Asiamet Resources Share Discussion Threads

[arhaych] 30/10/2018 17:17

Can't wait to see the back of October, it's been a grim month.

[highly geared] 30/10/2018 16:59

Just to add, hindsight is a wonderful thing but if original timelines of end Q1 had been met for the BFS when Cu was comfortably above $3.00 I think we’d have had a much better base to work from,albeit the subsequent drop in Cu over the summer may have hindered getting it financed. Timing is everything.

[highly geared] 30/10/2018 16:54

Ifthecapfits, I’d welcome a low ball take over offer. The BOD probably wouldn’t initially accept it but it would put the share price back at levels most can decide whether to stay put or exit at a moderate profit.
I looked at the charts recently to establish whether this could have been foreseen. I don’t think so and an announced BFS with the envisaged decent numbers should have pushed the price back up toward 12p and perhaps seen the chart in ascending pattern.
Individual stock prices are a combination of sentiment and macro markets. Sentiment has been trashed at exactly the time the copper price has retreated considerably.A double whammy but logical as the BFS would likely have been ‘bankable̵7; with Cu at $3.25.
From the past RNS’s , the BFS has been c. 2 years in the making so I don’t buy any excuses about going straight from PEA to BFS. The issue is one of management credibility. We need the Cu price to recover and only then will this look better. Interesting that cash costs to mine in the PEA were $1.49/lb IIRC.

[2lb] 30/10/2018 16:50

Noted - the market conditions are absolutely worth a chunk of the decline , but I'd still class a fair amount as self inflicted

[buildit1] 30/10/2018 16:39

Lol. 8p. Good one Mr R

[buildit1] 30/10/2018 16:38

Is that the same for all the other metals plays which are down sharply over the last 6 months? Or is it mkt sentiment and weaker metal prices?

[mr roper] 30/10/2018 16:36

Lucky you said that 2lb, I'd have been castigated for it

[mr roper] 30/10/2018 16:35

Always a chance or a take private by EMR at 8p....mates rates an all that.

[2lb] 30/10/2018 16:34

Pretty sure it will get back to 10p at some point , as and when it does then it will be graceful exit time - all confidence and trust in management has eroded faster than the MCAP.

[ifthecapfits] 30/10/2018 16:25

What chance a low ball t/o offer?

[mount teide] 30/10/2018 16:23

HG - considering the copper market fundamentals, i would bet serious money that the passage of time will likely show that the 4-6 month delay to the BKM BFS will have had little if any impact on the valuation of Asia Met over a 3-5 year view.

[highly geared] 30/10/2018 16:12

Well, we all knew this was a long term investment for 10x gains (from 10p). Now, it’s a long term investment to get our money back ( at 10p).

[mount teide] 30/10/2018 16:05

zho - thanks - good to see some very high quality research on the copper sector - very much a rarity today.

[zho] 30/10/2018 15:46

The latest pushing of the button and setting off the “copper bomb” owes more to Dr Strangelove than to a grand strategy to maintain control. What do we have here? Seemingly a fit of pique that the US has imposed tariffs on trade with China. So what does China do? Destroy the mark-to-market value of its own holdings of Copper (not that it marks anything to market if it can get away with it). To what effect?
Well, it puts an extended dampener on development and exploration in the Copper space ultimately meaning higher prices down the line for the world’s largest consumer of Copper... China. Nice own goal there.

[scarymonster] 30/10/2018 14:31

Perhaps he misread and thought you meant we were going to 2.6

[mr roper] 30/10/2018 13:49

Wisteria, please explain what's negative in the post.

[ifthecapfits] 30/10/2018 13:06

In for a penny. Bought some more. Hope I don't regret it!

[wisteria2] 30/10/2018 12:05

MT.

BP said it's generating so much cash at the moment that, provided oil prices remain around their current range, the company will pay for its near $11 billion acquisition of BHP Billiton Ltd's onshore U.S. oil and gas assets entirely in cash. When the deal was announced in July, BP had planned to fund 50% of the purchase through equity.

[wisteria2] 30/10/2018 11:44

MT.
$75+ oil over the years ahead is all that seemingly can keep the industry and the many Wall Street Investment banks that lent them the money from very challenging times ahead.
So the price of crude has risen from the $30 a barrel, and is set to rise back towards $100 in the near term!

[mount teide] 30/10/2018 11:34

wist - the USA shale oil industry has borrowed $1.6tn, lost over $300bn to date and is still yet to turn a profit such has been the impact of the US's zero interest rate policy for much of the last decade.

With 8 US interest rate rises over the last two years and more in the pipeline the days of cheap money to underpin the US shale oil industry are now in the rear view mirror.

$75+ oil over the years ahead is all that seemingly can keep the industry and the many Wall Street Investment banks that lent them the money from very challenging times ahead.

[wisteria2] 30/10/2018 11:17

Keep posting your negative slant Mr roper you've been exposed
AIM0Raider
27 Oct '18 - 21:36 - 17663 of 17706
0   15  0



Good luck with that Roper. Two weeks ago you had this as the best thing sliced bread, now you are saying it’s only worth £60m less? Just so happens you are out now.

Risky strategy, as we know it moves quickly, only takes a few drips with regards to a Beutong deal and we are up, up and away.

Latest RNS hints at something, so I’m holding tight.

As Hb has always maintained, it’s a long term play, patience will win in the end.

[wisteria2] 30/10/2018 11:12

Big oil...BP for example has pumped billions of dollars into American fracking oil industry of which can be increased or decreased rapidly in comparison to a 4-5 year plan for deep sea rigs.

[mr roper] 30/10/2018 09:12

Deteriorating copper price would seem to be the biggest issue. Could be set for a retest of 2.6 ish. US markets getting near to some pretty important levels.

[highly geared] 30/10/2018 09:08

Based on HZM’s performance in the last 24 hours, it could be argued that had ARS issued a partial BFS or even a complete one, the affect wouldn’t have been what we all hoped. But having scored an own goal the market has punished the share price.
The latest presentation won’t do a jot for the share price, we need to see concrete action on the ground to get the BFS resolved and a steer on funding options. Ditto Beutong, a concrete strategy to deliver value via a JV.
It’s funny that I expressed my concern in recent months that the longer the BFS dragged on , the concern was around deteriorating markets and the ability to finance the project.....should have acted on my concerns but assumed the board with all its experience , had the matter in hand...