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 Shares Traded Last Trade
  -0.10 -3.85% 2.50 12,316,998 14:38:09
Bid Price Offer Price High Price Low Price Open Price
2.45 2.55 2.70 2.50 2.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -5.37 -0.75 48
Last Trade Time Trade Type Trade Size Trade Price Currency
14:59:16 O 3,487 2.5244 GBX

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Date Time Title Posts
19/4/202112:17Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG))25,833
26/3/202119:40C3Metals - Tony Manini & Steve Hughes25
22/3/202113:05Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG)) (ARS)715
01/2/202114:09Where are we going???1
25/1/202115:24Need the intra-day chart3

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Asiamet Resources Daily Update: Asiamet Resources Limited is listed in the Mining sector of the London Stock Exchange with ticker ARS. The last closing price for Asiamet Resources was 2.60p.
Asiamet Resources Limited has a 4 week average price of 2.12p and a 12 week average price of 2.03p.
The 1 year high share price is 6.70p while the 1 year low share price is currently 1.55p.
There are currently 1,936,553,101 shares in issue and the average daily traded volume is 38,710,059 shares. The market capitalisation of Asiamet Resources Limited is £48,413,827.53.
mount teide: b1904 - 'now underpins the company for 12-18 months' Past experience suggests otherwise - Manini will see today's placing firstly as a vehicle to give him another 18 months of living in the luxury lifestyle he has become accustomed to at shareholders expense while diluting them nearly 4 fold over the last 4 years. Effectively, today's share price would have been 9.0p pre the four fold dilution! Many of the items on the list announced today, were part of the BKM Value Enhancement Project announced to much fanfare 2 years ago for which scandalously, the Company's owners and market, has since to receive a single update! Two completely wasted years....the only business 'development' Manini has achieved at Asia Met has been in diluting shareholders .....for which Asia Met's clueless Board are the market leaders with daylight second. AIMHO/DYOR
dorset64: I think people need to wait for the next couple of weeks to unfold and then decide where we are then as to whether to sale or average down. No point imo of selling now when it is expected that moves are afoot in the background to try and map out the future of the company along with, I hope additions to the boardroom. The price has settled to bounce between 2.2-2.4p as this appears to be the value right now and any announcement of funds or boardroom arrivals should, I'd imagine only help the share price further. Add in the copper price and we should hopefully see movement both on the ground and in the share price too.
dorset64: At a quick glance, and at the time you were selling down your millions of shares, heres a few quality ones from you: We'll start with this one: =================================================== Mount Teide - 04 Dec 2020 - 15:31:31 - 24715 of 25655 D64 - Correcting the record - as i'm sure you would be the last person to want people to think you were misleading them. We all have our winners and losers - however, i'm one of very few on Advdn to post my holdings, new investments and when i sell out or make a material change to a holding, and so am transparent and there to be shot at. ===================================================== Mount Teide - 19 Dec 2020 - 11:57:50 - 24895 of 25655 With the Copper price at $3.60, stocks close to decade lows and deficits forecast as far as the eye can see, it should not be too difficult to find a buyer for the company at a significant premium to the current valuation. It's why US nat resource fund manager Joshua Hall over two years ago included ARS in his list of 15 global junior copper plays (along with SOLG) he had identified with assets most likely to find themselves the subject of M&A activity during the recovery phase of the new copper market cycle - and suggested buying them for that very reason, since his research had shown that very, very few juniors with such assets ever manage to get them into production usually for financial reasons....... Anyway, we are where we are and at least know at the current copper price if Manini fails to get this proposed deal over the line, there is very likely to be other much larger, cash rich suitors interested in the company's high quality, near surface assets, capable of putting many long suffering shareholders out of their misery. ======================================================= Mount Teide - 24 Dec 2020 - 10:18:56 - 24977 of 25655 ....With Copper at an 8 year high and likely to strengthen further over the next few years from the World's "Dash for Renewables" and the continued urbanisation of the high population emerging Nations and the West's post pandemic infrastructure investment - an easy double from here over the next three months looks on the cards. ========================================================= Mount Teide - 23 Dec 2020 - 12:23:21 - 24947 of 25655 Market is keen to buy our shares - can now sell 1 million plus at better than mid price ! ========================================================== Mount Teide - 23 Dec 2020 - 09:21:13 - 24942 of 25655 Big buyer around - I can sell in 1 million chunks inside the bid. ========================================================= Mount Teide - 29 Dec 2020 - 10:06:22 - 25012 of 25039 What is both interesting and perplexing is how many shareholders have less patience than the life cycle of a mayfly and are still unloading heavily at prices BELOW the level prior to the announcement of the signing of the KSK deal. ========================================================= Mount Teide - 29 Dec 2020 - 13:25:07 - 25015 of 25039 .......with the 80% surge in the price of copper since the Covid-19 low, we should not discount that a larger, deeper pocketed, better heeled suitor may still come along and put us out our misery. ========================================================== Mount Teide - 30 Dec 2020 - 12:25:13 - 25023 of 25039 On a positive note, with circa 80 million shares since traded, at least the stampede for the exit door appears to be slowing. ========================================================== Mount Teide - 31 Dec 2020 - 15:52:29 - 25038 of 25039 For transparency: ........ I have sold 75% of my holding over the last week. ========================================================== Yep, despite you openly implying the opposite and using language that may encourage people to either buy or hold on to their shares, you were secretly selling your shares for the previous 7 days. In fact, in case you forgot I'll post it again for you & your ego to see: =========================================================== Mount Teide - 31 Dec 2020 - 15:52:29 - 25038 of 25039 For transparency: ........ I have sold 75% of my holding over the last week.
