Asiamet Resources Share Discussion Threads

[horneblower] 13/4/2018 09:30

Charts in header updated.

[mr roper] 13/4/2018 09:13

bkz jorcs are due in May.

More likely to get news from Beutong beforehand - interest increase, first assays from the short drill.

or news from bkw/bks....

[jc2706] 13/4/2018 09:12

Give it another week and we should be getting around the timeframe of the BKZ resource statement which should make for interesting reading. Or should I say 'statements' as they have indicated that the polymetallic and copper deposits will be reported separately. The former should have sparkling grades but it is the latter that is probably more significant in the scheme of things as it will be suggestive of more to come with regards to the underlying copper ore body within the BK district.

[horneblower] 13/4/2018 08:50

The back end of next week is where I reckon we will get some action. It is where the chart triangle meets and where, from the previous two triangles, the share price started to rise (see chart in header...which I will update shortly).

[mr roper] 12/4/2018 20:31

Yes.
Liberum 20p
Optiva 19p

[gymratt] 12/4/2018 20:31

Liberum-->20p

Optiva-->19p

[markth126] 12/4/2018 20:04

Are there any broker targets for this out there?

[horneblower] 12/4/2018 17:48

Oki, Whatever the reason they will find it difficult to raise more money except at an outrageous discount. 10p has been touted and I'm afraid that that is likely to be what any underwriter will want. Because of this I suspect the management will try whatever they can to eke out their cash and try to fix a well to get some income in. It will be a slow process and I feel the price is likely to drop further to around the 16p level as time goes by and the cash drains out.
Not a pretty sight and imo to be avoided for the moment.
Sorry for o/t.

[okidokicoki] 12/4/2018 16:49

last time i had some they where 148p so glad i sold . seem to be having a lot of bad luck there.

[mr roper] 12/4/2018 16:14

no confidence in the team running the show there, oki.

[okidokicoki] 12/4/2018 16:13

Anybody following PANR big big drop looks very oversold ?

[lw425] 12/4/2018 14:59

The Mini Head and Shoulders looks on.

What might do it is another set of drilling results which are good for ARS but expected by now.

[pyglet] 11/4/2018 21:51

Get ready for a top up opportunity once the missiles are launched!

[littlemadam] 11/4/2018 15:39

MMs willing to buy 300k of my shares at 11.65p. Not having them, of course. Large buy order in the pipeline?

[littlemadam] 11/4/2018 15:38

MMs willing to buy 300k of my shares at 11.65p. Not having them, of course. Large buy order in the pipeline?

[mr roper] 11/4/2018 06:57

HG, sitting and waiting is the easiest part ;0)

[okidokicoki] 11/4/2018 06:43

I will be happy when we get to digging up this dirt . I really dont want to be taken out by a major i want to watch this company grow and grow would have to be over 70p now to get my vote .

[charles clore] 11/4/2018 01:06

Monttim - agreed, some price guidance from the company in the event of a takeover approach would be welcome.

[monttim] 10/4/2018 23:33

Hey Charles, as time goes on I really think most shareholders will so educated by the Board as to the correct future value of the company they will not be tempted to jump ship at some heavily discounted true value figure. A JV partner coming in would not be such a bad idea although with profits starting to roll in plus some debt funding would be preferable.

[highly geared] 10/4/2018 22:52

Charles, happy with that but mid 2019 when we know the true value of what we’ve got. 50-70p then v possible £1.50 in 2023. Happy to take the former as an 8-10 bagger of my average.

[charles clore] 10/4/2018 22:45

Monttim - the unthinkable alternative would be an industry giant making shareholders an offer that is too good to refuse.

[highly geared] 10/4/2018 22:40

Mr R
I keep coming back to ‘timing’..

Buetong:

PEA - mid 2019
BFS - mid 2019 early 2021
Finance early 2021
Mine Construction 2021-23 (for starter pit).

BKM - late 2019 /2020 Production start.

BKZ - est. 2023-24 production start.

Right in the deficit sweet spot , ARS could be throwing out 80-100k tonnes per annum + zinc/polymetallic. What price CU then $4- 4.50 entirely possible. The profits at this level will be truly enormous and value the company in the $billions.

Of course, we are looking 5/years down the track but that’s the point- the life changing gains will happen to those who can sit / hold and do nothing for the next few years....

However, the next 12 months drilling at Beutong, BKW, BKS, Baroi, Volcano and other satellites will point the way as the District scale of resource becomes apparent. As I keep reminding myself, BKZ has come out of nothing in 6 months and is shaping up to be. $1 billion+ resource in its own right.

When things appear quiet , just keep revisiting the assets and how they might look 3-5 years from now.

The bonus is , within c. 12-15 months , we’ll know what we truly have. So will all the mining majors....

[mr roper] 10/4/2018 21:24

hxxps://www.theglobeandmail.com/investing/investment-ideas/article-trading-giant-keeps-faith-in-copper-despite-rising-trade-tension/