Asiamet Resources Share Discussion Threads

[arab3] 16/11/2018 17:04

are you also pleased about the share price halving?

[adorling] 16/11/2018 16:56

Genuinely pleased to have got rid of so many weak holders & traders today and still finish blue; always hard to watch your share you sold cheap and in a panic rise again to new heights in a matter of months.

[mount teide] 16/11/2018 16:05

I can understand the Management being nervous as a result of delaying the BKM BFS by another 4-6 months, since it has resulted in a sell-off that has pushed the market cap down to circa £45m.

The management know very well that at this stage of the copper market cycle to have assets worthy of inclusion in a copper market index of 15 global juniors most likely to be of acquisitive interest to mid and large cap miners - the management may well find the company is soon the subject of opportunistic interest that could prove difficult to fight off.

[riotinted_specs] 16/11/2018 15:46

Topped up first thing at 5p. I thought I was bottom fishing when I bought this at 6.3p.....downsize averaging seems to be the story of my life.

[mount teide] 16/11/2018 10:43

China Is Leading the World to an Electric Car Future - Bloomberg

'New emission rules will force global carmakers to redraw their road maps.'

The world’s biggest market for electric vehicles wants to get even bigger, so it’s giving automakers what amounts to an ultimatum. Starting in January, all major manufacturers operating in China — from global giants Toyota Motor and General Motors to domestic players BYD and BAIC Motor — have to meet minimum requirements there for producing new-energy vehicles, or NEVs (plug-in hybrids, pure-battery electrics, and fuel-cell autos). A complex government equation requires that a sizeable portion of their production or imports must be green in 2019, with escalating goals thereafter.

The regime resembles the cap-and-trade systems being deployed worldwide for carbon emissions: Carmakers that don’t meet the quota themselves can purchase credits from rivals that exceed it. But if they can’t buy enough credits, they face government fines or, in a worst-case scenario, having their assembly lines shut down.

“The pressure is mounting,” says Yunshi Wang, director of the China Center for Energy and Transportation at the University of California at Davis. “This could be a model for other countries; it could be a game changer globally.”

The message coming from the world’s largest emitter of greenhouse gases is clear: Even as President Trump withdraws support for alternative fuels, attempts to gut mileage requirements, and begins the process of pulling out of the Paris Agreement on climate change, China is dead serious about leading the way to an electrified future. That would help it reduce a dependence on imported oil and blow away the smog choking its cities. It would also help domestic automakers gain more expertise in a car manufacturing segment that’s burgeoning globally.

Given the size of the Chinese market, the largest for cars overall and for EVs, auto companies will have to rapidly accelerate their development and manufacturing efforts to meet the targets. By 2025, China’s leaders want 7 million cars sold every year, or about 20 percent of the total, to be plug-in hybrids or battery-powered. “This is probably the single most important piece of EV legislation in the world,”

The world’s largest automaker is certainly taking notice. Volkswagen AG, which sold just under 40 percent of its vehicles in China last year, says it will introduce about 40 locally produced NEV models in China within the next decade. “Volkswagen Group China will meet the government’s targets,” the company said in a statement.

The formula for doing so is algebraic, and the 10 percent credit target in the first year won’t necessarily equate to 10 percent of cars sold. For example, a pure-electric vehicle with a range topping 300 kilometers (186 miles) will generate more credits than one with lesser performance or than a gasoline-electric hybrid. The rules apply to all companies that manufacture or import more than 30,000 cars annually. The floor rises to 12 percent in 2020, then keeps increasing in line with the government’s ultimate plan to eliminate fossil fuel vehicles by a still-unspecified date.

BMW AG, which sells more cars in China than anywhere else, makes two plug-in hybrids there and plans to produce two pure-electric cars, including the iX3 SUV, starting in 2020. Yet some companies will struggle to reach the goals under their own steam. “Carmakers are both technically and commercially not ready for a ramp-up in EV production to the level of the quotas,” says Sophie Shen, an automotive analyst at PwC in Shanghai.

So they’re turning to a wide range of solutions to avoid falling short. Ford Motor Co., which lost $378 million in China in the third quarter, is teaming up with Zotye Automobile Co., a minor domestic player, to jointly produce cars eligible for the credits, Asia-Pacific President Peter Fleet said in October. Ford will introduce at least 15 hybrids and EVs in China by 2025. Vehicles sold through the Zotye partnership will have a new brand name.

Some rivals, however, are putting their names on the same generic car. Toyota, Fiat Chrysler Automobiles, Honda Motor, and Mitsubishi Motors all plan to sell the same electric SUV, developed by Guangzhou Automobile Group, to Chinese drivers. Other than brand-specific pricing and specifications, the models will be largely identical. That’s not ideal in an industry that prizes distinctive marketing, but it’s a necessary compromise until the companies develop their own technologies.

While carmakers have plenty of regulatory reasons to flood Chinese showrooms with EVs, it’s not clear that consumers will want them. Electric cars remain considerably more expensive than their gasoline counterparts everywhere; in China, where gasoline cars such as Chongqing Changan Automobile Co.’s Benben Mini model sell for as little as 29,900 yuan ($4,300), the difference can be especially pronounced.
For now, government subsidies for EVs cover much of that gap, running to as much as $7,900 for an all-electric vehicle with a range longer than 400km. That can offset almost one-third of the sticker price of a BYD e5 electric car.

The incentives, though, are being phased out and will disappear in 2021. That could mean a risky several years for automakers, since battery costs aren’t expected to be truly price-competitive with internal combustion engines until 2024 to 2028, depending on a vehicle’s type and the region of the globe where it’s sold, according to BNEF.

