Asiamet Resources Share Discussion Threads

[pyglet] 10/4/2018 13:09

V11SLR.Indeed, I wonder? They must have had a few informal talks especially with the contacts that TM must have. All good news here and I expect the price to be much higher within the next 3 months considering all the news that is due.I have money waiting for a cheeky top up in the unlikely event the share price hits the 10p area. Fat Chance!

[gymratt] 10/4/2018 11:45

Welcome, Goldrush.

You'll be laughing all the way to the bank in 12--> 18 months time, IMMHO.

Folks still B&Bing their 2018 ISA..lots of shares in sticky hands and a great vote of confidence in the company imo. ;@)

[v11slr] 10/4/2018 11:29

I wonder how many approaches ARS has had?

[goldrush] 10/4/2018 09:34

Been watching for a while and just started now with my first buy of 70,000 @11.90. Will top up as events unfold.

Thanks for all the good info on the BB

[horneblower] 10/4/2018 08:36

uapatel, agreed. His last video was priceless with some jaw-dropping percentages (third link in 'Useful Links' in header).
He's like the Cheshire Cat in that his smile remains after the end of the podcast.
Good on yer Steve. Keep on drilling.

[edjge2] 10/4/2018 08:31

Brokers/croakers DYOR. Copper more likely headed to shortage with demand from combustion replacement wiring. But beware of the wireless powering that is beginning with possible elimination of wireing, essential for free moving robots. Electromagnetic radiation a danger with this, cancer etc. Heads up from banyan( part of money and markets that stateside correction over, may make a powerful W. WPY 4% up this am been quietly adding there.
Yes symetrical H&S in evidence here but has visited 11p for gap and I think emotion/updates may prevent completion, whip up possible so ISAd a few already. Copper, silver gold, base metals may be 2018 IMO.
TSX shop may benefit as hammered recently so ISAd too.

[uapatel] 10/4/2018 08:25

I'm definitely no expert or even a geologist, but as long as Steve keeps providing us with updates that confirm our grades and increasing ore amounts we are way under valued.

Good luck all holders

[charles clore] 10/4/2018 08:20

So Libereum thinks the Chinese are going to shelve their plans to produce electric vehicles for the global market? I would think not.

[horneblower] 10/4/2018 08:18

Talk of future copper deficits or surpluses is, imo, a lot of hot air by journalists and uninvolved pundits. The people to ask are the top managers of the largest producers. Their jobs and their companies depend on getting it as right as possible. But don't trust what they say either as it is not in their interest to tell anyone their actual plans.

Hopefully, the EV revolution will boost copper consumption more than is already predicted, however, there will no doubt be reductions in copper usage in electronics as low power chip usage increases.

Recycling copper is already quite a big business...but nobody ever talks about that.

Having said all that, ARS is in a great position with excellent and growing assets, good management, average geopolitical risk and at a good, early stage in development. All great reasons for long term success. GLA

[zho] 10/4/2018 07:58

Highly Geared - I'd agree with that. Was puzzled by Liberum's view because I thought that the concensus was for a tightening market in copper this year, but I've just been told that Liberum are useless.

[highly geared] 10/4/2018 07:53

Interesting counter view to the copper bulls. ARS won’t be producing at capacity at BKM until 2021 so as far as I’m concerned, the PEA holds good. With Beutong possible from 2022-23 that will be in the deficit sweet spot.

Regardless, I’d envisage offers from majors for Beutong from mid 2019 onwards or for the entire company once the scale of Beutong/KSK are known, in the next 12-15 months.

The lot will be worth £500 million+ on a buy out or more if fully developed.
All about playing the long game and seeing the big picture...

[zho] 10/4/2018 07:35

The mining team at Liberum Capital have singled out Asiamet Resources Ltd (LON:ARS) as its pick in a copper sector that is heading into surplus, with the price of the red metal set to slide to US$2.50 a pound by the middle of next year.

[adorling] 10/4/2018 06:08

Due to that lack of spending, the pipeline of copper mines set to come online in the next few years is the smallest seen so far this century, both in terms of number and production capacity, according to BMO Capital Markets. The lack of expected new supply growth from 2019 to 2022 is likely to push the market into deficit, Colin Hamilton, managing director for commodities research at the bank, said in an emailed note. “New copper projects simply aren’t emerging the way they used to, ” he said.

....but we LTH’s of ARS know what copper prices are going to do because our Tony said 2 years ago “we haven’t seen anything yet because when copper goes it really goes”

[monttim] 09/4/2018 23:11

One step at a time. Trading in and out charting can be the tool. However based on fundamentals and a long term outlook we are fortunate we have such an experienced Board and senior management getting the blocks in place. Day by day building our company. They have done all this before with a few previous projects so that’s what makes me keep building my holding position. A couple of p either way can be big money in a big individual short term trade but if you are a long term investor at the end of the day when we have a share price with a 3,5,7 plus, being the front figure that’s what will keep us super happy.

[horneblower] 09/4/2018 22:50

We should all stick with what we are most comfortable with.
God luck to all.

[monttim] 09/4/2018 22:38

Looking at charts with a share like ARS with so much exciting stuff going on is wrought with danger IMO.

[horneblower] 09/4/2018 22:16

You must be confusing me with someone else.
I am extremely positive about both the Dow and ARS over the medium and long term.
Short term we might retrace a bit. My charts in the header have suggested this for some time and I have been calling 23,000 on the Dow for a month. But that's just a short term correction.

[adorling] 09/4/2018 20:21

HB - with respect you seem to be playing it from both sides so one event will happen eventually and you will be right of course. It is like the doom merchants who have been calling a market crash is imminent and have lost out on these past 3 years of rises. As soon as a correction happens they will claim they called it right of course!

[horneblower] 09/4/2018 19:32

No pessimism from me, adorling.
You need to re-read my post.

[adorling] 09/4/2018 19:14

HB & CC - overly pessimistic views from both of you IMO. We have several key newsflow announcements between now and BFS so this is the very best time to be in or buy into ARS IMO. I just cannot see a drop to below 11p at all unless the markets go into a mega meltdown which I doubt also as there is just nowhere to put your money. Who wants to earn 1.25% pa on their cash investment FFS?

[lw425] 09/4/2018 16:26

I agree it's a classic mini head and shoulders.

[charles clore] 09/4/2018 16:18

I think of a retracement to 9.5 as the buying opportunity that I have been expecting for a few weeks now.

[bobby1904] 09/4/2018 15:31

If the future was so easy to predict from a past chart, all chartists would be billionaires!!

[horneblower] 09/4/2018 14:43

The elephant in the room is a well-defined head and shoulders formation floating on a left shoulder which itself was formed with a breakaway gap.

As a chartist I cannot fail to notice these features which usually result in completion back at the bottom of the shoulder, ie. 9.5 to 10p.

The movements of the Dow Jones Index could be the trigger it or delays in announcement of the BFS.

Of course, this does not HAVE to happen. When some fundamental event occurs with greater 'wow-factor', then the chart shape may be blown away. We all hope that this will happen in this case.

If it does happens, a pull-back to 9.5p will not worry me, I will likely use it to become even more overweight in ARS than I currently am.

[lw425] 09/4/2018 14:27

Mr Hornblower

Are you now saying you expect the share price to hit 10p?

Why?

Please update your loyal flock!