Asiamet Resources Share Discussion Threads

[horneblower] 21/2/2018 08:46

Non. It's not the mm's.
What happened was...
The closing price is defined as the result of the Auction at 1635hrs. Last night the "uncrossing price" was, for whatever reason, done at 10.5p where the mid price had been 10.05p all afternoon. The mid price is still 10.05p but in a thin market the mid price is a slippery concept.
So we inexplicably ended up 4.25% on the close last night and now we are down 4.25% this morning despite nothing actually happening to the bid/offer.
It's nothing to do with the market makers. I's just a quirk of the system that particularly affects lightly traded shares.

[adorling] 21/2/2018 08:10

2 buys at the open and 1 small sell less than 5000 shares and we are marked down 4.3%??? WTF MM?

[hickersp] 21/2/2018 08:10

Mont, 10.05 .......

[hickersp] 20/2/2018 18:21

Scary, looks like big late trades, still not showing. The charts are not consistent with each other. It will be interesting to see how she opens in the morning. Hickers.....

[scarymonster] 20/2/2018 17:48

Did we finish up or down sure I checked after close and we were still red.

[haydock] 20/2/2018 17:44

Twigs3
I think you win by a short head.
Still some doubts, photo finish ?

[arf dysg] 20/2/2018 17:28

haydock, I found this on google. There was nothing else in the last couple of years.

(Friday 16th of February 2018)

"Chelsea FC owner Roman Abramovich is preparing for a London court battle with two other billionaire Russian oligarchs over control of Russia’s biggest mining company.

"Abramovich is being taken to court by Oleg Deripaska to prevent the Chelsea owner from selling his minority stake in mining firm Norilsk Nickel (Nornickel) to Deripaska’s rival Vladimir Potanin."

[twigs3] 20/2/2018 17:13

Is this it?
hxxp://www.mining-journal.com/m-amp-a/news/1315579/“kaz-minerals-confirms-it-is-currently-evaluating-the-potential-acquisition

[mr roper] 20/2/2018 17:04

thought that was his nickel shareholding that he was trying to punt?

[hickersp] 20/2/2018 16:22

I think haydock must have clipped a fence, suffered a nasty fall and is feeling the effects! Ooh err missus.

[haydock] 20/2/2018 15:35

have you heard the one about Abramovitch & the $ Billion copper mine ?
No.
Neither have I, but it's out there now.
It's an offer.

[v11slr] 20/2/2018 15:19

Had a few this morning at just under 10p while I could.

[adorling] 20/2/2018 14:25

That bull flag looks about fully formed now so we should see a breakout on the next RNS update which should be coming shortly.

[cyberbub] 20/2/2018 14:24

Clearly not all of the buys are buys - the MMs are just messing around with a false wide spread. The real spread is about 9.90 - 10.05.

[charles clore] 20/2/2018 14:02

Mr R - last chance entry point for the big boys so the price has to be dropped for a while I guess.

[mr roper] 20/2/2018 13:52

Sells - 168,126
Buys - 653,583

Obviously, we are red.

[mr roper] 20/2/2018 10:42

buys x 2 the sells and down near 5%.. just like the old days lol

[sos100] 20/2/2018 08:16

Codelco chairman thinks coppers going to hit $4.50/lb this year.
The BKM project will probably pay itself back in less than 2 years..

[knobbly] 20/2/2018 07:57

Long enough at 10p. Time to move up now.

[cyberbub] 19/2/2018 22:59

Am not trying to be holier than thou BTW.

[cyberbub] 19/2/2018 22:59

I agree. I would be horrified to see widespread mining of the deep sea bed. Unfortunately money talks, and weird sea creatures don't have any money :-( The fact that these weird sea creatures may be critical parts of our food chain is completely irrelevant...I am also troubled by the environmental impact of on-land mining, but I know that firstly that impact is much better understood and therefore can be effectively regulated, and that land restoration processes are always now a strong requirement on mining companies. This is for well-run companies in relatively responsible countries of course. I would never invest in cowboy outfits which cause reckless environmental and social devastation.

[minder5] 19/2/2018 21:14

Cyberbub, Andrew Bloodworth gave a lecture at the Geological Society last week, 14th Feb. The issue of deep sea mining for cobalt was part of the lecture and Andrew described how the political issue of ownership of the resources remains unsolved after decades. Also of issue is the diversity of sea life that lives in the zones where these minerals are found. Interesting lecture...