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ARS Asiamet Resources Limited

1.225
0.00 (0.00%)
15 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Asiamet Resources Limited LSE:ARS London Ordinary Share BM04521V1038 COM SHS USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.225 1.15 1.30 1.225 1.225 1.23 886,562 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 0 -6.93M -0.0027 -4.52 31.65M
Asiamet Resources Limited is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker ARS. The last closing price for Asiamet Resources was 1.23p. Over the last year, Asiamet Resources shares have traded in a share price range of 0.575p to 1.625p.

Asiamet Resources currently has 2,594,081,929 shares in issue. The market capitalisation of Asiamet Resources is £31.65 million. Asiamet Resources has a price to earnings ratio (PE ratio) of -4.52.

Asiamet Resources Share Discussion Threads

Showing 17651 to 17672 of 31850 messages
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DateSubjectAuthorDiscuss
26/10/2018
10:21
Good post,Dorset. Fair play to you on increasing your holding.
mr roper
26/10/2018
10:21
I am sure the permit will arrive soon.....(all irony intended )
2lb
26/10/2018
10:19
2lb, Baroi. Still don't have the permit. Best they can do is surface sampling...but we already know most of that.
mr roper
26/10/2018
10:17
I think everyone is looking to the BoD to step up and sort this mess out , to provide clarity and timescales that for once they will actually even get close to.

We can see it is about two things now, getting a partner to fund Beutong drilling and path through to BFS and take BKM forwards with expansion drilling whilst also showing in a few potentially juicy updates from the likes of Baroi.

Nobody doubting the scale and quality of the asset base, or the outlook for the copper market in general - but all the assets in the world need top class management to extract maximum value and that aspect needs a bit of work right now - the danger is it it just starts to look from there outside like TM has just employed his mates over the past year with the net impact of halving the share price.

2lb
26/10/2018
10:10
Please please, stop defending the indefensible.
They told us they were the A team and this year would be transformational.
They were in inverted commas THE EXPERTS who have been there, done it before and then took this to BFS clearly too soon.
Some Fuxking experts.
Then the EXPERTS handled the share price crash crisis with bungling incompetence and made the situation much worse.
If you are going to put yourself up as EXPERTS you put contingency plans in place..... now what was the contingency plan?errrm.
Now you all know why there was determined selling on this on every bit of news since late March.

mrpiggy
26/10/2018
10:09
Can't disagree with that,2lb. What's the twitter group saying?

Not seen the co on the Mines and Money roster yet?

mr roper
26/10/2018
10:03
No issue with the change of plan - but what exactly is it?

We need more detail and regular updates - they clearly changed it some time ago but decided not to inform us until the last minute just in case things changed - that is just poor.

I certainly expect an improved backdrop in 6 months - but if we are at 5p at that point what good will it really do....

2lb
26/10/2018
10:01
I’ve lost a lot on paper here over last couple of weeks and not happy about it but have to say my gallows humour appreciates the “perfect storm” comments that resonated with many of us.

Nobody mentioned a sh*t storm!

jackbal
26/10/2018
09:56
A lot of apportioning blame here. Bod had a plan when the copper price was strong. The price weakened - they changed the plan. In six months the price is likely to be looking increasingly strong if the deficit story plays out.

If the copper price had gone up not down everyone would still be singing the praises of the bod. Not so.

shieldbug
26/10/2018
09:56
2LB - it's obvious to me their minds are focused on other things. This is no longer a priority for them. They have lost the plot imho.

Now anyone who bought on the dip in the 5-6p range will be twitching.

charles clore
26/10/2018
09:55
CC, that's ridiculous.
All mining stocks are in effect high risk plays on their commodity price.
Asiamet's management did what they had to do in the light of the price of copper. You can complain that they delayed in letting the market know early enough but it would not have made any difference; we would simply have slumped earlier. Just watch HZM on Monday in the light of the nickel collapse.

horneblower
26/10/2018
09:52
It would be nice to know how they have spent the past 8 days since dropping the ball and creating this mess.

Reputation was a big part of the story and right now it is toast.

2lb
26/10/2018
09:51
Cc, I'm down to 20% of my original holding. In the Sipp and happy to leave for 5-10 years and see where it ends up. Wider market issues and my confidence in the bod taking a serious knock put me in cash preservation mode. I've made the mistake before of being fully invested when mkts turn so erring on the conservative side now.
mr roper
26/10/2018
09:49
In the half decade to Feb 2011 when copper hit an 11 year high some 500% up from the 2000 cycle low, a huge amount of high production cost new capacity had commenced operations, which drove the market into a strong surplus with high stock levels.

