Asiamet Resources Share Discussion Threads

[mr roper] 26/9/2018 10:31

Actually, a placing might not be unrealistic.
Cash in march was 10m bucks
Cash at end of June was 4m
Cash at end Sept, I'm guessing will be around 1m as most of the drilling work on beutong is done.

SP seems to have been held around the 10p mark for eternity. I had hoped they would go big at the time of the bkm funding and raise another 20m to progress other ksk targets and beutong. But that may not turn out.

[dorset64] 26/9/2018 10:16

Filtered haha

If ever you un-filter me, here's my reply.

To say you were 'a little taken aback with the (placing) suggestion' either shows a lack of knowledge or games being played so to say you fully know the score is incorrect. The simple fact you have 'filtered' me implies the latter.

[pob69] 26/9/2018 10:13

Thanks Dorset64 for your weloming comment.

Have a look at my SOLG posting history and on CEO.ca. Been in SOLG since 2007 (and if you were bothered you would note my research is all original materials). I hold ARS as well though not as long and all I did was post to enable discussion. I fully know the score so...

Filtered.

[aim0raider] 26/9/2018 10:11

I think it's more the TIMING of further funding that would be a concern, i don't think anyone is under the illusion that further funding won't be needed.

That's the point.

Funding prior to BFS would be a concern. Post BFS, in theory, we'll be worth a whole lot more, with the backup to prove it.

[horneblower] 26/9/2018 09:47

No, but they are doing much more drilling at greater depths at Beutong so their monthly expenditure will have risen.
Don't worry. We are in very good hands.

[charles clore] 26/9/2018 09:38

They can't have spent all that money from the last placing surely!

[horneblower] 26/9/2018 09:34

I hope there is a placing. Of 3 of the previous 5 placings done by this company, the share price has more than doubled shortly thereafter!

edit...

The other two were "tactical", (April '16 and March '18) and were followed later by a second, "strategic" placing which doubled the share price...as, I believe, we are about to witness.

See bottom chart in header.

[mr roper] 26/9/2018 09:30

In that case he has again confirmed his idiocy.

[aim0raider] 26/9/2018 09:28

Roper, i believe the TW comments related to a working capital type placing, rather than strategic finance. That's what i make reference to.

We all know something will need to happen reference the mine development, but i understand TW wasn't pitching it on that angle.

[aim0raider] 26/9/2018 09:26

I understand it's BS, aimed to poke a stick and grab a headline.

Some numpty from VSA capital (connected) made a post about cash burn on Twitter, which was based on amateurish assumptions.

DYOR of course.

[cupidstunt42] 26/9/2018 09:25

That guy is a bona fide psychopath. The things I've seen him post on Twitter make me cringe.

[mr roper] 26/9/2018 09:25

Yes there will be a placing. We need to finance a mine build. Unless they find a money tree on at 600m depth on the last beutong drill

[mr roper] 26/9/2018 09:13

Could drive a bus through the spread

[knokke1] 26/9/2018 08:50

9.80 x 10.30

[dorset64] 26/9/2018 08:50

Perfect, I'll be at the Ryder Cup on Friday rejoicing in both Europe & Asiamet being huge winners on the day haha.

[knokke1] 26/9/2018 08:22

9.80 (x3), 9.70 (x1) v. 10.00 (x1), 10.50 (X2)

[highly geared] 26/9/2018 07:24

Explains the flurry of buys yesterday but equal flurry of sells leading to an oscillating share price! Looks like next week in my view for the official RNS although end of this week at a push.

[adorling] 26/9/2018 06:27

Peter Bird interview on Proctive Investors yesterday.

The boss of Asiamet Resources PLC (LON:ARS) has praised the AIM-listed explorer’s “strong first half” performance as it edges closer to delivering a bankable feasibility study for its BKM copper project in Indonesia.

The report is due to be delivered within the next few days, before the project, the most advanced in Asiamet’s portfolio, goes into development in the second half of 2019.

BFS due next few days so sounds like it will land before or on Friday.

[mount teide] 25/9/2018 14:46

The outstanding results this year of the infill drilling carried out at BKM together with the various other preparatory work streams reported on by management collectively has the potential to significantly enhance the value of the asset/BFS.

Those up to 25% Copper near surface results in the high grade areas of BKM that will be specifically targeted for first production should ensure very strong initial cash flows and rapid payback of the investment cost.

[zho] 25/9/2018 14:22

Getting the bankable feasibility study for BKM ready has been the main focus for Asiamet this year, and it should be delivered within the next couple of weeks

[mr roper] 25/9/2018 14:02

Interesting. Today could be the day the Ping cometh!

[mount teide] 25/9/2018 13:56

Picked up another 100k via CFD at 10.0p before the MM's all cleared off to 10.4p or above.

L2: 2 v 1 / 9.9 v 10.4p(rest 10.5p - 10.75p)