Asiamet Resources Share Discussion Threads

[adorling] 28/11/2016 21:29

Forgot to mention TM still expects Beutong to be confirmed for production licence before Christmas - good news if that happens. We shall see.

[mr roper] 28/11/2016 21:16

Thanks Adorling. BKM is going to become a stellar asset

[adorling] 28/11/2016 21:14

For the record these were my notes from this evening meeting. They are quotes from Tony presenting.Only BKM main is in the feasibility study to prove NPV of previous PEA report. Therefore BKM South & West will add serious upside to value.Crushing data was significant as showed we can use 19mm crushed ore for heap leaching compared to 12mm so another cost savingBKM will scale up from 10,000t pa to 25,000t pa.We are going to extend the full heap leaching testing by 3 months to fully optimise this process.Beutong has some serious intrinsic value that the market is not paying 1 cent for currently.Key driver of interest from the Chinese is the "One belt one road" strategy and Indonesia has become an increasing part of Chinese future resourcing for copper.SERIOUS MULTIPLES WILL BE MADE BY INVESTING IN ASIAMET BUT NOT TRADING. I am taking this Company to a +$billion value assetBiggest risk will be funding but I am not worried and don't have issues getting it to complete feasibility $3-4 million (Jelai sale will generate $1-2 million) but if copper price keeps going up they will be throwing money at us. BKM feasibility update will likely be near end Q1That's most of my notes.

[adorling] 28/11/2016 21:02

The 1 million was my buy order today for the record. Good meeting tonight.

[mr roper] 28/11/2016 20:46

lol mav! Hope the stage is soon!

[maverick247] 28/11/2016 20:42

Without trying to sound rampy at some stage this is just going to go !

[2lb] 28/11/2016 19:22

There's the late 500k sell that caused the bid drop , not even that big mind in the course of the day. TM currently presenting to a full room so let's see what tomorrow brings.

[2lb] 28/11/2016 17:10

No, it's a buy order filled.

[mr roper] 28/11/2016 17:00

Is the 1m sell actually adorlings buy?

[cyberbub] 28/11/2016 16:54

2LB, surely the delayed 1M trade at 2.46p is a sell??In which case all the rest of today's trades (being at higher prices) are buys to fill the 1M sell?

[mr roper] 28/11/2016 16:40

Personally I don't expect any material news this week. Would make sense for TM to be discussing the positive impact of the copper price on the current PEA and also spark the fire that the current PEA will be blown out of the water. Would be good if someone could ask him about placing plans and current cash position. I'm expecting most material news in Q1. Beutong/jelai and upgraded resource estimate

[2lb] 28/11/2016 16:21

So 1.9m buys and only 180k sells and they drop the bid back down

Can only be a large sell or sells coming through......

Come on TM, drop something material!

[charles clore] 28/11/2016 16:07

Or maybe someone this evening will be able cast some light as to who the seller might be! My instinct tells me the price should be much higher than this. Maybe it is a placing and forward selling holding it back but it would still be a steal imho.

[cyberbub] 28/11/2016 14:53

Interesting adoring, so there must be a sell in the system still... let's hope tonight's meeting provokes enough buying to overcome it finally...

[mr roper] 28/11/2016 12:24

That was one of the options, Nick.
Dorset, new presentation should be up on the site this evenings to coincide with the event

[nick rubens] 28/11/2016 12:15

Wasn't it said that TM has high net worth individuals to take up future placings ahead of bringing in the big corporates for the final development phase?

[charles clore] 28/11/2016 10:10

ayesha4 for what it's worth - if this should be 5p already then even a placing of 574m shares would only give us the price we have today. What sort of level of dilution are people afraid of here, £1m, or 60m shares? Not worth worrying about imho. The company needs cash to survive. Would you rather have the company go into liquidation through lack of cash before having a chance to crystallise an asset?

[2lb] 28/11/2016 09:42

It should be adorling and it was on its way until Nov 2 when we shot ourselves in the foot momentum wise.

Interested to see if TM can inspire more buying tomorrow after presentation tonight.

December this week which is the last month for Beutong license dropping on the rescheduled project plan.

[ayesha4] 28/11/2016 09:38

MaverickI fear a placing. Why else is this not 5p already

[adorling] 28/11/2016 07:37

Another resistance line broken by copper price - got to be adding huge NPV to ARS at this rate of projection as assets and grades increase, market forecasts realigning due to sooner than expected copper supply deficits and costs of production are decreasing.

ARS should be storming ahead these facts???

[dorset64] 28/11/2016 06:55

I'm unfortunately stuck in China for tonight so does anyone know if they will put the whole presentation/slides on the web site or, if not can someone please ask if they will do, I'd & a few others would appreciate the question.

Also in advance thanks to anyone that relates their thoughts on the presentation on to here later tonight/tommorrow.

On the current price action I'm late to the door so only bought in a few weeks back so for me, I'm quick happy as it is as, although wishing for a continual higher share price, realistic that entities like this one takes time, and when theres a perceived delay in comms or an upcoming funding round, the share price also drags its heels.

Hopefully tonight many Q's will be answered to those there and I'm sure you guys will be asking about the 'late' news and funding options/dates.

[mr roper] 28/11/2016 05:49

Copper through 2.7 now. Would expect the Bunsen burners to come off now and enter a consolidation period

[2lb] 28/11/2016 00:11

Not going tonight but I am sure it will be a compelling presentation and I hope it attracts new long term investors.Please report back if there any good stuff crops up , mainly in the Q&A

[cyberbub] 27/11/2016 23:25

The chart is looking ripe for a turn northwards again this week IMO... as long as there is no bad news etc... let's hope the presentation brings in a few more buyers...NAI