Asiamet Resources Share Discussion Threads

[2lb] 01/12/2016 08:45

We are now at the same price we were when copper hit the bottom at 2.05 and we had yet to receive the excellent BKM drilling updates.

Farcical.

[maverick247] 01/12/2016 08:44

Just added 2 lots of 50k its hilarious !

[2lb] 30/11/2016 17:24

Also a bit odd as mostly buys today , including that last 54k which was mine

[2lb] 30/11/2016 15:49

Copper up, Asiamet down

Standard Day.

[cyberbub] 30/11/2016 15:24

I don't often agree with people like ayesha, but if there is a placing planned for a mill or so - just get on with it, and let's move forward!

[angus thermopyle] 30/11/2016 14:09

I'm guessing that where working capital is concerned they need to raise and have it done and available when or before it's required not if and when the share price goes up after news. I'm guessing that would be gambling with the company being able to continue.

[mr roper] 30/11/2016 13:59

what if you run out of cash before the news?

[gary1966] 30/11/2016 13:50

If significant news is due soon then why not leave any placing until after that news is out. If a placing is done now, then news which ignites the share price means the placing has been done at mates rates.

[cyberbub] 30/11/2016 10:51

Quite possible Charles. I would think any placing would have been organised when the share price hit 3p, yes perhaps at around 2.3 - 2.4p and we have had a fortnight of forward-selling by insiders. If it's just 50m shares and most have been forward sold then I can't see it holding the share price back much, especially if it 'clears the air' in advance of some significant news.

[mr roper] 30/11/2016 10:48

agreed, Charles. I think it's done as well. Quite a few signs.

[charles clore] 30/11/2016 10:39

If there is a placing it is unlikely the share price will remain at this level. Even with the copper rally the share price has already dropped inexplicably from 3p to 2.5p, a 16% difference so there must be something going on. If I had to stick the tail on the donkey I'd go for a 50m share placing at 2.3p with warrants. It looks like some forward selling so it's probably deal done already. I won't be diving in with my hard earned at this price but will have some later thanks.

[mr roper] 30/11/2016 10:33

interestingly they have not uploaded the new presentation to the site...Were there any big changes from October's version?

[barneycosmo] 30/11/2016 10:31

Bought another 125k of shares this morning at 2.43p. Holding now tops 1 million shares at an average of 2.11p..I'm in this for the long term hold. Thankyou adorling for advice and copy of Corp Presentation - November 2016.

[2lb] 30/11/2016 09:56

Could be a very interesting month ahead.

I have to admit I will probably be checking every morning at 7am during December.....

[mr roper] 30/11/2016 09:52

2LB, Tony being in London all week, shortly after the last visit where he was getting a lot of interest from institutions is exactly what makes me think it's in progress. Along with a re read of the Q3 results..

[2lb] 30/11/2016 09:51

My belief all along has been that cash is being raised in line with the expectation of the license dropping in Q4 so running the two activities in parallel means a vale-add funding mechanism given the huge interest in partnering on Beutong.

Tony is in London all week remember.

[mr roper] 30/11/2016 09:48

I'm almost certain a placing is being organized now.

Agree about the Beutong.. final stages sounds like it could drop anyday. I hope they are doing under promise, over deliver..

[maverick247] 30/11/2016 08:54

Massively sit back and put your feet up !

[2lb] 30/11/2016 08:20

As quarterly updates are a TSX requirement it would be nice to think we won't see too many more!

Update a great reminder of just how much the company has progressed since the middle of 2016 and is now really well set up to push on.

Wording on the Beutong license is interesting - specifically now saying it is at the final stage of the government process, combined with the repeated confidence at the Monday presentation that this would be granted in December I wonder if they know a little more than they are letting on - hope they are being outwardly cautious but in fact have already been given the nod.

The fact the the current share price is a fraction of the proven BKM NAV before it is even given a significant upgrade with zero for Beutong, Jelai, the remaining BKM areas, Baroi etc means you can see where the billion dollar target is going to come from.

Massively undervalued. End of.

[mr roper] 30/11/2016 08:11

excellent update. Happy with that.

[dorset64] 30/11/2016 07:42

As one who couldn't make the presentation I really appreciate your feed back guys, thanks.

As for the party on a Yatch in Monaco, if we can co-incide that with the Gran Prix that would be excellent lol

As will most I believe, those that understand the story and the time it will take for us to achieve our aims, I too will be buying more shares as & when funds permit.

Thanks again guys for your postings.