Asiamet Resources Share Discussion Threads

[scarymonster] 07/7/2017 09:55

Charles it's every stock and every trade by what ever means as I work for one of the exchanges. I don't have access to any privileged information but the restrictions are company wide. It's the same in all of the city banks also but a lot of people flout it. Not advisable if you work for an exchange though.

[charles clore] 07/7/2017 09:45

scary - may I ask why your employer has restrictions on your buying this stock please?

[scarymonster] 07/7/2017 09:38

Nice work snickerdog you seem to have triggered some buying. ? I'd buy another 50k if I could get approval from work. Took me weeks to get clearance for my last few trades. ? hopefully that will improve soon though.

[snickerdog] 07/7/2017 07:54

Going to give this a little tickle on the open to see what happens not much but I'll have a bit more I've in due course. Anyone want to join me?

[cyberbub] 06/7/2017 22:50

EVs can charge themselves from a roadway - but only if the roadway has an electric power source built into it! Clearly that's going to be very expensive if done for any substantial 'linear' length. Far more likely is solutions which will 'flash' recharge batteries while cars are stopped at traffic lights... which if widespread would still need an awful lot of copper :-)

[dumbo4] 06/7/2017 21:56

scary. I don't think that they can produce a solely electric vehicle which powers itself as it moves. That would be tantamount to the holy grail of the perpetual motion machine and contrary to the basic laws of physics. The hybrid in some form or other of course does input charge.
Certainly EV's use a lot more copper as you say. I think that general acceptance of pure EV's will be an increase in their range and freely available charging stations. If the latter are readily available, governments will start to tax the ICE out of existence.
It seems to me that over the next 2/3 years the lithium and cobalt companies will be the investments of choice in this area as well as copper.
GLA

[scarymonster] 06/7/2017 17:35

I've read quite a few articles that state ev's use more copper. Also the charging infrastructure that would be required for any large scale switch to ev's. Public transportation also. Electric trolleys, buses, trams and whatever use a hell of a lot. I think it's over 2000Ib each vehicle. Oh at least this is what I have read.

I'm not so convinced about the charging infrastructure argument though as won't they in time develop ev's that charge themselves while moving? Seems a bit silly to waste the energy of movement.

[freddie ferret] 06/7/2017 17:03

Not so sure there.

Starter motor and alternator vs electric motor. Cabling about the same.

[the manini] 06/7/2017 14:56

No problem mate

[jackbal] 06/7/2017 14:51

I stand entirely corrected. Mentioned in the RNS heading rather than the announcement itself. Feel silly for trying to go straight into the detail without reading the title.

Feel silly and look silly but thanks for that TM.

Guess that's what Bbs should be for.

[the manini] 06/7/2017 14:06

Jackbal look through the rns's and stop when you get to the one titled "Asiamet Raises GBP2 Million To Finish BKM Feasibility Study"And the sale of Jelai rns clearly states that the money will be used to 'explore and develop areas surrounding bkm and beutong'

[jackbal] 06/7/2017 13:46

Thanks again TM. I havent seen anything stating we were fully funded through to financing. Was it a podcast? Would be very grateful if you could direct me to it and I think it would strengthen the Bullish case enormously.

[the manini] 06/7/2017 13:29

Jackbal I posted my thoughts just the other day about this topic. TM has stated on several occasions that they are fully funded through to BFS completion. He can't really make it any clearer.Obviously after that if they decide to then build the mine that will need funding but that will be done at a much higher price than today and will be a mixture of debt/equity and/or in conjunction with a partner. If you want to wait till Q1 to invest that's your prerogative but you'll be paying a multiple of today's price to do so...

[charles clore] 06/7/2017 10:12

The kiss of Zak :-(

It doesn't even matter that copper is up!

[jackbal] 06/7/2017 09:53

Hi snickerdog, I'm Not worried I just think some more capital will be required before then and the market knows it.

I actually think the share price would benefit from the fact that the ? would be removed. I remember somebody running some calcs based on a billion shares in issue and thinking 1 billion Mcap would be £1 per share. That would work for me. 500 million Mcap with 2 billion in issue 25p per share works got me too!!!

If Zak is correct (we all know that's very often not the case though) then maybe they will just try and get one away closer to new highs.

Anyway I'm obvs over analysing the recent price action as it won't matter too much post bankable study but the assets to value gap just puzzles me.

Good luck all let's just see what the next RNS brings

[mr roper] 06/7/2017 09:13

Zak thinks 7p

[...]

[snickerdog] 06/7/2017 08:35

When these get into production some of us are going to be seriously wealthy. It will be an institutional stock soon and I'm certain that they will make their moves. Jackbal, I wouldn't fear on the funding part as previous history goes demand and confidence from investors has always been so high that the terms have been excellent for shareholders. I hear that conversations with some serious players are happening.

[jackbal] 06/7/2017 08:13

adorling enjoy your early retirement. 21p will pay off my mortgage in my thirties.

[jackbal] 06/7/2017 08:08

I certainly prefer your theory to mine TM.

Also what are your thoughts re a small placing?

I would actually welcome one asap due to fact it would be at a healthy premium to the last 2 and share price actually reacted very positively very quickly after the last one (much to my surprise at the time) and I feel it removed an obstacle and some risk. I personally think that is why we have a large seller out there as they expect one and would also explain the ridiculous expectation gap between the assets and the Mcap. I had a small number of BZM shares and I was perplexed that the market cap matched the Ars Mcap a few weeks back.

I can't see the funds from the sale of Jelai and the last 2 million raised seeing us all the way through to year end and Project finance as he said in the podcast he wanted to Prove up the asset more to the south and the west to give him a stronger negotiating hand for large scale finance (makes perfect sense imo.)He also said he had increased efforts on the Beutong license so I presume the costs have increased too.

Many respected posters here have previously shared their view suggesting no placing is due, some have accounts with VSA and the feedback from them was that one wasn't due but brokers should not know these things until the day of the activity.

The "no placing posters" have been correct so far but if avoiding one before year end is impossible doing one now which takes us all the way through would remove another obstacle and risk again. Some may say don't do one now, wait until price rises for less dilution but if last RNS didnt break and hold above 5p what is going to bring higher prices about??

Overall I'm very happy with my holding and would certainly add again at sub 4 or will add again when we see a new high and then retracement. I just find it puzzling that we didn't see 6-8p already this year and there has to be a reason given the rapidly strengthening fundamentals. What else could it be other than cash burn?

Yes the market undervalues and overvalues but this stock just feels sat on and has done consistently for a few months now.

Very very happy to be here but can't wait for the party to begin!!

[mr roper] 06/7/2017 07:50

Nice post,adorling

[the manini] 06/7/2017 04:14

I think it's just delayed because of the complexity. TM said on a podcast some time back that the application itself as a pile of paper would go from floor to ceiling and this pile of paperwork has to pass through many government departments where any could request further evidence or more supporting information. Given the speed that ANY government department in ANY country works it's no wonder it's taken a long time

[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.