Asiamet Resources Share Discussion Threads

[mount teide] 19/5/2018 13:29

With 96% of short term equity traders losing money over the longer term - the welcome additional liquidity they bring to the market is overwhelmingly at their own cost!

[mrpiggy] 19/5/2018 11:37

To put it in a nutshell finncairn they are here for one reason only, like the rest of us they believe Asiamet is a fab company working on the assumption they have done their research but by creating doubt they believe (wrongly) that they influence the share price and buy in cheaper than the current price. Why would anyone spend time and effort on a board if they didn't believe in the company?

[finncairn] 18/5/2018 21:37

Never understood why investors come on to bb's saying a company is to risky then post negativity. If that is your view simply don't invest it's your money & it's your choice as to what you do with it or how you invest it, no one is forcing you to invest it in a company & you don't need to declare it to the whole world but equally don't come on & tell others how to invest their money. I've worked extremely hard for my money & I'll invest it how I see fit because I have done my due diligence & others will feel exactly the same. I have watched this from 1.2p all the way to the present day I've seen many obstacles overcome & as the team of directors systematically tick each box they continue to add value. If your in at 1.2p you have ten bagged, how many AIM stocks do that? You could have 14 bagged too! I also find it funny that the recent negativity comes at a time when people know financing won't be far away aren't bothered about it & continue to top up. Wouldn't happen to be the fact the KSK district is looking like it's connected at depth 31mile x 31 mile? The fact other institutional investors want in on the action still to this day tells me all I need to know about the recent negative comments and these institutional investors make money for a living! Think I've said enough dyor & invest how you see fit but don't de ramp because you want a cheaper entry that's just horrible.

[monttim] 18/5/2018 21:08

Copper price will be forced to go in only one direction , up. As Peter said in his most recent interview, they are in the process of ticking off all the boxes which in turn will release the value currently locked in the various projects. Having a ten year bullish outlook on the copper price is just the bonus we are looking for. The stars are lining up so it seems.

[monttim] 18/5/2018 21:03

Timed to perfection ASIAMET.

[mount teide] 18/5/2018 20:56

New International Copper Study Group (ICSG) report highlights copper's short-term supply-demand balance and potential longer-term split between stronger consumption rates and the global copper sector's forecast capacity to keep up, as a result of "increasingly unsuccessful" exploration according to the Glencore CEO.


Dawes Points Higher copper prices - Mining Journal - this week




Barry Dawes, executive chairman of Martin Place Securities, alluded to new International Copper Study Group (ICSG) data, as well as bullish assessments of the red metal's prospects over the next decade from the likes of Glencore and Freeport-McMoRan, that highlighted copper's precarious short-term supply-demand balance, and potential longer-term split between stronger consumption rates and the global copper sector's forecast capacity to keep up.

Glencore CEO Ivan Glasenberg said in Florida, USA, earlier this year the global copper mine project pipeline had "more than halved" coming out of the recent industry downturn, while exploration had been "increasingly unsuccessful", based on a rolling five-year average measure of global copper resource growth.

Current annual mine production growth was falling behind the long-term, robust 3.5% per annum rate of increase in copper consumption, which could yet strengthen on the back of expansion of the worldwide electric vehicle fleet, and connected infrastructure development.

The ICSG had global copper production at 23 million tonnes in 2017.

CRU data has the EV market creating up to 390,000tpa of additional copper demand as early as 2020 - which was "becoming material" by that stage, according to Glasenberg - but perhaps 4.1 million tonnes of supplementary copper consumption by 2030 if EVs capture 30% of the global automobile market by that time.

Nearer term, Dawes echoed the view of Glasenberg in pointing out circa-20% of worldwide copper supply would be exposed to labour negotiations in 2018, mostly in Chile.

"The supply side for copper is critical for the next decade," Dawes said.

"On the supply side we've got a really high mine capacity utilisation rate [in the global copper sector] and that means that there is less flexibility for increasing supply. And that's a structural issue that's going to be with us for at least 10 years, maybe beyond that.

"There are relatively few new major projects coming through.

"When you think about 3.5% [forecast annual increase on current consumption of] 23 million tonnes per annum, it's basically 750,000tpa of extra copper every single year is required, which is almost an Escondida per year - the world's biggest copper mine - so we're going to have this structural problem for quite some time."

Commodities had been priced for recession and mining companies had cut back on exploration and new capacity development, and nowhere was this more evident than in the copper space, Dawes said.

"[Current copper production] relies on old mines, too," he said.

"Great work put out by Freeport recently … shows that the most important producers at the moment were found in the 1900s, even 1800s, and they're still tracking along providing an important part of the whole marketplace.

"The new project pipeline has more than halved and a lot of the exploration that's been going on hasn't been all that successful, so the copper price has got to go much higher as we go forward."

[uapatel] 18/5/2018 19:42

"...Always with the negatives waves, Moriarty..."

