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
  0.20 5.88% 3.60 17,730,685 16:21:22
Bid Price Offer Price High Price Low Price Open Price
3.50 3.70 3.60 3.175 3.375
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -5.37 -0.75 53
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:31 O 570,200 3.60 GBX

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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 3.40p.
Asiamet Resources Limited has a 4 week average price of 2.98p and a 12 week average price of 2.98p.
The 1 year high share price is 6.70p while the 1 year low share price is currently 0.85p.
There are currently 1,479,114,353 shares in issue and the average daily traded volume is 42,673,694 shares. The market capitalisation of Asiamet Resources Limited is £53,248,116.71.
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
mount teide: 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 presiding over a 94% share price drop 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. The loss of JP Morgan; total collapse in s/p; failure to hit a single business development target timeline 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 are but a few of the sickening list of management lowlights, that should have seen him follow Bird out the door with the shareholders collective size 11 boot up the ARS as a leaving present .....but no, he told them his ARS 'work'(rogering of shareholders) was still not done. Incredulously, that catalogue of appalling mismanagement was followed by taking 12 months to 'negotiate' a 'deal' with fraudsters, who were subsequently unable to pony up a $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 $500m valuation. It been pure Laurel and Hardy since 2017 - with one constant theme: "yet another fine mess you've got us in!" Where is Owen Hegarty when you need him!
rougepierre: I'm a very committed copper/gold/silver investor (holding SOLG, HOC, CEY, EQX, PAAS, GPM, ADT1) I was formally invested here and frankly got bored waiting for something to happen... Big mistake... But like the rest of the world I'm constantly looking for prospective Tier 1 assets and... Then I saw the sharp fall here...I've done the research and, as a result, bought back almost 500k at 3.0875... The share price may fall further, but I invest for the long term, so... ARS is not going bust... Re BKM, either PT WIN will come through, in which case surely the share price will revert to at least 6p again, or they won't... In which case the share price may slip further, but surely somebody like the Chinese would buy BKM, but anyhow... We still have Beutong, which surely is a Tier 1 asset and its going nowhere... I've been in SOLG a long time and made a lot of money but, its a waiting game there also... The world is going to need huge amounts of copper... Gold and silver are going to fly... There are very few new major copper/gold/silver assets available and... The major miners have a depleting mining resource, e.g. only an average of 9 years gold left to mine... So in conclusion, I'm not ramping this...why bother...something will happen and I'm glad to be back... If it falls further, I may add... Thanks for reading and GLA
mount teide: Horneblower.......I do not have the slightest intention of posting again on your ARS thread. Moderating/Banning people is what illiberal left authoritarian online publications like the nauseatingly arrogant, narrow minded and highly condescending Guardian does to posters whose views fail to sufficiently worship its woke echo chamber of largely clueless, poorly researched, blinkered zealots that routinely infest its comments section. Sensible publications allow the user to use the filter button, should they wish to not read any particular posters comments. It's a mature, progressive system that treats everyone like grown ups and allows the individual to personally decide who's research/views they wish to read. I have filtered barely a handful of posters in over a decade on Advfn - on the companies I'm invested in or have on my watch list I read everything posted, positive or negative, in an effort to increase my knowledge to enable me to continually evaluate the strengths and weaknesses of the investment case. Two friends and I after making many mistakes by 'investing' in sectors and businesses we mostly little understood, found that by very selective stockpicking in industries we know and understand and, placing a very high investment case weighting on the previous track record of the senior management, our investment returns increased dramatically. Particularly when we increasingly combined this approach with very in-depth and continuous ongoing research to become 'experts' in how the businesses we're invested in are managed. Most spectacular in this connection has been our investments in O&G E&P Touchstone Exploration .....where after talks with the outstanding CEO immediately following the London IPO we assessed the risk/return for a major investment as exceptional and almost unique in the sector ...since, TXP was a junior that would be funding its initial wells on an exploration block containing world class, low cost to drill and develop prospects from existing cash flow; thereby giving the investment excellent downside protection but with 10 to 50 bagger upside potential, as the company had seen its share price collapse from over 100p to 7.5p during the brutal oil price collapse of 2014-16. Some three years later, acutely conscious we've had some outrageous good fortune at TXP, our very large post IPO investments in TXP are already well over £3m up and, require only a very achievable share price of circa £4.30 over the next few years as the management monetise the stunning discoveries to date, to take our capital gain into £8figures. In 2017 after spectacular results on the KSK asset with the drill bit I had high expectations my speculative investment in ARS would probably outperform the TXP investment over the next three wrong I was, proving at the junior end of the mining and O&G sector, lady luck has just as an important role to play as excellent management and exhaustive research. Good luck to those who continue to believe in Manini and the ARS story like us with the TXP Ortoire exploration block, I think you'll need it! AIMHO/DYOR
mount teide: 'Ars are not building it PT Win' Yes, using ARS's design plan and with ARS holding the overwhelming majority of the KSK asset's value in PTWIN's shares. What if PTWIN/Aeturnum are no more successful at building a copper mine and heap leach production plant than running E&P O&G assets.......and the share price follows the same path. ARS shareholders will be left with £50m max....which would please Manini as it will continue to keep him in the lifestyle to which he has become accustomed over the last 6 years at shareholders expense but, for ARS shareholders it might see the ARS market value at no more than it is today with the KSK asset gone. Have never shorted a share in my life.....and this is coming from someone who would have made a fortune shorting MPL.......I know two people who - after explaining to them how MPL was a circa £150m+ fraud - made serious money doing so. One described it as like going into a casino knowing you can't lose. There has been a lot of PI's over the years who tried to catch the MPL falling knife but to their horror found the management had welded it to a 2 tonne anvil! Ps: If I shorted would have opened a short at 5.6p where I sold my last 25% not AFTER it has fallen 40%!
