Asiamet Resources Share Discussion Threads

[arhaych] 19/7/2018 18:12

I'll beat this drum again, zho. It's almost identical to the situation at Horizonte Minerals. I've monitored HZM quite closely over the last few months. It too, like Asiamet is very close to publishing a BFS for one of its key assets. It too, is experiencing persistent selling over the last 2-3 month period, which has kept it nailed around the 4p mark.

[zho] 19/7/2018 17:54

I don't know if it stinks, but it is curious. We've had about 90 trading days since the fundraising in March, average volume appears to be roughly 3 million shares per day, so that means that something in the order of 135 million shares have been sold - 14% of the Company - but we've had no holding announcements.

[pyglet] 19/7/2018 17:34

Look at those buys that swarmed in sub 10pence

[horneblower] 19/7/2018 17:30

I suppose the falling prices in copper, nickel, zinc etc is also down to them?

[tektonik] 19/7/2018 16:31

More options exercised, this time from 7p

[tektonik] 19/7/2018 16:22

Struggling to correlate the reported buys with the chart this afternoon, especially from the 100k dump at 15:49. (reported) buys outweigh sells 3:1.

[mrpiggy] 19/7/2018 15:49

and the share price has no pulse, I KNOW THAT!

[arf dysg] 19/7/2018 15:44

The above could all go horribly wrong if other news comes in, or the market mood shifts, while they're still short a lot of shares.

There are still people buying. I know that. These buyers are pleased that the price has not jumped up like a cat on hot bricks. I KNOW that.

[mr roper] 19/7/2018 15:33

Possibly not far off Mr p. Hence why the smart move would be announcing financing with the bfs

[mrpiggy] 19/7/2018 14:55

So...... you all know exactly what you are doing then team?
You all have your allocated shares so any concerted buying must be hammered down so the share price remains around the 10p mark.
Any positive news flow and you all hit the sell button once the buying slows so the share price gets no momentum.
Any questions team?
Yes, how long do you think this will take?
We have no time limit, we just stagnate the share price until we get concession from Asiamet on the financing deal.
Can we sell at a loss?
If needs be, it doesn’t matter as long as we get the concession!
That’s a brilliant plan sir , there will be no 3% disclosure RNS because the selling isn’t from one body.... yes and sooner or later the buying will all but dry up because any potential investors will be sitting on the sidelines waiting for some uptrend before investing!
So do we have Asiamet by the balls sir?
For want of better terminology yes we do.... now let’s get off to work!
A theoretical team discussion four months ago!

[billyrayvalentine] 19/7/2018 11:53

...now we know why Stephen is gone, PPE offender ;-)

[mr roper] 19/7/2018 11:08

Big drill keep on turning....awaiting results from both drills to extend the resource laterally and at depth...

[mount teide] 19/7/2018 11:00

A statistic the Chinese as the worlds largest consumers and buyers of copper like to keep quiet: In the present decade Chinese copper consumption growth has averaged 131% a year higher than during the decade before known as the Chinese driven commodity 'super-boom'.

In just the last 4 years the tonnage increase in Chinese copper consumption was equal to the tonnage increase for the entire 2000-2009 commodity 'super-boom' decade and nearly double that of 1990-1999.


Global Copper Consumption Growth:

From 10.8m tonnes in 1990 to circa 24.0m tonnes in 2017

+3.4m tonnes / 1990 - 1999 (average growth of 0.34m tonnes per year)

+3.8m tonnes / 2000 - 2009 (0.38m tonnes per year)

+6.0m tonnes / 2010 - 2007 (0.60m tonnes per year)


Chinese Consumption Growth:

+1.6m tonnes / 1990 - 1999 (average growth of 0.16m tonnes per year)

+3.2m tonnes / 2000 - 2009 (0.32m tonnes per year)

+5.8m tonnes / 2010 - 2017 (0.74m tonnes per year)


Source: Energy and Capital

[pyglet] 19/7/2018 10:19

I thought the BFS was supposed to be H2?

[arf dysg] 19/7/2018 09:39

It takes longer than you think.

Note that this rule is recursive.

[mr roper] 19/7/2018 08:56

From the 600m hole, 2lb..yes? Not the biggie. I reckon another 3 weeks for those

[2lb] 19/7/2018 08:38

True enough HGI'm still not seeing BFS this month Beutong assays first to my mind , some time next week

[highly geared] 19/7/2018 08:33

I suppose the copper news articles reinforce the long play nature of ARS. BKM producing 2020-2030 right into the sweet spot on projected copper pricing. Beutong ( if they keep it), 2023-35 etc...

