Asiamet Resources Share Discussion Threads

[adorling] 27/1/2018 08:17

“I believe we are going to experience the greatest bull market in mining shares and precious metals we have ever seen in our lifetimes”

Greg McCroach at Mining Investor Conference Jan 2018 South Africa

“It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”

Jesse Livermore from Reminiscences of Stock Operator

Just believe in these 2 quotes and build a sizeable position in ARS and learn to sit through this incredible commodity bull market about to power ahead in the next 7-10 years.

There will be many investor millionaires made in this club but can you really learn to sit tight?

[letsnotpanic] 26/1/2018 20:53

Not sure I get you. All opinion here anyway so no harm giving them. In my opinion we are holding here as we normally do before the next leg up - spurred on by news of a strategic partner or bullish drilling results etc

[cyberbub] 26/1/2018 20:40

It will be good to see it, but always remember that Proactive is paid-for marketing, and rarely tackles any awkward issues. I will be impressed if Steve answers many/any of the searching questions that PIs will probably have sent him!Not saying that ARS is a bad investment, far from it, I'm still here!

[kjawoogie] 26/1/2018 19:29

Charles I look forward to the interviews as much as anyone and provided a few questions for Andrew to put to steve. I was just saying he wouldn't cancel if he didn't have to and he has promised an extended interview which should allow him to go into more detail. Especially as Andrew interviews steve really well.

[kjawoogie] 26/1/2018 19:28

Charles I look forward to the interviews as much as anyone and provided a few questions for Andrew to put to steve. I was just saying he wouldn't cancel if he didn't have to and he has promised an extended interview which should allow him to go into more detail. Especially as Andrew interviews steve really well.

[delboy ars mad] 26/1/2018 19:20

Look carefully who have a lot of shares I don't name names but I sure your work it out .. run for nothing

[letsnotpanic] 26/1/2018 18:05

So who is 'you know who'?

[adorling] 26/1/2018 18:01

Always good to finish the week blue and very impressive string of buying this afternoon. Someone is accumulating a nice holding.......all at below 10p

[delboy ars mad] 26/1/2018 17:06

Nice day for ARS shareholders.you know who is still selling 100K blocks but with them out the way soon and one of magnificent Steve's interviews I can say up up and away to the single digits and wiz through the teens.. Have a great weekend to all genuine Ars shareholders

[cyberbub] 26/1/2018 16:16

OFF TOPIC Yes I agree there is a ticking time bomb for DB pensions. I am lucky enough to benefit from both a private sector one (closed some years ago to new entrants) and also a public sector one.Luckily my public sector DB pension is one of the few that are actually invested, so there should be 'something' available when I come to retire in 15 years or so.Most public sector DB pensions (NHS, police etc) are completely unfunded and are purely a promise from a future government. As is the state pension of course.I fear that for anyone retiring in the same time frame as me, there's a high chance that many DB pensions will be either deliberately reduced (ie. broken promise), unintentionally reduced (ie. gone bust, pension protection scheme takes over), or simply will not pay out at all.... :-(I don't understand the claim though that some major PLCs are hiding their pension deficit - they have to legally publish the figures??

[dorset64] 26/1/2018 15:19

Mount Teide 26 Jan '18 - 10:44 - 11284 of 11296
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MT what you say is of course true, but there is one very large elephant about to gate crush the room, and it will likely affect all of us in one way or another.

When you correctly speak of pension deficits the one thing that the press, industry or investors have yet to cotton on to is the simple fact that of those in deficit, at least they have either been exposed or come out and told their investors.

In the city alone there is say 20% of extremely large blue chip plc's that are not disclosing their own pension deficits at all and for very good reason, as the deficit they have would be crippling if generally known.

Take a look at the largest 25 plc's operating in the UK and I would wager that some 20% or more have kept their own problems private, and even more been covering them up for years. Carillion going bust is only the tip of a new iceberg as I know too well as one or two of my own companies deals with these guys, and there are other large plc's/Co's waiting in the wings to also go bust for one reason or another.

[delboy ars mad] 26/1/2018 14:48

Very strange large buys on no news. Interview delayed to next week but we may have a little surprise coming. Love it Steve bring it on. Oh still a few large sells today (you know who)

[photon] 26/1/2018 13:36

12:44 Andrew Scott tweets that Steve has had to postpone the interview to early next week - but Steve has promised to do a "more extended chat".13:04 a flurry of buys come in and the price ticks upWell, I for one am intrigued

[mr roper] 26/1/2018 13:35

Someone's buying and didn't need an interview!

[horneblower] 26/1/2018 13:26

Don't get me wrong, I'm delighted with the Beutong licence and with the confirmatory, infill and extension drilling at KSK. However, Beutong is probably 5 years away from mining and Baroi maybe four years away.

Once BKM mining is established, hopefully in the next eighteen months, then BKZ and BKW become reality and then we should be worth 80p plus.

We have an excellent team in our management and board and they know what is required. It's just a matter of time.

[uapatel] 26/1/2018 13:19

Charles Clore,

Fair enough, I very much appreciate Steve doing the interview and adding a personal touch to how the company is progressing. Also as you say it keeps us in the limelight and new potential investors get a upto date insight on progress.(End of the day, it helped me invest here). I'm just hoping they also keep in mind the BFS in the interview and reminds us that they are progressing this as a priority.

