Asiamet Resources Share Discussion Threads

[jackbal] 05/7/2017 22:09

Not saying it won't happen but isn't there a case of show me the money for the first lot?

It's probably my lack of understanding that leads my thinking this way but just seems illogical to me.

[jackbal] 05/7/2017 22:06

Hi TM and thanks.

So do you really think they will give a further production license before large investment has arrived?

[the manini] 05/7/2017 20:17

Jackbal we had no funding to build a single mine but we got a production licence for the whole of the ksk contract of work which has something like 38 prospective targets.

[jackbal] 05/7/2017 19:17

I would love to see that, have been expecting is "shortly" since last year.

I'm no expert on permits and licenses but I just can't believe that the govt will issue it until project finance for the first mine is in place.

I can see why asiamet and shareholders would like to see it sooner but why would the govt issue it before seeing the real investment floods in to demonstrate clear path to production.

Sincerely hope I'm wrong and will gladly read posts explaining how I'm missing the point!

[adorling] 05/7/2017 15:48

Looks like seller still off-loading 400,000 in 2 trades just showing. Would love to see Beutong RNS tomorrow!

[adorling] 05/7/2017 12:55

Good to see some nice buys all morning!

[jackbal] 05/7/2017 08:23

I see BMO capital markets put 15p price target on stock on Friday.

Adv apols if this is old news but only saw it this morning

[snickerdog] 05/7/2017 07:50

I heard that a few MTR holders were buying into the Resource Upgrade and smashed the price exiting to buy more MTR - why they would buy that and settle for second best is beyond me!

[mount teide] 04/7/2017 19:11

Its likely that during the last three months or so, one or more shareholders with large non disclosable positions, probably placed them with brokers/MM's to sell down - at a minimum price of circa 4.75p.

MM's have been using the stream of positive news since, to sell at prices well above the average 4.75p, knowing full well it would allow the volume selling to continue all the way down to circa 4p to 4.25p, and still keep the overall average sell price at 4.75p.

At which point the mm's have been relying on the price/chart to attract value investors and short term momentum traders, to gently push the share price north again, as they await the next positive news release to generate a further share-price spike, enabling a rinse and repeat of the cycle until the full position/s is/are disposed of.

On the chart, it's easy to spot the days when positive news has been released - the daily chart has a large spike, high volume and a close at or close to the opening price - and is usually followed by 5 or more 'managed' down days.

[2lb] 04/7/2017 16:53

Nice work scary.

Holding in the millions should prove a very healthy investment in years to come.

[amaretto] 04/7/2017 16:53

Nice one. I'm late to the party sadly, all above 4p. Hoping it'll stay down at these levels for a little while longer so I can assist with taking some off that seller.

[scarymonster] 04/7/2017 16:36

I'd love to know how many that seller has left.

[scarymonster] 04/7/2017 16:27

Not quite, @ 2.67m,
1m in the ISA @ 2.5 :)
and 1.67m in the Sipp @ average 4.8 :/

[cyberbub] 04/7/2017 16:23

I was looking at this in the 1p days but didn't buy, sigh... my average is 2.8p now...

[amaretto] 04/7/2017 16:22

Scary, that must take you over the 3 million point. Commitment!

[scarymonster] 04/7/2017 16:20

Well I'm in it to win it. Added 300k to my Sipp today.

Just wish I had been around in the 1p days with a bit of foresight.

[snickerdog] 04/7/2017 16:15

18 months ago this was 1p - Manini is one of the best mining finance guys on the planet (look up EMR Capital) Oxiana ground upwards over time (even then making huge profits) and then just went mad (there making investors many multiples).This is a very exciting time to be in this space

[the manini] 04/7/2017 15:18

If they wanted to raise money it would have been done on the back of the resource upgrade. They don't. Not for day to day running. We are fully funded through to BFS. Going forward after that Institutions or a partner will be funding us

[cyberbub] 04/7/2017 15:10

Personally I wouldn't care if they wanted to raise the odd million to see them through, that's the purpose of the capital markets after all, and at a £30M market cap the dilution is small. But if they do, can they just get on with it please!

[mount teide] 04/7/2017 14:58

Since the Feb high circa 365m(50% of total) shares have been traded, and the share-price is currently some 25% lower.

On the previous two occasions this year the share price traded above 5.3p, it took over a month to decline back to 4.25p. Since the high last week, it has taken just 4 days to fall back to circa 4.25p. Now nearly 25% down from last week's share price peak, post the stellar resource update RNS - laughably, the Management are at risk of having to issue a "we know of no reason for the recent share price decline' RNS!

IG's clients are 100% long.

As Harry Markopolis commented on equities "If the selling or buying seems to be totally illogical, its usually because those doing most of it know something the majority don't!"

[knobbly] 04/7/2017 13:35

cyberbub. Yes - correct.

BKM mining due to commence during 2019.

[knobbly] 04/7/2017 12:44

Ayesha,

"It feels like a placing."

Your feelings were proven badly wrong on COPL and then BNN.
Why do you think your skills are more sharpely honed when you discuss ARS?