Asiamet Resources Share Discussion Threads

[mr roper] 24/1/2017 16:37

It's starting to steepen the curve, 2LB.. First time I've hoped for a strike in my life!

[2lb] 24/1/2017 16:35

Copper banging it's head on the 2.70 line now.....

Still awaiting news from Chile!

[2lb] 24/1/2017 14:36

Potential of more assay results over the course of this week and next.

[scarymonster] 24/1/2017 14:34

Nothing would make me happier. :)

[okidokicoki] 24/1/2017 14:31

People who sold out at 3p and are waiting for it to drop back down to 2.5 might get their fingers burned this week .

[okidokicoki] 24/1/2017 14:22

Totally agree maverick.

[maverick247] 24/1/2017 13:46

I expect Mr Roper is saying what we are all thinking but we do need to put it on the back burner and let it happen.Lets focus on the exciting near term project and news flow on bkm which as a standalone project at this stage is worth multiples of mcap

[mr roper] 24/1/2017 13:44

if there is a strike at Escondida I think we'll see 3 bucks this week, 2LB

[2lb] 24/1/2017 13:41

Yes, copper having another turn at breaking 2.70

Any hint of "bad news" from Chile and I think it will start a surge towards $3

Nice to see a buy at 2.94

That pesky 3p barrier will go sooner or later......

[x54v] 24/1/2017 13:18

Copper price strong today.

[knobbly] 24/1/2017 12:39

Mr Roper, can you stop bleating on about Beutong everyday.
It's becoming nauseous.

[maverick247] 24/1/2017 12:37

I rebought it at 2.5 and sold at 3.5 thought id made a good trade!Seriously, scope here far outweighs amc from my research

[mr roper] 24/1/2017 12:28

mav, i'll settle for that.. 2-12p..sheezus!

[2lb] 24/1/2017 11:34

There are a few like that - some just catch fire.

Our farcical valuation will rerate at some point...

Currently 2.77 v 2.94 for 250k either way

[maverick247] 24/1/2017 11:32

Amc went from 2-12p recently on no major newsIve followed amc, imo it doesnt have anywhere near the scope of whats here or a proven CEO

[mr roper] 24/1/2017 10:49

copper..hmmmm

[2lb] 24/1/2017 10:14

Two chunky sells dragging it back, now showing.

Yes, Beutong is an issue now, but frustratingly only because TM has made it an issue by over promising on the timescale for delivery - always dangerous when its out of your control

It's now raising credibility questions regarding ARS in Indonesia, where really there aren't any issues and we know BKM is rock solid and worth many multiples of current share price on its own.

Sadly I agree that we won't go anywhere fast until it drops, or until BKM upgrade mid to end of March. Lucking as Asiamet holders we are well versed in the art of patience.

Copper market has all eyes on Chile today......

[mr roper] 24/1/2017 10:00

copper up
sells = 0
buys = 455,721

SP..flat..naturally..

[mr roper] 24/1/2017 09:35

Any strike action is going to have a major impact on the supply/deficit balance


US demand growth to push copper market into deficit



The surge in the copper price to near 18-month highs following Donald Trump's win in the US presidential election came as a surprise to an industry under pressure since 2011 over growing supply.

Bullishness about the impact of Trump's $500 billion infrastructure plans has cooled down considerably since then, but at $2.6430 per pound ($5,872 a tonne) in New York on Monday the bellwether metal is up by more than a third in value since hitting near-six year lows this time last year.

The Chilean Copper Commission upped its price estimates for this year and 2018 from its previous forecast in a report released on Monday, but the government forecaster for the world's top exporting country, still sees copper averaging below today's ruling price.

After contracting in 2016, US copper demand will grow 2.5% this year, offsetting slower growth in China

US demand growth to push copper market into deficit
Source: Cochilco

Cochilco said it projected average copper prices of $2.40 per pound in 2017, up from its prior estimate of $2.20, citing expectations that proposed increased fiscal spending in the US will boost demand for the metal widely used in construction and manufacturing. Prices should improve further to average $2.50 per pound in 2018. The copper price averaged $2.21 in 2016.

Cochilco's prediction for global refined copper demand growth in 2017 is adjusted upward from 1.9% to 2.6% to a total of 24.3 million tonnes of refined copper globally. After contracting by an estimated 1.9% last year, US demand will grow 2.5% this year, offsetting slower growth in China which is still to expected to consumer 3% or 356kt more copper in 2017 compared to last year.

At the same time the government forecaster expects supply growth to moderate to 2.9% or 583kt this year to 20.76m tonnes as Chile which produces nearly 30% of the world's copper increases output by 4.3% or 306kt and Peruvian output continues to grow.

Last year the organization estimated growth in supply was a significant 4.7% or more than 900kt, mainly on the back of a 42% surge in production from Peru and huge jumps in Mexico and Iran which offset declines in the DRC and Chile.

Cochilco revised downwards its 2016 market surplus to 60,000 tonnes compared with the 128,000 tonnes it forecast in September. The organization now sees a market deficit in 2017 compared to a forecast oversupply of 114,000 tonnes it predicted previously. The market will stay in a slight deficit in 2018 of 34,000 tonnes.

[mr roper] 24/1/2017 09:24

unless Beutong is resolved I fear it's going to continue to hang over the SP, 2LB.

TM is conspicuous by his absence...

[2lb] 24/1/2017 09:02

Just the one 50k sell....

Actuals are 2.7 v 2.77

Hate it when they put up a fake bid as it just makes the share look even more depressed than it really is.....

It will be March in five weeks so then things should get much more interesting.