Asiamet Resources Share Discussion Threads

[charles clore] 24/10/2018 10:57

The drilling mentioned by TM and PB last Friday was a broad hint at a fundraising imho. They seemed totally unphased by the share price catastrophe so maybe it has already been agreed.

[horneblower] 24/10/2018 10:13

I sincerely hope we do not have to wait too long for some kind of fundraising. We have some cash to continue limited drilling around KSK and working cap for six months or so. But not enough to perform all the drilling suggested by TM and PB last Friday.

Certainly the directors could partake in any fundraising at the agreed price and that would be good to see.

As for "shorters", they are a myth.
The market is far too thin for that kind of trading. There may well be selling by traders who managed to pick up shares cheaply last week but they will not be making vast profits as it was almost impossible to trade at the extremes of the price movement. I tried, so I know.

[mr roper] 24/10/2018 10:01

They've already told us where we are with bfs and beutong. I can't see any issue that might prevent them buying. They really do need to get their finger out though. Surely if you change strategy on the hoof, you want to communicate on it clearly every week or two to start managing expectations and show that you know exactly what you're doing. Like you'd expect from guys with masses of experience in the game.

[dorset64] 24/10/2018 09:53

Regarding the directors not being able to purchase shares in the open market as they may hold info not in the public realm, it never stops many others doing the same.

That said and we all know the need for near-term fundraising so instead, they could appease shareholders by holding even a small fund raise by where they themselves also pay real money for shares in a placing, and especially if opened up to all existing shareholders.

If they wanted to do something there are many ways to 'crack an egg'.

[davidspringbank] 24/10/2018 09:52

I cannot resist picking up shares below 7p on any 10% fall. I got a bunch at 6.67p this morning. So thank you to the shorters for allowing me to buy cheap shares from weak holders. You know you're gonna regret selling later on.

[mount teide] 24/10/2018 09:43

Arden Partner's analyst sees plenty of upside potential for Asia Met - saying he was far more interested in the latest Beutong drill results since it suggests a potentially "World Class" project - than the BKM BFS delay announced to "refine the project economics".



City broker reckons Asiamet share price can follow same path as SolGold - Proactive

'SolGold’s share price has jumped more than 2,000% over the past three years, and Arden Partners reckons Asiamet has the potential to follow suit

City broker Arden Partners reckons the Asiamet Resources PLC (LON:ARS) share price can follow the same trajectory as fellow copper explorer SolGold over the coming months and years.

SolGold, which is developing the much-hyped Cascabel copper-gold project in Ecuador, has seen its share price rise more than 2,000% over the past three years.

“Asiamet is a relatively unknown gem with the potential for similar gains in its share price as it nears closer to the release of a bankable feasibility study at BKM and further drilling at Beutong,” said Charles Fitzroy, Arden Partners analyst in a note to clients.

Asiamet had hoped to have released the BFS earlier this month, but it is carrying out more drilling at BKM in order to beef up the study.

Fitzroy agreed that the additional drilling will “refine the project economics”, although he was more interested in the latest drill results from the earlier stage but “potentially world class” Beutong project.

“These recent drill results [released on Thursday] show significant mineralisation outside of the resource at Beutong and the deposit importantly crops out at the surface.”

The Arden analyst has a target price of 24p on the stock, almost four times the current 6.8p share price.

Still, he sees the potential for this figure to soar in the future as Beutong is further developed and, as such, has Asiamet as a ‘strong buy’. '

[shareideas1] 24/10/2018 09:39

Doesn't matter - if they are in any sort of discussions then they are not allowed to buy shares - even if nothing agreed!

[charles clore] 24/10/2018 09:34

Mr R - so due to wholly avoidable circumstances we could possibly lose the company for... peanuts then!

[mr roper] 24/10/2018 09:31

They won't be partnering or financing til next year.

[shareideas1] 24/10/2018 09:25

They are likely unable to if they are in possession of material non public information re financing plans and partnership discussions

[horneblower] 24/10/2018 09:24

The rules for director dealing are very strong and often limit directors to buying or selling shares in their own company to very small windows of time.

We have to assume that they are negotiating with bankers/financiers. If so they certainly would not be allowed to buy shares personally at the moment. They could ignore the rules but would almost certainly be heavily criticised if not officially censured for it later.

[mr roper] 24/10/2018 09:23

Wouldn't be surprised to see a 10-15p bid from an Indo co similar to Finders scenario and due to the shareholder structure we wouldn't have a chance to say no.

[2lb] 24/10/2018 09:09

Exactly MT

His options (from memory) are set at 8p, 10p, 12p so why wouldn't you look at the chance to buy a couple of million at 6.5P as an amazing deal??

1) Inspires general confidence in the market
2) Locks away more shares for the longer term.
3) Sends a message to potential ii backers.
4) Shows belief that nothing has changed in the underlying story.

[mr roper] 24/10/2018 09:06

Ceo buying would be good to see as well.

[siovey] 24/10/2018 09:05

Are they trying to hammer t traders here by taking it back down to 5p? Hurting! Lol

[mount teide] 24/10/2018 09:02

2LB - 'looking to the CEO to add materially to his 118k shares in the open market.'

That would be a good call from Peter Bird - with his share options underwater - adding a material chunk via the open market to what he currently holds would be a smart move.

[2lb] 24/10/2018 09:01

At present Newcrest appear to be the most favoured suitor , certainly instead of parterning on Beutong, if I were them I would make a formal offer around the 25p mark for the lot.

Wouldn't rule out some sort of EMR realted activity over the next 6 months either...

[trigger blade] 24/10/2018 08:59

As it stands, I’d settle for getting back to break even, which seemed impossible only a week ago when I was comfortably in profit despite the drop from 14 to 10.

[charles clore] 24/10/2018 08:56

2LB - peanuts = a derisory figure compared to what we have been previously led to believe the company is worth

[arhaych] 24/10/2018 08:56

Would we be confident about staving off a 15p/share bid right now?

[2lb] 24/10/2018 08:53

You would need to define "peanuts" really CC.

Right now I am looking to the CEO to add materially to his 118k shares in the open market.

[charles clore] 24/10/2018 08:50

Im beginning to get a bit concerned about the possibility of a hostile bid. If the price continues to fall we could find the company taken from us by a Chinese major for peanuts imho

[tektonik] 24/10/2018 08:45

This is moving sharply on light trading action, I'm not really concerned, all we can do is sit tight for news or top up.