Asiamet Resources Share Discussion Threads

[tektonik] 28/11/2018 14:14

Let's see PB reach deep into his pockets at 4pm

[sandy12345] 28/11/2018 14:10

a trap for those that got in today for a quick gain

[wisteria2] 28/11/2018 14:09

Funded going forward!

[tektonik] 28/11/2018 14:04

4.25p - "Certain directors have indicated an intention to participate in the placing"

[tektonik] 28/11/2018 14:02

£2.6m placing announced

[mrpiggy] 28/11/2018 13:26

Will you two kiss and make up please.... I hate to see our happy family falling out.
Besides, in the weeks to come we may need the return of our ping meister.
;@)

[dorset64] 28/11/2018 12:17

Mr Roper28 Nov '18 - 12:06 - 18319 of 18319

Dorset, when you see capable,experienced guys mishandle a situation like the bfs comms it removes my benefit of the doubt factor and I try to be more objective.
=========================================================

Me too, I moaned like hell about the BoD's, then went and bought more shares as the story has not changed at all, only delayed by 6 months. In the end if the 6 month delay is value enhancing, which obviously it will be, then I can wait.

AS HG quite rightly states above, the BoD's know they have to perform now and not to miss future deadlines and for me, the current 5p share price is xmas come early in my view.

Everything we have, partner soon to be on board and all for under £50m.

[mr roper] 28/11/2018 12:06

Dorset, when you see capable,experienced guys mishandle a situation like the bfs comms it removes my benefit of the doubt factor and I try to be more objective. I reducer my risk exposure accordingly but still hold a considerable amount. Ultimately a good bod should appreciate investors who ask difficult questions as it's our money that greases their wheels

If ypu listen to the podcast yesterday I have my doubts already about a bfs being completed in q1.however, the big elephant is getting beutong partnered asap. That's where the bod need to deliver in my view.we're not going to see material revenue from bkm until 2022. With the right partner we could be close to finalising a pfs on beutong by then

[highly geared] 28/11/2018 11:51

What we’re seeing is the classic gap of expectation v reality ( of building a business), not helped in the past by optimistic communications from the company.

Nothing has changed but it’s clear we’re still looking at the wealth horizon that will probably take 5 years to come to us.

I’m as guilty as anyone, I envisaged a good BFS out , BKM about to be financed and a year end share price 25-30p.

The appetite will return for resources but the days of ARS being valued on expectation have gone and it’s now all about delivering BKM as a project and a partner for Beutong. Things will hopefully look very different in 6 months.

[dorset64] 28/11/2018 11:46

Mr Roper, you and I have held here for months ney years as far as I'm aware, and in turn know full well the world class deposits our 'Ars' is sitting on right now, with the full expectation that these assets will multiply in value numerous times in the years ahead.

During the 'non-BFS' day and subsequent weeks after I was probably one of the more angry long term holders and quite rightly, voiced my disdain towards the BoD's for their total incompetence of their actions over it.

I am, however, also a long term investor in the shares I've heavily researched and thus, even with my angst against the BoD's understood fully what a quality play this share is and thus, have even increased my holding since the failed BFS, as the story remains the same in not actually better right now. The only difference being we are sat at circa 5p instead of 10-14p range.

But this is where I just don't understand yourself as, like most on here, you did your research, you know what assets we have, you know they will increase in size by 'x' amount in the coming years, you know there will be a partner announce in order to raise funds for future progression, all the while you now come on a do pretty much nothing but slate the very company you were happy to invest in before the BFS shenanigans & thus share price drop.

This is where I don't get it, why suddenly such a change in stance as surely with the share price at circa 5p, this will in the years to come prove to be the sale of the century?

[mr roper] 28/11/2018 11:21

The problem is TM is spread too thin. He's a great comms guy and isn't used enough. Steve Hughes was also great at the comms front and hasn't been adequately replaced. PB is a solid performer rather than dynamic like TM,SH.

Ultimately they need to get some news out to continue the momentum and communicate effectively. The jury is out until we get some more news

[zeusfurla] 28/11/2018 11:15

I have no doubt that TM with his experience will strike the right balance between accessing cash for drilling short/medium-term and retaining a sufficient % of the assets medium/long term > My view from this outstanding interview is that it will be early 2019 before this happens but who knows? One really good thing that has come out of all the recent angst is a much heightened awareness by TM and Board of the need for top quality investor relations. I can't see a repeat of what happened a few months ago. You only need to look at the interview and TM's level of concentration to see firstly that what he said was very carefully planned and 2nd that he is really excited about future prospects. It shows to me in spades that TM is a thinker who when given time can say exactly the right things but when reacting on the day to news is not so adept ie an introvert at heart. Long live the introverts!

[buildit1] 28/11/2018 10:45

TM is flagging multiple int parties. Suggests some leverage in negotiations.

[horneblower] 28/11/2018 10:38

monttim,
You aren't reading what I'm saying.
Of course we will have to do deals with majors...but not in the way Theresa May does deals! You must negotiate from strength.
Anyway, I think we are on the same side.

[ifthecapfits] 28/11/2018 10:32

10%ers shifting out by the looks of it.

[tektonik] 28/11/2018 10:15

It's a great interview and it's impact on the share price really underscores how quickly market sentiment fluctuates. I agree that there's nothing new in terms of content, but the body language was quite telling on a few of his points - discussions with partners in Indo and China as well as others and his confidence on Baroi being another company maker. He's stressed the comparisons with SOLG for a while now and again his confidence with respect to the size of the deposit was reassuring. We do need to do two things in this space before I allow myself to get carried away though: 1) Partner up and 2) Drill down. As I mentioned previously I certainly won't be selling at this stage, but may be inclined to increase my holding on the back of some (new) positive news flow, the story has improved across the board since this share was at its high's of 14p.

[calum] 28/11/2018 10:14

Agreed - a partnership whilst giving something away will definitely provide better returns for shareholders. I always think of this issue like Dragons Den - do you want to give away 40% to Peter Jones and have 60% of a company that may up worth £10m or keep 100% of a company that may be worth £1m?

[buildit1] 28/11/2018 09:59

No it accelerates it. Any partnership deal will provid funds and involve a commitment to drill!!! Beutong is OPEN in every direction. The resource will GROW materially with intensive drilling, dramatically so If the high grade core is proven up.

[monttim] 28/11/2018 09:50

Hey Horneblower.
Mining is all about deals and partnerships.
You have to give away something to get something +++

[aim0raider] 28/11/2018 09:43

Yes, and clearly that's what the BFS delay is all about.

A higher strike price being asked for by TM, but the other party/s want longer mine life and more certain resource in the pit.

[walter walcarpets] 28/11/2018 09:42

PD: He never did get back to us with his comprehensive research notes, did he? :-)

[horneblower] 28/11/2018 09:36

Don't get me wrong, a deal could be done and no doubt it would lift the share price ...to what? 15p maybe. But I'm looking to the longer term. Whatever is given away in any deal now, reduces the end game rewards.

[adorling] 28/11/2018 09:29

Roper - good to hear you are still a holder. Many of us took advantage recently from the gift that weak sellers and margin calls offered to us LTH. Good to see some strength today and hopefully TM and PB have realised good communication with shareholders does have its benefits!

[paulodiablo] 28/11/2018 09:26

Well this is all slightly embarassing for our new research guru Sharekitchen1974....