It took a 58% drop in the copper price over the next 5 years to put the market back close to balance - this resulted in the closure/mothballing of a large number of small, high production cost mines, many bankruptcies and the estimated loss of 70% of the industry's equity value.

Below $3 copper a badly beaten up, still recovering copper industry remains interested primarily in rebuilding balance sheets and rewarding hard pressed shareholders by re-introducing suspended dividends or increasing savagely cut back dividends.

The average duration of the last three copper market cycles has been 15-18 years - an investment in the sector at this stage of the latest cycle must be considered a 3-5 year investment as a minimum - this is an investment duration that probably 99%+ of the investment community outside of institutions would never consider today.

Long history has shown for the few with the patience, and nerve to accept the massive volatility of these boom and bust long term cyclical markets, there are exceptional investment returns to be made during the long recovery stage.


Risk Factors specific to Asia Met:

The longer the price of copper stays around the present level the higher the risk of a successful low ball offer for a company like Asia Met. Most of the med/large caps copper miners that post 2013 savagely cut back all exploration and materially reduced their production costs are now generating very good levels of cash at $2.75-$3.00, which increasingly will allow them to pounce on lowly valued junior explorers with high quality near surface development assets. Asia Met's equity is currently valued at just the cash Freeport and ARS sunk into exploration to prove up the assets.

mount teide
26/10/2018
09:47
Copper price drop prompts expansion rethink at top producer

"Bloomberg reports Freeport CEO Richard Adkerson told analysts on the miner’s third-quarter earnings conference call on Wednesday the gloomy outlook and uncertainty is prompting the Phoenix-based company to slow plans for large scale expansion projects despite predictions of a market deficit."

shieldbug
26/10/2018
09:44
6.00 (4) v 6.30 (3)
knokke1
26/10/2018
09:40
What a sh*tfest this has become. PR has been dreadful, as has the BODs comms. One of the main reasons for investing in ARS was "top class management" that have done this before. Hmmmmm........
pyglet
26/10/2018
09:35
Due to its qualities of conductivity and malleability there is not much in the way of substitution for mined copper except perhaps aluminium and of course, recycled copper.
horneblower
26/10/2018
09:31
assuming substitution effects aren't important. Cofffffeeeeee!
knokke1
26/10/2018
09:28
I'd never followed copper markets (familiar with other commodities though), the five year copper stocks/warehouse levels is interesting. If stock behaviour hasn't changed, then it's when not if the price goes up, however, wasn't there some sort of change with Chinese copper stock rules? Something like it could no longer be used as collateral for other deals, making it much less attractive to hold, I guess I read it somewhere, but might be a factor behind the lost 6-8 months running down of copper stocks? Which coupled with the weak or uncertain forward looking economic outlook might explain the summer price fall of spot copper. Just thinking out loud to try and get a feel for what sort of drivers might affect the price in the shortish term. Medium term, maybe I'm naïve, but I'd have thought rising demand for copper will impact (assuming substitution with other metals/product is important).
knokke1
26/10/2018
09:21
Wider markets don't look particularly clever at all. I'm sitting on the sidelines until the water is safer.
mr roper
26/10/2018
09:14
The copper price is completely out of the companies control and they should have prepared for the best possible worst case scenario that would have been acceptable to qualify the business case.

This was all about a failure in detailed planning and adequate contingency for me which of course led to poor execution of information being delivered to the market. Knowing that a preliminary study would be bypassed a long time ago, even more care and due diligence than standard for such a process should have been taken (although the numerous delays this year to the BFS suggested this was true). Perhaps they won't be jumping straight into a full BFS without first completing a preliminary study and modelling a range of different scenarios, no matter how strong the asset and previous drilling in the future.

Lesson learnt for them.

Agreed aimraider, the bod need a laser sharp focus now they've made their decision to extend BKM BFS period, on paper all for good reasons. I'd also bet that all distractions and priorities beyond the scope of Beutong partnership and BKM operations will be cleared from their diaries.

As many here have pointed out over the last week - the assets are still there, but it's the bod that will ultimately provide value to these assets through their actions; due diligence, approach (strategy) and transparency.

Remember Beutong wasn't priced in when the share price hit its highs of 14p. Potential upside here is still enormous.

tektonik
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