Asiamet Resources Share Discussion Threads

[costax1654x] 19/10/2018 09:52

What will be the placing price is the question!!!?any thoughts?

[plasybryn] 19/10/2018 09:40

What annoys me is I was told this was a crack Management team with loads of experience.
The Institutional support provided added comfort, but Steve Hughes leaving was a red flag. He was suppose to leave to have time with his family back in Canada and then after a period when people had forgotten about him, he was made CEO of Canube Copper.
I thought at the time there was more to that, but ignored it. They gambled and backed themselves into a corner and have now tried to fob us off with it would be good to do some more drilling. Well guys you have really got to pull something out of the bag now, to get us back on track and restore trust that you aren't throwing us yet another line.
They must be embarrassed in their industry and the I.I. will be jumping up and down. Let's hope that reputation they had can now deliver something extraordinary.

[jackbal] 19/10/2018 09:23

Well after sleeping on this and seeing today’s open I completely concur with HG about the not coming clean aspect. Bod were obviously speculating on higher copper prices to make the bfs “feasable̶1;.

Glad I sold a few yesterday as I think it will be a while before we see 8p again when taking into account the inevitable dilution. (I don’t think the current Beutong uncertainty will encourage a partner in time to avoid a placing).

Another stock in the bottom drawer. Can only blame myself for keeping too much risk on the table in an overall bearish stock market.

Have to say I’m gutted as the bod could have allowed long term holders to de-risk by being more forthcoming and the adsurance of a bfs in a matter of weeks and now this is just completely u acceptable on any level. At least they will be hurting too as a result of recent share price action.

Can only hope that some of the incessant selling above 9p was short selling so that at least the trades will be covered unless forward selling which will provide no consolation.

See you all in a few months, if I had more investable funds I would be looking to accumulate as I believe in a much higher future copper price but shouldn’t risk more than you can afford to lose.

Good luck all and hope nobody is going to face any hardship.

[costax1654x] 19/10/2018 09:16

Many day traders here.A sign of weakness will start selling

[mount teide] 19/10/2018 09:09

HG - pretty much my view - they did't expect the copper price to correct back to $2.75 and when it did held on expecting a recovery back to $3+ by late Q3.

From a shareholders perspective there is no point in taking out expensive finance if most of the longer term benefit of the project is given to the financiers - particularly when the medium/long term copper market fundamentals are flowing strongly in our favour.

Using the next 4-6 months to move more inferred resource into indicated will strongly underpin the investment case particularly now they are actively looking for a partner of substance to fast track the further evacuation and development of Beutong( as this should start to generate some value in the share price for an asset which currently adds little).

Basically, Beutong and KSK are now likely to be developed as stand alone projects - which should improve the investment risk//reward by potentially accelerating the pace of development of Beutong albeit at the cost of some upside potential.

[mrpiggy] 19/10/2018 08:52

Good post HG, good summary of events.... basically they took a calculated gamble in not coming clean with investors and it didn't pay off!

[wisteria2] 19/10/2018 08:49

Well I tried to grab a consolation clip on the drop, but couldn't get any. Had to wait until 5.85p for some.

[costax1654x] 19/10/2018 08:45

Why do I think that a Placing will be under 5.2?

[charles clore] 19/10/2018 08:40

Steady as she goes

[knokke1] 19/10/2018 08:38

L2 is going up and down, bid was taken down to 5.30 and spread opened up before moving back to 5.60 v 5.90, see you all next week and good luck today

[ronconomics] 19/10/2018 08:38

Is that the time or price forecast temmujin?

[edjge2] 19/10/2018 08:35

Looks like a massive market overreaction and yes Impvesta journey lengthened. Not looked at my ARS for a cvouple of days so quite a shock this a.m.

[impvesta] 19/10/2018 08:28

I have to say the reaction on here shows why it is possible to make, and lose, so much money on the stockmarket. We are still heading to the same end point, it will just take a slightly longer time to get there. It's the same management that were the greatest the world had ever seen a few months ago. Chill pills all round required.

[arhaych] 19/10/2018 08:27

Any predictions as to when the CU price will start heading towards $3/lb again?

[knokke1] 19/10/2018 08:26

First shake done? 5.70 v 5.90

[dsqjei] 19/10/2018 08:25

That's just the market. Nothing the company can do about it

[fireplace22] 19/10/2018 08:25

mark, its all in the RNS's. It's a complete change of strategy.

[markth126] 19/10/2018 08:23

Their company has lost half its value in a day. Something as to why would be good. Nothing has actually changed other than a delay in BFS.

[dsqjei] 19/10/2018 08:21

What do you expect them to say??

[john henry] 19/10/2018 08:19

bought @ 5.1p

[arhaych] 19/10/2018 08:18

Wow, I thought yesterday was overdone, stonking bargain, just topped-up.

[mr roper] 19/10/2018 08:16

Bod credibility has taken a beating and it's being reflected in the share price

Monumental year alright