Asiamet Resources Share Discussion Threads

[cyberbub] 24/8/2016 16:43

Copper price looking a bit feeble ATM... sigh...

[knobbly] 24/8/2016 13:40

LOL! It's only so he can keep me in a good care-home when I get old and senile :)

[richsmithsmith] 24/8/2016 13:12

#bestdadever

[knobbly] 24/8/2016 12:45

Well, that's my 8 year old boys JISA and JSIPP topped up with ARS.
(Together with a bit of PANR, DJI, and NANO).

[snickerdog] 24/8/2016 08:22

Just posted on Twitter:Chinese setting up huge Mining focused Private Equity Fund

[snickerdog] 24/8/2016 08:21

Anyone know how to report this bug where one can't post on the main thread from a mobile device?

[ayesha4] 23/8/2016 18:12

Royal shafting from the prior placing.

[harrissen] 23/8/2016 15:13

Mining Journal


Resource evaluation drilling at Asiamet Resources’ Beruang Kanan Main project in Central Kalimantan, Indonesia, continues to meet or exceed the expectations of the AIM and TSX-V-listed company.

Staff reporter
19 Aug 2016
7:34


With a positive preliminary economic assessment in the bag – showing a mine that could produce up to 25,000 tonnes per annum of copper at all-in operating costs of US$1.48 per pound – the company is now chasing a feasibility study.

Infill and extensional drilling of the BK058 zone to get to this stage is proving favourable.

The highlight from results of five holes recently published include 31m grading 1.57% Cu from 12m depth (including 5m averaging 4.74% Cu from 16m depth), 55.1m at 0.74% Cu from 7.9m depth, and 19m cutting 0.81% Cu from 3m depth.

Such shallow hits rank above the grade of the 105,000t indicated resource (0.7% Cu) at BKM and what the company has previously drilled at BK058, so shareholders will be factoring in an upgrade before too long.

[cyberbub] 23/8/2016 11:42

I hope not Mr Roper, I would hope for 10p - 12p at a minimum... but let's see...

[mr roper] 23/8/2016 10:11

looking at the article above from Harrisen, I-m sure a co like Medco would have no problem converting Beutong to a prod license. Guaranteed they will have top level govt connections, and it would be a heck of a lot cheaper to have the license before conversion.
I-d have thought a cheeky bid in the 6-8p range might have a fair chance of success.

[cyberbub] 23/8/2016 09:55

I agree there is a high chance of a takeout, but given the $80M invested in exploration so far, and the huge deposits found, it seems unlikely that the management and main shareholders would let it go for less than twice that exploration cost, IMO... ?

[2lb] 23/8/2016 09:46

Cant see it happening since nobody will take out ARS without the secured production license for Beutong and once that is confirmed then the share price will begin to rise in any case IMO and there will be more corporate and partnership activity coming online......

[mr roper] 23/8/2016 08:17

cant help but think we are a sitting duck for a cheap takeout just now. Beutong and BKM would be a hell of a cheap catch when the copper market is about to head into deficit.

[2lb] 22/8/2016 15:44

I've reduced my holding by @12.5% purely on the basis of the endless repetition of the comms message in terms of forthcoming strong news-flow that we have had for four months now with nothing material having happened and also the now equally fading credibility of the "shortly" message on the license conversions.

I have no issue that both aspects will come good and that ARS remains an almost peerless long term hold but I can now see a lot of drift over the next few weeks whereby I can buy a lot more a lot cheaper and if that doesn't happen or there is a material update then I still have 5.5m in the drawer which is excess of my original target of 5m.

If my normal timing is anything to go by this may result in a Beutong license announcement at 7am tomorrow :-)

[ayesha4] 22/8/2016 14:35

But should have sold at 2.9 and rebought - same old same old with AIM.

[jackbal] 22/8/2016 14:25

maybe people were just punting this T20 and now closing rather than paying up?

[cyberbub] 22/8/2016 14:21

Probably automated bots selling due to the (slightly) dropping copper price?

[cyberbub] 22/8/2016 13:05

Someone dumping today...

[mr roper] 22/8/2016 11:50

Fortescue Metals Group Ltd., the No. 4 iron ore exporter, said in March it sees emerging sources of steel demand across Asia and in India. China is no longer the sole driver for the $120 billion copper market, according to Andrew Cole, chief executive officer of OZ Minerals Ltd., a producer that’s also developing Australia’s biggest unmined deposit of the metal.

“Global demand for copper is becoming increasingly diversified, both geographically and by industry sector,” he said in an Aug. 10 interview with Bloomberg Television. “We are seeing increasing diversification through other counties outside of China, which is an important factor that we need to remember

[richsmithsmith] 18/8/2016 10:58

2LB... agree with you. 100%.

[richsmithsmith] 18/8/2016 10:56

That is my understanding. Building an open cast mine is a huge project.

[2lb] 18/8/2016 10:54

Rich - certainly don't disagree with anything you say, which is why I am also heavily invested. However what both we and TM think on the licenses makes little difference until the ink is dry.......