Asiamet Resources Share Discussion Threads

[jlondon] 15/6/2018 14:55

On open public file is EMR Capital via Bloomsberg.
[Google EMR Capital Pty Ltd, Australia Bloomsberg]
MD & CEO, Mr Jason Chang [LLM/LLB]
Owen Leigh Hegathy, Executive Chairman [BEC Hons] -69 yrs old
Grant A. Boyle-CFO

Richard Crookes BSc [Geology], Investment Director

Anthony James Manini BSc [Hons], Board Director & Executive Director-54 yrs old

Profile: "It seeks to invest less that $15m"

Ref: @Mount Teide post of today relating to EMR Capital on ADVFN ARS, Fri 15 June 2018 Post 14357 at 14:25pm

[mrpiggy] 15/6/2018 14:46

A big sell being worked at the moment me thinks..... jeez, how many millions do they have to unload?Wish they would dump the lot and do one!

[mr roper] 15/6/2018 14:40

I don't. :0)

[charles clore] 15/6/2018 14:39

I think we could still see a dip below 10p here, the signal for me would be breaking below 11p. I have quite a bit of cash waiting for such an opportunity, should it arise.

[jlondon] 15/6/2018 14:35

Post 1435, 15 June 2018

Is Bernard Shaw a real name of the sector specialist?

I have just checked Linkedin and the 25 profiles for Bernard Shaw mining sector specialist does not come up.

As for EMR Capital, Linkedin has an entry: "Managing Director at EMR Capital-Melbourne, Australia/Investment Management." But no name given and connections "0".

On CEO.CA, one can use any username but it does not mean it is a name in real life.

Just curious-always good to check who one is dealing with. Thanks.

[mount teide] 15/6/2018 14:35

MrR - he is indeed - an executive Director of the Investment Fund.

[arf dysg] 15/6/2018 14:33

Mount Teide (14352)

[quoting bernardshaw] "Dear friends, here are a few opinions that you can put in the back of your minds or in the bottom of your trash can."


What if I should discover that I cannot distinguish my mind from the bottom of a trash can?

It must be Friday and I need a pina colada.

[mr roper] 15/6/2018 14:30

MT, from memory Tony is a partner at EMR Capital.

[mount teide] 15/6/2018 14:29

jlondon - those were comments from posts he made over the last few months.

[zho] 15/6/2018 14:27

jlondon,

I'm not quite sure I've understand your point, but if you search on "Dear friends, here are a few opinions that you can put in the back of your minds or in the bottom of your trash can." you find bernardshaw's post right away.

[mount teide] 15/6/2018 14:25

@bernardshaw - has Oz Minerals on top of the list of suiters/partners for Asiamet very closely followed by EMR Capital, "who live just down the road from Beutong - we'd hardly notice the change if this happened"

EMR Capital is a private equity management company specialising in the natural resource sector which invests into, and take strategic stakes in, resource companies and projects consistent with the following Investment strategy:

* Commodities where the macro outlook is strong

* Companies with projects of a high grade and good resource upside potential

* Companies with project cost structures that are in the lower half of relevant cost curves and can withstand commodity price shocks

* A management team who have the capability and expertise for successful exploration, development, operation and commercialisation of the project


Asia Met would clearly tick all EMR's investment strategy criteria.

[jlondon] 15/6/2018 14:21

@Mount Teide at 13:59, Post 14352 , Fri 15 June 2018

How strange? I have the CEO.CA page open for @bernardshaw and further to what I have just posted dated 14 June 2018, there is NO further posts by this gent starting with "Dear Friends..." as posted on ADVFN ARS at 13:59, 15 June 2018


????

[horneblower] 15/6/2018 14:14

Without a doubt there is still a seller drip-feeding stock into the market.

My own take on this is that it is a large holder who participated in one of the early placings probably when the price was well below 2p and may have owned 5% of the company.

It is clearly someone who is trying not to disturb the market too much.

Reasons for selling? Probably for portfolio diversification and risk balancing.

Or it could be that they simply want to buy something else. There are lots of juicy stocks on offer at the moment, WAND, IQE, even RR.

I should be doing it myself but my entry price was higher and I like risk too much.

In my view the constant seller is nothing to be overly concerned about.

[jlondon] 15/6/2018 14:12

Relating to @bernardshaw - post 1348, 15 June 2018

I have searched all over Twitter and finally found bernardshaw at CEO.CA



His post of 13 June 2018 on ARS at 3:58 is of interest. One can read what he says about the finer details but his post ends with: "IF ONE PLAYS AROUND WITH THE COPPER PRICE, ALL BETS ARE OFF."

On 14 June 2018, bernardshaw said: "What nice problems to have viz to drill to 2000m and maybe to get to the potassic core and have to BEAT THE MAJORS OFF WITH A BIG STICK and/or get stuck into assessing the AMOUNT OF LEACHEABLE COPPER."

[The complete statements]

[mount teide] 15/6/2018 13:59

Some further interesting observations and thoughts on ARS from geologist and mining sector investment specialist: @bernardshaw - who knows TM in a professional capacity.


'Dear friends, here are a few opinions that you can put in the back of your minds or in the bottom of your trash can. The future I would like to see for my ARS shares is a buyout soon after BKM is producing (mid-2020).

I cannot see the Board entertaining a suitor at the present time because it would be like selling apple seeds instead of planting them and selling the apples. I would be very pleased to see a focus on getting all of the known surface leachable copper into production. This includes BKM and the potentially larger Beutong leachable material....These resources alone would, by my reckoning, easily give ARS a Market Cap approaching C$1bn.....

