Asiamet Resources Share Discussion Threads

[photon] 26/1/2018 13:36

12:44 Andrew Scott tweets that Steve has had to postpone the interview to early next week - but Steve has promised to do a "more extended chat".13:04 a flurry of buys come in and the price ticks upWell, I for one am intrigued

[mr roper] 26/1/2018 13:35

Someone's buying and didn't need an interview!

[horneblower] 26/1/2018 13:26

Don't get me wrong, I'm delighted with the Beutong licence and with the confirmatory, infill and extension drilling at KSK. However, Beutong is probably 5 years away from mining and Baroi maybe four years away.

Once BKM mining is established, hopefully in the next eighteen months, then BKZ and BKW become reality and then we should be worth 80p plus.

We have an excellent team in our management and board and they know what is required. It's just a matter of time.

[uapatel] 26/1/2018 13:19

Charles Clore,

Fair enough, I very much appreciate Steve doing the interview and adding a personal touch to how the company is progressing. Also as you say it keeps us in the limelight and new potential investors get a upto date insight on progress.(End of the day, it helped me invest here). I'm just hoping they also keep in mind the BFS in the interview and reminds us that they are progressing this as a priority.

Good luck all holders

[charles clore] 26/1/2018 13:11

Kawoojie you wrote '...Think we all agree projects are more important than the interview'Depends very much upon your perspective. The interviews create interest and attract new blood whereas the bfs is awaited mainly by those who already have a vested interest. Until the bfs is published I think our main price driver will be those who see the upside here (interviews help). Post-bfs the big buyers will appear in greater numbers imho.

[highly geared] 26/1/2018 12:18

MT: great post and why it’s all gone wrong; the productive sector of the economy with poverty level private pensions funding the public sector consuming sector gold plated pensions that bear no reality to what’s been put in...
Inequality at its best as directed by our politicians...

[uapatel] 26/1/2018 12:16

HB,

Totally agree, it's why I'm frustrated, telling me 'oh look we found more stuff' is great but probably not going to move the needle much now. At some point the credibility gap will get too big and they need to demonstrate they are capable of actually converting the project.

Happy to be contradicted, but just feel the BFS needs to be focused on.

[buildit1] 26/1/2018 11:56

Exactly. Value Perception of all ARS assets improves dramatically once we are seen as a producer. Still being valued as an explorer currently.

[kjawoogie] 26/1/2018 11:49

Unfortunately it's been postponed until next week I think he is just too busy working on the logistics of the 2 projects today. Think we all agree projects are more important than the interview

[horneblower] 26/1/2018 11:35

Copper in the ground with an operating mine is worth four or five times copper in the ground without a mine.

We need to get mining.

We need that bfs.

[mr roper] 26/1/2018 11:10

What time is Steve on? Anyone know?

[mount teide] 26/1/2018 10:44

The totally unacceptable and rapidly growing UK Public Sector pension liability put's Highly Geared's possible huge £1m ARS investment gain for pension purposes into some perspective.

The average pay for example of NHS GPs stands at £120,000 although some earn as much as £770,000 a year. Consequently, a GP retiring at 65 after 40 years work would be entitled to a taxpayer funded pension of between £80k and £508k, for a personal contribution of around 8% of salary.

Laughably, to earn such pensions in the private sector today the individual would need to have accumulated a pension pot of between £2.4m and £15.3m assuming a joint life annuity at 3% escalation.

Its the reason why 30 years ago every FTSE 100 company offered Final Salary Pensions and why today only 19 still do and, mostly to only a small number of senior staff.

Despite closing the Final Salary Schemes a staggering eleven FTSE 100 companies still have total disclosed pension liabilities, which are greater than their current equity market value. International Airlines Group, BT, and Sainsbury's have total disclosed liabilities worth almost double their equity market value.

We are now witnessing the final demise of Final salary/Defined Benefit pension schemes in the UK private sector, as they have simply become too expensive as an employee benefit.

A typical final salary pension scheme now costs employers more than three times the cost of 30 years’ ago, largely as a result of increased longevity and changing market conditions. A DB pension scheme that might have had an employer cost of 10% to 15% of payroll in the late 1980s now costs the same employer well over 50% of payroll – and that is before any allowance for the costs of paying for large deficits.

