Asiamet Resources Share Discussion Threads

[barneycosmo] 11/10/2017 10:36

I'm holding onto my shares for the medium term. Too much good news to come.

[jrmarcus01] 11/10/2017 10:32

Maybe a few margin calls on UKOG causing wider sells around other AIM companies this morning. Hopefully will wash through soon and ARS will have the lift its amazing RNS deserves!! This puppy is going to be mega at some point, imo!

[cpap man] 11/10/2017 10:30

Asiamet Resources (ARS LN) 5.65p, Mkt Cap £48m – Drilling intersections from BKZ

Asiamet Resources reports additional results from its scout drilling programme at the BKZ property located approximately 800m north of its BKM copper project where feasibility study work is well advanced.
The results include a 30m wide intersection averaging 12.0% zinc, 2.2% lead, 46g/t silver and 0.37g/t gold from a depth of 43m in hole BKZ33650-01.
This results from this hole follow the earlier announcement of a 39m wide intersection averaging 7.3% zinc, 2.3% lead, 33g/t silver and 0.33g/t gold from 41m in hole BKZ33700-02 which was located on a section line 50m to the north.
The scout drilling, which so far comprises 705m of drilling in seven boreholes, is following up quartz sulphide mineralisation which outcrops approximately 50m east of the drilling. The mineralisation is described as “quartz-sulphide veins to massive sphalerite (zinc), galena (lead), chalcopyrite (copper) and pyrite”.
Commenting on the results from the scout drilling Asiamet’s CEO, Peter Bird, said that the company “views the recent results from drilling at BKZ, the first pipeline target to be tested in the current programme, as a clear illustration of the substantial upside remaining on the very underexplored KSK COW.”
Mr Bird when on to point out that “Work undertaken by the Company and its predecessor partners to date suggests that the greater BK area represents a polymetallic mineral district covering approximately 10-15 square kilometres, the potential of which is only beginning to see daylight.”

Conclusion: As Asiamet advances the feasibility work on the BKM copper project it is now turning its attention to the wider opportunities within the area. Early stage scout drilling of the first of these new target areas at BKZ has yielded wide intersections of high grade polymetallic mineralisation which will no doubt be followed up with enthusiasm, however, in our view the delivery of the BKM Feasibility Study remains the priority. We look forward to further news on both the exploration and feasibility work.

SP Angel's MN's

[yorkie14] 11/10/2017 10:29

Are we due anymore drill results from BKZ over the coming weeks?

[maverick247] 11/10/2017 10:29

Easy bagger from here even for new entrants. Im here from low 2's and just holding lt now for the next few years when we see an mcap way over £250m

[mount teide] 11/10/2017 10:25

'Work undertaken by the Company and its predecessor partners to date suggests that the greater BK area represents a polymetallic mineral district covering approximately 10-15 square kilometres, the potential of which is only beginning to see daylight.'


Well, 10-15 sq km is roughly an area 2.2 miles by 2.2 miles!


The hidden potential of the wider BK area that is now seeing the light of day is proving to be just as remarkable as BKM, and collectively could well go on to give the Beutong project a run for its money.

[mr roper] 11/10/2017 10:02

ARS tweeting some of the assays.. staggering. one interval from 44-45m assayed 33.3% Zinc! Steve is going to be having a benny!

Charles, only you can make the decision. Do what's best for yourself. Good luck (PS, hope there is a bid of 45p! ;0))

[mr roper] 11/10/2017 09:58

is there a podcast with Mr Zinc today?

[charles clore] 11/10/2017 09:58

If someone sat me down and said 'look, this is how it's going to be. It's set in stone and won't change' and then they showed me a time line to £2 a share in 5 years I would be more than willing to pass up an early profit. But at my time of life and nowhere to live when I am kicked out of my grace and favour home I would be a fool to refuse 25p a share tomorrow. A bird in the hand, so to speak...

[mount teide] 11/10/2017 09:55

As predictable as night following day as soon as the buying slows along comes our seller/s with a cumulative 1.0m machine gun hit to the bid.

Makes no sense if you want the best price for your shares - why not feed the sells in with the buys at a slightly lower volume, to keep the upward momentum going?

[mount teide] 11/10/2017 09:38

Indeed Charles - those with the scars of a few business cycle recessions on their backs will know very well there's many a slip 'twixt the cup and the lip!

Even when a very good outcome or conclusion seems certain, things can still go less than smoothly.

[amaretto] 11/10/2017 09:38

Stocks like this don't come along very often, a company that is as certain as you can reasonably be to be a success; massive resource, great management team and commodity that is set to go through the roof.

My biggest fear is that we're taken out before we can get true value, which will take at least five years. By then I expect to be taken out for numbers in the billions. Forget 25-50p, I'd rather wait for £2.50-£5.00.

After all what else are you going to put your money into thats half as good as ARS?

[mr roper] 11/10/2017 09:36

can't see TM taking 25p, Charles. He has plans to put this in to the multiples. if Copper hits 4 or 5 bucks/lb this could easily be nearer 200p

[mr roper] 11/10/2017 09:35

would've been a better idea to top up yesterday, walter...

[charles clore] 11/10/2017 09:31

25p a share would be about right. I would probably take that amount now without blinking. After all a profit is a profit and I would rather have the money now while I still can rather than wait years for a fortune when I will be too old to enjoy it!

[walter walcarpets] 11/10/2017 09:23

gonna wait for some red before I top up :-)

[mr roper] 11/10/2017 09:14

Finders is an interesting comparison although they are a couple of years ahead of ARS on the curve.

They're producing 25000tonnes pa, have a cash cost slightly better than ARS at $1.05/lb but the mine life is only 7 years versus BKM at 9 and likely to grow to 11-15.

Either way, copper and zinc are entering the sweet spot and we will be attracting interest from many a suitor.

[billyrayvalentine] 11/10/2017 09:00

...interesting, to say the least ;-)

[mr roper] 11/10/2017 08:59

cpap, re: takeover. I recollect that Mr Manini mentioned about 12mths ago he'd have looked for about 30-35p but that was then...I suspect it'd be nearer 50p+ now to tempt him and the BoD.

[mount teide] 11/10/2017 08:55

ARS - Twitter - 'Our neighbours Finders Resources tell shareholders 'take no action' over $178m takeover bid. Similar operation.'

[x54v] 11/10/2017 08:45

"extremely excited" - sounds good.

[x54v] 11/10/2017 08:44

"#ARS BKZ Drill core sample showing Quartz Polymetallic Vein at 10% Zinc. We are extremely excited at potential of new BKZ polymetallic zone"

[x54v] 11/10/2017 08:44

"Asiamet Resources Ltd (LON:ARS) is increasingly confident it has found a new stand along polymetallic deposit at its BKZ prospect in Kalimantan, Indonesia.

Assays from the first of a six hole shallow drilling programme were ‘exceptional’ said Peter Bird, chief executive, and consistent with a much larger deposit."

[cpap man] 11/10/2017 08:41

The house broker is extremely bullish on ARS with a share price target of 10p to 15p by the end of 2017

After that they see the share price continuing to rise perhaps to 100p+

But who really knows - obviously a TAKE OVER could get in the way of any longer term price projections!

But what price a TAKE OVER of ARS?!?!?

25p? 50p?

[charles clore] 11/10/2017 08:38

Another successful drill. The zinc results are quite exciting.