Asiamet Resources Share Discussion Threads

[cyberbub] 01/7/2018 13:17

I agree HB. As long as the share price doesn't go below 10p for any significant length of time, the chart still looks pretty good to me. Copper has hopefully found support at $3 again as well, after what looks like a heavy shorting attack on its chart.

[horneblower] 01/7/2018 13:05

For those who are getting worried about the shareprice, have a look at the last chart in the sliding window in the header. I have updated it and to me it looks rather good.

You may need to view the thread directly in the advfn website rather than the advfn app.

[horneblower] 01/7/2018 12:10

CC I think you're talking nonsense. Nothing in MT's post suggests anything of the kind.

[mr roper] 01/7/2018 11:49

Your holding can only be diluted if they issue more shares. Ultimately, if the capital is used to create value and send the share price up by multiples as it has done in the recent past, you win in a big way.

[charles clore] 01/7/2018 11:15

MT - you are actually inferring that it is not in the best financial interests of the bod for the share price to rise at this point in time. Best to keep the price low until they have accumulated a shedload more. Delay the bfs, stretch out finance negotiations etc. All the time they are getting cheap shares and effectively diluting our holdings.

[horneblower] 30/6/2018 19:11

MT, I fully agree.

Company spokesmen are always asked what their next target is. If they say nothing they are accused of starving the market of information (cf IQE).

If they give a forecast it is bound to be wrong. Sometimes they are too pessimistic but more often they just give their best estimate which, 90% of the time, turns out to be a bit optimistic. So then they are accused of over-promising and under-delivering.

As shareholders we have to make a judgement as to whether the original forecast was too optimistic or just "normally optimistic".

I have no complaints with ARS record so far...even Steve Hughes can be entirely forgiven for his over-optimism. He was just that kind of guy.

[mount teide] 30/6/2018 18:06

Company Directors like Turf Accountants are not generally known for their charity.

So, when you have the totally unique situation since 2015 of a Company Board including NED's taking their entire remuneration/fees in incentivised share options - the market/investment community should take notice, particularly when the Company is run by a management team with a proven track record of success in the industry and, has world class assets in a sector in the early stages of cyclical recovery from the longest recession to have hit the industry in the last 50 years.

It was not particularly well received by some shareholders when i had the temerity to suggest earlier this year that some of the timing milestones of the BKM asset development plan through to first production were probably a little optimistic by up to 12 months - the passage of time suggests to me this continues to be the case.

However, in the overall scheme of things this is just background noise and should be of concern only to those with the investment outlook of the life cycle of a mayfly.


The management continue to carry out what they said they were planning to do in 2018 - namely:

* Further evaluation of of the Beutong Porphyry system to expand the resource base.(Second drill underway)

* Further technical evaluation of the initial 456m interval of the high grade area of Beutong to determine the prospect of a near term, low cost heap leach starter operation.(Underway)

* Initial Mineral Resource Estimate for BKZ (Polymetallic and Copper Zones)- (Completed)

* Increase Beutong shareholding from 40% to 80% (Completed)

* BKM BFS (Imminent - weeks not months away)

* BKM Finance (being worked up)

* Aggressive follow-up exploration to test linkage of BKZ and BKM copper mineralisation together with the new high-priority target - a very large magnetic feature at depth thought to represent an untested porphyry intrusion. ( Application for Forestry Permits submitted)

* Further evaluation of some of the other 8 KSK district targets like Baroi (Application for Forestry Permits submitted)


While we would all like to see every development timetable hit - in this industry reality is often different, particularly when considering the size and scope of the Asia Met asset development plan, size of the management team, level of Indonesian bureaucracy, climate and terrain - many of which are outside the control of management. In such circumstances for this patient investor - the outstanding assay results wherever Asia Met elect to put down their drill bit into the assets more than acts as a soothing balm for any modest timetable slippage.


AIMHO/DYOR

[finncairn] 30/6/2018 15:12

My own personal view is that ARS will be on Rio Tinto's list but currently it's too early for an offer. I think once we have a BFS for Beutong & an up and running mine at BKM ie producing mine then Rio Tinto will come in with an offer. By then you'll also know if KSK connected at depth. Then I'd take 40% over market value.

[mr roper] 30/6/2018 14:32

At 14c/lb that would be 35p a share. How many here would take that? 40% on top gets you to 50p. If that came in the next 3 months I’d take. This time next year they’d need to double it.

[mr roper] 30/6/2018 14:22

I’d think it would be, cyber.

