Asiamet Resources Share Discussion Threads

[adorling] 26/3/2018 09:40

That really shows the strength of our relationship with the Indonesian Goverment and Ministry of Mines. 50 years of BKM is great news especially as we suspect we could be joined at the hip with BKZ etc.

Well done Management!

[cf456] 26/3/2018 09:39

"Working closely with the GOI to achieve this outcome represents a significant milestone for Asiamet."

"Achieving security of tenure and the fiscal framework for the KSK project significantly enhances our ability to deliver value for all our stakeholders both through the development of the BKM Copper Project and the discovery of further nearby value creating opportunities such as the recent BKZ polymetallic deposit."

[2lb] 26/3/2018 09:38

Asiamet Resources Limited ("ARS" or the "Company"), through its Indonesian operating subsidiary PT Kalimantan Surya Kencana ("KSK"), is pleased to report that ahead of moving into the project financing and development phase for its BKM copper project in Central Kalimantan, it has successfully concluded long running negotiations with the Government of Indonesia ("GOI") to amend its existing KSK Contract of Work ("CoW") to secure long term mining tenure.

[ifthecapfits] 26/3/2018 09:36

Link please as not shown above.

[cf456] 26/3/2018 09:36

RNS just out

[librayang0925] 26/3/2018 09:33

Hi mate, could I have a link to your header pls

[horneblower] 26/3/2018 09:31

If you look at the last chart in 'More Charts' in the header you will see that the last two times we were in this (chart) situation, it was not until the bull triangle gets to the very last point before the price starts to rise properly; and it always has a false start before the end.

This seems to be what is happening this time. The point where the triangle meets is somewhere in early to mid April.

My fingers are crossed that we are still below 12p when the new ISA year begins!

[kaos3] 26/3/2018 09:30

so much superb human energy spent on this BB. I wonder if this energy would be channeled into ARS on ground - what an acceleration would it get? like 3 experts working on field non stop? can it be done I wonder.


thanks to all anyway for your contributions

[horneblower] 26/3/2018 09:22

Too much buying to stay down for long. ☺

[adorling] 26/3/2018 06:56

LM - agree with your thoughts on China. My money is definitely on an IndoChina ARS buyout once we mine our first lb. of copper. Trump and his bluster trade tariffs will soon realise he has less minerals to build all his new US infrastructure plans (by the way meant to ask when are they starting Mr President?) so the US will watch the Chinese economy power on.

Nothing has changed for ARS. The world needs copper and zinc and the global supply chain is going into deficit very shortly so “we ain’t seen nothing yet” to use the phrase of Tony Manini and as Peter Bird our CEO said recently “Asiamet is only just getting started”.

Better week for ARS as we lead into Easter. Become a sticky LTH of ARS shares and create some meaningful wealth in your life in just a few years. 20p by June very much on the cards IMO.

[mount teide] 25/3/2018 21:52

cyber - 'No matter what you think of him politically, it's not really the sort of stable, predictable policy framework that encourages investment.'

I would agree but, what Trump is also doing that is having a positive effect on business investment is reducing costs to companies through deregulation, tax cuts and trade reform.

On coming to office, Trump ordered government agencies not to impose any net new regulatory costs on companies, and said that in order to write any new rules they would have to repeal two old ones. Because it takes time to unearth and discard dud rules, the practical effect of this has been to put a brake on new issuance.

The new approach in Washington does seem to have boosted business confidence. The 'tone' of regulators has changed, with the slowing flow of new rules reducing regulatory uncertainty. The percentage of small firms reporting regulation as their biggest concern has fallen from 20% a year ago to 14% today. Another sign, perhaps, is that the overall optimism of small businesses surged after Trump's election as President to close to an all-time high, and has yet to fall back much.

The latest economic forecasts and the increase in pace of interest rate rises, suggest's Trumps deregulation policies are translating into faster economic growth.



LM - From his discussions with the authoritarian regime in Beijing, Niall Ferguson the economic historian said he was surprised to learn the Chinese were pleased to see Trump in the White House as he is someone they reckon they can do business with. They said they would have had a much bigger problem doing business with Clinton should she have won the presidency because of her "human rights stuff".

