Asiamet Resources Share Discussion Threads

[cyberbub] 04/7/2017 16:23

I was looking at this in the 1p days but didn't buy, sigh... my average is 2.8p now...

[amaretto] 04/7/2017 16:22

Scary, that must take you over the 3 million point. Commitment!

[scarymonster] 04/7/2017 16:20

Well I'm in it to win it. Added 300k to my Sipp today.

Just wish I had been around in the 1p days with a bit of foresight.

[snickerdog] 04/7/2017 16:15

18 months ago this was 1p - Manini is one of the best mining finance guys on the planet (look up EMR Capital) Oxiana ground upwards over time (even then making huge profits) and then just went mad (there making investors many multiples).This is a very exciting time to be in this space

[the manini] 04/7/2017 15:18

If they wanted to raise money it would have been done on the back of the resource upgrade. They don't. Not for day to day running. We are fully funded through to BFS. Going forward after that Institutions or a partner will be funding us

[cyberbub] 04/7/2017 15:10

Personally I wouldn't care if they wanted to raise the odd million to see them through, that's the purpose of the capital markets after all, and at a £30M market cap the dilution is small. But if they do, can they just get on with it please!

[mount teide] 04/7/2017 14:58

Since the Feb high circa 365m(50% of total) shares have been traded, and the share-price is currently some 25% lower.

On the previous two occasions this year the share price traded above 5.3p, it took over a month to decline back to 4.25p. Since the high last week, it has taken just 4 days to fall back to circa 4.25p. Now nearly 25% down from last week's share price peak, post the stellar resource update RNS - laughably, the Management are at risk of having to issue a "we know of no reason for the recent share price decline' RNS!

IG's clients are 100% long.

As Harry Markopolis commented on equities "If the selling or buying seems to be totally illogical, its usually because those doing most of it know something the majority don't!"

[knobbly] 04/7/2017 13:35

cyberbub. Yes - correct.

BKM mining due to commence during 2019.

[knobbly] 04/7/2017 12:44

Ayesha,

"It feels like a placing."

Your feelings were proven badly wrong on COPL and then BNN.
Why do you think your skills are more sharpely honed when you discuss ARS?

[scarymonster] 04/7/2017 12:28

This is AIM it never does what you think it will do. We have had a seller around for a while now dampening things down when ever it warms up. Is that enough to stifle a breakout? I don't know.

I still think it will rise soon but probably not when we expect it to.

I'll be sticking around for a while yet and have been adding to my holding at these prices.

[knobbly] 04/7/2017 12:25

Dorset,

"...plus the fact that without a licence to extract it doesn't really matter how much you have in the ground if you don't have a permit to remove it."

You do realise that the license ARS are waiting for is Beutong?
ARS can dig out all they want from BKM with their current production license.

(Sorry if I'm teaching you to suck eggs here!)

[charles clore] 04/7/2017 11:55

Dorset agreed the licence needs to move forward. I also wonder to what extent there is concern about political or country risk as that may be causing the selling by long termers.

[dorset64] 04/7/2017 11:37

I would rather agree with 2LB in that there is quite obviously something holding the share price back here, and not just one of an insti or a number of very large pi's selling out, as this has now been going on for months after months after months, so you have to look for a reason as to why.

Going forward we are fully funded according to the BoD's so that points to there not being a fund raising coming soon, irrespective of what one or two idiots might continuously post.

We have gone from inferred to actual meat on the bone so that can only be a positive, We have seen our core products increase in price month after month with, according to whom you speak to, a pending deficit year on year of copper which can only help the mechanics of opex for us.

We have seen increased deposits on all of our assets over the past few months with no 'bad' news whatsoever, so what is actually holding us back?

My guess and that's all it can be is a little pi selling along with the T trade brigade selling out on any news, plus the fact that without a licence to extract it doesn't really matter how much you have in the ground if you don't have a permit to remove it.

We now need to move mountains in order to get the government to finally ratify the production licence and allow us to get moving towards productions as, when we do, imo the share price will then be rocketing northwards and not too much before.

[2lb] 04/7/2017 11:15

That's fair enough CC, and clearly it's just opinion, but I firmly believe it remains hugely critical , purely on credibility terms.

I know of a number of individuals who will buy in the millions of shares as soon as it appears.

[charles clore] 04/7/2017 11:13

2LB - I have y doubts as to the influence on share price of the Beutong licence. However I hold in hope

[mrpiggy] 04/7/2017 11:03

Well said Snicks, pig bite for you Ayesha if I can find someone so transparent!

[2lb] 04/7/2017 10:55

SP wise we haven't moved on from February so that's five months of basically flatlining at a time where the copper price has rallied well and the company has made very good progress with the BKM project resulting in an excellent upgrade.

The problem here is the Beutong production license, which the company itself has always made a big song and dance about on terms of the size of the asset, coupled with that fact that what we dealing with the Indonesian government.

As such the issue is not at all about the size and quality of the asset but its all about credibility and trust - ARS is viewed by a minority as too risky because of the risk of any and all mining rights being taken away at some point in the future and the endless wait for the Beutong license adds fuel to that fire.

On the flip side if it is granted "soon" or "shortly" or "within a month"or "in the not too distant future" or in any other of the ASR BoD timescales that we have had for the past 2 years then that removes a huge amount of risk and also will be a MASSIVE boost to the credibility of the company and as such we will see that value of the portfolio of assets quickly begin to reflect in the price.

If I were ARS I would be throwing everything at getting that license sorted, to the point of camping outside the ministry office. It's a natural progression as they need to work hard to get the price up in order to get the best possible deal for BKM financing.

[snickerdog] 04/7/2017 10:54

Horneblower can we block this idiot Ayesha? Ayesha do you not think that your incessant actions of talking the stock down when you want to buy more are slightly criminal ?

[ayesha4] 04/7/2017 10:21

This should be near 10p. The fact it is near 4p suggests a nailed on placing to me. The same thing happened after the PEA. If there is one, they need to get it out in the open fast.