Asiamet Resources Share Discussion Threads

[monttim] 06/9/2018 22:05

Mr R , I am certainly aware it is ultimately us the many shareholders who will ultimately vote but for the moment and going forward I am happy to follow whatever happens with any Board decision at whatever time. They have brought us here from nothing so I am grateful for that. Let’s break 10,11.12and enjoy the journey Tony and the boys have brought us along on. Good luck. Regards, Mont

[mr roper] 06/9/2018 22:00

I’d like to see them build a monster here but if a bid came in q4 I can’t see how they can fight it unless EMR open their wallet as a white knight.

Odds say they need a partner pronto at Beutong as well.

Best case would be a rapidly financed bkm and a 20-40% stake of Beutong sold for up to 150m bucks. That would leave us in a great position. Cashed up until bkm starts production whilst also going through pea and bfs at Beutong.

[monttim] 06/9/2018 21:52

So what, I am happy to wait a couple of years, plus copper WILL hit $4 sooner rather than later. I am confident the Board will not want a merge or a takeover , they want to build the company unlike the catastrophe that occurred after the disastrous Oxiana decision to merge ZIn. They will want too see this through and I am ok with that at the moment

[mr roper] 06/9/2018 21:42

It’ll take about 5 years to get to a billion unless copper hits 4bucks/lb

[junior21] 06/9/2018 21:36

I’d tend to agree. They know what it takes to get to a $1bn mcap so why let someone else enjoy the spoils

[buildit1] 06/9/2018 21:21

They want to build BKM. Use cashflow to accelerate Beutong and othe KSK prospects. TM says $1bn. That has to be the low end of what they would accept

[junior21] 06/9/2018 21:17

Ultimately it is us as shareholders that decide whether a 25p or 30p bid would be acceptable or not, and that includes JP Morgan. That said I believe the board would have a big say in this. If they recommended we accept such an offer then I think that would be the end of road. Would be interesting to know what the board’s view on this is.

[mr roper] 06/9/2018 16:24

On track according to PB. Ie end of Q3

[dsqjei] 06/9/2018 16:23

Stupid question. Who knows? Still 3 weeks left of Q3 anyway

[plasybryn] 06/9/2018 16:20

BKM - BFS still by end Q3 or slipping into Q4?

[mr roper] 06/9/2018 16:01

That would be nice but 75-100% above broker targets are pretty rare. 25-30 would give a 25-50% premium. A bit more realistic.

[gary1966] 06/9/2018 15:06

I thought he said 14c/lb 12:50min in. Based on that 35-40p presently.

[mr roper] 06/9/2018 14:50

PB says we are trading at 3-4c a lb and deals have been going through at 10c/lb. I'm pretty sure we're going to see a bid post bfs. 25-30p on PB's metrics

[mr roper] 06/9/2018 14:41

All on track. Nice podcast

[pyglet] 06/9/2018 14:13

ARS on today's podcast

[lauders] 06/9/2018 14:00

The last bullet point on page 1 is nice to read zho. Appreciate your link. A happy ARS and CAML shareholder who hopes to be a lot happier in a few years!

[zho] 06/9/2018 13:56

There's a 100 page Arden note on copper and copper miners, out today. ARS is one of the companies featured (see p.69) - Arden have a price target of 24p.

[charles clore] 06/9/2018 13:52

Mr P - could it be supply tightening?

Does anyone have a link for the interview?

[mrpiggy] 06/9/2018 10:27

Hmmm, thats interesting, something stimulating copper prices today...... long may it continue.

[arhaych] 06/9/2018 10:24

Anyone know who is the interviewer and interviewee?

[mr roper] 06/9/2018 10:21

Not for long, Mr p

[mrpiggy] 06/9/2018 10:16

Brakes back on?

[cyberbub] 06/9/2018 10:07

Thanks horneblower. Yes underground grades are usually higher than open pit, but the costs are also higher as you say.