Asiamet Resources Share Discussion Threads

[aim0raider] 07/11/2018 10:30

Copper having a go today, let's hope this is the rebuild back to $3.00, then beyond.

[davidspringbank] 07/11/2018 00:01

I've been buying in the 6-7p range and have accumulated 200,000. Nothing's changed, they've still got a world-class discovery, demand exceeds supply, prices must increase. I see this back at 10p, and beyond, when they get their act together. They've done well in the past couple of years from 2p to 14p, back to 5p. Cheap as chips. Back up the truck.

[highly geared] 06/11/2018 19:34

Needs USA mid terms out of the way and a trade deal with China to remove tariffs. Will give markets a boost and Cu price will likely recover. See this happening over next few weeks. ARS need to use what may be a recovery in the CU price to publish a detailed plan for asset development across the piece.Financing BKM in Q2/3 2019 remains the biggie.

[aim0raider] 06/11/2018 19:08

Not a bad thing, heavy selling has stopped. Buyers probably waiting for a sniff of news. Always moves fast when it happens.

[europa79] 06/11/2018 16:51

Woeful volume today.....hmmmmm!

[ifthecapfits] 06/11/2018 15:20

Volume has all but gone - today at least.

[cupidstunt42] 06/11/2018 15:13

Yeah if those promises for the bfs in 6 months don't come true, I'll show them! By losing what little money I have left.

[sos100] 06/11/2018 14:33

came across this video with Steve Hughes-first 10mins and ARS is mentioned briefly
good interview..

[tektonik] 06/11/2018 14:17

Thanks MT, very valuable and reassuring information and have absolutely no reason to doubt its credibility. I haven't heard anything back from the company when I wrote to them last week so am glad you have got a response which has covered some of the points I raised.

Welcoming the fact that significant emphasis has been put on the delivery of the BFS by the end of the 6 month period quoted last month and certainly that institutions have been relaxed about the recent events. To your point around the BKM strip ratio, the team would have known this for months, so begs a few more questions in that respect as to why this wasn't addressed earlier. My guess would be that they were told it wasn't enough relatively last minute.

Looking forward to the "comprehensive" business/operational update - this is their first chance of many to come that will repair their blotched reputations and install confidence back into their shareholders and market.

[dorset64] 06/11/2018 13:26

I would in part agree MT, although to release a BFS based upon current OPEX/CAPEX/$Copper with clearly defined logic/profit behind prevailing copper prices would had also made sense.

If then you can show any prospective investor or partner that, on top of the above their is an 'inferred resources' of circa 30% which, once fully known & understood will increase the investment case even further, would perhaps bring even more investors to the bidding table & increase the price even further?

Hopefully I look forward to everything being answered very soon as Asiamet release their time tables/drilling/funding plans for everyone to view so no more conversations or confusion about the way forward.

By the way MT, thanks for sharing parts of your conversation earlier, its what these boards are for and at times, great at.

[mount teide] 06/11/2018 13:00

The current price of copper is clearly continuing to impact the industry with regard to the availability and cost of capital for new mine development projects.

Reading between the lines - and this is purely speculation - if your preferred source of the majority of the mine development finance is through a partnership( mine would be since an industry player is likely to have a far more informed view of the investment attraction and potential value over the life of the mine, as a result of having a far better knowledge and understanding of the industry and its current fundamentals compared to an investment bank).

Then in such circumstances, should the final BFS technical reports suggest the potential of the inferred resource within the pit shell were so material to maximising the project value from the perspective of securing the optimum deal from a high quality partner - it would therefore suggest that a limited programme of highly targeted further drilling was simply too important to the commercial case not to carry out.

[highly geared] 06/11/2018 11:33

MT, good feedback. It does beg the question why the BOD wouldn’t have realised the c 30% inferrred resource would impact the BFS numbers months back ? Unless the ‘waste’ worked at $3.25 but didn’t at $2.75?
Regarding Dorset’s comments, it seems Management we’re oblivious to the above ( worrying, or too busy with other interests?) or they knew about it and were hoping for a big upswing in the CU Price over the summer to enable the BFS to float...

[aim0raider] 06/11/2018 11:20

From what i understand of the plan, the mention of 'significant' benefit in the recent BKM BFS RNS makes sense.

[mount teide] 06/11/2018 10:37

Had a free and frank 1hr plus conversation with Flowcomms Ltd, Asia Met's appointed UK Investor Relations company yesterday afternoon.

Helped to clarify a number of points covering a range of subjects.

Nothing I heard during the conversation has changed my view that at this stage of the new commodity cycle, project financing via a partnership deal both at BKM and Beutong is the most likely route the company will take. And that the partners will most likely be either Indonesian or Chinese.

Understand that part of the Company's quality management system due diligence review process includes checks on the security/validity of the asset licenses - the last review was carried out a few months back with the various regional and National Government Dept's and found to be entirely in order from the perspective and understanding of both parties. Understand also that the offending parties which put up online material questioning the validity of the operating Licenses of Beutong and a number of other mining company operators in the region has, following local elections been taken down.

