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| 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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.0% | 0.875 | 497,169 | 07:34:02 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.85 | 0.90 | 0.875 | 0.875 | 0.875 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | USD | USD -6.93M | USD -0.0031 | -2.81 | 19.34M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 10:05:16 | O | 497,169 | 0.8924 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 15/11/2023 | 14:04 | ALNC |  IN BRIEF: Asiamet Resources gets GBP3.3 million financing for project |
| 15/11/2023 | 07:00 | UKREG | Asiamet Resources Limited Strategic c.US$4.0 million Financing |
| 30/10/2023 | 17:45 | ALNC | TRADING UPDATES: Versarien "pleased"; D4t4 first-half revenue rises |
| 30/10/2023 | 07:05 | UKREG | Asiamet Resources Limited Corporate Update |
| 06/10/2023 | 09:08 | ALNC | Asiamet Resources shares rise on progress at BKM copper project |
| 06/10/2023 | 06:00 | UKREG | Asiamet Resources Limited Corporate Update |
| 27/9/2023 | 17:48 | ALNC | IN BRIEF: Asiamet Resources loss narrows as expenses decrease 24% |
| 27/9/2023 | 07:15 | UKREG | Asiamet Resources Limited 2023 Interim Report & Financial Statements |
| 22/9/2023 | 06:00 | UKREG | Asiamet Resources Limited Board Changes |
| 01/9/2023 | 06:00 | UKREG | Asiamet Resources Limited Change of Nominated Adviser |
Asiamet Resources (ARS) Share Charts1 Year Asiamet Resources Chart |
|
1 Month Asiamet Resources Chart |
Intraday Asiamet Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 29/11/2023 | 09:03 | Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG)) | 30,600 |
| 25/5/2023 | 14:45 | Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG)) (ARS) | 719 |
| 16/9/2021 | 21:32 | C3Metals - Tony Manini & Steve Hughes | 29 |
| 01/2/2021 | 14:09 | Where are we going??? | 1 |
| 25/1/2021 | 15:24 | Need the intra-day chart | 3 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 10:05:18 | 0.89 | 497,169 | 4,436.74 | O |
| 2023-11-29 16:15:34 | 0.85 | 212,999 | 1,810.49 | O |
| 2023-11-29 14:54:42 | 0.86 | 28,306 | 243.43 | O |
| 2023-11-29 12:20:58 | 0.85 | 498,400 | 4,236.40 | O |
| Top Posts |
|---|
Posted at 22/11/2023 11:20 by dorset64 ADW, the off-take agreement can be signed at any point but most likely in tandem with corporate finance as, and only once the off-take has been signed, will they know what percentage of the overall amount it covers. There's many strings to such agreements as in if the first deal only wants, say, 30% of the overall production, they would pay a far higher price compared to a company agreeing to take 100% of production.These figures will be based upon the copper price in 3 to 4 years or even 5 (my guess), as they will likely be paying a higher than the expected copper price in the first few years compared to paying substantially less then the final 5 or so years of mining. Other options include all the expected money up front or, say, 50% of it etc etc. |
Posted at 21/11/2023 18:13 by mostyn Hi Adw198After all the recent interviews and progress updates I think there is a decent chance of the following in the next few (not company speak few) months: Regular updates on progress (as per DM) EPC Contractor appointment. Lead Bank - not before time after all the prior comments on the subject. Offtake agreement - not as confident on this one as due diligence takes forever. On the basis that they say they have had interested parties for at least the last 4-5 years, I think something will happen eventually, probably within the next 4-5 years. I don't think even these milestones, if they in fact appear, will do a huge amount for the share price in this market, although I would like to see the price have a decent move above 1p. The only thing I could see having any significant impact would be something either at the project or corporate level, which would then place an independent valuation on the assets. The major impediment in my view is the current share price which would, in all likelihood, lead to offers the company couldn't accept. Chicken and egg..... |
Posted at 28/10/2023 18:41 by 2lb Exactly correct.UPL shows that bidders who understand what they are bidding on can see past the share price.We know that the share price is a reflection of the management and not the assets so again a savvy bidder will put their ineffectiveness to one side.Management will claim actively seeking a 100% buyer is a sign of weakness and therefore would invite only "low bids" but then as they have systematically destroyed the share price through idiocy over the years I think the shareholders should be left to make the call on that one. |
Posted at 28/10/2023 17:59 by mostyn 2LB,Any sale would certainly need to be 5p+. After everything TM has said I can't see anything less than 10p being accepted. The NPV of BKM is around 5.5p. Then you have BKZ which also has significant value and Beutong which is considerably larger than everything else put together. Obviously, at this stage, there is a greater risk element to BKZ and Beutong which reduces their effective value. The problem with selling the company, is how one gets from 1p to north of 5p. You don't see many (any?) bids which immediately give a several hundred percent premium to the existing share price, and the management have so far proved that they can't raise the share price in spite of regularly stating the the company is very undervalued (to become worth hundreds of millions if not billions - TM) |
