Asiamet Resources Share Discussion Threads

[2lb] 23/3/2018 10:32

Tax year end selling Profit taking Placing shares hitting General market wobbles Trump comments Natural retrace from highs No one thing just an compound accumulation of factors , none of which impact the outlook here over the next 12-36 months

[zho] 23/3/2018 10:30

bobby1904 - take a look at the copper chart at

[bobby1904] 23/3/2018 10:27

Anyone have a theory (other than Trump v's China) on why so many sellers of ARS this week after such big buying last week? I realise profit taking when we were at 13-14p but any thoughts why so, much lower down here at 11-12p?

[barneycosmo] 23/3/2018 09:52

Just topped up at 11.44p with 53k of shares,

[mr roper] 23/3/2018 09:48

Asiamet is growing up quickly. That's a slick presentation.

[mr roper] 23/3/2018 09:43

new presentation

hxxps://www.asiametresources.com/i/pdf/20180321-Asiamet-Presentation.pdf

[dorset64] 23/3/2018 09:42

Hi edge, your comment above 'CU will outperform AU but silver holds better prospects' intrigued me.

I hold quite a lot of silver in both paper & physical form so am interested in your thoughts of Silver outperforming Copper right now.

With copper coming off a long term low and now rising, with it also in the next 9-15 months going into deficit why do you believe the returns from this point of silver will far outweigh those of copper?

I'm in both so am cool either way but for me, the impending longterm increase in copper prices will far outweigh anything that silver will do within the same timeline of, say the next 5 years but am happy for you to prove me wrong.

[edjge2] 23/3/2018 09:07

Mid east bluerunner is not tropics. CAML also a good one. Kaz dropping a bit so may be worth a poke HOC looks on its ars from political upheaval Peru. Paf may worth a look.
Anyway thanks for welcome got a feeling CU will outperform AU but silver holds better prospects if you can stay on that bull. TSX KL shows real promise. TSX SHOP too prehaps. If you're not familiar with these take a gander. CEy is good but not if middle east blows

[bluerunner] 23/3/2018 08:50

Edjge2- I only started investing here in January - added 3 times since - so it is good to have another new holder here. ARS looks a very solid investment over a 3-5 year time line. Lots of news flow and great video/podcasts involving the management team.This bulletin board is full of experienced and knowledgeable investors (me being the exception). I also hold CAML which report results on 10 April. They pay a dividend as well. Again, very interesting over the coming years.Regarding climate, I lived and worked in the Middle East for 2 years so know about the humidity and sun. But 300 inches of rain is a real challenge.

[edjge2] 23/3/2018 08:41

Couldn't resist being a silly ARS this am so joined you people.
11p probably not broken so got in just above. My truck stalled for the moment.
bluerunner my wife comes from Sabah in Borneo. Luckily only rained for 3 days continuously on my visits, humidity is worse than 28-30C temps. Sun like a blowtorch.
Volcano erupting in philipines may increase local rain.

[gymratt] 23/3/2018 08:33

Looks like you were pretty close there, adoring. Bottom possibly in. Just took another 30k. Lots of dry powder in case of any 'madness' though!

[gymratt] 23/3/2018 08:09

Charles,
My truck is reversing as we speak!! ;@)

[highly geared] 23/3/2018 08:08

The management focus is to optimally develop the assets. The BKM BFS has been delayed 3 months to ensure metallurgy inputs were as good as possible and that engineering and other studies came together to present the best possible BFS for financing.

They’ve been overly optimistic in the past as many thought Beutong production licence was going to be granted in 2015.

At the end of the day , you either invest, trade it or sell. It’s a 3-5 year hold for the big returns if you believe and trust the BoD.

Markets and investors are fickle, last week ARS was the best investment going....

[bluerunner] 23/3/2018 07:56

Thanks MT. As you say, the climate issues should not affect the timing regarding supply-demand 'sweet spot'. (I'm still trying to get my head around 300 inches of rain in 6 months. 3 inches of snow is headline news here and the UK grinds to a halt).The tone from management has been overwhelmingly upbeat and they appear to provide forward guidance regarding future developments.

