Asiamet Resources Share Discussion Threads

[mrpiggy] 27/11/2017 11:49

Looks like someone bedding another ISA again (just like Friday morning) but showing up as two sales, it would be a very random amount for two individual sales!

[yorkie14] 27/11/2017 11:46

I have a feeling an RNS is about to drop!

[highly geared] 27/11/2017 09:10

From a chart perspective, we’ve gone up rapidly from 7p so consolidation at this level is fine, healthy and necessary. There will always be sellers and hopefully buyers; it’s what makes a market.

Copper also off a bit from Friday...

[bobby1904] 27/11/2017 08:36

There's a very determined seller the last few days who could not be picking a more stupid time to sell - a matter of just a few days with expected news and they will get a much higher price imo...

[adorling] 27/11/2017 07:12

Good week ahead for ARS and before anyone asks we are many thousands of km away from Bali (volcano)where a 12 mile exclusion zone has been put in place. KSK and Beutong all good.

[ronconomics] 26/11/2017 23:05

Thanks HB .

[horneblower] 26/11/2017 22:20

ronconomics

I have level 2 and watch it in times of fast movement or when Iam about to trade. However I would not say it is vital for trading.

For me, the most useful tool is the graphical interpretation of the level 2 data that I get with ShareScopePro.

You can set up the intra-day chart to show where the important trades are happening within and around the bid/ask spread. Large trades are shown by big dots and smaller trades by smaller dots.

You only get this kind of thing from expensive services. ShareScopePro costs £100 per month so it is only worth it if you're trading large.

ShareScope have lesser services which are cheaper which might be of use and there are other services which do clever things.

I believe you can get a free Level 2 trial from advfn.

Hope this helps.

[charles clore] 26/11/2017 21:32

As we know Steve has talked about a deep drill rig and these are not cheap to hire by any means. The cost of deep drilling is not in the same price range per metre as shallow drilling either. Additionally, the cost of assaying will increase. In other words for Steve to be wheeling in bigfoot early next year it would seem he is putting (our) money where his mouth is and is virtually certain that high grades will continue to much deeper levels. Interesting times indeed.

[ronconomics] 26/11/2017 21:16

While we wait for Monday's developments (Bali?) wonder ..does anyone here use L1 or L2 data to good effect in their process? What is it good for ? Has it been valuable ? I'm wondering if it's an aid to trading on a sudden spike ?

[mattjwhity] 26/11/2017 20:48

Hzm or Tlou perhaps OB. Tlou could really explode if they get enough contracts

[mrpiggy] 26/11/2017 20:27

In agreement with the last paragraph buba but certainly not around 30p mark..... well north of 50p minimum!

[cyberbub] 26/11/2017 20:07

I can only see ARS going above 100p if we move through to full production (which is likely to be longer than "12-24 months"), have raised the major equity at 20p or above, and copper is above say $4... luckily all of those are entirely possible :-)I think it more likely we will be taken out at 30p+ in 6 months' time. A buyer won't wait any longer, otherwise they would miss out on all the upside?

[mr roper] 26/11/2017 19:37

18-24mths I expect a 1 in front of today's price.

[once bitten1] 26/11/2017 18:30

Indeed.. I guess we'll see in 18-24 months.. Been two years, what's another two.. O B1

[mrpiggy] 26/11/2017 18:08

Clearly no takers for equivalent company ob1 (kenobi)..... we're simply the best! :@)

[once bitten1] 26/11/2017 14:36

18-24 months ..

[once bitten1] 26/11/2017 14:35

Anyone know of an equivalent company, should even the most modest of our expectations of ARS transpire? Ie. Medium term share price 18-24 hence.

[mr roper] 26/11/2017 11:48

Ain't no getting away from it...beutong is a beast. The next 6mths will be transformational.

[highly geared] 26/11/2017 10:39

From the 2014 CPR Report on Beutong ( note , the production licence approval has been c 3 years in the making:

1.5 Further evaluation and exploration
The Beutong mineralisation is interpreted to extend to the east, west and below the limits of the 2014 Resource Model volume. Expansion of the resource is expected with holes targeted in these areas. Drilling within and in proximity to the current Indicated Resources will increase the volume of the resources available to be considered for Measured and Indicated Classification in future resource estimates (at the expense of the current Indicated and Inferred Resources). Close proximity drilling or twining of holes within the current Measured Resources will be required to obtain data for robust change of support analysis which can be utilised for more robust design of grade interpolation parameters and for the evaluation of suitable mining parameters and protocols for defining and delineating and extracting ore material. H&A recommends that workers:
 Expand the current global resource by:
o Drilling holes to text for lateral extension of mineralisation (E-W) to depths of up to
500m below surface.
o Drill holed to test for vertical extension of the mineralisation (>1000m for the
Porphyry mineralisation and >500m for Skarn mineralisation).
 To convert the current Indicated Resources to Measured Resources by increasing the drilling
density within the Indicated Resource volume by an estimated 50% in the East Beutong
Porphyry and 100% in the Skarn mineralisation.
 Convert Inferred Resources adjacent to the current Indicated Resources by extending the
Indicted-to-Measured upgrade holes at the East Beutong Porphyry and by drilling additional
holes within the Skarn mineralisation.
 Drill close spaced or twin holes for change of support and associated analyses in the current
Measured and Indicated Resources.
Further evaluation and interpretation work is required on the surface targets outside of the BIC area firm up drill targets. H&A considers the following work would assist in targeting holes to test the areas:
 Priority 1 areas, adjacent to the current resources: assessment of geology to determine the extent of the step-out incremental resource expansion drilling outlined above.
 Priority 2 areas, proximal to the current resources: field mapping and sampling to determine credentials of the areas and to target scout drill holes to test for mineralisation.
 Priority 3 area, distal to the current resources: field mapping and sampling to determine credentials of the areas and to target scout drill holes to test for mineralisation.

