Asiamet Resources Share Discussion Threads

[knicol46] 10/10/2016 11:35

bid support gaining, 1st tick up of day so far

[richsmithsmith] 10/10/2016 11:27

you were right... she ticked up
and OMG yes... let's have some news this week...

[2lb] 10/10/2016 10:05

Looks like the last chance to buy below 2.30p has now gone.

Come on TM, get some of this news flow started.

Copper pushing back to 2.2

[trigger blade] 06/10/2016 17:00

Charles,

Best stick to selling shoes :-)

[charles clore] 06/10/2016 16:32

Sorry, wrong thread!

[the manini] 06/10/2016 16:31

I'm hoping an upgraded resource estimate will get us above the last placing price then licence news and we take off. Then it's either do a quick sale for Jelai or raise cash but as you've said somewhere above the 5p level..

[charles clore] 06/10/2016 16:31

There are quite a few small miners in or close to production with no debt and much lower market cap than EUA but their share price hasnt reflected this important fact. Its a sign of the current times and anyone hoping for big increases in the run up to production here is likely to be very disappointed imho

[mr roper] 06/10/2016 16:28

agreed, 2LB but we've gotta get above 5p first...It's a long way to the top, if you wanna be a millionaire!

[2lb] 06/10/2016 16:25

I reckon TM will be looking to do the next raise north of 5p based on current activity in the background. That would send a strong message.

Still baffling that we are so far below the 3.1p placement price despite the excellent BKM progress.

[mr roper] 06/10/2016 16:19

agreed but 5p maybe tempting to some (not me I hasten to add) but if they offered 8p I'd be tempted. A bird in the hand an all that..

[the manini] 06/10/2016 16:17

Of course I recognise the need for further funding to take us through 2017 but the point still stands that 5p is way too cheap for the assets, the licences, the quantity of copper, gold and molybdenum in the ground and the cost of all the drill work that has been done over the years imo.

[mr roper] 06/10/2016 15:25

The Manini, that may well be the case but we can't use the magic money tree for this. At some point additional funding will be required as most thought that Jelai would have been sold to help fund a significant part of the mine development.

Here's hoping for some clarity on the various corporate initiatives in the very near future. (not "shortly")

[the manini] 06/10/2016 15:08

Personally I wouldn't even consider 5p. It would be laughable. In less than one year now we'll be building the mine infrastructure ready to go into production at BKM. We'll have all 3 production licences in place with Jelai ready to sell or sold and Beutong ready to partner with a major..

[mr roper] 06/10/2016 14:06

agreed, 2LB. That's why I'm wary off any low ball bid. If TM's hard work can unlock the value then maybe it'll be off to another suitor to try.

[trigger blade] 06/10/2016 14:06

2LB,

I'm still keeping the faith, but now feels like a good time to be in practically any other share but ARS :-)

[2lb] 06/10/2016 14:01

You start to wonder what it will take to get any sort of "fair" value reflected in the Asiamet MCAP.

TM very quiet of late.

[richsmithsmith] 06/10/2016 13:55

exactly...
the $204M Net Present Value of BKM listed in the broker note is now worth £161.4M or 26p per share.

[2lb] 06/10/2016 13:30

Not a bad time to be listed in GBP but operated in USD.

[2lb] 06/10/2016 09:37

Possibly the one single snippet that any current or potential investors should listen to is from 7 minutes on in this interview from only two months ago (Aug 16)



"Asiamet Resources has billion dollar potential....."

"We are on the cusp of the business being re-rated from what are , in my mind, quite ridiculously low valuations at this point in time"

[2lb] 06/10/2016 09:34

Thanks Mr R - that's saved me a job :-)

Clearly the license timescales are the most frustrating. So we are now five months into the 12 month "purely routine" extension period.

BKM alone is still worth a great deal more than the current MCAP so the ongoing updates on moving that closer to production and, more importantly, the resource upgrade should get the share price moving when it appears "shortly".

[mr roper] 06/10/2016 08:59

Been doing some "shortly" analysis....

15/09
The feasibility study on BKM is progressing to plan and
first results from the detailed heap leach test work are expected
shortly.

Still pending - Shortly =?

25/08
Conversion of both the Beutong IUP and Jelai IUP has been significantly
delayed due to changes to the regulatory process and the responsible
regulatory bodies and personnel within the Government of Indonesia,
however the process is now nearing completion and a decision on the
grant of an IUP production for both projects is expected shortly

Still pending - Shortly = 6 weeks plus from this updated.

21/07
Five additional holes have also been
completed on this line and assays are expected shortly.

Confirmed on 04/08 (shortly = two weeks)

07/07
A comprehensive infill and extension drilling program is well underway and we anticipate receiving and reporting the first drill results from this exciting
program shortly.

- Confirmed on 21/07 - (shortly = two weeks)

31/05
Asiamet also holds an indirect 40% interest in the Beutong Izin Usaha
Pertambangan ("Beutong IUP") and has been focused on the conversion of this IUP exploration to an IUP production. Following a number of delays related to implementin regulations associated with the Mining Law, this conversion is now in the latter stages of the approvals process. A final
presentation to the Ministry of Energy and Mineral Resources ("ESDM") is
scheduled for May 31st, 2016 and a decision on the grant of the IUP
production is expected shortly thereafter.

Still pending...= shortly = 5 months

[2lb] 05/10/2016 19:17

7 months on from some pretty bold words from TM.....still worth another listen.




AsiaMet Resources Limited expects PEA to show “valuations at many multiples” of current share price

[mr roper] 04/10/2016 17:03

agreed, rich. I think we'll get an update this week. TM likes his fortnightly updates