Asiamet Resources Share Discussion Threads

[billyrayvalentine] 19/7/2018 11:53

...now we know why Stephen is gone, PPE offender ;-)

[mr roper] 19/7/2018 11:08

Big drill keep on turning....awaiting results from both drills to extend the resource laterally and at depth...

[mount teide] 19/7/2018 11:00

A statistic the Chinese as the worlds largest consumers and buyers of copper like to keep quiet: In the present decade Chinese copper consumption growth has averaged 131% a year higher than during the decade before known as the Chinese driven commodity 'super-boom'.

In just the last 4 years the tonnage increase in Chinese copper consumption was equal to the tonnage increase for the entire 2000-2009 commodity 'super-boom' decade and nearly double that of 1990-1999.


Global Copper Consumption Growth:

From 10.8m tonnes in 1990 to circa 24.0m tonnes in 2017

+3.4m tonnes / 1990 - 1999 (average growth of 0.34m tonnes per year)

+3.8m tonnes / 2000 - 2009 (0.38m tonnes per year)

+6.0m tonnes / 2010 - 2007 (0.60m tonnes per year)


Chinese Consumption Growth:

+1.6m tonnes / 1990 - 1999 (average growth of 0.16m tonnes per year)

+3.2m tonnes / 2000 - 2009 (0.32m tonnes per year)

+5.8m tonnes / 2010 - 2017 (0.74m tonnes per year)


Source: Energy and Capital

[pyglet] 19/7/2018 10:19

I thought the BFS was supposed to be H2?

[arf dysg] 19/7/2018 09:39

It takes longer than you think.

Note that this rule is recursive.

[mr roper] 19/7/2018 08:56

From the 600m hole, 2lb..yes? Not the biggie. I reckon another 3 weeks for those

[2lb] 19/7/2018 08:38

True enough HGI'm still not seeing BFS this month Beutong assays first to my mind , some time next week

[highly geared] 19/7/2018 08:33

I suppose the copper news articles reinforce the long play nature of ARS. BKM producing 2020-2030 right into the sweet spot on projected copper pricing. Beutong ( if they keep it), 2023-35 etc...

They need to get the BKM BFS out in the next 10 days and follow up with good Beutong deep drill results.

[2lb] 19/7/2018 08:12

I have to say this "new rich period" isn't quite as "newsy" or as "rich" as 'i was hoping for........

Equally , 2018 as a "transformational year" is also not quite what I would have expected in terms of so far transforming 14p into 9p

Ah well , back to sitting and waiting..........

Really would have though the next Beutong assays would have been released by this point.

Copper market clearly not helping although the undertones remain more positive than ever in that respect.......

[mount teide] 18/7/2018 23:48

Well, well - good to see the Wall Street Investment banks finally waking up to the impact that 5 years of chronic under-investmentment is going to have on production growth during the next decade, particularly when combined with falling head grades at existing mines .

'Prepare for a decade of Dr. Copper on steroids' - Citigroup

The bank sees average annual prices at $8,000 a metric ton in 2022, passing $9,000 a ton by 2028 under its baseline scenario.



Copper Prices Are About to Go on Steroids, Citi Says - Bloomberg today




'Recent rout opens up long-term buying opportunity, bank says - Prices may top $9,000 tonne next decade as supply growth slows.

Copper’s slump amid a deepening global trade conflict offers a long-term buying opportunity, according to Citigroup, which shrugged off fears for world growth to boost its long-term forecasts.

“Prepare for a decade of Dr. Copper on steroids,” analysts including Max Layton and Tracy Liao wrote in a July 17 note. The bank sees average annual prices at $8,000 a metric ton in 2022, passing $9,000 a ton by 2028 under its baseline scenario. The metal, often viewed as a barometer of world economic health, closed Tuesday at $6,152 a ton in London.

Hot Metal
Copper poised for multi-year advance on tight supply, Citigroup Inc. says


Copper has spiraled lower in the past six weeks as President Donald Trump upends global trade with disputes involving multiple nations, most critically with No. 2 economy China. But, in the longer term, Citigroup said prices have to rise because the metal is getting much more difficult and more expensive to mine.

“We look beyond the potential trade war to longer-term copper market fundamentals and we find that current prices of $6,200 a ton are nowhere near high enough to enable the market to clear,” the analysts said. “Copper is set to outperform most other commodities under our coverage over the coming decade on a lack of mine supply growth.”

Citigroup’s forecasts from 2023 are based on a new long-term forecast of $7,500 a ton, assuming 2 percent annual inflation, up from an earlier outlook of $7,000 a ton, the bank said. The metal slumped to its lowest in a year earlier this month, after touching its highest since 2014 in June.