These costs come up for debate and negotiation at the time of each triennial actuarial valuation. In previous cycles, it has been the smaller schemes that closed the door on future DB benefits for all their members. Now it is the last few massive DB schemes that are closing down. Tesco closed its DB pension scheme in 2016 and Royal Mail is in the process of closing its DB pension scheme.

Employees in much poorer defined contribution DC schemes will cast a jealous eye on those lucky individuals still enjoying DB pension benefits, reflecting not only on how many Companies now have to channel the majority of their pension spend on propping up expensive DB schemes, leaving little left for their DC schemes (and Shareholder dividends), but also reflecting on how an increasingly large part of their taxes is paying for the 5.5 million public sector workers who continue to enjoy the hugely expensive luxury of a gold-plated DB scheme, including guaranteed retirement at 60 on a full pension, for those over the age of 50 when the government changed the rules a few years ago to make 65 the earliest retirement age for younger public sector workers.

To say there is a huge and still rapidly growing pensions apartheid in the UK today is an understatement.

Most graduate employees retiring today at 60 on a Final Salary Pension, will have been able to take advantage of free university education.

Whereas a graduate today is burdened with a huge education debt, will only be able to save for a pension worth a tiny fraction of most of those currently retiring and, will work until at least 68 years of age to help pay for the outrageously generous pensions of earlier generations, before being able to claim their modest State Pension which is one of the lowest among wealthy EU nations. And, to rub salt in the wound have mostly been priced out of ever becoming property owners.

No wonder youngsters increasingly live for today, taking the lead from our self serving politicians(all of whom have extremely generous Final Salary Pensions) and who recklessly continue to spend far more than they raise in tax(laughably described as austerity by Corbyn's mendacious front bench who want to spend a further £250bn over current expenditure during the life of the next parliament were the British electorate to lose their senses and elect them) safe in the knowledge they will not be around to be accountable for the consequences.

Rant over for the day!

[mr roper] 26/1/2018 09:36

HG, indeed, and that is why we are here!

[highly geared] 26/1/2018 09:02

Exactly Mr R. If copper price really gets going and KSK/ Beutong and Baroi reveal all their secrets we may see some frothy valuations for World class assets, so don’t rule out £2-3/ share however fanciful it seems now...

[mr roper] 26/1/2018 08:22

25kt a year is equal to a 500m dollar mkt cap
100kt a year equals 2bn dollar mkt cap (minus dilution). Way north of 50p either way.

[librayang0925] 26/1/2018 08:08

Believe it is going to go beyond £1 in 2022/2023. Billion dollar asset means more than 1 billion at least

[highly geared] 26/1/2018 07:32

Been tedious holding 250k shares bought at 1.96p and 250k at 3.7p and 200k at 4.4p... Making money in stocks can be a tedious and frustrating experience....! About the long game here and having enough shares as a potential retirement fund come 2020-2022, or earlier.£1.03 makes me a £ million, many others here have millions of shares and can cash out much lower. It may, of course, all go wrong but with Manini and Bird at the helm , I’m hopeful they will deliver; their pay structure demands it!

[mr roper] 26/1/2018 06:13

Been holding for two years and certainly not been boring. Looking forward to the next two to five, unless we’ve been acquired which is very likely

[monttim] 26/1/2018 01:30

Cricket, patience maketh the money. Put them away, dwell on the fundamentals of the company and try and not focus on the daily, weekly and monthly share price. You will be rewarded imho.

[markth126] 25/1/2018 23:17

Well invested here just boring to hold, hope I've got patience for the value to come through

[homebrewruss] 25/1/2018 20:21

Questions invited for tomorrow's proactive interview with Steve Hughes:

[delboy ars mad] 25/1/2018 19:39

Our share is more steady now, nice if we have Steve on proactive investor with a tad of news tomorrow just to hold the price. Copper price looking good. Love your info MR R

[kjawoogie] 25/1/2018 07:55

Look at gold price v gold miners it's similar to copper price v miners. Generalist money will come into the miners soon

[horneblower] 25/1/2018 00:00

Try WTI, a medium sized copper producer in Namibia. Well run imo.

[mr roper] 24/1/2018 16:59

copper belting it today!