Asiamet Resources Share Discussion Threads

[mr roper] 15/12/2016 12:02

another 398000 buy...no movement.

O/T - I like FBT a lot, HB. Have a fair holding there. Did you see the thread on LSE today regarding the MSFT demo?

[mr roper] 15/12/2016 10:22

saying that.. 590k sell and the bid price starting to edge up...?

[mr roper] 15/12/2016 09:34

lol..I know, mav...500k buy and the share price is solid as a rock. Gotta laugh..

[maverick247] 15/12/2016 09:33

500k of sells would have knocked 10% off this today. But the buys add nothing.As the stock is bought up into sticky hands will be interesting to watch where the price goes.

[adorling] 14/12/2016 22:03

Keep buying Dorset and you'll catch up on these dips!

[dorset64] 14/12/2016 19:59

My only issue with your post Adorling, is that you have far too many more shares than I lol

Other than that, can't argue with anything :)

[mr roper] 14/12/2016 19:37

Nice post adorling, happy if half of that comes true

[richsmithsmith] 14/12/2016 19:21

Me too... great post and congrats.

[the manini] 14/12/2016 19:20

Exactly adorling, couldn't agree more with all those sentiments.

[adorling] 14/12/2016 17:34

To all you guys and girls who attended the Counting House meeting with TM. We all know that ARS will be many multiples of today's ridiculous price and market cap in 2018-2019 when we are producing low cost, low strip ratio, high crush size, heap leach copper which is likely to be over the $3.25 forecast in the PEA report. All indicators are pointing north and the share price will join these measures soon.

Never forget that when Tony took Oxiana from $3 million to eventual sale at over $6 billion he stated that he wants to do the same with ARS. I believe him to the tune of a 6 million personal share holding and I need to let the TM pledge deliver as I have no intention of selling until we are at least in excess of 50p or taken out for over 100p. Patience is required but I have a high confidence TM and his team will deliver. I have a retirement date of 2024 but ARS might deliver retirement in 2019 for me. Keep the faith investors and let the traders enjoy their occasional £100 profits less trading costs but I am looking for £millions not £pounds to execute my sale eventually.

[cyberbub] 14/12/2016 17:01

If you look at the 3 year chart it seems clear that we are in a sideways range/pennant for now. The gaps between the previous spikes were 18 months or so. We are 9-10 months into the current gap, so perhaps the next big spike will be in mid-2017? I am certainly hoping it will be sooner though, and if we get a decent stream of good news I believe it will be!NAI

[okidokicoki] 14/12/2016 15:55

Has gone blue on HL website but not here ! We all know here we are on to a good thing and most are building great positions in ARS . All the investors on here have done research research research and seem quite a intelligent lot (apart from me who is terrible at spelling)We just have to wait for news to arrive and the herd will follow . it is ridiculously undervalued and in a few years we will be laughing at getting in at these prices when people are paying x5 what we are and they will still be happy to do so this is monster and is going to make the LTH alot of money over the next few years! i cant even imagine what it will be in 6 or 7 years DYOR GLA Craig

[cyberbub] 14/12/2016 15:44

Excellent analogy 2LB... Buffett would be proud!

[the manini] 14/12/2016 15:24

Lol 2lb good analogy

[pixi] 14/12/2016 15:09

I sold out earlier in the year on the spike to 4p and have just bought back in with 200,000. GLA

[2lb] 14/12/2016 15:00

Let's face it, none of the assets other than BKM main are in the current price - and even that is only a reflected as a fraction of actual value.

The whole MCAP is farcical but we need TM to demonstrate this with ongoing tangible progress and updates then at some point "the market" will catch on

Until then it's simply case of holding and accumulating on any weakness.

Think if it as having been given a 500m head start in a 1500m race that isn't on the TV yet.....but will be televised from 750m onwards.....(well, that makes sense to me in any case)

[the manini] 14/12/2016 14:28

That's a good point to reiterate Richard, the ksk contract of work is by no means just about BKM, that's just one part of it.

[mr roper] 14/12/2016 12:58

Well, with the cash in the bank the stage is set for TM to deliver and hopefully soon

[scarymonster] 14/12/2016 12:56

Very frustrating. Days full of buying and we hardly move then a few small sells knock us down with ease. A double edged sword for me as it's allowing me to slowly move towards my 1m target on limited funds. 900k now.

[richsmithsmith] 14/12/2016 11:23

Just talking about the KSK Copper and Gold Project (BKM is part of this) I suspect some investors might have missed the potential size of the project we’re talking about. Beutong and Jelai when they land will be big and yadda yadda yadda (we all know this) and maybe because they’ve been the focus of some groups of traders waiting to buy on this news we’ve missed the thing in front of our faces.

So ignoring all that if we look at the published PEA numbers we get a net present value of $204M (page 12, company presentation) but that’s just for BK Main (aka BKM). In the map on page 8 of the company presentation BKM is the zone in the middle on the right, there are other zones in the KSK Copper and Gold Project.

I’ve approximately worked out the area of each zone (assumed the map is to scale).

BKM = 3.68km squared
BKWest = 4.62km squared
BKSouth = 2.4km squared
BKZ = 1.92km squared

This makes a total of 12.62 square kms. The PEA net present value of $204M is from 3.68 km squared (BKM) of this or 30%. Little drilling has happened in the other zones but we know that they have a couple holes in BK South and this shows mineralization continues south.

The other zones contain Copper but also Gold, Lead, Zinc and Silver. These are all within trucking distance of the BKMain plant and as they’ll be an operating mine within a couple of kms the economics of adding in these new zones must be very attractive.

So… not only do we have a very conservative valuation applied to BKM in the PEA which was released earlier this year. The results released last few months suggest the value after tax of BKM will be improved (longer mine life, better resource continuation, lower capex being explored, better strip ratio, low acid requirement for leach process and a better strip ratio) the prospect of extending this project in all directions offers incredible upside. The company’s focus is the feasibility study at the moment but as the new zones get drilled, reported on and factored into valuations the $204M NPV should increase considerably.

As ever… GLA/DYOR/NAI… have a look at the numbers and make your own mind up. I know several people have quietly built multi-million share positions in this stock this year while traders have bought and sold out on spikes for small % gains. Here’s to 2017…

[mr roper] 14/12/2016 11:15

bought 70000 yesterday, 2LB, so I've done my bit :0)

would suspect the news will drop post the placement date, so action around Dec 20...

An ops update on BKM or explo update wouldn't harm us...

[2lb] 14/12/2016 11:07

Another mark down on small sells that are , bizarrely, increasing in their sell price.

May need us all to orchestrate buying 50k shares each in one day to change things around - used to work a treat on the EME board a while back.

Actual bid currently 2.336

Two weeks of December left - what odds the Beutong license dropping and blowing the share price away before year end........

There appears of money tied up in MRS and CTAG at the moment which isn't helping AIM liquidity in general.

[cyberbub] 13/12/2016 14:55

Ah yes I do actually remember now, doh! As you say it won't affect us as we plan to be producing copper cathode directly.

[okidokicoki] 13/12/2016 14:53

yea we will be making copper cathode which is the finished product so not a problem for us