Asiamet Resources Share Discussion Threads

[mr roper] 05/6/2018 21:08

hxxps://www.investing.com/news/stock-market-news/copper-spikes-past-7k-per-ton-on-escondida-strike-fears-1481359

[mr roper] 05/6/2018 21:01

Wow! Cu is super strong. Looking to test 3.30/lb perhaps

[mr roper] 05/6/2018 19:40

Good shout, hg. Cu has taken off. Above 3.30/lb is blue sky and m/a territory in a big way.

[highly geared] 05/6/2018 17:49

Cu has broken through the 5 month descending resistance line. Let’s see where it heads. Beutong drill results will be useful to support things where they are ahead of the BFS that is expected in the next 4 weeks.

[charles clore] 05/6/2018 16:34

Steve was the main face of the company. Of course they will lose a few followers.

[europa79] 05/6/2018 16:30

Added just before Stephen's departure (typical) at 11.44
Added again on the drop at 10.15 last week
Now added again on belief this should be around the bottom......hmmmmmm!!

[mount teide] 05/6/2018 15:38

Why? Healthy selling!

After very healthy gains in 2017, most copper junior explorers are down around 20%-30% to date in 2018. I suspect, largely a result of the copper price coming off its highs in Q1/2018 after a very strong run up in H2/2017 combined with a strengthening US$.

Asia Met bucked that trend - being break even at current pricing this year, although 40%-50% down from peak pricing during H1/2018, which was probably driven to some extent by the 11p placing.

Given the deficits predicted ahead in copper, it is no coincidence that current valuations in the junior sector continue to drive strong M&A activity as intermediate and major producers look to add to their production pipelines.

[europa79] 05/6/2018 15:00

Healthy buying last Friday and now back to 10.13 from 10.75.
Why ???

[charles clore] 05/6/2018 13:45

MT - it's a pity more fund managers haven't seen that video!

[mount teide] 05/6/2018 13:30

Latest research from Mining Intelligence shows that early stage copper projects have grades ONE-THIRD below operating mines and that average head grades have fallen 46% since 2000 from 0.98% to 0.53%.

The next generation of copper mines will not only have less copper but sharply declining grades' the study found.

Operating mines currently have an average grade of 0.53% while copper projects under development have an average grade of 0.39%.

Jennifer Leinart, Mining Intelligence analyst, warns that copper prices will rise. "Miners are struggling with both lower grades and increasing operating costs,"

"Lower grades mean moving more rocks which in turn will require more diesel fuel and explosives, making the metal more expensive to produce."

Jennifer estimates that fuel, lubricants and explosives can make up 25% of operating costs, based on today's prices, using a 40,000 tonne per day open pit copper mine as an example. "Existing mines have been labouring under cost inflation. In 2007 the average operating cost per tonne of copper ore was $14. In 2017 it was $21."


Compare this research to the outstanding drill results of the high grade, near surface BKM copper deposit - where the last two drills produced 17m at almost 4% copper from the surface, comprising 8m at 6.5% copper; at 2m depth 14% copper,at 5m depth 7% copper, and 18% copper from 6m - "phenomenal numbers" according to the ARS team. The second hole just north of the first produced 69m at 1.4% copper: including 4.2m at 12.3% copper from 12m, and 25% copper over a 1m interval!

Targeting the ultra high grade ore in the early years will be incredibly cash generative as it will have extremely low operating costs since its near surface and so high grade, it will only need a small fraction of the ore required at the Chilean mines per tonne of produced copper.

Copper grades at Asiamet's BKM deposit 'off the charts'




AIMHO/DYOR

[mr roper] 05/6/2018 13:04

Think it's all still in the header, Charles.

Could also add a few corporate appointments and bkm financing to the list.

[charles clore] 05/6/2018 12:44

Mr R - I wonder if you would mind listing the expected news over the next few months? I suspect that would be most welcomed by all. Cheers!

[mr roper] 05/6/2018 12:12

Same,sf. Added last week. A couple of 300m intersects of 1% plus cu would do the world of good.

[scottishfield] 05/6/2018 12:07

Yes patience the key here, have sold none and gained a few more.

[mr roper] 05/6/2018 11:53

Guarantee there will be a mad scramble to get in at 12,13,14p plus once the news drops. Folk are always amazed by how quick this shifts when there is a change in momentum. Just need a few big strike's at betting to move the mkt cap up to 300-400m bucks.

"2018 will be a monumental year for Asiamet"

[pyglet] 05/6/2018 11:33

Fantastic buying opportunity now. Wish I had more moolah! The news in the coming 2 months should send this back up on its upward path.

[mr roper] 05/6/2018 11:16

Looks like they're going for one final squeeze on the share price before the betting news and the bkm bfs. All in the next 25 days.

[zho] 05/6/2018 10:06

Thanks Mrpiggy

[mrpiggy] 05/6/2018 09:58

This is the article zhohttps://www.google.co.uk/amp/s/amp.ft.com/content/3cf9a27a-424e-11e8-93cf-67ac3a6482fd

[charles clore] 05/6/2018 09:49

If the price can hold above 9.75p we are safe for the time being. If not, we could be testing 8p. It's a nice chart but with the persistent selling it seems like we are going through a rough patch.

[zho] 05/6/2018 09:44

Mrpiggy,

>>From what I understand zho Beaufort have been using client money and sinking it into higher risk shares ...>>

Ah, I see. Thanks. I'd be interested in the article if it's not too much trouble to find it.

[edjge2] 05/6/2018 09:27

Suppose if Beaufort's clients stuff not sold within transfer window after failure then big S zho.
Looking rather weak but go6 enough of these.
Copper should move up before gold makes its move but little reaction here but KAZ bounced up.

[mrpiggy] 05/6/2018 09:26

From what I understand zho Beaufort have been using client money and sinking it into higher risk shares when the clients have instructed to put it into low risk shares and I suspect the plan was to profit from the higher risk returns and pay the clients the low risk returns.
PwC have been given the job of sorting out this debacle and no doubt have to sell off stocks that Beauforts bought without client permission and return as much cash as possible to the clients.
I’ll see if I can find the article I was reading and post it but it won’t be till later.