Asiamet Resources Share Discussion Threads

[calum] 23/11/2018 07:51

ARS giving shareholders a chance to get complimentary tickets to Mines & Money to meet up with them.

[ic0gcds00] 22/11/2018 20:53

I can remember people saying this when it was at 12p

[monttim] 22/11/2018 19:19

Time to step back in, an absolute steal now at these levels. Risk is so small compared to massive upside potential imo.

[aim0raider] 22/11/2018 14:00

With the long term view of copper and price expectations that are likely to be way above current levels, I've no doubt whatsoever that BKM will be financed.

The small delay in BFS is simply about lowering risk and adding mine life to produce a result so compelling that ARS will be well and truly in the driving seat when negotiating.

[mrpiggy] 22/11/2018 13:08

Excellent, well done kjawoogie, I look forward to your feedback. I expect a northerly direction in the share price next week when our team put a compelling case for investing in Asiamet over.

[kjawoogie] 22/11/2018 12:57

I am going

[mrpiggy] 22/11/2018 11:53

Mines and money should be interesting next week..... any poster going?

[mount teide] 22/11/2018 11:32

The copper majors were burnt very badly during the latter stage of the last copper market cycle - much of it self inflicted as a result of failing to control costs and by recklessly financing new production that quickly proved uneconomic once copper prices declined as the market went into surplus.

If recent market communications are a reliable guide these companies are determined not to make the same mistake again and, are actively demonstrating this by prioritising the rebuilding of balance sheets and enhanced dividend payments over capital investment. As in the oil industry, most new capital investment is increasingly going into projects with low development cost(near surface) and quick payback(high grade ore and low operating cost) - the type of assets that Asia Met is sitting on.

Trade war rhetoric and concern over slowing global growth not the copper market fundamentals is currently driving pricing.

The supply/demand forecast for the next half decade and record low capital investment at this stage of the copper market cycle strongly suggests a long period of significantly higher pricing lies ahead. Similar to that seen during the recovery stage of the last copper market cycle 2000-2008 which saw the copper price rise 498% between 2000 and 2006 while the S&P 500 declined 20%, having been down as much as 50% at the low point of the wider market recession.

Following a 6 year commodity market recession from 1994 to 2000, those who took the view the copper, oil and shipping markets would be dragged down further by the slowing global economy and the recession that hit Western economies following the Dotcom boom, were taught a very expensive lesson during 2000-2008 by the long term, highly cyclical boom and bust copper, oil and shipping industries.

More than 50 years of copper, oil and shipping market history has shown that the reckless investment behaviour of these industries always returns - usually when the short term financial rewards become simply too great to ignore/resist. At the peak of the last shipping market boom the revenue generated from a one year time charter for a capsize dry bulk commodity carrier was equivalent to the new build price of a ship that would have a 25 year working life - such was the reckless clamour to build new vessels the resulting oversupply situation it created ran from 2009 to 2018, and saw vessel charter rates drop an almost unbelievable 98.2% peak to trough and included a period where every ship in the spot market lost serious amounts of money every day for more than 5 years resulting in the loss of more than 99% of the equity of the industry.

Ignore the potential of the recovery phase of long term, highly cyclical boom and bust markets at your investment peril.

[monttim] 22/11/2018 11:03

We will GET our funding and build our mine.

[monttim] 22/11/2018 11:02

Mr P. Couldn’t have put it better myself. The majors and financiers will factor in a rise in copper price starting next year and we will our funding and mine. They plan years in advance not a couple weeks like so many down rampers think.

[mrpiggy] 22/11/2018 09:39

Likewise a longer timeframe hb.

[horneblower] 22/11/2018 09:38

I agree Mr P.
I am still a buyer.
My time frame is long, however.

[mrpiggy] 22/11/2018 09:08

I agree in part with hb but don’t misread his post and think that we won’t get financing for BKM, financiers/majors are not that short sighted to believe that the copper lows we are experiencing at the moment will still exist in a years time.
Majors plan years in advance and know full well there will be a massive copper deficit with corresponding copper prices irrespective of wether China and USA agree a trade deal.
There is much negativity on this board at the moment so don’t let them influence you to hit the sell button.
We will be in an entirely different position this time next year so hold tight to your shares.
You also need to bear in mind that Beutong was not factored into the share price even at the 12p mark let alone other tenements in our portfolio.

[horneblower] 22/11/2018 08:10

I can't agree that the fall in the share price is entirely due to delay in the bfs.
If that were the case the share price of HZM would still be near where it was before they published their bfs un-delayed.
Yet the share price action of ARS and HZM are almost identical.
The common factor that has truly affected both sp's is the price of their mining commodities, copper and nickel.
At current commodity prices, mines are not going to get financed. Hence the drop in the share price
Tony Manini has stated that he expects copper to be above $3 and to continue rising for several years. In normal circs he would be right.
Currently we are experiencing un-normal circs.

[aim0raider] 22/11/2018 06:35

"Buy right, sit tight"

[mount teide] 21/11/2018 23:35

The smart money has been here years and and will continue to be here years!

[buildit1] 21/11/2018 23:15

With thx to Groggy dealer on twitter. being 60% down on its March high has nothing to do with fundamentals as they have just got stronger and stronger. This is purely sentiment-driven and panicking sellers reacting to a delayed FS for which reasons are entirely logical. The smart money comes in now and holds.

[adorling] 21/11/2018 20:59

The Chinese have been cornering the copper market for 12 months now and thanks to Trump tactics have got away with it.

[serratia] 21/11/2018 20:43

I have access to export sales from Chile of copper cathodes and concentrates. Up to Nov 7th by $ value cathodes were up 9.8%, concentrates 9.6%. To get to tonnage I'd need to relate the copper $ price for copper each week.

[cyberbub] 21/11/2018 20:11

Monttim, surely you're aware that trades only go into the Buy or Sell column depending how close they are to the *published* Offer and Bid prices at the time? The reality is that the published prices are often not the real prices, so trades are put into the wrong column. Larger trades are delayed, but are put against Buy or Sell depending on when they are printed, not when they're actually executed. Etc etc. So the Buy/Sell ratio is only ever an approximation. DYOR etc

[aim0raider] 21/11/2018 20:09

https://twitter.com/andreahotter/status/1065313368075055104?s=21Copper deficit.