Asiamet Resources Share Discussion Threads

[lauders] 27/6/2018 02:58

Accroding to slide 12 of the presentation kindly shared previously on this BB I see that it states: Feasibility study well advanced with DFS expected in Q2 2018

So perhaps news today, tomorrow or Friday? Just depends on how accurate those "expectations" are ;-)

[finncairn] 26/6/2018 23:34

With regards to 8p chart comment. From sharepickers.com Nicola (Nic charts #ARS) she did say immediate support is at 11.5p, she also said 12.3p is the resistance level, then further says if we can get a daily close above 12.3p then we will go back to the highs of 14.7p with my target 18.5p. Says 12.3p level is key & that immediate support is at 11.5p but we may go back & support would then be 11p. Now the reason I went back to sharepickers.com was for 1 reason Nicola, Nic charts #ARS (must have been a older one) did state that if 10.25p (Don't quote on exact figure) did not hold then support would be at 9.75p (again don't quote exact figure) she then went onto to say if 9.75p did not hold up look for support at 8.25 - 8.5p. So perhaps this is where the 8p chart comment comes. Hopefully with BFS out in weeks this pushes the share price higher. I'm not one for charts but if that helps anyone cool.

[kjawoogie] 26/6/2018 22:17

"[Our shares were] oversubscribed 500 times," Kapuas Prima Coal president director Harjanto Widjaja said on Monday at the stock exchange building.Kapuas Prima Coal became the 27th company listed at the bourse this year, and the 561st company registered on the IDX.Founded in 2005, Kapuas Prima Coal's main business activities include basic metals mining for processing into iron ore, galena, zinc and silver.Its mining sites are located in Central Kalimantan and the company mainly exports its products to China.https://www.google.co.uk/amp/www.thejakartapost.com/amp/news/2017/10/16/kapuas-prima-coal-shares-see-70-rise-on-idx-debut.html

[cupidstunt42] 26/6/2018 22:12

Very informative, thank you kindly.

[kjawoogie] 26/6/2018 21:55

PANGKALAN BUN JAKARTA (IFT) - A large private company (PBS) engaged in the iron ore mining sector, PT Kapuas Prima Coal (KPC), is expanding its wings, by building a smelter (refining) lead and zinc plant in Central Kalimantan (Kalteng). The processing plant of raw materials of iron ore into finished material was built in the Port of Panglima Utar Tanjung Kalap Bumi Harjo Village, Kumai Sub District, Kotawaringin Barat Regency (Kobar).The plan to build a large factory with a capacity of 20-60 thousand tons is marked by the first stone laying by Kobar Regent Dr H Ujang Iskandar ST MSi and Lamandau Regent Ir Marukan at Port of Panglima Utar Tanjung Kalap Bumi Harjo Village, Kumai Subdistrict, Wednesday (26 / 3).According to President Director of PT KPC Tamrin Simanjuntak, the construction of a smelter factory is one of them to equalize the central government program policy. Especially about iron ore export policy. "Since since the issuing of a new regulation from the central government on the export policy of mining products, we can no longer export raw materials abroad. Rather it must be processed and processed into a ready-made material first. After that it can be exported overseas, "Tamrin said when confirmed after laying the first stone, yesterday.In addition to equalizing the central policy, another objective of building the plant, according to Tamrin, is to raise the economy in the region, particularly in two districts, namely Kobar and Lamandau. So in the future, people in these two districts become prosperous and more advanced."Our business is in two districts. Namely in Lamandau District mining location. While in Kobar Regency where loading and unloading ports, and also later the construction of this factory, "said Tamrin.He explained, PT KPC intention to build this factory later also to raise the local economy and prosper the community. Through the cooperation of utilization of local workforce in two districts to prioritize to fill work in factory. "The smelter factory that we build will be targeted for the initial production capacity of 20 thousand tons per year. It's in the finished form. After that we next target to reach 60 thousand tons per year, "beber Tamrin.Kobar Regent Dr. H Ujang Iskandar ST MSi welcomed the construction of the factory. The regents of these two priests only hoped that the existence of the factory could have a positive impact on Kobar, especially in absorbing local labor in Kotawaringin Barat.The same thing was expressed Regent Lamandau Ir Marukan. According Marukan, Lamandau Regency Government also welcomed with the construction of the factory. Marukan hope that the existence of the plant can contribute to Lamandau regency, especially in absorbing labor in the region. Considering PT KPC's business is in Lamandau Regency.In addition to the Regent of Kobar H Ujang Iskandar and Lamandau Marukan Regent, the first stone laying of PT KPC smelter factory in Peltar Panglima Utar Tanjung Kalap Bumi Harjo Village, Kumai Sub-district, was also attended by local coordination council (FKPD) from Lamandau and Kobar and PT KPC management . (elm / ens)

