Asiamet Resources Share Discussion Threads

[mr roper] 08/4/2017 21:13

hxxp://www.afr.com/business/mining/rio-tinto-tips-2017-copper-shortage-20170403-gvcnp7

[mr roper] 07/4/2017 20:28

Topped up at 2.5 sell at 25. Not easy hard work.

[the manini] 07/4/2017 19:01

Too right adorling much less stressful and no chance of missing a big move

[adorling] 07/4/2017 17:59

Top up now sell at 25p - much better strategy....

[pyglet] 07/4/2017 17:15

I jest of course - it's never that easy.

[pyglet] 07/4/2017 15:58

Top up near 4 sell near 5 easy!

[parthus] 07/4/2017 14:59

Agreed... but let's not panic !

[letsnotpanic] 07/4/2017 12:27

Was expecting some news this week - when it comes though it will be thick and fast!

[scarymonster] 07/4/2017 12:21

The 381k is my bed & ISA.

[cyberbub] 07/4/2017 11:11

Looks like a Bed-and-ISA there, plus a bottom-end rollover.

[hawks11] 07/4/2017 08:51

No but I try to keep up. China is frightening, hxxp://uk.businessinsider.com/china-building-a-brand-new-city-2017-4?r=US&IR=T
I knew they had vast areas where they were building tower blocks which were not occupied but not whole cities, Mao was a threat but but this may end up worse.

[scarymonster] 07/4/2017 08:30

Is that where you keep your telescope?

[hawks11] 07/4/2017 07:17

I like the tweet by Mines and Money, "We're going to need a telescope to see the #copper price in 2021"
Perhaps it is as well I am having that new bathroom fitted now.

[adorling] 07/4/2017 07:08

JD - our PEA is very much based on a copper price assumption and therefore NPV of the Company. It is therefore important that as we reach production that price has been achieved or what is becoming more apparent from many experts the price is now predicted to surpass this assumption. This will substantially increase our cash flows and value.

The global market has already lost 800,000t Cu this year due to strikes and in a market of 22mt pa - that is not insignificant so I expect to see a strong Cu price rally in Q3-Q4 this year as that deficit materialises against the annual 3% growth demand.

[mr roper] 07/4/2017 06:00

Might not matter to you, Jim but it matters to the company. They can't stop tweeting about it

[jimduggen] 06/4/2017 23:25

Copper price dont matter
All that matters here is production.
Copper price will look after itself
Perfect storm brewing here imo.

[charles clore] 06/4/2017 16:15

Copper is really having fun today. It's swinging around like a yo-yo

[mr roper] 05/4/2017 17:04

Interview with Peter Bird. He comes across very well. "It's not the teams first time in the rodeo" lol

[the manini] 05/4/2017 15:44

Unless they wanted the strike to raise the copper price for future sales... nothing would surprise me anymore

[the manini] 05/4/2017 15:30

Surely it would have cost a fraction of that to have paid the workers what they wanted or at least made a decent offer

[adorling] 05/4/2017 14:03

BHP counting cost of Escondida strike; Chile sees it at $1.3 billion plusWow that is an expensive labour dispute and a huge impact on lost copper production when the global markets need more supply this year.

[2lb] 05/4/2017 12:25

It took us a year to crack 3p

I don't see 5p being too much of a barrier with what's to come

Last day of tax year remember so some profit taking to offset losses elsewhere will be going on....

End of April is a key date for me as will have a license update, metallurgy update, resource upgrade ready for imminent release and a few weeks into a new tax year.

[cyberbub] 05/4/2017 12:22

Looks like a bit of 'round number resistance' at 5p... hopefully won't last too long?

[horneblower] 05/4/2017 11:33

The all time high was 18.5p but that was back in 2007!

The chart is difficult to read but in the main I reckon it will make 9p this time round.

Longer term? Many times that.

[scarymonster] 05/4/2017 11:27

Is it bed & ISA time tomorrow or from the 7th?