Asiamet Resources Share Discussion Threads

[gersemi] 08/1/2018 07:05

Brakes off here today

[okidokicoki] 08/1/2018 03:09

Ayesha4 if this share drops a penny in price i lose about 14k and im really not worried . Your 12p average will make you a lot of money even if beoutong does not land. look at what we have now and the numbers are amazing .A few Warren Buffet quotes “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”"If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value."

[ayesha4] 07/1/2018 23:21

Charles, it was the reason I originally sold - to my loss - and why I am slightly annoyed now. I am in at a higher price than today and dont plan on selling again. It worries me when he said that its coming end of November and it hasnt by January. He was better of staying quiet. They have promising the licence a long time and whilst not overly important at this stage - it is an issue of credibility. I am hoping we get some positive news this week.

[charles clore] 07/1/2018 20:45

montim - to be fair I would also say it is justifiable for shareholders to be slightly nervous when a representative of the company says 'assay news next week' and 'licence by end of the month' followed by 6 weeks of silence.

[monttim] 07/1/2018 20:16

Hi Mr Piggy, Agree with you 100%. Our team is one of the best in the world. A large claim, however if anyone wants any verification do some research particularly on Tony Manini. Tony was part of the Oxiana team that got their mine up and going in Laos with their share price going from 4 cents to $4.35. He knows international mining business as well as anyone. Add PETER Bird to the mix , anyone can do some research here, his background is very impressive. Steve Hughes, a top mining man, plus many more on their team. The ace in the hole however is the POC. This is very good timing. A bit of share price wriggle at the moment but that’s all it is, a few short term profit takers.

[mrpiggy] 07/1/2018 10:50

I do understand your caution waterloo01, I have had similar bad mining investments with a SA/Zimbabwe connection, namely AQP and the dog that is POG (former Russian state), I got my bacon fried on both!Do take a look at the track record of our management team though, they have a proven track record and inspire confidence!

[charles clore] 07/1/2018 10:48

I am hoping we will get some sort of update next week. There must be quite a bit of news in the pipeline imho.

It would be very sad to see the bull flag break to the downside because that would also breach the 50 day ema and likely lead to further selling to the 7p support level. So news is critical imho. If news doesn't happen it will present a wonderful buying opportunity (also imho). On the other hand, if it bounces off the 50 ema...

free stock charts from uk.advfn.com

[mr roper] 07/1/2018 09:12

Waterloo, FYI we already have a production permit for the flagship bkm mine.

[waterloo01] 07/1/2018 08:32

Thanks for some of the pointers, and had clocked the BOD taking options, which is a strong signal and holders certainly seem pretty strong in belief. I took a small position a month or two back and might increase my exposure, but I still see risks, so will take a measured approach. If I have to pay more for a larger stake later, so be it, I'm prepared to pay for lower risk. I've made excellent money on some miners but have also lost heavily some years back investing in pre production mines that had issues with funding/permits and ultimately (SA) location.

Cheers.

[monttim] 07/1/2018 06:21

What a great selection of educated posts. Thanks to all. What a refreshing change when compared to a couple of the other sites.
Thanks from an Aussie with a long term view and holdings to suit and very confident.

[mount teide] 06/1/2018 23:09

HG - if during 2018 the management successfully deliver the 4 highly valuable potential developments mentioned in that last post then, for an offer to be seriously considered it may well need to be closer to a £1 than 50p.

CAML recently paid $402m (ARS share price of 38p) for a mature Zinc/Copper mine in Eastern Europe with production equivalent to 20,000 tonnes per annum of Copper in revenue terms - and CAML management thought they got a bargain with serious upside potential considering where metal pricing/global stock levels are in relation to the commodity cycle - and this was after rejecting/dismissing over 150 other possible acquisitions they enquired about as being too expensive!

AIMHO/DYOR

[highly geared] 06/1/2018 21:57

Ron: I’m in FFWD as well but ARS is my main holding. I’d just like a repeat of 2017 share price performance in 2018 and don’t intend selling a single share. If BKZ copper continuity is proved and the Beutong Production UIP lands , this will go nuts but regardless, I expect us to be at 30p once the BFS is out and financing is sorted out.
If all our stars align and copper starts to motor/ overshoot beyond $4/lb, ARS will be North of £1 come 2019.

[highly geared] 06/1/2018 21:49

MT; best post I’vd read in ages on ARS; good to see you have your 50 pence worth or am I short changing your view on our worth....!

[ronconomics] 06/1/2018 21:42

P.s. I'm in FFWD fund. This has exposure to factom building blockchain for financial services, a canabis Co listing Monday , some advance cancer science, the Chinese you tube and a US education funding app. All innovative with high upside potential. I'm learning still anc appreciate the knowledge on this board greatly.

[ronconomics] 06/1/2018 21:38

Actually I'm a holder long term experimenting with leverage. I'm controlling about 3-4x the capital put up. When the price drops off I have to reduce my holding or find extra cash that day. If my position gets too out of whack the chances of blowing up the account increases. So I have a limit of capital at risk per holding as a share of my total savings and buying in retracements tests my discipline and resolve. The mm keep me in line by calling for a top up at which point I have to shave the position for less than I'd like. So far ive trimmed about a 6th and am still considerable overweight. I plan to recycle some profits if we reach an initial target. There's nothing macho about any of this - life changing rewards v ability to sleep at night. There has to be a balance. Since I began in q4 I've been able to take a nice size position in HZM and TLOU and most recently some uranium plays including GCS free Warrants (on an ord holding i've sold). So I'm gradually diversifying on the back of share price appreciation on the initial outsize positions. I plan to research prospect generators (mostly gold) next to get exposure to well qualified smaller projects at lowest risk and will invest if the current upward trend in gold miners passes a key threshold. Its a bit of a hedge for the pension That's my approach anyhow.

