Asiamet Resources Share Discussion Threads

[jackbal] 04/10/2018 10:12

Agreed Cc if I had any ammo left I would be pulling the trigger right now

[charles clore] 04/10/2018 10:05

Despite the tsunami all-clear I see someone is panicking, taking price down through the stops. Nice for buyers though.

[bubblingup] 04/10/2018 09:56

INDONESIA TSUNAMI APPEAL

hxxps://www.dec.org.uk/?gclid=EAIaIQobChMI6Ymu3bPs3QIVSZPtCh22WwEsEAAYASAAEgLGdvD_BwE

(NB Apple Pay is really quick.)

[tektonik] 04/10/2018 09:42

The location of this tragedy will have no impact on the operations here.

[yorkie14] 04/10/2018 09:42

I have a feeling that the BFS is being held back in anticipation of the funding coming quickly after this allows less time for a takeover. Rick Rule always states that the most vulnerable time for a junior being taken out is between these two milestones. All imo.

GL LTH

[ifthecapfits] 04/10/2018 09:38

"It is a terrible tragedy and affecting a massive area and of course numerous people."

Indeed but Sulawesi is no where near our acreage. Indonesia is huge.

[hawks11] 04/10/2018 09:17

I have seen no mention of the Tsunami and earthquake. It must have caused concern at both operations and there is a real possibility that workers on the sites have relatives etc. It is a terrible tragedy and affecting a massive area and of course numerous people.

[zho] 04/10/2018 07:37

@freeheel @KevinARS was talking with James Deo (CFO) regarding possible lower costs given the depreciation of the Rupiah and took the opportunity to have a wider chat. He posted this in a private chat and was happy for it to be shared:

“Had an excellent update call with James today. I’m very reassured. We covered quite a lot but James said he is really excited about asiamet, it reminds him of his days at oxiana...but we have a much better outlook in terms of the #copper market than they did then. Beutong is absolutely huge - a billion dollar potential asset and it’s very early days there but we have a resource. BFS no specific date discussed but sounds very very close. He said we have 38 or so targets on ksk a lot of which have the potential to be bigger than BKM. Mind blowing isn’t it. No value for Beutong at all. Lots of interest in the company and plenty of options around BKM and partners...”

Thanks Kevin, as always!

[mr roper] 04/10/2018 07:08

Copper up again, warehouse stocks down again. Somethings gotta give soon.

[mount teide] 04/10/2018 01:54

Copper demand to surge thanks to China’s global ambitions, BHP says - Telegraph



Demand for copper will surge over the next five years thanks to China’s huge global lending programme, according to the world’s biggest miner.

BHP Billiton has estimated that China’s "belt and road initiative" will generate spending of around $1.3 trillion on infrastructure projects by 2023, driving an additional 1.6m tonnes of copper demand. This is equivalent to adding another 7pc to global demand.

President Xi Jinping launched the the belt and road initiative in 2013 to further China’s global influence by lending money to developing nations to help them build power lines, roads, rails and pipelines. The scheme has expanded far beyond its original vision of a new “silk road” across Central Asia and now incorporates 115 countries including nations in South America and South East Asia.

FTSE 100 miner BHP has identified copper, alongside oil, as one of its priority areas. The red metal is prized for its conductive properties.

Vicky Binns, head of commodities research at BHP, said the vast majority of the copper used in the belt and road initiative would go into power projects. The electrification of new areas under the scheme could in turn generate more demand for copper in construction and consumer devices as countries develop and their middle classes grow.

“That 7pc number may actually be a lowball figure,” she told The Telegraph. “Once you build all the power infrastructure suddenly there is more manufacturing and building that will follow on from that.”

BHP’s data suggest that belt-and-road countries use just 1.35kg of copper per capita, as opposed to the global average of 4kg. This suggests there is scope for demand in these areas to rise sharply.

“These regions have really low copper demand,” said Ms Binns. “There a lot of areas where you could see a considerable increase.”

BHP is considering options to expand its large copper mines in Chile and Australia as it looks to counter the falling quality, or grades, at its operations.

The Anglo-Australian company also stands to gain from China’s ambitious scheme as most countries in the belt and road initiative lack the ability to mine or refine copper, meaning that an increase in global copper trade is likely......'

[dorset64] 03/10/2018 20:48

Is the opinion the seller of the past few months is now finally out, or taking a breather with this latest induced drop?

[highly geared] 03/10/2018 17:27

Nice bullish engulfing candle... for the Chartists.

[jackbal] 03/10/2018 17:14

Hi Charles, combined with stop losses being triggered on the back of it probably just over exaggerated the down movement allowing the mms to stock up.

That’s my theory anyway, hopefully sub 10 will not be on offer for too much longer

[charles clore] 03/10/2018 17:09

Jakbal - I agree with you about the t+ traders. They were expecting the bfs last week and had to dump when it didn't happen. I expect they have bought back in now so let's hope it arrives within a few days.

[adorling] 03/10/2018 16:53

Nice to finish on the high of the day. Good volume day. Suspect next 2 days will be last opportunity to take a position/investment/top up before BFS is released hopefully on Friday.

[jackbal] 03/10/2018 16:44

Agreed. Happy with my purchase during that little shakedown yesterday

[gymratt] 03/10/2018 15:55

Whatever the reason, it's nice to have another nibble under 10p.

[jackbal] 03/10/2018 15:30

Could have been T traders who had already rolled over once and either had to settle in full or take the hit: Long traders getting their positions stretched out due to BFS taking longer than anticipated?

[pyglet] 03/10/2018 15:25

HG not my bag, but each to their own I suppose.

[highly geared] 03/10/2018 14:30

Have to wonder here whether we have T10 traders selling yesterday then buying back today, all to make a couple of hundred quid on a 2-3% differential; sell at 9.65 buy back at 9.35 etc.?

[okidokicoki] 03/10/2018 14:24

Hope so Adoring starting to turn here panic over .

[adorling] 03/10/2018 14:20

BFS coming very soon and it will be outstanding....

[geic] 03/10/2018 13:34

Huge buys versus sells
Price back to circa 10p by close of play
Big g

[trigger blade] 03/10/2018 13:14

Funnily enough, that's what I thought a few months ago :-)