Asiamet Resources Share Discussion Threads

[tektonik] 26/11/2018 12:11

Fully agree HG. The last few months has provided valuable learning for me as an investor. Still though, I've held all of my original shares purchased here for c. 4.5p and added during the journey on the way up to 14p at 9.9 and back down to around 7p. For now though I see this going lower like most of my portfolio has done in the last month - all of the charts look grim, but actually none of the companies fundamentals have changed. Fortunately for me, and I appreciate that not every share holder is long term, but I'm in no rush to sell and equally now in no rush to add at these levels. I may be more inclined to do so following some excellent news releases from the company in the lead up to the BFS being published.

The paralysis of analysis on the current share price isn't health so I tend to not look at it very often. Just need to be patient here now as no company fundamentals have changed at all. For those that have been invested here since we last saw these levels - cast your memories back to Q2/3 2016 before JP Morgan were onboard and just think about what has been achieved since then - incredible really. If the price was 15p or even 20p now I feel many here would more likely add than at these levels - completely counter-intuitive. My trust is still in this BOD to deliver on the factors within their control and to not repeat avoidable mistakes, copper as a fundamental commodity in the direction that the world is changing and the asset potential of this company. Once the copper price recovers, which will be soon in my view, this period will just be a gap on the chart.

[riotinted_specs] 26/11/2018 11:54

Cupid, mining companies are always set back when it comes to timelines. It's without EXCEPTION and is the norm. I know it's frustrating and it's your first investment but your whinging will only have an adverse effect on your holdings. This is one of the largest and highest quality assets on planet earth.... just breathe and wait. Your patience will reap unparalleled rewards.

[highly geared] 26/11/2018 11:39

This has become a game of patience, nerve and being philosophical about how much you thought your money would be worth now.
Whilst I’m supportive of the big cycle theories that MT posts regularly, things are a little different this time in terms of c. $20 trillion QE ( or whatever the number is) that’s been issued by central banks post the 2008-9 crash. It means that the normal economic cycles haven’t been allowed to play out thus to some extent we are in uncharted territory.
To counter this, the world population continues to urbanise ad projections for world copper demand growth + the EV revolution should underpin a long term investment.
Personally, I think there no rush to add here until such point BKM is proved viable in H2 2019 by confirming finance or the copper price recovers sustainably to provide confidence in being financed.
Of course we will get sentiment extremes so if you believe the long term macro picture for copper , there will be opportunity to grab a bargain.

[the deacon] 26/11/2018 11:32

Yes I think so.

[aim0raider] 26/11/2018 11:27

Outlook for Cu is probably looking a lot better than nickel, yes?

[tomcorvid] 26/11/2018 11:11

I don’t find the comparison with HZM reasonable right now. Their BFS came in below expectations - ARS are expecting to come in better than the PEA esp in regards to mine life and perhaps recoveries too. If that turns out not to be the case then the comparison is valid. Agree that commodity price will be make or break for both.

If we are waiting for higher Cu prices to secure funding then we are at risk of delays into H2 whist we wait for shortages to start biting.

[the deacon] 26/11/2018 10:13

HZM slide towards £20m market cap shows just how much further this could go. Both completely dependent on the upturn of nickel and copper respectively, and at similar development stage

[calabrian] 26/11/2018 10:04

If they were so smart why have they made RECENT mistakes? CS42 your posts make me chuckle. Honesty in otherwise a board full of people very much in denial. Cheers.

[monttim] 26/11/2018 09:35

Recent BOD mistakes will not be replicated. Their experience past and present clearly tells me they are doing everything by the book to restore shareholder value above and beyond the past.

[glasgowkeith] 26/11/2018 09:27

Charles, you contradict yourself --yourr last post--n"o more ofmy money isgoing into this. The bod has let us down badly over the bfs and now it is just a case of sitting it out and waiting. All the glitter has gone."

