Asiamet Resources Share Discussion Threads

[bluerunner] 26/2/2018 12:32

I added this morning. I have a feeling that we'll be looking back at these prices (around 10p) in a year or two as a complete bargain. IMHO / DYOR.

[tomcorvid] 26/2/2018 12:01

Sasha (IR) explains the selling shenanigans on friday. I wish I could have timed that better and picked some up at 9.25 in the am

[cyberbub] 26/2/2018 11:42

Maybe those 2 large sells last week really were the end of the seller?

[highly geared] 26/2/2018 11:39

Nice bullish engulfing candle on the chart. Good to see value investors out in force.

[arf dysg] 26/2/2018 09:26

Not yet, not yet! I need to buy some more first!

[littlemadam] 26/2/2018 08:55

I see Rio Tinto have had $345m for their aluminium assests. That could do as a downpayment if they're interested in ARS. But there again, Glencore have billions in their war chest. Softly, softly .....

Looks like we're getting ready for the next leg up.

[mount teide] 25/2/2018 16:19

Courtesy of JTC from his own thread for alerting readers to the 'The Taxpayers Alliance Report' on our Real National Debt.

Anyone relying on a State or Public Sector Pension to fund their retirement would do well to study it - makes hair-raising reading and suggests making provision for your own Private Pension/retirement funding might be a very wise move.


Real National Debt: 2015 - (Report with figures up to the end of 2018 due in early 2019)

£1.91 Trillion - Current GDP (Hardly Changed since 2010)
£1.48 Trillion - Public Sector Net Debt (up 55% since 2010)
£1.83 Trillion - Unfunded Public Sector Pensions (up 44% since 2010)
£4.41 Trillion - Unfunded State Pensions (up 20% since 2010)

£8.59 Trillion - Real National Debt

The only area of National Debt to have dropped since 2010 has been Public Sector Bank debt - down 76% from from £1.29 trn to £0.31 trn today.

During 2010 to 2015 while Public Sector Bank Debt went down by £0.9 Trillion, unfunded Public Sector and State Pension Debt went UP by a staggering £1.4 Trillion to £6.24 Trillion - while the economy hardly grew at all!


Change £Trillion to £Billion in the above figures and if you did't know otherwise you could be excused for thinking these were the financial statements of a low growth, free spending African Banana Republic.

Austerity? What Austerity!

[mount teide] 25/2/2018 12:15

"No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant." - Warren Buffett

Moral of the story? Invest in businesses with GREAT MANAGEMENT and OUTSTANDING ASSETS, then sit back and LET TIME WORK ITS MAGIC!

Further to this, history has shown in highly cyclical markets like the commodity and shipping sectors, timing and outrageous good fortune are often behind the greatest investment returns.

TIMING:
Regardless as to the quality of the assets, for markets with very long economic boom/bust cycles TIMING is CRUCIAL.

Following a brutal 8 year recession in the industrial metals and shipping sectors these highly cyclical markets are back to where they were in 2000 - 2002(early stages of the next recovery/boom phase) - THE OPTIMUM TIME DURING THE LAST 16 - 18 YEARS FOR INVESTMENT IN THE SECTORS AND FOR BUSINESSES TO SECURE DEVELOPMENT/EXPANSION INVESTMENT.


OUTRAGEOUS GOOD FORTUNE:

After spending $33m on exploration on the KSK Copper Project, global Industry heavyweight Freeport were guaranteed a 75% project stake if they spent perhaps just $5m more to fund KSK through to the feasibility study stage.

In 2013, the collapse in industrial metal prices saw Freeport cease all exploration in a desperate effort to save cash. Despite highly successful initial drilling at BKM, immediately prior to commencing a comprehensive drill plan to expand the identified zone of high grade mineralization, Freeport stopped funding the joint project and walked away.

Following Freeport's exodus much of the management team responsible for taking Oxiana Metals, an Australian junior miner from a company worth $3m to $6bn during the last (2000-2008) industrial metals recovery/boom phase, identified Asia Met as a junior with the asset potential (thanks Freeport) as their vehicle to repeat the success in the recovery/growth phase of the next commodity market cycle.



