Asiamet Resources Share Discussion Threads

[charles clore] 24/10/2018 08:35

Well underwater now and the price action doesnt look good. Copper needs to recover and the bod needs to come clean for this to regain the confidence of the small investor

[tomoneyfox] 24/10/2018 08:31

https://twitter.com/asiamet_res_ars/status/1054994595375915009?s=21

[mount teide] 24/10/2018 08:30

L2: looks like a few shorters are trying to push the share price back down below the 6p area to give those that bought in or reloaded back around the 7.0p to 7.5p area and like to use stop losses a quick 15%-20% one week haircut to have a long hard think about - such is the market psychology of the shorter.

Smaller Hedge funds would't target small caps if it were not consistently profitable - they get their confidence from knowing that 99% of PI's are long only investors and many increasingly use leverage and stop losses - rough data for which is made publicly available via online spread bet and CFD service provider's websites.

It's why most small caps have numerous 15%-20% share price moves each year.

[highly geared] 24/10/2018 08:27

Sentiment has been severely damaged and the BoD need to articulate a clear and detailed plan around the 6 month programme for BKM, BK District and Beutong. They need to do it quickly as the story has gone off the rails ( for the moment).

[snickerdog] 24/10/2018 08:19

Agreed. Probably just some small time traders who don't understand the story

[zeusfurla] 24/10/2018 08:12

Persistent seller back this morning presumably decided to cash in last week's gains. Good buying opportunity.

[uapatel] 23/10/2018 18:06

Mr Roper,

Yes every now and then I shudder when GKP/Mr Kozels story is mentioned and the so called old hands that espoused their words of wisdom on GKP. Lesson truly learnt there. Healthy dose of scepticism is no bad thing when reading things on a BB.

Still here I am, lol.

Good luck all holders

[snickerdog] 23/10/2018 17:53

Pre-meditated plans my fat ARS :)BFS nearly there, Beutong in background and delivered lots there, KSK, copper price and team. All good for me.

[charles clore] 23/10/2018 17:38

Mr R - I still hold about 60% but until my confidence in the bod is restored I won't be buying any more, NO WAY

[mr roper] 23/10/2018 17:29

Charles, gkp was a great learning experience. Since then I have a high degree of scepticism of anyone who talks about knowledge of stuff that might influence sell off etc etc

[charles clore] 23/10/2018 17:16

Mr R - yes I know what you mean. Makes you feel like a rabbit in the headlights innit!

[scarymonster] 23/10/2018 16:41

After being in GKP surely you mean an articulated lorry full of salt. ??

[charles clore] 23/10/2018 16:37

Mr R - I take it you no longer carry the ARS banner

[zho] 23/10/2018 16:18

Mrpiggy,

>>premeditated plan but by whom??>>

I don't know I'm afraid. I'm not signed up for that board so I can't ask.

[mr roper] 23/10/2018 16:15

Take anything printed on a bb with a pinch of salt or maybe a bag of it. Anyone who was in gkp back in the day will know what I'm talking about. You invest, you decide.

[mrpiggy] 23/10/2018 16:12

Many thanks for your post zho. 1st paragraph..... premeditated plan but by whom??

[tektonik] 23/10/2018 15:10

Thanks for sharing zho, lets hope that "looking" translates into "drafting" that operational update for both BKM and wider KSK activities

[highly geared] 23/10/2018 15:00

I don’t have spare cash to invest more at the moment but having not been able to get in sub 5.5p, I’d wait for any T10 trades to unwind and any placing to further fund the BFS to be completed. Let the share find its new level.

[zho] 23/10/2018 14:54

This is from the CEO.CA board. Make of it what you will.

@bernardshaw There are some people out there who will look back on this time as the time they got percents of ARS for free. If I'm not mistaken it is the result of a premeditated plan. It has been so profitable that they will do it over and over for the foreseeable future. Stand firm and have some funds ready or fall by the wayside.
+++++++
And this is from the LSE board, tallying with Kevin A's post above.

A bit of patience required, the team return to BKM and KSK and we will see plenty of news flow soon. I spoke to Sasha who looks after IR for the company and who is very proactive usually, feedback was that the board are looking at an operational update relating to BKM and the wider KSK pipeline of targets in the near term - giving some guidance on exactly what they are going toe up to.

[charles clore] 23/10/2018 13:53

Dorset - good post but, 'Its really not hard to give the interviewer a set of questions posed by shareholders' may be quite uncomfortable for the directors. We have been fed what they want us to know and the truth has been withheld. Why would they want this to change?

This is being sold off hard at 7p. Placing territory?

[dorset64] 23/10/2018 13:22

I'm with you 2LB. The BoD's need to regain the faith and credibility it took decades to earn but to then throw it away in less that 4 hours.

They need to think very carefully how they address shareholders concerns going forward and do not jump in bed with a two bit interview without firstly knowing what to communicate. Its really not hard to give the interviewer a set of questions posed by shareholders, and respond with a precise definition of the way forward.

To release both of the last weeks RNS' within minutes of each other was a pre-planned shambles and even more so when they didn't address the news that they never bothered to tell us of the impending court case, whether legal or not. Instead they tweeted everyone else' news and kept their shareholders in the dark.

Most of the above was last week and now behind us.

What they need to do now is to firstly release a 'project update' as to what they are going to drill, where they are going to drill & when they are going to drill. Added also must be a concise account of finances of how we are to pay for this, is a JV a realistic approach, what the current funds are along with our current & future CAPEX, and this for each asset we have.

Only once they've done this in a professional manner should they even remotely think about ever going on video again or perhaps bring in someone that can speak & address themselves far better than those two did last week.

My faith remains with the BoD's but please, think before taking the next step forward and communicate with your company owners, ie us shareholders.

[aim0raider] 23/10/2018 12:51

For those that missed it, here's the subtle nod that snicker dog refers to:

"As such Asiamet is evaluating various options including partnering to test this deeper potential and more rapidly progress the development of Beutong in the near term."

'various options'
'rapidly progress'
'near term'

[2lb] 23/10/2018 12:45

Thanks to a healthy dose of incompetence in regards of the management of comms a LOT of shares were bought up in the 5.5p - 6.5p range and we can expect to see a healthy amount of these flipped for a short term profit below 7p.

Early Xmas present from the BoD to traders at the expense of the LTH who will now rightly expect something done to restore their own faith.

As TM has often said , it’s not possible / too risky to trade ARS - tell that to those who bought and sold the 80m shares on Thursday and Friday

I want to see a clear plan communicated , and quickly , and a better interview articulating it and setting a few points straight such as the Beutong license