Asiamet Resources Share Discussion Threads

[mr roper] 28/3/2018 08:11

HG, there will be a conversion of resource to reserve as part of the feasibility.

I’m hoping that financing is announced alongside the fs. That would be the cherry on top

[highly geared] 28/3/2018 08:09

In terms of the BKM BFS, I’d hope some of the PEA assumptions/metrics are improved upon. I recall the updated JORC converted a substantial portion of inferred into indicated and measured status with an increase in resource. I think strip ratios and metal recovery have been optimised so we should get further upside when the BFS is published.

I agree that the key metrics for financing will be known so I’d hope a package is agreed within weeks of BFS publication.

[mr roper] 28/3/2018 07:43

Cyber, indeed. Financing and partnering discussions are in progress. The ksk amendments out of the way means this can proceed now at pace.

[cyberbub] 28/3/2018 07:33

I agree. I find it hard to believe that the output of the BFS is not pretty much 'known'. It's essentially just a formality. The company should already be engaged in financing discussions, which will not take too long to 'top and tail' after the BFS comes out. IMO we will have financing agreed and in our hands by September at latest, ready to start ordering long lead-time items etc.

[sos100] 28/3/2018 06:27

just for reference but i was going back to TM past podcasts and this one in early 2015 at around 23.30mins he does say 12-15 months for construction so i do believe we will be producing at the end of 19 early 20..

[snickerdog] 27/3/2018 23:01

Avanco had 900k tonnes of copper and some gold taken out for $400m. Looks like 3 different assets in various stages. Not too dissimilar to Asiamet - setting a nice precedent for takeout valuation in multiples one day?

[monttim] 27/3/2018 22:27

118% on to 50 or 60p will be looked I suppose. A couple of extra years with some dividends would be nice though. One reason the BOD will want these projects moving and subsequently the share price I really believe our guys want to hold on to our baby for a long time though through all our projects. I am with with them.

[monttim] 27/3/2018 22:27

118% on to 50 or 60p will be looked I suppose. A couple of extra years with some dividends would be nice though. One reason the BOD will want these projects moving and subsequently the share price I really believe our guys want to hold on to our baby for a long time though through all our projects. I am with with them.

[highly geared] 27/3/2018 16:44

Happy to see a bid in 15-18 months when BKM nearing production, we know the resource exent of BKS, BKZ, BKW and Baroi, and we have a PEA for Beutong in its fully drilled state. All offers north of 65p will be carefully evaluated by the Board....

[jc2706] 27/3/2018 15:54

It's a comparable operation except for the fact that it has moved into production already (as far as I can see with less than 15kt copper production per year). Its larger ore body ('Beutong equivalent') is not the size of Beutong but is somewhat higher grade. Actually, it is closer in size to BKM. The area looks pretty good but I suspect that KSK is better. All in all, in a couple of years we would probably merit a significant premium to this asset given the exploration potential at KSK and Beutong.

[mr roper] 27/3/2018 15:46

that would do nicely. Especially if the share price was at 50p beforehand :0)

[cf456] 27/3/2018 15:37

Very large premium paid too

'According to Avanco, the off-market takeover values Avanco at A$0.168 per share, which is a 118% premium to Avanco’s A$0.077 closing price yesterday. The offer is also a 115% premium to the Avanco’s one-month volume weighted average price.'

[bluerunner] 27/3/2018 15:13

M&a activityhttps://smallcaps.com.au/oz-minerals-launches-bid-brazilian-copper-miner-avanco-resources/

[mattjwhity] 27/3/2018 14:45

https://futurism.com/the-wireless-charging-of-moving-electric-vehicles-just-overcame-a-major-hurdle/Making it more and more likely the ev revolution is coming.

[highly geared] 27/3/2018 14:03

If the above publication is ‘on board’ , I suppose it does no harm to have a wider ‘investor̵7; base... ironic they are promoting it at 12p when many of us have been here c 3 years from 1-4p. The risk was much higher then but so were the rewards...

[mount teide] 27/3/2018 13:45

Thought it was a balanced, fairy well researched article - however, current shareholders are likely to find the content contains nothing they did't already know.

[mr roper] 27/3/2018 13:17

supposedly a positive write up out by sh*teprophets. Not sure if they have anyone credible writing for them, never used to, but it's a write up anyway.

[edjge2] 27/3/2018 10:56

As above 11p gap filled surprised this is not 12+ after good RNS. More to come later.

