Asiamet Resources Share Discussion Threads

[mrpiggy] 14/11/2018 16:18

All very nice Arf but some have us have neither buckets or thimbles and have to suffer the pain of these falls.

[arf dysg] 14/11/2018 15:58

When it's raining gold, take a bucket not a thimble. - Warren Buffett

If you see a bandwagon, it's too late. - James Goldsmith

One day, many people will see the ARS bandwagon.

[markth126] 14/11/2018 15:24

Well I've added 160k today, greedy when fearful and all that...!

[jackbal] 14/11/2018 14:44

Also gutted. Will accumulate here but that small consolation to the remaining holding and share price devastation this year.

Surprised insti’s and bod haven’t bought any on market shares. Guess they know a placing unavoidable and will fill their boots then. Hope so anyway....

Good luck all, we could with some here

[tektonik] 14/11/2018 14:40

Absolutely gutted I have nothing to top up here, entire portfolio net is down at the moment at an average of 30%.

Still though, I don't panic and believe in my investments - perfectly happy for them to sit there for many years to come, provided the fundamentals don't change.

[buildit1] 14/11/2018 14:39

IR saying on twitter someone has been margin called. He is looking into it to get some more colour.

[buildit1] 14/11/2018 14:36

Couldnt agree more. The share price here discounts a 10 year copper price at $2.75 average and a WACC of 12.5pc just for BKM! Nothing at all for Beutong BKZ etc etc. undervalued?! Just a tad.

[jimbo310813] 14/11/2018 14:34

Any idea what's happened?!

[charles clore] 14/11/2018 14:32

What a fantastic opportunity for all the big investors here to top up. Should be back to 10p in no time imho

[zho] 14/11/2018 14:05

Yes, you're right - - 26-29 November

[buildit1] 14/11/2018 13:55

I thought the company were at mines and money at the end of the month?

[zho] 14/11/2018 13:53

peter3000,

It might be on the 22nd and 23rd November. Asiamet attendedlast year.

[peter3000] 14/11/2018 12:49

When is the mining conference/meeting which the directors are attending. If any shareholders are attending they could hopefully get some answers where we go from here?

[aim0raider] 14/11/2018 12:10

To me, certain words used in the delay RNS suggest that this is partly driven by a potential financier. A lowering of project risk, increasing of resource and mine life.

[highly geared] 14/11/2018 11:18

Agreed Mr P. At least this is a step in the right direction and the assets have gone nowhere and will only increase with further drilling. The last month has been sobering for all shareholders and it simply reaffirms there’s no such thing as a guaranteed bet when it comes to the markets. My anxiety over the summer about them getting the BFS and finance done proved prescient.
Tony Manini has a lot invested here and his paper wealth has gone down 7 figures with the share price ‘adjustment217;. The investment case remains as sound as ever , the timescales have just lengthened a little more.

[mrpiggy] 14/11/2018 10:24

Nice post tektonik, in agreement with most points, especially the point about the slow delivery of this RNS, theres nothing in it I read that couldn't have been delivered a fortnight since to bring stability/confidence and avoid the daily grinding down of the share price its just my take but in my opinion the extra proving up of inferred resources was demanded by the party who will be financing BKM.... the company have stated on several occasions that financing of BKM is in an advanced stage.... then they said it would come after the BKM BFS is released. I'm of the opinion that financing is in the bag as long as the inferred resources can be proved up to measured and indicated ore. A very tepid market response to today s RNS whilst we are in the naughty bin.... it will take some time and great drill results to restore confidence in the ARS management!

[tektonik] 14/11/2018 09:11

Pleased they've finally released some information, albeit later than I would have liked. Some promising information included - the pressing ahead of drilling between BKM and BKZ - with some vague - Baroi forestry permit for instance, seems to be dragging its heels, but at least this has been addressed and "Surface exploration work" is planned.

I'm glad the BOD have narrowed in their focus exclusively on BKM and the wider KSK district - it suggests they are taking this all very seriously and doing everything that is absolutely necessary to maximise the comprehensiveness of the BFS, factoring in the weakness of the current copper price. All of this must unequivocally be delivered in less than 5 months.

Purely my view, but the absence of any reference to Beutong in this release could be quite telling - are the BOD confident of joining up with a major in the next few months to accelerate this potentially monster sized resource and tackle the heavy lifting?

I also completely understand the exclusion of any finance news in this update as I'd suspect news on financing will come post BKM BFS now when the numbers across the board are rounder, clearer, bigger - which they probably need to be in such a poor performing copper environment. The assumption from the BOD here needs to be do absolutely everything possible in BKM to publish a BFS into a weak copper price, (but reflect the relevant returns produced by these fantastic numbers at different copper prices!).

If HZM's BFS is anything to go by (which was very good in my view but hampered by the current Nickel price) then I hope the team is aiming for the absolute maximum possible to firm up the numbers. I'm looking forward to what some of these drills bring us, but they have a maximum of 5 months and the clock is ticking!

[knokke1] 14/11/2018 08:41

5.50 (x3), 5.40 v 5.90 (x2), 6.40

[aim0raider] 14/11/2018 08:28

Should be an interesting few months.

Exciting ones for me, potential Beutong JV and Baroi permit landing.

SH always said he loves Baroi!

[siovey] 14/11/2018 08:02

Lots to look forward to over the next 6 months. If only I had some money left! :-(

[kjawoogie] 14/11/2018 08:00

Presumably because they don't need money at the moment. Using their own drills cost circa $50 per m which is very cheap

[cyberbub] 14/11/2018 07:58

All sounds positive. Do they have the money to do this extra drilling though?