Asiamet Resources Share Discussion Threads

[mrpiggy] 22/6/2018 20:09

Correct Mr R , an omission on my part..... I've edited the post!

[mr roper] 22/6/2018 19:57

Mr p, unless you know the source of the selling you can’t say it’s one source.

[finncairn] 22/6/2018 19:47

The share price has not done what we all hoped for or expected recently,however if you believe in the BOD, company strategy & outcome then all you have to do is hold. The AGM on Monday should provide an update on things we already know about & hopefully a little insight into things we don't know about /understand at present.

[mrpiggy] 22/6/2018 19:36

Mr p, our share price can be depressed for months without an institution leaving. However look at the 8mpact when jpm joined the party!
I didn’t write the article Mr R, I’m just sharing what I read so pi’s can get a balanced view of what might happen when institutions get involved!
Our share price HAS been depressed for months.... 3 months to be precise and the bulk of the selling has been from one source (in my opinion).... whoever that person or body is we may never know!
I’m looking forward to Monday and news of what the AGM brings up!
Have a great Barbecue weekend folks! (no sausages and pork chops I hope)
:@/

[mr roper] 22/6/2018 18:45

Mr p, our share price can be depressed for months without an institution leaving. However look at the 8mpact when jpm joined the party!

[mrpiggy] 22/6/2018 18:36

https://www.investopedia.com/articles/stocks/07/insitutional-owners.asp

[mrpiggy] 22/6/2018 18:19

A word of warning re institutions guys.... be careful what you wish for!I read an article a few months ago stating whilst it is good to have one or two institutions on board it is much better to have more pi's!The article stated that if an institution wants out it can often depress the share price for many months, it may not be a reflection on the company's performance why they sell out, maybe just that they have made a decision to get out of commodities for whatever reason and once that decision has been made they may even sell out at a loss. I know a lot of people on here believe that it is the way forward and initially it will give the share price a much needed boost but for LTSH's it does have its downside too!Just a word of caution guys!:@/

[librayang0925] 22/6/2018 18:06

Highly possible. Maybe an institutional investor already decides to fund BKM, so it is selling its stake now to gather cash.

[jlondon] 22/6/2018 17:55

In the ARS Presentation [latest], they say that the features are akin to Wafu Golpu [Newcrest] or Grasberg. Also, that the deeper the porphyry goes, the higher the grade.

I have also shown a chart from Solgold*s presentation re: Wafu Golpu vs Alpala as they describe their deposit to be akin to Wafu Golpu. Granted Solg is already at MRE stage but from inception, their modelling was spot on.

Other than para 1, ARS does not give any more clues. At this stage, a bit harder to envisage Beutong to be another Grasberg as its bigger than Wafu.

Porphyry*s do tend to have signatures etc and they are modelled to another example.
So in this case, those who are very experienced geo*s surely can tell if Beutong can go another 500m with NO problem at pretty good grades. When I say experienced I mean they are world class geo*s who also have Economic Geo studies behind them.

Solgold*s MRE is at a cut-off of 0.3%Cu.

Its rather stunning that no one knows?

Norris and Dr Bruce Rohrlach have started their own co in Ecuador. Without driling, they are already somewhat confident that they are on to another world class find.

Am I missing something? Or is this all hush hush because nothing must come out? I have been checking everywhere and it appears no one has a clue.

However, Tony is a director of EMR Capital. EMR has just spent >$100m buying a copper outfit from BHP. Now that takes very technical knowledge both of the project dynamics and the financials. One wrong cal would be disaster. There is another director from the days of Oxiana in EMR as well.

ARS has just tweeted that a co they owned under Oxiana has been sold for $275m. So, that appear to spell competence since this mine is in Laos.

So,surely Beutong is not allllll that difficult to decipher?

Next week, INSTITUTIONS eg hedge funds etc would want CLARITY and they would want more data, models and projections. Re: Mining Journal Select Conference and ARS presentation to pre-domin TUTES.

[tomcorvid] 22/6/2018 17:48

And another with a Copper focus

[tomcorvid] 22/6/2018 17:47

Superb run down of the commodities and their structural market position. Hint: copper gonna be big!



Incidentally their analysis says that the copper long trade has unwound and inventory increased so much due to China holding back on transmission investment (whilst supply disruptions haven't been as bad as last year). This is expected to normalise and be made up the second half, just in time for a structural deficit by 2019.

[p_j_s1] 22/6/2018 17:31

Worth noting that the 14/06/18 drill results states that "true widths of downhole interval lengths are estimated to be between 50-70% of the reported lengths". That means that the drilled at an angle, probably along the strike, not vertically down, and the true depth of the hole was more like 400m, not 600m. They drilled from outside the JORC area, so they have extended the mineralisation about 100m to the west but not in depth if my reading is correct. The big drill will be needed for that.

[jlondon] 22/6/2018 16:50

"Asiamet Resources eyeing plenty of potential price catalysts."-Proactive Investors 14 Mar 2018.

Liberum quote in above article: "If Asiamet could SELL a 40% stake at our post-finance KSK valuation of US$172m it would be acreditive and increase our price target to 24p."


