Asiamet Resources Share Discussion Threads

[lauders] 28/1/2018 06:18

Now if you hold and things go to plan and then ARS eventually start to pay a dividend there will probably be plenty of people here who could afford to live off the dividend! That would be a nice situation to be in if it ever comes true. We are no doubt talking LONG term here! Still have to build up enough of a position here to make that sort of thinking exciting for me, but working on it so in no hurry to see the share price rocket just yet ;-)

[monttim] 28/1/2018 02:44

Thanks for that guys. I am in Australia and things slightly different here. Investments in private name 48% tax less 50% CGT discount if held for more than one year. We have Super and allowed max $1.6 million In pension mode which means tax free. The $1.6 had to set by Jul 17 and cannot be added to by outside money but if total goes up or down with market conditions so be it. Anything in normal super outside pension mode attracts 10% tax. I have just retired at 64 so still learning new rules. I have a mix of both.

[mount teide] 28/1/2018 00:33

oki - indeed - most of ours are in ISA's as that £1m SIPP rule also attracts a hair-raising 55% tax bill on lump sums.

We don't need our SIPP's for income in retirement, so have elected to keep running them to pass on to our sons and their families - as like most youngsters today, with the demise of final salary pension schemes, they will probably need all the help they can get come retirement.

[okidokicoki] 27/1/2018 22:52

Saying that it would be a nice problem to have

[okidokicoki] 27/1/2018 21:35

MT if your shares are in a sipp and your pension goes over a value of a million you pay 40% tax on the lot . So for some they cant hold too long :-)

[knobbly] 27/1/2018 21:08

+1 monttim

[cyberbub] 27/1/2018 17:16

I agree. I would expect/accept 50p-odd by mid year after the BFS.

[cyberbub] 27/1/2018 17:15

Not a problem CC, unless you're under 75 LOL

[charles clore] 27/1/2018 14:27

Mr R - I concur, the alternative for me being to wait until I am 80 for £3 a share

[mr roper] 27/1/2018 13:49

That is an excellent article, MT. A bid of 55-80p this year would get my vote

[mount teide] 27/1/2018 12:37

As alluded to in previous posts we are now seeing increasing validation of the assertion that M&A activity is on a rising trend within the Copper sector - the latest supporting news is the industry reporting the strongest January corporate transactions in 2018 in over a decade.

For what will be driving industrial metal pricing, company valuations and M&A activity over the next half decade - read the next two paragraphs, re-read them and read them again before considering selling any Copper/Zinc mining sector equities over the next few years:

'The combined capital spending of copper producers tracked by Bloomberg Intelligence has plunged by more than half to $52.3-billion last year, from almost $129-billion four years earlier.'

“Copper valuations are disconnected from where copper prices will ultimately trade in the long run,” Cosgrove said in a telephone interview. Assets are being valued based on copper prices below $7,000/tonne, when the cost of bringing in new capacity is much higher, he said. '


Copper deals off to best start in 12 yrs as prices surge - Mining Weekly/Bloomberg



Copper mining deals are off to the best start in at least 12 years – and more money could be pouring into the sector this year.

More than $500-million in transactions are pending or were completed so far this month, the most recorded for January in Bloomberg data going back 12 years. Merger interest is picking up after years of under-investment limited mining companies’ capacity to meet rising demand for the metal, said Stephen Gill, a managing partner at Pala Investments

“We see the large mining companies indicating their need to buy growth,” said Gill, whose mining and metals-focused investment company is the biggest shareholder in Nevada Copper. “Due to years of under-investment, their project pipelines are now empty and can only be replenished through acquisition as it takes years to develop, permit and build a new copper mine.”

The appetite for copper-mining assets is surging after prices climbed the most in seven years in 2017 amid disruptions that widened the shortfall in supply. While the rally has faltered since prices climbed to a three-year high in late December, Goldman Sachs Group analysts say the outlook remains positive. Signs of synchronised global growth also are boosting demand prospects, highlighting the need to bring new copper projects online soon.

Production trailed consumption by 175 000 metric tons in the first ten months of last year, according to the International Copper Study Group. The deficit widened from 143 000 t in the same period a year earlier, after a labour strike at BHP Billiton’s Escondida mine, in Chile, and a temporary ban on concentrate shipments from Freeport-McMoRan’s Grasberg curtailed supply in the early part of 2017, the study group said.

There may be more supply troubles brewing. More than 30 labour contracts are up for negotiations this year in Chile and Peru, putting almost one-fifth of global copper supply at risk of disruption this year, Bloomberg Intelligence analysts Andrew Cosgrove and Eily Ong estimated.

“People forgot about the depleting copper mines or the grades declining at a large amount of the copper mines, plus the elevated strike risk which is occurring in the industry,” Ivan Glasenberg, CEO of Glencore, said in an investor meeting in December

Over the next decade, the market would need 5-million tons of copper from new mines to meet growing demand, Freeport CEO Richard Adkerson said Thursday, citing Wood Mackenzie estimates. New projects being developed have lower ore grade, he said.

“There is a real absence of major new projects on the horizon,” Adkerson said on the company’s fourth-quarter earnings call. “Supply’s reflecting a very long period of under-investments. And even as we speak today with higher prices, we don’t see a wave of new investments being started immediately.”

