Asiamet Resources Share Discussion Threads

[monttim] 05/2/2018 18:49

It is well documented a sell out is not on the agenda. Tony and his Board are world class in the area of keeping what’s ours. There would be recommendations by the Board to sell at knock down prices at anything less than a couple of AUD. Remember a lot of our key guys are being paid in shares. They are looking at a long term holding not a weak sell off. There is simply no logical reason for a weak sell off leading into a decade long commodities bull market.

[adorling] 05/2/2018 18:15

What's not to like with a 30p bid now!

[cyberbub] 05/2/2018 18:00

Sounds very encouraging... however the takeout price for Antares (200kt p.a.) is slightly disappointing compared to some of the figures bandied around on this board for possible takeout of Asiamet (25kt p.a., rising eventually to 100kt p.a.)? The implication is that it would be perhaps 'only' 30p or so for a takeout here... although I admit to not knowing anything about what stage Antares was at, before being bought out.

[mr roper] 05/2/2018 15:41

“A junior exporter with a district scale copper porphyry project with access to necessary infrastructure,...”

Now, where could I find a company like that.....

[charles clore] 05/2/2018 15:26

From Mr Rs link belowWhat makes for an ideal takeover targetCopper porphyry deposits, despite their low to medium grades, are highly attractive to major producers for a variety of reasons, including their polymetallic nature, massive size and ease of mining, noted Fulp. "These are some of the largest copper deposits in the world - most of the world's copper comes from large porphyry deposits. Because the CAPEX on these projects will be at a minimum of $1 billion, for a junior exploration company with a copper deposit the only exit strategy is to sell to a major. If the deposit is large enough they can become acquisition targets."Fulp says the most notable example of a junior-held copper porphyry deposit becoming a takeover target is First Quantum Minerals' (TSX:FM) C$650-million acquisition of Antares Minerals and the giant Haquira copper-molybdenum-gold deposit in Peru. The development-stage project has the potential to produce over 200,000 tonnes of copper per year.A major producer's ideal takeover target is a junior explorer with a district-scale copper porphyry project with access to necessary infrastructure, including water, power and transportation networks.Majors are keen on acquiring a project that spans an entire mining camp rather than a small parcel because it limits risk while maximizing opportunities. Controlling an entire mining camp mitigates the potential for outside competition in a region. "If a project becomes an operating mine, the company will need additional land for surface facilities and it is much easier to acquire land at the beginning than during the development phase," said Korzeb.

[mr roper] 05/2/2018 15:23

Copper motoring. Up to 3.25/lb

Chartist in the IC this week reckons the Cu price will be in the 3.6 - 3.8/lb range in H2. Bodes well.

[mr roper] 05/2/2018 14:11

Wait til the deep drill results come in...
hxxps://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/copper-porphyry-takeover-target/

[horneblower] 05/2/2018 13:02

Agreed.
Theoretically the next big move should be to the 19-22p range imo.
Btw, there are no expert chartists, we are all amateurs.

[gymratt] 05/2/2018 12:52

Tightening range, pennant bull flag forming before next surge upwards? Any expert chartists care to confirm? ;@)

[mattjwhity] 03/2/2018 20:52

Great that it's already kicking off Mr R and it's zingy Feb. It's. It till June that they have to bash it out.Although gotta feel for the workers.

[mr roper] 03/2/2018 10:35

Nothing like a bit of mine disruption to boost the cu price

[mattjwhity] 03/2/2018 10:18

https://www.bloomberg.com/news/articles/2018-02-02/rebel-union-push-snarls-relations-at-world-s-biggest-copper-mine

[mr roper] 02/2/2018 05:53

Wouldn’t worry about it. Patience is key here

[pyglet] 01/2/2018 22:36

Persistent seller is a PITA

[mr roper] 01/2/2018 19:25

First time in my life I hoped Goldmans were right.

[cyberbub] 01/2/2018 19:14

Goldman aren't known as The Vampire Squid for nothing. Many people assume they are talking the opposite of their book - whatever they talk up, they're trying to sell into strength....However in this case rationality suggests that copper is indeed in a deficit, and will face increasing demands in future.

[adorling] 01/2/2018 18:57

Goldman Sachs: Copper 12-Month Target Raised To $8,000/MT (Prev $7,050/MT) - RTRSCopper is where it is all going to happen. Goldman also report that they believe the next decade will be one of the strongest commodity bull markets in history.Now who is sitting on a humungous amount of the red metal and can mine it to market in the next decade? BKM, BKZ, Beutong, Baroi...........and more.No brainier eh? But we LTH's of ARS have known that for a while.

[knobbly] 01/2/2018 07:57

Agreed Mount Teide. For me this is the only AIM share that I have held for over 2 years and continually added to - I know I'm not unique in this with ARS.

[barneycosmo] 01/2/2018 06:39

Agree with all above.. great update and interview. Happy to sit tight on my 2 million shares for 2-5 years. If I had cash available I would be topping up. GLA.

[mattjwhity] 31/1/2018 22:14

Awesome update today.Although I fear a flat share price till the end of Feb until it kicks off with BFS close and BKZ and BEUTONG updates even closer.Great time to top up.Copper holding strong above $3.20, would love a strike to kick off a run back to $3.30.Good luck all

[mount teide] 31/1/2018 21:56

ARS has a very dedicated group of high conviction, long term value/growth investors if the Advfn website is a reliable guide.

Scanning back over posts randomly at various intervals during H1/2017 - the number of posters still posting/presumably holding today is about 10 to 1 compared to those who no longer post on ARS - an incredibly high ratio considering how deeply unfashionable LTBH is today, despite proving the test of time over many, many decades.

[mr roper] 31/1/2018 21:12

Once the bfs is produced the value gap should close. It’s a major derisking point for any project. The remaining risks are mostly execution based I.e building the mine itself. Hence, why it’s the most attractive point for any acquirer to step in. We’ve done the donkey work and there is still 12-18mths before the production starts and we are valued as a producer.

[cyberbub] 31/1/2018 21:05

The share price will never suddenly move up to the NPV in the BFS surely? Unless the NPV is calculated with a high discount rate to account for significant risk, perhaps, and people judge that the discount rate should be a lot lower after derisking.

[highly geared] 31/1/2018 19:12

Haha! Very good.
Just listened to the interview; very happy to be invested here.