Asiamet Resources Share Discussion Threads

[ianbag] 31/3/2017 11:51

TM was very upbeat, lots of news flow to come as we know but re-confirmed. He is very confident the market will re-rate the company upwards as this news flow unfolds. so good evening. Food was great

[charles clore] 31/3/2017 11:49

Bull flag fully developed and now moving back up!

[geic] 31/3/2017 11:28

Price up 7% now 415 to sell 4.4 to buyBig G

[mr roper] 31/3/2017 10:02

2LB, any indications on what size of funding they'd need for a 10k tonne approach? Did they talk about starting with 10000k?

Sounds like a very good evening.

[adorling] 31/3/2017 09:56

Thanks for the update 2LB.....

[scarymonster] 31/3/2017 09:40

Can we have an update on the food offered at the event.

Last time at the Counting House it was delicious. ;)

[jackbal] 31/3/2017 09:34

2lb - you can address me directly and explain I'm wrong. I did say happy to be corrected if my assumption is wrong.

Are you saying they are considering debt financing now?

[scarymonster] 31/3/2017 09:34

Cheers 2LB, very interesting.

[2lb] 31/3/2017 09:27

Very good event I thought - I am expecting some interesting updates in the next two weeks.

One key point is that TM and PB were doing this presentation because they were here, it's not what they flew in to do.

City conversations have been very very good by all accounts.

Ignore the placing nonsense from Jackal, they have actually been turning cash down.

Clearly funding is needed to go into the next phase of mine development and production but that isn't coming from a retail placing.......

[scarymonster] 31/3/2017 09:14

Thanks for the notes SOS. I had to cancel due to late arrival back in London.

Does it mention the extension to mine life in the new presentation does anyone know? At work and only skim read it but could not see anything.

[jackbal] 31/3/2017 07:58

Thank you SOS for taking time to share the notes that you made. Things clearly still clearly moving in the right direction and the extended mine life may be the surprise to the upside i believe we could do with,

In terms of the next phase of financing I am assuming that means they are arranging another Placing as part of the visit. Please correct me if I am wrong on that.

Also they say that an update is due on the long awaited prod license. Does make me thing that we will get an update explaining past and continued delays rather than granting of licenses. Seems that they are spinning a positive note on the fact that haven't been awarded yet (2 mill cost savings) for failing to achieve the objective so far.

Got a feeling share price will fall below 3.6 - 3.8 level as any significant news now 6-8 weeks away and unless anyone has any other views it seems a placing must be on cards.

Although Ars are saving $ on the prod license delay/difficulties they would be far less diluted when issuing shares in my opinion so I can't view it as a positive, more a consolation.

Again SOS thanks for sharing what you learned with us. It's really appreciated

[adorling] 31/3/2017 07:37

Last slide in corporate presentation is a nice summary for new investors (particularly the last point!)

Why Invest in Asiamet Resources?

-Quality Assets and People
- Focussed team with a proven track record - Indonesia, Discovery, Mine development,
-Funding  Large and growing copper Resource base, solid grade, significant upside
- BKM PEA outlines highly attractive economics
- Assets with potential to grow a +1Billion dollar company
- Strong government and community relationships
- Copper market is rising off a cyclical low value
- Supply-demand fundamentals indicate strong outlook for copper prices
- Asiamet valued at a deep discount for comparable assets by any historical market metrics 
- Expenditure on de-risking and developing assets is 2x the current enterprise value
-Timing- Rare near term development ready copper project
- Outlook for copper price recovery is closely aligned to Asiamet development timelines
- Strong news flow from feasibility studies and ongoing exploration and Resource drilling
- Re-rating anticipated as key milestones are achieved and Company transitions to developer

[adorling] 31/3/2017 07:22

12-15 years mine life for BKM is a huge increase so am very encouraged to hear that from you SOS and thanks for your notes which are much appreciated. Maybe Tony knows those bloody licences for Beutong and Jelai are getting close now.........good to hear that ARS positive vibe was evident - these guys will steer our investment to substantial rewards for those who are patient to see a producing mine.

[soggy] 31/3/2017 07:01

Great news indeed! Let the good times roll...

[mr roper] 31/3/2017 05:39

Thanks Sos, incredible news on the minelife

[sos100] 31/3/2017 05:07

I attended yesterday evening..
from my notes. TM did the presentation but PB was also present.

1. Expect the resources update in 6-8 weeks and meteorological field work update in next couple of weeks.
2. Beutong licence update soon-he did say the delay has worked in the companies favour,saved them the commitment of $2m a year which of course is a lot for a small developing company.Will take $800m to even get that asset into production
3. Feasibility studies will be finished by the end of the year but the process to obtain finance for the development phase has already started..
4. I think there might also some a update on Jelai,someone asked about Jelai, not 100% on what he said but they will monitize it at some point.
5.Baroi is a stand alone project
6.BKM minelife expected to be 12+,advancement from the 8 years on PEA.

even though we've gone from 1p-4p,he called this "chicken feed".

Apologise in advance if there's any errors or omissions,a lot of this is not new but just my brief notes,hopefully someone else can also add..

The main thing for me was a positive very vibe as they gear towards finishing the feasibility studies and moving to development phase of the BKM project.

Ps.-he did mention(as he's done before)50t of annual production equals $1bn company,could that come just from from the BKM and Baroi prospects?

the new presentation is on the website

[jimduggen] 30/3/2017 19:34

Cu price will look after itself and it will be timed just right for production

[mr roper] 30/3/2017 18:32

So's the share price Fred, what a coincidence eh!

[jimduggen] 30/3/2017 17:46

Copper price doesnt mean a great deal to is at this time. Resource increase does

[freddie ferret] 30/3/2017 17:36

Looking at the back page in the business section of todays Telegraph I note that copper is where it was a week or two back when I last looked.

[mr roper] 30/3/2017 16:22

copper lively

[maverick247] 30/3/2017 15:04

Copper climbing again