Asiamet Resources Share Discussion Threads

[2lb] 06/12/2017 15:01

No political risk to my mind other then some sort of Black Swan event. Churchill mining not remotely relevant

[ronconomics] 06/12/2017 14:41

Lab bottle neck signalled as out of their hands. LIC comes when it comes. Chill out.

[gymratt] 06/12/2017 14:40

Sub 10p buying opp didn't last for long!

[huckle9] 06/12/2017 14:34

Is there a political risk here we are missing?? Thinking Churchill mining and their issues with the Gov of indonesia and the ensuing litigation...

[tektonik] 06/12/2017 14:31

To be honest I think updates generally have been excellent, admittedly the outputs of which are not always reflected or acknowledged in positive share price movement. Last RNS remains at 29th of November (5 working days) - by no means the biggest gap we've had to date. Mild frustration in the grand scheme of things at lack of any news since the 29th. Irritated by lack of internal cohesion and communication on Beutong in this instance. Generally very happy and patient on my *LONG* term investment!

[yorkie14] 06/12/2017 14:22

Good buying opportunity then 2LB!...

[2lb] 06/12/2017 14:17

They do like to shoot themselves in the foot (and us) when it comes to updates and managing expectations.

Met results - gone AWOL
License - now paying for the November hype and credibility on the line
2-3 RNS in a week statement - evaporated.

etc etc

Ho hum - back to the day job. None of this impacts the 12 month forecast which remains better than ever.

[charles clore] 06/12/2017 14:12

Losing traction this afternoon. That licence news badly now

[ronconomics] 06/12/2017 12:54

Smoking...what like Bacon. No. Mr Piggy.Sir. just hgh on life.

[ayesha4] 06/12/2017 11:16

Still so much news due. We could yet see 15-18p by year end.

[mrpiggy] 06/12/2017 11:15

Have you been smoking something Ronconomics?

[ronconomics] 06/12/2017 10:52

I think responses to the challenge of getting a balance between incentive to invest and safeguarding wealth nationally is interesting. I suspect the breakpoints at extension are there to secure divestments in an orderly way.

[mr roper] 06/12/2017 10:39

looking forward to the scout drillng at Baroi..
"The Baroi is one of 38 prospects within the Company’s 75% owned 6th generation Contract of Work covering an area of 129,200 hectares located in central Kalimantan, Indonesia.

Indonesia hosts two of the largest copper gold porphyry deposits in the world, including Newmont’s Batu Hijau, mine. At December 31, 2002 after 3 years of operation, the Batu Hijau mine was reported to contain a reserve of 1 billion tonnes of copper at a grade of 0.55% and 0.42 grams per tonne gold. Baroi displays some similarities to Batu Hijau and the Company is focused on finding this type of deposit. "

"By early 2003 our mapping and sampling had identified a 6 x 5 kilometer mineralized area in the southern portion of the Baroi circular feature and 218 of 238 rock
and channel samples taken returned anomalous values including 6 metres 15.6% copper, 240.5 gpt silver and 0.14 gpt gold (NR03-7)."

[2lb] 06/12/2017 10:28

Already spotted and corrected :-)Which in itself emphasises the point :-)

[mrpiggy] 06/12/2017 10:25

I take it you put "borrow right"on your last post to emphasise your point 2LB!;@)

[2lb] 06/12/2017 10:24

No indeed - they are delivering excellent results and progress. Many AIM companies focus heavily on presentation and gloss without much substance to back it up - Asiamet generally are the opposite.

[jackbal] 06/12/2017 10:19

Maybe the communications from Ars around the whole Beutong subject could be described as sloppy. Can't find anything else to criticise them for!

[2lb] 06/12/2017 10:00

As an example of the level of "accuracy" regards current website - you only have to look at the homepage which now has Steves M&M proactive interview sitting proudly at the bottom right and labelled as September 20th, even though it was last week - sloppy.

[2lb] 06/12/2017 09:56

Yes - it's standard.

The update can only be a positive thing - just best not to read too much into it.

[ronconomics] 06/12/2017 09:52

I had the impression that 20 plus 2 x10 was standard Indonesian law nothing specific but the refresh is intriguing.

[amaretto] 06/12/2017 09:51

Jackbal, simple - third world bureaucracy. Nothing quite like it.

[jackbal] 06/12/2017 09:44

Interesting development re the website and updated license info.

Perhaps JPM are increasing their stake and RNS being held back to be announced at same time?

Anyone else have any thoughts on why this not RNS'd yet?

[amaretto] 06/12/2017 09:28

Just for clarity...

On page 12 of the old presentation it says:

"Title is IUP Exploration Licence. IUP Production License being processed. 20 years and possible two 10-year extensions"

Whilst on page 9 of the new presentation it says:

"Title is IUP Production - Operation Licence, valid for 20 years and with two 10 - year extensions "

Note the missing words, "being processed" and "possible" when referring to the two 10-year extensions and the omission of "Exploration Licence".

Draw your own conclusions.