They need to get the BKM BFS out in the next 10 days and follow up with good Beutong deep drill results.

[2lb] 19/7/2018 08:12

I have to say this "new rich period" isn't quite as "newsy" or as "rich" as 'i was hoping for........

Equally , 2018 as a "transformational year" is also not quite what I would have expected in terms of so far transforming 14p into 9p

Ah well , back to sitting and waiting..........

Really would have though the next Beutong assays would have been released by this point.

Copper market clearly not helping although the undertones remain more positive than ever in that respect.......

[mount teide] 18/7/2018 23:48

Well, well - good to see the Wall Street Investment banks finally waking up to the impact that 5 years of chronic under-investmentment is going to have on production growth during the next decade, particularly when combined with falling head grades at existing mines .

'Prepare for a decade of Dr. Copper on steroids' - Citigroup

The bank sees average annual prices at $8,000 a metric ton in 2022, passing $9,000 a ton by 2028 under its baseline scenario.



Copper Prices Are About to Go on Steroids, Citi Says - Bloomberg today




'Recent rout opens up long-term buying opportunity, bank says - Prices may top $9,000 tonne next decade as supply growth slows.

Copper’s slump amid a deepening global trade conflict offers a long-term buying opportunity, according to Citigroup, which shrugged off fears for world growth to boost its long-term forecasts.

“Prepare for a decade of Dr. Copper on steroids,” analysts including Max Layton and Tracy Liao wrote in a July 17 note. The bank sees average annual prices at $8,000 a metric ton in 2022, passing $9,000 a ton by 2028 under its baseline scenario. The metal, often viewed as a barometer of world economic health, closed Tuesday at $6,152 a ton in London.

Hot Metal
Copper poised for multi-year advance on tight supply, Citigroup Inc. says


Copper has spiraled lower in the past six weeks as President Donald Trump upends global trade with disputes involving multiple nations, most critically with No. 2 economy China. But, in the longer term, Citigroup said prices have to rise because the metal is getting much more difficult and more expensive to mine.

“We look beyond the potential trade war to longer-term copper market fundamentals and we find that current prices of $6,200 a ton are nowhere near high enough to enable the market to clear,” the analysts said. “Copper is set to outperform most other commodities under our coverage over the coming decade on a lack of mine supply growth.”

Citigroup’s forecasts from 2023 are based on a new long-term forecast of $7,500 a ton, assuming 2 percent annual inflation, up from an earlier outlook of $7,000 a ton, the bank said. The metal slumped to its lowest in a year earlier this month, after touching its highest since 2014 in June.

The bullish outlook chimes with other analysts and miners who see a supply shortage looming as urbanization and the rise of renewable energy and electric vehicles fuels the world’s need for the metal. Demand can keep growing at an average of 2.7 percent a year through 2030, with new energy sectors and EVs contributing most of the increase, according to Bloomberg Intelligence. The market is entering a long period of deficits starting this year, Citigroup said.


“The overall lull we’re seeing in project development will start to weigh on the market and we’ll start to see supply fall well behind what are relatively conservative demand forecasts,” Daniel Hynes, senior commodity strategist at Australia & New Zealand Banking Group Ltd. said in a Bloomberg TV interview.

“I’m still quite positive on copper in the longer term, but even in the shorter term we’re starting to see some value and concerns around the trade war are overdone.”

Citigroup added a note of caution for the near term in its report, noting that if a full-blown trade war materializes, copper will fall “materially lower before it goes higher again.” Still, that’s not the bank’s base case, and copper should find a floor near current prices as high-cost mines come under pressure in the low $6,000 range, it said.'

[charles clore] 18/7/2018 14:23

Mr P - don't give up yet!

[mrpiggy] 18/7/2018 12:50

Yep, still have my trough at SOLG, it's been moving up over the last few days on little or no volume, someone posted that their broker had trouble with buying SOLG shares but selling was not a problem!I notice that we have had our 1st multiple sell here on Asiamet, 4x 150k..... now that's a heavy shower!

[markth126] 18/7/2018 12:00

Mr Piggy, see the patience is slowly paying off in SOLG, hope you hold still. Slow burn but big results hopefully in time, like this one! Keep the faith