newforestlad: Is the ARS share price going to notice the Copper price??
fbrj: MT - thanks for taking the time to reply. Actually, I think you have amply demonstrated what I was saying, namely that to describe CAML as a "high performing investment" only really holds true if you bought pre 2017 - without that qualification one might think it continues to be so. I obviously agree that a CAGR of nearly 19% over a 9 year period could be viewed as you describe but that assumes the investment was made in early 2012 at what was an all time low of around 60p. As I also mentioned, it is all a matter of timing (and performance comparators). Your investment in 2013 would (probably) give a CAGR of some 30% less - say 13%. Obviously it is none of my business what your "in" price was and I can't be bothered to dig out historic dividend data that far back - but a reasonable assumption might be an share price of around 120p. Now, moving forward to the beginning of 2017 (I had said that the high performing investment description only held true if an investment was made pre 2017) - so more than 4 years ago. The share price during that 1st quarter was approx 235p. The CAGR then drops to about 3%; any purchases made in the final quarter of 2017 (or above approx 265p) would give 0% (or negative) CAGR. That is what prompted my initial comment. Turning this around slightly - suppose you had been researching CAML and were impressed with all the metrics you describe. Seeing a CAGR of over 40% (at that time, early 2017) you decided to make your first investment then. Reviewing that investment today would you still describe it as "high performing" - given a CAGR for you of 3% or less?
mount teide: Opportunity Cost - Performance Update since the 24th December Asia Met 'execution' of the PTWIN-ARSLOSE deal - Execution being the operative word with respect to the ARS share price impact, after the management approved shysters at AE subsequently revealed their hand and publicly made the breathtakingly incompetent ARS management a complete laughing stock. O&G and Commodity Markets are surging off 20 year lows - Performance since 23/12/2020 + 78% - Savannah Energy + 27% - Petrotal + 25% - Touchstone Energy + 18% - Jadestone Energy - 5% - Central Asian Metals - 62% - Asia Met Resources £100k invested in SAVE and ARS on 24th December would now be worth £178k and £38k respectively, courtesy of Manini's astonishing naivety and appalling DD. To be taken for a fool and completely hoodwinked by a team of shysters masquerading as nickel and dime energy traders, after gifting the scam artists 20% of the company for peanuts, is totally unacceptable. After 10 months of exhaustive 'DD' and 'negotiation', for the the management's preferred 'deal' to quickly collapse and be revealed to an incredulous market as nothing more than a crudely crafted scam where the management approved shysters then try to use the 20% shareholding outrageously gifted to them, plus any further shares they may have bought from profits taken from possibly shorting the ARS out of the company post the announcement of the signed 'deal', may be the stuff of stock market legend to a wider market unable to comprehend the Board's staggering naivety, but its been a complete disaster for the long suffering owners of the company. Let regional newspaper Newstalk have the final word on the integrity and probity of the nickel and dime scam artists who have carried out this 'long Con' aided and abetted by the staggering naivety of the ARS Management Team - Newstalk described Sugih Energy (currently the subject of writs from a number of leading investment banks under their new name Aeturnum Energy, alleging they carried out a $89m bank fraud) as follows: "The company has a history of its management being indicted over massive corruption charges." Even Stevie Wonder and Ray Charles could have seen this scam coming down the tracks - so why couldn't the well paid fools masquerading as the ARS Board? AIMHO/DYOR
