Asiamet Resources Share Discussion Threads

[mr roper] 06/9/2018 06:58

Montim, that’s the point. We (us and the bod) would want significantly more. The problem being that if a 25p bid came I can’t see the defences in place to fight it off.

[uapatel] 06/9/2018 04:47

“Everyone loves copper and everyone wants to buy it” has been this year’s mining mantra. Today the ball started rolling.

[monttim] 05/9/2018 23:36

I am sure Tony and the boys would want more than 25p after taking their wages for so long in shares and options. Get another partner on board and shore up support and 35p will be distant memory in a couple of years. I have a feeling their are far more holders than we think that would hold on for far more than 25p.

[cyberbub] 05/9/2018 22:24

I would as well Mr Roper, with my average at 3p :-)I would hope the share price would be substantially higher than 25p in a couple of years' time, when we're in production and copper prices are probably pushing $4. I'm quite happy to wait a couple of years, but if someone pounced in November say and took us out for 25p I wouldn't cry myself to sleep.Just my view, NAI etc

[mr roper] 05/9/2018 22:16

Cyber, and at the moment I don’t see a defence mechanism to fight off a bid. I,e if 25p was offered I’m pretty sure jpm would see that as a tremendous return...

[cyberbub] 05/9/2018 22:14

My sentiments exactly Mr Roper. While our assets aren't as big as Nevsun's (yet), Asiamet still seems undervalued IMO, and the time for a buyer to strike, if they're going to, will be this side of Xmas.NAI

[mr roper] 05/9/2018 20:53

3-4 months after nevsun publish the feasibility study they’re gone. As a Rick Rule says, post feasibility is when the bids come thick and fast for decent assets.

[pyglet] 05/9/2018 20:35

Lots of sells into the close. So mind boggling at times this game

[shareideas1] 05/9/2018 17:24

Also worth noting they had 8 interested parties...

[horneblower] 05/9/2018 17:16

zho,
It's not outside the bounds of possibility but sounds extravagant to me.
I'll investigate.

[shareideas1] 05/9/2018 17:13

Where will Lundin look next?

[zho] 05/9/2018 17:08

>>Surely, shome mishtake.>>

Is it? Sorry if I've got that wrong but it's what the Nevsun presentation says on page 10, and it tallies with figures on page 12.

[horneblower] 05/9/2018 17:05

27Mt at 3.3% cu ?

Surely, shome mishtake. Ed.

[zho] 05/9/2018 17:00

cyberbub,

>>But how much is inferred/indicated/measured at Nevsun compared to Asiamet?>>

The Nevsun presentation says "Probable Mineral Reserve 27Mt at 3.3% cu" so that's 11 times as much copper as Beutong, at a higher grade, before upgrades to Beutong from this year's drilling.

[cyberbub] 05/9/2018 16:53

But how much is inferred/indicated/measured at Nevsun compared to Asiamet?

[charles clore] 05/9/2018 16:10

Crazy price with ARS under £95m for the whole caboodle!

[dsqjei] 05/9/2018 15:49

Having read an article on this. Nevsun estimates the upper of the Timok mine to produce more than 1.7bn lbs of copper with a 10 year mine life.Compare this with Beautong from the latest drilling 5.3bn lbs of copper. That's just the copper alone and only Beautong

[uapatel] 05/9/2018 15:34

Link was from ARS tweet about 30mins ago

[uapatel] 05/9/2018 14:55

Funny ole game this is. Few days ago I could not even purchase 5K shares because (according to my broker) a transaction was being dealt with. At time I thought that meant a big buy order was coming in. Now we have a 500K sell, or at least that's what it says. Go figure?

Anyways, good luck all holders.

[horneblower] 05/9/2018 12:16

A 500k sale at 10p has temporarily arrested ARS's ascent. However it has not knocked the recent rise off course. Imo it would have to close below 9.8p for that and I don't think that's about to happen.
GLA.

[dorset64] 05/9/2018 11:59

CC I'm sooooo so glad you're not the current Governor of the Bank Of England.

If there's an impending slowdown sure, less cars will be sold, less houses will be built etc etc BUT, the deficit of copper will still be growing against current inventories and even more so if the copper price took a hit. All this would mean is less investment in copper mines all the while the deficit gains momentum. Eventually something will have to give and it will be the copper price that's for sure.

So if there's a slide in world economy, we still have the product in the ground and a reduced price to recover it, if there's an expansion in the economy copper price increases and so does our portfolio.

Whats not to like about copper and specifically Asiamet right now.

[mount teide] 05/9/2018 11:30

cc - the global economy today is so interconnected its virtually impossible for the US economy to avoid taking a hit if the rest of the world goes into a downturn.

The large economies now largely all fall or rise together - decoupling from the general direction of travel of the global economy is no longer an option.

[charles clore] 05/9/2018 11:21

Mr P - I can only write how I see it. I wish I could paint a more colourful picture for everyone.

MT - so Trump is playing the system so that he will be re elected? Do you think Trump cares about dragging the rest of the world down as long as America comes out on top? He seems to be making a pretty determined effort right now.

You both make good points but in a world where almost everything is manipulated I can't imagine the outcome will be beneficial for the masses.

And thank you Mr R!

[mr roper] 05/9/2018 10:50

Before it collapses. ..just thought I'd add that for Charles ;0)

[mount teide] 05/9/2018 10:46

cc - even at the height of the worst global financial crisis for 70 years copper demand only dipped slightly for about 6 months. Other than that demand has rise 2-4% a year for the last 50 years.

Trump wants to get re-elected he knows this will be impossible if he instigates an all out trade war. Once his ego is sated by achieving some modest revisions of the US's current trade deals he will call the dogs off and market fundamentals will again drive pricing as it should in an open, free market.