Asiamet Resources Share Discussion Threads

[mr roper] 23/11/2016 09:38

Nick, yes

From the private placement:

"The Chief Executive Officer of the Company, Antony Manini, a Director
and the Deputy Chair, notified the Company on 21 April, 2016 that he
will acquire 322,581 shares of the Company at a price of GBP 3.1 pence
per share as a participant in the placement.

Following the placement Mr. Manini will indirectly hold 14,902,199
(2.4%) common shares in the Company by way of 6,483,566 common shares
held by Antman Holding Pty Ltd and 8,418,633 common shares held by
A.J.M. Investco Pty Ltd. Mr Manini also directly holds 3,812,554 share
purchase warrants (details below) and 3,000,000 options in the Company
with an exercise price of CAD $0.05 per share and an expiry date of
August 31, 2020. "

FYI - TM current has a direct interest in 3%+ of the company

[2lb] 23/11/2016 09:36

So, on the plus side lets see where we are at


An ever improving flagship project at BKM an IRR now in excess of 40%

BKM NAV now likely to be nearer $250m

Resource upgrade for BKM due before January 31

Beutong license due any day but TM expecting it before Dec 31

Jelai license due Q1 2017 with monetisation likely soon afterwards

Clearly a great deal of Chinese interest in the ARS portfolio of projects.

Management confident enough to take options at a premium rather than cash

Copper up from 2.05 to 2.55 and forecast to go much higher though the next few years

Copper market to switch into deficit over the course of 2017-2018 as BKM starts producing

ARS shares increasingly moving into hands of longer terms shareholders meaning that rises in share price will be quick and strong the they happen

TM spending plenty of time in London with no shortage of potential institutional backers for the big move into production

MCAP still £15m!!!

What have I missed?

[nick rubens] 23/11/2016 09:31

If ARS really is so undervalued ( not saying it isn't) and the management so confident of their own talk, wouldn't they be buying the shares and taking a huge slice of the inevitable multi billion market value company?

Did they buy any in the last placing at 3p?

[ayesha4] 23/11/2016 08:43

So so undervalued.

[hawks11] 23/11/2016 08:20

Those worries about China slowing down should watch Guy Martin in China on Channel 4.
I think the concern should be of it bursting.
hxxps://www.thesun.co.uk/tvandshowbiz/2229576/our-guy-in-china-who-when-what/

[mr roper] 23/11/2016 07:53

interesting insights, Dorset. Talk that it's Chinese buyers who are pushing the price up as they believe the growth in Chinese manufacturing is being understated.

[dorset64] 23/11/2016 01:56

Mr Roper22 Nov '16 - 14:45 - 3754 of 3761 1 0
Definitely not a one way bet, if the Chinese economic growth peters out or drops significantly the copper price will drop significantly and the market will generate a considerable surplus.
=================================================

I have just checked in to my hotel in Shanghai and I can honestly say, after not being here for a couple of years, that the number of cranes working on new builds/infrastructure is mind-blowing.

I have never seen as many cranes in one place as I did, years ago when Dubai was in full infrastructure/build swing. Just coming out of the airport there are well in excess of 50+ large tower cranes and the numbers increase along the laborious taxi ride into Nanjing/Nathan Road.

Im also off to Nanjing tomorrow by the high speed train so it will be interesting to see if the same can be said for the remaining of the towns/cities close to Shanghai.

[angus thermopyle] 22/11/2016 23:54

A very strange day price action wise and that last 700k trade does not seem to fit in anywhere during the day bid and ask wise that I can see.

[cyberbub] 22/11/2016 23:34

MMs don't usually hold stock in small Aim companies do they? I'm of the understanding that most will try and square their books each day to minimise risk.

[adorling] 22/11/2016 22:12

Definitely a buy at 2.6p cyber. Several other chunky buys today so not sure why we were down. Maybe MM wanting stock before Beutong licence news in the next few weeks maybe!

[cyberbub] 22/11/2016 21:34

700k trade at 16:22. Was it a buy or a sell - appears to be the former but you would think that the share price would not have fallen if it was a buy. On the other hand maybe the MMs are trying to shake out sells to fill it?

[adorling] 22/11/2016 21:27

Mr R if all those negative events occurred I have no doubt we will rerate and go up! We seem to go down on every piece of good news which reaffirms our strong investment case.

Asiamet BKM deposit PEA confirmed US$204m NPV10 and 39% IRR and we are at market cap of £14.5m! Crazy.

Seriously thinking of building my 5m shares stake further as believe we have derisked significantly now for BKM. Reminds me of the film the Big Short - only a few of us can see the obvious future here and we will make the big bucks for sure! It will happen, it's just a case of when I guess.

[the manini] 22/11/2016 18:38

Richard I'd appreciate that if you you give the NPV/A figures a go..Definitely too risky to be out with huge news due on several fronts.

[maverick247] 22/11/2016 15:48

Tony has given fair warning that licenses are in latter stage of processing. Coupled with a resource update coming soon and any developments on a jv front it really is a case of be out of this at your own perilSelling at this level hoping for a 10% drop to rebuy is risky as they push up the ask quick and suddenly your buying at evens or more!

[mr roper] 22/11/2016 14:45

Definitely not a one way bet, if the Chinese economic growth peters out or drops significantly the copper price will drop significantly and the market will generate a considerable surplus. Additionally, there is always a possibility of geopolitical risk with an investment in Indonesia however, the current President is seemingly well thought off and they seem to be pro business.

On the positive side, TM has been there and done it. He has an experienced team around him of guys who have also done this before. Likewise, the assets are exceptional and the derisking is happening at pace.

[nick rubens] 22/11/2016 14:06

cheers RichSmith

Seems to be alot of trust on TM and almost talk of this being a one way bet, though the RNS's are very reassuring, even though the value of copper isn't assured in a couple of years time.

I hope ARS really does deliver.

[scarymonster] 22/11/2016 12:48

I'd like to go and the only thing putting me off is having to sit through the other company presentation also presenting that evening. I wonder how long each presentation is.

[mr roper] 22/11/2016 12:31

A couple of weeks back, TM was speaking to Institutional Investors and Commodity specific houses. Both interested in the copper story.

[richsmithsmith] 22/11/2016 12:25

Hi NR

How long before another placing is due?
My guess would be towards the end of Q1 2017.

Are the Investor presentations aimed at PI's or the huge corporates that can really advance things?
Both... they're not naming names but they are clearly in London for a reason and that reason is bigger than talking to PIs :)
They've not named names but they did say that wanted to have more than one option and an option to maximise shareholder value.

Would encourage you to come on Monday night if you can... he spent hours with us last time and took us through all of our questions/concerns.

[nick rubens] 22/11/2016 11:58

How long before another placing is due?

Are the Investor presentations aimed at PI's or the huge corporates that can really advance things?

cheers NR

[richsmithsmith] 22/11/2016 11:38

If I get a spare few hours I think I'll have a go at calculating the NPV given what we now know...

[2lb] 22/11/2016 11:32

Yes, agree with Rich, TM has been very consistent about the expectations on the project plan. The only ones that move are those relating to Beutong and Jelai because they are now in the hands of third parties but for operational landmarks when ARS sat they are going to do something then they do it - very professional company using world class contractors and processes on a first rate project.

[richsmithsmith] 22/11/2016 11:04

As certain as it's in the project plan and TM has told me to my face. (Come to town on Monday you can ask him)

[cyberbub] 22/11/2016 11:02

Are we certain the the resource upgrade is due in January?