Asiamet Resources Share Discussion Threads

[cyberbub] 31/10/2017 14:23

Dripping down on tiny volume...

[mr roper] 31/10/2017 06:54

Copper deficit widens

[okidokicoki] 30/10/2017 22:12

Any would be good Mr R . Good link also :-)

[okidokicoki] 30/10/2017 22:12

Any would be good Mr R . Good link also :-)

[knobbly] 30/10/2017 21:50

Beutong. Not long now. Tick tock.

[mr roper] 30/10/2017 20:18

Or an update on bkm metallurgy
Or an update on the kalang work
Or the Beutong license dropping
Or bks drilling starting
Or or or or...
I'll settle for bkz though :0)

[mattjwhity] 30/10/2017 19:51

Hands up for a BKZ drill update tomorrow.....

[goldguru2017] 30/10/2017 15:04

Kestrel Gold (TSX Venture Exchange symbol KGC.V)

- Capitalised at only GBP 2.5 million
- Drilling results on Val Jual property due in coming weeks
- Peak values of 12,400 ppb Au from recent soil sampling on Val Jual
- Originally staked by Jean Pautler, who’s considered to be one of the best geologists in Canada.
- She was honoured in 2010 by the Yukon Prospectors Association for her work in opening up the White Gold District
- CEO recent interview ““WeR17;re on our third hole, drilling an area that hasn’t been drilled before. I believe we’ll hit some pretty good numbers there which will drastically change the outlook for Kestrel Gold. Jean Pautler thinks we should hit good in there, and so do I.”

Please do your own research on the Company before investing. Thank you for your time.

[charles clore] 30/10/2017 15:01

We obviously haven't seen the last of the selling yet then. Took it below 7p again which I wasn't expecting. Get ready with the dry powder in case it drops a bit further.

[pyglet] 30/10/2017 14:54

just biding time until beutong hits the streets.

[highly geared] 30/10/2017 10:42

Tumbleweed today.....

[oilandgas1] 30/10/2017 08:31

Glencore
Copper production during the third quarter of the year at 946,500 tonnes was 11% lower than the comparable 2016 period.

The miner said this was due to smelter maintenance at its Australian Mount Isa mine in the period, reduced throughput at Mutanda in the Democratic Republic of the Congo, end of mine-life production declines at Alumbrera, Argentina, and the timing of lower copper grades at the Peruvian Antapaccay mine.

[cyberbub] 30/10/2017 08:25

The only time I ever use 'official' stops is on rare occasions when I am going away for a few days with no Internet access. I can't remember the last time that was - everywhere has Internet access these days.

[cyberbub] 30/10/2017 08:24

I never use 'official' stops. If I want to sell I sell. Someone somewhere knows exactly what stop level you have selected. If you always work on the basis that the market (especially AIM) is crooked then you can't go far wrong.

[ronconomics] 30/10/2017 08:13

I do feel vulnerable to spikes and have more than a sense of the market seeking liquidity (stealing). They advertise potential slippage at 60 pc!

Gearing on tierc1 is 4:1 up to around £4700. Above that threshold theres no reduction on your deposit for non guarenteed stops in ARS.

Interestingly there is a minimum initial stop distance of 1p. Guarenteed stops have a massive minimum. Getting taken out on a spike makes longer dated markets a waste of money in advance so I'm sticking with daily fixed bets and pay the interest separately although it's small.

I lost positions in pantheon resources oil shares similarly however with a temporary 50p drop.

I think I'll reduce my stops pending more daylight buy it will limit any further increases in position size. Perhaps some direct shares are in order after all.

Cheers

[scarymonster] 30/10/2017 02:19

Just wanted to add that you are of course right to protect your capital with that stop loss. It just seems a bit close but hopefully it won't be for long! :)

[scarymonster] 30/10/2017 02:14

Yes leverage is the main benefit as it enables you to bet on a position that you would maybe not be able to purchase outright. At the same time it carries that extra risk. Myself I would not feel comfortable with a stop loss just below 6p having seen spike downs elsewhere. I guess we are not so volatile as some other aim stocks so hopefully it will not be an issue but never say never. I am also slightly suspicious of sb companies as I presume they can see your stops. In the past I used to sb oil which is extremely volatile and I swear they dropped their price to take me out on more than one occasion.

[ronconomics] 30/10/2017 02:02

Just checked...invested £4500..profit £5500 (50% protected by stop losses at 5.5 to 5.9p). Every 1p increase in price = £5000 profit. So leverage is the main benefit.

[ronconomics] 30/10/2017 01:54

Thank you for the replies. No real advantage from sb it seems. I guess I could scale out a top slice banking my profits into my isa and build a small position at around 7p.

[scarymonster] 29/10/2017 19:58

Personally I'd not use sb's for investment/long term positions unless I was fully funded to avoid being stopped out. Also, I don't use stops on AIM as I had terrible experiences with them back in 2009 being stopped out of other positions only to see the price recover before I could re purchase. Very annoying. Is there any advantage to SB's if you are able to trade/invest inside an ISA anyway? I'm not talking about a little SB on the side, I'm talking about for your main positions if they are small enough to fit in an ISA. Mine are all inside my ISA & Sipp. The days of me paying capital gains tax are over as my past experiences with trading and paying CGT were painful and badly planned (with only myself to blame).

[the manini] 29/10/2017 11:15

With a spread bet you have no voting rights also if there was some offer that involved cash and shares of another company you wouldn't be eligible for those shares either with the SB position but obviously would have both of those angles covered if you hold shares in an ISA and /or SIPP.

[ronconomics] 29/10/2017 10:16

Actually. .IG offer a flexible ISA. During a tax year you can transfer funds out or across to a sb account and return them later without affecting the current year allowance.

I'm using this to fund a long term position in ARS on a DFB at about 5k exposure currently gradually reduced as my stop loss moves up. I haven't considered dividend entitlements hence my question. I was less thinking about tax and what might happen if the sb account grew rapidly if ARS was taken out at a big profit. I assume I don't own the underlying and do font get to vote but do I lose out on any other potential benefits? Should I reconsider this approach?

The biggest risk to my capital gas been when MM dropped the price aggressively to trigger my stop losses ahead if a big move up. I found myself having to buy back in higher up. Grr..ive experienced done thing similar with shares in my isa so it's not a differentiator.

If I make gains beyond the value of the initial cash transfer out of the Isa, I can top up the ISA using the annual 20k allowance. There will be timing considerations.

I didn't plan this as a strategy it just emerged, as accessible isa funds is a useful buffer for general rainy day savings.

I prefer to use my sipp for collective investment. Speculative positions get out of kilter on size, distort my slow and steady goals and confuse me on evaluation of performance.

[cyberbub] 29/10/2017 10:10

The Manini, yes looks like you're right. I'm sure it wasn't like that before - it seems on that link that the rules changed in 2016, perhaps I am just out of date!