Asiamet Resources Share Discussion Threads

[finncairn] 17/7/2018 18:02

"Majors want copper projects but nobody's selling as the true value comes from going into production" 

Tony has repeatedly said ARS true value will come from production & the boards biggest fear is a takeover bid.

If you want the big bucks from all the information going around you do not want any take over bid including a bidding war.

If you want a quick buck then you want a take over bid / bidding war.

Production for me all day long with a JV for Beutong & let's see £'s/share and I don't just mean £1/ share I'm talking £2,3,4/share long term.

[adorling] 17/7/2018 17:24

The LTH seller clearly not out yet by the look of those 2 sells. Likely to be mentally anguished if we are at 15p within a few more weeks. So much big news to come.

[dsqjei] 17/7/2018 16:27

Any another

[2lb] 17/7/2018 16:20

Well , there's the 376k sell bang on cue at the end of the day......

[charles clore] 17/7/2018 16:00

Mr P - there's something big holding it down that's for sure.

[2lb] 17/7/2018 15:21

The cumulative number is now very material Mr P.

Anyone would think it was being held down by a party close to the main player(s) in the funding discussions to get a better deal.......

Seen it done before - accumulate a holding big enough to hammer the price down (at a loss if necessary) whilst you get the real benefit from the mine financing

[duplicate book] 17/7/2018 15:19

News is needed to up the volume. The MM's are taking the sells in quantities that more or less balance the books. If the buying volume increased on good news/updates, then our seller would be cleared a lot quicker, and probably at a higher price!

[mrpiggy] 17/7/2018 15:08

We can talk bullish about ARS all we like but the truth of the matter is our seller/sellers has killed this stock stone dead and until they finally sell out we aint going anywhere, now that may not make good reading but it's the truth. Watch the sells pile in after we close, it happens on a daily basis. As I said before though it is short term stuff!

[gymratt] 17/7/2018 15:00

30k today, showing in the 'sell' column.

[gymratt] 17/7/2018 14:58

Mr P,

It hasn't put me off. Voting machine and weighing machine spring to mind! Meanwhile I'll keep adding.. :@)

[andyforster1] 17/7/2018 14:42

Taken from ceo B.B. bernardshaw Following are my present thoughts, mostly personal conclusions, some based on experience rather than solid facts and little or no insider information.Firstly, it would be fair to say that ARS is a take over target ripe for the picking. I think it is too early to be wanting a take-over as we are at the seed planting stage not ready yet to harvest. All signs point toward a bumper crop and a hungry market place. If a premature offer was to come, how well is Asiamet placed to wave it off if it comes soon. Not so well in my view. The share structure really doesn't have a strong unified base, Insto's like JPM will sell for now not for perceived future value. Their managers will look like heroes with a ten bagger (C50c) = 28.5p. A fair proportion of retail investors will think likewise at those numbers. We are a totally mixed bag and it's impossible to know how this bunch will behave. Then there are Indonesian shareholders; they won't think like westerners.Then there is the question of the Indonesian Government who could gain advantage in the whole scheme of things by putting spanners in the works if an offer comes from someone they like or someone they dislike.Asiamet are very busily trying to get their financing ducks in a row by year's end. I thought that an off-take financing approach for BKM would be the best course of action (see my post dated 18 January) and I still do. That's OK for KSK but what is best for Beutong? I strongly prefer offering a JV to a Major to explore below 500m, initially to earn equity cheaply then expensively if they succeed, with first rights of refusal. I suggest that a Major has no interest in KSK so how do you formulate such a JV? I guess you would have to separate Beutong from KSK.All the while, Asiamet should be focusing on the leachability of the top 500m at Beutong. This material has the capacity to establish a world class short term mine that may or may not interest a Major but would interest me, a retail shareholder.This is where I stand and would appreciate any comments: If an offer was to come now, I would expect the Board to laugh off anything under C60c =34p. If a deal could be done to retain KSK and sell Beutong I would seriously consider C50c=28.5p for Beutong

[mount teide] 17/7/2018 11:23

World's Biggest Miners Want More Copper But Nobody's Selling - Bloomberg today

So what the problem? For a start, nobody who owns a copper mine wants to give it up!




'It’s the mining world’s biggest dilemma: everyone’s hunting for copper deals, but even the richest producers just can’t pull the trigger.

The largest miners all say they’re bullish on copper and looking for growth in the metal that’s forecast to be in ever-greater demand as cities expand and electric vehicles gain traction. The industry has deep pockets for deals right now -- Rio Tinto Group may end the year having raised $8.5 billion from asset sales and rivals like BHP Billiton Ltd. and Glencore Plc are churning out massive profits.

So what’s the problem? For a start, nobody who owns a copper mine wants to give it up. Even when Glencore and Anglo American Plc were crippled by debt during the 2015 commodity slump, neither was willing to entertain an offer from Rio for their holdings in the giant Collahuasi deposit in Chile, according to people familiar with those talks, who asked not to be identified.

When it comes to listed companies, there aren’t that many options -- U.S.-based Freeport-McMoRan Inc. and Canada’s First Quantum Minerals Ltd. are among the only copper-focused producers of any real size.

“Any company with half a balance sheet is not going to be selling a copper asset at this point,” said Richard Knights, an analyst at Liberum Capital Markets. “The only place they can extract value is development assets, where they buy and develop themselves.”

