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
  -0.075 -5.45% 1.30 24,086,764 16:29:47
Bid Price Offer Price High Price Low Price Open Price
1.25 1.35 1.375 1.25 1.375
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.51 25
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:47 O 8,136,569 1.3625 GBX

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Date Time Title Posts
01/7/202220:22Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG))26,982
17/4/202219:16Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG)) (ARS)717
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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Asiamet Resources (ARS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-07-01 16:15:001.368,136,569110,860.75O
2022-07-01 15:58:021.28190,3792,434.00O
2022-07-01 15:58:021.28190,3792,433.90O
2022-07-01 15:29:471.2517,600220.00O
2022-07-01 15:25:021.25160,6312,009.49O
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Asiamet Resources (ARS) Top Chat Posts

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 1.38p.
Asiamet Resources Limited has a 4 week average price of 1.25p and a 12 week average price of 1.25p.
The 1 year high share price is 3.30p while the 1 year low share price is currently 1.25p.
There are currently 1,936,553,101 shares in issue and the average daily traded volume is 7,783,697 shares. The market capitalisation of Asiamet Resources Limited is £25,175,190.31.
highly geared: Sell down a chunk of your 15% holding in the market , trash the share price ( having created the uncertainty to cause the price to fall) and then make an offer against a bombed out share price that looks good on paper at that point ( where investors prepared to take anything to be put out if their misery)? 3p for the lot should do it.
mwakie: Morning all, I'm after some info, I've been in ARS since 2017 and too bought from 15p down to 1p and was also abit disgruntled at yesterday's rns but surely we are still in a better position than the Aternum disaster. My investment in ARS is hopefully my future pension pot and i did my research but what happens if DOID do take us out for 4/5p and then take us to production and what happens to the share price, does it go back into a long term investment again? I'm all ears and would appreciate your info.
dorset64: 2LB, all the below is for arguments sake & nothing else. DOID originally and before further drilling and the ITE improvements to mine design etc were included, valued the BKM project at circa $100m. In addition to BKM we also have the huge Beutong though this still needs further drilling to establish its true size and worth. Therefore and just for 'fag packet' calculations, given it is, pre further drilling 6 x the size of BKM, ignore the size and say its only worth the same as DOID's early valuation of BKM ie. $100m. BKZ has now proved itself to be a VHMS system which has great wealth already uncovered and the updated recent BFS noted in ground assets of $1.5b. But again ignore that at this point = £0 added value. Therefore if we just take BKM as a $100m project, and Beutong as another say $120m project = $220m, thus circa £200m at current copper/precious metals prices. Currently at 1.6p Asiamet is valued at £30m, to reach the above £200m we are looking at a share price, in the ground and pre mine build/profits of 6 to 7 x the current share price to equal circa 10p for the lot. I can't see that happening at all and therefore Asiamet will be sold off, if a buy-out is indeed what occurs, at a price of roughly 50% of its in ground value. Whereas if it still goes the way of a JV of 50/50 for BKM, then all the rest should in theory see a share price well north of 10p into mine construction and operation with each of the assets not even fully explored yet and destined to increase their value many times over in to the future. Given the above an investment right now is a no brainer, although and unfortunately, given TM's past history of deal making, one wonders what the future will bring us & the price he achieves it at. I'm still invested but further aggrieved by the day at the mixed messages TM continually gives its shareholders.
m5: Bottom line is watch price. It will give the game away. share price is bloody awful right now but just bored and peed off shareholders bailing out. We will get a big volume day and share price movement one way or another. Place your bets.
mount teide: 2lb - that's it an a nutshell.....its a performance you see when the market has lost all confidence in the people managing the business! D64 - I hope you and everyone else invested in ARS does see a return on their investment - its the least Manini's long suffering shareholders deserve for putting up with his excruciating embarrassing performance at the helm over the last 7-8 years. A period during which shareholders have given him a very high standard lifestyle at their expense for doing very little, other than organising a few very modest ultra shallow drilling campaigns on BKM and BKZ together with a few holes on Beutong(which he has not gone near for over three years for reasons he has been unwilling to explain to the market), when he should have been spending the money continuing to prove up the assets - since that was the only reason the share price moved from 2p to 14p. The reason the assets are now attractive is because of where the sector is with pricing at this stage of the commodity market cycle - no credit should be given to Manini for that! AIMHO/DYOR
dorset64: 2LB, no-one will disagree with you on TM's performance along with the share price performance over the past few years, no matter how many times it is said or repeatedly posted on this site. You or TM can post the same things hundreds of times, we all know it, we've all experienced it but repeating the same story every time you post will not change the past. I am an investor and although I have constantly moaned about TM for the exact same reasons as most have, I have also asked for him to be removed and someone else brought in to manage any JV & mine construction and, that now happened. With this latest drop I too am in deficit currently and, given the world class assets, given a new CEO has arrived, given Gupta bought 15% on the open market, given the 'in ground' resource for just one area increased to over $1.3b, given BKZ has shown itself to be a huge VHMS system that still needs to be fully evaluated, given the Indo Gov are looking to stop export of un-processed copper but instead to keep it in country to sell it processed at a far higher value, given Beutong has had interest and is an undiscovered monster, given copper & most of the precious metals we have in the ground are entering a full scale boom period of pricing and scarcity, given many other factors I am still invested DESPITE TM as the current share price & sentiment are both approaching or at their lowest ebb and, in these markets most likely to go lower yet. As is well known to make money in share dealing you buy when everyone else is fearful and the death 'ride' Asiamet has witnessed over the past 2 years, although exasperated by TM many failings, is exactly the same share price graph that most explorers go through prior to entering mine construction. This remains a binary bet but one I've put £six figures in to even at todays valuation and one I remain extremely positive of a successful outcome and a far higher share price in the years to come. Time will tell but I still firmly believe my investment will be handsomely rewarded for putting up with all of TM's mis-management over the years.
