Asiamet Resources Share Discussion Threads

[adorling] 31/1/2018 08:02

“Meanwhile, activity at a corporate level has been extremely busy as we progress finalising amendments to the KSK Contract of Work with the Government of Indonesia and continue to engage potential new stakeholders and partners for the development stage of the BKM copper project.”

This is why I have a substantial holding in ARS. The Management just keep delivering and those new stakeholders referred to above will no doubt bring a new institution aboard soon.

Does everyone believe BKZ is joined to BKZ? - beginning to look like it even more now!

[mr roper] 31/1/2018 07:57

Meanwhile, in the background, stakeholder and partnering discussions continue at pace.

[highly geared] 31/1/2018 07:53

A bid Q4 won’t be a bad thing in that it will confirm value to the market if the share price doesn’t reflect fair value at that time. It would be nice to see a statement to the effect that ‘ the Board have received an offer that values the issued share capital in the region of 50p a share. However, the Board believes this materially undervalues the company in its present state and into 2019-20 as our assets are developed and has rejected the offer’...

It’s clear to me that given time, the enormity of the KSK/ Buetong portfolio will become apparent and that by Q3, we will have confirmed NPV of $1.5 billion with more to come from BKZ, BKW , BKS and Baroi...

A porphyry intrusion between BKM and BKZ could have huge positive implications for a deposit of multiple scale to what they’ve already identified. Slowly, slowly.....

[dorset64] 31/1/2018 07:52

The story & notably fundamentals just keeps getting better & better.

Now that a date has been set for May, anyone wanting a really 'cheeky' low ball bid will have to get going as with the confirmation of the maiden resource completed for BKZ, the share price and thus purchase price will have increased markedly.

BI feel if anyone is on the sidelines looking in you need to take your positions now and sit back and enjoy the upcoming ride.

[mount teide] 31/1/2018 07:48

Trump's State of Union Address to Congress last night - "It is time to rebuild our crumbling infrastructure"

With the Nation being put on notice that the floodgates are being opened on infrastructure capital expenditure together with the recently announced largest programme of tax cuts since the Reagan era - the Industrial metals, property and building sectors will be rubbing their hands at this news.

[mr roper] 31/1/2018 07:28

SOS, I find it hard to disagree with your view.

[mr roper] 31/1/2018 07:22

Landers, yup. Just re-reading it with a mug of tea and it seems we need to go down to 600m below bkz to investigate just how “significant”. Steve may resemble a large Cheshire Cat today,

[sos100] 31/1/2018 07:20

they may not want it but i can see the company attracting a bid this year..

[lauders] 31/1/2018 07:15

The presence of magnetite alteration in a silicified and hematite altered breccia directly below the copper-zone is a significant observation, as magnetite alteration is commonly associated with skarn and porphyry associated mineralisation. A review of the 3D inversion model for BK District shows a large magnetic anomaly below BKM and BKZ (Figure 4) and the Company has designed an approximate 600m deep hole to test this feature.

Significant is always a nice word to see ;-)

[curnic1] 31/1/2018 07:12

Very positive RNS

[mr roper] 31/1/2018 07:12

Excellent update. Bkz jorc in May and all systems go at Beutong! Steve’s going to be grinning today.

[mount teide] 31/1/2018 07:12

Another hugely impressive update

BKZ - Maiden Resource estimate by May for both the BKZ Polymetallic and BKZ Copper Zones.

'All holes that pierced the BKZ lower copper-silver zone terminated in intensely silicified rock that is oxidised and hematite-rich. Within this zone is the first confirmation of magnetite alteration and the BK 3D magnetic inversion model shows a large magnetic feature, potentially representing a porphyry intrusion, located below the southern area of BKZ and northern area of BKM.' Potential BKZ/BKM spanning Porphyry Intrusion at least 800m wide!

[paulodiablo] 31/1/2018 07:09

More good news. Keep it coming. Looking forward to Steve's interview even more now.

[mr roper] 31/1/2018 06:36

Steve on proactive just after midday

[highly geared] 30/1/2018 22:51

The candle stick chart shows the extended "pennant" completing around the end of the 1st week of March (longer term upper and lower resistance channel lines intersect). Chart wise ,the price will break decisively by this time unless it goes sideways with a base at 8.5p. 1st week March the time to watch; I'm mindful of news might push it up from there.