Despite the growing cash piles, mining companies and their investors will be wary of pricey deals after much of the industry got burned by overpaying for assets during the last commodities boom.

Still, copper’s appeal may be tough to resist.

“There’s no question” that both Rio and larger rival BHP Billiton would look at big copper deals, said Knights. “They would have to pay up though, that’s where investor support and and management conviction could waiver.’’

And at the smaller end of the market, Lundin Mining Corp. showed Monday that going hostile might be the only way. The company made a $1.1 billion all-cash offer for Nevsun Resources Ltd., the owner of the prized Timok copper-gold deposit in Serbia, after its previous attempts were spurned.

The copper deal drought: ...................'

[andyforster1] 17/7/2018 11:07

At depth in the BEP, large clasts of potassic altered (biotite, potassic feldspar and magnetite) diorite porphyry with intense stockwork chalcopyrite-bornite mineralisation occur within a diatreme breccia and are interpreted to have been transported from a high-grade potassic core at depth. At 600m-700m depth there is a notable transition to chalcopyrite-bornite mineralisation, similar to the deeper sections of other porphyry systems in Southeast Asia such as the giant high-grade Grasberg Indonesia (Freeport-McMoRan Copper & Gold), Wafi-Golpu PNG (Newcrest Mining) and Tujah Bukit Indonesia (Merdeka Resources) porphyry deposits. Tony is definitely giving this the attention it deserves with the deep drill probably already finished its first target and another two being drilled from the same location. Tony gave a hint in the most recent interview stateing "we've got 2 rigs drilling on Beutong,there'll be more results coming out soon. These are deep holes so they take a little while longer than what we've seen up at BKM but obviously very exciting inner sections, long intervals, good grade, open pitable" read into that as you wish.

[mr roper] 17/7/2018 09:02

hxxps://www.mining-journal.com/copper-news/news/1342500/strike-risk-looms-at-escondida-as-workers-reject-offer

[mr roper] 17/7/2018 08:56

I’d be happy to sell 20% of Beutong for 50-60m at the end of this drill campaign. Then we can take it through feasibility without any more capital raising.

[highly geared] 17/7/2018 08:53

Let’s get Beutong to its full resource potential and a PEA done in the next 12 months then Glencore, Freeport and BHP can make us a ‘too good to turn down’ offer for it. In the meantime,we’ll have BKM about to go into production and KSK starting to reveal its full potential ...

[adorling] 17/7/2018 08:04

Good article Kevin: everyone take note of the last 2 paragraphs!

It’s the mining world’s biggest dilemma: everyone’s hunting for copper deals, but even the richest producers just can’t pull the trigger.

The largest miners all say they’re bullish on copper and looking for growth in the metal that’s forecast to be in ever-greater demand as cities expand and electric vehicles gain traction. The industry has deep pockets for deals right now -- Rio Tinto Group may end the year having raised $8.5 billion from asset sales and rivals like BHP Billiton Ltd. and Glencore Plc are churning out massive profits.

So what’s the problem? For a start, nobody who owns a copper mine wants to give it up. Even when Glencore and Anglo American Plc were crippled by debt during the 2015 commodity slump, neither was willing to entertain an offer from Rio for their holdings in the giant Collahuasi deposit in Chile, according to people familiar with those talks, who asked not to be identified.

When it comes to listed companies, there aren’t that many options -- U.S.-based Freeport-McMoRan Inc. and Canada’s First Quantum Minerals Ltd. are among the only copper-focused producers of any real size.

“Any company with half a balance sheet is not going to be selling a copper asset at this point,” said Richard Knights, an analyst at Liberum Capital Markets.

“The only place they can extract value is development assets, where they buy and develop themselves.”

[kjawoogie] 17/7/2018 07:16

The World's Biggest Miners Want More Copper But Nobody's Selling https://www.bloomberg.com/news/articles/2018-07-16/the-world-s-biggest-miners-want-more-copper-but-nobody-s-selling

[parthus] 17/7/2018 00:17

Dorset:

“WinnerSSSS221;

Since when is ARS more than one share?

What others ? Elaborate immediately ! What did I miss?

I shall look at UOG

Ta

[mount teide] 16/7/2018 20:44

parthus - good to hear the research proved of some value.

The waterfall drop in Capital Expenditure in the Copper and Oil industries over the past 5 years has provided investors in both sectors considerable downside protection. And since H1/2016 when both sectors finally bottomed following a near 7 year decline in prices, a welcome tail wind which should increase as both markets continue to tighten over the years ahead.

[bubblingup] 16/7/2018 20:29

Anyone miss this on Twitter?




More
#ARS Video footage of our new ID1800 Beast of a drill rig operated by a highly experienced team.
We previously announced a Monster hole with our smaller AIDT rig (607m total ending in mineralisation with a highlight of 456.0m at 1.06% CuEq). Both rigs have been hard at work.

0:00
1,299 views
4 replies . 56 retweets 65 likes
Reply 4 Retweet 56 Like 65 Direct message

[dorset64] 16/7/2018 20:18

Parthhs, given my sense of more recently picking winners for you, another Im quite heavy into along with a couple others here, and with quite possibly transformational due in from Jamaica, try UOG. Take a read up, really interesting Co. being developed there and is only 2nd in size of my own holdings to ARS.