Asiamet Resources Share Discussion Threads

[ayesha4] 06/12/2017 11:16

Still so much news due. We could yet see 15-18p by year end.

[mrpiggy] 06/12/2017 11:15

Have you been smoking something Ronconomics?

[ronconomics] 06/12/2017 10:52

I think responses to the challenge of getting a balance between incentive to invest and safeguarding wealth nationally is interesting. I suspect the breakpoints at extension are there to secure divestments in an orderly way.

[mr roper] 06/12/2017 10:39

looking forward to the scout drillng at Baroi..
"The Baroi is one of 38 prospects within the Company’s 75% owned 6th generation Contract of Work covering an area of 129,200 hectares located in central Kalimantan, Indonesia.

Indonesia hosts two of the largest copper gold porphyry deposits in the world, including Newmont’s Batu Hijau, mine. At December 31, 2002 after 3 years of operation, the Batu Hijau mine was reported to contain a reserve of 1 billion tonnes of copper at a grade of 0.55% and 0.42 grams per tonne gold. Baroi displays some similarities to Batu Hijau and the Company is focused on finding this type of deposit. "

"By early 2003 our mapping and sampling had identified a 6 x 5 kilometer mineralized area in the southern portion of the Baroi circular feature and 218 of 238 rock
and channel samples taken returned anomalous values including 6 metres 15.6% copper, 240.5 gpt silver and 0.14 gpt gold (NR03-7)."

[2lb] 06/12/2017 10:28

Already spotted and corrected :-)Which in itself emphasises the point :-)

[mrpiggy] 06/12/2017 10:25

I take it you put "borrow right"on your last post to emphasise your point 2LB!;@)

[2lb] 06/12/2017 10:24

No indeed - they are delivering excellent results and progress. Many AIM companies focus heavily on presentation and gloss without much substance to back it up - Asiamet generally are the opposite.

[jackbal] 06/12/2017 10:19

Maybe the communications from Ars around the whole Beutong subject could be described as sloppy. Can't find anything else to criticise them for!

[2lb] 06/12/2017 10:00

As an example of the level of "accuracy" regards current website - you only have to look at the homepage which now has Steves M&M proactive interview sitting proudly at the bottom right and labelled as September 20th, even though it was last week - sloppy.

[2lb] 06/12/2017 09:56

Yes - it's standard.

The update can only be a positive thing - just best not to read too much into it.

[ronconomics] 06/12/2017 09:52

I had the impression that 20 plus 2 x10 was standard Indonesian law nothing specific but the refresh is intriguing.

[amaretto] 06/12/2017 09:51

Jackbal, simple - third world bureaucracy. Nothing quite like it.

[jackbal] 06/12/2017 09:44

Interesting development re the website and updated license info.

Perhaps JPM are increasing their stake and RNS being held back to be announced at same time?

Anyone else have any thoughts on why this not RNS'd yet?

[amaretto] 06/12/2017 09:28

Just for clarity...

On page 12 of the old presentation it says:

"Title is IUP Exploration Licence. IUP Production License being processed. 20 years and possible two 10-year extensions"

Whilst on page 9 of the new presentation it says:

"Title is IUP Production - Operation Licence, valid for 20 years and with two 10 - year extensions "

Note the missing words, "being processed" and "possible" when referring to the two 10-year extensions and the omission of "Exploration Licence".

Draw your own conclusions.

[charles clore] 06/12/2017 09:05

Without news I would expect the price to gravitate around 10.5. With news of the licence and possibly more metallurgy 13p+ should be achievable imho.

[treadcareful] 06/12/2017 08:45

Heavy reliance on 'mooted' imminent Licence issue and yet again the disgruntled 'Quick gain club' exit. GREAT !!!!!Another buying opportunity.

[horneblower] 06/12/2017 08:41

Copper futures charts in header changed from Dec 17 to Jan 18.

[charles clore] 06/12/2017 08:10

Strange no RNS. Maybe something else happening

[mr roper] 06/12/2017 08:08

Forestry permit for baroi submitted. Once granted we can start scout drilling

[highly geared] 06/12/2017 08:04

The latest presentation is excellent. Nice table of copper grades at Baroi!

[ronconomics] 06/12/2017 07:50

Well spotted adorling.

[adorling] 06/12/2017 07:13

Indeed it does says on Page 9 November updated Investor Presentation

“Title is IUP Production-Operation Licence, valid for 20 years and with two 10-year extensions”

I have checked my files and the October presentation definitely has the word “being processed” in it.

Must be a RNS due then! Could be a day to be quick off the mark????

[monttim] 06/12/2017 02:47

Sorry, I meant I have known some of these guys, meaning TM and some of the other boys running ASIAMET

[monttim] 06/12/2017 02:44

Hi Tektonic,
Thanks for your very worthwhile and interesting contribution. Like you I have been in a long while and as each milestone is passed the story develops even more.
I know some of these guys from previous investments and like you agree totally they are world class.
I believe all our ducks may just be long up at the right here particularly with the price of copper looking to really crank up in 2018.
This is an exciting company and we are only just starting.
Nice to hear your views, keep them coming.