Asiamet Resources Share Discussion Threads

[okidokicoki] 18/10/2018 18:11

Think we are in big danger of been bought out for alot less then we are worth majors must be looking how cheap this is at the moment

[jon1962] 18/10/2018 18:05

I won’t be investing here again after this debacle! Don’t trust the lack ( in my opinion)of info from the company leading up to today’s RNS and what, in my opinion might be a leak about the delay in the BFS! Gave me a great opportunity to get out at a relatively small loss (instead of incurring an additional loss of nearly £10K) and put the money in two other companies which have done well since my entry. I wish everyone here still invested great fortune with this company which does appear to have great prospects but I won’t be risking it due to the possible delay in financing as a result of BFS delay

[highly geared] 18/10/2018 18:02

Dorset, spot on. Couldn’t have put it any better.

[dsqjei] 18/10/2018 17:57

No leaks, look at my first post today...

[jmillskeel] 18/10/2018 17:56

Best post I have read in years, unbelievable price action today

[highly geared] 18/10/2018 17:54

Reading between the lines , have discussions with finance and JV partners concluded that BKM isn’t sufficiently large and that they need to come back with a bigger resource/ mine/improved mine life? I say this as they are now looking to test BELOW BKM and BKZ.

Is it about trying to prove a porphyry is there now so it placates the financiers and provides assurance the initial pit can be enlarged and a bigger longer mine developed?

....”Simultaneous with this final piece of work on the BKM BFS, a targeted exploration programme is underway to work up and test a number of high impact targets in the BK district with a view to expanding and updating the BKM project Resource base, extending and further evaluating BKZ and testing several high potential targets below and adjacent to BKM and BKW”....

[cyberbub] 18/10/2018 17:54

Another disappointing thing is that the share price started diving an hour before the RNSes. ARS hasn't been particularly leaky IMO, but it was today!

[ayesha4] 18/10/2018 17:53

I just dont know where these are going from here. AIM is very unforgiving.

[okidokicoki] 18/10/2018 17:42

Think TM needs to get his eye back on Asiamet . Still all the good stuff in the ground and he was very excited about whats under beutong . we need a JV and sharpish. Maybe Newcrest as the have been pushed down the pecking order at solgold

[waterloo01] 18/10/2018 17:41

They need to do a SOLG and sell any placing with BHP et al. They have made the analogy

[gymratt] 18/10/2018 17:40

Sage words, Mr R.

[shanklin] 18/10/2018 17:40

Is a takeover now the best option?

[highly geared] 18/10/2018 17:34

Jon, they did as the selling avalanche started at 10.30. The Beutong article may have triggered it and spooked some but the main fall is due to BKM. BKM was the enabler and value underpin for everything else, it gave you comfort that a mine funded to development would underpin a 10-15p minimum share price. It still does in a fashion but finance is now 9-12 months off, provided they can get it. I’ve repeatedly said that timing was important and the BFS slippage made me concerned as finance will become more different as the macroeconomic markets deteriorate. Despite what MT says, it’s a personal concern.

I’m in a similar position to Ayesha although my average is around 7.5p. Was it only yesterday I was posting on the £ billion company and selling in 2023. Hmmmm... that looks ambitious now to say the least but as others have noted, Tony Manini has serious skin in the game and it’s in his interests for this to come good.

[cyberbub] 18/10/2018 17:31

Lot of delayed trades coming through - there seems to be support in the 6 - 7p range?The intraday chart looks poor though I must say.

[jon1962] 18/10/2018 17:16

I was delighted to get out at approx 9.5 average.The whole situation has a stink about it as far as I am concerned and just makes me wonder now if the seller or sellers had wind of the possible delay in BFS not to mention the social media article!

[ayesha4] 18/10/2018 17:13

AdorlingI have to admire your loyalty and guts. Today has been something else though... cant believe its fallen through the 12 month low

[ayesha4] 18/10/2018 17:04

40k down for what? Utter utter imcompetence

[markth126] 18/10/2018 17:01

Anyone would think that they'd annoucned a disaster... nothing really has changed

[charles clore] 18/10/2018 16:58

Mr R - you mean shouldn't, surely? I think the price will gravitate around 8p until further good news.

[mr roper] 18/10/2018 16:53

There's a credibility gap now. Can't help thinking they should have been fannying around with Caribe copper when there is a big enough job to do here.

[cyberbub] 18/10/2018 16:51

If they thought they might have needed another few mill, why not raise it in the last placing, which was well supported?That sort of mistake (not giving themselves enough cash runway/headroom) is what I associate with half-baked minnows, not the experienced BOD here.After thinking further about it, I think the long term prospects are pretty much the same as before.* The copper at KSK is still there.* The copper price is still likely to be much higher in the medium term.* A 5-10% dilution (if that's all that's needed) is small in the scheme of things.* There is query over Beutong, but the reassurance over the clear legality of the company's position is good - and this asset wasn't priced in anyway.But the risks have certainly gone up now.And we face a frustrating wait.If we find some stability around these levels, and continue to get (generally) positive news, I may well top up.GLA NAI