A substantial amount of the inferred resource at BKM is inside the pit shell and is currently classified as WASTE with respect to the BFS, thereby inflating the stripping ratio - the additional drilling has the dual aim of moving more inferred resource into measured and indicated while reducing what is an already very low strip ratio.

Management are well aware that shareholders and the market are awaiting a comprehensive operational/business update.

Asked in no uncertain terms for the message that should the next 4-6 months BFS deadline fail to be met - the repercussions with respect to shareholder impatience and angst would make the recent turmoil pale into insignificance - IT WAS WELL NOTED AND WILL BE PASSED BACK IN THE STRONGEST TERMS.

The institutions fwiw are apparently relatively relaxed with respect to the recent news.

AIMHO/DYOR

[dorset64] 06/11/2018 09:31

The Manini5 Nov '18 - 23:07 - 17859 of 17861

'calamitous news release' are you referring to the delay to the BFS Dorset?
=============================================================

Yes in a way, but more specifically, the way that the BoD's looked into the eyes of their employers, thus us shareholders to tell them that the full BFS will be out in days if not weeks, then weeks if not months later still nothing, then holding back one announcement so that they could release a 'good news item' alongside a total change of plan, was to say the least calamitous.

They further compounded the agony to their employers when they then held that ridiculous proactive interview where even a 6 year old child would had performed better.

Add to the above the BFS was full of omissions, like stating clearly the way forward, when it will be done and what, with a few provisos what the outcome could be.

To my mind, if they had any common or business sense between them, they would had released the BFS in full with what they knew at the time, within it they should had stated 'X' would occur with a copper price of $2, same for $2.50, same for $3.0 and for other denominations above $3.5 cents, and then clarified they are going to continue drilling (if need be) to gain even more info & grades/length etc.

Its really not hard to say we have a prospective pay dirt of 'X', and with a copper price of 'Y' we estimate the break even figure will be 'Z'. So with every dollar increase in the copper price we estimate our profits will then be ....

Instead, what they've done is to say to their loyal followers, which still includes me, is OK, we haven't told you but we don't believe the mine is that profitable at under $2.5-$3.0, so while we wait for the inevitable rise in the copper price, we're gonna tell you lot that we need to drill for another 6 months to buy us time so that the BFS shows a huge profit.

And still we await their plans in detail, all the while they keep re-tweeting other people's news grrrrrrrr.....

[aim0raider] 06/11/2018 09:14

I think Dorset means that, although the follow up (or lack of it) is what should be described in that way. Co should have had more detail/a plan out by now.

[haydock] 06/11/2018 08:28

From HZM with thanks.

hxxps://stockhead.com.au/resources/big-investors-are-loving-small-nickel-and-copper-stocks-as-electric-car-market-grows/amp/

[the manini] 05/11/2018 23:07

'calamitous news release' are you referring to the delay to the BFS Dorset?

[charles clore] 05/11/2018 16:35

Dorset - Fred Karno's Army comes to mind!

[dorset64] 05/11/2018 12:22

I first started buying in at under 3p a share, and thought at the time that was a bargain but to be fair, although the price has since shot up to 14p & back down to where we find ourselves today, 6p, the investment case has far more than doubled since the 3p days.

You only have to take a look at what we had confirmed, implied, % ownership's, insit's investments & taking part in placements at far higher prices than today, wider copper outlook & prices, copper stock levels compared to world wide usage and you'll quickly find that you are effectively getting far more whack for your 6p, then anyone did at 3p.

The one niggle still remains that despite the BoD's recent calamitous news release', video interview and the way they handles the change of approach to the BFS, they still continue to post other peoples twitter info all the while, keeping their own shareholders in the dark in relation to the exact plans going forward. When are they going to tell us anything what they are doing with our company?

Come on management, pull your finger out!!

This remains by far my biggest investment.

[davidspringbank] 05/11/2018 11:51

If I thought 6p was a bargain, 5p was an even bigger bargain. Of course, it didn't stay there for long. Lol

[buildit1] 03/11/2018 23:30

Only for the ones that sell out too early or too cheaply.

[riotinted_specs] 03/11/2018 22:08

Good read MT.... does this essentially mean these private equity funds will be swooping in to receive a disproportionately high number of shares for the funding provided whilst diluting ownership of the junior copper mines in which we are invested?

[kjawoogie] 03/11/2018 20:52

As most of us know ARS offers compelling upside from here. I applied a conservative value in ground for Beutong at 4c per lb which is arguably worth closer to 6-8c per lb. Valued BKM at 10c per lb plus broker values for the other assets gives a total potential value of circa £229m v current market cap of £58.6m. I've attached a link to my tweet which has the project pipeline annotated with the value of each major asset and accompanying spreadsheet which also has an upside valuation. https://twitter.com/kjawoogie/status/1058726837243858944?s=21