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
  -0.05 -1.85% 2.65 2,733,355 09:00:08
Bid Price Offer Price High Price Low Price Open Price
2.55 2.75 2.70 2.65 2.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.51 51
Last Trade Time Trade Type Trade Size Trade Price Currency
12:36:56 O 150,000 2.775 GBX

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Date Time Title Posts
16/9/202122:32C3Metals - Tony Manini & Steve Hughes29
11/9/202114:37Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG))26,178
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 2.70p.
Asiamet Resources Limited has a 4 week average price of 2.45p 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 2.03p.
There are currently 1,936,553,101 shares in issue and the average daily traded volume is 7,929,096 shares. The market capitalisation of Asiamet Resources Limited is £51,318,657.18.
dorset64: 2LB we all know 2-3 years have been wasted and a lot of it down to his own missed timescales but as I said last month, now that the AE debacle has closed with them being removed of their shares, I am more than confident lots of news, drilling & JV info will soon be hitting the news desk. For that reason and the fact a JV will take on and run the projects, I increased my holding by another 60%. Although some or most of your points are valid, the fact are they are in the past and I'm only interested in what the share price will be in the future, not the past, unlike it appears yourself?
fbrj: I posted this on Telegram a couple of days ago. I was really just demonstrating the previous tie up with Manini 5 years ago on another deal. They were on the board of Agincourt Resources 2016-18.Telegram postI posted this previously upthread:"Maybe, just maybe Gupta (who with another board member (Ronald Sutardja) potentially controls 38% of Delta Dunia - depends on exercising options - might use the listed vehicle (Delta) to acquire all or part of ARS. In the background we also have Gupta and the US listed 3-4 shells"Those listed cash shells - jointly founded by Gupta - Tiga 1, 11, 111....etc raised about $750m. Also on the board of Tiga is one Peter Chambers who is also on the board of Delta Dunia. He is the mining man.I've been digging around a bit more....There is an Indonesian gold mining company called Agincourt Resources. In 2007 it was bought by Oxiana where Manini was GM exploration at the time. A guy called Hegarty had been founder an CEO of Oxiana (later merged, becoming OZ Minerals - when Hegarty left in 2008). In 2009 it was sold to G-Resources - a Hong Kong listed group - and the project was developed until first production in 2012.Hegarty was Vice Chairman of G-Resources in 2009.In 2016 after a proxy fight with Blackrock (who lost) Agincourt was sold by G-Resources to a consortium for US$775m.The buying consortium comprised: EMR Capital, Farallon (enter one Ashish Gupta, MD and partner) and two billionaire Indonesians.EMR Capital's executive chairman is Hegarty (also founder). It is based in Melbourne and co founder Tony Manini sits on its Investment Committee.Post acquisition, Hegarty (chairman), Manini and Gupta all sat on the Board of Commissioners together.In 2018 Agincourt was sold to an Indonesian conglomerate (United Tractors) in a US$1billion deal.The main point I wanted to make is that Manini and Gupta go back several years.I wonder how many of the above parties will emerge in any ARS deal?
mount teide: Manini has spent the last four years systematically setting fire to shareholders investment cash. When there were 500 million shares Manini said his aim was to create a $bn company(£2/share). How did that work out Tony? Some four years later there are circa 2 billion shares and after p*ssing most of the $45m raised up the wall, the company has a £39m market cap, largely the result of his breathtaking incompetence, which included giving away 20% of the company to alleged fraudsters for peanuts(0.9p a share), which has since made them a minimum of $4.75m profit(and possibly multiples of this if those shares were lent to a sister company/ friends in the run up to Aeturnum's long drawn out collapse of the BKM 'Deal'). Credit where its due though, you've at least quietened down most of your cheerleaders in the ARS/Manini echo chamber! Yes, the assets are still there .....but predictably, Manini and his apologists neglect to point out that there is now more than four times the number of shares in circulation as a result of Manini's appalling incompetence. Want to turn 9.0p into 2.2p! Then let the dilution experts at ARS manage your investments! Some of us remember Manini forecasting in a 2017 presentation some 15,000 tonnes of copper production from BKM in H2/2019! That forecast now looks some 5-10 years out of date! Like MPL, ARS is completely uninvestable under its present management ! AIMHO/DYOR
dorset64: Personally and now with AE fully out of the company, I would expect to see an increase in news flow given that the deal to buy their shares has now, at long last taken place. I don't think any JV negotiations would had concluded with them still invested as, if it had they would had gained from a rising share price and thus, hopefully now, TM & the BoD's can bring one of the 5 co's that approached them through to a full JV whilst holding a smaller percentage, asset sale or even a sale of the whole company. Hopefully now the next few weeks & months will start to cut their long standing & battered shareholders some slack and an increase in both activity & thus, share price. Only time will tell all.