Still, the government has other levers should demand fall short. Several of the largest cities, including Beijing, Shanghai, and Shenzhen, limit the number of cars on their roads by restricting the issuance of new license plates. In those metropolises, simply acquiring the right to purchase a car can be pricey. A plate for a traditional gas guzzler costs as much as $14,000 in Shanghai. But if a consumer decides on an EV instead, it’s free.
BNEF already expects 2.5 million passenger EVs to be sold in China in 2022. But if similar restrictions take off in other cities, particularly the rapidly growing industrial hubs of the interior, EV growth could be even more dramatic.

For the moment, domestic models will mostly remain confined to the Chinese market. “Right now a lot of the cars selling in China have zero brand value outside of China,” says Janet Lewis, the head of industrials and transportation research for Asia at investment bank Macquarie Capital. But the EVs that are successful in the early-adopting mainland market may eventually help China develop the manufacturing and branding expertise it will need to export more vehicles to other countries, experts say.

China undoubtedly will tweak its credit-and-subsidy regime as it seeks to encourage an electric-first domestic auto industry. The minimum thresholds of the cap-and-trade system for 2021 and beyond haven’t been laid out, though they’ll have to rise rapidly to meet government sales targets for NEVs.

It’s a direction of travel that couldn’t be more different from that of the Trump administration. But for global carmakers, it’s increasingly clear that policymakers in Beijing, not Washington, are in the driver’s seat.

[mount teide] 16/11/2018 10:27

Chile’s state copper agency Cochilco trimmed its average copper price prediction for 2018 by $0.03 to $2.97 per pound yesterday - citing US-China trade tensions.

Cochilco also lowered its 2019 price projection to $3.05 per pound from the $3.10 it predicted in July.

Since the Q1/2016 cooper market lows Cochilco's average price forecasts have consistently underestimated the actual average pricing of the metal.

[tektonik] 16/11/2018 10:24

Potential upside multiples of 20p* provided your investment horizon is in format = years. The way I view it now is that I haven't got much else to lose here.

1) We have 30+ targets in KSK district, the majority which have had minimal surface exploration, remain open at depth and in multiple directions. For the ones that have done some exploration on, we've hit abnormally high grades - think Baroi, Silver Mountain etc.
2) Beutong resource not very well defined currently but c.6x the size of BKM - still open in multiple directions and at depth. Could very well be significantly more to come from this deposit (with some help from a major). - Remember that 100m step out hole, drilled to a modest depth that hit those amazing grades? TM also convinced of an untapped magnetic core sat underneath of all of this.
3) Linkage between BKM and BKZ looking possible with another high grade magnetic core below. Even if this core doesn't exist and the two don't link, I bet mineralisation will still be very close to an uninterrupted linkage between the two
4) BKZ is another company maker on its own right
5) BFS to confirm #3 and better our knowledge on #4. Indicated and Measured reserves to increase by at least 25%, provided the drilling programme is a success (no data or communication at all to believe this won't be)

When you consider the proximity of some of the KSK projects I'm not surprised that the guys have struggled to find suitable co-ordinates for the plant and other construction related elements. There's just a shxt load of mineralisation.

I'll conclude though by saying the assets have never been in question, more the strategy to bring all of this to fruition, lots of moving parts and projects - must be very difficult for even the most experienced BOD. Happy to sit here for the next few years and see what happens.

[sos100] 16/11/2018 10:13

tekonik-as daft as it sounds i wouldn't go assuming that all the people posting here are actually holding this longer term..

[jackbal] 16/11/2018 09:55

Tek, glad I’m not the only one who views things that way.

Potential downside 5p / potential upside 20p plus is my simplistic view.

[goldrush] 16/11/2018 09:53

None on offer at 5.10 now

[goldrush] 16/11/2018 09:49

That’s more like it.....2 x 250k buys in the last 30 mins....

[tektonik] 16/11/2018 09:29

Agreed completely Jackbal, I'd be as comfortable as it could be to see my whole investment here wiped out. However, selling out now and watching the share price quadruple would make me sick. Made the mistake before on PRSM when it had a 38% retrace and went on to double from that point - when I was in before the market even knew what RPA was.

[zho] 16/11/2018 09:29

ifthecapfit,

Many thanks.

[ifthecapfits] 16/11/2018 09:27

ZHO - yes.

[aim0raider] 16/11/2018 09:23

It's been a nasty sequence of events, but things will turn.

There's a multitude of price shifting news items that could drop any moment.

"As such Asiamet is evaluating various options including partnering to test this deeper potential and more rapidly progress the development of Beutong in the near term."

The permit on Baroi opens up the potential of yet another stand alone asset.

[jackbal] 16/11/2018 08:40

SOS-Stupid as it sounds I would be much more gutted/annoyed with myself if I sell and this recovers than if I hold and it gets worse.

[kjawoogie] 16/11/2018 08:39

https://www.bloomberg.com/news/articles/2018-11-15/europe-doing-deals-in-asia-as-trump-s-war-on-trade-takes-a-toll

[knobbly] 16/11/2018 08:37

Take care.
Ayesha has a history of fabricating conversations with the 'board' on other BB's / Companies.

[ifthecapfits] 16/11/2018 08:37

Interesting if true and probably not surprising. Where have you heard that from?

[ayesha4] 16/11/2018 08:31

ZhoSome Chinese big boys and a rather large Indonesian big boy are circling.

[ifthecapfits] 16/11/2018 08:27

Due diligence.