Asiamet Resources Share Discussion Threads

[adorling] 25/8/2017 08:06

Just bought another 325,000 at the open for 4.89p - everything about copper and zinc looking so strong and ARS woefully undervalued for one of the very very few new discoveries copper miners about to produce in the next 18-24 months. Copper already over $3 now.

[mrpiggy] 25/8/2017 08:00

Cheers matty, great read!The summary says it all.... Declining grades in existing mines combined with virtually no new discoveries to plug the gap.IF this is combined with a Chinese upsurge in copper demand combined with a large demand from the electric automotive industry ( I believe the latter will be gradual and may take a decade to take off) and if and this is the BIG IF we can get the red stuff out of the ground at BKM soon enough ( 2019 PLEASE) then we can finance Beutong (if the ever give us the fxxking licence) = share price beyond most investors comprehension! ;@)

[scarymonster] 24/8/2017 21:21

Apparently the 2m required for conversion is in CAD so approx. £1.25m

[charles clore] 24/8/2017 20:35

The latest pennant on the copper chart looks like it will be a short one with $3.1 to come soon. I am really quite surprised to see ARS below 5p again.

[cyberbub] 24/8/2017 20:33

Let us know Mr R.

[mr roper] 24/8/2017 19:51

Will have to.

[scarymonster] 24/8/2017 19:48

Email Tony and ask?

[mr roper] 24/8/2017 19:34

Any ideas on why they raised 1.7m to do more exploration on beutong but didn't mention the 2m that will be needed to convert the 40 to 80% on award of prod license. I hope they are not drilling until after that license has dropped. But saying that they would still need the 2m. Not sure all stacks up with beutong.

[freddie ferret] 24/8/2017 19:29

Clearly the market is waiting on news.

[maverick247] 24/8/2017 19:26

Personally with £6m + in bank i dont ever see another placing as i feel next cash will be strategic funding debt/equity for bkm and pi's wont be involved

[freddie ferret] 24/8/2017 19:23

I agree copper is strong.

The question is the size and frequency of future placings and the dilution therefrom.

[highly geared] 24/8/2017 19:22

Copper probably needs to form a pennant for c. 3 months around $3 as it's rise looks a bit steep on the yearly chart. A move early 2018 toward $3.50 will be well timed with BKM DFS and financing.
Ars looks like it has strong support around 4.25; 5.7'proving strong resistance.
Beutong production license will be nice "infill" news whilst we await the BFS.

[maverick247] 24/8/2017 19:20

Jpm weren't in then at 4.3 then were they, dont see any fall below 4.5 personally £30m mcap for ARS or £60m for AMC with one asset less advancedIts crazy continue to add sub 5p personally

[freddie ferret] 24/8/2017 18:48

The last time this spiked up high (not intraday) it broke back down low to below 3.75p. Not sure if that will happen this time?

[mr roper] 24/8/2017 17:09

Copper flying and we are down. Normal services has resumed

[mattjwhity] 24/8/2017 17:08

Smashed $3...

[barneycosmo] 24/8/2017 15:21

Ditto topped up again today at 4.85p

[maverick247] 24/8/2017 14:47

Have added two lots sub 5p in last two days

[jackbal] 24/8/2017 12:57

Hope so Mr Piggy but there are plenty of other sellers looking at recent price action.

Until we see new highs I think its difficult to know.

[mrpiggy] 24/8/2017 11:09

Dare I say it....... Seller gone?

[mattjwhity] 24/8/2017 10:20

If you haven't signed up to Sprott, it's worth it and free.Good article on Zinc and Copper.Copper $3 on the ask again.Ben Turney has joined the ARS ranks too I hear.

[mount teide] 24/8/2017 10:19

Exactly - Markopolis said to be legit, Madoff's funds should be generating more than 10% of the daily trading volume on the New York Stock Exchange.

So, he marched onto the main trading floor of the Exchange and asked the largest MM's how much business they were doing for Madoff.

Harry got the same answer from them all - "have never handled a trade for Madoff and don't know anyone who has!"

This and so much more on numerous occasions was passed onto the SEC, and they after 6 months of 'investigation', closed the Madoff file without action.

Beggars belief - their action aided and abetted a $7bn Ponzi scheme to grow into $50bn+.

Incredibly, Harry discovered that the largest offshore Madoff feeder fund which had over $3bn invested, had a one man accounting firm, based in a flat above a fish and chip shop in Clapham High Street!

As Harry drily observed - "even the Keystone Cops could've worked out something here did't add up"

The thousands of individuals that had all their life savings invested with Madoff for not spectacular but supposedly reasonable, reliable returns and got wiped out was appalling.

[jackbal] 24/8/2017 09:46

As the chairman of Nasdaq he was supposedly enormously respectable until he wasn't anymore. Does no harm being cynical where investing is concerned imo

[jackbal] 24/8/2017 09:43

MT - having read wizard of lies I found it staggering that the SEC didn't simply check with a single counterparty that the trades existed!

Markopolus spelled it out for them and they just didn't check a single trade properly. Makes you wonder doesn't it?