Asiamet Resources Share Discussion Threads

[impvesta] 11/9/2018 22:19

I'm still here too. Believe this to have massive potential and happy to wait for the top notch Board of Directors to deliver a substantial return. Just a case of letting them do what they are good at IMHO.

[okidokicoki] 11/9/2018 21:26

I'm also still here . Never did really post large amounts before but still holding my initial full holding from the 3p days . Looking in all the time to me its a investment not a trade .Hard to look sometimes when the price has dropped from 14p to here but I have faith in the management to deliver and as before when this thing moves it moves very fast very quick . GL all

[cyberbub] 11/9/2018 20:42

The chart is looking quite positive at the moment, to me at least... as long as we stay at or above 10p... let's hope we start to get a run up as the BFS approaches in the next few weeks... GLA

[markth126] 11/9/2018 20:33

Why aren't the majors swooping here then like they are hovering around SOLG.

[highly geared] 11/9/2018 15:18

I’m still here , not posted much recently as not much to say.
My main interest is they get the BKM BFS out and financed before year end.
That way, the investment case at 10p/share is totally underwritten ( barring a prolonged copper price slump) and Beutong/KSK etc becomes additive to the price.

BKM in full production, even accounting for JV/Finance dilution , should be worth 30p/ share.

Prove you can finance and bring your first mine into producing and the rest will naturally fall into place.

Beutong, at 6-10x BKM, taken through the value curve with BKM in the bag will be a good place for investors to be. We should be there early 2019 on BKM, at which point they should start to take Beutong through scoping/PEA. I’m still a little uncertain around how the current limited drilling at Beutong relates to the bigger picture, it tells us there is more there but not sure it’s sufficient for a resource upgrade or something that can be include in a PEA. I suspect it’s aimed at showing a major that it appears sufficient to warrant a JV and to spend some serious cash on an extended and more aggressive drilling programme to earn in a stake and for ARS to accelerate it up the value curve more rapidly than they can by going it alone?

[mr roper] 11/9/2018 15:03

Progress. ..it's what the bod do.

[tektonik] 11/9/2018 15:01

Irrefutable progress, thanks for reminding us MT/Mr R.

[mr roper] 11/9/2018 14:49

News cometh...
Sept
Bkm bfs
Last beutong drill results
Baroi permit?

Q4
Bkm finance
Beutong resource update
Beutong leach results
Additional ksk drilling at bk.
Beutong jv?

[mr roper] 11/9/2018 14:46

Full offer paid for 10 shares. Are the books thin today on L2?

[mr roper] 11/9/2018 14:34

Excellent post, MT. I forsee a doubling a coming shortly

[mount teide] 11/9/2018 14:27

To get a feel for how many of Asia Mets shareholders over the last year have been short term traders - the Advfn board provides some useful anecdotal evidence - go back to Q1/2018 and have a look at the posters around then compared to today and the number of posts per month compared to today.

Q1/2018 contains two months with the highest number of posts this year and saw the share price appreciate 19%.

Since then the share price has fallen 16.5%(with 5 losing months).

Yet, since the beginning of this year what has been achieved to increase the value of the shareholders assets?


* Further evaluation of the Beutong Porphyry system to expand the resource base.(Drilling programme underway with excellent results to date)

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

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

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

* BKM BFS (Imminent)

* 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)

As a long term copper sector investor i'm very grateful the first pullback in the industrial metal pricing post the H1/2016 cycle bottom (oil has already had three pullbacks), has co-incided with reporting of the outstanding progress listed above.

Arguably, Asia Met's most remarkable financial statistic since the new management took over the company in 2015 however, is that they have been able to find top tier II's to support placings at a collective average price at close to a 700% premium to the 2015 low and, collectively totalling nearly four times the then market cap!

Including a recent II placing at an incredible 1200% premium to the 2015 low, totalling nearly two times the then market cap.

Averaging up on the pullbacks as the investment case strengthened from success with the drill bit and countdown to delivery of the BKM BFS has proved a very sound strategy - and will likely continue to do so, considering the huge potential of the assets yet to be fully explored, the prospect of near term low cost production from BKM in a copper market forecast to go into material deficit over the next few 2-3 years, and the current stage of the commodity cycle.


AIMHO/DYOR

[charles clore] 11/9/2018 12:18

Mr R - yes you are right. So it's even worse than I thought because in that case it has to be PIs chucking out the family silver then!

[buildit1] 11/9/2018 12:07

The instis are not even in yet. The JPM money is nat resources fund and they always get in earlier stage than broader insti funds who will get in once cashflows or very firm to be cashflows which a BFS identifies are in place. Once the BFS is published and financing arranged and Berenberg initiate proper traditional instis will buy in and that in itself will take the stock higher.

[mr roper] 11/9/2018 11:54

You've lost me, Charles. Our Institutions have been there from the start with the exception of jpm who've dipped their toe for 8% of the co.

[charles clore] 11/9/2018 11:43

Mr R - it's a pity the institutional market is not nearly as good at holding on to potential winners as we are!

[mr roper] 11/9/2018 11:28

Don't see free port or finders at a discount because of indo. Is it really worse than Congo, Car or some of these African war zones. Nope, didn't think so.

Mr P aa you say. It'll go soon. Miners are in a short term bear aa part of a long term bull. Looking at glencore now..yield getting near 6%! Even if the US do them it'll no doubt be a bn dollar fine which Glen could swallow without batting an eye.

[shareideas1] 11/9/2018 09:39

Likewise have been adding - certainly don't disagree its undervalued ...

[buildit1] 11/9/2018 09:16

Lets not forget Finders resources similar project in Indinesia to BKM valued at EV $254m. Thats just BKM!! Nothing for BKZ, Baroi and rest of KSK let alone the Beutong beast. ARS is ridiculously undervalued even allowing for Indonesia discount. Hence why I have been adding all summer on the weakness.

[shareideas1] 11/9/2018 09:01

Totally agree - relationships key and that's why I own a lot of this... but I think realistically Indo politics is why the valuations won't fully converge with peers... still plenty of upside!

[charles clore] 11/9/2018 08:59

Are any of the other Indonesian copper miners trading at a discount to the copper market? That would give an indication as to the accuracy of shareideas' theory.

[buildit1] 11/9/2018 08:52

Thats why you need strong relations in country and a history of making indonesian partners wealthy on previous projects. TM has that with 20 years experience in country. There is an indonesia discount I agree v peers but this will close significantly as Asiamet prove they can get things done in Indonesia. They have secured tenure on KSK for 50 years and the production licence on Beutong as well. An indonesian partner (at fair price to buy in) and funding will help close the valuation gap significantly in my view.

[mrpiggy] 11/9/2018 08:51

Q. Does this sound like the type of guy who would spend years of his life on a non starter without taking into account the Indonesian governments stance on their own natural resources?http://www.austmine.com.au/News/category/partner-events/case-study-presentation-tony-manini-ceo-amp-md-tigers-realm

[shareideas1] 11/9/2018 08:37

It's not the current arrangement that is the issue, but rather the governments propensity to change the rules mid game...

[mrpiggy] 11/9/2018 08:32

Perhaps shareideas1 but to my mind it is unjustified. Yes the have to sell 55% of the company shares to an Indonesian party but that's after all investment in infrastructure has been recovered and 10 yrs after first production and AT FAIR MARKET VALUE. That may also change as we get nearer mining. Fact of mater is Asiamet is sat on enormous copper resources and the world needs those resources.