Share Name Share Symbol Market Type Share ISIN Share Description
Asiamet Res LSE:ARS London Ordinary Share BM04521V1038 COM SHS USD0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.05p -0.86% 5.75p 1,783,901 15:49:41
Bid Price Offer Price High Price Low Price Open Price
5.70p 5.80p 5.85p 5.75p 5.85p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -5.36 -0.74 53.9

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Asiamet Res (ARS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-11-12 17:16:395.7550,0002,875.00O
2018-11-12 16:24:585.7125,0001,426.38O
2018-11-12 16:19:495.7230,0001,714.65O
2018-11-12 16:01:135.8036,9972,145.83O
2018-11-12 16:00:215.80250,00014,500.00O
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Asiamet Res (ARS) Top Chat Posts

DateSubject
12/11/2018
08:20
Asiamet Res Daily Update: Asiamet Res is listed in the Mining sector of the London Stock Exchange with ticker ARS. The last closing price for Asiamet Res was 5.80p.
Asiamet Res has a 4 week average price of 5.40p and a 12 week average price of 5.40p.
The 1 year high share price is 14.88p while the 1 year low share price is currently 5.40p.
There are currently 937,025,259 shares in issue and the average daily traded volume is 1,717,330 shares. The market capitalisation of Asiamet Res is £53,878,952.39.
30/10/2018
18:50
mount teide: The Copper price during October to date has been between 4% and 12% above where it was during much of August and September and between 40% and 45% above its 2016 previous cycle low. The share-price correction is overwhelmingly related to the poorly communicated BKM BFS 4-6 month delay. From observing L2 over the last week, its difficult not to form the view that the share-price fall post the BKM BFS announcement is largely the result of highly leveraged traders getting hammered together with some longer term holders locking in profit or trading some of their holding in the expectation of buying it back cheaper. The collective average price of management's share options is currently well underwater - as of today they and Steve Hughes will have worked for nothing since 2015 - a period during which they will have delivered a 600% return for shareholders and nothing for themselves. I doubt there is another company on any equity market world-wide which can say the same - particularly AIM, which has a well earned reputation for producing management indulgence and greed second to none. For a Director of Tony Manini's experience and standing to take all his fees in incentivised share options and to heavily participate in II placings and make very large open market purchases since timing perfectly, his copper cycle low point involvement as CEO of Asia Met, speaks loudly as to his belief in the potential development value of the assets over a 3-5 year view. Over the last 50 years average copper market recovery cycles have been between 5 and 9 years duration and none saw an increase in demand remotely like the forecast for the next 5-7 years. Half the world's population is currently urbanising. That's just unprecedented in human history. Couple it together with huge future copper supply challenges - and while trade wars may impact the copper market in the short term, ultimately, it is set up for many long, strong years of commodity demand and shortage of supply. Manini has spent over 20 years operating in Indonesia a country predicted to be a top-five global economy by 2035, it's modernising and growing quickly with a lot of new infrastructure and a very strong domestic demand-growth outlook; Asia Met's market is on its doorstep. AIMHO/DYOR
27/10/2018
14:39
jackbal: HB and MT thank you both for your responses. MT I agree that eventually a partner is really only way forward re beutong but how many months are we away from that event and how many shares do we have in issue by that stage? I’m not trying to clog up this board with pointless negativity but I feel that any near term placing is going to depress share price for quite some time whilst credibility is restored and I think most will agree it’s more likely a near term placing than a partner right now. I hope it’s just a for a couple of million max at no less than 5.5p as the weak bounce in the share price after the sell off concerns me that it could be more money at lower price.... Good luck all, nobody wants this to come good more than me. If share price reaches low 5’s again next week I am going to put the cash back in that I took out at around 8 in order to accumulate.
