Asiamet Resources Share Discussion Threads

[fireplace22] 19/10/2018 08:16

How far are they along the road of finding a partner for Beutong? If that's been under discussion for a while, it may be closer than we think despite the low Cu price.

[knokke1] 19/10/2018 08:14

5.00 v 5.20

[tidy 2] 19/10/2018 08:14

In a nutshell what has happened here?

[knokke1] 19/10/2018 08:10

Early doors is down, 6.20 v 6.30

[sos100] 19/10/2018 08:10

latest tweet on ARS website..


AsiaMet Resources
‏ @AsiaMet_Res_ARS
7m7 minutes ago

#ARS Broker updates: Target price reiteration from Liberum of 20p.

Target price reiteration from Arden Partners of 24p.
-----------------------------------------------------------

you couldn't make this up!

[mr roper] 19/10/2018 08:04

Could go up, could go down. I'm keen to see if the institutions are still backing them in the next raise. If they all dip in their pockets I might join them

[mr roper] 19/10/2018 08:02

The podcast struck me as they are not in a particular hurry. Pretty clear that to get the best financing copper being above 3/lb is probably the best thing that could happen here. Very disappointed in the mgmt. Basically they've led shareholders up the garden path with the bfs. The credibility has taken a pummelling. One more move like that will most likely be irrecoverable. Not even a hint of contrition in the podcast. ....days not weeks, by end of this quarter....

[knokke1] 19/10/2018 08:02

Where are we going today? 6.50 (2), 6.30 (1), 6.00 (4) v 6.60 (1), 6.90 (1), 7.00 (3)

[mr roper] 19/10/2018 07:50

Cyber, PB says 2.5 mths then the results. Hence 4-6mths. Would be the first time in history they'd drilled 20 holes in a few weeks.

[temmujin] 19/10/2018 07:49

this will be back up to 9p today...trust me

[cyberbub] 19/10/2018 07:47

Mr Roper I was sure I heard on Vox that the 20 holes would only take a few weeks? How else could they claim to be able to update and issue the BFS in "4-6 months"?

[mcpaulas] 19/10/2018 07:36

Over the next few years we will see copper demand increase 10 fold as it looks like there will be a race to go all electric cars heating etc.Over half of homes in this country will need electrical upgrades to support car charging points.This will involve major infrastructure improvements.The laying of new cables to these homes to support extra loads.Also sub station upgrades and we will need 10 times more power generation than we have today.Who will foot the bill will be a major headache.The cost will run into 100's of billions of pounds.

[guyswonga74] 19/10/2018 07:31

Will share price stabilise?

[cpap man] 19/10/2018 07:23

TSXv:CUC



The new ARS company - with Stephen Hughes et al from ARS



Carube Copper Corp. (CUC) is pleased to report positive new results from its ongoing surface exploration program at the Company's 100% owned Main Ridge Project ("MR") in Jamaica. Further high-grade gold rock chip results have been received from the ongoing detailed mapping and sampling program at MR, which is focussed on a coherent zone of strong gold in soils. The gold in soil anomaly has a minimum strike length of two kilometres and is located along trend of the former Pennants gold deposit.

Highlights of the recent Carube work include:

Three mineralized zones identified and located at Donkey Hill, Mango Valley and Silver Fish prospectsGold mineralization concentrated along dilatational jogs, with recent grab samples (selected samples that are not necessarily representative of the mineralization hosted on the property) assaying up to 19.3g/t gold at Mango Valley12.0g/t gold at Donkey Hill 1.7g/t gold at Silver FishSoil grid completed over the Pennants East prospect area, located east of the former Pennants Gold mine, assays pending

Mr. Stephen Hughes, CEO, commented: "The MR area continues to impress, with our ground validation mapping and sampling confirming the prospectivity of this new gold discovery. We have identified at least three potentially significant gold mineralized quartz vein structures at MR and the Company's geologists continue to identify outcropping quartz and adularia veining along the more than 2km gold in soil anomaly. As the mapping program progresses our understanding of the geological and structural controls continues to grow."