[cyberbub] 25/3/2018 20:45

Every politician's first priority is getting elected. Their second priority is getting re-elected. Rational, positive, sustainable policy which benefits the maximum number of people is a very distant third priority. As long as people understand that, they will understand why politicians act as they do.Having said that, Trump is a particularly egregious example of a vain, venal, and cynical politician. That would be understandable bearing in mind my previous paragraph. The worrying thing about his regime is the irrationality, continual chaos, repeated about-turns, and gleeful destructiveness of all norms of civilised behaviour. No matter what you think of him politically, it's not really the sort of stable, predictable policy framework that encourages investment.

[mount teide] 25/3/2018 17:10

HG- 'I see Trumps narcissism and ego has put a spanner in the markets'

Like most things Trump does the threat of him allegedly triggering trade wars is being hugely overblown by the MSM.

Since Trump acknowledged he is looking for re-election, his actions in this connection will i suspect be token as they will have been conceived largely for his supporters - consequently, the action taken will probably prove to be very modest in terms of its overall economic impact, with little if any direct commodity market impact, before business as usual is resumed with the market fundamentals continuing to grind industrial metal pricing higher over the years ahead.

[pyglet] 25/3/2018 15:48

Thanks zho

[mount teide] 25/3/2018 15:43

HG - 'I suppose we should defer to the latest presentation rather than speculate'

This is exactly my point - put yourself in the position of a prospective investor using the Asia Met website to research the company.

The latest Company Presentation dated March 2018, has the following information:

KSK Project: BKM Copper Deposit
First production: H2/2019 - page 5
2019 Production: 15,000 tonnes - page 16

Its complete nonsense and highly misleading - that's why i asked Sam Quinn of Silvertree Partners LLP, who acts as Asia Met's Company Secretary, to clarify the accuracy of the presentation content with management because, with the increasing focus in recent years on corporate governance, the role of the company secretary has grown in importance. In many ways, the secretary is now seen as the guardian of the company’s proper compliance with both the law and best practice.

Where equity investment is concerned, I have plenty of evidence to support that being a hard taskmaster and a stickler for detail, accuracy and consistency in all company statements and communications for the businesses i am invested in, is responsible for a very material percentage of my overall portfolio returns.

As is meeting management at investor presentations, particularly informally afterwards, where i can stand in front of them and ask some extremely direct questions; so direct, it often shocks many other PI's listening close by.

Always remember - its mostly hard earned money that investors are trusting the management of companies with when making an investment in their business - NEVER be afraid to ask management extremely direct questions and, as a minimum expect very high standards of governance and integrity.

If you fail to secure clear, accurate and consistent answers to your questions or evidence of clear, accurate and consistent communication in company statements query it immediately - if you fail to receive a satisfactory response, review your investment accordingly.


AIMHO/DYOR

[mattjwhity] 25/3/2018 13:55

https://www.thenews.com.pk/print/296324-copper-surges

[librayang0925] 25/3/2018 11:25

Asiamet will reach over 1 pound eventually

[zho] 25/3/2018 11:18

Off topic -

pyglet - if you're still there - A J Bell are offering incentives to transfer accounts:

"Exit fees can make moving your accounts too expensive – even when you’re transferring to a cheaper provider.

"But when you move a Stocks and shares ISA, pension or Dealing account worth £20,000 or more to AJ Bell Youinvest, you won’t just benefit from our lost-cost dealing fees. You’ll also get up to £500 to cover your transfer costs, so you’re not out of pocket.

"We'll pay up to £35 per investment moved and up to £100 for general exit fees, up to an overall maximum of £500 per person."

[highly geared] 25/3/2018 09:26

SOS/Cyber ; good posts. I suppose we should defer to the latest presentation rather than speculate over likely mine start dates. A starter pit would make obvious sense.

[sos100] 25/3/2018 07:05

i think some shareholders posting here may have missed the 12/10/2016 rns when they (again) employed AMDAD (Australian Mine Design and Development Pty Ltd).These guys are experts in designing and engineering mines of similar terrains in se Asia

"AMDAD has over the past 27 years completed the engineering evaluation, planning
and development for many highly successful open pit mine developments in
South-east Asia similar to BKM. John Wyche, the principal leading the BKM
engagement has over 30 years of evaluation, development and operation
experience in open-cut and underground mining across more than 90 projects in
Australia, the South Pacific, South East Asia, China, North America, Mexico and
West Africa."

TM covered this on the podcast

[cyberbub] 24/3/2018 23:22

Yes that was my understanding too, a starter pit to generate cash flow and then build up from there...

[monttim] 24/3/2018 18:26

Add the t, THIS is a wonderful site ...