mount teide: LT - 'continued assaults on any alternative view of the company' This is the point ..... there are no alternative views other than the continued hero worship of Manini, a totally discredited CEO who has delivered nothing more than three years of empty promises, while enjoying an extremely opulent lifestyle at shareholders expense. With respect to selling down some of my holding - as previously posted, during the period from the 24th Dec, I posted mildly positive and negative views, largely because if the AE deal were likely to proceed it should have been an easy double, but, instead of the expected share price increase, the brief spike following the deal announcement was ferociously sold into. The behaviour of the L2 order book increasingly lead me to seriously question what my latest research and friend's follow up work in Indonesia were also pointing to; that like Manini, PTWIN/AE/Sugih could not be trusted. How right our gut instincts were! With respect to the nauseatingly disingenuous, illiberal left Guardian and BBC - like Horneblower they ban posters with views that fail to sufficiently hero worship their sycophantic echo chamber narrative. With entirely predictable results - the Guardian now has Britain's 17th largest circulation and the BBC is in a ratings death spiral versus Netflix, which has a budget more then 10 times larger and knows much better how to spend it - on programmes their subscription membership actually want to see and are prepared to pay for! Likewise, Horenblowers thread now appears to attract fewer posters than this thread - which begs the question has most of the posters on Horneblower's thread either migrated here, or quietly sold out and moved on with their tails between their legs after receiving yet another Manini rogering? 'Ask yourself why this helpful soul is still around?' For the same reason I still hold one share in MPL - to do everything I can to expose the management for what they are - untrustworthy charlatans, who shouldn't be anywhere near the board of a quoted company, never mind masquerading as its executive chairman! It's still yet to occur to you, D64 and many of Manini's blinkered cheerleaders that your ego's, poor research and sycophantic behaviour over the last three years has been writing investment cheques that your investment case judgement hasn't been able to cash! I have no intention of re-investing here, that cash is in a new home with management I can trust and is already very close in terms of an ARS valuation, to the highly questionable 11p valuation target of Optiva, another investment house with a long history of being a shameless Manini mouthpiece. Will finish by saying how flattering it is that this is now the default thread for thoughts/research/comments on ARS. I wonder why? AIMHO/DYOR
mount teide: Mont - your hypocrisy is breathtaking even by Advfn's legendary standards! Let's have a look at the evidence: Mont Joined Advfn in late 2017 just before the ARS 14p share price peak Since then he has made over 350 posts ALL of them on the ARS thread, shamelessly ramping/cheerleading the management/company. Who can forget one of his early classics: "Manini and Bird won't sell out for less than £2 a share!" Investment Performance Result since..... share price down by circa 80% ......... and 20% of the company given away to alleged fraudsters for 0.9p a share! And to think there was time when you actually appreciated posts from well informed/researched posters........ October 2018: "Mount Teide, Thanks for your recent posts, hugely informative. I always look forward to your observations. Cheers, Mont" I rest my case my lord!
