Asiamet Resources Share Discussion Threads

[tidy 2] 19/10/2018 12:32

Offering over 7p to sell now.

[arhaych] 19/10/2018 12:31

Some people got mugged this morning, selling at just over 5.

[zho] 19/10/2018 12:26

jimbo - the negative story was posted on Monday but was only picked up on yesterday

[jimbo310813] 19/10/2018 12:24

It stinks of someone leaking the negative story prior to the 2 RNS knowing full well it start the price dive with people panic selling. Then the 2 RNS's drove the price down to today's low for those to then hoover up the shares at 3 or 4 p lower than they were previously trading at. I suspect the share price will recover quicker than those on here have speculated and those in the know will be happy with a large purchase at a very decent discount...

[yasx] 19/10/2018 12:21

Nice trade for the morning...sold for a turn. Back later.

[tidy 2] 19/10/2018 12:15

Can sell at the ask now. Big order filling here. Orchestrated news drop imo

[mount teide] 19/10/2018 12:10

The last placing was for $7m at 11.0p - with Beutong's future drilling costs likely to be heavily carried by going down the route of securing a partner - I suspect any future placing will likely be less dilutive and at a higher price than many have suggested since viewed from a medium/long term perspective yesterday's announcement will have changed little with respect to the investment potential.

[wisteria2] 19/10/2018 11:43

Agree calum.

[calum] 19/10/2018 11:40

A lot of big buys going through. It would do wonders for share price & credibility of the management if they RNS some director buys today.

[ifthecapfits] 19/10/2018 11:40

and I guess there is a reasonable chance of that. I haven't sold any as in it for the long run. Hard though being down 10k. Only wish I had the kahunas to purchase more this AM. Considered it but decided against.

[wisteria2] 19/10/2018 11:37

Well if the company management come up with an rns in the next couple of weeks saying they have secured a finance package, then we will know that this raid was very likely done by those in the Know!

[mount teide] 19/10/2018 11:13

yasX - advfn has no one with a more selective memory than you!

Edit : good to see you follow us into SAVP and ARS.

[charles clore] 19/10/2018 10:47

adorling - we have plenty of copper but it's not for sale yet. Before that happens it has to be viably extracted and processed. Before that happens the resource has to be accurately assessed and the mining operation costed. Before that we need the trust and backing of financiers (or at least, their palms will have to be greased). So quite a big gap there at the moment and that gap got much wider yesterday. I am hoping for a simple solution but I fear the bod will have to relinquish a large chunk of Beutong.

[yorkie14] 19/10/2018 10:46

Well looking on the bright side the seller maybe out now!

GL LTH

[bubblingup] 19/10/2018 10:41

Seems to me the management (and many of the rest of us) didn't fully allow for the huge boulder that Trump has chucked into the world trade pool. He is not known as a disrupter for nothing, and the Chinese are not currently lying down and letting him tickle their tummies. We have got used to him settling his trade and political disputes in short order, as his adversaries give way and he makes his little wins. Maybe that will be the case in a few months here, time will tell.

[yasx] 19/10/2018 10:36

I have taken a tentative small long position for purposes of trading only.

[adorling] 19/10/2018 10:35

Charles - they do have an ace up their sleeves, it’s called copper and lots of it in a market when everyone wants it.

[charles clore] 19/10/2018 10:24

Shanksy - what is desperately needed now to stabilise this situation is a full and frank statement / interview with management with questions from PIs answered directly and openly. Only then can we move forward from this debacle. I have held on to half my holding and will continue to do so because I believe the future is bright (best bright copper in fact). But I won't add any more until I fully trust the directors again.

[shanklin] 19/10/2018 10:08

Was going to stay invested here on the basis of the resources in the ground. However, I really cannot reconcile continuing to hold shares here with my belief that these directors are not people I would trust to tell me the full truth about anything.

I suspect the analysis here has accurately nailed what is going on and the share price will quite probably be much higher in due course. But why would I leave my money with people who IMHO routinely ignore their obligation to keep shareholders updated in an accurate and timely manner.

[jailbird] 19/10/2018 10:04

One other thing, assumptions are being made of forecasts 2 or 3 years down the line.

We had a massive recession in 2008 and markets have boomed since.

There are also forecasts of another recession within the next 2-3 years...all things must be considered...It is not a foregone conclusion that it will be all rosy even for the commodity markets

[mount teide] 19/10/2018 10:01

Regardless as to how it has been handled/communicated - it comes down to a single question - from a long term investment perspective it serves no one if they give away much of the project upside to financiers as a result of short term market sentiment.

The US miners with much more marginal copper mine development projects that saw the finance door open and then close by becoming too expensive this year, have elected to sit on the assets and wait for improved market sentiment rather than give away too much of the upside to the financiers. This is the primary reason why there has been a waterfall drop in capital investment since the price of copper dropped below $3 in 2014.

An estimated 10%-15% of copper mines are currently loss making at $2.75 copper.

[mattjwhity] 19/10/2018 10:00

Agreed My advice to any long term share holder is delete the app until January...I'm holding all mine and seeing this through

[plasybryn] 19/10/2018 09:59

#ARS Broker updates: Target price reiteration from Liberum of 20p. Target price reiteration from Arden Partners of 24p.Just out on Twitter