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% 2.40 101,757 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.30 2.50 2.40 2.40 2.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -5.37 -0.75 35
Last Trade Time Trade Type Trade Size Trade Price Currency
09:40:28 O 20,124 2.4845 GBX

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Date Time Title Posts
23/9/202017:45Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG))24,014
22/8/202012:10C3Metals - Tony Manini & Steve Hughes2
29/7/202016:35Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG)) (ARS)317
18/4/201918:23Need the intra-day chart1
24/9/201808:36Production ?1

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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 2.40p.
Asiamet Resources Limited has a 4 week average price of 2.20p and a 12 week average price of 1.90p.
The 1 year high share price is 4.25p while the 1 year low share price is currently 0.85p.
There are currently 1,479,114,353 shares in issue and the average daily traded volume is 4,667,894 shares. The market capitalisation of Asiamet Resources Limited is £35,498,744.47.
trigger blade: 2LB, Why do you say November, we’re still first half of September? Having come this far and being 50% down, I wouldn’t now dare take the risk of unloading, I just feel I’d move into the wrong stock and miss out on an eventual improvement in the ARS share price. Out of curiosity though, what stocks do you see offering a short term return, asking for a friend? 🙂
dorset64: MT, TM's failings are well documented and also continually posted time after time by yourself, so I, you & any readers of this BB already know the past no matter how many times you post it. On reading this BB people will also see that you sold half your holdings, lambasted the company for TM's performance, told the BoD's how you felt, only to then buy a few million more. Now the share price hasn't risen as you'd like it to you're again back on here blaming the company for your own mistakes and the share price not rising. Get a grip, take a look in the mirror as TM didn't make you buy any shares, nor has he made you buy even more, that was your own decision no-one else'. For me, I am waiting for the life cycle of a junior miner to play out albeit, due to TM's failings, copper price slump & Covid 19 that cycle of where we are today, where every copper juniors share price is at this stage of their life cycle is at the bottom, the bottom cycle has taken longer to play out but I am here for the final share price. Which is why I doubled my holding at 1p recently & instead of whinging about my own decisions fully accept whatever price I get out at, it was my choice to buy them in the first place.
dorset64: Its up to you guys if you wish to sale or not as its your own money you've invested, and likewise you have the right to question TM like everyone else. I have slated him when I believe he's done wrong and that has been a few times but 90% of most comments by a private investor are based solely upon the then current share price. In Ars we can see the exact same share price performance, to a degree to many other precious metals miner in that the share prices rises on the optimism in the first find, the share price continues to rise into & for the release of the BFS. Then normally the share price drops by more than 50% even 70% when investors get bored waiting for a mine design, finance & permits to drill only to then see the share price again rise once the permits have been granted, finance in place and the mines starting to be built. Then you have anywhere between 3-5 years of large share price gains until it then levels off. As for Asiamet, we have had the exact same share price ride described above but the initial share price drop made worse by continual BFS delays, bad press coverage as in interviews, further delays and the unforeseen collapse in Copper prices. There's plenty of charts around that depicts exactly my point above but unfortunately I don't seem able to post pictures on here, so perhaps someone else could kindly do that for me? If and I say IF this deal gets over the line, and I remain hopeful, then we are currently sat at the bottom of the 2nd cycle and thus, mine construction, permits granted and years of hopefully continued share price increases. The one fact remains, the world class asset remains in place and only finance, the last permit & a will to produce stand in our way of getting there. So in answer TM has tarnished his reputation from Oxiana but not all is his fault, certain things are but we are where we are, so you have to decide whether to stick with it for the ride up, or sell out now at near bottom prices. This assumes the AE deal goes through.
adorling: This pattern of consistent huge buys smells of someone (as in another Company) building a substantial stake on the back of a big seller. Would not surprise me if we see a cheap opportunistic offer from someone this side of Xmas? There is a lot of Copper, Zinc and Gold sitting in BKM, BKZ, BKW and of course Beutong. There will come a turning point for copper and it will move very fast as indeed will the ARS share price along with it. Buying below 2p has been an absolute steal today and yesterday and at the very least I expect to see my recent buys bag to 4p by end Q1 and if a 100% gain in 4 months is not attractive enough for some it is for me!
