Asiamet Resources Share Discussion Threads

[mr roper] 07/8/2017 13:43

cyber, I have a hunch the seller finished on Friday. Would be great if so.

[cyberbub] 07/8/2017 13:24

Hmm.... interesting share price action? Let's see if Mr Big Seller reappears in the afternoon as usual?

[mount teide] 07/8/2017 11:00

dorset - more than 400m shares have been bought and sold since the Feb 2017 high - nearly all in the range of 4p to 5p. Contrary to managements assertions, it is highly implausible this volume is simply PI's taking profits and/or doing a little trading around the margins of their main holding.

Institutions and hedge funds will have had ample opportunity during this period to build or dispose very large holdings.

I'm not suggesting Institutions and hedge funds know best, are all selling out of ARS or that one has been given insider info - simply, that they have far better access to management and the opportunity to ask questions on a regular basis, which gives them an investment advantage over most if not all PI's.

For me, post investment due diligence is now as important as pre investment due diligence.

For the record i hold over 2m and have not traded a single share.

Since i consider this the highest risk investment in my portfolio, i watch the investment like a hawk, and routinely do further DD - with the assistance of an old friend, who runs a leading container Port in Indonesia - to stay abreast of developments within the Nation's mining and the SE Asian Port's industry and, Indonesian political and economic news.

[mr roper] 07/8/2017 08:52

best post it on the CHM board. As pointed out above, we've had a production contract for BKM for a number of years.

[abeygale] 07/8/2017 08:32

The annulment (appeal) is likely to be granted for Churchill and they have a lot more evidence this time round to win their case with. Churchill Mining is currently suspensed on the NEX market.

[dorset64] 07/8/2017 08:25

Mount Teide5 Aug '17 - 11:11 - 7392 of 7400

MT going by your own analogy that if one insti is selling then they must know far more than all of us mere pi's, then if true why is there not a flood of shares on the market right now, why is the share price not sub 1p as surely, if you are right, then every insti would be selling everything they own in a canter, which quite obviously they are not doing in any way.

Or are you saying that the ARS management have given insider info to one insti, but are withholding it from all others as again, I very much doubt that to be the case.

Again using your analogy of the insti's know best and in turn they are all now selling out of ARS, then they really must have time on their hands as if they were all selling, then they must each sell circa a few hundred k of shares with each RNS, which will take them years to off-load. Just can't see it MT but understand what you're saying.

I guess you have no shareholding in ARS at the moment then?

[snickerdog] 07/8/2017 08:24

Abeygale, understanding that security of tenure can be a risk, just have to point out that the Churchill case is over they lost, they didn't do their due diligence and check that the people they went into partnership with had a licence. Asiamet have had their full production licence for a number of years now.

[abeygale] 07/8/2017 08:14

Churchill Mining(CHL) will likely get a massive payout. There is usually justice in the long term. I think ROI will think twice about taking away another license such as the one ARS holds.

If ARS had this problem. Then if ARS won ROI then will have to pay ARS over a billion dollars. As I assume the resources ARS have are worth over a billion.

If Churchill win then I guess we may even want ROI to do the same to ARS. Then we can load up cheap and then get full value if win.

[sos100] 07/8/2017 08:10

read the first page of ARS website


as far i'm aware CHL never had a Contract of Work..

[2lb] 07/8/2017 08:08

CHL was a fraud case - hardly the same.

[abeygale] 07/8/2017 07:41

The only risk here is of ROI taking away the license. As in what they did with Churchill Mining. Then ARS will then become a litigation play.
As I remember that ARS is based in Indonesia. Indonesia is one of the most unstable place for mining companys in the world. In which is why the market is holding back on ARS.

[mrpiggy] 07/8/2017 07:36

Oh, that's good, the local builders will counteract any Chinese slow down then, happy days lol :@)

[hjsmc1] 06/8/2017 12:36

If China construction slows it will drop irrespective of future demand in the auto industry. However, local builders remain bullish.

[mattjwhity] 05/8/2017 22:30

https://www.google.co.uk/amp/www.barrons.com/amp/articles/copper-rally-could-lose-pep-1501910169An alternative view on copper to keep things balanced on this board. Barclays and this chap think $2.58 at year end for copper...Good luck all

[the manini] 05/8/2017 15:03

MT if you think there's a valid reason to sell then you must sell. I'm definitely not selling!

