Asiamet Resources Share Discussion Threads

[mount teide] 31/10/2018 08:02

Up 11% in under a minute - interesting !

[knobbly] 31/10/2018 07:49

Barrick are in the middle of a merger/bid with Rangold. So they must report any interest of any company they have an interest in of more than 1%.

Well that's how I read it. So they are not bidding for ARS.

Calm down

[mr roper] 31/10/2018 07:47

It hasn't been 2.76 for 48hrs. Investing. Com has 2.66/lb


I'd like to see Barrick in as beutong partners. That would be great news.

[zeusfurla] 31/10/2018 07:42

Not my area of expertise but here is rule 8.3 of the Takeover Code referred to in the RNS. Is a potential bid coming?? I am not sure.

[bobby1904] 31/10/2018 07:35

Exchange rate is 1.61 I think so it's over 10.26p per share isn't it? Total value over £1.3m...!

[zho] 31/10/2018 07:34

Only just up after a rotten night's sleep so too befuddled to understand why the declaration at 1.5% (I thought it was holdings above 3%) or how Barrick managed to pay nearly 10p if they bought yesterday. Help welcome ;)

Edit: shows real time prices - price is around $2.67

[simoore89] 31/10/2018 07:31

I have 2.67 on my trading account

[monttim] 31/10/2018 07:31

I get 2.76

[gary1966] 31/10/2018 07:21

Kitco showing 2.76 and so what site are you getting your prices from? Bloomberg I see are showing 2.67, quite a discrepancy.

[mr roper] 31/10/2018 07:15

Great news re Barrick

Gary, no. 2.66/lb currently.

[sithuk] 31/10/2018 07:13

RNS says they paid 16.53CAD (9.9p)?

[sithuk] 31/10/2018 07:11

Barrick is buying in the open market. Game on.

[highly geared] 31/10/2018 07:11

Interesting; Barrick buying in.....

[gary1966] 31/10/2018 07:11

Mr R, assume you mean 2.76/lb

[mirabeau] 31/10/2018 07:07

As Barrick taken a position here?

[mr roper] 31/10/2018 06:58

Decent market bounce but copper got pumped. Now 2.66/lb

[okidokicoki] 30/10/2018 23:51

good read on copper https://www.thestreet.com/amp/markets/how-china-is-shaping-copper-markets-14761310?__twitter_impression=true

[mount teide] 30/10/2018 21:51

Dow surges into the close to finish up 430pts (1.77%) / Nasdaq up 1.56%.

Kevin O'leary explains why Trump is going to get re-elected - he is ripping up business unfriendly municipal, state and federal (EU type) rules and regulations by the barrow load and throwing them in the skip - small businesses are loving it !

The short video interview with him at the CNBC Disruptor 50 Roadshow in Philadelphia is well worth watching for a glimpse at what is going on at the small business level across the US - which overwhelmingly serves the domestic market.


Why Kevin O'Leary, Canadian businessman, entrepreneur, investor and author says Trump has '100 percent' chance of getting re-elected in 2020 - CBNC



Kevin O'Leary said he's going to continue investing heavily in small private businesses in America, because the environment "just keeps getting better."

At the CNBC Disruptor 50 Roadshow in Philadelphia on Wednesday, the financial expert and "Shark Tank" star blamed past administrations' regulation-heavy policies and applauded Trump's push to eliminate the red tape for companies nationwide, facilitating the lives of America's small-business owners.

"Like him or hate him — don't care. But the policy that's come out of there in the last two years has ripped all that stuff out," O'Leary said. "You don't see it; we never talk about that stuff. But it's small things like that that all of a sudden my restaurant business that I invested in — a company called Wine and Design — now we can open up in all these strip malls and sell franchises like crazy because the regulatory environment has changed."

"If you think this administration is getting voted out in the next election, you are 100 percent wrong. Where I go to Amarillo, Texas; Champaign; Urbana; Fargo, his name is painted on the barn, and I see it for miles around. And look, I'm not trying to advocate here for it. I'm just telling you, if you think sitting in Boston or Philly or New York or LA that's America, that's not America. I go to America, and they love what's happening," he said.

"Over the last 10 years the America that I grew up in, and I started my company in, was lost. It was so overregulated and so governed and so punitive for business. And the policy — not the administration and not the past president — the policy that that administration generated in my view was un-American," he said.

He pointed to a restaurant he wanted to open in Aspen. "The frosted glass on the window had to be so many yards from the toilet, and the window had to open so many inches. It was complete chaos in the regulatory environment."

O'Leary said the Trump administration has finally "unshackled the small businesses in America."

He said small businesses will be even happier after feeling the benefits from Trump's tax-reform plan. "That's a benefit that's yet to come," he said.

