Asiamet Resources Share Discussion Threads

[monttim] 26/11/2018 09:35

Recent BOD mistakes will not be replicated. Their experience past and present clearly tells me they are doing everything by the book to restore shareholder value above and beyond the past.

[glasgowkeith] 26/11/2018 09:27

Charles, you contradict yourself --yourr last post--n"o more ofmy money isgoing into this. The bod has let us down badly over the bfs and now it is just a case of sitting it out and waiting. All the glitter has gone."

[mr roper] 26/11/2018 09:23

Suspect quite a few will start adding down here

[charles clore] 26/11/2018 09:07

Was thinking of adding but considering the weakness will wait and see how low it goes

[zho] 26/11/2018 08:36

Yes, this week but "Presidents Trump and Xi will meet in Buenos Aires this week, but it seems neither China nor the US is in conciliatory mood" (Guardian)

[snickerdog] 26/11/2018 08:32

Simon, is not down today, is flat (without wishing to tempt fate!). Interesting that this week has two big potential catalysts - first meet shareholders at the M&M show and the do we not have G20 trade talks at end of week?

[snickerdog] 26/11/2018 08:28

As per their latest presentation all still holding, sure whoever is going to M&M this week can ask

[monttim] 26/11/2018 08:26

Mr P , Excellent summary. Too much staring at the share price hour by hour is the perfect way of losing the understanding of the fundamentals of the company. Tough time for everyone but the turn in the share price will come. Nice synopsis.

[simoore89] 26/11/2018 07:36

This continues to fall... are the ii still on the share register

[cupidstunt42] 24/11/2018 21:53

Thanks for the reassurance Mr P.I thought I was a patient person until my fund went negative, and it started so well!

[buildit1] 24/11/2018 21:48

Well said Mr P.

[mrpiggy] 24/11/2018 20:26

Asiamet has always been my Achilles heel, try not to despair too much Cupid because there are plenty of us who are hurting and badly.
I bought my 1st tranche of Asiamet approx 2yrs ago at around 5p, the following days they fell back to 4.4ish and I was under water for months.
It has always followed the same pattern with me.... I always seem to buy at the top and then they crash.
My pension ISA average is around 12p , my cash ISA around 10p.
I have made it clear to the board I felt about Asiamets mismanagement of the BFS delay but what the hell, we ALL make mistakes in business and I would like to think it will NEVER be repeated.
My faith in our managements ability to turn ARS from explorer to a multi billion dollar copper mining company however has NEVER wavered.
I remember my investment in Solgold turning from a 12p per share investment to just over a penny despite fab drill results and once Newcrest came on board it turned around as it will with Asiamet.
If the asset is there and you have top management with a proven track record then eventually it will come good.
I’m of the belief that Beutong may equal Cascabel in size but will be much higher grade and near surface.
Have faith and most of all patience and you will be rewarded Cupid.
Same with HZM.... it will come good so don’t despair.
Regards,the tenacious Piggy.

[aim0raider] 24/11/2018 12:37

Copper stocks downtrend. https://twitter.com/commoditiesg/status/1065996326888980481?s=21

[lauders] 24/11/2018 03:51

Well I added to my ARS, TXP and AMER holdings yesterday. If the mines to market event goes well next week it would be nice to think we have reached the bottom or somewhere very close. I never thought I would be able to buy under 5p here a few months ago and now I managed to find some cash took advantage of the drop. As a long term hold this should be a rewarding investment, you just never know what is lurking around the corner in the way of positive news (alliance or drilling news before the event next week?) or negative news (discounted placing?) in the short term or taking into account a longer time-frame. You take your chances when they arise and hope it all pays off in the end.

[mount teide] 23/11/2018 23:13

Should the management have needed a placing to complete the 20 or so infill drills at BKM they would have announced it when they announced the 4-6 month deferral of the BFS.

They were fully funded for this year's operations programme and I understand the 2018 drilling programme for both Beutong and KSM has come in under budget.

Since the BKM drilling during the next 2-3 months will be carried out using in-house rigs, it would therefore be surprising if a further fundraising were required before Feb/March at the earliest.

ARS in common with much of the copper sector attracted a lot of hot money earlier in the year when copper hit $3.30 - much of that has since departed as the market experienced its first correction since the Q1/2016 recession low. The junior copper sector after a very strong run from mid 2016 through to Q1/2018 has since corrected by 40%-50% - an over-reaction? Quite possibly, as the copper price is still up close to 50% from the Q1/2016 low - while ARS is up close to 500%.

As to a partnership deal to fast track the development of the assets - i would suggest the optimum time to actively pursue deals is during a rising not correcting copper price environment, particularly one drive by US/China trade tensions.

However, with a deal now looking increasingly possible according to recent Trump tweets, H1/2019 could well see the copper price back in the $3.00 - $3.30 range - if so, its's likely 2019 will see a rapid escalation in M&A and partnership type deals.

[fbrj] 23/11/2018 20:44

Just a minor point - I keep seeing references to the directors not taking fees but paid in options etc. If that is the case what are the "Salaries, consulting fees, pensions and other benefits" amounting to US$600k paid to Messrs Manini, Bird and Hughes showing in the 2017 AR?

[cyberbub] 23/11/2018 19:11

I hasten to add that I have no knowledge of an impending placing - but £2M at 4p would hardly be disastrous, it's only 50M shares, or 6% dilution. If that's what it takes to get us past the BFS and hopefully a return toward 10p, then why don't they just bloody get on with it! JPM will be fuming - but who knows they might take part in a new placing, that would be a big vote of confidence...

[zeusfurla] 23/11/2018 11:48

Calum Well-spotted - my error on cash figure. I looked at the header date in the slide (November 2018) and missed the cash date below. Cash will be down on the £3.0m quoted. However, I think it was MT who quoted the cost of drills ($50/metre?) which is a low figure so cash spend on drilling not likely to be too high. Agree an update would be helpful and may come at next week's mines and money.

[wisteria2] 23/11/2018 11:29

Absolutely Buildit, great opportunity to climb on board, in 6 months time peeps will looking back saying a wish I had got more under 5p....that's my bet gla

[buildit1] 23/11/2018 10:53

Be greedy....

[charles clore] 23/11/2018 10:33

No more ofmy money isgoing into this. The bod has let us down badly over the bfs and now it is just a case of sitting it out and waiting. All the glitter has gone.