dorset64: Some ridiculous and quite honestly childish comments being made as to why the share price is where it is today. The facts are the BoD's have for sure over the past 12-18 months dropped some real clangers, nobody can argue against that. Facts also show that the Cu price has declined and as HB has shown a number of times, Ars's share price has followed that exact same trajectory. Given the current out of favour miners on the stock exchange, coupled with low metal prices Ars have quite rightly slowed down their development to save funds although have had to raise money at depressingly low ball prices. Are people honestly saying that, for instance, when the oil price slumped and along with it all CAPEX was shelved and in turn share prices slumped that the prevailing oil price had nothing to do with it, come on ffs.For sure if the Cu price had carried on its rise and right now sit aboce, say $3.30 Asiamet & most other copper miners would had not seen their share price plummet but instead carried on drilling, carried on spending CAPEX and no doubt their share prices would had been far far higher than they are today. There is a cycle with miners that everyone goes through, look it up and this cycle will only be prolonged if the relevant metal price crashes, as it has with Cu. The answer then is to either sell up, wait for the cycle to re-commence or, like I have & will continue to do so, to buy more when the prices are at or close to rock bottom. Cu will start its rise again this month, next month or next year and when it does I'll look back at the uber world class assets we have and be thankful for increasing my holding at prices far less than when Cu again hits $3.00 & upwards.
highly geared: According to a good chartist I follow , copper is looking good for a recovery over the next 6-12 months. This may align with the game Mr Trump is playing with the Chinese. I’d speculate the trade war stuff has been a well orchestrated play to ensure re election in 2020. Let’s see if the trade talks ‘ slowly’ lead to a full resolution over the next 6 months, leading to a bounce in the world economy/sentiment in the following months,right in the sweet spot of Presidential campaigning. This may give copper the push it needs from mid 2020. We’ve seen the correlation of the copper price with ARS share price. Hopefully,we all get the chance to see value restored to our investment in the coming 12 months.
tektonik: Right. Nothing new in the call in my view and disappointing questions asked by those that did (open Q&A and not structured). Was unable to ask any myself. Summary is that forestry permit is (disappointingly) still in progress and of course there is a dependency on this for the team to drill the BKM/Z link zone and other targets until they get this. The management is frustrated with the company valuation but are certain it will prevail, turning point in the market recently with attitude to commodities. Team doing some analysis into the albion process so economic value can be proven using this on potentially 60% of the BKM resource but no time frames offered to completion of overall value enhancement activities. Recently identified infrastructure enhancements have yet to be economically modeled, but this is being worked on. Separate advanced partner discussions for BKX and Beutong are ongoing. Various investors have been looking at joining in both assets tactically after the BFS was released. detailed notes: - Take a more regular approach to keep shareholders involved - the first of what will become quarterly shareholder calls - Fundamentals - Biggest of the base metal market c.22m tonnes consumption annually. Very much supply constrained. Expecting further demand through the 'green' sectors as time goes on. Despite trade wars, the copper market is still growing at 1.6m compound. Equivalent of 16 BKMs. - Only 23% of funds are currently committed to satisfy the demand curve - Electric vehicles - one example is the green vehicle revolution. In the next 10 years 11% of new cars will be electric vehicles. - 780gw of new capacity required - 5.5m tonnes of copper metal required (25% of current annualised production) - Lead time to bring on a new copper project averages between 10-15 years. In 1991 there was 110mt of new discoveries made. That's now around 25mt. A 4-fold decline. - Longer term fundamentals will eventually prevail Indonesia - Exciting jurisdiction - Government elections have just been successfully been completed. No change in leadership and will continue to government for another 5 years. - Pro-development with respect to infrastructure - Pro to get rid of government red tape - ARS has seen strong evidence of this in the mining sector - Existing government in power but new government in by 20th October. Then full steam ahead for next 5 years - Country is open for business and will be a leading power house. Top 10 countries in the world for GDP growth. - Pro-mining, but at times can be bureaucratic, this is not unique and it is trying to streamline. ARS - KSK - BKM feasibility study is complete. 