24/10/2018
08:43
mount teide: Arden Partner's analyst sees plenty of upside potential for Asia Met - saying he was far more interested in the latest Beutong drill results since it suggests a potentially "World Class" project - than the BKM BFS delay announced to "refine the project economics". City broker reckons Asiamet share price can follow same path as SolGold - Proactive 'SolGold’s share price has jumped more than 2,000% over the past three years, and Arden Partners reckons Asiamet has the potential to follow suit City broker Arden Partners reckons the Asiamet Resources PLC (LON:ARS) share price can follow the same trajectory as fellow copper explorer SolGold over the coming months and years. SolGold, which is developing the much-hyped Cascabel copper-gold project in Ecuador, has seen its share price rise more than 2,000% over the past three years. “Asiamet is a relatively unknown gem with the potential for similar gains in its share price as it nears closer to the release of a bankable feasibility study at BKM and further drilling at Beutong,” said Charles Fitzroy, Arden Partners analyst in a note to clients. Asiamet had hoped to have released the BFS earlier this month, but it is carrying out more drilling at BKM in order to beef up the study. Fitzroy agreed that the additional drilling will “refine the project economics”, although he was more interested in the latest drill results from the earlier stage but “potentially world class” Beutong project. “These recent drill results [released on Thursday] show significant mineralisation outside of the resource at Beutong and the deposit importantly crops out at the surface.” The Arden analyst has a target price of 24p on the stock, almost four times the current 6.8p share price. Still, he sees the potential for this figure to soar in the future as Beutong is further developed and, as such, has Asiamet as a ‘strong buy’. '
18/10/2018
15:21
tektonik: Definitely a setback delaying the BFS to conduct more drilling and a shocking response reflected in the shareprice, compounded by a viral reaction towards a protest against Asiamet's Beutong partner. I'm struggling with a few of my thoughts on all of today's events: BKM BFS: a) Additional drilling to further enhance the BFS would have been an option on the table a long long a time ago, something has clearly occurred recently or new information has in eleventh hour that's informed this decision. I believe 4 weeks ago this probably wasn't the likely route that would be taken, otherwise they would have stated the BFS would take another 6 months then. b) The unfortunate timing of the recent market wobble has had a materially negative impact on the business case outlined in the BFS for funding that *would* have been delivered weeks ago but ran late sewing up the loose ends c) Linked to b), the company expects the copper price to be higher in 6 months time anyway, fundamentals of BKM can therefore be enhanced by more drilling during this period - moving as close to a measured resource as possible and creating a win-win situation in the long run. Tony mentioned that people are never generous during funding stages on the podcast and perhaps recent funding conversations have forced their hand to expand the BKM resource profile before committing to the BFS? Beutong/legal issues: a) Very confused by all of this still and the actual role played as part of the sell off. Will certainly be monitoring this going forward though to protect my own interests. Reassuring to an extent it has formally been addressed by the company. b) The fact it wasn't even mentioned on the podcast leads me to believe that the news of the BFS 'rethink' has caused the majority of the reduction we've seen today. c) The facts are that the Beutong IUP licence is in hand, we own 80% and the company have conducted themselves professionally throughout this process with no issue. There will always be a dis-linking to this industry, but if there's one thing I'd stress is that this company has worked much more closely with local people and acknowledges its importance much much more than a lot of other miners. d) Another fantastic drill RNS I might add, although I need a strategy to tackle this deposit - the podcast made me feel that they don't have this yet, but will come in time The board: a) Communication has been poor for big ticket news releases, going back to the acquisition of the Beutong production licence that was supposed to land roughly a year ago. That saga dragged out for months and the share price took a hit. When the licence was awarded it had an immaterial impact on the share price. The board could have handled all three of the news releases today in a much more appropriate fashion b) I have mixed feelings at this stage. I have no doubt that TM and PB will deliver these projects to a good standard, but slightly concerned where this leaves us today. I'm glad that they have been cautious on the BKM BFS but at the same quite time frustrated. They are still definitely the men to deliver these projects to production. My position: a) I will be holding on tightly to my shares as I have done since the 4p days and more recently going in big sub 10p. The fundamentals are still irrefutable and incredible - Beutong was never priced at 10p or 14p so very disappointed that we're down as much as 30%. I think this is compounded by all of the recent events and trade war nonsense that has seen ARS in a steady trickle down from the 14p heights and people generally having a low patience threshold. But I believe the board needs to manage the market to maximise shareholder value b) I don't have anything to hand to top up at this stage, but think we'll see more buyers in the next few working days to pull us back up slightly, but feel we may be around these levels for the foreseeable future c) This should serve as a good example for all investors to diversify their investments as the unexpected has a habit of presenting itself when it wishes. Wishing all holders to keep the faith and always do your research.
