Asiamet Resources Share Discussion Threads

[bobby1904] 07/6/2018 15:24

It's many US$ billions!! Beutong has a 2.3 million ton contained copper resource. ARS will soon have 80% of the project. The gross value of that at US$3.20 per pound is something like US$14billion! Take 80% but then obviously all the capex etc off. But headline is flipping enormous. And as Peter said today the current drilling is hoping to not only validate that resource but potentially increase it!!!

[okidokicoki] 07/6/2018 14:49

The simple fact is the world is going to be needing alot of copper and we have loads of it . Will not take long for this to start motoring upwards . Look forward a few years and this Market Cap is ridiculous at present levels for the amount of resources we have. No brainer

[edjge2] 07/6/2018 14:32

I'm happy with 20 should it arrive, probably nearer the mark for now but suspect the train will roll a bit oncem it starts with real news.

[mr roper] 07/6/2018 14:29

lauders, i'm sure you'll have read it, but i went through the liberum note again yesterday for the x hundredth time. It's compelling. 20p fair value with the added optionality from BKM BFS, Beutong to come...i see a 3x

[lauders] 07/6/2018 14:27

fair value is around 20p now imho.

Some brokers would apparently agree with you Mr. Roper: listen in at 10.40-10.50 minutes/seconds into the VOX Markets video.

[mr roper] 07/6/2018 14:09

fair value is around 20p now imho.

plenty crocs in the market valued far higher whilst lacking the mgmt and assets we have here. Remainder of the year will be transformational

[edjge2] 07/6/2018 14:06

CEO boosted us to approaching fairer value, 12+ IMO. Maybe the rush comes in when some woke up.
Lauders capitalised one of the HTTPS so should go as a clickable link, so will try it when I have time to listen, certainly worth that, helped my ISA anycase!

[mr roper] 07/6/2018 14:04

excellent volume today as well. near 2m buys, it would seem the seller is gone.

[mr roper] 07/6/2018 14:03

PB really is a class act. Clear, concise and knows the assets inside out.

"The time is right for copper and we're in the box seat"

[lauders] 07/6/2018 13:56

Agreed bobby1904 - A very confident and competent sounding CEO with a great track record it would seem. Here is the link in a working link format I hope!

[bobby1904] 07/6/2018 13:54

Peter always sounds great doesn't he! Beutong a "significant Porphyry on a global scale". 1st 600m hole drill completed - "top of hole looked very interesting"! Lots of news flow to follow

[mr roper] 07/6/2018 13:42

as i frequently say, this moves so fast there'll be a mad scramble to get back in for those who've been out thinking nothing will happen. We know the news is coming and it's coming soon....Could be back to 14p pretty quickly imho and then the news will drop..

not often you hear PB talking about wafi golpu, cascabel and comparisons to beutong....Just think what 80% of beutong and extension to the resource at depth would do....I still think we could see an share price in the 30's this year.

[haydock] 07/6/2018 13:40

Barchart:

Pivot Point 2nd Level Resistance
10.532


10.500
Price Crosses 18 Day Moving Average Stalls
Pivot Point 1st Resistance Point
10.391

[bigbigdave] 07/6/2018 13:35

Seller done here?

[haydock] 07/6/2018 13:35

Off to the races ????

[2lb] 07/6/2018 13:22

Trading very weighted and sitting at 10.75 v 10.82.

Copper breaching and holding above 3.30 would be a material boost.

The much talked about "news rich period" really needs to get going now....the time for "soon" and "shortly" is up.

[mr roper] 07/6/2018 13:19

copper just rang the big bell!
3.300/lb..

let's see if it breaks and holds

[mr roper] 07/6/2018 13:11

cu - 3.29/lb

[mr roper] 07/6/2018 13:10

PB interview - he really is a class operator

Beutong
Drill 1 - waiting on assays - top of the hole looked "very interesting"
Drill 2 underway
big drill on site

namechecking wafi golpu and cascabel when talking about Beutong.

Beutong WI conversion is in progress.

BKM
- feasibility on track
- financing - lot of inbound interest and a number of options on the table

Corporate
- more additions to the team coming.

[tektonik] 07/6/2018 12:48

hXXps://audioboom.com/posts/6887626-asiamet-resources-ars-tlou-energy-tlou-versarien-vrs-and-botswana-diamonds-bod

Peter Bird, CEO of Asiamet Resources #ARS give a comprehensive overview of the companies, largely copper focused projects in Indonesia.

(Interview starts at 1 minute 58 seconds)

[littlemadam] 07/6/2018 12:20

Tried online quotes. Can sell at 10.5 but cannot get a buy quote. If the seller (just one?) was cleared ten....

[tektonik] 07/6/2018 11:25

I'd like to highlight this very informative post from Kjawoogie detailing a recent conversation he had with Peter. I suspect a lot of the messages here will be consistent with the Vox podcast later!

