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ARS Asiamet Resources Limited

0.125 (9.62%)
17 May 2024 - Closed
Delayed by 15 minutes
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
  0.125 9.62% 1.425 13,663,227 16:15:07
Bid Price Offer Price High Price Low Price Open Price
1.40 1.45 1.425 1.30 1.30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD USD -6.93M USD -0.0027 -5.26 36.84M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:22:28 O 696,999 1.402 GBX

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Date Time Title Posts
18/5/202415:50Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG))31,247
25/5/202315:45Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG)) (ARS)719
16/9/202122:32C3Metals - Tony Manini & Steve Hughes29
01/2/202114:09Where are we going???1
25/1/202115:24Need the intra-day chart3

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Posted at 18/5/2024 09:20 by Asiamet Resources Daily Update
Asiamet Resources Limited is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker ARS. The last closing price for Asiamet Resources was 1.30p.
Asiamet Resources currently has 2,594,081,929 shares in issue. The market capitalisation of Asiamet Resources is £36,835,963.
Asiamet Resources has a price to earnings ratio (PE ratio) of -5.26.
This morning ARS shares opened at 1.30p
Posted at 09/5/2024 14:45 by 2lb
More perhaps that there is nothing to discuss as all we have had is continued silence from the company until the publication of the annual report today which told us nothing new.

Copper putting some warm air under the price is obviously good news and your point is valid in the use of the term "starts it's re-rate" as so far all it has done is get to only 40% down on McClelland's appointment two years ago.

We haven't actually heard form the management in all of 2024, apart from a quote about some rocks.

It appears that Charles Archer has actually managed to get them to talk so I look forward to his take on things as his view is certainly one I place a lot of credibility on.

Any price south of 3p remains pretty miserable by their own repeated claims, and that's without the hugely positive copper cycle that should only strengthen.

What we all want is corporate event at fair value - views may differ on what that is both in nature and price
Posted at 17/4/2024 15:59 by dorset64
ADW following your theory of doid buying out asiamet, if that's the case and with the share price at near all time lows, why haven't they done just that then?If doid then wanted the share price even lower they would had let asiamet run our of money and bought them in a fire sale but no, doid instead pumped in $millions in to Asiamets bank account, to ensure they do keep afloat.Both of the above dispel your argument/reasons for saying what you are.I'm still of the opinion a jv will be formed, or finance for a smaller starter pit along with offtakes will be arranged or, the sale of a single project or ultimately, the whole company will be bought out. None of these currently include Doid buying out the whole company and starting to build a copper heap leach mine, something of which they have zero experience of.
Posted at 14/4/2024 12:36 by napoleon 14th
Computer-driven site "WALL STREET" has come up with this gem of info about ARS, LOL!
Doesn't mention the main MAJOR RISK - Toni Manini...

"Asiamet Resources ARS
Share Price 7 Day 1 Year
0.01p 4.0% -39.5%

New minor risk - Financial data availability
The company's latest financial reports are more than 6 months old.
Last reported fiscal period ended June 2023.
This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts.
Currently, the following risks have been identified for the company:

Major Risk
Revenue is less than US$1m.
Minor Risks
Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).
Market cap is less than US$100m (UK£14.5m market cap, or US$18.0m).

Posted at 05/4/2024 13:46 by mount teide
RR - unlike the fantasy land world you live in, the market lives in the real world and has voted with its feet - valuing the company at a share-price a completely catastrophic 3.5% of what it was worth when Manini commenced monetising the assets.

I actually owe Manini a great debt of gratitude - had he not been publicly hoodwinked by the industrial scale fraudsters running Aeturnum Energy, I may not have exited in the two week window available at circa 5.5p, after posting my research on the criminals that was freely available in the public domain.

That investment money, as posted at the time, went into Savannah Energy - I would now need a 31 bagger at the current ARS share price to break even, if I had listened to Manini's appalling Due Diligence on the Aeturnum criminals, rather than carry out my own research on his 'carefully' selected strategic partners. And possibly as high as a 100 bagger if Savannah shortly come out of an RTO trading suspension at the market consensus valuation of the enlarged company were the deal to complete.

Yet, even that 100 bagger circa 50p ARS share price would still only be a quarter of the £2/share valuation some of Manini's online propagandists like Montim were once freely posting on here -after some of us started calling out the management for repeatedly failing to deliver on any operational and financial development targets given to the market - including boldly claiming the management would not sell out for anything less.

Predictably, now long gone, all that remains some 5 years later is the same smug, sanctimonious arrogance of the well heeled management and, the investment destroying 0.5p share-price they have since delivered.

Posted at 05/4/2024 10:35 by 2lb
Your point on it being a rare opportunity is correct, certainly nobody in the current Asiamet team can make that claim despite the rhetoric they used to use that they had all "done this many times before" - we know this isn't true and its now a line that no longer gets peddled out at the the start of each interview.

Copper timing may also be incredibly fortuitous, and that will be 100% down to pure luck as the original production date set in 2016 was 2020. That said the share price has only fallen as the copper price has risen over the years as the price reflects confidence in the company as opposed to copper.

No doubt if you only stumbled on Asiamet today and looked at all the information available you would draw the conclusion that it is a life changing investment opportunity - but then for many it already has been.......
Posted at 04/4/2024 10:29 by mount teide
If you want a long term career running quoted companies, its not a good idea to get a reputation for looking after number one at shareholders expense, or failing to deliver on just about EVERY operational and financial development you've given the market for 5 years, or getting publicly hoodwinked by a gang of SE Asian criminals, or crashing the share price by 96.5% after announcing you were going to monetise the assets for shareholders.... the market is very likely to take the view, as at ARS, that as a disingenuous, out of his depth, unapologetic charlatan, a quoted company would be uninvestible under your 'leadership', and price the equity accordingly,

Posted at 14/12/2023 16:10 by mostyn
I recall TM stating in one of his interviews that if the price remained at the current level (then over 1p) he considered a takeover almost a certainty. I believe he also stated they had already received low ball bids.

In spite of this I find it hard to believe that in practice a takeover will happen, largely due to the appallingly low share price. Aeturenum were going to float BKM/KSK for $160M (approx 7p+ per share). DOID were going to buy a 51% share in KSK for the equivalent of around 2p per share. This was just KSK. Beutong is much bigger, and the directors have stated both have huge exploration upside. I would think the directors would consider anything less than about 8p per share to be totally unacceptable. With the share price at 0.75p mid, who is going to bid anything near that figure.

The key, of course, is what DOID would do. I want it to happen but I just can't see it.
Posted at 21/11/2023 18:13 by mostyn
Hi Adw198

After 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 19:41 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 19/10/2023 15:00 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.
Asiamet Resources share price data is direct from the London Stock Exchange

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