant hide this and hold it down for much longer.
The value in this is clear to see.

[letsnotpanic] 20/3/2017 16:50

Sometime this year? Mate, it's March!

[charles clore] 20/3/2017 16:49

Jim you need to chill

[jimduggen] 20/3/2017 16:47

Placing coming sometime this year imo
Could be dropped in anticipation.

[the manini] 20/3/2017 16:15

A few clowns on here today!

[jimduggen] 20/3/2017 15:53

Hawks11 a valid point. Caution here imo is needed.

[hawks11] 20/3/2017 15:51

There is quite a record of unrest in the 21st century at the mine.
Management will be quizzed over this no doubt, "A key point of contention in negotiations is BHP’s attempts to give new workers fewer benefits than those already employed at the mine."

[mr roper] 20/3/2017 14:24

Workers At Two Of The World’s Biggest Copper Mines Are On Indefinite Strike
in World
by Federico Fuentes — March 20, 2017

Workers have gone on indefinite strikes at Chile and Peru’s largest copper mines and ignited the potential for further struggles in the sector.

The neighbouring South American countries are the world’s first- and second- biggest producers of copper, respectively. Mining companies there have benefitted over the past few years from rising global demand and prices, but workers have seen little to no benefit from the boom.

Now mine workers are flexing their muscle to demand their share of the spoils.

Explaining why his union’s 1300 members had walked off the job the day before, Zenon Mujica, the secretary general of the union at Peru’s Cerro Verde mine, said on March 11: “Copper prices have improved, production has improved, but wages for workers haven’t improved”

Cerro Verde, which is owned by US mining company Freeport-McMoran, saw output almost double last year due to the introduction of new technology.

The company has attempted to circumvent the strike by hiring contract workers. The government is expected to declare the strike illegal within the next week, meaning workers face the prospect of being sacked if they do not return to work.

However, Mujica said the union is preparing to expand the workers’ struggle into a “social conflict” and involve local communities and organisations to ensure the workers’ voices are heard.

The strike at Cerro Verde has further shaken a global copper market feeling the effects of a strike that began on February 9 at the Escondida copper mine in Chile.

Escondida is the largest copper mine in the world and represents about 5% of global production.

The strike by Escondida’s 2500 workers has so far cost BHP Billiton and its mine partners (including Rio Tinto and Mitsubishi) more than US$712 million in lost sales.

A key point of contention in negotiations is BHP’s attempts to give new workers fewer benefits than those already employed at the mine.

This has been seen as an attempt to circumvent a provision in the new labour law, set to come into effect in April, which will prevent companies from offering weaker benefits during negotiations than those afforded in previous contracts.

If BHP is successful, the door will be open to lowering the floor for negotiations at the next round of talks. This would also wind back gains won over years of struggle, including through previous strikes at Escondida in 2006 and 2011.

Conversely, there are fears that the strike could encourage others to follow suit, with the owners of a number of other copper mines in Chile – that together represent 12% of global output – set to renegotiate contracts with workers later this year.

First published in GreenLeft
hxxps://www.countercurrents.org/2017/03/20/workers-at-two-of-the-worlds-biggest-copper-mines-are-on-indefinite-strike/

[2lb] 20/3/2017 13:09

It's coming CC be it this week , next week or whenever but it won't be long before we hit new highs.....

[2lb] 20/3/2017 13:07

PsThere is NO imminent placing for Asiamet , just rumours from people with an agenda to drive the price down

[charles clore] 20/3/2017 13:07

Im hoping for a big bounce this week

[2lb] 20/3/2017 13:06

Rumours of placings do far more damage to sentiment and share prices that actual placings ever manage It becomes circular , people sell so price drops so rumour gains credibility so people sell so price drops.....It's bloody tedious and drives a lot of AIM company movementThe only way to reverse it is with ongoing positive news flow which ARS has been promising for six months now , one can only assume it will start "soon"

[gary1966] 20/3/2017 13:01

I am not a shorter but I have to say that my initial thought, in conjunction with share price action in the few days prior to the announcement, when they announced the investor show was the possibility of a placement and forward selling was taking place. I hope not as I see no need for cash at the moment and would like to see any fund raising done on the back of what should be some very good announcements over the next month and therefor at a higher share price.

ATB

Gary

[littlemadam] 20/3/2017 11:32

Agree. I have all the shares I want and need but this price is very tempting.
But want to keep a few bob spare. I am buying another holiday cottage on Anglesey so down to my last £40k of cash. Can't go too low darlings!!

[maverick247] 20/3/2017 10:15

Indeed i thought so too!

[adorling] 20/3/2017 10:06

I see we have some co-ordinated shorters at work here. Hope they get caught 'short' like last time just as Tony and Peter announce the feasibility updates and possible partner agreements plus a real sting will be Production licences of course. The next 5-10 days will reveal all.

[librayang0925] 20/3/2017 09:07

Dear Friends on the board,I have loss in the previous two tax years. I am not registered on self assessment. How do I let HMRC know my loss to offset future gains. Thanks in advance for your help.

[okidokicoki] 20/3/2017 09:05

Opps sorry my bad was tired when i was reading it and thought it was talking about indonesia my bad was at work at the time so was skim reading , Feel alot better now

[aim0raider] 20/3/2017 08:57

This was completed a couple of months ago, it's funded up to FS.

ayesha420 Mar '17 - 08:16 - 5724 of 5728 0 0
Smells of placing

[librayang0925] 20/3/2017 08:55

Why the sudden drop

[mr roper] 20/3/2017 08:53

In the past when the Phillipines reduce production of say, nickel, Indonesia increases it's production...