Asiamet Resources Share Discussion Threads

[highly geared] 01/5/2018 17:30

Reasonable chance of BKZ maiden resource being published next week. The tonnage numbers will be interesting ( based on $500-750 per tonne of material) as it will give a steer to gross value.
Remember, BKM/BKZ doesn’t factor any copper below c. 150M but it’s there... and maybe as part of a deeper porphyry structure.

[mr roper] 01/5/2018 17:16

I’m reckoning they must be about 500-550m down in the Beutong drill. I recollect Steve saying they would assay for each 200m so we could be in for a bumper news period. Wonder if the second drill has arrived on site.

[pyglet] 01/5/2018 17:11

2% per day would take us to 17p in 20 days........if only.

[mr roper] 01/5/2018 16:36

Nice little tick up at the close. News tomorrow? Start the engines...

[cf456] 01/5/2018 16:22

There are certainly plenty of pending newsflow items which can act as catalysts to drive the share price much higher from here.

[the manini] 01/5/2018 16:17

Exactly right Mr Roper. Big move up is coming soon...

[mr roper] 01/5/2018 15:51

Folk always forget just how fast this can move. There’ll be folk on the sidelines thinking all is calm then in the blink of an eye they’ll be paying 13p to get back in.

[snickerdog] 01/5/2018 15:31

Those who have it should out the RSP it's loaded on the buy side with very little beyond 250k on offer around 11.49. Very little meaning nothing

[bobby1904] 01/5/2018 15:31

As frustrating as it is (& believe me I am too) there are loads of investors here who are on 5-10 multibaggers even at 11-12p so there is bound to be a point for sone who need cash & decide to sell. Yes, they could wait & see 20p & make even more but it's not as easy as it sounds to hold on that long, especially if they have other positions to cover, or commitments where cash is needed. I suspect in this slightly quieter period before news ramps up again we will get this selling & probably also at 12p & at again at 13p, etc but when proper big news comes (c. end May) hopefully volume will clear all that selling very quickly & we will see the 20p target hit!! GLAH

[mrpiggy] 01/5/2018 14:20

S.P. It seems to be almost orchestrated, as soon as the buying builds then lo and behold, a large sell comes in to contain the S.P..Volume seems to have no impact!My Piggy brain is telling me something is afoot (something good!)Pig nuts at the ready! ;@)

[mr roper] 01/5/2018 11:25

Expecting this to start shifting shortly. Chart looks good and the forthcoming newsflow should do the rest.

[zho] 01/5/2018 11:02

Peter Bird at the UK Investor show:

[mrpiggy] 01/5/2018 10:57

Read the full post piglet, it's tongue in cheek!I wasn't suggesting that you might sell, I'm just Questioning the motivations of those that do, sorry if it came across that way!

[pyglet] 01/5/2018 10:52

Mr Piggy Not sure why you think I would sell from my comment - merely an observation. You go ahead and sell if you like.

[mattjwhity] 01/5/2018 10:42

https://www.ft.com/content/e15dafc0-4c6f-11e8-97e4-13afc22d86d4The Copper story is likely to get interesting in the next few months.

[2lb] 01/5/2018 10:26

I'd agree with that cyberbub

There are some very contradictory views on surplus v deficit out there but I am certainly thinking 3.50 going into 2019

[cyberbub] 01/5/2018 10:18

With all these predictions of growing copper deficit I can't see the current price ending the year below $3.50 to be honest. It wouldn't surprise me to see $4 next year, just as we start entering first production. There may even be a spike higher than $4.NAI

[2lb] 01/5/2018 10:12

The volumes have been pretty modest over the past week or so.

I think that vast majority of holders are just sitting tight whilst the usual element of trading is always going to go on.

I don't expect anything this week so next Tuesday is where it should all start to gain momentum with three highly significant activities coming along in succession

BKZ Maiden resource estimate
BKM BFS
80% Beutong conversion completion.

Add to these the odd assay results and May / June should see us progress on towards the very reasonable 20p year end target.

Holding 11p is OK for past couple of weeks and the rest of this week.

[zho] 01/5/2018 10:10

pyglet - the trades page is misleading. The first 10 trades are all marked as sells but it seems pretty clear that the trades at 11.2499 and then 11.32 are buys, and those at 11.1525 to 11.175 are sells.

[mrpiggy] 01/5/2018 09:55

We have had some hefty sells over the last 6 trading days (7 if today is red) because it's not worth hanging onto asiamet, its a complete pile of tosh..... well, apart from the fact that we have high grade mineralisation at BKM which is 85% leachable and may well be linked to BKZ as it appears to be a porphyry system.... oh yes, and there's that pesky Beutong Monster system which is a porphyry copper-gold system and will dwarf BKM-BKZ not to mention the fact that we will be mining at BKM in 2020 by which time copper prices will be flying not to mention copious other prospects and the fact that we are within a gnats whisker of the Chinese market by which time the copper stocks will be well in deficit so I ask you..... why the hell would you hold?

[morph7] 01/5/2018 09:28

The data isn't accurate. I wouldn't worry about it. Whether a trade is marked as a buy or sell is just a reflection on if the purchase or sale was at the bid or offer.

[pyglet] 01/5/2018 09:19

Can't believe that all trades are sells at this stage!

[okidokicoki] 01/5/2018 08:27

Does that mean we will be able to buy some of thier big Tonka toys on the cheap if they dont need them anymore ?

[mr roper] 01/5/2018 07:48

Freeport reducing output guidance for Grasberg this year and next
hxxps://www.streetwisereports.com/article/2018/04/30/copper-gold-miner-lowers-guidance-on-slowed-indonesia-project.html