[kjawoogie] 26/6/2018 21:42

Here is the potential smelter for BKZ tony was referring to and referenced in the BKZ maiden resource -Kotawaringan Barat : It is understood a lead blast furnace is in operation by PT. Kapuas Prima Citra near Pangkalanbun, in Central Kalimantan. An IPO on the Jakarta stock exchange is planned for October 2017 to raise Rp 66 – 93 billion for exploration and infrastructure development. The company owns 30% of the lead smelter that has a capacity of 40,000 ton of lead concentrate feed to produce 20,000 tonnes of lead metal annually. The sister company PT. Kobar Lamandau Mineral is planning to build two smelters with lead output of 40,000 tpa and zinc output of 20,000 tpa in Kotawaringan Barat, also in Central Kalimantan. It is understood the PT. Kapuas Prima Coal Tbk prospectus will show a sister company has a JORC compliant report with defined resource & reserves of some 7 million tonnes of 9% combined lead and zinc in a skarn deposit with a 20 year mine life. The smelter is open to receive ores from other sources.

[mr roper] 26/6/2018 16:41

Normal service resumed. Buys outweigh sells 4:1 and we finish flat lol. Like the good ole days!

[arf dysg] 26/6/2018 13:40

Thank you to everyone for write-ups, snippets and impressions of the AGM.

[mr roper] 26/6/2018 13:30

Well, if your gonna stick your end in the water, be prepared for it to be bitten off lol

[cupidstunt42] 26/6/2018 13:06

Careful Charles, these sharks don't play nice.

[mrpiggy] 26/6/2018 12:59

It's not rudeness Charles, it's a direct question.... I call a spade a spade. I also share any information I find positive or negative!If your charts are showing 8p then please post them and explain how you come to that conclusion. Im not being facetious when I say that, if you have something then prove it!

[knobbly] 26/6/2018 12:51

Not sure if it's been mentioned by others, but at the AGM Peter Bird emphasised that the BFS would be published in weeks, not months.

[knobbly] 26/6/2018 12:48

Charles, if share prices ascended in a straight line then no one would save their money in a building society. Take a look at the 3 year chart in this thread's header; all looks good to me with gains consolidating nicely before the next step up probably on or soon after the release of BKM BFS in the coming weeks.

Concerned with you investment decision? Then why didn't you attend yesterday's AGM?

[mr roper] 26/6/2018 12:44

Nothing fishy at all. Asiamet always has consolidation periods after large rises. This is nothing compared to 2016 where we were under 3p for aeons. I suspect the big drill will be the big kicker as it’ll show up what lies beneath Beutong. That and a financed mine will drive us well on to new highs in H2.

[charles clore] 26/6/2018 12:35

There is something very fishy going on here. Well worth at least taking a look at the contrarian view, if not actually subscribing to it. Mr P - I have not sold out but am only going on what I see in the chart. There's no need for rudeness although I realise that's what piggies do.

[cupidstunt42] 26/6/2018 12:33

There is a new page on Twitter dedicated to Beutong...https://twitter.com/GodzillaBeutong/status/1011350531841974272?s=19

[mount teide] 26/6/2018 12:32

Copper price - after averaging some 20% higher in H1/2018 over H1/2017, the valuations of much of the producing sector is back to where they were at the end of H1/2017 when Copper was averaging $2.60(which was hardly expensive in may cases).

In the case of leveraged play Kaz Minerals it has taken a near 25% decline this month to achieve that.

Is the market anticipating a return of the copper price to $2.60 in the short term or has it created a buying opportunity for that increasingly rare breed within the equity investment community - those with an investment outlook longer than the life cycle of a mayfly?

If the spot copper price does return to the $2.60 level - which is hugely below the minimum threshold to trigger significant capital investment in new production(estimated at $3.25-$3.50), then the copper deficit forecast for much of the next 5 years will likely not only increase but be extended.

Driven by the fear of a trade war(overdone imo), i strongly suspect that what we are currently seeing is the copper market signalling another buying opportunity for long term investors during this latest recovery phase of the commodity cycle.

I remain a buyer here and at CAML and, have started drip feeding investment into high flying leveraged copper play Kaz Minerals which has fallen back sharply to its end of H1/2017 valuation from recent half decade highs in barely a month.


AIMHO/DYOR

[arf dysg] 26/6/2018 12:29

neo 2 6 ((14630)) "Not Indonesia, a very nasty regime the indonesian govt."
cyber bub (14632) "Copper price dropping on trade war fears?"

Both of you should immediately take out a massive short on ARS. Tell us how you get on.

[mrpiggy] 26/6/2018 11:46

Going blue any minute Mr R, can you have your Ping at the ready please!

[pyglet] 26/6/2018 11:32

horneblower
Many thanks again for your notes.