Asiamet Resources Share Discussion Threads

[yorkie14] 24/5/2018 08:56

If you listen to Peter Bird in the interview from Birmingham a few weeks back he hinted that there would be boardroom changes but stated there was nothing to be concerned about, so been expecting news of this kind for some weeks.

[ianbag] 24/5/2018 08:54

To bring projects through to ultimate production experts in each stage are required, we have clearly reached that stage now. SH skills as a resource finder and evaluation will still be there in the background with his revised role. The next stages of drilling on the various prospects is already planned & mapped out, so no worries there.

So the new appointment should facilitate and expedite the development plan for BKM. I agree SH always showed great enthusiasm about the assets, he did however over-step the mark on occasions in providing timelines, dates, etc which were out of kilter with previously rns'd guidance. That was a tad naughty.

The company is moving forward at speed.

[uapatel] 24/5/2018 08:40

Quite right Highly Geared, Steve remains on as a consultant/advisor so we've still got his knowledge/experience on the resources, but the day to day stuff now will be passed on.

[bubblingup] 24/5/2018 08:38

Looks like someone had wind of this and started the treeshake yesterday. I haven't been in ARS long, but I must say Steve's big-hearted communication style was one of the attractions. I did wonder how being out in the field like that might affect his personal life, which he sometimes made reference to. My best wishes go to Steve and I hope we investors haven't seen the last of him.

[highly geared] 24/5/2018 08:36

Steve remains on board as consultant/advisor + has his shares so he’s still involved. The only constant in life is change....

[homebrewruss] 24/5/2018 08:28

Yes, thought so. Sad to see him go in a way, he's done a good job for ARS but it's also evidence of the company growing up

[billyrayvalentine] 24/5/2018 08:26

...hbr, yes he was appointed as a director back in March and on this proposed slate was to be voted on at special and annual general meeting on May 24th, so no coincidence in this matter, bwtfdik of course ;-)

[charles clore] 24/5/2018 08:23

Goodbye Steve - the face of ARS we all know and love!

[homebrewruss] 24/5/2018 08:21

Wasn't Steve recently linked with Tony Manini's latest early stage Canadian mining venture?

[mr roper] 24/5/2018 08:19

The company is in advanced discussions with several high calibre individuals.

Best of luck to Steve for the future. Hope it all works out for him and his family.

[uapatel] 24/5/2018 08:12

Well I'm surprised, but also glad the company is showing focus. I was worried that we may spend too much time chasing prospects and loose sight of turning a buck. Getting on with the business of making us a producer is good news to me.

[horneblower] 24/5/2018 08:10

Steve's great good humour and enthusiasm will be hugely missed. He made the Proactive interviews a joy to watch. Good luck Steve.

[mr roper] 24/5/2018 08:06

Wouldn't worry too much tbh.

[highly geared] 24/5/2018 08:06

Steve is a big character and will be missed but I think we’ll see a more technical and professional approach on the geological/exploration/operations front and its clear the company now need to bring in mine delivery capability. Tony and a Peter have a clear plan and it will be interesting to hear of the new appointments as they arrive.

[zho] 24/5/2018 08:01

Steve Hughes steps down

Not the RNS I was hoping for

[mr roper] 24/5/2018 07:14

Agree, mr p. All eyes will be on Escondida next month.

[mrpiggy] 23/5/2018 22:17

Mr Roper made mention about the copper smelting plant being shut down in India causing further disruption which the market hasn't taken into account by today's fall in copper prices, the link below on Chilean copper miners wage negotiations this year may also have a large impact depending if and how long the strikes go on for causing a bigger deficit this year. Apologies if this link has already been posted, I've copied the key points. https://www.google.co.uk/amp/s/amp.ft.com/content/fb7b5982-1b94-11e7-bcac-6d03d067f81fWith the refined copper market expected to be in a small deficit this year any supply disruptions in Chile could have a large affect on prices.Industrial negotiations are taking place against the backdrop of a new labour law brought in by Chile's centre-left President Michelle Bachelet aimed at favouring unionised employees. That could add a further test of mining companies' abilities to secure agreement with their workers.As many 15 labour contracts will be negotiated this year in Chile's mining industry, including at Codelco mines and those owned by Anglo American and Antofagasta.Workers at BHP's Escondida agreed to return to work last month but without a new labour contract or any signing bonus, in hopes of negotiating again in 18 months, under the new law.

[bootie64] 23/5/2018 18:05

Adorling, I have been pleasantly surprised with the retrace as I am now fully loaded up using funds that I was (impatiently) waiting for.Hoping your humble pie will in time be replaced with a rather large feast of your own choice together with a nice bottle or two :)

[charles clore] 23/5/2018 17:50

Adorling - I believe we are all here to help each other. Thanks for your comment.

[adorling] 23/5/2018 17:37

HB & CC - I “accused”; both of you for being somewhat negative in posting a few weeks back now for saying that you thought we could retrace towards 10p to fill a certain gap. We did that today and you were right in your prophecy! I shall be enjoying some humble pie for desert tonight!

[mr roper] 23/5/2018 15:10

in wider copper news..not sure if the market has cottoned on to the impact of this yet...Ved's smelter has been closed since March 27 and possibly won't reopen before September 23rd. That's approx half a year's output up the swannee... a cool 200k tonnes missing from the market this year!
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Vedanta Resources plc's subsidiary Vedanta Limited today made the below announcement.

The Madurai Bench of Madras High Court, in the PIL filed against the Company, has stated that the application for renewal of Environment Clearance for the Tuticorin Copper Smelter plant 2 project, shall be processed after conduct of mandatory public hearing and the application shall be decided by the competent authority on or before September 23, 2018.

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The smelter, which can produce 400,000 tonnes of copper cathode a year, is run by Vedanta's Sterlite Copper unit, which is controlled by Vedanta Ltd, a majority-owned subsidiary of London-listed Vedanta. The plant has been shut since March 27, when it was closed as part of a 15-day scheduled maintenance.

[mr roper] 23/5/2018 15:07

thanks for the chart, hb. most informative.

[scottishfield] 23/5/2018 14:01

Hopefully very timely, tks hb

[horneblower] 23/5/2018 13:59

I've added this chart to the header.
It shows the relationship in the past between the timing of the fund-raising done by Asiamet and the subsequent rise in the share price. The delay between the last two placings and the beginning of the following rise in share price was about 5 weeks and about 7 weeks. It has now been about 9 weeks since the latest placing. Further in the past it has been longer.
This is purely for interest. I am not suggesting that the time is nigh, just that this is what has happened in the past.

[yorkie14] 23/5/2018 13:28

I am going for this being the start of the next re rate now.... Onwards and Upwards!