20/9/2018
10:01
horneblower: Remember that a financing package will involve dilution at a specific share price. That share price will be at a discount to the recent past so, perhaps, 9.5p. This is presumably why the share price has been drifting (along with $Cu). It has actually stood up rather well considering there is the general expectation of a large fund-raising. I am expecting a whoosh afterwards but don't be surprised if there is a small dip beforehand.
18/8/2018
16:43
mount teide: Where the company valuation and share price is likely to be in 2-5 years time is surely what matters unless you're a short term trader. I strongly suspect the management are most interested in where they will be able to drive the company valuation towards the end of this new commodity cycle recovery stage. I was underwater during most of 2016 when the share price dropped to close to 2p and stayed there throughout the year. Used it to continue building a decent sized position - which, like the Directors i've continued to add to at prices up to 12p as the investment case continues to strengthen. This is a strategy that is serving me as well with my industrial metals, oil and shipping sector investment in this new commodity cycle as it did during the 2000-2008 recovery stage of the previous commodity cycle. The business strategy of the ARS management is identical to what they did between 2000 and 2007 with Oxiana metals. The management must be very quietly confident of their ability to replicate this type of performance with Asia Met's assets during this latest commodity cycle, since they continue to keep taking their fees year after year in incentivised share options. I would too in their shoes! Why? Because if they develop ARS into the $bn company they believe is possible during this commodity cycle their ARS share options would be worth $tens of millions.
06/8/2018
21:13
monttim: This share price action goes without saying very frustrating. The one thing to remember, forget the share price for the moment. A large project is being put together, actually two or three. The projects will in time be very profitable. It is being led my highly capable people. The share price will follow the enterprise progress, make no mistake about that. Share price doldrums just now, yes, but not for long. I have added substantially more at 10p recently and quietly confident that price will look silly very shortly.
02/7/2018
09:04
dorset64: Been away for the past week but interesting to read, just as the share price stutters for another breather, a few 'longer term' posters complaining about it and when they first bought the shares or their average price of doing so. I thought Mount Teide perfectly summed up the situation in his post of - Mount Teide30 Jun '18 - 18:06 - 14750 of 14765, although to add to it and as Hornblowers chart post above proves, we are all buying in to this share along its progression to a higher price. Sure the share price will falter from time to time, but imv when it does is time to purchase some more if you can afford to. People are only now complaining because a large holder is offloading for what ever personal reasons he has, if indeed he wasn't selling then those 'long termers' in turn wouldn't be complaining either. Has the story changed, no. Has the fundamentals changed, no. Are the BoD's still taking their salaries in shares, yes. Are the BoD's increasing the size & purity of our assets with each RNS, yes. Have the BoD's strengthened themselves with new additions, yes. Do we still have the assets & are they increasing in size, yes. Is the copper price holding/increasing/in an uptrend, yes Is copper entering deficit mode, yes. And with all of the above in place, the other major factor is that M&A in the sector is growing pace with buyers now paying some 40%+ over the current price of a co's assets. Just what is there not to like as I just don't understand why anyone would want ot be selling out of the company we own, just because someone is selling & the share price is taking a breather.