Comment: So it looks like the broker would prefer to see something sold.

[finncairn] 22/6/2018 16:28

Institutional Investors. It is worth remembering when JP Morgan took a posistion at ARS, the interviews that followed on proactive investor the BOD confirmed there was significant interest by others institutional investors from various investment categories. I am therefore of the opinion that ARS do not need to rush through or release the BKM DFS to entice or attract institutional investors as that is already there. I do however believe that this is a chance to gauge just how much the current institutional investors would be prepared to invest currently & to attract new institutional investors. That would give a good indication at early stage of financing the maiden project if there will be enough funding to cover the costs of the maiden project & if not, just how much more investment would be required. It's all about being patient in this regard as boxes are ticked & due diligence is done.

[adorling] 22/6/2018 16:00

Don’t be suprised to see a 7:00am RNS just 3 hours before the AGM on Monday!

[highly geared] 22/6/2018 15:54

You’d have thought if they’re presenting at the conference and the whole team is in the Uk , that the BKM BFS would be out as that’s a big sell to the institutions...?

[jlondon] 22/6/2018 15:46

Mr Roper, I agree wholly. However, I do not tend to wait as I look at the data. So I have a 50/50 idea from the historical etc.

When ARS presents next week at Mining Journal Select Conf, will the INSTITUTIONS wait to get back to the office or will they be readying to buy? However, this depends on their remit/seniority etc.

It would be good for tutes to soak up the liquidity.

Just a discussion. Thanks.

[mr roper] 22/6/2018 15:45

right, gonna stick my neck out and say that's the bottom in. AGM next week, mining conference. Reckon we'll be 12p by end of the month.

[mr roper] 22/6/2018 15:34

jlondon, the big drill shall hopefully shed some more detail on what lies beneath. If it's not in the price then a big drill strike at depth and 80% WI should see us double sharply.

[jlondon] 22/6/2018 15:22

I have checked the co*s presenting at the Mining Journal Select Conf next wk. ARS was not on the list. As far as I could see, there was only 1 UK miner on the original list involved in lithium. So, ARS is a late entry.

As far as I am aware, INSTITUTIONS in the main are interested in TIER 1 projects.
Sas said that Beutong Drill Hole 1 would be drill hole of the year [Relating to ARS RNS of June 14, 2018]. Maybe that is why ARS got included. Since I dont have the list of co drill results coming in, I cannot confirm.

However, from the LiberumKnights tweet which I posted, the results of Hole 1 Beutong of 14.6.18 is not that plentiful [English downplay by me as I am para phrasing].

From the Liberum full broker note, from recall Fig 5 & 10] [Initiation note: Best Kept Secret in Copper] Beutong is only behind Solg*s Cascabel.

This is prior to the Hole 1 result for Beutong of 14.6.18. Liberum also tweeted that due to the Finders benchmark, BEUTONG is in the ARS mix for FREE [Free Carried].

From the Beutong JORC with results for some 500m depth and 0.6%Cu area, it will take mineralisation to 1000m to catch Solgold*s Cascabel [Alpala Maiden Resource at 1.08Bt @0.68%]. Liberum said in their note that for UK listed co*s ARS is behind Solg*s Cascabel [Underground]. Liberum said Beutong is open pit.

So, it appears the co is targeting a Wafu Golpu-Newcrest [per their presentation] which is pretty similar in size to Solgold*s Cascabel [Alapla].

Since the recent Beutong drill went to 607m and still in mineralisation at 1.14% Cu and the historic drill went down to 800m also still in mineralisation, it does appear that might just interest institutions?

Or the current JORC for Beutong has grades increased to DOUBLE which would may also qualify for Tier 1. Certainly, the Beutong JORC for surface copper discovery appears good among peers?

Just a discussion.

[hawks11] 22/6/2018 14:54

I hope that ARS will be able to satisfy their audience that there is case for investment at the risk/reward that the audience find enticing or better than that too good to ignore. A slam dunk would be a disaster for those of us who have been invested for some time, but I doubt that will be the case.

[pyglet] 22/6/2018 12:44

horneblower

Like you I have funds at the ready to pile it should sub 10p show its ugly head.

[pyglet] 22/6/2018 12:43

I see Asiamet are down as an exhibitor, and Peter Bird as a speaker at the Mining Journal Select Conference next week where they have an extensive section on Copper and Zinc. Hopefully they will push the case. It might be interesting to know who invited ARS to the conference at such a late stage, could find out on Monday at the AGM.

[horneblower] 22/6/2018 11:41

Our wise and thrifty directors like to kill two birds with one stone while in London.
I fully expect one of them to visit the Proactive studio next week.
I am greatly looking forward to meeting them at the AGM on Monday.

Our seller seems to have a history of selling down to 10p. I am hoping to pick up some more shares from him/her down at that level.

GLA.

[jlondon] 22/6/2018 11:36

If I read the Mining Journal Select Conference details correctly, then the audience is for INSTITUTIONS. Please check as I was busy and skimmed past quickly.