Asiamet Resources Share Discussion Threads

[kjawoogie] 27/11/2018 07:39

Nice to see such a thoroughly well researched post. Just in case you didn't get it I am being ironic

[sharekitchen1974] 27/11/2018 07:29

I bet a lot of those 2011 placing shares are now sold of loaned out at much higher prices judging by all the rampers on here. My 2p target is actually not that far away now. Soo many shares in issue here and more to be issued on the cheap soon will inevitably lead to a future share consolidation IMHO

[kjawoogie] 27/11/2018 06:53

Thoughts from my meeting with Tony and Peter at Mines and Money:Peter and Tony were in a positive but balanced frame of mind and clearly disappointed with current share price. Mentioned the market is hard and trade war has cooled the copper price off - the money that took copper to $3.30 came off the table as soon as Trump trade issues started. TM view was that China's copper demand wasn't going to materially slow down they are greening their economy - they have no choice. BFS work ongoing drilling complete early jan then subject to further work to input into feasibility. Timescale as per recent RNS to complete work Clear no concerns over Beutong have good title as per RNS.Tony was careful in what he said as we know there is a lot of interest in the company. He mentioned the team are off to Indonesia and China. Maybe that is to try and draw some of these chats to a head. Lots of hot spots around KSK presenting opportunities for new targets like BKZ. Without mentioning timelines said permitting process in Indonesia has improved hugely over last 12 months. No timescale given on Baroi but seemed positive. I asked Tony what he thought about Baroi in terms of where it ranked against their suite of assets... his answer was very interesting!Also looking at options around BKZ operation coming forward and partnering with local processor to take high grade zinc to get cash flow. Also asked Tony about his view on an early takeover approach given his frustrations generally over aim and the market. He was very resolute "no way I haven't worked this hard for years and put in all this money to sell the company on the cheap!"

[snickerdog] 26/11/2018 23:24

Not just team - the assets of course value of which now far outweigh the market cap! Tony doing a deal on Beutong for example - potentially worth far, far more than the current £40m MCap add in BKM and the rest of the portfolio and current valuation is now beginning to look really stupid

[snickerdog] 26/11/2018 23:13

Seems like good feedback, hopefully a few more visits from other shareholders who report back as well. Still have complete faith in team despite completely irrational market

[monttim] 26/11/2018 18:14

I get the feeling there will be some sort of partnership deal or partial asset sell off for equity deal. Both will be deal makers , catalysts for a sharp share price turnaround and provide the cash we need.

[uapatel] 26/11/2018 16:36

Thanks for the feeback chaps.

Did anyone discuss finances, ie need for a placing or they comfortable with funds for the present?

[calum] 26/11/2018 16:33

Anyone who went - did you get a feeling about current levels of finance and anything a partner for Beutong?

[kjawoogie] 26/11/2018 16:28

I will third that! Peter gave a good presentation albeit so much to say in a 10 minute slot and get the feeling there is plenty going on in the background. Key here is getting BKM into production then the rest follows

[arab3] 26/11/2018 16:27

did they give any timescales ?

[arhaych] 26/11/2018 16:25

Thanks for sharing folks, did you get to ask many questions?

[richsmithsmith] 26/11/2018 16:15

Just second what Sean said...Was at mines and money today. Peter spoke for ten mins (same strong story... lots of value there) and then Peter and Tony gave me plenty of time after for a chat. Plenty of news coming over the next few months. They are as frustrated with the price as we are. It's well worth going to talk to these guys if you can.

[seans66] 26/11/2018 13:19

I saw PB present at mines & money conference this morning. He gave an excellent presentation. I also managed to grab 5 mins with him & TM afterwards. They were in good form & seemed very determined & confident about turning ARS in a mid tier mining company. Yes the short term situation is tough but the long term story & goal is unchanged.

[horneblower] 26/11/2018 13:06

Yes, it's always been a high-risk copper play.
We are now back at the price of the second-to-last share placing done on 11th August 2017.
The copper price then was roughly where it is now.

[buildit1] 26/11/2018 12:47

Yep. Newsflow and higher cu price will reverse this very quickly.

