Asiamet Resources Share Discussion Threads

[dav37] 22/7/2018 11:08

What happened to silver mountain results from memory due a couple of months ago

[mount teide] 21/7/2018 22:25

BMO Capital Markets said in a new report "at the current price as much as 10% of global copper production is now unprofitable" - which at least in the short term could see a continuation of the decade low capital investment level of the past 5 years.

BMO expect the amount of copper needed for electrification combined with the slow build of new mine supply will lead to a widening of the supply gap as we enter the next decade that could continue to grow beyond 2025.

"While electric vehicles dominate growth conversations in metals and mining, renewable energy is significantly more important for copper, and expectations of solar and wind installations are continuing to increase. Globally, the number of solar and wind facilities is expected to grow 10-14% through 2025 (and at around 5-7% CAGR through 2040 thereafter),"

Solar is expected to add 2.5 million tonnes per annum to global demand by 2025 and wind 1.85Mtpa, and carmakers are forecast to need an extra 1.5Mtpa by then.

BMO analysts also forecast a 2025-2030 supply gap of at least 5 million tonnes per annum, but say prices should spike next year as the lack of new production bites.

"The current and highly probable copper pipeline is at the lowest level we have seen this century, both in terms of the number of projects and capacity,".

BMO Capital Markets upped its long-term copper price 7% to US$3.25 per pound after running the numbers on renewable energy and electric vehicle demand.

[mr roper] 21/7/2018 12:51

I suspect that when liberum move to the bid we’ll be off to the races..

[mrpiggy] 21/7/2018 11:34

Good morning all!Firstly I would like to thank hornblower for posting his chart, whilst history doesn't necessarily repeat you wouldn't rule it out with the BKM bfs and financing around the corner. A casual observation of the chart shows ALL the spikes came from when the share price hit the lower boundary channel and if history repeats we will be looking at a share price between 18-24p ish on the next leg up. Secondly adorling asked me albeit sarcastically if the falling copper, nickel and zinc prices were down to Asiamet, the answer to that is an unequivocal YES!Whilst it is widely believed that the Russians interfered with the 2016 US elections it was NOT, that was down to Asiamet who got Donald Trump elected knowing full well he would start a trade war with the Chinese causing a temporary slump in metal prices knowing full well the Chinese would take advantage & trigger M&A activity with Asiamet being a prime target!They were also responsible for the gulf war resulting in the world being swamped with cheap fuel so that all major cities choke on the fumes forcing governments to impose a ban on all combustion engines being replaced with EVs. Their boffins are also responsible for the super resistant MRSA strains forcing world hospitals to use copper alloy operating tables, surgical equipment and door handles knowing that the super bugs can only survive minutes on such surfaces. I'm still working on the link but Asiamet are also responsible for the brexit fiasco, the U.K. drought, the shortage of CO2 and ultimately Englands abysmal 2nd half performance against Croatia.... we would and should have gone on to win and beat the French in the final SO ultimately Asiamet are directly responsible for England not winning the Word Cup..... Arrrrgh!!!!Well, you started it Adorling, I was merely pointing out that in my opinion the management of Asiamet knows exactly why all this selling is going on and for obvious reasons cannot disclose it so they fed us with some old tosh about a couple of sellers!

[strummerjon] 20/7/2018 21:31

You betcha man!

[arf dysg] 20/7/2018 19:43

Pure poetry...

...almost like Betjeman.

[the manini] 20/7/2018 16:36

What a fantastic opportunity has presented itself here. It's not too difficult to understand what's going on if you have a little think about it and it presents private retail investors with a real gift. The price will be around 20p-25p by Christmas if not more. If I had more money I would be piling it in here but alas I'm maxed out. Have a good weekend all and as always DYOR and you're own thinking!

[2lb] 20/7/2018 15:51

All great stuff , eases the frustration slightly Ok , 40 minutes of the week to go , place your bets now on which of those minutes a >200k dump will drop I'm going 16:23

[mr roper] 20/7/2018 15:46

Follow the guys who've done it before not the guys who've never done it...