highly geared: If you look dispassionately at the last 2-3 years, the “saga” of ARS all boils down to the fundamental failure of BKM. Go back to the original PEA numbers, then reflect on the regular bullish drilling updates... what happened was , as the BFS was pulled together, it became apparent to Bird and Manini, via data from the consultants, that BKM was uneconomic. As an exercise in moving it up the value curve ,it was an unmitigated disaster. After trying to blag it and delay its publication, they then had to go drill more holes to try and make it economically viable. 6 months later we got a BFS that was a shadow of the PEA , delivering a paltry 19% IRR. The copper price at the time didn’t help. Manini has managed to hopefully rescue a modicum of credibility although the bigger picture of share price renaissance is the copper price. I’m philosophical in saying that after holding 4 years I sold 70% of my holding 5 months ago and took a £40k haircut. I based my decision on the above and the fact I felt I might be able to recover my losses elsewhere ( JLP is helping). I get the BB contributors feelings on MT, he polarises opinions, his demeanour can be provocative but the basis of his views are worth considering. I kept my 30% in the vain hope an elevated copper price would ‘ raise all boats ‘. It has here for the moment and I hope all here make money. All the best.
mount teide: Commodity Equities / Margin of Safety - 2020, The once in a 100 year Commodity Sector Entry point! hTTps:// 'A colleague, Lucas White, put out another interesting paper on one of the biggest opportunities they see in the market right now – the commodity sector. More specifically, the equities of commodity producers. So what’s the story? The great thing about commodities is that they may be one of the most cyclical markets on the planet, which means they follow predictable patterns. That doesn’t mean they are easy to time (no market is), but it can often be quite obvious when the participants are either overly gloomy or over-excited. Why the cyclicality? I’ve run through this before, but here’s what happens. Commodity producers dig stuff up and sell it. If there isn’t enough stuff, the price goes up. The producers get excited and try to find more so they can sell more. As the producers dig more stuff up, more supply hits the market, and the price goes down. When the price is at rock bottom, half of the producers have gone bust and the rest are too scared to do anything more than dig away at the little holes they’ve already dug. Supply goes down. Prices go up. It takes ages for the scarred producers to react. Prices keep going up. Producers get a glimmer of hope and start exploring again. And thus the cycle begins anew. And most of the time, the clues are in the price. Resources shares haven’t been this cheap in nearly a century Now, among other things, we’ve just seen most commodities fall to where they were at their last major lows – near the start of 2016, which was also a great buying opportunity – and the price of oil collapse to the point where one benchmark actually turned negative. So where are we now? GMO points out that resources stocks tend to trade at a discount to the wider market (judging by the US S&P 500 index) anyway (an average discount of about 28%). So we shouldn’t be fooled into thinking these stocks are cheap just because they look cheap relative to the rest of the market – they usually are. However, by the end of the first quarter of 2020, the discount had widened to “almost 80%” – very cheap indeed. In fact, it hasn’t been seen before, with nearly a century’s worth of data to draw on. In the long run we may have all of our energy needs produced by solar power and all our construction needs produced by solar-powered nano bots converting worthless raw matter into anything they want. But not in the next decade. So pricing the sector for near extinction seems drastic, even for a forward-looking market. As GMO puts it: “the global economy couldn’t function without extractive industries. Furthermore, the world can’t transition from fossil fuels to clean energy without the materials that clean energy relies upon”. What makes these stocks attractive now? Well, we’ve been in a bear market. So producers have grown miserly in terms of their spending. A combination of capital discipline and improving prices for their products would be very good news for share prices. But even if commodity prices don’t rise, the sector looks cheap. As the GMO team says: “resource companies have had a rough go of it in recent years, but at these valuations, investors have a large margin of safety even with very conservative assumptions… we believe this will likely end up being an excellent entry point for long-term investors.” Now that was a month ago, and prices have moved up since then – but only enough to suggest that GMO was onto something. I’d suggest that there’s still plenty of opportunity to get on board. Particularly if inflation really does take off after all this.' Moneyweek
dorset64: MT, I note you've gone through RioTinted_Specs posts to pull him up on his investments and, as I had a spare 5 mins thought I'd take a look at yours as you continually pronounce just how good you are at this game & how much money you are/have made. Just a quick look reveals at one or two of your 'top 5 investments': Mount Teide - 21 Jul 2017 - 08:55:07 - 627 of 3802 Welcome to Central Asia Metals - CAML Took the opportunity to add another 17,500(7.5+5+5) to a long term portfolio holding this morning - CAML has got be be one of the best plays on the future price of Copper in the mining sector and, is imo run by an Executive Chairman who i have met on a number of occasions, and consider one of the most impressive and astute business managers of any quoted company i have ever met - CAML shareholders are fortunate to have him and his well regarded team at the helm. Price of CAML in July 2017 - circa £2.10 - 3 years later & price today £2.14 ==================================== Clarkson - CKN A thread started by yourself and your main investment in the shipping industry, an industry you know so well given your experience of visiting 117 countries (you keep count, really?). Share price 6 years ago - £26.00 Share price when you started the thread 15 mths ago - £26.00 Share price today - £26.00 =================================== Mount Teide - 02 Jan 2020 - 12:07:36 - 340 of 2658 PetroTal - Growing oil production - PTAL Not often I average up at nearly double my average price but the risk/reward here is exceptional considering the astonishing business development progress made over the last 12 months - Added a further 100k today - yet to be reported. Price 2nd Jan 2020 when you 'doubled' your holding - 31p Price as of today - 9.5p =================================== Point I'm making MT its easy to go back over anyones posting history, as I can guarantee 100% of us all have had some bad investments, and obviously yourself no matter how many times you keep talking about your winners.
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