Asiamet Resources Share Discussion Threads

[monttim] 18/11/2018 09:57

One last thing Mr P! I asked this person where did he contact Peter Bird ... London, Indonesia, Sydney, Melbourne .... he hadn’t replied. Make of that what you will. Enjoy your Sunday. Cheers Mont

[aim0raider] 18/11/2018 09:16

Whilst a bid is a reality, I don't see anyone taking low ball offers like 10p. The larger, longer term holders will fully understand the potential here. What it probably will do, is start a bidding war. Value will return quickly as the copper price seems to be rebuilding, and despite the BFS work taking up to 6 months, we will start to see a picture forming some time before then, based on released results and their location in relation to the existing pit. There isn't a lot to do and people will start to figure out which way it's heading. The RNS last week made it quite clear that everything else is done and updated results just need to be dropped in to the melting pot, then we have the BFS we need to strike a very good deal. Pretty sure we'll see changes faster than people think. That's not to mention the Baroi and Beutong stuff that's bubbling.

[mr roper] 18/11/2018 09:04

Montiim, apart from jpm the rest are 3-4% and below...I seriously doubt they’d be able to fend a bit off. Hence the nervousness from the bod and the acknowledgement of it as a significant risk.

It would be nigh on impossible to fend of a large Indo predator. Look at Finders resources as an example.

[monttim] 18/11/2018 01:52

I wouldn’t worry too much MrR. There are a lot of big shareholders in the wings who would laugh 100 mil out of the park. Management, large shareholders, JPM , you would be amazed at the size of this group who want existing Management to see this through.

[buildit1] 17/11/2018 23:13

$100m would not get my vote nor any other shareholders who understand this company properly!

[mr roper] 17/11/2018 22:25

The problem is that there doesn’t seem to be a big enough shareholder base to prevent any hostile takeover. Hence why mgmt are most likely hoping it doesn’t materialise.

As a potential partner you might think why would you spend 50m taking a chunk of Beutong when a cheeky 100m bid could nab you ksk as well....

[monttim] 17/11/2018 22:01

Any hostile bid would pump the price up immediately and actually restore some semblance of confidence. In other words, if someone wants my stock at a bargain price, stuff them, the true value must be at least double any cheeky bid, therefore I am holding no matter what. I am confident we will get greater value from the existing team. We are only months off partnership and funding issues being resolved, the bigger picture with a TM led recovery seems compelling to me. All the way through the Oxiana development from 4 cents through to above $4.40 there were spruikers talking of of hostile take overs, I am happy we were happy to able to stand on our own during that period. Seriously hope the same can happen here. I think it can.

[simoore89] 17/11/2018 12:28

How do we compare to the likes of MTR and ARCM

[mr roper] 17/11/2018 11:27

Added a few sub 5p. Wouldn’t be surprised in the least to see a hostile bid of 10-12p.

[mrpiggy] 17/11/2018 10:40

Many thanks monttim, have a great weekend too, MrP.

[monttim] 17/11/2018 10:30

Mr P,
An great overview on the whole situation.
Your thoughts are positively in line with mine.
Apologies if any previous comments of mine appeared unnecessarily pointed.
As you say, onwards and upwards.
Have a great weekend, nice weather here in Oz.
Cheers, Mont

[mrpiggy] 17/11/2018 09:31

Many thanks for your response monttim. The track record of messers Manini and Bird go without saying and most investors who have done their research know that it is impeccable and the fact that they have taken their wages via share options is very commendable and does show their commitment to the company. The trade war between USA and China has weighed very heavily on copper prices and is not of the asiamets managements making. However, there was a tipping point when the management realised that they would have to delay the BFS and at that point they should have made contingency plans to support the inevitable share price crash before releasing the news to the market. Investors have been piling in for the best part of a year expecting ( as most of us do) the BKM mine to be very profitable...... ALL of which was sold down. The net result was a tsunami of selling of which the management should have been well aware of and in some part ready for.... instead they looked like frightened rabbits caught in the headlights. I have no doubt at all that given time ARS will be a winner and I would never consider selling any of my holdings until it makes a profit which I find acceptable once we are in production. As an investor I feel I have every right to feel annoyed by the managements lack of understanding of the situation. Anyway, onwards and upwards.

[monttim] 17/11/2018 00:43

Mr Piggy,
You may do well to understand the BOD are well aligned with us and whether they are wealthy compared you has nothing to do with their current skill set in delivering profitable mines in the past and into the future. If Tony Manini is wealthy it may be something about his past successes. We will see him deliver as well. They have put their , as you say, their hard earned , into this. They have not received a salary in lieu of share options. That is clearly a firm and solid commitment. No two ways about it. Maybe cut your losses, anger has no place in investing or trading.

[monttim] 17/11/2018 00:35

Hi Mr Piggy,
Don’t forget that the person who stated they have been talking to Peter Bird and stated the BOD were anxious about a hostile takeover has a proven track record of, shall we say inventing interesting stories.
Oxiana went from 4 cents to over $4 with Tony Manini in charge to a large degree and had many ups and downs along the journey. No different here although AIM is a lot different to the ASX.

[mount teide] 16/11/2018 22:53

Mr P - I am far more interested in Director share purchases on a rising s/p.

The Board hold over 40m shares and incentivised options so they are well aligned with us - particularly with the average price of their share-options currently some 40% underwater.

[adorling] 16/11/2018 22:21

Arab - no of course not but that is because I am not selling any shares as I invested to see ARS produce 25,000T of copper initially. Traders create short term price swings in AIM shares which is crazy given the timelines most miners are working to? Never forget Oxiana went from 30c AUS to an eventual multi billion sale. It also had many setbacks and retraces on that journey. It will happen again under Tony Manini’s stewardship and a lot of real wealth will be created yet again.

After BKM it will be BKZ, BKW, Baroi then Beutong then Carube Copper. All this will be happening when the world will be screaming out for copper and will be paying a fat premium for that privilege compared to todays price.have a great weekend.

[mrpiggy] 16/11/2018 21:44

I concur MT but all you have stated will NOT support/strengthen the share price and if the management think that we are in grave danger of a hostile bid then they need to step up to the plate to avoid the crisis that they in part have made!

[mount teide] 16/11/2018 20:30

Mr P - you could argue by not announcing any incentivised share options this year in lieu of Directors Fees it looks like they have elected to work for the next 12 months for free!

Let's say a combined Board fee cost of £750k that shareholders do not have to fund via cash payment or incentivised share options - that could buy 15 million shares today, or alternatively, at the company's claimed $50 a meter for shallow drilling using their own rigs, it would fund up to 15,000m of drilling. Enough to easily do all of the BKM and BKZ drilling planned for the next 3-4 months.

[aim0raider] 16/11/2018 19:47

Copper up again. Regaining strength.

[snickerdog] 16/11/2018 17:55

There may be issues upon which they are inside on

[mrpiggy] 16/11/2018 17:25

This may sound very simplistic but I refer to the question I posted this morning MT..... why don't they put their money where their mouth is if it's possible to buy on the open market or better still a director buy RNS to strengthen the SP?A large director buy will create new investment interest and a good recovery of the share price which will help reduce the risk of a hostile takeover.

[arab3] 16/11/2018 17:04

are you also pleased about the share price halving?

[adorling] 16/11/2018 16:56

Genuinely pleased to have got rid of so many weak holders & traders today and still finish blue; always hard to watch your share you sold cheap and in a panic rise again to new heights in a matter of months.