mount teide: yasx - Your recollections are well wide of the mark! For the record: Some decent research will show that similar to the situation at ARS with Manini, after regularly posting research on the huge potential of the Tethy's assets, I was one of the lone voices to call time on Robson and his lifestyle company (while JT Cod was still a fan), and well before the share price crashed to single figures....mainly due to Robson failing to deliver against a single self set business development project in over two years. As for Globo ..... after achieving a 5 bagger, posted on Advfn that I had taken my initial investment off the table, largely the result of growing nervousness after reading the research posted by Paul Scott.....regretfully, held the remainder of the holding and saw a £6figure 'profit' vanish like morning mist after Costis the CEO was subsequently exposed as a con artist, who had hoodwinked a big four accountancy firm into confirming the company had over £100m on deposit rather than the loose change it subsequently turned out to be (possibly the result of short-sightedness brought on by the enormous fees he was paying a them). AIMHO/DYOR
dorset64: MT, if only you could see past your ego and read what has been written on these boards, including by yourself. Take a read back of my posts, I have not, as you try to imply, been totally supportive of the management here and posted many many times that TM appears now to be out of his depth and, if he doesn't go he needs to bring someone in to help him pull his 'Ars' over the line. You are correct on one thing though, you did announce you reduced your holding on the 29th December, and again on the 31st December but what you strangely fail to mention was your previous 7 days of postings by where you were implying that anyone who had sold, or who were thinking of it 'have less patience than the life cycle of a mayfly', your words not mine. You were also implying that a 'major' or similar would surely be soon looking to buy Asiamet out and on the 24th December you stated 'an easy double from here over the next three months looks on the cards' (your words not mine) but yep, this was when you were also in the background selling out your shares but seeking to keep the price high by enticing others to buy instead of selling. Dress it up how you like, the fact remains you were dishonest in your posts, you tried to entice others in to buying shares whilst you were selling yours so why not act like a man and openly apologise to anyone that took your advice even though you were lying. Finally don't you find it strange that you were selling your shares when telling everyone it was going to double BUT, those that followed your postings stating it was a shame that ARS did not have the same 'honest & respectful' management as your holding at TXP has now also proved to be wide of the mark. Since you were telling all to buy into TXP, they have missed numerous timelines that they set themselves, they have 'misled' their shareholders by the tone of the RNS releases and the shares have dropped by circa 70% since you were telling people to trust the BoD's & to buy the shares. So thats now twice you've cost people money by following your advice but yet, your ego still stands in the way of you admitting it to yourself that you were both wrong and a lair that was caught out on this very bulletin board.
dorset64: MT, no-one can dispute the failings of TM and his continued insistence on giving timelines that he just doesn't meet, whether he thought he could or not. But for you to come on here and saying 'what has proved one of AIM's greatest ever works of fiction', is quite honestly beyond belief. May I remind you that that were promoting Asiamet to any investor that would buy, all the while in the background you were actually only stating the below to keep the price up whilst you were privately selling your own shares!! If you're accusing TM of being a liar & being dishonest, you only have to look in the mirror every morning to find someone of the same caliber imo. To be fair you do have form in self promoting your own ego as more recently on the TXP bulletin board, you were extolling the merits of their BoD's by under promising and over achieving, only to then have that wet fish slapped firmly back in your face as they have just about missed every single timeline they had promised, as well as over promising the assets by a huge extent ever since you tried to entice even more people to buy that share. Any way and just for clarity, here are your posts implying everyone should be buying not selling Asiamets shares at the turn of the year, whilst you were secretly selling your own shares at that exact same time. =========================================================== Mount Teide - 24 Dec 2020 - 10:18:56 - 24977 of 25039 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 - 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 ...... ========================================================= 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.
mount teide: D64 - still hold 2.4m TXP shares (1.5m bought immediately following the London IPO at an average of 8.5p). It seems to have gone completely over your head that TXP peaked this year as a 24 bagger post IPO - and still sits as a 12 bagger following the recent fall back due to operational and regulatory issues, many largely beyond the control of the company. TXP's independently assessed reserves are still very much there and worth many, many multiples of the current s/p. Last year just 5 O&G companies out of the 350 listed on the Canadian bourse delivered a positive return. TXP topped the list with a +500% return .... daylight was second. To describe the phenomenal level of capital growth TXP has delivered since IPO in such a hugely embittered manner lacks class since it is patently inane nonsense. ARS on the other hand has been a complete disaster for shareholders - today, at a valuation barely above where it was 6 years ago but with more than 1.5 billion new shares in circulation(raised for a pittance) - as a result of the clueless Manini (and many blinkered shareholders like you) being completely hoodwinked by a bunch of Indonesian shysters.....despite being provided with easily sourced research, and a fortnight's warning to get out, at the same price as me and many others.....which was over 160% above today's price. At that 5.6p share price ARS will have have a valuation around £115m - a huge ask considering the appalling past performance of the management - and one I very much doubt the market will again see, even in the event of a takeout offer, as Indonesia is increasingly becoming a toxic place for mining industry investment as a result of resource nationalistic governments. AIMHO/DYOR You were very vocal(openly mocking) on here when my speculative PANR holding dropped 50% - but predictably, have gone quieter than a church mouse now its delivered nearly 100% capital growth in 18 months. Likewise, SAVE where most of my other ARS capital went is up over 100%. That former ARS investment would need a 11.2p share-price / £220m market cap to break even against the performance of SAVE and PANR. I wouldn't hold your breath with Manini's hand on the tiller !
newforestlad: Is the ARS share price going to notice the Copper price??
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
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