dorset64: Hornblower, the next time you pop in here, it would be interesting for you to post a 'typical' chart of what we 'could' expect to happen to the share price & over the months following it. Personally, I can see & understand that some will sell out on the JV news but with it comes a fair bit of certainty for Asiamet and, with a clear path to mine construction hopefully the share price rebounds somewhat to. Where it could go to I haven't a clue but perhaps HB's charts can give us an idea? On the day of news if it jumped a whopping 50% that would still only give a valuation of circa £60m when, just going by the latest upgrade of in-ground resource figures of $1.3B without even thinking of BKZ or the giant Beutong, shows just how far Asiamet & the share price has to climb to get near fair value in my mind. Add in that mix with the highly likely possibility of DOID increasing their stake further in Asiamet by buying on the open market and who knows where the share price could be within 6-12 months let along a couple years when a highly profitable miner.
mount teide: D64 - 'Your problem is you like all of us called the past wrong and you lost money here' Totally incorrect - as I posted at the time I made £150k after 4 years - a very poor return considering the quality of the assets and the copper price/stage of the commodity cycle. ADV - 'you lost £250k' Again as posted, since I'm almost alone on Advfn in doing so - I lost £205k(under 4% of my portfolio) on a well with a 95% geological chance of success. The previous 23 wells drilled in companies I held shareholdings in had between a 50% and 70% geological CoS, and all proved commercial. Fortunately, as posted at the time, I earned back all the ADV losses in 9 trading days from the tremendous January performance of the rest of the stocks in the portfolio. Any who read my investment research knows well that I never give investment advice. The timing of the divestment of my ARS shareholding I've covered many times before ..... you know very well that after reading the new research I posted, investors had two weeks to get out at the same price as me if they wished to do so - those that did and who privately thanked me for posting the research, claimed to have collectively avoided losing over £500k - those like you who elected to rubbish it, now need a 145% capital gain just to get back to the selling price you could have had 18 months ago in December 2020. Leaving my investment in ARS would now require a share price of over 20p just to break even considering how the funds have since performed following re-investment mainly in SAVE as posted at the time. If you don't like my posts the answer is simple - filter them....because I can assure you of one thing if you keep posting your usual factually inaccurate nonsense in response to my posts, more poor/misleading research, or revert back to more of your sycophantic cheerleading of the management it will be met with same robust response seen over the last 2-3 years. Considering your previous shameless support for a management that has done nothing but destroy shareholder value on an industrial scale, it says more about you than i ever could, that you still have the nerve to post here. At least that other management shill Montim with his 200p shareprice target, had the good grace to scurry off with his tail between his legs after, like you, suffering the embarrassment of being publicly hoodwinked by the appalling Aeturnum shysters, and its resulting 4 fold dilution, outrageously described by Manini as a mere "hick up". AIMHO/DYOR
dorset64: Adw198, I too was confused by the wording of the RNS and asked questions to which i did receive replies. The two are separate negotiations ie. one is to complete the deal which is pretty much there & sign off expected 'soon' with the other, the ITE to complete both on mine financing and an updated FS. What this means, as I understand it is that the financing for the whole project & life of mine will be completed 'up front' which is exceptionally rare in such deals including debt finance. The biggest problem here has been TM's self imposed timelines, just look at the share price after the initial announcement of the deal, it rose up to around 3p with Tony stating he expects the deal to be signed by year end. The chart then shows, when he missed yet another of his own timelines that the share price dropped to around 2.6p waiting for the 90 day period to end. When that was missed the share price then dropped to 2.2-2.3p and then with yesterdays misleading announcement, and no date again given for completion the share price immediately dropped to under 2p. There is no doubt in my mind that Asiamet are a screaming buy at these levels and I purchased a load last week (too early as it turned out) but the main drag on the share price has been TM and his timelines. I am confident and even more so after yesterdays input by DOID that this deal will get signed, we will get in to mine construction and theres good times aead and I'm just glad that TM has also realised that he needed to bring in expertise at the top of the 'mining co' to run the project and for him not to be doing it himself.