[cyberbub] 30/6/2018 13:55

I would hope that financing completion will be within weeks rather than months of the BFS, personally.

[finncairn] 30/6/2018 12:12

Ok so we have a seller, the only thing that's changed with ARS from a share holders point of view is that you'll have to hold your shares a little longer than expected if your a short term trader. For LTH's nothing's changed. Regardless of the seller the same outcome will still be achieved aka a $1 billion company.

[mr roper] 30/6/2018 11:28

From memory, james’ Option exercise price a fair bit higher than today’s share price as well. Aligned with shareholders

[kjawoogie] 30/6/2018 11:16

Seems a lot of negativity at the moment, nobody likes to see the price drop back, or big news having no reaction whether you bought at 1.4p or 11p or all they way up to that as I have. All I can say is I've met the team and researched the company as best I can. I am more confident now than I've ever been that we will do very well from here. In terms of financing the more you research ARS and see who they are connected to and who has worked for Tony and EMR before the more you can see the connections. Appreciate that if you weren't at the AGM or if you hadn't seen them this week that you wouldn't see this for yourself. I have researched EMR extensively and their advisors and some of these names crop up with ARS. I've met James Deo twice this week. He is an excellent appointment. To hear him talking about his work at oz minerals and how he went from being told when Andrew Cole came in that he would be gone in a month, to later being told by Andrew to name his price to stay - James declined - illustrates how good he is. The really interesting thing he said was how well him and Tony work together. He came in to Oxiana in 2006 which coincided with the huge move in the share price. He said he and Tony compliment each other really well as he brought additional skills in terms of M&A and Tony was great at the Geo stuff. Worth revisiting Jame's LinkedIn profile he mentions strategic partnerships twice. He also has a strong background in investor relations - very useful to have when sitting in front of institutions and majors when discussing BKM and Beutong

[mr roper] 30/6/2018 09:50

Cyber, agree. I expect the financing to be pretty straightforward. Discussions have been underway for some time already.

[mr roper] 30/6/2018 08:30

The third paragraph is particularly salient when we think of ksk and Beutong.

[charles clore] 29/6/2018 23:55

Mr P - I fear the drip-feed seller might be someone just like yourself who got a little impatient with the wait. On the other hand they might be a swing trader who reads the market fairly well and buys and sells accordingly. Chances are they will be buying again a couple of weeks before the BFS is due.

[horneblower] 29/6/2018 23:47

It's a long play and always has been.

[mrpiggy] 29/6/2018 23:35

Many thanks for your input guys,respect to you all!Can you all remember back to May or June of last year when we were all speculating where the share price would be when..... I'm pretty sure we have now worked our way through the list with the exception of the bfs. If my memory serves me well we forecast a cautionary 28p to £1+, if the seller is still around when the bfs lands I fear we will still be around the two bob mark...... very very disappointing!

[cyberbub] 29/6/2018 23:32

I think our understanding is that they are already in mine financing discussions, which will only need 'finalisation' after the BFS, rather than starting from scratch?I would think that any funder with mining experience would already be able to guess the figures in the BFS with a good degree of accuracy.In any case there may not be a lot of traditional equity/debt required? We have been led to believe that BKM will be financed by selling a 40% stake. The financing (especially if it's selling a stake to a state-funded body) should be more straightforward in that case?

[barneycosmo] 29/6/2018 21:46

Mr P, I know It's frustrating. I was lucky enough to buy some shares in the 2-5p range. However I've put most of my money in (when I had the funds) from 10-13p. Mining exploration shares I'm learning are long term plays. I believe in the fundamentals in ARS, like HZM and TLOU (nursing a heavy lose currently with TLOU). However, I will exit if the fundamentals change on the any shares.I would at least wait until the BFS. Best of luck all.

[highly geared] 29/6/2018 20:19

2LB; good post.
The BFS was originally slated as Q1 2018( by the end of March latest).
I think it moved back 3 months due to the extended long column leach tests? But now we are probably looking at the end of July but I wouldn’t be surprised if it slipped into August.

I’m the same as you in that I will buy more if we see silly prices but the market is tired with endless pod casts saying the same thing but providing little in the way of tangible progress.

If they don’t issue the BFS until August then take 6 months to sort out finance, that will be January 2019. 15 months to build the mine ( which will slip and we’re looking H2 2020 earliest for production.)

The assets are there and the BoD have done it before but the message is a little stale now. Personally I’d like to see more aggressive development of Beutong,even if they raise more cash to fund accelerated and more extensive drilling.

I remain here for the end game as it will be rewarding but it is frustrating at times.