Good luck all holders

[charles clore] 26/1/2018 13:11

Kawoojie you wrote '...Think we all agree projects are more important than the interview'Depends very much upon your perspective. The interviews create interest and attract new blood whereas the bfs is awaited mainly by those who already have a vested interest. Until the bfs is published I think our main price driver will be those who see the upside here (interviews help). Post-bfs the big buyers will appear in greater numbers imho.

[highly geared] 26/1/2018 12:18

MT: great post and why it’s all gone wrong; the productive sector of the economy with poverty level private pensions funding the public sector consuming sector gold plated pensions that bear no reality to what’s been put in...
Inequality at its best as directed by our politicians...

[uapatel] 26/1/2018 12:16

HB,

Totally agree, it's why I'm frustrated, telling me 'oh look we found more stuff' is great but probably not going to move the needle much now. At some point the credibility gap will get too big and they need to demonstrate they are capable of actually converting the project.

Happy to be contradicted, but just feel the BFS needs to be focused on.

[buildit1] 26/1/2018 11:56

Exactly. Value Perception of all ARS assets improves dramatically once we are seen as a producer. Still being valued as an explorer currently.

[kjawoogie] 26/1/2018 11:49

Unfortunately it's been postponed until next week I think he is just too busy working on the logistics of the 2 projects today. Think we all agree projects are more important than the interview

[horneblower] 26/1/2018 11:35

Copper in the ground with an operating mine is worth four or five times copper in the ground without a mine.

We need to get mining.

We need that bfs.

[mr roper] 26/1/2018 11:10

What time is Steve on? Anyone know?

[mount teide] 26/1/2018 10:44

The totally unacceptable and rapidly growing UK Public Sector pension liability put's Highly Geared's possible huge £1m ARS investment gain for pension purposes into some perspective.

The average pay for example of NHS GPs stands at £120,000 although some earn as much as £770,000 a year. Consequently, a GP retiring at 65 after 40 years work would be entitled to a taxpayer funded pension of between £80k and £508k, for a personal contribution of around 8% of salary.

Laughably, to earn such pensions in the private sector today the individual would need to have accumulated a pension pot of between £2.4m and £15.3m assuming a joint life annuity at 3% escalation.

Its the reason why 30 years ago every FTSE 100 company offered Final Salary Pensions and why today only 19 still do and, mostly to only a small number of senior staff.

Despite closing the Final Salary Schemes a staggering eleven FTSE 100 companies still have total disclosed pension liabilities, which are greater than their current equity market value. International Airlines Group, BT, and Sainsbury's have total disclosed liabilities worth almost double their equity market value.

We are now witnessing the final demise of Final salary/Defined Benefit pension schemes in the UK private sector, as they have simply become too expensive as an employee benefit.

A typical final salary pension scheme now costs employers more than three times the cost of 30 years’ ago, largely as a result of increased longevity and changing market conditions. A DB pension scheme that might have had an employer cost of 10% to 15% of payroll in the late 1980s now costs the same employer well over 50% of payroll – and that is before any allowance for the costs of paying for large deficits.

These costs come up for debate and negotiation at the time of each triennial actuarial valuation. In previous cycles, it has been the smaller schemes that closed the door on future DB benefits for all their members. Now it is the last few massive DB schemes that are closing down. Tesco closed its DB pension scheme in 2016 and Royal Mail is in the process of closing its DB pension scheme.

Employees in much poorer defined contribution DC schemes will cast a jealous eye on those lucky individuals still enjoying DB pension benefits, reflecting not only on how many Companies now have to channel the majority of their pension spend on propping up expensive DB schemes, leaving little left for their DC schemes (and Shareholder dividends), but also reflecting on how an increasingly large part of their taxes is paying for the 5.5 million public sector workers who continue to enjoy the hugely expensive luxury of a gold-plated DB scheme, including guaranteed retirement at 60 on a full pension, for those over the age of 50 when the government changed the rules a few years ago to make 65 the earliest retirement age for younger public sector workers.

To say there is a huge and still rapidly growing pensions apartheid in the UK today is an understatement.

Most graduate employees retiring today at 60 on a Final Salary Pension, will have been able to take advantage of free university education.

Whereas a graduate today is burdened with a huge education debt, will only be able to save for a pension worth a tiny fraction of most of those currently retiring and, will work until at least 68 years of age to help pay for the outrageously generous pensions of earlier generations, before being able to claim their modest State Pension which is one of the lowest among wealthy EU nations. And, to rub salt in the wound have mostly been priced out of ever becoming property owners.

No wonder youngsters increasingly live for today, taking the lead from our self serving politicians(all of whom have extremely generous Final Salary Pensions) and who recklessly continue to spend far more than they raise in tax(laughably described as austerity by Corbyn's mendacious front bench who want to spend a further £250bn over current expenditure during the life of the next parliament were the British electorate to lose their senses and elect them) safe in the knowledge they will not be around to be accountable for the consequences.

Rant over for the day!

[mr roper] 26/1/2018 09:36

HG, indeed, and that is why we are here!