coldspring: Warning lengthy review from Gary Newman It looks as though Asiamet Resources (ARS) has finally landed the deal for the BKM asset that investors have been patiently waiting for, but so far the market seems unimpressed and the share price is trading lower than it was before the announcement. I think part of the reason for the weak reaction is that some shareholders were expecting far too much and the reality is that for these small AIM miners securing any sort of deal to develop the assets and take them through to production - where the company isn't in a position to do soon its own - should really be looked at as a positive as it is something that many of them never manage. We also have to bear in mind that the signing of a binding agreement is subject to due diligence and PT Delta Dunia Makmur (DOID) has been granted 90 days exclusivity before executing a binding agreement, which will trigger the payment of $10 million in cash to complete value engineering works and for additional drilling which is aimed at expanding both the resource and mine life.I think part of the reason as well as to why the share price failed to respond positively is because a lot of people are still cautious after the previous deal debacle with Aeturnum, so may well be waiting until the deal is actually signed before they believe it. Delta Dunia is set to contribute a total of $50 million as part of the deal to secure a 51% stake in Indokal, the subsidiary which holds BKM - with a staged earn in as each part of the agreement is completed - with a second tranche of $10 million for the front end engineering design (10% equity earn in); $20 million in cash or in kind for civil and mine construction work (20%); and $10 million towards long lead time capital equipment (10%). What is just as important as the cash though, is that Delta Dunia is one of the largest mining services companies in Indonesia, and its connections there will prove invaluable, especially when it comes to debt funding and project finance, and it will also commit to assisting Asiamet in finding financing for the project through to production. The fact that Delta Dunia has emerged as the potential partner for BKM shouldn't really come as a surprise as Ashish Gupta is a major shareholder, and commissioner, in that company. He previously bought all of the shares that Aeturnum held and a couple of weeks back announced that he had transferred that 15.36% holding (worth around £7.5 million currently) to Delta Dunia, which now has an extra reason to see Asiamet succeed and its share price to do well.The deal does look heavily weighted in favour of Delta Dunia, with it or its subsidiaries being used to provide the services needed to develop the project, but there is a clause that this is only if it is commercially reasonable, and so whatever is charged by Delta Dunia, a similar amount would have been charged by a third party for the same services anyway. I certainly don't have any issue with this, as the company are experts in this field anyway in Indonesia. It has also been mentioned that Delta Dunia will look to partner with Asiamet/Indokal on further projects as well, and I would expect that will also help to progress the BKZ, where recent drill results have been very promising and with plenty of potential to expand the resource further, but the asset is still at an earlier stage compared to BKM. Plus of course there is the Beutong copper-gold project, where Asiamet has an 80% stake and which has a JORC compliant resource of 2.4Mt of copper, 2.1Moz of gold and 20.6Moz of silver, and which would certainly benefit from further appraisal if Delta Dunia was to show an interest in that and was prepared to help with funding it. Delta Dunia is listed on the Indonesian stock market and currently has a market cap of around £132 million and as at the last accounts up to Dec 31 2020 it had circa $112 million in the bank and NAV of around $210million, including fixed assets of $501 million and with a big chunk of its liabilities - $343 million – in the form of senior secured notes. To me this suggests that it does indeed have the clout to make a success of BKM. It also seems able to obtain funding, as during that year it managed to secure a bank loan for $110 million which was used to repay existing bank loans which had become due, as well as lease liabilities. What is also interesting to see is that its revenue and profitability has been dropping in recent years – it actually made a loss of $23 million during 2020, but of course Covid will have played a big part in that – so it may well view the near-term development of BKM as a way of reversing that and of putting its cash reserves, and its ability to raise capital, to good use.Of course, if the development of BKM does go ahead it remains to be seen exactly how the Asiamet share of the additional costs will be funded, but I can see that happening as it isn't a huge amount – the initial Capex to get to production was estimated at $192 million in the 2019 feasibility study. If further work can indeed expand the resource as well the mine life – originally estimated at nine years initially and producing up to 25kt per annum of cathode copper – plus the much improved copper market we currently have, and which is forecast to continue in the coming years, then the NPV, IRR, and all-in sustaining cost of each pound of copper produced, will also improve dramatically and make the project look even more attractive. There is of course still risk along the way, as there is with all miners at this stage of development, as the deal is yet to be signed and the way in which Asiamet will fund its share is yet to be determined, as is the impact that will have on existing shareholders. But overall I can see enough potential to make me continue to hold to see where it goes, and after the news and resulting drop in share price, I took the opportunity to add some more shares at 2.4p as I believe there is less risk now than there was previously. The share price has bounced back a bit to around 2.55p to buy, giving the company a market cap of circa £49 million, and I can see the potential for it to be worth significantly more in the future.
Asiamet Resources share price data is direct from the London Stock Exchange
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