He knows when he likes an investment, and the current beaten-up stock market meets his requirements. On Wednesday, when both the Dow Jones Industrial Average and S&P 500 saw 2018 gains wiped out, and the pummeling in the tech stocks left the Nasdaq down 8 percent for October, O'Leary was buying.

"I am bullish on the American economy and this too will resolve itself," O'Leary, the Canadian entrepreneur and "Shark Tank" star, said at the CNBC Disruptor 50 Roadshow in Philadelphia on Wednesday afternoon. "To me, this is a garden variety correction, could correct as much as 22 to 25 percent, and if you can time the market, great, but I am just adding to my positions. I did again today."

Channeling his best Warren Buffett "be greedy when others are fearful" quote about when to buy more stocks, and what he sees right now as the "blood on the streets" mentality that can wrongly grip investors, O'Leary added, "Everyone is saying it is over, never going up again .. I'm starting to get that feeling now, and I like it."

The entrepreneur said a historical view of the S&P 500 explains why this correction is happening: the Fed.

During almost every period when the Fed begins to tighten by raising rates — even when there are different reasons for the shift in interest rate policy — the market corrects for at least nine months. He said in these periods, investors don't know if the Fed is tightening because of enhanced pricing power and enhanced profits and high cash flows that will be coming to corporate coffers, or for more negative reasons.

O'Leary's travels as an entrepreneur funding start-ups across the U.S. gives him a more positive view of the situation.

"We are having our best quarter ever, ever," he said.

O'Leary stressed that there are big differences between the small companies he is funding and the stock market, and he is most bullish on new business formation. For one, the market is primarily large-cap companies where 40 percent of revenue comes from foreign markets. That is not an issue his cupcake company has to worry about. "It doesn't sell to China and is having its best quarter ever," he said.

He also said the current Trump administration's regulatory relaxations and tax code changes — which many small enterprises have yet to digest let alone benefit from — make it a great time to start a company in America.

"So yeah, markets go down, but it doesn't matter because at the end of the day, I ... place bets in lots of places."

[buildit1] 30/10/2018 21:44

Mkt jitters. Irrational selling.The assets are still there.Mgt have continued to improve the assets and knowledge of the assets.If we have a tough few months copper price wise mgt will keep doing what they did through the downturn. Small raises and keep proving up the assets.When copper moves higher as it inevitably will in the next 3 years the assets will be ready to yield proper value. No one cares at $2.75. EVERYONE will care at $3.50.$1bn mkt cap here we come.

[pyglet] 30/10/2018 20:49

Another cursed by the podcast! HZM, ADL, BKY now this. BZT on its way and don't hang your hat on PRD either.

[mount teide] 30/10/2018 18:50

The Copper price during October to date has been between 4% and 12% above where it was during much of August and September and between 40% and 45% above its 2016 previous cycle low.

The share-price correction is overwhelmingly related to the poorly communicated BKM BFS 4-6 month delay.

From observing L2 over the last week, its difficult not to form the view that the share-price fall post the BKM BFS announcement is largely the result of highly leveraged traders getting hammered together with some longer term holders locking in profit or trading some of their holding in the expectation of buying it back cheaper.

The collective average price of management's share options is currently well underwater - as of today they and Steve Hughes will have worked for nothing since 2015 - a period during which they will have delivered a 600% return for shareholders and nothing for themselves.

I doubt there is another company on any equity market world-wide which can say the same - particularly AIM, which has a well earned reputation for producing management indulgence and greed second to none.

For a Director of Tony Manini's experience and standing to take all his fees in incentivised share options and to heavily participate in II placings and make very large open market purchases since timing perfectly, his copper cycle low point involvement as CEO of Asia Met, speaks loudly as to his belief in the potential development value of the assets over a 3-5 year view.

Over the last 50 years average copper market recovery cycles have been between 5 and 9 years duration and none saw an increase in demand remotely like the forecast for the next 5-7 years.

Half the world's population is currently urbanising. That's just unprecedented in human history. Couple it together with huge future copper supply challenges - and while trade wars may impact the copper market in the short term, ultimately, it is set up for many long, strong years of commodity demand and shortage of supply.

Manini has spent over 20 years operating in Indonesia a country predicted to be a top-five global economy by 2035, it's modernising and growing quickly with a lot of new infrastructure and a very strong domestic demand-growth outlook; Asia Met's market is on its doorstep.


AIMHO/DYOR

[arf dysg] 30/10/2018 18:32

It might also be time to buy... for those who are feeling super confident.

[rougepierre] 30/10/2018 18:10

Its the copper price stupid....

[dsqjei] 30/10/2018 17:32

Maybe we should be happy as releasing BFS with the current copper price and market conditions would also not have gone well.