Asiamet Resources Share Discussion Threads

[okidokicoki] 13/3/2018 16:49

After the last placings this moved to the upside dramatically . Cant see a reason why it will not on this occasion in the coming days and weeks .

[horneblower] 13/3/2018 16:42

Thanks, Ianbag.
I've got to go out but I will try and incorporate that somehow. (The Optiva note is very comprehensive and is in the header).

[waterloo01] 13/3/2018 16:41

Mr Roper, still think you have seriously under-cooked the costs side.

[mr roper] 13/3/2018 16:32

"If Asiamet sold a 40% stake in KSK this could be valued at $172m."

sell 20% - raise 85m bucks and that removes the need for any equity raise to fund bkm. Debt for the remaining 100m.

So many opportunites now for Asiamet. The BoD here really are fantastic.

[mr roper] 13/3/2018 16:29

possibly the only company i've ever been involved where i look forward to the next placing rns.

[waterloo01] 13/3/2018 16:28

Well I was concerned about a placing, but happy with both the price and the reasons. Added a few today.

[ianbag] 13/3/2018 16:24

HB - not seen whole note - but did you see this?

(ShareCast News) - Copper explorer Asiamet Resources was tipped as a 'buy' by Liberum on Wednesday as it has assets near to production and "globally significant" in scale, with its valuation implying it is the "best kept secret in copper".

Asiamet has 2.9m tonnes of attributable contained copper equivalent resources in the ground across two projects in Indonesia at an average 0.62% copper.

Exploration is ongoing and further resource additions are expected in 2018, Liberum said, as is the financing of its initial 25,000 tonnes per year SX-EW mine at Beruang Kanan Main, in Kalimantan. A bankable feasibility study is due in the second quarter and if it proves the resource would deliver 50% of the company's current market cap in free cash slow by 2021 at $3 per lb of copper, analysts said.

Raising the entire equity portion required for development of BKM on AIM would be particularly dilutive, they admit, but believe Asiamet will look to sell a minority stake in its Kalimantan Surya Kencana (KSK) license to a local partner, "which should contribute materially towards the equity required for development of BKM and be highly accretive". If Asiamet sold a 40% stake in KSK this could be valued at $172m.

Their sum-of-the-parts valuation of 20p was double the last closing price, with comparisons with other stocks in the region "imply similar levels of mispricing", said analysts, pointing to a recent bid for ASX-listed Finders Resources, which operates in Indonesia.

[adorling] 13/3/2018 16:17

I hope everyone took the opportunity to either top up today or partake in the placing. The £7.2 million raise is but a mere fraction of the increased asset value of owning 80% of Beutong. Superb raise by Management - well done!

[barneycosmo] 13/3/2018 16:05

Boom, just topped up at 11.85p.

[pyglet] 13/3/2018 15:58

Last chance to buy at these levels

[ronconomics] 13/3/2018 15:55

Last top up of the day. Thanks Bank of SCS.

[horneblower] 13/3/2018 15:23

Arf, Mutti und Farti Industries?

[horneblower] 13/3/2018 15:21

Did anyone find a link to Liberum's note on ARS?

[arf dysg] 13/3/2018 15:20

I'm going to have to raid the bank of MFI.

[horneblower] 13/3/2018 15:18

Best to completely ignore such people.

Excellent news!!!

A placing done pretty much at a premium (to the month's average price) and virtually no price slippage on the announcement, being, as we are, a mere 2% off last night's close.

I was going to wait to see if I could buy some at the placing price but since I am confident the we will double from here in the near future, it hardly makes any difference so I bought another 150k and will look to buy more today or tomorrow (cashflow being an issue).

[2lb] 13/3/2018 14:34

Look at "its" two week posting history - hilarious......

[knobbly] 13/3/2018 14:16

Oh dear. They [Jimmyhoffa26213] have started to arrive already :(

[jimmyhoffa262] 13/3/2018 14:11

Will move back under 11p before moving up