Goldman Sachs Commodity Index v S&P500


Goldman Sachs Commodity Index - 20 year chart

AIMHO/DYOR

[okidokicoki] 24/2/2018 15:55

look up Sasha_Sethi and ask to join the group on twitter its a closed group

[charles clore] 24/2/2018 15:33

Cyber - I think it was Mt Teide who posted about shipping if that helps.

[mr roper] 24/2/2018 15:31

Thanks, mrspp.

[waterloo01] 24/2/2018 15:25

which group?

[okidokicoki] 24/2/2018 14:24

I struggle to add stuff on the twitter group as im not very tec minded . But loads of information there

[okidokicoki] 24/2/2018 14:22

It is a very good group on twitter if your not already in it mr roper . Very informative

[mrspp1] 24/2/2018 12:34

Yes on the ars twitter group mainly now

[mr roper] 24/2/2018 12:27

Anyone seen 2lb posting on any boards? He used to be a frequent poster here.

[horneblower] 24/2/2018 11:05

cyber,
Try post 11,643.
There's a useful "search this thread" box provided by advfn in the header.

[cyberbub] 24/2/2018 09:54

Can anyone point me to the post number of that long post about shipping stocks a few days ago? I'm blowed if I can find it. Thanks.

[monttim] 24/2/2018 00:54

Thanks Tom,
Anything of the nature you have just written is absolutely welcomed. Your investing, mining knowledge shines through. Great to have you on board. Regards, Mont.

[horneblower] 23/2/2018 22:14

Welcome tomcorvid and all newcomers.

[tomcorvid] 23/2/2018 22:01

Hi,

Just signed up to Advfn on purely for the strength of this board. I am not expecting to post elsewhere on Advfn but the LSE (Hiss!) board is rather quiet and I like your camaraderie over here. I don't expect I will have much original to say and in that spirit I'll add that I am really excited to see some results from the southern BKM/BKS target. It would be splendid to see some BKZ-style mineralisation and I have been waiting it out since drilling was delayed to prioritise delineating a resource at BKZ (33750-05 11% zn and 500g/t Ag over 5m - this is standalone mine potential in itself, very pleased they kept drilling). I am guessing Steve is itching to get south for a reason (he seems quite interested in drilling the Au rumours at BKW too).

Thanks to Mount Teide for the heads-up on shipping. I have now started to expand my horizons beyond junior resources. I am researching leveraged plays to this market and hope that ppl will be tolerant if I ask a few off-topic questions in regard to this.

I sincerely hope that we are not bought out anytime soon as I have made a big fuss elsewhere about encouraging folk to read the '06 CPR which shows how much mineralisation KSK potentially has and £1 looks pretty cheap on a 5-year horizon given that there could be 4+ porphyry targets all with similar bulk potential and grades to Beutong. With Cu heading for $4/lb + in the not too distant future I would expect that KSK with resources delineated at Baroi, Mansur, Mansur north, Volcano and BT NPV to be worth that without BKM and Beutong included. Still, all pie in the sky until proved up. I'm sure this is all sucking eggs to everyone! Always worth putting on paper though.

Essay over. Best to all.

[waterloo01] 23/2/2018 20:26

Anyone we know? Whoever it's a big change in position.

[bobby1904] 23/2/2018 19:44

The 725k sale was the same seller as the 1m. Frustrating to us longer holders but sometimes people need cash for other reasons. My understanding was this was a holder from way back so probably a massive multi bag. Suppose we will hopefully be in that position one day if things continue on this great positive trend!!!

[barneycosmo] 23/2/2018 19:42

It will be interesting to see how quickly demand picks up after Chinese New Year. I work in an industry where we can see strong / weak pick up post CNY. Interestingly we had a very strong Q4 2017 and Q1 is looking good.... all linked to world economic growth... so long may it continue to help demand for ARS.

[mr roper] 23/2/2018 18:30

China holiday over next week and the copper buyers will return.