25k tonne. Environmental permits granted. Forestry permit in progress. - BKZ open in all directions - 15 other copper and gold prospects have been identified - Beutong is a much larger project - 2.4m tonnes contained copper, 2.1m ounces gold. - 80% ownership of Beutong - Open laterally and at depth, outcrops at surface which will grow over time Feasibility Study - BKM initial life of mine 9 years. Production of up to 25k tonnes. Revenue of 1.27b USD. - Capital costs estimate of 223m USD (all assuming brand new equipment, confident this will be reduced - sourcing quality second hand equipment. All quotations provided were without commercial negotiation and were for outsourcing). - Cost of extraction comes out at 7680USD/t, average is 10-15k/t - Albion leaching - 451k contained copper at BKM, only 173k/t is planned to be exploited. With the remaining 60% - atmospheric leaching process with ultra fine grind that allows the sulphidic copper material to be amenable to the leaching process. For the purposes of the FS added potential of 27m USD. Sample of that sulphidic copper ore to be tested in a pilot plant. If a positive outcome, this could add value. - Proximal resources to plants and infrastructure will be advantageous. The BKM/Z linkzone and some targets n/s. Root zone near the BKM pit. Drilling will commence once the permit will land. - The remainder of the year - 1. Continue discussions with partners to appropriately balance the risk and returns on BKM. Ongoing. 2. Continue with permit process to allow access to exploration targets at BKM. (somewhat dependent on new departments being in place in government). 3. Social mapping work at locations for CSR - critical to do this so that the community can work with ARS and be engaged. 4. Value enhancements Questions: 1. Funding - Are these still split between different potential partners between BKM and Beutong? In August 3.1m USD was raised. Burn rate reduced substantially after BFS was complete. In terms of partner discussions. These are multi-pronged, there is interest in Beutong and BKM (separate discussions). Various investors looking at joining in both assets tactically after the BFS was released. Last 6-12 months has had a negative view on commodities. This attitude has shifted from "risk-on" to "risk-off". This is consistent with the supply/demand fundamentals and this is starting to escalate. 2. In September the public infrastructure upgrades were announced - what does this do to Opex for BKM? Not been modelled yet. The path was identified but was not completed to feasibility standard, this is being worked on currently. Its about 200km shorter in distance. 3. Mine life? Base case for BKM is c.9 years. The majority of drilling in the past 18months was specifically centred within the pit rim of BKM to complete the BFS. There are a number of targets around BKM that need to be evaluated. As a general statement, you don't tend to spend the money in the ground to extend mine life at the start of the mine. Progressively over the first couple of years you would spend more aggressively. What is normally the case is they tend to extend over a number of years at the back of their life as you start to extend around you mine. It gets cheaper to do this as the mine develops - but not quantifiable at this point in time. 4. Views on the mismatch between broker valuations and current market cap. Broker numbers - broad range of valuations ranging from 13p - 22p. Big distance from current valuation, doesn't make a lot of sense to the team as the BFS is out and is commercially viable, discounted with exploration upside. Beutong on top of this as well. Strong value argument for the stock currently, but time will tell. Shorter term gyrations in the market have had a fairly broad impact on more than just ARS. The team doesn't look at the share price everyday, they are trying to build a business and look forward. PB very confident it will prevail, they are just as frustrated.
devonlad: ..... and the copper price is on a run: I think we will see a partner sooner rather than later, haven't sold a share. ARS share price is very well correlated but slightly behind the copper chart as per the chart posted a few weeks ago (Hornblower I think, thanks), Time to buy, not sell!
zaphod99: hornblower, your chart showing correlation between the ARS share price and the price of copper, please can you do the same but make the start date around March 2018?Thanks in advance.
trigger blade: Mount Teide, That’s all very well, but could you just tell me what the ARS share price will be in 12 months and 12 months after that.... :-)
Asiamet Resources share price data is direct from the London Stock Exchange
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