Posted at 19/10/2023 14:00 by mostyn I think what is best here probably depends on one's time horizon. If they were to get BKM into production and use that as a base to get BKZ into production, then I think we would see a much higher price, especially if this were to be done in the middle of a base metals boom. This might take 2 years for BKM and perhaps 4-5 years for BKZ, so the much higher price might take some time coming. If that is too long to wait then a bid/partial sale looks to be the better bet, and I'm not sure that we wouldn't get a better price sooner in his scenario. Even a partial sale of one of the assets would provide a market valuation which should benefit the share price, always assuming that the sale was at a decent price.It we were to get a bid I couldn't see the directors letting Asiamet go for less than 8-10p as a minimum, especially after all their comments about how hugely undervalued it is. Unfortunately the biggest impediment to any decent bid is the current low share price, and in the short/medium term it seems clear that the directors have no idea how to change the current situation, as they have been talking about it for at least the last 12 months. |
Posted at 11/10/2023 11:06 by adw198 @mostyn Yes that’s a fair point but isn’t the official line we’re going for debt and off take to fund the whole thing? Or is there now an admission we need a JV too?DOID didn’t want away because the share price dropped though, the wider evidence shows us that’s not what happened as they were reversing away when the share price was much higher than now and also higher than when they signed the HOA. |
Posted at 11/10/2023 10:26 by mostyn The main problem Asiamet has, at present, in getting any deals done is the share price. The consequent low market cap is going to colour the views of anyone looking at the assets. At a market cap of £22M it's going to be difficult for someone interested in the projects/company, to give Asiamet an offer that they could justify to their own shareholders. Asiamet valued BKM/KSK at $100M for the DOID participation ($50M for DOID's 51%). How could they then accept substantially less when potential partners are going to look at the market cap for the whole company, at £22M, and make any offers accordingly. Unless they get the share price up, either any offers are a non starter, or they end up accepting something at a pittance, which so far they have said they won't do. |
Posted at 14/8/2023 15:35 by dorset64 Based on a sum of parts and to what is currently know, 5-10p often mentioned.This would depend on financing if going it alone with a smaller % partner, or Asiamet retaining only a small % themselves % a ‘larger’ partner, or a full sale of the BKM/KSK areas. The third option to affect the price would be if someone came in and offered to buy Asiamet, ie. All of the projects including Beutong instead of just the KSK area. Add also in to the mix if a full VHMS is to be anywhere near proved that extends to the whole area not just BKM, which at present appears more than likely, then it 'could' be many many multiple of those prices but that is unknown at present, albeit very likely imo. Even though the IRR is decent at above 20% what you have to take in to account is that this is just for the first start-up project ONLY, and with the costs of infrastructure being covered by this 1st project, in theory, the other areas close by would demand a far higher IRR & re-sale value than the current one as a lot of the start up costs, infrastructure, roads, machinery, heavy plant, staffing costs and power would have in the main already been paid for by this first project. Then on top of this, if a full buy-out of asiamet was to ensue, then you also have to add in all the other KSK areas & projects but also then to include the huge Beutong which, on its own is widely expected to be 4-6 times larger than the whole KSK area, but again that is yet, like most of the areas, yet to be fully drilled, discovered or acknowledged in the share price. Genuinely feel this is now turning the corner and if/when copper prices take off as per the commentary then the final price could well be far above 20-30p should all the ducks line up in the coming years. All in all, and forgetting the past years of management failure I feel by bringing in and giving the ‘day-to-day All imo. |
Posted at 05/7/2023 08:13 by mount teide The appalling collapse of the share price price by 93% from the 14.5p high, the point at which Manini elected to 'monetise' the assets, has in fact seen some winners over the past 4 years, other than Manini and his Melbourne Country Club set!After watching the share price collapse 85% from the 14.5p highs, someone took out an 0.80% short position in April 2021 when the share price was circa 2.5p, and, despite since being more than 60% in profit, has to date only reduced the short position to 0.51% |
Posted at 18/6/2023 07:31 by mount teide 20,000 posts is an average of around 3 a day, which after removing duplicate 'macro' posts on the stocks I hold, reduces to less than 2 posts a day - a fraction of what most on Advfn actually post, including JTCod, who's thread first drew my attention to the fact there were some groups of quality investors making posts on the website, amongst the mostly poorly informed and highly opinionated dross, which no one better exemplifies than you.The facts of the matter are not in doubt - you're massively underwater on your only equity investment. Yet bizarrely, you still vainly crow daily about how you're a mining industry expert, and consider Manini a genius, despite the evidence demonstrating he has completely destroyed his shareholders investments through a record of breathtaking incompetence, that would have seen any CEO with a shred of integrity tender his resignation long ago. Son, until like me you post all your equity investments over many years to provide readers with a verifiable track record of your investment performance, EVERYONE correctly, will dismiss your comments as little more than the narcissistic rants of an unhinged sociopath. Your thousands of posts palpably scream of a desperation for the ARS share price to recover a little of the 93% its lost since the management attempted to monetise the assets, and clearly suggest you're in well over your head with money you cannot afford to lose. For your mental health, a psychiatrist would almost certainly advise to cut your losses, take it as an expensive lesson learned, and leave equity investment to the professionals. |
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