Asiamet Resources Share Discussion Threads

[mr roper] 12/7/2017 15:26

Dovish tones from Yellen, copper could benefit.

[the manini] 12/7/2017 11:41

Sorry let me clarify that last post. I should have said that they were already probably already over the 100 day mark when the rns dropped

[mr roper] 12/7/2017 11:41

TM, I think we're around day 150 or so now out of 180 days for the short test

[the manini] 12/7/2017 11:38

I think the short column heap leach tests are due to finish this month Mr. Roper. That's what the rns said and the day count from the date of that rns to the end of July is 170 days so I'm assuming they must have already been underway when that rns dropped. We should have short column results news in August

[mr roper] 12/7/2017 11:10

still, on a more positive note

we should be getting news on a few fronts over the next 2 months...

1) Approx. 140 days into the metallurgical studies, so the short stem tests should be wrapped up in the next 2months.

2) Drilling updats from BKS and BKW

3) Interim Feasibility Reports...end July/August

4) The Production license that shall not be named....

[charles clore] 12/7/2017 10:37

I agree Mr P - could be!

[mrpiggy] 12/7/2017 10:11

Just a theory but might the sellers may be Canadian TSX investors selling since we delisted ??This seems to defy logic!

[mr roper] 12/7/2017 09:53

a pain in the ARS

[littlemadam] 12/7/2017 09:48

How many millions does our seller have to offload? Looks like he/she is still with us.

[charles clore] 12/7/2017 00:11

I can't see the Beutong licence making any difference to the share price myself. Would be nice to be proved wrong but this will stay in the doldrums until the copper price begins to motor imho.

[mr roper] 11/7/2017 19:44

Can't disagree with that approach, 2lb. Back to sleep now

[2lb] 11/7/2017 17:23

Don't forget the usual drag factor of copper rising Mr R! I don't watch ARS anymore , it's a waste of time , only serves to annoy with the irrationality of the whole thing Value will out , it won't be days or weeks and may take many many months or a few years , but it will get there, or if it doesn't we may end up with annual dividends dwarfing MCAP and even AIM isn't that stupid.....Another day nearer the Beutong license......

[mr roper] 11/7/2017 16:00

yawn

Monday - Buys outweigh sells 4:1 Result: Tick down
Tuesday - Sells outweigh Buys 30:1 Result: Tick down

[mrpiggy] 11/7/2017 14:39

The research was carried out at the University of Southampton by scientists studying the spread of so-called animal coronaviruses. These coronaviruses 'host jump' to humans from the likes of pigs and birds and examples include severe acute respiratory syndrome (SARS) and Middle East respiratory syndrome (MERS), which both cause severe infections with high death rates.Ignore the above.... Pigs are beautiful!!

[mrpiggy] 11/7/2017 14:09

Mattjwhitty. Another new market for copper!Apologies if anyone has already posted but here are two articles about the use of copper in hospitals to combat super bugs, apparently mrsa can only survive on copper a matter of minutes whereas on glass and other surfaces it can last days!As super bugs become more resistant we will see widespread use of copper in hospitals.....door handles, operating tables etc.Apologies once again if this has been posted. https://www.google.co.uk/amp/s/www.washingtonpost.com/amphtml/national/health-science/the-bacteria-fighting-super-element-making-a-return-to-hospitals-copper/2015/09/20/19251704-5beb-11e5-8e9e-dce8a2a2a679_story.htmlhttp://www.dailymail.co.uk/sciencetech/article-3312010/Hospitals-soon-covered-COPPER-ward-diseases-Metal-kills-deadly-bacteria-minutes.html

[mr roper] 11/7/2017 10:53

looks like the seller is back from their long weekend break...

[amaretto] 11/7/2017 10:48

Manini, I would write to the company if I thought I'd get a straight answer but really, what response to you think I'd get if I was to ask, "Dear Tony, given the extra [unplanned at this stage??] drilling you're planning at BKS & BKW will you try and raise another million or so over the next couple of months to fund that"?

