Asiamet Resources Share Discussion Threads

[scarymonster] 22/3/2018 11:01

Get them to set you up as individual dealing accounts with your Isa's then you will only be paying 2 charges per quarter?

[littlemadam] 22/3/2018 10:43

Hi guys. Sorry to bother you again. A week or two ago I asked about ISA charges with ii and you mentioned there is only one charge (£22.50 a quarter which are credits) to cover the dealing account and ISA. I raised this with ii and it transpires there is only one charg per quarter if there is an individual dealing account, which is linked to an ISA. My partner and I have a joint dealing account. So between us we will be paying for 3 lots of credits. That's £270 a year. I have said to ii that our aim is to buy and hold long term in our ISAs. I have just ARS shares in it. I have said to ii their system encourages short-termism, which goes against the principles of an ISA!! Seems unfair and wrong. Any comments?

[jlondon] 21/3/2018 21:52

Two M & A news: Indonesia Copper

1) "Eastern Fields gains majority control of Finders Resources."- Australian Mining, 23 hrs ago, 21 Mar 2018

Link:

{Finders Resources was mentioned by Liberum broker note dated Feb 2018 on ARS re: M & A]

Link: [provided the link with thanks]

2) Grasberg Copper project, Indonesia
Indonesia*s state mining co lining up finance to buy the stake dated 21 Mar 2018.

Link:

Tweet: "Indonesia*s Inalum expects to line up Freeport*s sale bank financing soon."

[arf dysg] 21/3/2018 16:23

Well, I did say that one quotation appeared on a different board.

Those are all good quotations you give.

[okidokicoki] 21/3/2018 15:24

Arf Dysg sorry to burst your bubble but i quoted it on here a while back about the thimble, bucket Buffet quote. Not that it matters but it is a very good quote. The man is very wise . Some more quotes:“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1” ......“Someone’s sitting in the shade today because someone planted a tree a long time ago.”.......“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”............“Our favorite holding period is forever.” Warren Buffet

[mr roper] 21/3/2018 14:30

going to be interesting in H2, when they drill BKS. What are the odds that BKZ, BKM and BKS are all connected by the same structure.. place your bets!

[mr roper] 21/3/2018 13:38

updated the list now, 2LB. Cheers

[arf dysg] 21/3/2018 13:20

littlemadam (12584) "Did someone quote Warren Buffet here?"

I believe I did: "When it's raining gold, take a bucket not a thimble." (1274 on the CAML board)

or Warren Buffett on emotional discipline: 12426 on this board

[2lb] 21/3/2018 12:54

Mr R - I would expect that Q1 should still include a confirmation RNS that 80% of Beutong has been secured.

Shares were admitted to the market yesterday, cash is in the bank but we still need to sort the paperwork and pay the cash over, until that point it's still technically a proposed use of proceeds.

The market likes certainty so getting that confirmed, followed by the initial drill results would really start to bring this asset to life and allow some real value to be attributed.

[mr roper] 21/3/2018 10:46

Next steps as i see it.. we're going to be busy

Q1
Remaining BKZ assays
Beutong working interest increase
Q2
BKZ Jorc Initial Resource 1
BKZ Jorc Initial Resource 2
Beutong - first drill assays
Beutong - 2nd drill and assays
BKM - feasibility completion
BKM - KSK CoW finalisation
BKW - Drill/Assays
BKS - Drill/Assays

Q3/4
Beutong drill/assays
BKM - Funding/partnering finalisation
BKS/BKW Drill/assays
Baroi ?

[horneblower] 21/3/2018 09:43

You know it's a fine investment when the locals chat at the bar drinking cider and snacking on gold bars as the share price drops a tad without anyone having the slightest misgiving, safe in the certain knowledge that, as time passes, the price will resume its long journey north.

[cyberbub] 21/3/2018 09:34

The problem with buying low value-density metals like copper is that the storage costs will eliminate your long term appreciation profits.

[ifthecapfits] 21/3/2018 09:23

Coming from Dorset one presumes - thought you might like the local stuff - you know flat with with a inch or tow of sediment in the bottom. Watch out for the head in the morning!