[mount teide] 05/8/2017 11:11

Dorset - as with all of my posts, no investment advice is offered, inferred or intended.

It is a fact that equity investment is not a level playing field - despite the claims of the FCA.

II's almost without exception get a far greater level of access to and information from Company executives and Nomads than ANY PI.

Enabling, some II's to make investment decisions that often seem to fly in the face of logic, if compared to the information available within the public domain.

A close analysis of the greater than 400m ARS share volume over the last 6 months and circa 25% share price drop from the Feb peak, not only flies in the face of the fundamentals - it makes little sense, since any large II(which ARS has at least a few), could have easily sold down such a position many times over since Feb 2017.

I generally found that people who do not hold a particular share are far better & more impartial judges of that share's prospects. People who have bought the shares naturally want to protect & promote their investments, and are often emotionally attached to them, something i used to be as guilty of as any. However, since i started to carry out as much due diligence post investment as i did pre the investment, my investment success rate has materially improved and last year helped avoid a circa 35% loss at MPL getting converted into a 95% loss.

With regard to who the ARS seller is, i consider the comments of the otherwise excellent ARS management, could probably be best summed up by the memorable high court comment of the late Alan Clarke MP: i was being "economical with the actualite!".

[dorset64] 05/8/2017 09:33

MT, I like a lot of your posts but this must now be the third or fourth time you have posted the below and its almost become as if you're trying to impress something on us, which I'm sure you're not.

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Mount Teide4 Aug '17 - 19:37 - 7387 of 7390

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

[highly geared] 04/8/2017 20:17

Newsflow seems to have slowed here and with the summer doldrums it's drifting. Were they going to update the PEA or are they going to publish a prelim feasibility or go straight to BFS/ DFS?
Beutong; approval feels to be dragging and 1 year+ in delay from company timeline.As with these things, it could be next week, next month, next year or never.
Drilling results of the greater BKM area should keep LTH's interested but I guess if the BFS is accompanied by finance details that doesn't require heavy dilution , we could see an instant 100-200% rise.
Copper, hopefully it will consolidate above $2.8 for a couple of months before moving up to $3.20 late this year.

[mount teide] 04/8/2017 20:02

Interesting - How do IG insure against upside risk without buying the equivalent number of shares for every long position they take onto the books?

[the manini] 04/8/2017 19:49

Just one note MT, you can't short this stock on IG hence why they indicate 100% long

[mount teide] 04/8/2017 19:37

Since the Feb high circa 400m shares(more than 50% of total), have been traded, and the share-price is currently some 25% lower, with every spike following positive RNS news, mercilessly and systematically sold in to with what appears to be MM connivance and precision.

With the share price close to rejoining the Roger Bannister club(sub 4), laughably, the Management could soon find themselves at risk of having to issue a "we know of no reason for the share price decline' RNS!

IG's clients are 100% long.

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

If a shareholder wanted to realise a profit by disposing a material holding at say 4.75p, the obvious route would be to stop the selling at/around that share-price and, help drive the price up to 6-7p, and then offer the holding to a small cap fund/s that specialise in the sector, at a circa 20-25% discount.

Some of Taptica's (TAP) founder shareholders did just that recently, and got more than 10% of the company away without any problem.

[cyberbub] 04/8/2017 18:44

But 11 million shares is hardly a major holder is it? Decent sized but less than 1.5% - would that have been enough to keep us held down for months?

[europa79] 04/8/2017 17:06

I added at today's bottom too Maverick. It's a no-brainier.......or, if it isn't, then I am!!!!!

[leontitcombe] 04/8/2017 16:55

I was wondering if someone was keeping a tab on how many had been sold. Fair play adorning. You never know that might be the last of it. The second big one being an odd amount.

[adorling] 04/8/2017 16:47

Still a big seller - got to be getting close to being out now. Would love to see some "big" news land in the next 2 weeks and see this go to 7.2p. I estimate close to 11 million shares have been sold by a major holder these past 2.5 months with 44 trades of 250k or over sold.