Asiamet Resources Share Discussion Threads

[ianbag] 28/7/2017 19:37

it was coming shortly at investor presentation at end of March!! fingers crossed again then !!

[okidokicoki] 28/7/2017 18:59

About time this re rated

[aim0raider] 28/7/2017 16:59

Is that you out then Ayesha?

[mr roper] 28/7/2017 16:38

Must be related to that article above. Indonesia certainly making the right noises

[okidokicoki] 28/7/2017 16:27

JAKARTA. The government through the Ministry of Energy and Mineral Resources (ESDM) encourages mining companies to raise funds through the stock exchange by conducting an initial public offering (IPO) to increase their exploration activities. Head of Communications, Public Information Services and Cooperation Bureau of the Ministry of Energy and Mineral Resources, Sujatmiko acknowledged that mining exploration activities in Indonesia have not been significant in recent years.

According to Sujatmiko, one of the causes is the funding issue. "Therefore we are encouraging companies to IPO in the stock, including junior mining company also entered, to explore the discovery of new reserves, that can be for fund rising," he said at the Ministry of Energy and Mineral Resources office on Tuesday (25/7).

Sujatmiko added that the government is also reviewing the possibility of funding from banks and non-conventional financing institutions. Pension funds will also be considered for the financing of the exploration. "The incentive model can be with the government that explores for unreachable areas," he said.

In addition, he continued, the government continues to provide ease in investing, including exploration, through simplification of licensing. Shorter administrative processes are expected to stimulate companies to increase investment to find new reserves.

Chairman of the Indonesian Mining Experts Association (Perhapi) Tino Ardhyanto said, now there is already the Geological Agency of the Ministry of Energy and Mineral Resources, one of its functions is to collect data on coal and mineral reserves. However, Tino assess the agency will be overwhelmed if you have to participate in exploration throughout Indonesia. "Indonesia is too broad and its minerals are a lot, it needs cooperation, one of them with the exploration company," he said on Tuesday (25/7).

[2lb] 28/7/2017 16:19

Shortly ? Amazing news

[mr roper] 28/7/2017 16:14

License coming shortly according to a post on lse.

[charles clore] 28/7/2017 15:41

Aye well good luck to you

[ayesha4] 28/7/2017 15:23

Snickerdog will be happyI sold over a million of these today in tranches of 50k and 100k. MMs were v happy to take them. That bodes well for u guys.

[mrpiggy] 28/7/2017 14:58

On a positive note copper has switched from red to green today...... must be the verdigris!!Have a great weekend all! ;@)

[mattjwhity] 28/7/2017 14:43

I can understand the selling. They waited for licence and it hasn't come. They have no idea when it will land, but they know in the build up to Q1 this will kick off again so their funds are going elsewhere. They will be back.Keep the faith. It's a long road this one, but it will be worth it. Too many experts can't be wrong about copper and its future.

[mattjwhity] 28/7/2017 14:40

Nice reminder of how tight Zinc supply is. #bkz

[2lb] 28/7/2017 11:56

Excellent summary

[buildit1] 28/7/2017 11:51

For me its all about execution of the project and how we get there. We have lots of resource but to develop the project we need funding and then ability to actually carry out the project to time and budget. The market is putting a big discount on 1. Ability and method to fund.2. Execution risk v budget.3. Also some political risk discount.The BFS will help to close this gap and reduce the discount.But until we know project definitely going ahead and we have funding secured with as little dilution as possible all we have is potential. I am heavily invested because I believe mgt can deal with all 3 points above successfully and add alot of value.The BFS and the funding will sort points 1 and 2.The Beutong licence will help with point 3.In 12 months time I believe that1. BKM development will be sanctioned and funding in place (without significant dilution).2. Beutong licence granted3. Additional resource will begin to be determined and follow on projects adding more value firstly by adding resource and then in time reserves.I like Steves point about telling investors to be patient in his interview recently. They seem very confident in what they have and ability to develop BKM and beyond.

[dorset64] 28/7/2017 11:47

Buy on dips, smile on highs. Simples Mrpiggy :)

[2lb] 28/7/2017 11:37

There never has been......Its the Asimaet way.

Just a long steady upward climb with very irritating dips.

[mr roper] 28/7/2017 10:50

Seems the seller is back..what a surprise

[mrpiggy] 28/7/2017 10:50

I guess that answers the question about our seller/sellers sadly!! :@(

[adorling] 27/7/2017 18:33

That chart has to break soon and there is only one direction it is going take! Safety belts on please.

[mr roper] 27/7/2017 16:37

lol, don't want to think about it, Charles. Probably about a year.

[mr roper] 27/7/2017 10:42

All the while the copper price is making BKM look more and more attractive.
From the PEA:

Copper Price - Payback
$2.87/lb = 3.25 years
$3.00/lb = 2.8 years.
$3.25/lb = 2.4 years.
$3.50/lb = 2.1 years

Hopefully the feasibility study will give us an extension of the mine life, lower strip ratio, increasing the mineral resource via bks, bkw and increased metallurgical recovery.

[justsomeguy] 27/7/2017 10:31

Copper heading for another 1% rise again

[maverick247] 27/7/2017 09:55

Copper grades are declining too, bkm and bkw got superb comparable grades some serious rerate coming to ars