Asiamet Resources Share Discussion Threads

[2lb] 03/11/2016 09:09

Frustrating indeed adorling.

In general I like the approach of just getting on with the job, avoiding dilution etc but the messaging is so poor sometimes it beggars belief.

At least it means that those who have carried out copious research can just roll their eyes at it whilst speculators will simply move on to the next small cap.

I'm sure our day will come, firstly to get back over the last placement price at 3.1p and then to build on BKM upgrade and approach to BFS

License at Beutong still the catalyst for everything as it will bring in partners, JV, funds at a premium etc......

[adorling] 03/11/2016 08:50

Really frustrating to see this retreat after the poorly worded RNS. Tony/Sasha, ARS have to learn from these releases and know the mentality of many short term AIM traders will look to sell out knowing they can always buy back in again at a lower price. We have seen this trend for nearly a year now. I am one of many long term investors (holding 5 million shares) who hold these concerns and want to see a much more informed approach to RNS releases and wording.

[horneblower] 02/11/2016 21:37

So long as it doesn't continue on down we still have a chart pattern of rising highs and lows. Bullish!

[littlemadam] 02/11/2016 18:16

I think we all agree that the long term story here is a good one. What some of us are upset about is the badly-worded rns put out today.
I don't know what these PR people charge but if I was TM I would be demanding an apology and a refund.

[maverick247] 02/11/2016 12:30

Clearly there is no issue as per usual the RNS is conservative in line with TSXguidelines the sooner we het off TSX and onto an Indo exchange the better which i believe ARS intend to do.Additional buy op again offered also i should imagine by the the US political situationOther than that nothing changed here and exciting company with excellent catalysts ahead for us.

[ryry0707] 02/11/2016 11:49

Littlemadam, pls can you let us know his response. Thanks

[littlemadam] 02/11/2016 10:52

Agreed.badly worded. Gives the distinct impression that ARS are in difficulty and I have mailed TM to say so.
I asked if perhaps he had not seen the rns prior to issue and that an amended rns might be in order.

[knobbly] 02/11/2016 10:51

Spot on horneblower.

This is a long play, and for me an opportunity to top up.
Just hoping it dips a little lower first :)

[trigger blade] 02/11/2016 10:40

I don't think anybody's disagreed with what's been done HB, it's just been sold in a way that hasn't been very well thought out way that suggest a bit of naivety in the PR area.

Announcement of licences is surely what will improve things share price wise, I hope they aren't a year to 18 months away, I'd hope for "shortly" ;-)

[horneblower] 02/11/2016 10:12

Oh, come on.
The copper price is still extremely low and it will be a year to 18months before things improve.
This is a long play and the management is being prudent with our cashflow.
Give them a break.

[mr roper] 02/11/2016 10:08

Hoping TM gets on VoxMarkets to do some PR. This is a boot in the balls.

[charles clore] 02/11/2016 09:46

It's a complete cop out imho and the author of that RNS should be ashamed of himself.

[mr roper] 02/11/2016 09:43

completely agree with the posts above. TM comes in and talking about x numbers of interested investors at BKM and Beutong, some ready to talk terms and then drops an RNS on his way home that mentions difficult market conditions...WTF!

[trigger blade] 02/11/2016 09:39

That's exactly the thought I just had.

It's hard to reconcile the portrayal of TM as a genius with the person who authorises that sort of RNS. Even I can work out it won't send the share price into orbit.

I don't even know what sort of difficult market conditions he's referring to, but I am a bit thick :-)

[impvesta] 02/11/2016 09:38

Hopefully not deliberately self inflicted in order to get a fund raising away at a premium to a newly lowered current share price.

[mr roper] 02/11/2016 09:35

why do I feel we make one step forward and two steps back.. This is completely self inflicted.

[impvesta] 02/11/2016 09:34

"Mr Roper2 Nov '16 - 09:01 - 3317 of 3319 0 0
TM really needs some help wording those RNS."

Agreed. That is the first black mark I have awarded to Tony Manini. Why not go for the angle that employees are so excited about future prospects that they prefer to take share options rather than bonus?

I thought the emphasis was on the company being in the right place at the right time, rather than that it is facing difficult market conditions.

[ayesha4] 02/11/2016 09:05

No he didnt and he shouldnt use those terms as they are completely unnecessary.

