Asiamet Resources Share Discussion Threads

[deanmatlazin] 28/6/2017 12:43

Don't know why people think everytime when a copper mill need to be developed...we have to raise money via issuing more shares. The grades under the ground is more than convincing for any banks to lend the money!!

[2lb] 28/6/2017 12:39

Listen to the Podcast - TM is explaining exactly how it will be built.....

[snickerdog] 28/6/2017 12:38

Interview

hxxps://audioboom.com/posts/6058144-813-asiamet-resources-ars-ascent-resources-ast-arian-silver-agq?t=0

[bsg] 28/6/2017 12:38

But ... how are they going to finance it? Debt, huge mill stone around the share price Equity huge dilution. None of it is priced in yet.

[deanmatlazin] 28/6/2017 12:26

The copper in the ground is almost 4 times greater than GWMO. It will re-rate. More drilling news to come and I believe this can be one of the largest copper mining in the world!!

[2lb] 28/6/2017 12:20

Just filter it snickeredog - it will go away at some point.

[barneycosmo] 28/6/2017 12:03

Just bought another 45,000 at 5.17p

[snickerdog] 28/6/2017 12:02

Extremely pleasing RNS I'll bet that they were very happy with themselves. Conversion to M&I will add a lot more value to the copper in the ground as well as the move to proper resources rather than inferred will make the whole story a lot more attractive to the institutional side

[snickerdog] 28/6/2017 12:00

how do we block Ayesha?

[jackbal] 28/6/2017 11:53

have read RNS thoroughly a few times now and as long as we don't see a strike placing this surely can't be held down today. It's just too meaningful an RNS.

I think we close near the high of the day today as word will still be spreading on this.

[ayesha4] 28/6/2017 11:48

DorsetDone through spread bets Dorset. This is what annoyed me in the first place - should be double digits already. Slightest bit of news and its sold into.

[mrpiggy] 28/6/2017 11:46

Ayesha.... it's gone over 5p.... bye!

[dorset64] 28/6/2017 11:42

ayesha428 Jun '17 - 11:32 - 6900 of 6901 0 0
2LB

Its become traders share. I bought at 4.4 p and sold 500k of them at prices between 5.08 and 5.35......
==========================================

LOL!!!! Of course you did Ayesha

[mrpiggy] 28/6/2017 11:35

Don't worry about the share price boys and girls, that will soon take care of itself when news of this filters through!!It's the news we need to focus on and the news is fantastic. The big boys will be buying into this soon and the current share price will be a distant memory ;@)

[ayesha4] 28/6/2017 11:32

2LBIts become traders share. I bought at 4.4 p and sold 500k of them at prices between 5.08 and 5.35.Its disapointing but I am sure it will come good in time. Just feel theres a placing coming. If it shoots back over 5p I will sell the other 400k.

[cyberbub] 28/6/2017 11:30

Remember it's AIM - it would not surprise me at all to see the share price go red today!People just have to be patient while the MMs, spivs, shorters and profit-takers do their thing.The news today is excellent and will be reflected in the share price sooner rather than later now, IMO...NAI

[2lb] 28/6/2017 11:25

SP up 5% - don't know whether to laugh or cry......

[highly geared] 28/6/2017 11:16

Will be interesting to see updated NPV figures...
With c. 1 billion lbs of copper at current prices , its a c. $2.5 billion gross revenue asset. Deduct mining opex and Capex for mine development and we still have c. $1 billion LOM profit.This doesn't even consider the other areas outside the BKM pit. And, this is a minnow compared to Beutong...!

[mr roper] 28/6/2017 11:12

10.2015
Measured - 0m tonnes
Indicated - 15m tonnes
Inferred - 49.7m tonnes

6.2017
Measured - 20.5m at 0.7%Cu
Indicated - 28.7m tonnes at 0.6% Cu
Inferred - 17.7m tonnes at 0.6% Cu

staggering. Going to be a lot of happy EV's!

[mrpiggy] 28/6/2017 11:01

Hopefully the updated resource news will clear out the remaining sellers and then it's onwards and upwards!!

[mr roper] 28/6/2017 11:01

can't understand why we're only up 15%...bonkers

[adorling] 28/6/2017 11:00

Asiamet Resources CEO Peter Bird commented: The outcomes from the Resource evaluation work completed on the BKM deposit over the past year have been outstanding. Copper grades and tonnages have proven to be very robust with a 207% increase in the higher confidence level Measured and Indicated Resources and approximately 30,000 tonnes of copper added to the overall copper inventory. Most importantly 75% of the contained copper is now in high confidence Resources and 73% sits inside the PEA pit design. As such the conversion to Mineral Reserves is anticipated to be strong when mining and metallurgical studies are completed in coming months. We are very pleased with the outcome of Resource work and expect it will provide a solid base to build upon an already very robust Preliminary Economic Assessment.

[parthus] 28/6/2017 11:00

Much hilarity at reading your pie in the sky request !
Can't get much Bolly for £200 .. unless you know of a lorry that is shortly to be upturned....

[cyberbub] 28/6/2017 10:59

Very nice! That's a lot of copper!Over 700m lb measures and indicated, at (we were told) a low extraction and processing cost of $1.25 was it? So if copper reaches the $3.25 level, which seems likely, then that's $1.5BN in profits.Plus all the remaining copper at lower levels of confidence. And BKS, BKM etc etc.I am starting to wonder whether Horneblower's 100p target in 2 years' time is in fact feasible at a stretch?? Certainly if copper went to $4+, and the M&I resources doubled again say... then perhaps it is feasible...?NAI