[jailbird] 23/3/2018 07:23

At least 12 months in fact

[jailbird] 23/3/2018 07:15

Well researched there MT.Resource projects are fraught with challenges beyond the Cos controls.Hence the delays of timescales But you bring up a valid point .Weather can play havoc with project targets. I have seen that in a couple of other stocks. I think one is Indonesia as well .I think it is wise to add another 6-12 months to these timescales Then you have SPL/ MPL. But that is another story :-)

[charles clore] 23/3/2018 01:32

Sub 11p looks increasingly likely. I have the truck waiting!

[mount teide] 23/3/2018 00:55

br - 'so construction at BKM in H1 2019 and production in, say, H1 2021.'

The management's long regional experience previously led them to factor in 18 months to two years for the mine construction in earlier presentations - ie;two full dry seasons - which seems realistic considering the remoteness of the terrain and highly challenging climate.

This still hits the predicted commodity cycle sweet spot timing wise for copper, so hardly a setback, other than for the impatient.

However, conscious that management would want to avoid another mistake like that made with the prediction for the timing of the Beutong licence; to produce a new Company Presentation dated March 2018, which continues to guide the investment community with H2/2019 for first BKM production was most surprising.

That's why i re-read the Copper Resource Estimate Report - since it took the highly competent CAML Management team close to two years to build a similar sized heap-leach copper production facility at Kounrad - on land as flat as a pancake and in an area not affected by monsoon weather.

Consequently, i find it difficult to believe H2/2019 now remains remotely viable since it would require building the entire facility in barely 12 months(6 months of which would see 300+ inches of rain!) - have written to ARS management for clarification.

AIMHO/DYOR

[bluerunner] 22/3/2018 23:27

MT - so construction at BKM in H1 2019 and production in, say, H1 2021.How much of a set-back do you think this will be time wise?And, given the experienced management team, won't they have already foreseen this and have factored it in?

[mount teide] 22/3/2018 22:06

While the huge upside potential of the 25,000t/PA BKM copper project largely speaks for itself - its worth remembering that if the management want to hold onto both BKM and Beutong, then the fast tracking of BKM is probably essential, particularly if the 2018 Beutong deep drilling programme dramatically uplifts the copper tonnage.

In this connection, after re-reading the 'BKM - 2017 Copper Resource Estimate Report', came across some information that I missed on first reading which is likely to present a significant challenge to the BKM fast tracking programme - The Climate in Central Kalimantan.


I had assumed the annual rainfall at BKM would be similar to that experienced across much of the coastal Indonesian peninsula, around 150 inches or so a year - I was wrong.

The Resource Estimate Report has the following comment:
'Rainfall at BKM is reportedly around 8 meters per annum resulting in frequent and
rapid changes to river levels (rises of 2 to 3 meters in river levels are not uncommon). Erosion is rapid, resulting in steep-sided river valleys where landslides are common.'

The wet season across Kalimantan and the wider Indonesian Peninsula lasts around 6 months and runs from November to April. The report indicates that BKM's central, elevated location on Kalimantan experiences over 26ft(300+ inches) of rain during the 6 month wet season - more than double that at most coastal locations.

Having spent many, many years in equatorial, tropical and monsoon regions and experienced first hand the impact rainfall of monsoon intensity for many months can have on the delivery schedule of civil engineering projects; I am now pencilling in late H2/2020 to H1/2021 as the most likely date for first production from BKM.

This estimate assumes construction commencing at BKM at the beginning of the next dry season in May 2019.


AIMHO/DYOR

[adorling] 22/3/2018 21:16

The good news is that all our copper will be sold within Indonesia or exported to AsiaPacific Countries so ARS should not be too troubled by any tariffs US impose on China. Likely to see China buying up significant quantities of copper or as is their current practice just acquiring the whole Companies!

[adorling] 22/3/2018 20:50

Just need to hold through choppy waters when the global markets take a drop - we have been there before with ARS on the climb from 2p to over 14.6p! Very happy to see another buying opportunity for the new ISA year.

[scarymonster] 22/3/2018 20:06

Tomorrow may be a bit choppy if the mad cow keeps falling. Down 700+ so far tonight.

[adorling] 22/3/2018 19:09

I think 11.75p will be the Best Buy offer as bounced of this support 5 times hence my 2 buys earlier today. Happy to off-load those “extras” at 15p for a quick 27% profit.

[plasybryn] 22/3/2018 19:02

Someone said it had to fill the gap at 11.5p. Didn't seem possible at the time, but now looks likely. Once done we can move forward.