[ianbag] 30/1/2018 22:41

Yes both filtered obvious knockers as they only comment on block sellers - ignoring block buyers Of which there were many.

[delboy ars mad] 30/1/2018 22:38

Mr roper listen to others rather listening to yourself we all have a opinion and you can shove you filter up you ARS

[delboy ars mad] 30/1/2018 22:35

I understand that but who has 40 million ?

[highly geared] 30/1/2018 22:33

MT, top post as ever; the psychology of the retail/ private investor is typically one of euphoric optimism or absolute depression. It’s a symptom of the instant gratification world in which we live and it plays out in the stock market where many just cannot cope with days/ weeks without news. So, they need something to focus on and it manifests in over analysing daily action and proffering stories that seek confirmation from others.

I keep coming back to assets, timing, production contracts, management.

Best to follow the candle stick chart, it tells you the past and what’s likely to happen in the next 2 months....but.... the biggest gains should be made by doing nothing for the next 2 years...

[amaretto] 30/1/2018 22:33

You can't monitor the board without signing in so since you created your logon on the 30th you're obviously lying. Filtered along with Del Boy earlier this week.

I'd advise everyone to do the same or at least don't feed the trolls by engaging with them.

Looking forward to the presentation tomorrow, expect it'll be more of the same, nothing earth shattering, just steady as she goes with more excellent progress I daresay.

[ronconomics] 30/1/2018 22:21

Steve podcast online by lunchtime tomorrow.

[mount teide] 30/1/2018 22:20

Del Boy - suggestions were offered as to who could be behind the 100k sells - in reality a few 100k (£9k) daily sells is largely nickel and dime compared to the share price manipulation that went on here during April to July last year - while the Company were quietly negotiating a placing with JP Morgan totalling 64m shares at 4.3p.

Repeatedly posted that contrary to managements assertions, it was highly implausible that the 300m transaction volume during that period was PI's taking profits and/or doing a little trading around the margins of their main holding - and so it proved with the JPM placing announced in early August. In the run up to the placing, following the regular release of good news I elected to continue building up my position each time the share price was driven back down to the low 4p area.

Likewise at CAML, spotted similar activity last summer, and elected to triple my holding at 207p - shortly afterwards a placing/RTO was announced at a premium and some three months later the share price is now up over 50%.

Unfortunately, according to the FCA, some 20% of the transaction volume in the lead up to equity placings is considered suspicious BUT this is apparently okay since it used to be over 30% a decade ago! Consequently, it is possible to predict some placings, by closely studying the share price behaviour and transaction volume, particularly where the placing discussions are taking place over a number of months.

Which brings us back to the recent trading of ARS - the circa 130m transaction volume since the mid/late November 12p high is not even half the volume seen in the period before the JP Morgan placing. If you bear in mind some shareholders are now up between 5 and 10 fold from the lows, the recent share price behaviour and transaction volume is probably consistent with new shareholders buying into the still huge upside potential and some long termers disposing of a few hundred thousand for year end tax purposes or trading around the margins.

If there is a placing in the pipeline, the share price action suggests it will be small. And something I would very much support if used to fast-track the 2018 operations programme.

For me, post investment research is as important as pre investment research.

I consider ARS the highest risk/reward investment in my portfolio, so watch the investment like a hawk, and carry out further research as a matter of routine. Fortunate to have the help of an old friend who runs a leading container Port in Indonesia - he keeps me up to date with mining industry developments, National Politics and the economy which is currently performing very well.

Recent feedback from him suggests there may be a perceptible change from some in high political office towards foreign mining companies; probably driven by not wanting to miss out on the global recovery now taking hold in the sector. Increasingly, the message is the Nation will be doing more to attract foreign investment and expertise, by working with the mining companies rather than against them as was perceived to have been the case by many during much of the long 2010 - 2016 industry recession.


AIMHO/DYOR

[horneblower] 30/1/2018 22:17

Delboy, everyone has their own opinions but they don't necessarily waste other peoples time with them.

Consider a shareholder with 5 million shares bought at 1p. They cost him £50,000.
Now it's worth £500,000. It's reasonable to expect him to sell a couple of million shares which makes him £150,000 profit with £300,000 worth in for free.

Selling 100,000 a day is a perfectly reasonable way to do it.

How would you do it if you were in that fortunate position?

[delboy ars mad] 30/1/2018 22:02

Then tell me who sold 30 to 40 millions in blocks of 100k since November not a normal guy on the street . only stating the true situation