Ongoing mapping at Main Ridge continues to identify high grade gold mineralization associated with a low angle northwest trending structure. High grade mineralization appears to be associated with dilational jogs, developed at the intersection of the low angle northwest structures and cross cutting steeply dipping northeast structures. The width of mapped low angle structures is variable, but locally up to 10 metres in apparent thickness. Historical drill data intersected bonanza gold grades at Pennants (historical resource of 75,500t at 20.4g/t gold (1 & 2)), including individual drill core sample assays above the upper assay limit of 500g/t gold. Two historical holes (MD28 and MD6, Figure 1) were drilled within Carube's Mango Valley prospect area by AusJam and reported 3.1m @ 17.0g/t gold in MD28 and 1.4m @ 2.7g/t gold in MD6 (drill results are historical in nature and have not been independently confirmed(3)).

(1)Published report, Geochemical exploration for gold in Jamaica: A comparison of stream sediment and soil surveys, Geochemistry: Exploration, Environment, Analysis, 4, 161-170, 1 May 2004, authored by Robert G. Garrett, Gerald C. Lalor.

(2)The mineral reserve cited above is presented as a historical estimate and uses historical terminology which does not conform to current NI43-101 standards. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based on reasonable assumptions, they were calculated prior to the implementation of National Instrument 43-101. These historical estimates do not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101; consequently, the issuer is not treating the historical estimate as current mineral resources or mineral reserves.

(3)Data from the above drill results are historical results and it is unknown what type of quality-control programs were performed at the time. The QP also advises that true width of the above results cannot be determined at this time.

[pyglet] 19/10/2018 07:22

New day. Onwards we go

[zebbo] 19/10/2018 07:19

Placing at and around 5p, do we think The market is usually ahead of the PIs

[sos100] 19/10/2018 06:25

Stock will eventually come back to double digits but credibility for time being is out the window.
Looks to me like they've taken there eyes off the ball,surprising given they've taken several mines into production and consider themselves as the 'A' team..

If you say one thing and end up doing a complete u turn then this is what happens,the podcast was hardly that inspiring.
They keep mentioning the m&a activities of other companies and repeating these 20p broker targets, while not focusing on what needs to be done here

They've had several months to do another placing around the 10p levels just like a little contingency plan for unforseen circumstances(trade wars etc)

I hold shares from 1p levels and don't post here that often still believe this will come good but not sure about holding once actually in production..

Surprised at what seems to be a complete lack of knowledge on how the AIM market works..

[ronconomics] 19/10/2018 06:12

Hurting bad.

[adorling] 19/10/2018 06:02

Ayesha4 - we all took some big hits yesterday but if you are a serious LTH then you have to accept that the primary reason we all invested was to see that $40 million free cash flow a year from 25,000T of Cu production materialise at BKM and despite yesterday it is still worth the wait. We then have the excitement of Beutong which will prove the jewel in the crown. Please don’t think The Indonesian Ministry of Mines are going to let a few student protestors destroy future tax revenues and an opportunity for a significant number of jobs get in the way.

I personally added 300,000 shares yesterday at 8.4p, 8.3p and 7.3p so am down on all of them given we closed at 6.25p but am more than content I have bought these additional shares at a good price when I will be looking look back in 12 months from here.

Try to let go of all the anger and focus on your investing learnings from yesterday’s events. If you still believe in copper and the huge global market deficit that will seriously materialise over the next 2-3 years then ARS should be in any mining portfolio IMHO. Good luck mate whatever you do.

[ayesha4] 19/10/2018 01:08

I watched in disbelief all afternoon.Thank you for the positive posts.Tomorrow is another day I guess.

[horneblower] 19/10/2018 01:02

For a share that's still worth 22p this is a pretty price for buying in at imo.