Asiamet Resources Share Discussion Threads

[mattjwhity] 09/10/2017 18:50

Agree Mr R.. we had several attempts at it and then a similar retrace to 2.2s then up she went and didn't even look at 4p.BKZ Tuesday anyone?...

[mr roper] 09/10/2017 18:39

This is starting to remind me of earlier this year when we finally broke through 3p after what seemed to be an eternity. When it came to it though, we were through 3p like a knife through butter. Expecting similar this Time at 5.5p

[osawyer90] 09/10/2017 17:48

I have a feeling something is brewing here . Ars releasing news on a Friday and a Monday that's unheard of in the two years I've been here !

[mr roper] 09/10/2017 16:30

Nice finish indeed!

[tromso1] 09/10/2017 16:30

Good day today. That 5.5p multi-month breakout is looking ever closer.

[x54v] 09/10/2017 16:27

Interesting late pick up in buying this afternoon.

[charles clore] 09/10/2017 16:21

This company sure knows how to raise and maintain interest among the investing community

[x54v] 09/10/2017 16:18

Looks like it.

The RNS today seems to have got a few interested buyers.

Assay results to look forward to next. Another RNS should be soon.

[ryry0707] 09/10/2017 16:18

Bang on the money!

[mr roper] 09/10/2017 16:13

Buys outweighing sells 3:1 today. Some coming through at full ask now. Tick up before close?

[cyberbub] 09/10/2017 16:12

Yes, probably no more than $50M in equity to be raised. The only question is at what price? 10p or higher I would certainly hope.NAI

[maverick247] 09/10/2017 16:04

This and HZM are portfolio makers and i have thoroughly researched both and will reward. Both on cusp of BFS that should rerate the companies significantly

[adorling] 09/10/2017 15:35

Thinking about those options I guess they all believe Beutong will land in November and they will have smashed all those targets and if not then the BFS will bring more institutional investors on board in Q1. The Management Team deserve to make a lot of money as they have always delivered and engaged with shareholders. LTH's will equally share such spoils. Definitely a win-win!

[maverick247] 09/10/2017 15:17

Yep tony wont raise at an unfair dilutive level as he's said enough times!

[the manini] 09/10/2017 15:00

Just to add, the Beutong production licence is likely to land before funding is needed. This should propel the price considerably higher hence minimising the equity dilution further

[maverick247] 09/10/2017 14:59

This is looking great now push through year high and then its new territory

[waterloo01] 09/10/2017 14:59

Thanks. I'll take a look.

[the manini] 09/10/2017 14:57

164m is the PEA figure, the final figure is expected to be lower, perhaps 150m or so and that includes a 15% contingency.Funding is likely to be around one third equity to two thirds debt but the board are keeping all options open. These include joint ventures, offtake agreements and the like.Raising the capital will not be a problem

[ianbag] 09/10/2017 14:55

The PEA is available on the website Waterloo

[mr roper] 09/10/2017 14:53

1/3 equity, 2/3 debt. Have a gander at EMR capital and Mr Manini's other role. Fund raising will not be an issue. If cu is at $3.25 they'll payback in a couple of years.

You might want to check out what Mr Manini did at Oxiana. He's applying the same model here.

[waterloo01] 09/10/2017 14:46

That may be the case, but these things don't normally fund themselves.

Capex billed to be around $165m, which would be one hell of a lot of equity, so they can do offtakes to raise some, but not enough to cover till revenues. so...?

I very happy with the case for copper but as with ATYM, it wasn't the early investors that reaped the rewards, at least so far, as many are only now above water after many years, but those that came in on 1st production.

I'm just asking as I consider if the risk reward ratio is right.

[charles clore] 09/10/2017 14:29

Director share options exercisable at a 35% premium and no director fees for this year gives out the clearest message imho - buy!

[waterloo01] 09/10/2017 14:08

Still pondering ARS and not looked deeply enough as yet, but one nagging question is around the costs to get the main mine to 25k copper (and expenditure on the other assets). What are the expected build costs, cash flow and how is that likely to be funded?

[x54v] 09/10/2017 14:06

Latest assays due soon, early this week according to Steve Hughes

(from 3:05)

[okidokicoki] 09/10/2017 13:57

Would like to see a warrant option for us LTH to raise some capital . Not that we need the cash at the moment . Had some with sound energy and made a nice return on them. Great to see the options at a higher price . everybody knows which way this is going in the future