[mr roper] 26/11/2018 09:23

Suspect quite a few will start adding down here

[charles clore] 26/11/2018 09:07

Was thinking of adding but considering the weakness will wait and see how low it goes

[zho] 26/11/2018 08:36

Yes, this week but "Presidents Trump and Xi will meet in Buenos Aires this week, but it seems neither China nor the US is in conciliatory mood" (Guardian)

[snickerdog] 26/11/2018 08:32

Simon, is not down today, is flat (without wishing to tempt fate!). Interesting that this week has two big potential catalysts - first meet shareholders at the M&M show and the do we not have G20 trade talks at end of week?

[snickerdog] 26/11/2018 08:28

As per their latest presentation all still holding, sure whoever is going to M&M this week can ask

[monttim] 26/11/2018 08:26

Mr P , Excellent summary. Too much staring at the share price hour by hour is the perfect way of losing the understanding of the fundamentals of the company. Tough time for everyone but the turn in the share price will come. Nice synopsis.

[simoore89] 26/11/2018 07:36

This continues to fall... are the ii still on the share register

[cupidstunt42] 24/11/2018 21:53

Thanks for the reassurance Mr P.I thought I was a patient person until my fund went negative, and it started so well!

[buildit1] 24/11/2018 21:48

Well said Mr P.

[mrpiggy] 24/11/2018 20:26

Asiamet has always been my Achilles heel, try not to despair too much Cupid because there are plenty of us who are hurting and badly.
I bought my 1st tranche of Asiamet approx 2yrs ago at around 5p, the following days they fell back to 4.4ish and I was under water for months.
It has always followed the same pattern with me.... I always seem to buy at the top and then they crash.
My pension ISA average is around 12p , my cash ISA around 10p.
I have made it clear to the board I felt about Asiamets mismanagement of the BFS delay but what the hell, we ALL make mistakes in business and I would like to think it will NEVER be repeated.
My faith in our managements ability to turn ARS from explorer to a multi billion dollar copper mining company however has NEVER wavered.
I remember my investment in Solgold turning from a 12p per share investment to just over a penny despite fab drill results and once Newcrest came on board it turned around as it will with Asiamet.
If the asset is there and you have top management with a proven track record then eventually it will come good.
I’m of the belief that Beutong may equal Cascabel in size but will be much higher grade and near surface.
Have faith and most of all patience and you will be rewarded Cupid.
Same with HZM.... it will come good so don’t despair.
Regards,the tenacious Piggy.

[aim0raider] 24/11/2018 12:37

Copper stocks downtrend. https://twitter.com/commoditiesg/status/1065996326888980481?s=21

[lauders] 24/11/2018 03:51

Well I added to my ARS, TXP and AMER holdings yesterday. If the mines to market event goes well next week it would be nice to think we have reached the bottom or somewhere very close. I never thought I would be able to buy under 5p here a few months ago and now I managed to find some cash took advantage of the drop. As a long term hold this should be a rewarding investment, you just never know what is lurking around the corner in the way of positive news (alliance or drilling news before the event next week?) or negative news (discounted placing?) in the short term or taking into account a longer time-frame. You take your chances when they arise and hope it all pays off in the end.

[mount teide] 23/11/2018 23:13

Should the management have needed a placing to complete the 20 or so infill drills at BKM they would have announced it when they announced the 4-6 month deferral of the BFS.

They were fully funded for this year's operations programme and I understand the 2018 drilling programme for both Beutong and KSM has come in under budget.

Since the BKM drilling during the next 2-3 months will be carried out using in-house rigs, it would therefore be surprising if a further fundraising were required before Feb/March at the earliest.

ARS in common with much of the copper sector attracted a lot of hot money earlier in the year when copper hit $3.30 - much of that has since departed as the market experienced its first correction since the Q1/2016 recession low. The junior copper sector after a very strong run from mid 2016 through to Q1/2018 has since corrected by 40%-50% - an over-reaction? Quite possibly, as the copper price is still up close to 50% from the Q1/2016 low - while ARS is up close to 500%.

As to a partnership deal to fast track the development of the assets - i would suggest the optimum time to actively pursue deals is during a rising not correcting copper price environment, particularly one drive by US/China trade tensions.

However, with a deal now looking increasingly possible according to recent Trump tweets, H1/2019 could well see the copper price back in the $3.00 - $3.30 range - if so, its's likely 2019 will see a rapid escalation in M&A and partnership type deals.