Asiamet Resources Share Discussion Threads

[jackbal] 28/11/2018 18:58

Mr Roper joking aside I’ve often noticed similarities in our views on here.

We both reduced our positions on the bfs delay day and both bought stock back afterwards.

Feels like the wizard of Oz when they pulled back the curtain. Pun intended

In a way I hope we drop way below 4.25 short term so can undercut the low placing they have awarded themselves access to.

Maybe the whole Options thing was too bitter a pill and the low placing sweetened things a little.

Makes more sense than them just ignoring the fact that copper price was low and they were low on cash and didn’t think forward a few months, or even days in this case.

Maybe I’m being too cynical but numbers don’t lie, people do. (PB in a few weeks)

[highly geared] 28/11/2018 18:41

The share price has largely been driven down by world macro issues (CU price) and will be taken back up by the same. So, we should just leave the company to get on with it.
Put another way, the BFS would have been issued and finance just about done if CU had been $3.30/lb.
So, better to focus on the macro picture and what might be install for copper. A main factor is the $ and where it might be heading in terms of commodity currency pricing.
Interesting the FED chairman has just come out and said US interest rates are nearly at neutral for the US economy. Read;interest rate rises will slow. This should be good in softening the dollar and acting as a positive on commodity pricing. His statement will also support global markets which improves sentiment ergo its good for commodities.
The other main factor; trade wars. For all Trumps posturing I believe the rhetoric will abate and consensus will be reached as there is little to be gained in taking on China. The US as an export market for China will decline and Chins has big focus on the greater Asia through ‘road and belt’. If common sense is reached on trade/tariffs, commodities will recover as economic demand will be seen as resilient.
So, the upside should be a rising CU price Q1 2019. Downside, more of the same...

[pob69] 28/11/2018 17:46

Thanks for your response horneblower. I am sorry you feel that way but it is not about me. It's about emotion and making (or at the least not losing) money. At no stage in my post have I said anything negative about ARS. In fact, my last para "mentions buying when there is blood on the street" and some would suggest the blood is there.

Filter me, but I have been there....

If anyone wishes to look at the emotional side of investing, a great book is the Art of Execution by Lee Freeman-Shor. Simple and to the point and whilst it won't make you money directly it could form part of an investing toolkit?

[horneblower] 28/11/2018 17:17

pob, thank you for your kind words. I imagine you have absolutely no idea how smug and condescending you sound. I see Solg keeps failing to make new highs. If it can't get above 47p soon you may need to change your strategy.

[pob69] 28/11/2018 16:53

So sorry for shareholders here. It does hurt. I sold out a back ago. One regular poster will recall my name and what I said. That's fine and I will still lurk and may well buy back. I beleive in the copper crunch and gold as a insurance play.

I will be open and transparent and politely suggest many investors (especially here) are looking for the next Solgold. I am firmly a believer that the next SOLG is SOLG. Yes I hold but I am keen to share as much as I can.

The team have just completed a webcast this afternoon and whilst the hosts wanted to finish at 60 minutes, despite CEO Nick Mather being knackered, in particular, Nick insisted on continuing until all the questions were answered. Both TM and NM are straight up Aussies and I hope TM will be in a similar positive place in the near future.

Check my postings on that board if you are curious (and there are others who provide great research). SOLG is not just Alpala which is driving the current news flow but frankly the whole of Ecuador with 11 other major projects(noting they own more than any other explorer/developer/miner).

Good luck - I was holding SOLG at 2.3p 01/02/16 (and felt the pain - oh boy the pain - but if you beleive the story you should buy when blood is on the streets) and if things work out....

[calum] 28/11/2018 16:38

It was a good interview yesterday and did restore confidence. The main question which I was hoping to get answered was on financing so I suspect TM must have told Andrew Scott not to specifically ask him on that.

[dsqjei] 28/11/2018 16:33

At least that's the placing out the way. I've added 100k this morning before the placing and happy to wait.The interview restored confidence in Asiamet and confirmed our world class assets

[sharekitchen1974] 28/11/2018 16:32

Not really Paulo, this might give you stability for a short period of time but they have got plenty to do yet before any of the pumpers here convince me otherwise, another 60m shares in issue and plenty more to be issued yet

[europa79] 28/11/2018 16:23

Feel like I've been ARS-whipped!
Hopefully better news to come and a strengthening in share price from here.