[mr roper] 02/11/2016 09:01

TM really needs some help wording those RNS. At least he didn't say "shortly". Did he mention difficult market conditions at the investor roadshow??? I'm guessing not.

[richsmithsmith] 02/11/2016 08:57

Exactly Just had some... :)

[gary38] 02/11/2016 08:53

Good opportunity to buy on the dip .

[adorling] 02/11/2016 08:03

"In recognition of the difficult market conditions currently faced by the
Company, the employees and consultants receiving Options as part of this
grant have all agreed to forego short term incentive bonus payments, and
accept frozen or reduced salaries/ fees for 2016. Directors have agreed to take no fees in 2016"

That is clearly a responsible approach and the options are priced marginally above current price but not that far so effectively salary in lieu payments.I think the wording of "in recognition of the difficult market conditions" will be misinterpreted by some today unfortunately.

[gary38] 02/11/2016 06:24

Asiamet Resources Limited Asiamet Resources Limited : Miscellaneous Option GrantsSource: UK Regulatory (RNS & others) TIDMARS Asiamet Resources Grants Options Asiamet Resources Limited (the "Company") announces that pursuant to the Company's shareholder approved Stock Option Plan, the Company's Board of Directors granted a total of 1,300,000 Incentive Stock Options ("Options") to non-executive Directors and granted a total of 9,200,000 Options to employees (including executive Directors) and consultants for a total of 10,500,000 shares of the Company's capital stock, that are exercisable between November 1, 2016, and November 1, 2021, at an exercise price of C$0.065 per share, being a premium to the current market price. The common shares issued upon exercise of options granted will be subject to any applicable regulatory hold periods. In recognition of the difficult market conditions currently faced by the Company, the employees and consultants receiving Options as part of this grant have all agreed to forego short term incentive bonus payments, and accept frozen or reduced salaries/ fees for 2016. Directors have agreed to take no fees for 2016. The share holdings and warrant holdings of the Directors in the company remain unchanged, while the number of Options granted to the Directors subject to these arrangements and their resultant Options holding in the Company are as follows: Number Options granted Total Options Total Options Director November 1, 2016 previously granted granted pursuant to Plan Peter Pollard 500,000 1,000,000(1) 1,500,000 Tony Manini 3,750,000 3,000,000(2) 6,750,000 Faldi Ismail 400,000 1,200,000(3) 1,600,000 Raynard von Hahn 400,000 600,000(4) 1,000,000 Stephen Hughes 2,500,000 3,000,000(5) 5,500,000 7,550,000 8,800,000 16,350,000 1. 300,000 options with an exercise price of C$0.10 and expiring July 1, 2018, 300,000 options with an exercise price of C$0.05 and expiring October 6, 2019 and 400,000 options with an exercise price of $0.05 and expiring August 6, 2020 2. 3,000,000 options with an exercise price of $0.05 and expiring August 6, 2020 3. 500,000 options with an exercise price of C$0.10 and expiring July 1, 2018, 400,000 options with an exercise price of C$0.05 and expiring October 6, 2019 and 300,000 options with an exercise price of $0.05 and expiring August 6, 2020 4. 300,000 options with an exercise price of C$0.05 and expiring October 6, 2019 and 300,000 options with an exercise price of $0.05 and expiring August 6, 2020 5. 1,000,000 options with an exercise price of C$0.05 and expiring October 6, 2019 and 2,000,000 options with an exercise price of $0.05 and expiring August 6, 2020 Asiamet now has the following shares, options and warrants on issue: -- 622,984,168 fully paid ordinary shares -- 4,282,200 C$0.10 options expiring 1 July 2018 -- 3,050,000 C$0.05 options expiring 6 October 2019 -- 9,250,000 C$0.05 options expiring 31 August 2020 -- 10,500,000 C$0.065 options expiring 1 November 2021 -- 1,708,746 C$0.12 warrants expiring 13 May 2017 -- 5,416,666 C$0.05 warrants expiring 1 June 2017 -- 1,874,364 C$0.05 warrants expiring 5 November 2017 -- 2,147,581 C$0.06 warrants expiring 26 April 2018 -- 3,533,747 C$0.10 warrants expiring 13 April 2019 ON BEHALF OF THE BOARD OF DIRECTORS Tony Manini, Deputy Chairman and CEO -Ends-