Asiamet Resources Share Discussion Threads

[finncairn] 24/5/2018 13:40

Sharepickers.com aka Justin Waite talks Asiamet with a female (not a company employee). Pay particular attention to the graph & what she says. Worst case scenario support could be 8.05p to 8.55p so the last of the bargains may not be gone. Depends if support at 10p hold if not look to I think she said 9.7p. Worth a listen and it's not long

[mr roper] 24/5/2018 13:29

would agree with that entirely, TM.

[the manini] 24/5/2018 13:28

I think we need to be a little more focused now until we have the cash rolling in. You can quickly burn through cash if you spread yourself too thin. The KSK has loads of great targets, plenty we know about already and probably plenty we don't but to me it's a distraction to keep drilling new areas at this critical point in time. We need to get BKM into production asap that is obvious but we also need to create value quickly to ward off a cheap offer from a major. To my mind I think we should leave Baroi, volcano, ringen, Tambang hoi and all the rest and focus on two objectives..Beutong to establish if the East porphyry joins with West, deep drilling and expansion drilling. The other target should be deep drilling BKM/BKZ and drilling to see if BKM joins with BKZ at depth.Those two broad objectives should give us plenty to be getting on with and given what Steve has already discovered should be a formality to plan if it hasn't been planned already. If and when we achieve those objectives then fine maybe start drilling some other areas if the cash in the bank allows.

[dorset64] 24/5/2018 12:57

Good point p_j, perhaps they might just be employing more than one person aka one to replace Steve on the ground in Indo, and another to oversee the development side, that woulds make sense given the increase in the sheer number & size of our assets.

[p_j_s1] 24/5/2018 12:51

While it's true that the company is moving towards development and production at BKM in the first instance, I hope there will continue to be a strong exploration element. We have a whole list of targets in the KSK area plus exploring deep connections between BKM and BKZ, not to mention Beutong. Steve was enthusiastic, proactive and very experienced on the exploration side and I will be looking for the person who replaces him to show similar leadership in exploration. It is not enough to bring in a geologist and have Steve emailing advice. We need someone of similar stature. That said, the company has not put a foot wrong in personnel management yet in my book, so looking forward to the announcement of appointments.

[markth126] 24/5/2018 12:30

Thanks guys just after some reassurance. Long and strong for the big picture. Just a wobble

[arhaych] 24/5/2018 12:08

Markth, he's still remaining on the payroll as a consultant, and he still has his shareholding, sounds like "keeping his eye in" to me?

[dorset64] 24/5/2018 12:01

markth12624 May '18 - 11:48 - 13857 of 13858

Very concerned at STEVE leaving for pastures new, thought he was the driving force. What’s peeps thoughts on this, contemplating selling half holding here to mitigate
=========================================================

Not being unkind here but simply ready any of the previous 20 posts and you will see what peoples thoughts are, and tbh, if you honestly believed that Steve was running the company and the driving force behind it, then perhaps you should sell up.

It clearly states that after 20 years living in Indo, he & his family are moving back to Canada, he's also being retained as an adviser & consultant and will in the next day or two be working for Peter again in another capacity. Its all out there in print if you look for & read it.

Furthermore Steve prowess is exploration in the main, whereas Asiamet are now moving towards mine building and production which requires a different mindset and experience.

[markth126] 24/5/2018 12:00

Yes I understand family reasons but surely you would keep your eye in if you'd built a business with a billion dollar potential! Seems strange

[the manini] 24/5/2018 11:57

He's left for personal family reasons. His replacement will be equally as capable and we're entering a new phase now. The development stage, will require a different focus and different skill sets. They already have good experienced geo guys on the ground. Panic sell if you want but with the newsflow due you'll come to regret it imho...

