Asiamet Resources Share Discussion Threads

[bmcb5] 31/10/2018 09:36

I read the form as Connor, Clark & Lunn Investment Management Ltd have a 1% stake in Barrick Gold. Other than the title, I don't get the connection to ARS.

[dsqjei] 31/10/2018 09:33

What are you trying to say? It is on LSE website under ARS

[fbrj] 31/10/2018 09:28

Don't shoot the messenger but I have a suspicion that the 8.3 notice is nothing to do with Asiamet. First of all the Asiamet name doesn't appear anywhere, the 1.3% ties in with the Barrick shares in issue (1.17bn)and the Can$16.5388 is £9.90 (not 9.9p!). Can$16.5388 is also the Barrick share price.

[hawks11] 31/10/2018 09:26

Good luck to Barrick Gold Corp.

[zho] 31/10/2018 09:26

A question for the pedants among you. If ARS have 937m shares and Barrick have bought 15.1m, shouldn't their stake be 1.6%, not the 1.3% mentioned in the RNS.

[ifthecapfits] 31/10/2018 09:21

Not sure why I got voted down for asking a question - hey ho....happy Halloween!

[mirabeau] 31/10/2018 09:13

Mount Teide - That's very interesting. Thanks

[monttim] 31/10/2018 09:08

With SOLG we have Newcrest and BHP both in there , some say wanting to get their foot in but not necessarily a take over. Interesting none the less.

[jackbal] 31/10/2018 09:06

Very good news re. Barrick imo. Restores A lot of confidence for me.

Will they become the strategic partner? Will the rangold merger affect this?

Lots of positive questions to consider on the back of this development.

Onwards and upwards or least sidewards from here please. The share price slide was becoming depressing

[pyglet] 31/10/2018 09:06

They would have bought these shares prior to the recent RNSs. Why has I taken so long to declare?

[2lb] 31/10/2018 09:02

We are not in a takeover situation - assuming this isn't an admin error.

Barrick are in M&A activity elsewhere and are therefore obliged under market rules to issue a holding RNS for anything they hold over 1% in any other company.

That is not to say it isn't very interesting , especially at the apparent price paid, and therefore there is always the chance they will increase their holding at these levels and then it becomes much more of an option over the coming months / years that they might decide to bid for the lot

[highly geared] 31/10/2018 09:00

If Barrick saw fit to buy at c 10p , hopefully they see fit to buy sone more at 6.3p.

[zho] 31/10/2018 09:00

cyberbub,

Barrick and Randgold are in process of merging, so have to declare any stakes

[mr roper] 31/10/2018 09:00

Because we are not in a takeover situation. Barrick are buying rand gold and have to declare all other holdings above 1% from memory

[cyberbub] 31/10/2018 08:58

Just looked in and seen the 8.3 RNS - what's going on?! If we're in a takeover situation why hasn't there been a separate RNS?

[mr roper] 31/10/2018 08:57

A bhp/Solg scenario would be great.

[sharpshare] 31/10/2018 08:51

Look what happened to SOLG when BHP started buying.

[ifthecapfits] 31/10/2018 08:37

Hostile take over? First purchase of many perhaps?

[tektonik] 31/10/2018 08:26

Topped up again this morning, before I was even aware of the RNS!

[wisteria2] 31/10/2018 08:23

Another rns in the next few days saying that they have increased position to above 3% might just help!

[wisteria2] 31/10/2018 08:15

Interesting development could be back above 9p in no time! yes Mr roper some news from management would. gla

[mr roper] 31/10/2018 08:06

Sure is. Just need to bod to set the plans out in an rns tomorrow to capitalise on the momentum

[bobby1904] 31/10/2018 08:05

Maybe, maybe not but they still bought £1.34m at 10.26p. That is decent news in of itself!!