Asiamet Resources Share Discussion Threads

[jackbal] 28/11/2018 15:49

Fair point well made Tek.

If that happens it would restore confidence but extremely unlikely in my humble opinion.

In fact I only rate the chances of the BFS happening within 6 months at 50/50.

You just can’t hang your hat on the timeframes they suggest and they are also reliant on copper price which they have no control over.

Don’t get me wrong, this could still be another oxiabna in time but you pay your money and you make your choice

[highly geared] 28/11/2018 15:38

Long term investing is ok with a share price gently rising or in an overall upward trend (from the price you bought).
The issue becomes opportunity cost when you bought in higher and end up underwater for a considerable period hoping the share price recovers.In the meantime, other stocks move ahead....

[mr roper] 28/11/2018 15:38

Steady, Jack! You're beginning to sound like me

[tektonik] 28/11/2018 15:22

I don't blame you for feeling like that right now Jackbal, but I'm sure your opinion will change on the back of a strategic partner for Beutong being announced.

[jackbal] 28/11/2018 15:17

For the first time in around 2.5 years I now want my cash out.

I won’t panic sell as I believe that the share price will improve in next few months if copper price does too.

Just feels like a situation where a friend lets you down and things are never quite the same again.

At 8p will cash in physicals for profit. Close spread bets at a loss and move on. I’m sure some on here will be glad to see back of me so at least there’s something to look forward to!

I would need more confidence in this to be comfortable with the indo/political risk and I’ve lost too much in bod now.

8p and see you later ARS. Let’s hope I actually get the chance

[mr roper] 28/11/2018 15:15

Dorset, I don't think I need to add anything to your post. Would like to say I'm surprised but I'm not.

[waterloo01] 28/11/2018 15:13

Remarkable how often directors say one thing (no placing at this level) and actually do. The placing had been needed for sometime and the fact the price has drifted to 4.25p isn't great management and has cost investors dear. (should have been done at 6p/7p when they announced the delay)

Still done (or will be soon) but the next time a director says no placing, run.

[trickyfrogman] 28/11/2018 15:07

Feels like certain aspects of uncertainty have been cleared up with the interview and the placing so can only be a good thing imo

[dorset64] 28/11/2018 15:06

Zeusfurla, they said in October 4 - 6 months for everything, drilling, design etc, so one would naturally hope that they don't mean June 2019. This is what they said in their RNS of that day.


Mid October 2018 ....This additional infill drilling, data assessment and rework of the mine design and schedule to be completed over the next 4-6 months months.....

Mr Piggy, unfortunately I would have to agree with you on that one.

[mrpiggy] 28/11/2018 15:05

I would have to agree Dorset64, just when we are almost getting over the BFS Debacle we get another kick in the nuts by the management. He was only on about the loyal LTHs in his last interview, seem we are taken for granted.... very arrogant of him.

[dorset64] 28/11/2018 15:01

Mr Roper, I don't think they or anyone expected firstly the copper price to remain so low for this amount of time and, secondly, the Ars share price to remain this low. I am happy to give them the benefit of doubt that they thought ney hoped the share price to be far higher than today's price before doing any fund raising.

[zeusfurla] 28/11/2018 15:00

Dorset 6 months could be April. I hope H1 means March/April given that drilling will be done I recall in January. Only reason to go beyond March may be if Cu prices are still low - all the work should be done by then.

[mr roper] 28/11/2018 14:54

A placing was clearly needed two months ago and could have been done far higher. What is the CFO doing?

[ayesha4] 28/11/2018 14:37

What can I tell you is these share will be in tight hands.

[sandy12345] 28/11/2018 14:29

I will buy today if I see 4.3p, otherwise will wait for a few days!

[tektonik] 28/11/2018 14:27

True aimraider, but I personally want to see a material proportion of this placing made by the directors, in particular PB.

[aim0raider] 28/11/2018 14:23

I'd imagine the market will like it, when it settles.

Removes the funding and cashflow risk that was undoubtedly holding it back.

No one likes a placing, but good to get this one out the way. We can move on now.

[wisteria2] 28/11/2018 14:22

Floor nailed down, so something for the share price to dance on! gla holders

[gymratt] 28/11/2018 14:20

Market appears to like it. Bought some for olde times sake!!

[jackbal] 28/11/2018 14:17

Highly disappointing placing price. Surely they could have acted sooner and prevents this low ball price.

I suppose if certain directors participate it benefits them for it to be a low price but disappointing for long term holders and even more so for recent investors in the 11p placing.

Also disappointing for those that bought after Peter Birds in a few weeks comments.

Still a hold for me but hardly the sort of decision making shareholders appreciate unless they are buying in the placing. Of yeah the directors are!