[markth126] 24/5/2018 11:48

Very concerned at STEVE leaving for pastures new, thought he was the driving force. What's peeps thoughts on this, contemplating selling half holding here to mitigate

[edjge2] 24/5/2018 11:29

Thanks Manini I stand corrected so maybe no chance of entry at 10p

[the manini] 24/5/2018 11:25

We revisited 10p at 9am and pushed up from it

[edjge2] 24/5/2018 11:20

Not strong today maybe 10 revisited

[mount teide] 24/5/2018 10:51

Steve will be a tough act to follow in the field and on Proactive but as the company fast tracks its move from explorer to producer additional management skills and expertise are required - considering the world class assets and the senior management's reputation in the industry, its not surprising to hear that the Board is at an advanced stage in the recruitment process and have attracted some exceptional candidates.

CAML recently implemented a similar high level/Board re-organisation to provide it with the depth and breadth of experience and expertise necessary to take the company to the next stage of its development - its what all successful, well managed companies do.

[bobby1904] 24/5/2018 10:28

I keep seeing lots of theories about why the recent sell off has occurred but in most cases people over thinking things. In simple terms share price is c.700% up in only 18months! There only needs to be 1 or 2 decent sized positions unwound to take profits & the downward pressure occurs. Fundamentally ARS is the same amazing company it was 2 months ago and as next stage of news flow comes in next couple months this will push up to next leg 15-20p imo

[the manini] 24/5/2018 10:03

I think that's what the sell off was all about over the last couple of weeks. I'd expect it to start rising now. The market always looks forward. We'll have new appointments sooner rather than later, a week or two at most I suspect and Beutong 600m drill assays upcoming which if good will definitely move the needle

[mr roper] 24/5/2018 10:03

if you go back 3-4 months, Steve mentioned he'd already recruited a head of exploration. A highly rated guy he'd worked with previously. Wouldn't be surprised to see the new guy get bounced up a level and some new additions to the BoD to expedite mine build.

[charles clore] 24/5/2018 09:50

It looks like we could be in for a bit of a sell off as thoughts of lifewithout Stevesink in, but thats good news for long termers, yes?

[highly geared] 24/5/2018 09:45

The subliminal message is perhaps ‘buy whilst the shares are cheap’... we’re building a big company in the coming years...

[kjawoogie] 24/5/2018 09:40

From Sasha We are transitioning from an explorer to a mine developer. Steve is still going to be working for Asiamet and to be clear, most of his work is in Jakarta as all the areas to be drilled have been mapped out a long time ago with the new areas covered as well. Technically he will still be very plugged in.There is a deeper story but the move is essentially for his family and he needs to take care and he has lived in JKT for over 20 years.There is an excellent team in place, geos and drillers and all the exploration programmes will be going forward.As well as building this mine Asiamet will have a full exploration programme going forward. There will be other high calibre appointments soon.

[dorset64] 24/5/2018 09:22

Sad to see Steve return to Canada but as a company owner myself, I know only too well you don't build successful company's on friendships alone, fundamentals are the key driver.

This is and has obviously been planned for a while now and no doubt, after 22 years, he & his family obviously wanted a move back to their homeland. In addition and with his appointment to another of Tony's company in the coming days, this openly shows that there is no malice at all between them all and is for personal reasons, not business.

In turn and with Steve staying on as a consultant on an advisory role, I would guess that the next guy employed will firmly be more of one that builds and, in time, operates mines as opposed to a bias towards exploration.

With Steve still on board he will soon be able to cast his eye over the drill results etc and offer his wisdom to new areas to drill, so all in all and imo, a shame he is going but the story will not change apart from perhaps speeding up the mine development side of things rather than 100% exploration, we wait and see.

[highly geared] 24/5/2018 09:14

The geologists job is important but plenty of decent technical people out there. The skills needed now are to bring a mine into production and raise finance for it. We have the finance part in place and the strategic skills.
Steve will be missed but in 3 months , a new person will be in place and things will move on.

[adorling] 24/5/2018 09:10

Anyone would think Steve has taken the copper, zinc, silver and gold with him. Please be reassured it is still all in the ground! ?

[mr roper] 24/5/2018 09:06

i remember when Peter B was appointed and Tony moved upstairs, there was the intial panic but Peter is one of the safest pair of hands in the industry. Tony and Peter's track record will attract some serious heavy hitters. We're not far from Production at BKM and we're about to exploit Beutong further. Ask yourself this, who would not want to part of that.......