[knobbly] 26/11/2018 12:30

Spot on HG.

[highly geared] 26/11/2018 12:29

Interesting if you overlay the Cu price for the last 18 months with the ARS share price , there’s a reasonable correlation. Tells me we need to see the CU price recover then see BKM financed.
The share price rose on a combination of key development milestones happening at ARS along with a buoyant CU price. It was a positive sentiment period backed by Cu prices.
Now, with CU prices off and sentiment negative the market isn’t interested in speculative worth of assets, it’s now all about delivering BKM to a producing mine and securing a partner for Beutong capable of doubling the resource base and delivering a PEA within a couple of years.

[tektonik] 26/11/2018 12:11

Fully agree HG. The last few months has provided valuable learning for me as an investor. Still though, I've held all of my original shares purchased here for c. 4.5p and added during the journey on the way up to 14p at 9.9 and back down to around 7p. For now though I see this going lower like most of my portfolio has done in the last month - all of the charts look grim, but actually none of the companies fundamentals have changed. Fortunately for me, and I appreciate that not every share holder is long term, but I'm in no rush to sell and equally now in no rush to add at these levels. I may be more inclined to do so following some excellent news releases from the company in the lead up to the BFS being published.

The paralysis of analysis on the current share price isn't health so I tend to not look at it very often. Just need to be patient here now as no company fundamentals have changed at all. For those that have been invested here since we last saw these levels - cast your memories back to Q2/3 2016 before JP Morgan were onboard and just think about what has been achieved since then - incredible really. If the price was 15p or even 20p now I feel many here would more likely add than at these levels - completely counter-intuitive. My trust is still in this BOD to deliver on the factors within their control and to not repeat avoidable mistakes, copper as a fundamental commodity in the direction that the world is changing and the asset potential of this company. Once the copper price recovers, which will be soon in my view, this period will just be a gap on the chart.

[riotinted_specs] 26/11/2018 11:54

Cupid, mining companies are always set back when it comes to timelines. It's without EXCEPTION and is the norm. I know it's frustrating and it's your first investment but your whinging will only have an adverse effect on your holdings. This is one of the largest and highest quality assets on planet earth.... just breathe and wait. Your patience will reap unparalleled rewards.

[highly geared] 26/11/2018 11:39

This has become a game of patience, nerve and being philosophical about how much you thought your money would be worth now.
Whilst I’m supportive of the big cycle theories that MT posts regularly, things are a little different this time in terms of c. $20 trillion QE ( or whatever the number is) that’s been issued by central banks post the 2008-9 crash. It means that the normal economic cycles haven’t been allowed to play out thus to some extent we are in uncharted territory.
To counter this, the world population continues to urbanise ad projections for world copper demand growth + the EV revolution should underpin a long term investment.
Personally, I think there no rush to add here until such point BKM is proved viable in H2 2019 by confirming finance or the copper price recovers sustainably to provide confidence in being financed.
Of course we will get sentiment extremes so if you believe the long term macro picture for copper , there will be opportunity to grab a bargain.

[the deacon] 26/11/2018 11:32

Yes I think so.

[aim0raider] 26/11/2018 11:27

Outlook for Cu is probably looking a lot better than nickel, yes?

[tomcorvid] 26/11/2018 11:11

I don’t find the comparison with HZM reasonable right now. Their BFS came in below expectations - ARS are expecting to come in better than the PEA esp in regards to mine life and perhaps recoveries too. If that turns out not to be the case then the comparison is valid. Agree that commodity price will be make or break for both.

If we are waiting for higher Cu prices to secure funding then we are at risk of delays into H2 whist we wait for shortages to start biting.

[the deacon] 26/11/2018 10:13

HZM slide towards £20m market cap shows just how much further this could go. Both completely dependent on the upturn of nickel and copper respectively, and at similar development stage

[calabrian] 26/11/2018 10:04

If they were so smart why have they made RECENT mistakes? CS42 your posts make me chuckle. Honesty in otherwise a board full of people very much in denial. Cheers.