Asiamet Resources Share Discussion Threads

[charles clore] 19/10/2018 14:57

MT - I reckon some people sold lower and bought back higher but you won't hear those stories from them. And I reckon there will be a bit more selling at 7p by traders. Interesting to watch.

[high park] 19/10/2018 14:51

Dorset64

Your wish can be realized by a company called PrimaryBid.com which offers new shares only to existing holders, both retail and institutional. ARS will be able to dictate the distribution.

This scheme was recently used by VRS. It is also much cheaper than a conventional placing.

[mount teide] 19/10/2018 14:30

70 million plus shares traded in the last 24 hrs - some new large position owners going by the size of many trades.

[mr roper] 19/10/2018 14:18

Took a bit at 6. Will wait now for placing.

[highly geared] 19/10/2018 13:49

One hell of a day trade or long term buy if you bought sub 5.5p first thing.
An over reaction first thing and possibly yesterday and showing a good recovery now the emotion has reduced and measured thinking has come to the fore.
Management have been hit hard and they will be very motivated to get BKM across the line. Remember, Tony Manini took a £ million hit on his shares yesterday...

[tektonik] 19/10/2018 13:45

Fortunately (or unfortunately!) my holding here is significantly larger than HZM. But yes, I've noticed a lot of these figure heads for companies on AIM desperately need PR courses.

[edjge2] 19/10/2018 13:36

had a bad vibe about this when declined with good news so did not add any.n Sofa time was firsty thing this a.m., mega discount. Long term perhaps OK and may whip back as posted above. Placing scare I suppose.

[mr roper] 19/10/2018 13:33

Tek, hzm have the same definition of "shortly" as the bod here. Hoping you don't get the same can kicking.

[tektonik] 19/10/2018 13:29

I thought about slicing some of my HZM holding to top up here first thing this morning when the price was beyond silly. Then remembered they have a BFS due shortly...praying for no more lightning!

[tektonik] 19/10/2018 13:25

A very hard kick SOS, can't be having this lack of transparency anymore going forward

[mr roper] 19/10/2018 13:22

Placing at 8p? Any thoughts?

[dorset64] 19/10/2018 13:16

You got any more sofa's you don't need LM lol

tektonik, I seriously do think any buys now will be good to burn in a couple of years with a nice hefty profit.

MT, thanks, and as you say, my anger towards them and everything I wrote yesterday remains valid, but this is am investment game to try and make money and, in the end, if I was happy to hold/buy at 10p, then why would anyone not buy right now at circa 7p. The assets are there and remain, and the only thing changing is they are to increase further.

I do however believe that the BoD's owe its shareholders and thus, the company owners a 'favour' or pay back, in the up coming cash raising/placing/whatever I really feel they either need to raise the funds at prices higher than todays prices, not a discount and/or find someway to open something up to current holders of shares, the very same ones they let down yesterday.

Doubt it can be done but they need to do something imo.

[sos100] 19/10/2018 13:14

This should be a wake up call especially for TM who has bought heavily in the open market.

He said in time the company could be worth hundreds of millions if not billions of $ ,and sunk costs of these projects are worth more than present market cap (i think when we traded around 3-5p)blah blah blah...
How about trying to get to at least £100m without more balls up and stop treating the loyal private investors as mugs.

this kick up the jacksie will hopefully see us make new highs at some point next year..

[littlemadam] 19/10/2018 13:13

I'll have a look unde the bed

[ifthecapfits] 19/10/2018 13:12

Nice sofa!

[littlemadam] 19/10/2018 13:11

tektonik, dorset. It works. I just found £7k down the sofa!! Had to pay 7p

[dorset64] 19/10/2018 13:09

I thought long & hard about buying anymore after yesterdays fiasco but, in the end, the reason I first both in some 18-20 months ago still remain and in fact, are stronger today than ever before. The assets are still there although the common sense of the directors appear not to be.

Despite still being angry with them, in 12-24 months I'll be over the moon to be buying another 220,000 shares right now at a tad under 7p.

[mount teide] 19/10/2018 13:09

d64 - not letting emotion cloud a judgement is a rare and admirable trait in today's equity markets.

On the balance of probabilities, where the valuation has the potential to be in 2-3 years has probably improved if anything following yesterday's news since it has forced a change in strategy - the likely early development of Beutong as a stand alone asset with a partner(which i suspect could well be Indonesian)

[tektonik] 19/10/2018 13:03

Well in Dorset, I may see what I can find down the sofa...

[dorset64] 19/10/2018 12:52

Sod it, I'm gonna buy a chunk more.

[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