Asiamet Resources Share Discussion Threads

[charles clore] 07/12/2016 19:05

Mr R - I like your optimism. Unfortunately, as we have discovered, a lot can happen in a week let alone 3 months.

free stock charts from uk.advfn.com

The current price is at the very bottom of the wedge formation and almost at the 200dma where I would expect a bounce in any healthy stock, and this is certainly that, imho!

[mr roper] 07/12/2016 18:53

2lb, agree. The Resource update at end of q1 will have the big boys drooling at the project economics.

[2lb] 07/12/2016 18:47

With drills running around the clock and TM in Indonesia this week I'm sure we'll get an update before the placing shares hit.BKM is an almost peerless copper project in a rising price cycle and now funded through to BFS when the big players will fund it through to production at multiples of the current price.Buy / Add / Hold

[2lb] 07/12/2016 18:37

Yes cyber , looks like you may be right on that one, easy money for the MMs as usual , what a job that is

[cyberbub] 07/12/2016 18:35

I hope those large trades mean that we've now had the post-placing shakeout.... perhaps a bit of stability for the next few days and then we can start to rise in anticipation of news? Here's hoping anyway.

[cyberbub] 07/12/2016 18:13

Yes looks like my theory was right, look at the times of the trades, those 2 x500k were buys, filled by the 1M sell at almost the same time?

[2lb] 07/12/2016 18:04

The announcement stated that "insiders" had taken part so I believe TM and / or the other directors have subscribed Remember it's only a few weeks on from the management taking options at a premium instead of cash so that shows the confidence in the BKM drilling to date and the long term expectations of value Looks like a large distressed sell dragged us down today , over a million at 2.15

[richsmithsmith] 07/12/2016 17:53

Does anyone know if the board/Tony has bought any in the placing? He was very positive about doing this last time when we saw him in Birmingham last month...

[mr roper] 07/12/2016 16:43

Well the cash is on its way to the bank. Next 4 mths of newsflow should double the share price so I'm looking for 4.5p by end of March.

[cyberbub] 07/12/2016 16:08

That's the spirit Charles Clore, buy when everyone else is panicking! :-)

[cyberbub] 07/12/2016 16:07

2LB those 2x500K were either a rollover IMO, or 2 X limit buys that the MMs are now trying to fill... I can still sell 500K at 2.265, perhaps that would be to fill those trades if they are buys?All as clear as mud as usual, the MMs maintaining their information asymmetry..NAI

[2lb] 07/12/2016 15:49

Another million dumped below the placing price - guess some people just don't believe TM can deliver.

Sells now at 2.265

That's enough for me for today - switching everything off before this really starts to get depressing......

[charles clore] 07/12/2016 15:41

scary - I'll be joining you if the price goes much lower.

[scarymonster] 07/12/2016 15:04

Picked up another 30k shares earlier. Should have waited until this afternoon but never mind. 810k now and thinking of going to 1m.

[aim0raider] 07/12/2016 14:40

Suspect selling is just everyday trading, merely boredom. Nearing the placing price and lower part of the trading channel now, so hoping we'll see a few step in to buy on the technical side and for the 'trophy' 2.30 placing price.

[2lb] 07/12/2016 14:39

Well , you can basically now buy at the placing level so the pi can join the rest if they want to.

[cyberbub] 07/12/2016 14:27

'He can do nothing to expedite licences'... well, nothing legal anyway ;-)

[knobbly] 07/12/2016 13:59

I would imagine that if the Jelai and Beutong licenses were in TM's immediate view he would have held back on the placing to have an improved shareprice.

I'd be surprised if we see licences this year (though happy to be surprised!)
My guess is mid Q1.

I'm in no rush. TM seems to have this all control as far as he can (he can do nothing to expedite licenses).

[2lb] 07/12/2016 13:43

Those selling at 2.3p are doing so because they clearly now won't get a material amount more over the next few weeks so if you are short term trading then you may as well move it elsewhere.

Beutong license would change everything sentiment wise, I believe TM is currently in Indonesia so maybe that's on his agenda for the week.

It's been a very disappointing 2016 post PEA with the strong promised newsflow failing to materialise but on the plus side a great deal of real tangible progress has been made at BKM and the copper price is off the floor and on the way to the 3.25 target that supports the NAV numbers for 2018.

We are certainly due another BKM operational and testing update before the month is out but the much maligned 2.3p end of year price seems nailed on......

[charles clore] 07/12/2016 13:06

adorling - I know you are right but I would rather have a cushion than a hard board under my ARS investment.

Cyber - agreed it's a mystery who might be selling. Not for a profit I'd wager unless they bought some time ago.

[cyberbub] 07/12/2016 13:02

It is hard to work out who is selling at the placing price of 2.3p, if they are forward-sellers they obviously can't be making any money...

[adorling] 07/12/2016 12:55

CC - you will get your rewards for investing many multiples to your average buy price for ARS. I think you were at the investor evening with Tony? He stated quite passionately that we should all remember being there that evening and ARS being 2.5p at the time. We will re-rate significantly in the coming 2 years and I have no doubt we shall all being looking back thinking today's price was one of the best investing opportunities of a lifetime. Keep the faith!

[charles clore] 07/12/2016 12:09

Obviously not a lot of support for the company these days as the selling shows. It never got over the 3.1p placing price and it looks like it will sink below the one at 2.3p. Too late to sell now but I wish I had listened to my words of wisdom last week when it touched 2.6p. Well, they say hindsight is a wonderful thing but it isn't when you ignored foresight!

[barneycosmo] 07/12/2016 11:44

Bought another 101k of shares at 2.42 this morning.