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ARS Asiamet Resources Limited

0.825
-0.015 (-1.79%)
26 Jul 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
  -0.015 -1.79% 0.825 693,156 11:32:36
Bid Price Offer Price High Price Low Price Open Price
0.80 0.85 0.84 0.825 0.84
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD USD -6.93M USD -0.0027 -3.04 21.79M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:09:55 O 99,887 0.841 GBX

Asiamet Resources (ARS) Latest News

Asiamet Resources (ARS) Discussions and Chat

Asiamet Resources Forums and Chat

Date Time Title Posts
26/7/202416:32Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG))31,438
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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Asiamet Resources (ARS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 13:09:560.8499,887840.05O
2024-07-26 13:00:240.8429,834250.61UT
2024-07-26 12:45:580.815,67645.98O
2024-07-26 12:36:110.804013.21O
2024-07-26 11:41:200.851,000,0008,450.00O

Asiamet Resources (ARS) Top Chat Posts

Top Posts
Posted at 26/7/2024 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 0.84p.
Asiamet Resources currently has 2,594,081,929 shares in issue. The market capitalisation of Asiamet Resources is £21,271,472.
Asiamet Resources has a price to earnings ratio (PE ratio) of -3.04.
This morning ARS shares opened at 0.84p
Posted at 06/7/2024 18:52 by dorset64
MT, all this is not new news, there's no value in the share price for Beutong, zilch, so not sure why you've come back on to slate it, especially when it currently has zero value?
Posted at 07/6/2024 09:05 by adw198
I’ve been here 3 years and Tony has claimed a bank would lend $110m throughout that time. Yet the reality is they’ve not appointed a lead bank and not passed INITIAL credit committee approval. Hence my cynicism. It’s quite clear they were told in no uncertain terms the bank wasn’t interested in lending last year. The copper price moving will help our case going forward.

I’ve said $4m because I think for the last couple of years that was the loss or higher. I acknowledge not all years will be the same and it might be our corporate running costs are slightly less when we’ve got a $200m build to manage as opposed to whatever we’re spending money on now, but either way we’ll need money to keep the lights on for at least 3 years. I think a bank of off taker will want an assurance on that, if others don’t think they’ll be bothered that’s fine. At absolute best we somehow raise the money and get diluted massively along the way. Or, as I see it, we get taken out by DOID. We’ll see…
Posted at 03/6/2024 12:16 by 2lb
Asiamet's share price chart of the last five years is extremely linear irrespective of the general market…….
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).




Haha!
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.

AIMHO/DYOR
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....

....as 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,

AIMHO/DYOR
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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