Asiamet Resources Share Discussion Threads

[mrpiggy] 26/6/2018 12:59

It's not rudeness Charles, it's a direct question.... I call a spade a spade. I also share any information I find positive or negative!If your charts are showing 8p then please post them and explain how you come to that conclusion. Im not being facetious when I say that, if you have something then prove it!

[knobbly] 26/6/2018 12:51

Not sure if it's been mentioned by others, but at the AGM Peter Bird emphasised that the BFS would be published in weeks, not months.

[knobbly] 26/6/2018 12:48

Charles, if share prices ascended in a straight line then no one would save their money in a building society. Take a look at the 3 year chart in this thread's header; all looks good to me with gains consolidating nicely before the next step up probably on or soon after the release of BKM BFS in the coming weeks.

Concerned with you investment decision? Then why didn't you attend yesterday's AGM?

[mr roper] 26/6/2018 12:44

Nothing fishy at all. Asiamet always has consolidation periods after large rises. This is nothing compared to 2016 where we were under 3p for aeons. I suspect the big drill will be the big kicker as it’ll show up what lies beneath Beutong. That and a financed mine will drive us well on to new highs in H2.

[charles clore] 26/6/2018 12:35

There is something very fishy going on here. Well worth at least taking a look at the contrarian view, if not actually subscribing to it. Mr P - I have not sold out but am only going on what I see in the chart. There's no need for rudeness although I realise that's what piggies do.

[cupidstunt42] 26/6/2018 12:33

There is a new page on Twitter dedicated to Beutong...https://twitter.com/GodzillaBeutong/status/1011350531841974272?s=19

[mount teide] 26/6/2018 12:32

Copper price - after averaging some 20% higher in H1/2018 over H1/2017, the valuations of much of the producing sector is back to where they were at the end of H1/2017 when Copper was averaging $2.60(which was hardly expensive in may cases).

In the case of leveraged play Kaz Minerals it has taken a near 25% decline this month to achieve that.

Is the market anticipating a return of the copper price to $2.60 in the short term or has it created a buying opportunity for that increasingly rare breed within the equity investment community - those with an investment outlook longer than the life cycle of a mayfly?

If the spot copper price does return to the $2.60 level - which is hugely below the minimum threshold to trigger significant capital investment in new production(estimated at $3.25-$3.50), then the copper deficit forecast for much of the next 5 years will likely not only increase but be extended.

Driven by the fear of a trade war(overdone imo), i strongly suspect that what we are currently seeing is the copper market signalling another buying opportunity for long term investors during this latest recovery phase of the commodity cycle.

I remain a buyer here and at CAML and, have started drip feeding investment into high flying leveraged copper play Kaz Minerals which has fallen back sharply to its end of H1/2017 valuation from recent half decade highs in barely a month.


AIMHO/DYOR

[arf dysg] 26/6/2018 12:29

neo 2 6 ((14630)) "Not Indonesia, a very nasty regime the indonesian govt."
cyber bub (14632) "Copper price dropping on trade war fears?"

Both of you should immediately take out a massive short on ARS. Tell us how you get on.

[mrpiggy] 26/6/2018 11:46

Going blue any minute Mr R, can you have your Ping at the ready please!

[pyglet] 26/6/2018 11:32

horneblower
Many thanks again for your notes.

[mount teide] 26/6/2018 11:28

My thanks to all AGM attendees for the updates - much appreciated.

A previous commitment prevented my attendance so it was good to hear some first hand experience and feedback from fellow long term Asia Met investors.

[horneblower] 26/6/2018 11:02

Other things I remember from the AGM Q&A and subsequent conversations...

TM said that the important point to understand about the effect of electric vehicles on the demand for commodities is that copper is different to nearly all the other metals (I think he mentioned zinc, nickel, cobalt, graphite amongst others) in that copper is not battery dependant. It will be essential for electric motors, wiring looms, charging stations etc, whatever form of battery is used. If someone comes up with a new form of battery like silicon hydride (???) that is cheaper or better than the current offerings then suddenly the "EV" effect will divert to whatever is topical...but EV's will still need copper.

I asked him if the speed of developing BKM after publishing the BFS would be affected by what the copper price was doing. He said absolutely not. They would be getting on with it as quickly as they could. I asked if the BFS would be weeks or months and both Peter and TM vehemently denied that it would be months. I estimated from their reaction that we might expect it within three weeks.

[charles clore] 26/6/2018 10:34

If it breaks down through 10 it will probably hit 8. Either way it's a bargain!

[librayang0925] 26/6/2018 09:27

It is just a waiting game. When it goes, it will go quickly.

[mrpiggy] 26/6/2018 09:12

Sounds very plausible HB, if you remember back to May or June of last year we had a similar pattern of selling which seemed to go on an age, when I emailed TM he said it was investors profit taking which back then could have been a 5 or 6 bagger for the lucky few!

[mr roper] 26/6/2018 08:53

Would be great to have a couple of days when the share price actually went up lol

[zho] 26/6/2018 08:50

Thanks horneblower

I wonder if they do have an idea who it is and can't/won't say. After all, it's 15 weeks since the fundraising, 75 trading days, and I would guess that the seller had dumped something in the order of 4%-5% of the Company since then.

[horneblower] 26/6/2018 08:46

zho,
I asked TM about the identity of the persistent seller. He said he assumed there was a holder from the sub 2p days who was reducing his holding. He also knew of one investor who needed the money for something or other. He was unconcerned about both and said there would always be sellers and that it was a good thing from the point of view of the volume figures since most institutional investors would need a certain level of liquidity in the market before they considered a company.

He also said that he would like to add further II's and that it would become easier when we got above the £100m MCap, had greater volume (liquidity) and had more definitive data on Beutong due to its size.

(I do not take notes and am paraphrasing from my memory of snippets of more than one conversation I had with Tony so my apologies to TM if I have misrepresented him.)

[mr roper] 26/6/2018 08:43

Well, if the big drill is at 700m we’re probably looking at getting to 900m by July 4th so we should get the results first week in August if all goes to plan.

[librayang0925] 26/6/2018 08:41

Interesting question is we haven't had any RNS on holding, despite the vast quantity of shares sold. So are there multipolar sellers who have not reached their threshold or it is some sort of market manipulation, which I don't know quite well, hope anyone here knowledgeable could give some ideas.

[zho] 26/6/2018 08:19

kjawoogie and adorling,

Many thanks for your AGM notes.

Did anyone ask the board if they knew the identity of the persistent seller?