Asiamet Resources Share Discussion Threads

[mr roper] 05/9/2016 10:21

reassuringly dull, indeed. I like that in a stock. Look at PANR today.. ouch.

BKM..sure it'll be along.."shortly"..lol

[2lb] 05/9/2016 10:19

Noted Mr R, but nothing material in any of them - merely confirmation of expected and largely known BKM progress and ongoing B&J license delays plus the half year results which we summarised what we already knew.

We're still in a good place, reassuringly dull at this point, there are far worse positions to be in.

I'd like to see a BKM resource upgrade before the month is out.

[mr roper] 05/9/2016 10:12

you're a hard taskmaster, 2LB. 4 RNS last month....

[2lb] 05/9/2016 09:57

Well I don't know about anyone else but I'm finding it hard to keep up with this strong and regular 2016 news flow that ARS keep referring to......

Oh no wait.......

We are now giving AMER holders a run for their money for the worst ever example of the use of the word "shortly". Although to be fair we have a long way to go as they are 18 months on from "imminent" for their pipeline to go operational.

A least the wholesale transfer from PANR to ARS looks like a better move this morning......

[ayesha4] 03/9/2016 18:28

Still holding - I'm hopeful that TONY can get this moving - have reduced position further. Does look like a double bottom on chart.

[knobbly] 01/9/2016 20:20

snickerdog31. I missed that previously, thanks

[cyberbub] 01/9/2016 12:39

Big delayed trades going through...

[horneblower] 31/8/2016 22:11

snickerdog,
Done.
(I'm away for 6 days from tomorrow.)

[snickerdog] 31/8/2016 22:04

Horneblower, please add this interview into your header. It is an excellent one:

hxxps://audioboom.com/boos/4844503-538-tony-manini-of-asiamet-resources-plus-top-5-most-followed-and-prem

[red army] 31/8/2016 21:55

Well he has a lot of skin in the game so wont be going cheap.

[mr roper] 31/8/2016 21:31

Copper assets being bid for. Tony needs to get this share price up'or we are a sitting duck for a low ball takeout

[gary38] 26/8/2016 16:32

Just topped up on possible jump of 21 and 63 ema cross on the daily chart.

[knobbly] 26/8/2016 13:42

> Looks to me like a double bottom might be forming here? GLA

A double ARS ?


Boom! Boom!

[cyberbub] 26/8/2016 12:02

Looks to me like a double bottom might be forming here? GLA

[aim0raider] 26/8/2016 08:23

Harrissen, not sure why you are referring me to the RNS about Beutong and Jelai licences when my post referred to BKM. I don't think anyone here is suggesting Beutong or Jelai have a production licence.

[jackbal] 25/8/2016 17:46

Small article in the evening standard today on Ars. States that basically today's results reassured investors. I'm not so sure about that myself!

[markeybee7] 25/8/2016 17:36

A letter from the Minister of Energy and Mineral Resources was received on November 3, 2015, confirming the KSK CoW entered the fifth year of the Exploration Period on October 28, 2015. As such KSK has a total of 30+ years remaining for exploration, development and operations.

[harrissen] 25/8/2016 16:30

A 'non binding' MOU is about as useful as a hole in space suit.
If you read it again you will see the nonbinding MOU was signed almost a year ago to the day and Mr. Manini uttered he usual promise that he would be updating us all 'shortly'

"We will keep investors informed as the CoW amendments are progressed and look forward to providing further results from our current drilling and studies programme shortly".

Finally I think I must have a blind spot for the phrase 'Production Contract'. Try as I may I cannot find it anywhere in the proof of its existence some of you have posted so far today!

[snickerdog] 25/8/2016 15:52

Not really an issue Ayesha, first the main project has its 30 year full production licence. Second the licences are for the secondary (yet not insignificant projects).Third, upgrades seem to be guaranteed by law and the change of government personnel cited by TM seems to be a fairly plausible explanation.Focus on feasibility study shouldBe more important. I guess you entered for a trade at a higher price yet you should look st this as an investment which derisks a little with every milestone reached and with top management behind it.

[aim0raider] 25/8/2016 15:37

How many did you have, that seems like a big reduction?

[ayesha4] 25/8/2016 15:19

No, only 1.5 million now.

[aim0raider] 25/8/2016 15:14

Still got your full holding Ayesha?

[richsmithsmith] 25/8/2016 14:48

Here's the Memorandum of Understanding with the six points agreed in principle.

[2lb] 25/8/2016 14:44

Not quite sure what the confusion is, it's all perfectly clear.

BKM, Production license granted, PEA completed, feasibility study in progress, reserves upgrade expected.
Beutong, Production license awaiting approval, reserve estimates in public domain
Jelai, Production license awaiting approval, reserve estimates in public domain


BKM, NAV already significantly higher than current MCAP
Beutong, NAV is multiples of BKM
Jelai, "icing on cake" expected to be monetised on production license approval.


RNS today is yet another non-update. No material news and once again we have confirmation , as with every month since May, that outstanding license approvals are expected "shortly" - which now has now lost all credibility and meaning whatsoever.

The company has made a sideshow out of the license conversions that it didn't need to and should have focussed all comms and activity on BKM alone, explaining that the return on that , fully approved, resource alone is of great value - this has got lost in the white noise of general corporate activity and other prospect resources where to date nothing of any note has happened whatsoever in either case.

The ongoing drift down is of no surprise, this has become a one way flow of trust and patience with pretty much nothing come back the other way.......