Asiamet Resources Share Discussion Threads

[cupidstunt42] 10/7/2018 15:27

People are investing in hzm because of the "Rich news flow period" this is what I did with ars in Feb, really regretting now as I'm thousands down and we're at the end of our new rich news period. Not a good start to my trading err career?? In fact it's probably the end of it.

[mrpiggy] 10/7/2018 15:13

Approx 600k sells since the 2,000,000 sell this morning so I guess that answers your question wether the seller/sellers are out. I guess you were right CC so it's humble pie for me! :@/

[cyberbub] 10/7/2018 15:12

Blatantly obviously a sell, as it's the lowest price of the day, apart from a couple of desperate small sellers.

[2lb] 10/7/2018 14:19

The 2m is a sell / matched transfer to a new holder.

Allegedly it is the last tranche from an exiting holder.

[ifthecapfits] 10/7/2018 14:19

Hmm. Price action might indicate a sell. If so hope its cleared them out.

[pyglet] 10/7/2018 14:18

I thought the 2M was a buy.

[arhaych] 10/7/2018 13:56

That 2M sell at 11:24 seems significant, is that the seller out?

[charles clore] 10/7/2018 13:45

Horneblower - sorry if I don't openly admit to your definition of trader. I don't consider myself as such but I have been investing in stocks and shares for a long time and tend to move in and out on gut feeling which has served me well over the years. But I guess if you think I am a trader that's fine by me, I'm not one for titles myself and tend to move between boxes as and when I see the need. And you are right I did buy HZM this morning because I had a feeling the price had bottomed - it paid off.

[edjge2] 10/7/2018 13:36

Been hovering 10-10.5p for some time and got a fair bit cheaper today on suspicion of a placing it seems but my understanding was they had enough cash right now. Got my small truck out. Fair bit of news to come but Jackbai wise not to sell. I need to round up potential cash, oil profits etc should 8.5p or lower arrive. Looks stonking value below 10p IMO but this is aim and prone to crazyness, our opportunity!

[jackbal] 10/7/2018 13:26

Well I've placed a bet today. Still holding all my shares and have opened spread bet at 9.6, will add again if 8.6 ish becomes available.

Good luck all

[2lb] 10/7/2018 12:23

The AGM resolution to permit 20% dilution was very telling to my mind and a more positive indicator that BKM development will be financed by some material partnership activity.

You can not do much with a £20m cap on placing funds available over the next 12 months so that is for more tactical activity and perhaps attracting more large funds like JPM.

I would expect that BKM financing conversation are at least 80% complete and have been going on for some time , as such I don't see a huge time gap between BFS and financing but there will be an amount of time needed to finalise things.

My concern primarily right now is that the likely BKM financing partners will be using the weakness in the copper price and the ARS share price to push and push on better terms so that impacts all of us.

Dropping the latest Beutong assays over the next day or two would be useful.

[bobby1904] 10/7/2018 12:06

Ok, noted.

[bobby1904] 10/7/2018 12:05

It's not a placing! Who on earth has dreamt that up?? ONG aim is so frustrating. Any drop in share price and The muppets start jumping at ghosts!!!

[horneblower] 10/7/2018 11:57

The £7m they raised in March was partly to pay for raising the Beutong stake from 40% to 80% and partly to finance extra drilling.
That's peanuts compared to what they will need for financing the mine and they need to do a lot more drilling to delineate BKZ etc and Beutong.
When you are building a billion dollar enterprize you need more than £7m.

This is a long project.
If you expect huge, quick returns, go somewhere else.
If you expect huge returns over three or four years, don't let a 10% drop in share price rob you of the long term gains.

[ayesha4] 10/7/2018 11:53

When this is 14p again in a few weeks, plenty will be kicking themselves

[dog tyred] 10/7/2018 11:42

No no, it's my fault. I topped at 9.8 and its dropped ever since. Good job I didn't top up again at 9.5 !!

Stay strong peeps

DT

[horneblower] 10/7/2018 11:41

The company increased the number of its authorised shares by 20% at the recent AGM.
This gives it the ability to raise finance using the excess of authorised over issued shares.
When this happens it will mean dilution and a small drop in share price in order to give the capital suppliers a "thank you". I do not expect the discount to be large but it is practically inevitable.

I take this as a sign that things are on the move.

Bring it on.

[markth126] 10/7/2018 11:37

Topped up much to my trepidation but still believe in the story and these will be a lot higher in 2/3 years when I will reap the rewards. Hopefully by a factor of 5 of where they are today

[pauliewonder] 10/7/2018 11:37

Absolutely no reason to panic. The reason for the fall is quite clear. I topped up this morning, and that typically results in a large and immediate drop. Apologies, it's my fault.

[2lb] 10/7/2018 11:34

Bobby, you are missing the point, I have not said it never delivers, it always does, I have said it always delivers later then expected, making things quite predictable, including share price movement and thus meaning you can trade large amounts in relatively comfort.

[ayesha4] 10/7/2018 11:32

Is there a reason for the fall?

[bobby1904] 10/7/2018 11:29

...how on earth do you come to the conclusion about the co. not delivering on milestones? If that's your view you obviously don't invest anywhere else in AIM as when it comes to delivering please show me many other co.'s with a track record even half as good as ARS?

[bobby1904] 10/7/2018 11:26

Total rubbish...