[v11slr] 18/5/2018 19:11

Good for you, lots don't. :-)

[bmcb5] 18/5/2018 18:07

@V11 - really? When I'm short, I openly declare as much. Also the case if i'm bearish.

I'm still doing research here, but overall i feel bullish, and am happy to have a holding which will grow

[highly geared] 18/5/2018 18:02

Last post; it’s not about being a bull or bear per se but providing an object view based on research and facts.

My Achilles heel here has been the timescales in being overly optimistic when milestones will be achieved, particularly the Beutong Production Licence (2 years longer than envisaged!)and the rate of developing BKM. This will always be the case with miners and the biggest risk remains the ability to secure a finance package on BKM. It is a real risk.

However, if a finance package is secured that is reasonable I believe that will be the enabler for ARS to go on to be a mid tier miner.

Of course the main markets are due a crash and commodities could also tank but you have to put your money somewhere

The next 6 months are pivotal here but with good results on Beutong and BKM financed , this will become a $ billion company in the next 3-5 years.

[v11slr] 18/5/2018 17:59

Unfortunately for you trying to convince anyone that's exactly what a shorter would say.

[bmcb5] 18/5/2018 17:52

Am I one of those 3? I assure you I'm a bull

[highly geared] 18/5/2018 17:52

General comment directed at long term holders;

People are looking at the candle charts , seeing the sideways movement and the nearing of support on the long term uptrend.

Introduce some negativity, fear , false truths etc. and scare people into selling. Uptrend is broken, people act on charting and sell and down it goes. Objective achieved, either by going short or a chance to buy lower down.

It’s all fun and games but new avatars arriving are so bloody transparent I laugh now every time I see them.

No stock is 100% and stuff arrives left field all the time but you lays your money and you takes your chances based on the research done and the trust in those running the company.

I’ve spoken with Peter Bird at length, I trust him and that’s good enough for me.

[adorling] 18/5/2018 17:49

Interesting that we have 3 new posters (all joining ADVFN within the last few weeks) all by sheer coincidence have similar views of ARS. Coincidence my ARS! Nice try mate but we know you will move on swiftly as we pass through 15p soon.

[return_of_the_apeman] 18/5/2018 17:47

Calabrian, front seat of the bus for you sonny.

Try not to eat all the crayons before starting your research next time.

[highly geared] 18/5/2018 17:47

Calabrian

Have a look through the last 2 years RNS’s around Management participation in placings, share options, the prices paid and how they pay themselves + managements stake in the company. This can be found in the current company presentation as well.
It will tell you something about boards and shareholder interests.

Also, please inform us when a rights issue has occurred? As for more fund raising and placings, how the hell do you develop a mining company that requires north of $150 million to build its first mine at BKM other than raise cash? Ask JPM as they are the major holder having participated in 2 key fund raisings. Presumably you think the tooth fairy funds it?

BKM will be funded by a mix of debt, equity and ownership dilution at a project level and this will be confirmed Q4 post BFS.

We all make decisions on how/when to invest. I go on the fact Toni Manini took Oxiana from $3 million to $6 billion using the same strategy. Will he repeat it, who knows, but Freeport provided us with c. $30 million free drilling, we’ve spent several million ourselves , will continue to do so and by late 2019 , should have assets with an in ground gross value of $30 billion.

This is a slow burn investment with 2023 the likely end game but if it’s too risky to invest for that time in such an overrated company as this, you’d best look elsewhere.

[europa79] 18/5/2018 17:39

At least we are achieving placings on an ascending level. This is opposite to the normal placing procedures on aim.

[calabrian] 18/5/2018 17:22

If the share price was proportional to the number of posts, this would be at 100 pounds. It's not. This board has its fair share of rampers and gushing opinion. More shares are being issued, more cash is being used, more rights issues to come. More dilution.A healthy balance would be nice. Has anyone even dared to think/dream that this sp/company may not be the best thing since sliced bread? It's not like a mining company ever swindled it's share holders before...Time will tell.

[return_of_the_apeman] 18/5/2018 16:33

Haha, tickets please

[bmcb5] 18/5/2018 16:21

2014 Ranking of Countries for Mining Investment:”
“Where Not to Invest”

"Since 1999, Behre Dolbear has compiled annual political risk assessments in the global mining industry..."

-------------------------------------------------------------------------------------

Indonesia is ranked 18 out of 25, with Canada at 1, and DRC at 25

This was in 2014, and things may have changed since. I haven't found a more recent version yet.
This doesn't account for the Aussie management team. But I would assume that wherever you mine, you would want an experienced management team, so i'm not sure how much of a differentiator that is.

[charles clore] 18/5/2018 16:00

I agree most of us want the share price to rise seadily. But I wouldn't complain if it went to 20p next week! Level headed commentators always welcome.

[arf dysg] 18/5/2018 15:39

Dorset64 (13661) "stating that he's been reading posts on here for 6 months whilst only actually registering today ..."

That has two interpretations. The obvious one is that he's new to ADVFN. The other is that he was also registered under a different alias. How do we know which?