1.6 Recommendations
The following activities directed at improving the confidence in the input data utilised in generating future estimates of the copper resources at Beutong are recommended by H&A:
 Update AccessTM database with edits undertaken in validating the 2014 Resource Dataset.
 Drillhole locations and TIN domains are corrected with the new collar and topographic data
from the GeoIndo Survey Services survey and the model re-run prior to undertaking any
definitive engineering studies.
 Adjusted downhole survey data to be entered into TCS AccessTM database.
 Correct the 633 assay values within the TCS AccessTM database to reflect PT Intertek Utama
Services report results.
 Update TCS AccessTM database with geology logs for entire FPT holes BC005-02A and BC025-
03A and TCS holes BEU0600-03 and BEU0700-06 and part holes for further 73 holes.
 Enter clay logging into TCS AccessTM database and complete the clay logging by including
holes BC011-01A and BC025-03 from the FPT drilling.
 Complete compilation of the recovery logging data within the TCS AccessTM database.
 Locate and evaluate the missing FPT laboratory QC assay data.
 Update the TCS AccessTM database with laboratory QC assay results.
 Acquire and assess sizing data for batches showing poor repeatability in the duplicate pairs
QC dataset.
 Investigate the precision issues noted in the FPT field standards assay data.
 Undertake a programme of Referee Laboratory Assays (select samples for check assays with
the aid of information in included tables that highlight batches of concern regarding current
assay reliability).
 Investigate effect of preferential loss during drilling, handling and sampling of core and
qualify risk associated with using the suspected low biased FPT data, particularly at near economic cut-off grades.
Some of these recommendations will require new drill core and would be included in a programme designed to increase both the size and confidence of future resources at the Beutong.
The following two phases of work are recommended.
Phase 1: to ensure the granting of IUP Production License. This will extend the tenure over the Beutong Project area for up to 40 years. H&A recommends proactive engagement with the Republic Indonesia Government and diligence in ensuring the security of tenure during the approval process. The indicative budget for this work is estimated at US$104,000.
Phase 2: this work programme is conditional on the successful completion of and favorable outcome anticipated from the phase 1 programme. H&A recommends that the advancement of the project be initiated by the extension drilling of the higher grade Skarn Mineralisation. The indicative budget for this work is estimated at US$778,700.

As I read it, when the production IUP is granted , there’s c 6-9 months work in the above which will significantly increase confidence and move a lot of the inferred into indicated status and some indicated to measured. I also expect the overall resource to increase. If you read the above, this very much ties in with Steve Hughes comments about getting a BIG drill rig to site to drill some deep 1000m + holes in January.
Assuming the licence is granted imminently, we’ll see a similar news flow style on Beutong through H1 2018 with regular drilling and data updates that will culminate in a PEA Q3-4 2018 that will likely blow us all away and is likely to provide an NPV north of $1billion. All the while; BKM is moving forward with an underpin of 2-3x the current market cap once the Bfs and finance are in place.

For those that can think and have the patience for 36-60 months, this will be a once in a lifetime share to be in......

[highly geared] 25/11/2017 22:36

Back to ARS, keep reading the latest presentation in terms of what might be achieved by more drilling at Baroi and indeed, further drilling at Beutong , where the sky appears to be the limit with 300m + continuous copper intersections. With the production licence assured , people will start looking at Beutong in more detail and see how big it will end up being....

[scarymonster] 25/11/2017 22:29

I used to do it the long way around by printing out all the contract notes and manually entering into a spread sheet.

Are the new TD/iii charges really that bad? I'm not sure they are. I'd much rather have a flat fee system than lets say a percentage of portfolio charge. How much could you actually save by moving.

[horneblower] 25/11/2017 22:09

cyber, You're right that the csv file gives the correct net credits and debits but the description part of the file is as I show it above. It's pretty shoddy imo.
Otherwise, TD are perfectly ok.

[the manini] 25/11/2017 16:17

I'm was with TD but all shares are held in a ISA i haven't been made aware of any charges such as you describe. I do day to day trading through IG. Do you know if these interactive investor charges will apply to an ISA account that isn't traded?

[littlemadam] 25/11/2017 15:37

Thank you all for your info & comments.
The new terms at II (TD) start 11 December. The quarterly charge is £22.50 which you get as trading 'credits', meaning you have to trade otherwise lose the money.
Its a charge of £90 per annum by stealth.

I shall just use a broker where you pay as you go.

I trade infrequently nowadays. Most of my holdings are in my and hubby's ISAs.

[cyberbub] 25/11/2017 14:21

I have been with TD for the 10 years I have been trading and found them to be excellent.I must admit I hadn't been aware of the fee changes either! Disappointing, especially since I don't trade that often these days.Horneblower there is a trick to use on the TD platform to get your trades exported as a CSV file (which then opens in Excel) for your tax return. It's very easy, but I can't remember it at this moment and am out of the house at present. Yes the 'log' of the trade is shown with the share price rounded to the penny, but the only thing that matters is that the actual trade paid/raised amount is shown exactly...