[jailbird] 28/11/2018 16:11

Ppl are being too cynical hereIt is simple , delays into cash, it was inevitable a fund raise was coming .It was when not if.Since previous was raised at a very good price , the delay and risk is being reflected in the new price of the fund raise

[markth126] 28/11/2018 16:06

Just a thought but if bod participate in this placing would it not make sense to delay the bfs and drop the share price to get a chunk of cheap shares.

[jackbal] 28/11/2018 15:49

Fair point well made Tek.

If that happens it would restore confidence but extremely unlikely in my humble opinion.

In fact I only rate the chances of the BFS happening within 6 months at 50/50.

You just can’t hang your hat on the timeframes they suggest and they are also reliant on copper price which they have no control over.

Don’t get me wrong, this could still be another oxiabna in time but you pay your money and you make your choice

[highly geared] 28/11/2018 15:38

Long term investing is ok with a share price gently rising or in an overall upward trend (from the price you bought).
The issue becomes opportunity cost when you bought in higher and end up underwater for a considerable period hoping the share price recovers.In the meantime, other stocks move ahead....

[mr roper] 28/11/2018 15:38

Steady, Jack! You're beginning to sound like me

[tektonik] 28/11/2018 15:22

I don't blame you for feeling like that right now Jackbal, but I'm sure your opinion will change on the back of a strategic partner for Beutong being announced.

[jackbal] 28/11/2018 15:17

For the first time in around 2.5 years I now want my cash out.

I won’t panic sell as I believe that the share price will improve in next few months if copper price does too.

Just feels like a situation where a friend lets you down and things are never quite the same again.

At 8p will cash in physicals for profit. Close spread bets at a loss and move on. I’m sure some on here will be glad to see back of me so at least there’s something to look forward to!

I would need more confidence in this to be comfortable with the indo/political risk and I’ve lost too much in bod now.

8p and see you later ARS. Let’s hope I actually get the chance

[mr roper] 28/11/2018 15:15

Dorset, I don't think I need to add anything to your post. Would like to say I'm surprised but I'm not.

[waterloo01] 28/11/2018 15:13

Remarkable how often directors say one thing (no placing at this level) and actually do. The placing had been needed for sometime and the fact the price has drifted to 4.25p isn't great management and has cost investors dear. (should have been done at 6p/7p when they announced the delay)

Still done (or will be soon) but the next time a director says no placing, run.

[trickyfrogman] 28/11/2018 15:07

Feels like certain aspects of uncertainty have been cleared up with the interview and the placing so can only be a good thing imo

[dorset64] 28/11/2018 15:06

Zeusfurla, they said in October 4 - 6 months for everything, drilling, design etc, so one would naturally hope that they don't mean June 2019. This is what they said in their RNS of that day.


Mid October 2018 ....This additional infill drilling, data assessment and rework of the mine design and schedule to be completed over the next 4-6 months months.....

Mr Piggy, unfortunately I would have to agree with you on that one.

[mrpiggy] 28/11/2018 15:05

I would have to agree Dorset64, just when we are almost getting over the BFS Debacle we get another kick in the nuts by the management. He was only on about the loyal LTHs in his last interview, seem we are taken for granted.... very arrogant of him.

[dorset64] 28/11/2018 15:01

Mr Roper, I don't think they or anyone expected firstly the copper price to remain so low for this amount of time and, secondly, the Ars share price to remain this low. I am happy to give them the benefit of doubt that they thought ney hoped the share price to be far higher than today's price before doing any fund raising.

[zeusfurla] 28/11/2018 15:00

Dorset 6 months could be April. I hope H1 means March/April given that drilling will be done I recall in January. Only reason to go beyond March may be if Cu prices are still low - all the work should be done by then.

[mr roper] 28/11/2018 14:54

A placing was clearly needed two months ago and could have been done far higher. What is the CFO doing?