Asiamet Resources Share Discussion Threads

[2lb] 14/11/2016 14:20

They are really struggling to keep a lid on this.

Actual bid now 2.88

[mr roper] 14/11/2016 14:18

2LB, with copper at 2.5 the broker price is nearer 11p..

c'mon TM..heap leach and ops update please...

[maverick247] 14/11/2016 14:16

Indeed holding my stock tightly here only just about to start to get interesting

[2lb] 14/11/2016 14:14

So much positive news due here that a 3p platform from which to spring would make things very interesting.

Conservative broker target of 8p for BKM alone pre production.

Copper rally has opened eyes to the sheer magnitude of the potential here....

[charles clore] 14/11/2016 14:13

This makes up for some of the duds in my portfolio. Nice to have some!

[okidokicoki] 14/11/2016 14:12

Thankyou 2LB

[the macallan] 14/11/2016 14:11

Bought in on Friday. Like it.

[2lb] 14/11/2016 14:09

Everyone has a price - that scenario never comes to pass but it can make for rapid moves up if buyers keep upping their bid

[okidokicoki] 14/11/2016 14:05

this might be the stupidest question ever as i have only been trading shares myself a few year but if nobody is selling shares as all LTH what happens . sorry if this is a totally stupid question as i have never come across this before

[2lb] 14/11/2016 14:05

Actual bid now 2.8

Something fuelling this....

[2lb] 14/11/2016 13:51

Phones off :-)

[richsmithsmith] 14/11/2016 13:48

Sell.. (Fat fingers)

[richsmithsmith] 14/11/2016 13:44

They'll be phoning you soon to see if you'll seel.

[2lb] 14/11/2016 13:40

Buy orders limited to less than £1000

[red army] 14/11/2016 13:36

Copper going up again.

[okidokicoki] 14/11/2016 13:24

something going on in the background 3p when price 2.80 ????

[2lb] 14/11/2016 13:14

Hang on, 466k buy at 3p !?

[2lb] 14/11/2016 13:13

Here we go again, can get a quote to sell 1,000,000 but limited to 25k buy

[mr roper] 14/11/2016 10:34

decent buying again today and copper still above 2.5.

Tick up later?

[okidokicoki] 14/11/2016 09:41

great posts over the weekend hope you all had a good 1

[mr roper] 14/11/2016 07:56

agreed, Rich. All the more reason the share price needs to close the gap on fair value. At the moment we are a sitting duck for an acquirer.

[richsmithsmith] 13/11/2016 21:27

Mr R... adding to your comments about valuation.

On page 12 of the new corporate presentation the PEA Copper Production Profile chart is extended until 2031 (another 5 years). No amounts are given and it says "Targets identified for additional mineralization at and nearby BKM have potential to significantly increase mine life and production profile" ... and if you think about it there's 403kts of Copper at BKM. If they extract 25k a year thats 16 years. Five (or more) years at 19m bucks is a lot.

AND... if you think about the heap leach. The 85% is conservative and should be improved upon, 2% increase adds 10m on the PEA numbers. But if you think the mine life looks likely to be extended so it increases the NAV/NPV even more.

And... Tony's recent trip to China was to negotiate a more cost effective development cost. The capex is drawn up to 'western' standards and includes a contingency of 15%.

All this is why I think the NAV/NPV of the BKM project will be increased by multiples of the market cap when its out at the end of Jan.

as ever... DYOR
the most recent presentation is here


the broker note is here


press release about the PEA is here

[mr roper] 13/11/2016 12:14

Agreed,hb. Financing is all that is holding it back. An improving copper market demand and price should makes finance a lot easier to come by

[horneblower] 13/11/2016 11:59

At the moment it's just copper in the ground.
Creating a working mine with customers, political support, infrastructure, transportation and, last but not least, the finance to do it is why it's valued low.
Time and demand should change this but it needs patience.
Come back in twenty months. By then it could be worth £1.

[mr roper] 13/11/2016 09:36

After last week I thought it worth a few minutest to reread the optima broker note....
Note that Optiva already have an 8p target price and that was based on copper at 2. With the current copper price at 2.5 that would equate to approx 11p. Copper at 3.5 would value this at 25p.
A couple of other interesting metrics in the note
heap leach - an 2% increase to heap leach recovery would add 10m bucks to the nav
Mine life -add one year to mine life and you add 19m bucks to the nav

None of this includes Beutong. I think this could be one of the most undervalued stocks I've ever seen. I can understand why TM rates these assets so highly and why he's attracted such a high calibre team to the projects. 12 mths I expect this to be nearer 20p if not taken out by an acquirer