15/6/2018
08:45
jlondon: Beutong Some thoughts: Peter Bird in his 7 June 2018 Interview mentioned Wafu-Newcrest and Cascabel [See my last post for the note on this]. Beutong will have 8 drills, the 1st of which has been completed. WAFU-NEWCREST Link: www.solgold.com.au/presentations/ See Mar 2016 Solgold Corporate Presentation Page 21-Current grades. One will notice from this chart that even Las Bambas has grades of 0.6% Cu. Look at the grades from thereon which go lower. These are Andean copper deposits in Peru, Chile and Ecuador. Page 49-WAFU Right chart: WR328: 597m @0.57% g/t Au & 0.97% CU. WR333: 727.5m @0.69g/t Au & 1.39% CU WR337: 802m 1.13g/t Au & 1.76%CU GOLPU-2010 501Mt at 0.95%CU and 0.54g/t Au =8.8MOZ and 4.8Mt CU [SO INITIALLY 3 DRILL HOLES which is standard. The award winning Escondida geologist said he can tell with 1 hole result. In terms of porphyry*s eg Alpala-Cascabel > Solgold it was said that the further they go down, it appears to get higher grades. One can see from the above Wafu drill results that it appears correct. However, usual caveats apply] <>FAST FORWARD- SOLGOLD PRESENTATION MAY 2018 on www.solgold.com.au/presentations/ CLICK TO READ Page 25: GOLPU -2016 [6 years on from above chart] 1.000Mt @0.9% CU & 0.6g/t Au ALPALA-CASCABEL>SOLGOLD PLC 2017 1,080Mt 430Mt at 0.8% CuEq Ind 650Mt 0.6% CuEq Inf [So both projects are at the 1,000 Mt level which is 1 Billion tonnes of ore at 0.9% Cu for Wafu and Alpala-Cascabel 1,08Bt @0.68% CuEq [Per 3 Jan 2018 RNS: Maiden Resource Statement {MRE}] Share price of Solgold: History Start off at placing price of around 1.5p and rose initially to 14.5p as Alpala was being drilled. 2016- Maxit Capital raises capital at above mkt price and this time, the share price rises to a high of 46p area. 2018-15 June 2018 Solgold share price is 22p, MKT CAP £373 million. 52 week high 41.5p and low 20p. Investors are waiting for an updated Maiden Resource Statement for Alpala-Cascabel with PFS and FS at the end of 2018. If one does pro-rata simple cals, one will see the HUGE MKT CAP when Solgold*s share price reached 41-46p at its height. It came close to what the CEO said about re-rating to $1b dollar cap. $ is in US$ as all commodities are denominated in US$. ASIAMET- The CEO / Manini has mentioned from recall about potential $1 billion co. So that is standard if the copper resource reaches the 1 Billion tonne mark and with the initial grades of Hole 1 at 456m of 1.06% CuEQ, it is encouraging. Hole 1, Beutong was drilled to 607.8m End of Hole and was still in "pervasive copper/silver/gold/moly"] The Hole 1, Beutong ARS RNS of 14 June 2018 also mentions open and consistent with Peter Bird*s 7 June 2018 Interview. LIBERIUM Today, 15 June 2018, Liberium issued a re-iterate note on ARS after the said Beutong Hole 1 part result yesterday, 14 June 2018. Just a discussion. DYOR. Please check. Only mentioning Wafu and Cascabel because Peter Bird, 7 June 2018 interview mentioned them and said "the sort we evaluate." ARS current JORC Compliant Resource 2.4Mt copper and 2.1moz gold. Pls check as there can be typo errors.
01/5/2018
23:32
curnic1: Why the constant obsession with ARS share price. Constant share price monitoring is only for trading, not investing. ARS is a great little company with a great management team who will take ARS into a great big copper producing company. The long term rewards will be well worth putting our shares in a safe deposit box to be opened in 5 to 9 years time. Think of all the dividends we will be receiving when production start.
Asiamet Res share price data is direct from the London Stock Exchange
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