[mount teide] 27/3/2018 10:29

Hi squidd

Would urge you and all readers to treat my posts as nothing more than the thoughts of a high conviction investor who is not reliant on the performance of their investment portfolio for retirement purposes.

It enables me to indulge myself and be much more extravagant with my investment choices.

An average human lifetime will probably see around 3 or 4 full commodity cycles - I've invested big on this latest one(as the laws of probability suggest its market peak will be the last I'll see in my lifetime), and have been fortunate to catch many multi year deep lows with my investments in the industrial metals, oil and shipping sectors. In different circumstances(if I were younger man reliant on my investments for retirement) I would not have gone into the commodity sectors and shipping nearly so early or heavily.

FWIW - If long commodity history and the current market fundamentals is a reliable guide, I believe this new commodity cycle has a long, long way still to go - mainly because of a chronic lack of investment over the last 5-8 years producing a rapidly approaching commodity supply crunch - and that we are still in the foothills compared to where the next cycle peak is likely to be found, probably around 2024/25.



Recent oil industry research points to the same supply crunch risks developing in that sector due to a chronic lack of investment since the financial crash, particularly by the Opec Nations - as in the industrial metals sector its suggests higher prices, possible much higher, will be needed to drive investment into developing the higher cost reserves to keep up with demand.

Sleepwalking into an oil crisis:




.....Coming Supply Crunch

'Norwegian research firm Rystad Energy reported that oil companies discovered less than seven billion barrels of oil and gas in 2017 -- the lowest number on record. Rystad indicated that this would only replace 11% of 2017 oil and gas production, and that the last time the world discovered enough oil and gas to completely replace that year's production was 2006.

Since the beginning of the shale revolution a decade ago, the world has discovered 110 billion barrels of oil. Meanwhile, consumption has totaled 360 billion barrels. This 250 billion barrel deficit between discoveries and consumption seems sure to grow in the years ahead, given recent oil discovery trends.

It is understandable why people would be complacent about this scenario. After all, didn't the world face similar risks a decade ago, only to have shale oil save the day? But it isn't clear that there is another "shale oil miracle" that is ready to save the day. There are indeed more high-cost oil resources out there that can be developed, but these projects take a long time to complete. That's why we can look out two to three years and see an impending supply crunch. The longer investments in the industry remain depressed, the more unavoidable this scenario becomes.'


....Shale Oil and OPEC May Not Be Enough

'Former Energy Information Administration (EIA) head Adam Sieminski warned of a decade of disorder:

"Maybe we are going to be less volatile now because shale can feed into rising demand. I’m thinking that the decade of the ‘20s is going to be one of difficulties. That’s why I call it the decade of disorder. We’re not getting enough capital investment now, I don’t know that shale is going to be able to do it all."

There are some who suppose that OPEC has enough spare capacity to flood the market and keep oil prices in check. But Ed Morse, Citibank’s Global Head of Commodities Research, warned that OPEC may be pumping at maximum capacity and that there is a risk of a market squeeze due to under-investment by OPEC countries:


“Fear in the market has been that OPEC production will rise dramatically, however, there could be a supply gap emerging, which could point to a tighter market. We’re seeing more and more evidence that it’s not the international oil companies, it’s not the independent oil companies that are lagging new investments, but it’s OPEC countries lagging, particularly those five [Libya, Nigeria, Venezuela, Iran and Iraq].” '..........

[mr roper] 27/3/2018 10:14

expect the unexpected.

"2018 will be a monumental year for Asiamet"

[highly geared] 27/3/2018 09:57

Chart wise the gap has been filled.Expect ‘ sideways ‘ movement during April ahead of BKZ Jorcs. Final BKZ assays will support things short term. First Beutong drill results may perk things up.

The big moves will come in June with BKM BFS / finance + Beutong will then be in full swing + BKS/BKW exploration drilling. Calm before the storm....

[edjge2] 27/3/2018 09:24

TO's moving but wonder how close to 11p this goes, hovvering at present. Puncture and recovery?

[mr roper] 27/3/2018 07:45

Matty, they’re delighted they’ve finally tipped a stock that went up ;0)

[mattjwhity] 27/3/2018 07:23

Apologies duplicate post lol

[mattjwhity] 27/3/2018 07:23

Mr R those Motley Fool guys are fans of the stock aren't they?