I had a really good catch up with Peter Bird this morning. We covered quite a bit but it’s fair to say there is an awful lot going on in the background.
Recent Share Price
Peter said that they were aware there was a seller (hopefully the trade on Friday was the last of that). He said it is to be expected that some decide to take profits from 1-2p entry when the price has been over 14p (I’ve heard the seller related to the trade on Friday needed cash). The consolidation is to be expected at times and he was not worried about it at all. I have also heard that Tony’s view is the same and Tony has a lot at stake and certainly isn’t losing any sleep. They have a string of news coming shortly as things work through. They are very confident the positive momentum will continue.

Reaction to BKZ
Peter said they discussed this within the team about how this would be received by the market. Their views ranged from a big move to not doing much. His view was it was a brilliant initial resource and really interesting from a Geologists viewpoint. The reason he thinks the share price reaction was muted was due to the initial size of the resource not moving the needle of the institutions compared to the potential size of Beutong. However we are not done at BKZ and BKM by a long way!

Steve Hughes/New appointment/Make up of Board
I asked why the RNS was released at 8.00 am and not 7.00 am. He said it was supposed to have been released as normal at 7.00 am. They had to release the news when Steve left as it was a material event and whilst they really did want to align it with a new appointment sometimes these things just aren’t possible.
Peter then referred back to the Birmingham presentation where he said the companies board structure was going to change to reflect the change in the company moving to a producer. This is not something we should be worried about. Peter then referred to how the board was made up. With Steve Hughes that made 4 Geos. This is not the correct spread of skills and experience for the board so expect new appointment/s to balance this. This was a real insight for me into Asiamet growing up and also whilst we theorise and complain about missed targets I got an overwhelming impression that we are in very safe hands – Peter and Tony get it, they just do. They are positioning us for the next stage of the company.
He said they are forensic in their review of potential board members and also the new appointment has to work their notice periods etc. I get the impression the first new appointment is pretty imminent. They have also taken steps to strengthen the financial accounting given the sums that will be expended once they are in development.
Steve Hughes is going to be involved for the foreseeable future. Without taking anything away from Steve he had a very good second in command in Bowoh Cosnanto who does most of the leg work. They will be looking to beef up this team as well. What was clear was that Steve’s role had grown and is almost 2 roles – Geology and the Administration of the drilling campaign/assays etc.

Beutong
I said that some shareholders were concerned over the time it’s taking to move up to 80%. This is nothing to be concerned about. Asiamet are doing their diligence before handing over the A$4,375,000. The company structure is also a little bit complicated but I get the impression it’s close.
I think the strategy has changed to release the assays in one go from Steve’s original interview where he said they would release 200m sections. I think the reason for this is the company debated this and their view is that it will be received better in the market if the market has the overall picture. If the first 200m was good or bad the market could incorrectly assume the remainder of the hole was the same etc.
My impression was we might move to 80% first then release the assays. I just think that will have more impact but that could be wrong.
Peter was saying 2 significant takeaways from the 80% announcement were:
1.They become the major partner in decision making
2.For circa A$4,375,000 they get 960,000 tonnes of contained copper – what that does for Asiamet shareholders in a strong copper market will be very interesting to see! He said this was a fantastic deal no matter which way you look to value this.

BKM BFS
The BFS remains on schedule. Peter is currently sleeping easily about the BFS.

Further Drilling KSK
Planned for later this year but could be earlier if logistics allow

BKM/BKZ Deeper Drills
They have targeted the shallow metal because it can be heap leached and avoids the need for processing. They know there are deeper targets and they will definitely come back to them. The priority first is to get BKM through BFS and to drill Beutong i.e. walk before they run.
The drilling is all about risk v reward. Deeper drills in Beutong which will go deeper and possibly hit mineralisation which isn’t leachable are worth doing because of the sheer scale of Beutong (6 times larger than BKM).

Corporate Inflection Point
Peter talked about how Asiamet is now at a Corporate Inflection Point, something I chatted to him about when I saw him in Birmingham. As I said before Asiamet is growing up and making the transition to a more institutional audience. I expect the company to move towards this audience. That is not at the expense of the very loyal retail shareholders, just reflective of the companies growth.

Partner Discussions
The discussions are ongoing and there is a lot of interest.

Baroi
Licence is still being worked on. It’s a gradual process

AGM 24th June
Peter, Tony and James are coming over for the AGM. Peter is keen to arrange a meeting with investors either after this or during that week. Sasha will no doubt arrange this.

Summary
I really enjoyed my chat with Peter. He was incredibly confident, assured and they are thinking ahead all the time. Peter and Tony are positioning the company for the next stage of it’s development in every sense of the word. I’m very excited to see how we make this transition.

[edjge2] 07/6/2018 11:20

monttim best to monitor share price especially on open, bargains being offered. 10p is good with RNS queue IMO. Potential 10-20% gain IMO.
However an easier and more immediately productive strategy was to buuy KAZ on the dips or cash in on the spike to buy oils like PMO... ah hindsight!
My ISA is an ars mainly so patience required