Asiamet Resources Share Discussion Threads

[ileeman] 19/10/2017 10:11

Testing 52 week highs again, once 7p breaks for good double digits will not be far behind.

[mr roper] 19/10/2017 10:10

there ain't much stock around....

[ianbag] 19/10/2017 09:51

Now thats a tight spread said the bishop

[ileeman] 19/10/2017 09:45

Cant buy much on the way up, seems market makers are struggerling for stock.

[mr roper] 19/10/2017 09:41

8p tomorrow, Charles. This is just the start. Next 6 months will be transformational.

[charles clore] 19/10/2017 09:40

The supply of stale bull stock is running out. Pressure will be on market makers to increase the bid now imho

[x54v] 19/10/2017 09:35

Good to see some strength again this morning.

[ianbag] 19/10/2017 08:31

Looking perky this morning must be the cold air

[adorling] 19/10/2017 08:24

Lethal combination holding ARS and HZM!

[mr roper] 19/10/2017 08:11

think we did the hzm PR the other day, can we keep it to the hzm board please.

[x54v] 19/10/2017 08:07

Such a strong shareholder base here.

And very likely that it will be a sticky shareholder base too with the instis holding on for the long term, thus reducing the available free float significantly.

[ileeman] 19/10/2017 08:04

Can sell way over bid and they are not letting you buy much.

7p break today.

[curnic1] 19/10/2017 07:30

you've got the wrong tea leaves, mine says 50p in the near future.

[adorling] 19/10/2017 07:28

They say we are going to 17p very soon.......

[scarymonster] 19/10/2017 00:30

Forget the charts, what do the tea leaves say?

[charles clore] 19/10/2017 00:03

horneblower - you mention the charts. What I see in the chart is possibly a reason for the selling into strength we have seen over the past several months and I believe it has reached a point where it could soon reduce considerably. In the years 2011 to 2013 on the chart we can see a sideways price movement with quite a bit of buying in the 4-6p range. When the price fell away in 2013 it probably left some punters high and dry and thesy have not had the opportunity to break even until recently. The thing that suggests to me it is PIs doing the selling is no reduced holdings RNS which we should have had for an II considering the overall volume of sells. With the price now tipping the 7p mark most stale bulls who were going to sell probably have done so by now.

The other thing about the chart is of course the possible dish formation from 2013 to now. Even though it's a bit ragged I think it looks quite bullish.

[horneblower] 18/10/2017 22:51

I don't have a problem with ARS not being on SETS...yet. AIM stocks do not qualify for SETS at present but that does not necessarily hold good AIM companies back. SEAQ is a perfectly good system for relatively low-volume stocks and even big volumes can be coped with if there are enough market makers trading in the stock.


As I recently reported, my targets for ARS are for between 10.5p and 16p by year-end and for 50p some time in 2018 depending on the licences being granted, the BFS being satisfactorily completed and for the inevitable jv's and financing deals coming through.

Do not underestimate the problems and holdups that are bound to affect the project.
I am not too concerned by the quality and size of the resource or the quality of the management. Both are already excellent. What does concern me is the future of the copper price, which looks good at the moment but will, no doubt, have its ups and downs. Also the probable delays in getting ALL the necessary licences in place in the face of special interest groups who will obstruct where they can so as to leverage other demands from the government. Tony Manini is a good operator. I am sure he will get it done in the end...but there are ALWAYS delays.

The chart has been helpful in predicting targets in the past but as we go into new high territory things get trickier and we will have to see how things pan out before making further predictions.

Good luck all.

[scarymonster] 18/10/2017 20:08

hb thanks for the information. I did not know that.

[aim0raider] 18/10/2017 19:50

Snickerdog, KEFI moved to SETS this year after consolidating stock. Not a great comparison as they have some Landstead financing deal in place, who many suspect are playing about and 'trading around the edges'. Personally I'd like to see the move by ARS.

[snickerdog] 18/10/2017 19:43

Ah snap I spoke to him too, got the impression that very keen to look into but at the same time difficult territory as not a lot of other companies who have done this recently

[markeybee7] 18/10/2017 19:12

Sorry to answer that question snickerdog but I spoke in depth to Sasha at the o2 about this. It's being worked on as we speak and he hopes it won't be to much longer as this will bring a lot of investors onboard who won't touch SEAQ. It's a priority for the company.

[snickerdog] 18/10/2017 19:00

Horneblower - what thoughts on moving from SEAQ to SETTS?

[lw425] 18/10/2017 18:58

Mr Horneblower

What are your targets here?

Thank you