Asiamet Resources Share Discussion Threads

[richsmithsmith] 19/9/2016 17:05

Mr Roper... good idea. That presentation does need updating and I thought it was the new hire's job (Steve) to produce one asap ???

[richsmithsmith] 19/9/2016 17:02

TM - who knows what fair value is.... but from what I've heard/seen 'the market' values these early projects at 2 cents to every pound of copper in the ground. I don't know the formula for gold or the other metals.

[mr roper] 19/9/2016 16:58

Agree, Rich. Would like to see an updated corporate presentation with some half sensible dates in it. Might drop the company a line.

Podcast will only make sense if TM has some big news in the pipe...but agreed. Would be good just for an update.

[richsmithsmith] 19/9/2016 16:53

Me too Mr R... anything above 2.5p I'm in the blue :) Not heard an update from the horses mouth for a while... I guess we're due a podcast (I know Vox are a big fan of Asiamet) before the resource upgrade.

[mr roper] 19/9/2016 15:19

i'd be happy to see 4p soon, never mind 14p!

Anyone spoken to the company lately to see where we are with the license conversion?

[the manini] 19/9/2016 14:58

So with both licences in place for Beutong and Jelai you're saying about 14p fair value..

[richsmithsmith] 16/9/2016 20:57

I heard Tony say in a podcast that these projects in their very early stages are valued at 2 cents (US) to the pound of copper in the ground. As the project progresses into development it's 8 cents and then production is 15 cents plus....

If you work out all the pounds of copper in the ground for BKM (888M Lbs) and multiply by 2 cents you get £13.6 M market cap.

If you do the same for Beutong (5.3bn Lbs) you get £81.4 M (13 p a share).

[2lb] 16/9/2016 16:40

Whilst that is interesting, it is also nearly 4 months old and as each day passes the fraction of doubt can only increase which may explain some chunky selling this week.

ARS have brought this situation on themselves with their constant "just routine" and "shortly" narrative , which I am sure is always said in good faith.

On the plus side this means that Beutong and Jelai are excluded from the share price as ARS has effectively no asset title to them until the exploration licenses are confirmed.

So, BKM apparently = 2.3p and we know Beutong = >3 x BKM then add a penny for Jelai means share price on confirmation will be over 10p right??

[mr roper] 16/9/2016 12:43

thanks Rich

[maverick247] 16/9/2016 12:21

Hence the share price price Ayesha! You have to be patient and look forward using the presentation timelines. If you dont buy into those then you probably bought the wrong share for your investment horizonHaving been on two calls now with Tony Im very certain of how Asiamet will progressively re-rate - licenses can come whenever, the focus now is BKM and that alone commands an mcap of x4 from here at this stage of the projectBut the market will choose to react when it does!

[knobbly] 16/9/2016 11:19

Cyberbub. Which board?

[cyberbub] 16/9/2016 11:13

Can't copy it on my mobile. Just have a look at the other board... very useful clarification...

[mr roper] 16/9/2016 10:40

can you post it up cyberbub?

[cyberbub] 16/9/2016 10:32

Nice post from Maverick on the other board.

[hawks11] 16/9/2016 09:17

Thanks for that Darren, that was a really good reply. I have Wolf Minerals quite near me and it took years to get going and it is not there yet despite looking like a really good prospect. See WLFE - not invested because I didn't think I would live long enough to see it in profit but should keep a keener eye than I have.

All here think that ARS will X 10 from here without a problem and probably when the first wheelbarrow is filled!

[aim0raider] 16/9/2016 08:18

We are all naturally suspicious on AIM, but it think this provides adequate explanation to reassure doubters.

Colin Bird of JLP has always maintained a similar stance with their Tjate mining license application. That it can not be refused providing all measures required have been catered for.

[maverick247] 16/9/2016 08:03

Ayesha the surprise was the tax rebate !Regarding licenses please see email between myself and tony clearing up the confusion.They are being progressed and by the Indo law the licenses are oursDarren, that is correct.RegardsTonySent from my iPhoneOn 1 Jun 2016, at 6:54 PM, Darren Morgan wrote:Tony, many thanks for that quick response.So I think I read that asAsiamet cannot lose an exploration license if they have applied for a production license conversion OR applied for an extension to the current exploration license, hence why you have applied for an extension also, not relying on just the production application.ThanksDarrenOn 1 Jun 2016, at 06:33, Tony Manini wrote:Darren, All the licencing is progressing through the approvals process as it should and we have no reason to be concerned. What we are working on here is effectively a mining licence for 20+10+10 years. In any country in the world this would take 12-18 months and in some places like Spain has taken some companies +3 years. The documentation supporting these applications stretches from floor to ceiling and has to be processed through multiple levels and departments of government. This is a developing country with a relatively new mining law, implementing regulations and human resources capacity. To do it properly by the letter of the law takes time and patience; there are no fast fixes or short cuts. Specifically in response to your question what happens if we pass the expiry dates. Under Indonesian Mining law the holder of an IUP exploration is guaranteed an IUP production provided all requirements have been met, and an IUP exploration cannot be terminated if there has been an application made to convert to an IUP production or an extension of the IUP exploration. Priority is always given to the existing holder.If within 3 month from the date of IUP exploration expiring the Company has not submitted an application to convert to an IUP production or an extension of the IUP exploration, ESDM send the Company a warning letter. If the Company has not responded within one week ESDM will issue the Company with a letter of termination. Clearly the latter applies to Asiamet given we submitted applications more than 6 months ago, and so while continuity of title is guaranteed by the law, we have also applied for a suspension of each IUP exploration to be doubly sure we are covered off at both the Central Government and Provincial Government levels. Simply another level of risk mitigation. Nothing more or less.RegardsTony-----Original Message-----From: Darren Morgan [mailto:[e-mail]] Sent: Tuesday, May 31, 2016 9:00 PMTo: [e-mail]: RNS license ambiguityHi TonyThanks for the recent conf call you attended whilst in London. I was on the call and very pleased as a shareholder on Asiamets plans.The reason I am emailing you direct is due to todays RNS. It says the both Jelai snd Beutong licenses expire in June. What exactly is not clear is what happens say June 3rd if Jelai prod license news hasn't arrived. Why is an extension being applied for if a production license is in progress and by definition superceeds it The usual bulletin board doubters are jumping on license expiration and I'm looking for a clear understanding on the situation especially given the recent bad run on the share price.Thanks

[richsmithsmith] 15/9/2016 22:30

On the vox podcast tonight https://www.voxmarkets.co.uk/blogs/586-alan-green-on-adl-and-sty-plus-chris-bailey-on-mrw-tsco-and-nxt/

[cyberbub] 15/9/2016 17:53

Needs more skill to predict share price at Xmas 2017... Xmas 2016 could be anywhere!If all goes to plan on development and the copper price has started to move firmly northwards, I predict 15p by Xmas 2017.No advice intended of course :-)

[knobbly] 15/9/2016 12:39

LOL. No. Seriously, 5.5p