[dorset64] 21/3/2018 08:59

A quick search and found this on the web, you can actually buy multiples of 1 ton lots of copper.
===========================================================
'1 ton lots of copper for storage are perfect for the serious investor who wants to take a position in copper, but doesn't want to store the lot themselves. The approximately face value of 1 ton is $3,000 face value. The lots are put together strictly by weight, but $3,000 always come very close compared to the weight'.


*The first 6 months of storage are included in the price*

hxxps://portlandmint.com/shop/product.php?productid=7&cat=4&page=1


HB, my own guilty pleasure is Thatchers Cider :)

[horneblower] 21/3/2018 08:50

I find Snickers bars more satisfying.

[dorset64] 21/3/2018 08:48

lol cyberbub, I have a good idea of one for sure!!!

I might buy, as you say for interest sake only a couple 1kg bars of copper myself. I have quite a few 1kg bars of silver stored for me and some smaller sized gold bullion too, so I might just add a couple of copper bars too lol

[cyberbub] 21/3/2018 08:13

Dorset I have a couple of 1kg bars of copper in my house, but strictly for interest's sake, as they're only worth a fiver each! LOLThe best way to 'buy' copper (or precious metals) for their appreciation value is to buy an undervalued but prospective miner, to benefit from leverage... any ideas?

[horneblower] 21/3/2018 07:59

I've added a link to Carube Copper in "Useful Links" in the header.

[zho] 21/3/2018 07:34

Mount Teide

Many thanks for the reply

[dorset64] 21/3/2018 07:29

A bit left field but it would be interesting if you could 'hold' copper in the same way that you can hold gold & silver.

For instance I hold a small amount of gold and a far higher amount of silver but not personally, but in vaults and online. With copper going into deficit, and if you could actually buy & 'hold'/stockpile physical copper it would also right now be a great investment to start purchasing physical IF you believe the price in the future decades to double/treble or more.

I'm guessing due to its low price right now that theres nothing remotely similar to being able to hold such metals.

[mr roper] 21/3/2018 06:28

Copper futures dropping below the 200dma for the first time since 2016.

hxxps://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/copper-prices-fall-ahead-fed-reserve-meeting/

[kjawoogie] 21/3/2018 05:34

https://www.ft.com/content/ab449d00-2c34-11e8-9b4b-bc4b9f08f381

[kjawoogie] 21/3/2018 05:32

China set 'to dominate the world' in electric cars: Ivanhoe chairmanLausanne, Switzerland (Platts)--20 Mar 2018 1138 am EDT/1538 GMTChina is set to be globally dominant in the area of electric cars and talk about impending Chinese economic meltdown is nothing but that, executive chairman and founder of Ivanhoe Mines Robert Friedland told the FT Commodities Global Summit Tuesday in Lausanne, Switzerland."I think it's just silly to think that China's going to collapse," Friedland said. "I see zero chance of a material disruption. None."Among other indications of its continued vitality, he pointed to China's large-scale solar and wind power projects -- with generating units rivaling the Eiffel Tower in size -- as well as auto production of 27 million units and plans to ramp up to 60 million units in the near future. Many of those cars will be electric."And they're going to sell those cars all over the world," Friedland said. "China is going to dominate the world in electric cars."He cautioned those who envy China's stockpiling of raw materials that will be the building blocks of the batteries that drive those vehicles."You can't fault the Chinese for buying up all the copper and cobalt. You can't fault them for being intelligent," Friedland said. "In fact, I'd advise you to join them."Richard Adkerson, vice chairman, president and CEO of Freeport-McMoRan Inc, agreed with his fellow panelist's assessment of China."Every year there's been predictions of China falling apart," Adkerson said. "They have done a remarkable job of keeping their economy together."They both agreed global copper supply is likely to outstrip future demand, as well."The rise is on the demand side, not on the supply side," Adkerson said. "There's not going to be any huge, I feel confident saying, huge major upside surprises on copper supply."Friedland said five or six tier-one copper mines would have to come online to adequately meet future demand.New projects take some eight to 10 years to reach the production stage. "It's not going to be something you just turn on the spigot and there's going to be huge supply," Adkerson said.