Asiamet Resources Share Discussion Threads

[charles clore] 03/11/2017 20:33

If the licence drops next week all bets are off and this will probably power through 10 and 11p like a knife through butter. If it doesn't come there may be an opportunity for anyone with dry powder to hoover up a few more. I hope that will be the case as I have come into a bit of spare cash and it's in the ISA waiting for the right time to top up (which has to be soon).

[ianbag] 03/11/2017 20:14

Think the next brief pause will be around 9p mark as the 4.5p 1 baggers take profits - then 11p in short order. Of course if news drops during that period we could blow through those marks.

[huckle9] 03/11/2017 18:45

Resisted topping up as think it could retrace to 7.8 7.6 if we fall through 8 and I will top up then

[adorling] 03/11/2017 16:45

Another day closer and another huge week. Super gains of many magnitudes will reward those who continue to have the investment maturity to hold outstanding Companies with outstanding Management and outstanding assets. Many multiples yet to come.

[2lb] 03/11/2017 16:23

Holding yesterday's gains under a decent chunk of selling pressure is a great sign to my mind.Beutong could literally drop any day from Monday and that will provide an awesome platform from which to make further advances towards any sort of realistic value , which is quite some way from here....

[scarymonster] 03/11/2017 16:10

Still a fair bit of volume and churn today and if I recall a repeat of the last rise up to just below 7p'ish (the day after) and before the next push? It's like a big pair of bellows it is, in out shake it all about and keep those fires burning baby. :D

[maverick247] 03/11/2017 13:30

Wouldnt want to be out over the weekend a cliche i know lol

[cpap man] 03/11/2017 13:30

A strong break out through the 8p level was always going to have a re-test

If this re-test finds strong support around 8p then ARS will soon be moving northwards again through 10p etc....as there is no resistance left!

[horneblower] 03/11/2017 12:55

Don't knock the traders who are taking nice profits.
It's what they do...and it creates much needed liquidity.
The market is made up of a very diverse lot of people, many of whom know nothing about what the stocks they deal in actually do.
No matter. It allows others to buy at better prices than they could have this morning.

[charles clore] 03/11/2017 12:33

Amazing to think we could end the day down because of profit taking. On the other hand bearing in mind the impending licence and more drilling results due soon any weakness would be a nice opportunity to top up.

[adorling] 03/11/2017 11:43

Find it difficult to believe that people are selling today (taking profits early) when the single biggest piece of news for ARS is about to land in the next few weeks as stated by all 3 Executive Directors. A no-brainer missed by many.

[mount teide] 03/11/2017 11:39

With copper demand forecast to rise substantially over the next decade the perfect storm could be brewing for ARS.

The average grade of copper ores is now below 0.65%. And geologists expect future declines in global copper ore grades to continue at least through the next decade.

Global Copper Ore Grades


Declining ore grades mean miners will have to mine more material at higher costs to recover the same amount of copper. It also means there will be a rapidly accelerating need for new economically feasible deposits ready to be mined going forward.

Due to sharp declines in commodity prices between 2011 through to 2016(which saw copper collapse from $4.5/lb to $2.0lb), as Glencore's CEO recently remarked, no one has been putting money into developing new copper mineral deposits since 2011, and global mineral exploration budgets for new mines have literally been more than cut in half.

As a consequence, if all goes to plan for ARS over the next 6 months, it is probably safe to assume there will be a stampede of large cap mining Company execs, fat cheque books in hand, beating a path to ARS door, that i suspect will need beating off with baseball bats if the ARS team are to get the BKM project through to first production.

[knobbly] 03/11/2017 09:22

Cheers HorneBlower.

> DO YOUR OWN RESEARCH, obviously.

Yes! Always!

In the case of ARS I've emailed Tony Manini a number of times, been on conference calls to him and met him in London.
Can't agree more with your comment - I've lost lots previously on other Companies by not doing this, and 'following the herd'.

[mr roper] 03/11/2017 09:08

Esg, might be worth a look.

[sos100] 03/11/2017 09:00

that will do me!

[mr roper] 03/11/2017 09:00

If it comes in the next 6 mths I’d looking for 30p just for bkm. Add the rest and 50-60p would get my vote

[sos100] 03/11/2017 08:58

it's just a matter of time before a bid comes in (TM would probably prefer one after bkm is in production-similar to what happened at Finders in Aus)

But i just don't know what numbers we could be looking at here...

[mr roper] 03/11/2017 08:55

SOS, I bet Tony and Petes phones are ringing hot! When the bfs drops I’m expecting some takeover or at least Jv interest.

[sos100] 03/11/2017 08:52

Mr Roper-i think your right.

[mr roper] 03/11/2017 08:51

SOS, as I said yesterday, ksk may dwarf Beutong. Either way if you add both together you can easily work out a scenario that gets to a mkt cap of 2bn bucks plus

[mrpiggy] 03/11/2017 08:51

I have spare cash and have topped up yesterday and this morning :@)

[sos100] 03/11/2017 08:47

i'm starting to think we're probably a $1bn company just based on ksk..
up nearly 300% in total but there's much more to come.

[knobbly] 03/11/2017 08:42

+1 to Mr Horneblower. Have you any more on your share pick list? :)

[mr roper] 03/11/2017 08:37

Thanks again for highlighting this one, hb. Hopefully it continues as it has so far and hits some of your longer term targets.