Asiamet Resources Share Discussion Threads

[horneblower] 06/7/2018 09:25

Copper, zinc, nickel etc all continue to move lower on reduced world growth worries.
Tony Manini called it a "dull spot in commodities currently".
This correction period will eventually turn, although imo it will go a bit lower first.
Asiamet is not immune to this but is weathering it pretty well so far (cf HZM).
Core metallurgy and bfs are events to look forward to but don't expect the share price to react immediately.
The investment world is not in a bullish mode with Trump tinkering with world trade patterns and most of the trade watching sport or on holiday.
Best strategy is to copy the brokers and go out to play for a month or two.
Come back refreshed in September.

[mr roper] 06/7/2018 09:20

Amy more good news and we'll go negative!

[edjge2] 06/7/2018 09:00

Wonder how far feasability will push ars down?

[hawks11] 06/7/2018 08:37

I believe.

[amaretto] 06/7/2018 08:14

Weeks not months was stated in the AGM a fortnight ago. Could therefore be anytime from the end of next week if AGM pronouncements are to be believed.

[horneblower] 06/7/2018 08:04

No, not a game but, like life, it is perhaps advantageous to treat it like one.

[pyglet] 05/7/2018 23:29

It most certainly is not a game.

[mount teide] 05/7/2018 23:18

rye - "Weeks not months" - that came straight from the horses mouth!

[ryry0707] 05/7/2018 22:50

When are we expecting the feasibility study to land? Original guidance was H1 2018.

[littlemadam] 05/7/2018 21:13

I know just windy up mr piggy! It's all a game and we're here to help each other. But he did say a few days ago he was fed up with the lack of momentum and would sell up.m

[arf dysg] 05/7/2018 11:59

It's a signal from the queen to her lizard people that the attack is under way imminently.

[bmcb5] 05/7/2018 11:58

I've just doubled my very modest holding

[cupidstunt42] 05/7/2018 11:54

Christ my finances can't take any more good news.

[ifthecapfits] 05/7/2018 11:24

1 share traded at 11:04 - some might believe that this means news on the way :)

[dorset64] 05/7/2018 09:53

Mount Teide, interesting last post of yours and further to a recent meeting with Sir Olliver Letwin, amongst other things we discussed going forward how the Chinese & to a lesser degree the Indians are reintroducing themselves as the worlds leading power which they lost leading into the industrial revolution. Too long a discussion to post on here but fair to say they are more than keen to control precious metals and oil moving forward and thus, the worlds economy. It was also interesting to learn as to what the current government can get through right now as only anything to do with brexit is newsworthy & everything else is 2nd string and thus, not reported in the papers.

[mr roper] 05/7/2018 09:19

Goldman say buy commodities esp. industrial metals. Trade war fears overdone. Bloomberg.

Watch the bot change direction now

[mr roper] 05/7/2018 08:51

Good past, mt. “Don’t look at the finger, you miss out on all the heavenly glory”..Bruce Lee

[mount teide] 05/7/2018 08:50

The Baltic Dry Index has moved in a completely different direction to the industrial metals markets since the 'trade war' rhetoric ramped up at beginning of June. Unlike the metals markets, as a result of its size and scope the BDI is a market that is almost impossible to manipulate in any meaningful way and is therefore closest to a bellwether for the global economy.

The BDI is a measure of the cost of transporting commodities and finished goods - 95% of which at some point see the bottom of a ship's cargo holds.

The BDI has risen 50% since the beginning of June from 1,042 to 1,567 - up 440% from the 2016 lows. This move is completely opposite to what would have been expected were the reports of the risks of a trade war and slowing global economy as significant as is being made out in some quarters.

I believe Chinese interests - they have repeatedly attempted to control the pricing of the Copper and Zinc markets over the past year by 'managing'(manipulating) Chinese warehouse inventory - are using the present situation to push down the price of many of the key commodities they import, that are vital to their economy. Following the sharp rise in the oil price over the last year, the Chinese as the world's largest oil importers are now attempting something similar with the oil market by setting up a buyer's Nation cartel with which to fight Opec.

As with the underhand warehouse inventory manipulation of the last 18 months - this latest attempt to control the commodity markets is likely to have only very short term success at best before market fundamentals resume their control - as currently being signalled by the Baltic Dry Index.

Never underestimate the Chinese - they paid top dollar to purchase the London metals market - one of Britain's last great independent financial markets - largely according to the views of many of its traders to gain more control over industrial metal pricing. A friend who has traded the LME for more then two decades said the Chinese owners last month quietly announced a plan to introduce yuan-denominated metal products on the exchange - another move he believes, crafted to enable the Chinese Government to have more control over metal pricing.

The Chinese LME owners say of the plan:
“At present, investors are trading our products in US dollars. We would definitely like to explore the possibility of launching products denominated in offshore renminbi. We believe with the increasing number of Chinese trading in our market, there would be more Chinese companies wishing to join the LME,”

[mr roper] 05/7/2018 07:46

Especially if it coincides with a cratering of the global economy...just think...wouldn’;t it just be wonderful......err not really.

[charles clore] 05/7/2018 07:31

There is still a chance that we could see 8p but what an opportunity that would be!

[mr roper] 05/7/2018 07:27

Fingers crossed, we need some news to start the move up.

[andyforster1] 04/7/2018 21:57

I'm of the understanding the companies own drill will have completed the second drill and awaiting assays whilst the big drill shouldn't be far away.

[mr roper] 04/7/2018 20:28

Would’ve thought the deep drill would be at about 900m depth by now. Results first week in Aug perhaps?