Asiamet Resources Share Discussion Threads

[mr roper] 10/6/2018 12:34

If it was 60p this year, I’d definitely listen to it. If it doesn’t come I’m happy to hold for the next x years as long as the. bod keep delivering.

[finncairn] 10/6/2018 12:23

I don't think there will be a takeover if Beutong is extended at depth nor do I want one. A takeover at 60p or remain independent & build the share price up to the mid pounds, I know what I'd rather have. Then when at the mid pounds there can be a takeover bid(s) pushing the share price even higher. I've no idea if ARS will end up £4 a share, £2 Or £10 but 60p I wouldn't even entertain that.

[mr roper] 10/6/2018 09:32

Hawks, I hope that news comes when we are sitting around 22p and offers a 150% premium. That might even get my attention :0)

If the big drill extends the Beutong resource at depth, I’m not sure how long we’ll remain independent. When Peter uses the phrase “globally significant “ and compares it to wafi golpu then I expect us to be snapped up. I’m sure TM won’t be accepting less than the 1bn dollars though. What’s that around 60p ish. That would make sense to me.

[hawks11] 10/6/2018 09:29

The next piece of very good news - and it will be - will encourage speculation of a takeover and for how much. Much better than going to the races for me and I'm not likely to get into a fight and spoil my nice new suit.

Sorry for the trivia, the heat is getting to me I think.

[kjawoogie] 10/6/2018 09:04

Yes I will be going

[snickerdog] 10/6/2018 08:31

AGM London 25th June, 10am I think.

Anyone going?

[tomcorvid] 09/6/2018 08:32

Great posting MT, I took part in the G&R webinar on thurs, I’ll be posted on the website in due course, I strongly recommend a listen.

[highly geared] 08/6/2018 18:54

Tektonik , a good summary. I wouldn’t bank on the seller being out.
The main focus should be on communicating the BFS outcome in the next 3 weeks but provide confidence on the route map to securing finance and on good terms for shareholders. With BKM finance secured on decent terms this becomes an absolute no brainer as the only variable then becomes the copper price. If we do see copper prices at figures quoted above we will all do very well. BKM financing is critical in the sense we need it done whilst financing and the markets hold up. We’re at the back end of a long bull market funded by debt, we need our debt finance sorted out before it becomes harder to secure finance.

[tektonik] 08/6/2018 16:59

Probably the most promising 7 day period we've had here over the last couple of months. Dominic Heaton signed up. Seller appears to be winding down if not already gone. Share Price has moved up, general volume of sellers has moved down. Copper price has made a strong charge North. Peter Bird delivering an excellent podcast. Some very very exciting news expected in the next 3 weeks. I'm delighted!

[mount teide] 08/6/2018 16:58

Copper Market: A Tale of Two Roads & the Impact of Renewables

An interesting piece of research on the Copper Market by Goehring & Rozencwajg - in their recent Q1/2018 Natural Resource Market Commentary. (Starts on page 20)

Much of the rest of the research/commentary in the article is well worth a read too.

Déjà Vu: A History of the Electric Vehicle
Q1 2018 Natural Resource Market Overview
The “Energetics” of EVs
Oil Market Overview: Global Oil Market Continues to Tighten; $100 is Getting Closer
Our Visit to India: The Biggest Changes No One is Talking About
Copper Market: A Tale of Two Roads and the Impact of Renewables
Uranium: The Quiet Before the Storm
Precious Metals: Why We Still Favor Oil over Gold
North American Natural Gas: Supply Continues to Surge – Stay on the Sidelines Agriculture: Very Bullish Trends are Emerging





Barrons - Copper Prices Could Triple in 10 Years - 7th June 2018



' “The bull market has only started,” says Leigh Goehring, managing partner at Goehring & Rozencwajg Associates. “Strong demand from Asian countries is what’s going to push copper prices higher, and this is before we even begin to talk about renewables and [their] impact on global copper consumption.” Renewable energy sources like wind and solar require lots of copper for their equipment.

He believes a “huge bull market,” led by extremely strong demand and emerging problems surrounding global copper supply, is likely to resume shortly and play out in “multiple stages over the next five to 10 years.”

The current bull market started after copper prices hit bottom in January 2016 at a little below $2, and it could see prices trade at $10 or more before it’s over, says Goehring.'

[mrpiggy] 08/6/2018 16:22

Yep, it was as plain as the snout on my face! :@)

[mr roper] 08/6/2018 16:18

looks like there's the big sell.

[mount teide] 08/6/2018 15:37

Many thanks to poster Mattjos on the JTC thread for some anecdotal evidence of the impact the fast growing electric vehicle industry is having on global supply chains for components(many containing large amounts of copper).


'Just been quoted today for DC motor/drive units @ 9 month lead time, ex-Italy, from a very large global OEM. 6 months ago we ordered on a 5 week lead time.

The auto-industry rush into electrification is sucking up everything available in global supply chains & distorting the market for OEM’s in other sectors.

Same is true for motor controllers, motor & gear bearings, hi-tensile steel gearbox shafts.

Similarly, VRLA battery lead times have gone from 5 days lead time to 12 weeks lead time as these are used in both electric vehicles and telco base stations.

Never seen these component supply chains so stretched as just now. Prices are increasing circa 7-12% on anything related to electrification of transport devices, as the global auto industry sucks suppliers dry.'

[mount teide] 08/6/2018 15:31

Checking the spread with dummy buys and sells can often throw up some interesting opportunities.

I added to a large TRIN holding recently following a recent pullback, after establishing there was a near 100,000 line of stock available below mid price - as a result of attempting some dummy buys and then continuing to increase the size of the dummy buy until it triggered a tick up in the offer quote(it jumped to well above mid price, close to the full online offer price).

I then reduced the dummy quote by one share - which brought the online offer quote back to under mid, allowing me to take out all of the stock remaining at the lower price in a single transaction - which predictably triggered a move up in price by the MM's.

[gary1966] 08/6/2018 15:25

Not sure why everybody is so fascinated with the copper price now when we are probably 18 months away from becoming a producer. Strikes inflate the price temporarily, innovation using more copper is what we need to keep an eye on to ensure stays on track. Battery evolution is what it is all about now.


Long term outlook for copper price is what is important for raising the finance to build the mine.

[mrpiggy] 08/6/2018 15:16

Not what we want to hear........https://www.google.co.uk/amp/s/www.bloomberg.com/amp/news/articles/2018-06-06/bhp-copper-union-hoping-to-avoid-strike-as-talks-begin-in-chile

[mr roper] 08/6/2018 14:54

makes sense, zho

[zho] 08/6/2018 14:37

>>Surely if the 11.25p are sells they'd move the bid up though?>>

I think the real spread sits within the quoted spread. For example, it seems pretty clear that the 11.25p 'buy' of 35,601 at 13.52 was actually a sell, because it follows a string of buys at 11.45p.

[mr roper] 08/6/2018 14:30

cu at 3.29/lb.

[zho] 08/6/2018 14:27

>>near 2m buys v 200k sells>>

Is that right? The way I read the trades, those around 11.25p are sells, those around 11.45p are buys.

[mr roper] 08/6/2018 14:20

near 2m buys v 200k sells..up 1% lol..if they're gonna sell, can they just get on with it...

[mr roper] 08/6/2018 14:11

nice write up, bluerunner