Mr Piggy, I've listened to that podcast as well, about three or four times and it's fantastic, everyone should listen to it. I agree, the company want the value up before they go looking for the serious financing. As I've repeated over my past couple of posts, the primary reason they're doing the extra drilling on BKS & BKW is to demonstrate similar deposits there to BKM thus extending the life of the mine by up to 4/5 years, thus getting a far better deal on the mine finance. The extra drilling is therefore a good thing, perhaps driven by the better than expected results from the drilling at BKM.

My point is that they raised approx GBP2mill with the fundraising and GBP800k with the Jelai sale to fund drilling and the feasibility study but, and this is the big but, did they envisage this extra drilling when they raised that money or, as is my contention, did the better than expected results at BKM and the prospect of getting better financing for the mine encourage them to drill some more [unplanned] holes in BKS & BKW, which maybe wasn't in that budget?

If it's the latter then that is no bad thing as an extra GBP million around about now in order to fund the work to collect data that would extend the mine life by 4/5 years (as per podcast) would be fantastic as the dilution we'd suffer when the main block of financing arrives to develop the mine for production (mix of equity and debt) would be substantially less. Nevertheless, if it was the latter there would be an equity raise and we'd be the last to hear about it. All I'm trying to figure out (via a discussion on here) is whether this new drilling is in the budget or not as this would give me a clue as to whether one is likely or not.

We all know that Tony is pretty savvy when it comes to 'shareholder value' so he may well wait until the Beutong licence lands on the doormat, he might wait for the Copper price to breakout a bit or perhaps wait for a few holes to be drilled at BKW & BKS indicating a correlation of deposits with BKM. All these things would push the price up further to where it deservedly should be, thus maximising shareholder value. It's all up for discussion.

BTW Manini, I'm in broad agreement with your post number 5931 regarding future financing and have based my own calculations for eventual shareholder value off the Mkt Cap split between just over a billion shares. If we could get the share price above the 12p you've hypothesised then that would be a bonus. If we do that by sacrificing another GBP million down at this price (or slightly higher as per points made in previous paragraph) in order to facilitate a better financing deal then that is hardly too onerous. Who knows though, the one thing I do have faith in is that Tony will do what's best for shareholders.

[mrpiggy] 11/7/2017 09:54

Jeez, this damned iPhone.... don't know why the word picture appeared in my last post.... typo error!

[mrpiggy] 11/7/2017 09:48

If you listen to the last podcast at about 17 mins the interviewer asks about financing of BKM, Tony replies that he wants the share to capture as much value as possible before an announcement is made regarding financing. Reading between the lines does that sound like they are planning a placement any time soon?Why would he say that if they were planning a placement?I'd be surprised to see one in the next few months from what was said in the last picture podcast!;@)

[mr roper] 11/7/2017 09:44

nice post, oki. Totally agree

[okidokicoki] 11/7/2017 09:34

I bought my first share here on the 07/03/2016 so class myself as a LTH and have to say i have never worried about my investment. The management here are not playboy directors! They are mine builders and its in their blood. Many institutional investors would love to be in this share before the BFS but they are just not allowed . They know the managements track record and they will be loving it that the price is staying so low. 10p/15p should be where we are right now, our market cap is ridiculous to say the least. But as i said at the start i am a long term holder who will be here for a long time into the future .If in that time they need to raise money i would not worry for 1 second because the way the management go about their business the placing of say 1 million would add 5 times that in the long run . DYOR

[horneblower] 11/7/2017 08:45

I think the way things are, companies who raise funds for cashflow go for about 18 months worth because that is what the market will bear.

Since companies do not like to get too low on cash they may go earlier to the market depending on events and their share price

It could be that ARS can last out until production, but predicting when that is can be difficult and directors will not want to find themselves in a situation where they run out of cash.

I will not be surprised, or disappointed, if they feel the necessity to top up the coffers to give themselves a wider margin of error. This applies because I have a level of trust in the management not to screw things up or simply take us for a ride (like some other AIM co's!).