Asiamet Resources Share Discussion Threads

[richsmithsmith] 08/12/2016 13:06

Agree 100% M247 We know the mine life is longer and the heapleach is better (and needs little acid). And we know the majority of inferred and indicated will get moved up to measured. Cu price has gone up. BKM has extendable zones each side of it. We think operating costs will come down from $1.50 all in. Question is how much will the NPV increase by. Not if it will.

[2lb] 08/12/2016 13:06

Placing or open market, the important thing is that in both cases its more shares into the hands of those waiting for the story to unfold rather than chasing 0.3p rises.

BKM will quickly ANNUALLY generate cash in excess of the current MCAP such is the farcical market valuation at present.

I expect the resource upgrade to be very detailed and precise with some superb numbers relating to quantity ands quality of copper , project NAV and IRR plus lower overheads and all in a rising copper price cycles compare to the PEA.

[the manini] 08/12/2016 13:01

BKM = BANK MACHINE!

[maverick247] 08/12/2016 12:58

I could have participated in the placing but to be honest im happy to add in the open market in my ISA as this level will be history soon.Great crowd in this group and some good challenging questions and rightly so.Im more excited to see the BKM resource update than licenses at this stage as thats our near term money machine!

[maverick247] 08/12/2016 12:42

Added 100k at 2.38

[cyberbub] 08/12/2016 12:36

The basic point is that (assuming things go to plan, and that the shares in issue don't rise significantly) it would be unlikely that any takeover would succeed below say 15p IMO. There has been 8p per share invested in exploration so far, people stumping up that money for so long will want a return.It's hard to see any downside from 2.3p IMO.Famous last words?

[2lb] 08/12/2016 12:36

TM has stated he would not accept and offer below 39p so thats 33p post placing.

I think once all projects are in place and progressing to BFS stages then any offer would be significant.

The question would be more around an offer post BKM resource upgrade, say around April / May time in excess of 15p, then would give many a clear dilemma.......

For the next few months the difference between 2.3p, 2.5p, 2.7p etc is immaterial other than to save a few quid on the way in.

[aim0raider] 08/12/2016 12:29

I think that's what is concerning a lot of people. An offer, and it ends up being sold too low!

[2lb] 08/12/2016 12:19

522k buy and a 600k buy, that's more like it......

If people are waiting on the sidelines to either buy-in or add to existing holdings then I don't see much opportunity after the next few weeks, new placing shares will be going into sticky hands for the run to production and many / most to existing holders.

I had a good run in PANR from 17p to £1.50 and this still reminds me of that run. Clear and accepted asset base ignored for what seemed an eternity then suddenly a mad rush to get in drove it up to x10 at the peak. Both have proven management and low capex / opex projects being developed in their respective commodity down cycle.

Once Asiamet hits the radar then the sheer quality and size of the BKM and Beutong projects will do the talking.......

[the manini] 08/12/2016 12:16

Okidokicoki this short article is from November 2003 when Oxiana hit the Billion dollar market cap 4 years earlier than predicted ;)http://www.theage.com.au/articles/2003/11/10/1068329485066.html

[richsmithsmith] 08/12/2016 11:42

like this you mean...

[mr roper] 08/12/2016 10:17

agreed, 2LB. Hope TM is at the IUP license award ceremony ;0)

[2lb] 08/12/2016 10:10

The Oxiana metrics are not as good as the Asiamet numbers - not even close....

And look what happened there........

I think Jackbal in on the money above, price here is totally detached from the fundamental and the actual value, we are just too early still for most AIM "investors" which is good news for those of us who have researched the company fully and taken advantage of getting in before things take off from Q1 2017 onwards.

I am very confident that my holding here will provide an excellent return over the next 12 months and beyond and am still open to adding on any weakness below the placing price .

Really intrigued by TM presence in Indonesia this week.

[peterpowell21] 08/12/2016 09:41

can i give you a heads up on a company.
take a look at MTL.
its worth a read.

[okidokicoki] 08/12/2016 09:40

I put on the lse website would love to know what the market cap was in 2003 when that was given to the public (RNS)

[aim0raider] 08/12/2016 09:26

Lot of focus on these licences, but the BKM project on it's own is tremendous. More so once Res upgrades are finalised.

[mr roper] 08/12/2016 09:21

Interesting post from Swinger on LSE..Oxiana BFS in 2003

Oxiana BFS 2003 HighlightsToday 05:58
A summary of the highlights of the copper base case on a full project
basis is provided below:

Resources 26 Mt @ 4.1% Cu (1.0% Cut Off) for 1.1 Mt copper
Mining Reserve 13.5 Mt @ 5.1% Cu
_________________________________________________
Process Whole of Ore Leach, Solvent Extraction,
Electrowinning
Metallurgical Recovery +90%
Production 60,000 t/a LME Grade Copper Cathodes
Initial Mine Life 11 years
_________________________________________________
Capital Cost Estimate US$155 170 M
Cash Operating Cost Estimate US 35-40/lb Copper
_________________________________________________
Internal Rate of Return At US 85/lb Copper Price
22%
Average Operating Cash Flow US$60M/a
Payback Period <3 years
____________________________________

[jackbal] 08/12/2016 08:05

still think my estimate is nonsense snicker dog? Reckon your comment will look like nonsenseto before the 20th. Overall I'm very bullish on this stock and expecting double digits within 12 months but will keep my buy order at 2.15 for now. Fundamentals often have no relationship to price action in the short term even more so with penny shares. It's a massive buying opportunity, just a question if how long to keep your powder dry imo

[mr roper] 07/12/2016 21:28

1m plus sale could well be seller out

[mr roper] 07/12/2016 19:18

Nice pic, Charles. Naturally Beutong could come out of the blue with a big name partner then all bets are off...8p here we come

[2lb] 07/12/2016 19:18

I reckon if ARS put out bad news we'd probably fly , rising copper prices and good news RNS releases don't see to be able to make it go up !

[charles clore] 07/12/2016 19:16

cyberbub - I am not talking about bad news. I don't see fundraising as bad news. Rather the opposite in fact. My comment was meant to be allude to the fact that things can happen as unexpectedly as the recent fundraising news and the sudden drop in share price which I think has more to do with how the stock is traded and who is trading it than the news itself.

[cyberbub] 07/12/2016 19:09

What do you mean CC? There has been nothing but good news from ARS - the fact that the share price is dropping is surely just the usual AIM scalpers and forward-sellers etc? Fear and greed going in cycles etcOf course that doesn't mean there won't be some bad news in future...