mount teide: Ahh....after disappearing faster than morning mist following Manini's excruciatingly embarrassing 'Sale' Process Update the disingenuous management shill fronting the Advfn propaganda arm resurfaces to grace us with his market 'wisdom', presumably because the share price had taken a brief breather from it's circ 45% plunge following the announcement which predictably shocked the City and wider investment markets. Monttim.......what little remained of Manini's industry credibility is now completely shot. His handling of the monetisation of the KSK asset after stopping the hugely successful KSK exploration drilling programme in 2017 is a textbook case of breathtaking management hubris layered over complete incompetence. Ive been calling it that way for most of the last 2 years - a lone voice but one clearly in tune with the blinker free wider market. Bird correctly went a year ago after doing nothing more than delivering a 94% share price collapse and the loss of the only II of note JP Morgan; who were so desperate to get out the exit door they took a 72% haircut. Manini should now follow and immediately - his performance over the last 3 years has been abysmal. What is not speculation is the loss of JP Morgan from the shareholders register; management failure to hit a single business development timeline target in 3 years; giving 20% of the company away to alleged fraudsters for 0.9p a share; and the contemptuous management of the BKM Value Enhancement Programme....these are but a few of the sickening list of appalling management lowlights, that should have seen Manini follow Bird out the door with the shareholders collective size 11 boot up the ARS as a leaving present .....but no, he told his completely deluded followers and an incredulous market that his ARS 'work'(rogering of shareholders) was still not done. That catalogue of appalling mismanagement was then followed by taking 12 months to 'negotiate' a 'deal' with alleged fraudsters, who were subsequently unable to pony up a nickel and dime $2.5m contractural payment for a $500m IPO they want to float, where ARS's KSK asset appears to be the only significant asset supporting the valuation. It's been pure Laurel and Hardy since 2017 - with one constant theme: "yet another fine mess you've got us in!" Manini's integrity, credibility and ability to carry out "Comprehensive" DD with regard to Aeturnum Energy/Sugih Energy has been shocking. PTWIN is a shell being used to raise $500m via an IPO on the Indonesian Stock Exchange from a group of Institutional Investors based on the strength of the KSK asset, and the 'assets' of Aeturnum/Sugih Energy and the reputation of its management to deliver stock market returns the exact opposite of what were achieved at Sugih Energy, for which the CEO is currently the subject of a criminal prosecution for a $40m securities fraud which the Indonesian Prosecutor General is demanding an 18 year prison term since it was state pension funds that were allegedly defrauded! Shortly after the Indonesian stock exchange suspended Sugih Energy at an extremely low market valuation, for a failure to publish its 2018 financial statements or pay fines levied by its regulator, the company resurfaces like a Phoenix from the ashes via a name change as a shady private company based in a Caribbean tax haven - an energy trading company with no verifiable assets, that within 6 months was in receipt of writs from two International Investment Banks claiming to have been defrauded of $89m by Aeturnum'/Sugih's trading team. Its a pity that PTWIN/AE/Sugih or whatever name they're operating under has failed to pony up the $2.5m, as I suspect many along with the wider market would have liked the opportunity to run our slide rules over the document that Manini and PTWIN/AE/Sugih spent 12 months putting together at considerable cost to support the $500m PTWIN IPO valuation....if only for its potential value as high quality stand up material. AIMHO/DYOR
mount teide: AIM.....regardless of the number of days.....1 minute late and it's technically a contact breach - which has financial repercussions if its not rectified immediately. 'Since the signing of the SPA, Asiamet has continued to work closely with PT WIN to progress preparations for the IPO of PT WIN on the Indonesian Stock Exchange in early 2021. However, the initial payment of US$2.5 million that was due and payable within 10 days of signing the SPA is yet to be received by the Company. Asiamet has been seeking formal clarification from PT WIN on the proposed timing for receipt of the initial payment and late today (Melbourne AEST) received formal advice from PT WIN requesting consideration of amendments in relation to the payments schedule agreed under the SPA. Asiamet is carefully considering its position in relation to the proposed amendments and plans to formally respond to PT WIN once in a position to do so.' PTWIN's behaviour with respect to their Contractural Obligations is extremely worrying for a number of reasons, considering the management time and cost put into this deal by ARS Firstly, why did ARS management wait until well beyond the expected receipt date for the initial payment before contacting PTWIN. Secondly, why were ARS management continuing to work closely with AE when they knew AE were in technical breach of the contract. Thirdly, if PTWIN wished to amend the payment schedule, why wait until they were in technical breach of the contract; and then only request a payment schedule change AFTER receiving a request from ARS seeking clarification from PTWIN as to when they could expect payment. The behaviour of PTWIN with respect to their contractual obligations is a display of arrogance and bad faith bordering on contempt for ARS and its owners. The performance of ARS Management is very disappointing, bordering on reckless complacency, considering the amount of management time and, legal and professional fees incurred to date. Particularly, when considering the level of market unease surrounding the appropriateness of selecting AE/Sugih through PTWIN as a partner to develop the KSK asset via a $500m IPO; driven primarily by the extremely concerning management history of the two companies together with the fact that the market still does not know who owns PTWIN and, what cross relationship if any, there is between the owners and, the owners of AE/Sugih and executive management of ARS. Considering the behaviour of the management of ARS and PTWIN/AE to date, the 'deal' deserves to fail, Manini removed and an Acting CEO appointed by the Board to bring some competence and professionalism back to the office of CEO, who should be tasked with securing a sale of the company, lock stock and barrel. AIMHO/DYOR
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