....ARS has a high likelyhood of multi-bagging our shareholdings but the things that are most likely to expedite this are often ignored by smaller shareholders, viz., development of resources we already have...

....The emphasis is on dreams because they are fun (case in point, the wry grin on Steve's face when he is talking about drilling something new). Don't forget that there has already been a hell of a lot of exploratory drilling at KSK. Sure, Steve can come up with the likes of BKZ and there is no better place on Earth to drill than under the Beutong resource, and there is definitely something brewing under BKZ/BKM.

What will make me happy is news like the increase from 40-80% at Beutong, the incoming of an Indonesian partner, and a strong desire to test the leachable cap at Beutong but I keep myself disciplined in regard to the possibilities of success under BKZ/BKM and under Beutong. The trick here is simply to buy ARS and hold on to them.'

[horneblower] 15/6/2018 13:50

Arf,

re the meaning of IUP.

From the RNS of 8th Jan 2018...

Asiamet Receives Production Licence for 5.3Blb Cu, 2.1Moz Au Beutong Project

Asiamet Resources Limited ("ARS" or the "Company") is pleased to announce that PT Emas Mineral Murni ("EMM") has been granted the key production licence, Izin Usaha Pertambangan Operasi Produksi "IUP-OP" required to advance the Beutong Copper-Gold Project ("Beutong") to the development stage. Beutong is located in Nagan Raya Regency, Aceh, Indonesia.

So, IUP is the acronym for the Indonesian words for "Izin Usaha Pertambangan", whatever that means. Anyway it is the all important production licence.

(Wish these Johnny foreigners learned to speak God's own language, or lingua franca as it's more commonly known. Still, it's all about diversity these days)☻

I don't know the answer to your second question but it is clearly rather important.

[mr roper] 15/6/2018 13:50

When is PB on?

[knobbly] 15/6/2018 13:49

Arf Dysg15 (14345) IUP: Izin Usaha Pertambangan (Mining Business Licence)

See:

[mount teide] 15/6/2018 13:40

In some ways the Angry Geologists conclusion that Beutong may not yet be big enough to attract a major is self evident - the asset has been sitting on the books of a microcap for many years without attracting unwanted attention, albeit through a brutal near decade long bear market; although it certainly has commanded serious attention in the past, attracting $33m of exploration investment from Freeport.

The AG's view that the mineralisation is more or less closed off is at odds with the company's statements and that of the independent NI43-101 report author, who have concluded that the system is open in several directions and at depth. They will of course have had the benefit of additional data and magnetics, and access to much more detailed geological models of the system. Long in the tooth sector specialist '@bernardshaw' shares their opinion:


"The big prize for Asiamet is a continuation of the Beutong deposit at depth; same grade but at least double the tonnage. That has always been the target. If it is not there, I believe that Beutong will survive, because of its exceptional situation that will keep the CAPEX low, but it will not attract a buyout. The Angry Geologist is saying this too, viz., as it stands there is no big thing at Beutong. She does not give credit for the exceptional factors that will keep the CAPEX low. If it is big, these niceties don't matter....... Now, you need to get the relative sizes of BKM and BKZ in context compared to Beutong. They (BKM and BKZ) are babies, not company makers. When I read the KSK reports, I don't see these lovely little babies, I see the magnetic anomalies there and the connectivities. I wonder why there is so much mineralization scattered around and how it might be sourced by the same big system. There is unfortunately no overall geological picture that might indicate their common origins, for example in an ancient volcanic centre. What better place is there anywhere to drill some holes than on the ground held by Asiamet? Beutong and KSK are each halfway there.


He comments on yesterday's Beutong drill result make interesting reading:

Great orebodies just keep giving. It was clearly a disappointment to Steve and Tony when the rig ran out of steam at 607m because it didn't get far enough out of the resource to prove much. However, it has given us something else that probably won't be appreciated by the market and maybe not even by the Majors who will be watching like hawks, believe me. That is, we are possibly looking at a world class leaching operation; BKM could end up being our other, similar, little operation in Kalimantan! Just imagine if half of the resource could be leached. What nice problems we have, viz., to drill to 2000m and maybe get into the potassic core and have to beat the Majors off with a big stick and/or to get stuck into assessing the amount of leachable copper.


AIMHO/DYOR

[2lb] 15/6/2018 13:38

No he's not

[yorkie14] 15/6/2018 13:33

PB on proactive this afternoon. Can't wait!

[arf dysg] 15/6/2018 13:21

horneblower (14312) "The RNS of 8th Jan announced the granting of the IUP"

I've seen this abbreviation a few times but someone please enlighten me: what is IUP? Sounds like a permit but I'd like to see the meaning exactly.
Thanks.




The Manini (14315) "The divestment back down from 80% to 49% won't happen until after the tenth year of Beutong production beginning. So we'd get a full 10 years of 80% of Beutong profits"

We could get more than that. Someone here may know the answer to which of these is going to happen at the ten-year mark:

1) We have to GIVE AWAY half of the company, OK, earnings per share will then halve;

2) We have to SELL half of the company, probably by issuing more shares to Indonesian investors. This is nothing like so bad, as the company will lose half its revenue stream, but get a big chunk of cash in compensation.

What does the Indonesian law actually specify?


In addition, the above may affect company strategy greatly: do they go for maximum production as quickly as possible (probably needs issuing more equity or taking on a lot of debt) or take a much less capital-intensive method, issue few shares, take on little debt and grow slowly but retain most of the company?

The ten-year limit will not change, however, so the second strategy reduces the profits made in the first ten years of full ownership.

[mr roper] 15/6/2018 12:03

Liberum tweeting about the beutong drill.