Asiamet Resources Share Discussion Threads

[mattjwhity] 27/3/2018 07:21

https://stockhead.com.au/resources/oz-minerals-makes-avanco-a-444m-offer-it-cant-refuse/

[mr roper] 27/3/2018 06:30

hxxps://www.aol.co.uk/news/2018/03/25/2-bargain-growth-stocks-that-could-you-help-you-become-an-isa-mi/?a_dgi=aolshare_twitter

[mr roper] 27/3/2018 06:27

hxxps://stockhead.com.au/resources/oz-minerals-makes-avanco-a-444m-offer-it-cant-refuse/

[monttim] 26/3/2018 21:36

I love that, articulated facts with the cherry on the cake, a billion dollar company. The next year or so are going to be quite a ride.

[highly geared] 26/3/2018 19:37

From an investor perspective, the last 3 months needed 2 things to happen to make ARS a sound and de-risked investment with huge value generating potential ( based on asset prospectivity):

- conversion of the Beutong exploration licence to a Production licence.
- agreement of an amended KSK SOW to provide long term tenure security with known royalty,tax and land outcomes.

Both have been achieved so it’s now down to project/programme execution by the management.

Of course , the world could end tomorrow, something could come along to replace copper ... but based on the ‘known knowns’ , we are now in a great space to develop the superb assets and build a $ billion + company over the next 3-5 years.

[waterloo01] 26/3/2018 18:50

Another (large) brick in the wall speeding towards a buyout?

[horneblower] 26/3/2018 18:29

I didn't know there was an app so I went direct to the advfn website via safari.

It works ok but not quite as well as on my Windows desktop.

[charles clore] 26/3/2018 17:32

HB - are you using the app to view advfn on the ipad or accessing it via a browser? One method gives totally different results to the other.

[squidd] 26/3/2018 15:28

Hi Mount Teide:

As a keen follower of all your posts, I'm prompted out of lurking mode by your latest top up. From memory - I believe you hold Ms of these, this latest will roughly equal my total holding, acquired in recent weeks, and leaving me wishing I'd followed you much earlier.
However, you posts are much appreciated, please keep them coming.

s£d.

[highly geared] 26/3/2018 14:00

Cyber; exactly!
The No.1 risk outside ours and the BOD’s control is political risk. This overshadows everything else. The fact the COW amendments are now agreed is a huge step forward. The NSR terms and amended size of KSK are a reflection of a negotiation where the government gets a ‘win’ and ARS retain the core fundamentals of what will drive it forward. More importantly, it means finance will be sorted for BKM ( this had the potential to delay the timetable considerably).

[cyberbub] 26/3/2018 13:51

The key 2 points I take from this excellent RNS are:1. The PEA, and therefore the upcoming BFS, have already taken the altered royalty and income tax rates into account... so the NPV already stated remains accurate.2. The political risk (one of the key remaining risks) has now dramatically reduced.Gets better and better!

[arf dysg] 26/3/2018 13:14

meanreverter (12764) "Four percent of (say) $6500 is $260"

...but it's not 4% of the gross selling price of the copper. It's 4% of the net, i.e. after some costs are accounted for.


That would mean that initial production (before the mine has got its costs sorted out) could be less profitable, but with lower royalty payments. That gives the mine a bit of cushion initially.

Later, when the mine working is optimised (with lower costs among other things) the eventual royalty to Indonesia could well be higher than with the previous agreement.

[uapatel] 26/3/2018 13:08

JC2706,

Granted that at the moment this means the GOI are onto a good thing. But to me they have even more vested interest in seeing our mines are are a success. Hopefully permitting might be easier on future prospects.

Good RNS all round

Good luck all holders

[mr roper] 26/3/2018 12:54

Also, from page 5 of the latest presentation
BKM
"Financing discussions commenced "

What odds on a financing announcement in conjunction with the Feasibility Study report?

[jc2706] 26/3/2018 12:52

It is a NSR so the figures to base the royalties on are after all operational costs. Still, with metals prices likely to run higher in the next few years, the variable rates will likely work out as higher than the previous fixed rates.

[meanreverter] 26/3/2018 12:29

@Arf Dysg: Four percent of (say) $6500 is $260; compare with $45. For gold, 3.75% now corresponds to ~$1600 (ex $225). In the case of silver, the take is now $16, as against $1.90. These are increase multiples of respectively 5.8, 7.1, and 8.1 times. I'd willingly take 100% of the downside risk if we could revert to the old rates.

[mr roper] 26/3/2018 12:08

"The Company is firmly of the view that the KSK CoW has the potential to host a district scale pipeline of copper-gold and polymetallic mineral prospects which are yet to be fully understood or appreciated."

concur.

[horneblower] 26/3/2018 11:52

bootie64,
When I view advfn on my wife's iPad, the header shows at the top and the posts are in descending order (latest at the bottom).
Admittedly there are no scroll bars on the windows but the functionality is pretty much the same.

Great RNS, by the way.

[arf dysg] 26/3/2018 11:51

Today's announcement on RNS:

"Net Smelter Return royalties for copper will be 4% (previously USD45/t), gold 3.75% (previously USD225/kg) and silver 3.25% (previously USD1.9/kg)"

This is not just a change in the numbers - it's also a change in the nature of the royalty. Previously, it was a payment per quantity of material; now it's a percentage of net return after costs.


Previously, it was a price per unit of metal (e.g. USD45/tonne). That would mean that no matter how high or low the (market) metal price, the royalty would be the same. That would mean that Asiamet took all the risk and the Indonesian government received the royalty.

Now, since "Net" implies that it's after costs, it's more like a tax on a part of the operating profits. This means that the Indonesian government is now sharing the risks, so if the world price of copper goes down, both Asiamet and the Indonesian government receive less. Conversely, if the world price of copper goes up, Asiamet and Indonesia receive more.

[mount teide] 26/3/2018 11:49

Milestone announcement - this contract development allows the company to firm up preliminary work on the financing stage of the BKM/KSK project in parallel with the final stage of the BFS.

Considering the commercial significance of this contract development to the investment case at the current valuation, I've increased my holding this morning by 7.5%.

[bootie64] 26/3/2018 11:41

HB,I think the issue is when viewing via the app on IPad as I am now. Nothing shows in the header just the posts, which are in reverse order to the view when logged in online, typical ADVFN :)Similar problem on some other threads when people refer to the webpage viewYour chart link works fine in the app thanks and very nice it is too :)

[adorling] 26/3/2018 11:09

Bobby - don't worry it is only the 10% gang looking for a quick turn. Profits taken will all be gone by the weekend!

[horneblower] 26/3/2018 10:20

librayang and ifthecapfits,
I can't provide a link as the link is to this thread...which you are already in!

I don't know why you can't see the header.
When you first enter the thread, are you not at the top of the header showing the three ARS charts?

If so, scroll down ( do not use the 'skip header' button). You should scroll over the rest of the header and get to the 'More Charts' section, which, on an iPad, should itself scroll in its own frame.

If you can't see the header, complain to advfn on their Problems thread...




I'll post the graph I'm talking about below.