[mr roper] 06/1/2018 20:27

Nicely summed up, MT. As rick rule says the major derisking point for any acquirer is when the bus is published. If copper is circa 3.50-3.75 then I'd be expecting a bid or two imminently post publication. 50-60p would get me interested.

[mount teide] 06/1/2018 19:26

Why has the management quietly pushed the BKM BFS back to Q2/2018? Answer: it suits them personally.

Why is this likely to be the third year in a row where the entire Board will take share-options in lieu of fees for their remuneration? Since 2015, all of the executive management will have been funding their and their families living expenses out of their own pockets - the only reward for years of value enhancing work at ARS will have been the accumulation of Share Options mostly in the 5-7p range. Answer: its suits them personally.

Why in December 2017 did management immediately take drilling equipment away from other highly prospective BK Zones back to BKZ after receiving the assay results from the latest drills at BKZ - which confirmed the presence of high grade copper-silver mineralisation with a strike length of at least 110m and true thickness of up to 50m immediately beneath the high grade polymetallic Zn-Pb-Cu-Ag-Au mineralisation - in order to commence drilling at 50m intervals back towards the BKM Copper Project to the South? Answer: it suits them personally - why might this be?

'The copper mineralisation at BKZ is potentially controlled by the same major structure that controls the location of mineralisation at the BKM Copper Project to the south, and as such indicates potential for continuity of structurally controlled copper mineralisation over 800 metres of strike between BKZ and BKM, with a true thickness of up to 50m, and remaining open to the south, east, west and down-dip.'


Then ask yourself this question - by June 2018 what could ARS be worth to a major mining group with Copper at say circa $3.75/lb and forecast to be in deficit until at least the early 2020's, if it had the following assets?:

BKM BFS - comprising a low strip ratio, low capital intensity 25,000t Copper per annum project with low operating costs, strong cash flow generation capacity and significant upside potential through further resource growth.

Ultra low cost BKZ Zinc/Lead project utilising BKM's mining infrastructure

Exploration confirmation of continuity of structurally controlled high grade copper-silver mineralisation over 800 metres of strike between BKZ and BKM, with up to 11.8% copper and 415g/t silver reported over 1-metre sample intervals up to 50m of true thickness.

Beutong Production Licence


I'll hazard a wild guess - many, many multiples of what they would have earned if they had taken a £300,000 annual salary instead of the share-options.

While its always safe to never underestimate Institutional Investor/Broker/Market Maker greed - the same could also be said of the Executive Management of most if not all Quoted companies!

Unusually for Pi's, the good thing about an investment in ARS is that the management have allowed us to be fully aligned with their greed(move to take share options in lieu of a salary/hard cash) - considering their previous track record in the sector developing juniors with great assets, investors would do well to ignore this investment lead/signal at their peril!.

AIMHO/DYOR

[mrpiggy] 06/1/2018 18:29

So here's your dilemma Waterloo01, you play it safe and wait for funding partners RNS to be released and you buy a larger stake at 30p + a share or you buy in now and multi bag!Please show me evidence of an exploration company in Indonesia that proved up a resource on an exploration permit and was then refused an exploitation permit!

[waterloo01] 06/1/2018 18:13

Cheers. The resources does look potentially very good although $150 build from scratch given the location seems 'light'. Indonesia and the permitting risks do cause me some concerns but guess that's factored into the risks.

[mrpiggy] 06/1/2018 17:58

Waterloo01Study what we have at BKM and BKZ (probably linked ore bodies) and the strip ratios and then ask yourself a question, what major wouldn't want a piece of this?(not to mention other areas)ARS have stated that they are bringing in an Indonesian partner for BKM (but have yet to mention who) and maybe a major. It's Beutong that has my interest though, it dwarfs BKM and is 60km from a major port and by major highways with excellent power grid already in place so little spending on infrastructure!I read it will be one of the biggest mines to the Chinese market. A wealthy pension maker for the patient!! ;@)

[mr roper] 06/1/2018 17:52

Worth bearing in mind that at today's cu price, Ars would be generating revenue of 180m bucks a year from the first 25k pta. I expect the cu price to be 25% higher at the time of production than it is today.

[mr roper] 06/1/2018 17:50

Waterloo, approx 150m bucks for the mine build. 1/3 equity, 2/3 debt.

[mr roper] 06/1/2018 17:49

Mr P, it refers to the previous post. No frustration here. Waiting for 2021

[waterloo01] 06/1/2018 17:15

I've had this on my watch list and the share price rise in the last 6 months is impressive. The thing that's holding me back taking a larger stake is funding.

What's the current thinking on how much it will cost to get the mine/s to production and have they stated the likely route to finance?

Apologies if this is an old discussion, just looking for pointers.

[mrpiggy] 06/1/2018 17:00

Good post bc, similar experiences!