The combined capital spending of copper producers tracked by Bloomberg Intelligence has plunged by more than half to $52.3-billion last year, from almost $129-billion four years earlier.

The dearth of investments and the difficulty in finding lucrative projects meant less spending on acquisitions last year. The value of transactions pending or completed in 2017 shrank to $1.15-billion, from $3.03-billion a year earlier. Still, in terms of number of deals, the 51 transactions last year targeting copper assets were the most in Bloomberg data in at least 12 years.

To be sure, January’s performance isn’t always a clear indicator of the annual flow of money into mining deals. And $510.6-million in transactions this month pales in comparison to some of the large deals of the recent past, such as the $7-billion sale by Glencore of the Las Bambas copper project to a group led by MMG announced in April 2014. Deals that year reached $11-billion, the highest since 2012.

Still, mining companies will be under heavy pressure to start buying new assets soon, especially with copper prices trading above $7 000/t for most of the past month.

“Copper valuations are disconnected from where copper prices will ultimately trade in the long run,” Cosgrove said in a telephone interview. Assets are being valued based on copper prices below $7 000, when the cost of bringing in new capacity is much higher, he said.

[mr roper] 27/1/2018 11:03

Sitting tight for 2 years and counting so far !

[adorling] 27/1/2018 08:17

“I believe we are going to experience the greatest bull market in mining shares and precious metals we have ever seen in our lifetimes”

Greg McCroach at Mining Investor Conference Jan 2018 South Africa

“It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”

Jesse Livermore from Reminiscences of Stock Operator

Just believe in these 2 quotes and build a sizeable position in ARS and learn to sit through this incredible commodity bull market about to power ahead in the next 7-10 years.

There will be many investor millionaires made in this club but can you really learn to sit tight?

[letsnotpanic] 26/1/2018 20:53

Not sure I get you. All opinion here anyway so no harm giving them. In my opinion we are holding here as we normally do before the next leg up - spurred on by news of a strategic partner or bullish drilling results etc

[cyberbub] 26/1/2018 20:40

It will be good to see it, but always remember that Proactive is paid-for marketing, and rarely tackles any awkward issues. I will be impressed if Steve answers many/any of the searching questions that PIs will probably have sent him!Not saying that ARS is a bad investment, far from it, I'm still here!

[kjawoogie] 26/1/2018 19:29

Charles I look forward to the interviews as much as anyone and provided a few questions for Andrew to put to steve. I was just saying he wouldn't cancel if he didn't have to and he has promised an extended interview which should allow him to go into more detail. Especially as Andrew interviews steve really well.

[kjawoogie] 26/1/2018 19:28

Charles I look forward to the interviews as much as anyone and provided a few questions for Andrew to put to steve. I was just saying he wouldn't cancel if he didn't have to and he has promised an extended interview which should allow him to go into more detail. Especially as Andrew interviews steve really well.

[delboy ars mad] 26/1/2018 19:20

Look carefully who have a lot of shares I don't name names but I sure your work it out .. run for nothing

[letsnotpanic] 26/1/2018 18:05

So who is 'you know who'?

[adorling] 26/1/2018 18:01

Always good to finish the week blue and very impressive string of buying this afternoon. Someone is accumulating a nice holding.......all at below 10p

[delboy ars mad] 26/1/2018 17:06

Nice day for ARS shareholders.you know who is still selling 100K blocks but with them out the way soon and one of magnificent Steve's interviews I can say up up and away to the single digits and wiz through the teens.. Have a great weekend to all genuine Ars shareholders

[cyberbub] 26/1/2018 16:16

OFF TOPIC Yes I agree there is a ticking time bomb for DB pensions. I am lucky enough to benefit from both a private sector one (closed some years ago to new entrants) and also a public sector one.Luckily my public sector DB pension is one of the few that are actually invested, so there should be 'something' available when I come to retire in 15 years or so.Most public sector DB pensions (NHS, police etc) are completely unfunded and are purely a promise from a future government. As is the state pension of course.I fear that for anyone retiring in the same time frame as me, there's a high chance that many DB pensions will be either deliberately reduced (ie. broken promise), unintentionally reduced (ie. gone bust, pension protection scheme takes over), or simply will not pay out at all.... :-(I don't understand the claim though that some major PLCs are hiding their pension deficit - they have to legally publish the figures??

[dorset64] 26/1/2018 15:19

Mount Teide 26 Jan '18 - 10:44 - 11284 of 11296
=============================

MT what you say is of course true, but there is one very large elephant about to gate crush the room, and it will likely affect all of us in one way or another.

When you correctly speak of pension deficits the one thing that the press, industry or investors have yet to cotton on to is the simple fact that of those in deficit, at least they have either been exposed or come out and told their investors.

In the city alone there is say 20% of extremely large blue chip plc's that are not disclosing their own pension deficits at all and for very good reason, as the deficit they have would be crippling if generally known.

Take a look at the largest 25 plc's operating in the UK and I would wager that some 20% or more have kept their own problems private, and even more been covering them up for years. Carillion going bust is only the tip of a new iceberg as I know too well as one or two of my own companies deals with these guys, and there are other large plc's/Co's waiting in the wings to also go bust for one reason or another.

[delboy ars mad] 26/1/2018 14:48

Very strange large buys on no news. Interview delayed to next week but we may have a little surprise coming. Love it Steve bring it on. Oh still a few large sells today (you know who)