[finncairn] 20/7/2018 15:08

From Twitter Tony Manini talking about Beutong. "It has some sensational results here, it has a central hydrate core, hydrate copper, gold. It's currently at 515MT, it should grow to 750MT over time. Already had a scoping study done on it, excellent infrastructure, importantly you got bichimin road, you've got power station near by, port near by only 60k's away, so big growth copper projects world wide very few of them have this sort of infrastructure close to coast power, water nearby & that's what gives you a very low capital intensity project. This will have a capital intensity of somewhere between 10 to 15 thousand dollars per tonne at annual capacity, most of the new copper projects globally are at 20 to 25 thousand dollars per ton and that's because they don't have the infrastructure, so they've got to build all this infrastructure themselves, so this is a major advantage for this project. There are a number of projects that clearly show this is a competitive project longer term. So just here you see Phu Kham, Phu Kham was recently sold to the Chinese for $1.4 billion in operation at 50 thousand tonnes of copper per year production, Beutong has the capacity to be as good or better than that in due course". After typing all this a Twitter feed has come up "Phu Kham sold for $1.4bn producing 50k tonnes per annum, Beutong has the potential to do 100k tonnes per annum & BKM 25k tonnes per annum" I repeat my view that selling even if it's in a bidding war is not an option right now. ARS must get into production if we are to see the big bucks!

[mr roper] 20/7/2018 12:27

And we get ever closer to the bfs, funding and the news from the two Beutong drills. In or out, you place your bet and make your choice...

[dsqjei] 20/7/2018 11:21

I personally can't see this going below 9p. We've had two pieces of news that help us stay around this level

[jackbal] 20/7/2018 11:00

thanks HB. My strat at the moment is to add weight to the position on every 1p drop. If we go down there it's going to be a very costly one!

[edjge2] 20/7/2018 09:33

Cash reaching limits as gold reaches its super oversold status but another special offer this morning, thanks market. Weird stuff going on here but I'll take the low prices!
Copper likely to follow gold up and some RNS on the way. Crazy time to sell IMO.
Banksters holding copper and gold down until it slips from their grip. Cant be long.

[mount teide] 20/7/2018 09:28

Since the share price hit 10p last Oct/Nov there has been circa 750 million shares traded - close to the entire number of shares in circulation.

Difficult to understand why there should continue be a seller in volume willing to take a price circa 10% below the most recent placing - having been stung before by the shorting of a company prior to a low ball takeover offer - I discount absolutely NOTHING these days.

As Harry Markopolis memorably remarked regarding the underhand behaviour of equity market participants - broker/dealers and institutional investors etc using inside information prior to takeovers and placings for self serving purposes; "Never underestimate their greed!" They like to play with a rigged deck !

[jc2706] 20/7/2018 08:35

It certainly wouldn't be the first time that an asset was valued much more highly as an independent project than the market has assigned value to it in the share price. Particularly on AIM which is not an efficient market by any stretch of the imagination.

[2lb] 19/7/2018 22:43

See what you are saying but it still plays a part in the calculations

[cyberbub] 19/7/2018 22:11

2LB,The share price is largely irrelevant in terms of funding, if ARS management are looking to sell 40% of the BKM project to a local investor?The only thing that matters in that situation is the DCF and hence NPV of the project, which then depends directly on the copper price projection looking forward?(Always assuming that a 40% sale is enough to fully fund the plant construction).

[mount teide] 19/7/2018 21:24

"More video footage from larger ID1800 drill rig where the Beutong Drill Team are pulling up core barrels containing drill core to be sent off for analysis Awaiting results from two holes to see if Mineralisation extends beyond current Resource both laterally & at depth"

From a human psychology perspective, for a management like Asia Met to post those videos on twitter strongly suggests to me that the sections of the drill cores tested to date, are highly likely to indicate that the mineralisation does indeed extend beyond the current Resource.

Although, such a result would hardly be that surprising considering the astonishing success they have had with the drill bit on both assets over the last few years.

[2lb] 19/7/2018 19:26

I think it's fair to say that 10p is a significant level to stay at and just leave it there As pi's we are generally at the bottom of the priority list in respect of the more material activities of a listed company.I'm working out offline what BFS funding at 10p might look like.....

[finncairn] 19/7/2018 19:23

From ARS Twitter page (copy&paste)


"More video footage from larger ID1800 drill rig where the Beutong Drill Team are pulling up core barrels containing drill core to be sent off for analysis Awaiting results from two holes to see if Mineralisation extends beyond current Resource both laterally & at depth"