The bullish outlook chimes with other analysts and miners who see a supply shortage looming as urbanization and the rise of renewable energy and electric vehicles fuels the world’s need for the metal. Demand can keep growing at an average of 2.7 percent a year through 2030, with new energy sectors and EVs contributing most of the increase, according to Bloomberg Intelligence. The market is entering a long period of deficits starting this year, Citigroup said.


“The overall lull we’re seeing in project development will start to weigh on the market and we’ll start to see supply fall well behind what are relatively conservative demand forecasts,” Daniel Hynes, senior commodity strategist at Australia & New Zealand Banking Group Ltd. said in a Bloomberg TV interview.

“I’m still quite positive on copper in the longer term, but even in the shorter term we’re starting to see some value and concerns around the trade war are overdone.”

Citigroup added a note of caution for the near term in its report, noting that if a full-blown trade war materializes, copper will fall “materially lower before it goes higher again.” Still, that’s not the bank’s base case, and copper should find a floor near current prices as high-cost mines come under pressure in the low $6,000 range, it said.'

[charles clore] 18/7/2018 14:23

Mr P - don't give up yet!

[mrpiggy] 18/7/2018 12:50

Yep, still have my trough at SOLG, it's been moving up over the last few days on little or no volume, someone posted that their broker had trouble with buying SOLG shares but selling was not a problem!I notice that we have had our 1st multiple sell here on Asiamet, 4x 150k..... now that's a heavy shower!

[markth126] 18/7/2018 12:00

Mr Piggy, see the patience is slowly paying off in SOLG, hope you hold still. Slow burn but big results hopefully in time, like this one! Keep the faith

[mrpiggy] 18/7/2018 10:03

Don't be surprised if Goldman Sachs takes a stake in ARS, it would certainly account for the dodgy selling going on as they will want to get in cheaper than J P Morgan. https://www.thetimes.co.uk/article/copper-or-oil-what-to-put-in-your-portfolio-7lltvvwh0

[jc2706] 18/7/2018 09:47

The late trades late yesterday followed the same pattern as the previous day - a triple. Not as clear cut as 3 x sells. I suspect that there is some transferring involved. A similar situation occurred a while ago in BMN but there it was doubles. It is possible that this is one sell, one transfer and one buy which would marry up with what we see in the prices.

[mrpiggy] 18/7/2018 07:39

Here's today's weather forecast for ARS. Today will start out with a little patchy rain followed by plenty of blue sky with the odd shower throughout the day. We can expect heavy precipitation between 4.00-4.30pm and then drying out. Today's temperature will be cool and static as it has been for the last 4 months. Little in the way of wind with exception to hot air blowing from the piggies!

[ryry0707] 17/7/2018 22:51

Does anyone know why we haven't seen a TR1 RNS re the seller? I guess they were never over the 3% threshold

[jackbal] 17/7/2018 21:31

Personally I'm totally relaxed and have almost doubled my core holding exposure with spread bets.

Doesn't mean we shouldn't debate where the selling is coming from though imo.

This one actually is coming home!

[mr roper] 17/7/2018 21:01

Or you could just say that the chart is looking incredibly positive and we’ll be leaving the station very shortly. And if you’re not on board, well...we all know how quickly it moves. It’s been known to double in 8 weeks...

[charles clore] 17/7/2018 20:33

You could even put a positive slant on it by saying the price is being held down by a seller but with a side benefit for those of us who would like to buy more at this level.

[mr roper] 17/7/2018 20:17

Just relax. It’ll all be out of the way shortly, like always, and then we’ll be off like hot sh*t from a shovel.

[mrpiggy] 17/7/2018 19:52

I concur Jackbal, we did indeed have a similar selling pattern last year..... wasn't it just before J P Morgan took a stake in ARS?Hmmmm, definitely something afoot but I wish to Christ they would crack on because it is becoming VERY Booooooooorrrrrrrrrrriiiiiiiiiinnnnnnnngggggggggggg!It was 3 sells at just over 375,000 by the way!

[markth126] 17/7/2018 19:35

Could it be STEVE getting out now he's gone?

[jackbal] 17/7/2018 19:33

I made a number of comments last year about the background selling.

I believed previously and still believe that the share price has a skilled trader holding it down.

It makes no sense that it's a large insider cashing out because if you knew enough in the first place to take such a huge stake I would imagine you would equally know enough now that this is a terrible time to sell large amounts.

Something else at work here and someone's got a foot on the head.

[mr roper] 17/7/2018 19:23

Not all is selling. Bed and isa as well.