Asiamet Resources Share Discussion Threads

[jackbal] 02/10/2018 14:25

Raided the piggy bank. Added 2.5k and that really is my lot.

Sorry Mr P!

[jailbird] 02/10/2018 13:51

Well my stop got it earlier today But still holding some , just reducedI feared 9.5p was coming last week

[adorling] 02/10/2018 13:28

The chart indicates another “lower low” so probably one of Charles 8.5p targets this time if our BFS RNS does not materialise very very soon.

[knobbly] 02/10/2018 13:25

This smells like MMs bottom fishing

[2lb] 02/10/2018 13:16

Finger now on the button - just waiting for @9.1

[markth126] 02/10/2018 13:12

This smells like a 9p placing!

[highly geared] 02/10/2018 11:11

MrPiggy , thanks for reminding the board of the podcast; I missed it as was on holiday. Just had a listen. Good as ever by Peter and what remains the case is this is a long term hold for the big gains.
I think this time last year and through to March, we became used to lots of news on the assets and particularly BKZ. Since March, news has been slower and the Beutong drilling, whilst positive, is difficult to articulate in terms of where it takes us in the immediate or short term. This, allied to a delayed BFS release, leads to degree of stagnation in people’s minds, mine included.
Back to observing aas the ARS story continues its steady progress.

[2lb] 02/10/2018 11:03

Not sure what the issue is - it was always going to be late, its blindingly predicatable, hence manage your position accordingly

Nearly time to buy back my trading pot from a few weeks back which was sold in the safe anticipation of this dropping to 9.5 or below once the BFS failed to appear and traders moved on.

[knobbly] 02/10/2018 10:40

Spot on tektonik. Couldn't agree more.

[tektonik] 02/10/2018 10:33

Mildly frustrating stuff if you believe Q3 to mean exactly the same thing as 28th September. It really isn't the same thing. Q3 was an estimate - not a deadline and not a solid date in the sand for which the BOD can be held accountable for. There's very good reason for not providing a firm date in any project or delivery management sitaution when there are a significant number of factors outside of your control. There are all positives here for us - we have yet another unbelievable opportunity to top up here and pretty sure once the BFS is released we can all wave away the opportunity to top up in single figures, probably until they've sold all of the copper in Beutong!

[knobbly] 02/10/2018 10:21

BFS must be due soon. MMs fishing for stop loss triggers?

[bubblingup] 02/10/2018 10:16

Perhaps the company feel they cannot do justice to the launch of the BFS against the the backdrop of a national disaster when the death toll is over one thousand and rising by the day. Out of respect to the host government and even their own employees. Under the circumstances they may feel a modest delay is appropriate and may also give them further grace to get the financing in place?

[mount teide] 02/10/2018 10:00

HG - It would not particularly concern me if the finance for BKM was put back until Q1/2019, since I expect Trump's trade war fights will largely be resolved and in the rear view mirror by then, with market fundamentals regaining the initiative and driving industrial metals prices back up to where they were in H1/2018.

During the recession/general market downturn of 2000 - 2006 when the main equity markets dropped 50% by 2002 before recovering to still be 20% down by 2006, miners like little Oxiana Metals had no problem raising equity finance as a result of rising commodity prices due to market deficits caused by the 1995 - 2000 waterfall drop off in production development investment as a result of a half decade of falling metal prices.

Identical market conditions exist today as in 2000/2001 - high/record general market indexes and low industrial metal prices/miners equities, close to decade low LME Stock Inventories and supply deficits.

AIMHO/DYOR

[adorling] 02/10/2018 09:56

Soooooooooooo predictable yet again ffs.

[highly geared] 02/10/2018 09:39

Trigger; sit tight but probably vent frustration, it was more a mental statement. I’m hopefully here until 2023 and have a reasonable 7 figure share holding.
The price is down again as short term traders sell, having bought in for the Bfs announcement last week , that hasn’t arrived.

[plasybryn] 02/10/2018 09:31

Has anyone contacted the Co. to ask why the deadline has been missed without the courtesy of a comment?

[trigger blade] 02/10/2018 09:14

HG,

What will your next course of action be if there’s no announcement when your grace period expires?

[highly geared] 02/10/2018 08:44

I will give them up to 10 days ‘grace’ as it’s clear they’ve been up against it since it was pushed back into Q3. I’m as much interested in any commentary around how far along they are with finance discussions. Peter Bird told me last April that it would be around year end to conclude finance but I don’t know whether this had built in the delay to the BFS. What we don’t want is finance dragging into Q1-2 2019 as we are then at the mercy of market conditions. We are at the tail end of a long bull equities market so I’d like to see BKM financed and the ARS model proved up before the markets and finance conditions take a turn for the worse.

Beutong becomes more valuable with BKM financed as its demonstrable proof the company can deliver on developing assets. Beutong is 6-8x BKM and the real strategic prize, albeit KSK is likelihood to be similar scale once properly explored and drilled.

[charles clore] 02/10/2018 08:33

When the bfs is released I think it will fully justify the delays and simply blow us away. I believe the price will respond very favourably too. When it happens it happens and anyone not on board will be left stranded imho.

[impvesta] 02/10/2018 07:58

Dorset - post 16565 said:

"Im happy for it to arrive whenever they are ready to release it but what really grates on me is when they promise a date but continually miss it. "

From the RNS of 10th August:

"Asiamet is pleased to advise that the Bankable Feasibility Study (BFS) for the Beruang Kanan Main (BKM) Copper project located in central Kalimantan, Indonesia is nearing completion and is expected to be finalised and delivered by the current quarter."

The use of the words "is expected" doesn't look anything like a "promise" to me. Just a best estimate. I fail to understand the level of excitement produced by this expectation being missed, so far, by only a couple of days.

[tomcorvid] 01/10/2018 22:35

To be fair a good deal of the delay has been caused by finding a high grade chunk of zinc in the vicinity which complicated the plant/tailings/leach pad etc positioning not to mention having to redesign the plan to accommodate getting it out of the ground at some point without having to spend a whole bunch more cash. Also we don’t know what silver has been found so if there are hints of a significant deposit it would make sense to include that in a zinc processing plan. Delays worth suffering through I’d say. But yes, to say last month by months end and then not make the deadline is annoying, although hopefully it’s just because they are working so hard they have lost track of the date.

[mr roper] 01/10/2018 22:11

What do you expect for a Moanday evening! I’ll get my coat...

[jackbal] 01/10/2018 21:42

It is possible to be critical but still find enough reasons reasons to hold.

Why does it have to be a binary situation?

If shareholders can’t have a moan what’s the world coming to!

[dorset64] 01/10/2018 21:35

R&J lol, take a look at the RNS as it states a date by when it will be released, then only a couple of weeks ago TM said it will be days, in the most recent shareholders meeting TM said it was 'imminent', that was a few months ago and Im not even thinking of the promises of it being released in the 1st quarter this year, then the 1st half, then the 3rd quater and now we're in the 4th quater. So if you think I'm moaning because they are 'a day late' then you really couldnt be more wrong. Im happy for it to arrive whenever they are ready to release it but what really grates on me is when they promise a date but continually miss it. It really wouldnt concern me, as a long term invester if it didnt arrive unti Q1 2019 as long as its good which I fully expect it to be, just stop promising something you cant deliver.