Asiamet Resources Share Discussion Threads

[mr roper] 26/10/2018 13:49

Suspect the visit will coincide with the next placing.

[calum] 26/10/2018 13:35

Yes can see they have a stand - C20 - hxxps://london.minesandmoney.com/wp-content/uploads/sites/15/2018/10/MML-2018-Sales-Plan-16-Oct.pdf

[kjawoogie] 26/10/2018 13:25

I've also bought more today

[kjawoogie] 26/10/2018 13:25

ARS will be at mines and money

[tektonik] 26/10/2018 13:24

We all just have to move on from this grave disappointment I feel. The next piece of news here is far more important now and would expect to be with us very soon.

[mrpiggy] 26/10/2018 10:54

Not even a dead cat bounce here..... jeez.

[davidspringbank] 26/10/2018 10:27

I've just bought another 50,000 at 6.1975p, taking me to a total of 200K, mostly bought below 7p. Cheap as chips.

[mr roper] 26/10/2018 10:22

Lol 2lb, first thing I've laughed about here in the last 3 mths here

[mr roper] 26/10/2018 10:21

Good post,Dorset. Fair play to you on increasing your holding.

[2lb] 26/10/2018 10:21

I am sure the permit will arrive soon.....(all irony intended )

[mr roper] 26/10/2018 10:19

2lb, Baroi. Still don't have the permit. Best they can do is surface sampling...but we already know most of that.

[2lb] 26/10/2018 10:17

I think everyone is looking to the BoD to step up and sort this mess out , to provide clarity and timescales that for once they will actually even get close to.

We can see it is about two things now, getting a partner to fund Beutong drilling and path through to BFS and take BKM forwards with expansion drilling whilst also showing in a few potentially juicy updates from the likes of Baroi.

Nobody doubting the scale and quality of the asset base, or the outlook for the copper market in general - but all the assets in the world need top class management to extract maximum value and that aspect needs a bit of work right now - the danger is it it just starts to look from there outside like TM has just employed his mates over the past year with the net impact of halving the share price.

[mrpiggy] 26/10/2018 10:10

Please please, stop defending the indefensible.
They told us they were the A team and this year would be transformational.
They were in inverted commas THE EXPERTS who have been there, done it before and then took this to BFS clearly too soon.
Some Fuxking experts.
Then the EXPERTS handled the share price crash crisis with bungling incompetence and made the situation much worse.
If you are going to put yourself up as EXPERTS you put contingency plans in place..... now what was the contingency plan?errrm.
Now you all know why there was determined selling on this on every bit of news since late March.

[mr roper] 26/10/2018 10:09

Can't disagree with that,2lb. What's the twitter group saying?

Not seen the co on the Mines and Money roster yet?

[2lb] 26/10/2018 10:03

No issue with the change of plan - but what exactly is it?

We need more detail and regular updates - they clearly changed it some time ago but decided not to inform us until the last minute just in case things changed - that is just poor.

I certainly expect an improved backdrop in 6 months - but if we are at 5p at that point what good will it really do....

[jackbal] 26/10/2018 10:01

I’ve lost a lot on paper here over last couple of weeks and not happy about it but have to say my gallows humour appreciates the “perfect storm” comments that resonated with many of us.

Nobody mentioned a sh*t storm!

[shieldbug] 26/10/2018 09:56

A lot of apportioning blame here. Bod had a plan when the copper price was strong. The price weakened - they changed the plan. In six months the price is likely to be looking increasingly strong if the deficit story plays out.

If the copper price had gone up not down everyone would still be singing the praises of the bod. Not so.

[charles clore] 26/10/2018 09:56

2LB - it's obvious to me their minds are focused on other things. This is no longer a priority for them. They have lost the plot imho.

Now anyone who bought on the dip in the 5-6p range will be twitching.

[horneblower] 26/10/2018 09:55

CC, that's ridiculous.
All mining stocks are in effect high risk plays on their commodity price.
Asiamet's management did what they had to do in the light of the price of copper. You can complain that they delayed in letting the market know early enough but it would not have made any difference; we would simply have slumped earlier. Just watch HZM on Monday in the light of the nickel collapse.

[2lb] 26/10/2018 09:52

It would be nice to know how they have spent the past 8 days since dropping the ball and creating this mess.

Reputation was a big part of the story and right now it is toast.

[mr roper] 26/10/2018 09:51

Cc, I'm down to 20% of my original holding. In the Sipp and happy to leave for 5-10 years and see where it ends up. Wider market issues and my confidence in the bod taking a serious knock put me in cash preservation mode. I've made the mistake before of being fully invested when mkts turn so erring on the conservative side now.

[mount teide] 26/10/2018 09:49

In the half decade to Feb 2011 when copper hit an 11 year high some 500% up from the 2000 cycle low, a huge amount of high production cost new capacity had commenced operations, which drove the market into a strong surplus with high stock levels.

It took a 58% drop in the copper price over the next 5 years to put the market back close to balance - this resulted in the closure/mothballing of a large number of small, high production cost mines, many bankruptcies and the estimated loss of 70% of the industry's equity value.

Below $3 copper a badly beaten up, still recovering copper industry remains interested primarily in rebuilding balance sheets and rewarding hard pressed shareholders by re-introducing suspended dividends or increasing savagely cut back dividends.

The average duration of the last three copper market cycles has been 15-18 years - an investment in the sector at this stage of the latest cycle must be considered a 3-5 year investment as a minimum - this is an investment duration that probably 99%+ of the investment community outside of institutions would never consider today.

Long history has shown for the few with the patience, and nerve to accept the massive volatility of these boom and bust long term cyclical markets, there are exceptional investment returns to be made during the long recovery stage.


Risk Factors specific to Asia Met:

The longer the price of copper stays around the present level the higher the risk of a successful low ball offer for a company like Asia Met. Most of the med/large caps copper miners that post 2013 savagely cut back all exploration and materially reduced their production costs are now generating very good levels of cash at $2.75-$3.00, which increasingly will allow them to pounce on lowly valued junior explorers with high quality near surface development assets. Asia Met's equity is currently valued at just the cash Freeport and ARS sunk into exploration to prove up the assets.

[shieldbug] 26/10/2018 09:47

Copper price drop prompts expansion rethink at top producer

"Bloomberg reports Freeport CEO Richard Adkerson told analysts on the miner’s third-quarter earnings conference call on Wednesday the gloomy outlook and uncertainty is prompting the Phoenix-based company to slow plans for large scale expansion projects despite predictions of a market deficit."