Asiamet Resources Share Discussion Threads

[mr roper] 28/11/2018 06:48

Adorling, my point is...it’s time to deliver. I’ve heard the Solgold comparisons for a while now, the difference BHP and Newcrest are already involved. We’re still waiting here. Beutong cannot be progressed without a partner so it’s not really about the price TM accepts, more about the prize below 700m and the only way to access it...
Ps I still have 40% of my original holding and have recently added below 5p, I recollect being shouted down a few weeks back when I had the temerity to suggest the share price might end up there...

[okidokicoki] 28/11/2018 02:08

Been here a few years now and starting to see the snakes . Gl all DYOR

[monttim] 27/11/2018 23:40

Hi MR R , actually I definitely do not think Tony will give anything away too cheaply in any partnership buy in , whatever you like to call it. He might look a softy but he is tough as nails. We don’t have the cash just now but we do have the chocolates and any data room visitor knows it. Nor do I think there will be a huge capital raising. Tony didn’t even hint at a capital raising but he did more alluding to a partnership deal, with a hint smile on his face. Go back and check the interview, it’s interesting. Remember he has over 30 million shares and he wants a super charged return for him and Mrs M as badly as we want it. The profits will be spitting out sooner than we think, particularly sooner than the doomsday crew are down ramping. Good luck with your holding

[adorling] 27/11/2018 23:13

Mr R. “We can’t afford to do anything with it and any partner knows it.”

Can’t agree with you on that comment. We own 80% of Beutong and the big boys will definitely want to do something with it and pay a fair price for it when the real physical copper deficit begins to bite hard.

TM does not do fire sales for any asset he has owned (only bought them off others!). I know you sold down significantly or maybe you are out but I think all things considered there is a lot of wealth creation coming. It is just a matter of personal timetables as to when we each need the money?

[mr roper] 27/11/2018 22:21

Montiim, I’m still a firm believer a fundraising will come sooner rather than later.

It’s cheap, the sad thing is there really wasn’t much new in the interview. TM needs to start closing deals, especially for Beutong. We can’t afford to do anything with it and any partner knows it.

I’m feeling like it’s deja vu ..what odds a 4.3p placing and jpm loading up again...

[monttim] 27/11/2018 22:16

It’s a time of great opportunity MR R to add any positions if you like the story.
Great interview eh.

[mr roper] 27/11/2018 21:18

Excellent interview. TM is a class act.

“In times of weakness our institutions will be adding to their positions “

I’d have thought this was a time of weakness....

[horneblower] 27/11/2018 20:39

Yup, Solgold is great but we have similar, only 500 meters shallower!

[aim0raider] 27/11/2018 20:26

This was the interview we needed at this stage. Having watched that, I'm feeling very comfortable. Nice to hear TM confirm there has been a lot of interest for both BKM and Beutong, with follow ups planned short term. I can see a lot of regretful sellers twitching after that. Anything could happen, anytime with regards to Beutong and Baroi. BKM just looks like a case of derisking further with the redesigned pit and additional resource built in. If they tweak capex further, even better. Interesting comparison between Beutong and Sol G as well. We've hit copper from surface down to 500m, which is where their deposit starts!

[buildit1] 27/11/2018 20:25

I met with Tony and Peter today. Was great to speak to them in person. What was clear is how hard they are working to deliver for shareholders. Tony sums it up brilliantly in his interview. The value proposition here is ridiculously compelling. We all have our numbers but it is clear that the resource has tangible value way above the current mkt cap of $51m given recent transactions. The resource already proven on BKM and Beutong is c$420m NOW in my view. So much more to add to that with further drilling which partnership deals will facilitate. Beutong open in all directions. Mineralistaion everywhere around BKM to add to resource in time. Baroi a 4th resource to come in time. The company can do nothing about cu price near term but can do everything to get the company progressed as far as possible in as shareholder friendly a way as possible to enjoy significant leverage when the inevitable copper price squeeze does manifest itself. Very happy holder and will add more in my SIPP as funds have just come available.

[horneblower] 27/11/2018 20:14

Re fundraising, I feel that the board reckon they have cash until around April so they will either have to have done a deal of some sort on BKM/Z or possibly Beutong by then or they will have to tap the market once more for funds and the price will depend purely on the copper price.
Exciting times!

[horneblower] 27/11/2018 20:08

I have put the TM interview at Mines and Money into the header. Was there another vid worth putting up?

[drummond53] 27/11/2018 19:57

Thanks for all the positive feedback. Very much appreciated.

[mr roper] 27/11/2018 19:57

No mention of a fundraising? Usually when they come to town it ties in with a funding.

Still not convinced they'll wait to next year to raise and I've heard all the stuff about partners before. Time to start delivering. Pretty clear only deep pockets can do anything at beutong.

[monttim] 27/11/2018 19:43

Kjawoogie, Thanks for your great report. So many compelling things in there.
Cheers.

[monttim] 27/11/2018 19:35

Great interview,

Some compelling Big Bang things jumped out.

Focus on LONG TERM, compelling features of the holes and geology of BKZ and BKM, Data room open and busy with potential partnership deals, Beutong the monster, brilliant position regarding infrastructure, mention of BHP and NEWCREST, mention of SOLGOLD, partnership opportunities but always with stakeholders the priority, his own aligned 30 million plus shares, BAROI opportunities. Nothing has changed with the assets. Copper squeeze will come next year.
All compelling things to make me consider building my position.

[kjawoogie] 27/11/2018 19:29

That's a great interview and hopefully backs up and adds colour to my post. TM is building a business Indonesian and Chinese as mentioned here before. BKZ link, other targets, Beutong deeper targets once a partner comes in oh and he had a nice reaction to Baroi!

[monttim] 27/11/2018 19:28

Unfortunately the crew who continue to predict this pence or that pence target probably don’t even know the market cap of the company, They love talking of falling knives, issue of new shares ( never been mentioned by the company ) and other totally incorrect facts.

[arhaych] 27/11/2018 19:18

Great interview, thanks for sharing. Plenty of options on the table at both BKM and Beutong.

It's been a dark few months but hopefully Q1 next year will see this accelerate back to where it belongs.

[adorling] 27/11/2018 19:11

Great interview TM. All those who fled the ARS club in the past 3 months might just be kicking themselves soon and might want to think again about taking a new position once more?

Listen to the interview a few times as TM re-iterates that it is very much business as usual and he intends to maximise shareholder value (albeit acknowledging recent pullbacks, BFS delay, copper price and market trade wars etc...). A $billion copper, zinc and gold miner is still in the making.

[calum] 27/11/2018 18:50

Yes I'd like to 2nd that. Thanks for posting the link guys.

Great interview. Did anyone else notice the smile on Tony's face when talking about Beutong partners? Hopefully we get some news soon. Alot of my questions answered I think. Would of liked to ask about current finances but I get the impression that he is not that concerned about being able to raise the money needed for this stage.

So I guess the real driver in the share price will be who partners up for Beutong and what we have to give for that.

[zeusfurla] 27/11/2018 18:34

zho and SOS100 Thanks for posting really informative interview with TM in which I think he answered most of the questions out there and filled in a few gaps for me. Still holding firm despite dip in share price

[sos100] 27/11/2018 17:46

TM at mines and money- this is a really good interview(he needs to do more imo).

edit-zho i've just seen your post -you beat me to it!