Asiamet Resources Share Discussion Threads

[pyglet] 20/9/2018 14:46

In for just a tad more. Me thinks finance is being sorted out behind the scenes and I'm expecting this to fly once word has been released. IMO

[mount teide] 20/9/2018 14:45

Mr R - if there is - i doubt it will go down particularly well with those who participated in the 65 million share placing at 11p in the spring.

As significant value enhancing progress has been made since then including going from 40 to 80% ownership of Beutong together with the Initial BKZ Mineral Resource Estimate for both the Upper Polymetallic Zone and the Lower Copper Zoner. As well as further drilling at Beutong revealing 'strong' mineralisation extending beyond the 2014 resource envelope in all holes completed so far.

[horneblower] 20/9/2018 14:24

Cyberbub and Plasybryn, I take your points which are well made.
I am deeply long and optimistic about ARS and am very happy with our BOD.
GLA.

[shareideas1] 20/9/2018 14:18

Yeah - it's feels that way doesn't it

[mr roper] 20/9/2018 14:15

I can't help but think some corporate transaction has been agreed for this level.

[zho] 20/9/2018 14:10

Eek! I hope Arf Dysg doesn't see that.

[tektonik] 20/9/2018 13:51

Agreed Aimraider and with the number of delays to the BFS to eek further value out of it for various reasons, I'm fully expecting it to be at minimum, exceptional.

[shareideas1] 20/9/2018 13:41

Lots of volume going through at 9.99 and 10.0p?

[aim0raider] 20/9/2018 13:18

Podcasts etc from the Co suggest BFS will be even better than the PEA.

A lot as happened since then as well, including more certainty in terms of the resource.

There's also the added bonus of BKZ, which was looked at after the PEA. We know that can feed off BKM infrastructure when built.

[arhaych] 20/9/2018 13:00

I think JV and project level partnership options would be the preference for the BOD here. Just a guess.

[plasybryn] 20/9/2018 12:58

I agree with that. Funding here will be seen to be value accretive and consequently any Placing with Institutional Investors should be at a premium imo, but it depends how strong the FS is. I suspect it will support a premium Placing.

[cyberbub] 20/9/2018 12:47

Hornblower, there is no certainty of a placing as such? The management have said that they are looking seriously at the option of giving away 40% of KSK to a local partner in return for them building the plant. That would mean no dilution as such. Of course it would reduce future earnings and Asiamet's NPV, but in my view it would still be substantially undervalued, with the benefit that there would be no massive overhang holding back the market as it re-evaluated the share price towards fair value.And even if there was a placing, there's every reason to hope it might be at no discount or even at a small premium (yes premium placings do happen) given the massive prospectivity, and derisking from the BFS.Let's see.NAI DYOR etc

[tektonik] 20/9/2018 11:21

debit card is on my desk ready and waiting for a top up

[horneblower] 20/9/2018 11:04

Also remember that I am talking about the finance package, not the publishing of the BFS, although these may coincide (doubtful imo).

[horneblower] 20/9/2018 11:01

Remember that a financing package will involve dilution at a specific share price.
That share price will be at a discount to the recent past so, perhaps, 9.5p. This is presumably why the share price has been drifting (along with $Cu).
It has actually stood up rather well considering there is the general expectation of a large fund-raising.
I am expecting a whoosh afterwards but don't be surprised if there is a small dip beforehand.

[horneblower] 20/9/2018 10:54

The actual date is 8th October. However, that is a Monday and unlikely, so my suggestion is w/c 8th October. There is no reason for that date apart from it being the average time lapse between placings of the previous 5 placings, the deviance being quite small.

[arhaych] 20/9/2018 10:47

Supposedly by end of September, you mean, Plasybryn?

[plasybryn] 20/9/2018 10:29

hornblowe: So I think you are saying it needs to go up from this level to restore a positive chart view. With the F.S. due, supposedly by end of Oct. that catalyst for an upward push is surely there. But one would have expected buying pressure ahead of this significant milestone which is slightly surprising. Let's hope it isn't delayed and it proves a clear picture of the understated value here.

[mr roper] 20/9/2018 09:51

Someone's hoovering up those sells.

[horneblower] 20/9/2018 09:09

Someone asked for my thoughts on the chart.

The pale blue channel is my original, long-term channel which appears to have broken down currently (bearish).

The green channel is an adjustment to see if the recent falls can be accommodated without stretching credibility too much. This is poor charting practice and not to be recommended but the green lines don't in fact look too outlandish (bullish).

The orange channel does look very like a completed Elliot bear phase of two proportional down-legs (bullish).

The yellow arrow shows where a financing arrangement would happen if the timing occured at the average time of past placings (they were very consistent) (bullish).

The chart over the past 14 months could be construed as a head and shoulders pattern. If so, it breaks several rules and I am not inclined to give it credence (neutral).

[hawks11] 20/9/2018 08:53

Followed up by the FT:
hxxps://www.msn.com/en-gb/money/entrepreneurs/how-the-promise-of-electric-power-could-transform-aviation/ar-BBNudEm?ocid=spartanntp

[hawks11] 20/9/2018 08:51

That is an excellent read Zho, better than watching the podcast. It spells out that this is very good long term investment, which we all need reminding of occasionally.

[zho] 20/9/2018 08:25

Transcript of Peter Bird CEO of Asiamet Resources on The Vox Markets Podcast 6th September 2018.

[mr roper] 20/9/2018 07:13

Only 6 working days left. I think the bfs comes next Thursday.

[snickerdog] 19/9/2018 16:43

Mount Teide, agreed