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
  -0.10 -2.74% 3.55 7,894,006 12:05:20
Bid Price Offer Price High Price Low Price Open Price
3.40 3.70 3.65 3.325 3.65
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -5.37 -0.75 52
Last Trade Time Trade Type Trade Size Trade Price Currency
13:07:52 O 290,882 3.62 GBX

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Date Time Title Posts
01/6/202019:30Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG))23,373
01/6/202014:49Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG)) (ARS)285
18/4/201918:23Need the intra-day chart1
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13/3/201814:52Online football tickets - safe or scam?5

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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 3.65p.
Asiamet Resources Limited has a 4 week average price of 2.20p and a 12 week average price of 0.85p.
The 1 year high share price is 5.65p while the 1 year low share price is currently 0.85p.
There are currently 1,474,267,533 shares in issue and the average daily traded volume is 15,045,132 shares. The market capitalisation of Asiamet Resources Limited is £52,336,497.42.
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!
tektonik: The thing that continues to irk me is the lack of transparency as to what is currently going on - Not the collapse in the share price from x point in time. - Not the failure to deliver the BFS when originally promised. - Not the failure to deliver the BFS when subsequently promised. - Not Donald Trump and China. I personally don't care about Beutong at the moment either, the team cannot tackle this project by themselves and will need a separate strategy for this; either a partner or sale of some sort - this has always been the case, even when the shareprice was at 14p. The team have virtually communicated this also and I'm comfortable with this. The reason being BKX is (and always has been in my view) the "go-to-market" strategy and will generate cashflow much sooner than Beutong ever would/could. BKX is also more manageable within Asiamet's current capabilities and better understood as a deposit (BFS now in hand). The problem is that the team have been working for months now on these value enhancements to boost the economics of BKX but nothing has been achieved yet, or if it has, not communicated. This is what I find unacceptable. I welcome the consultants who worked on the BFS buying into the story here as well as director buys (regardless of the size of purchase), there's clearly huge value in what we have here. Unlocking it now for me is the problem, I think some additional dilution is inevitable, but we're not anywhere close to catastrophic levels yet as some here have been insinuating. Another 6 months of the copper price remaining at current levels (or for clarity, below 3$) will warrant a self-reassessment, especially if nothing material has been delivered in this period of time that would naturally offset value during this period. Case in point; have they even got the permit from government to drill any of the BKX targets as promised yet? Yes this is an external factor, but it's pretty critical in restoring share price value in my view. If not, what else are they currently working on? Logistically improvements - tick. But what else has been happening since that announcement? (shrugs). Fortunately I take a long-term view on these things. I still have no doubts in my mind that my highest price paid - 9.9p will see profit in the coming years. The assets are going nowhere and I firmly believe in copper fundamentals over the next 10+ year period. I don't believe in selling out when things get tough and overall company fundamentals haven't changed. Despite the team under performing, to me there is no evidence that commitments elsewhere or personnel leaving (Steve Hughes) has had any correlation to the share price. There is clear evidence however, that the copper price has a correlation to the share price. I just didn't think this period of 'under performance' would be so sustained as it has been despite the latter, but this is explained through both the copper price and the lack of newsflow over the last few months since the BFS was published. Just a long-term holder saying what I currently see. All IMO. DYOR.
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.
dorset64: Mount Teide, and to quantify your post further in relation to %'s dropped by Asiamet & CAML recent highs in March 2018, Asiamet needs to climb circa 250% to recover to its circa 14p high, whilst and not noted in any of your posts, CAML needs to recover over 100% to get back to its March 2018 highs. Given the above collapse of both ARS & CAML's share prices over the past 18 months, you are likely to be correct in that Ars's price has dropped more and this can be attributed to late RNS' & missed targets, but what you don't go on to explain is that CAML has also lost over 50% of its share price within the same timescales. The wider Trump/China/Recession fears have contributed to both and when looking at the above and if I were to choose one to invest in right now, if not owning any previous shares in either,I would invest in Asiamet over CAML simply nothing other than ARS has had a sharper fall, in fact overdone imo and has far more to gain parity to its share price of 18 months ago. As for Solgold, right now I would personally steer clear of it as the share price looks like it wants to crash even more yet but again, thats just imo.
glenalmond: Https:// "The industrial metal has a very bright future" If you’re an investor in copper, you would have had a tough time in the past decade. The price of the metal has almost halved compared to a decade ago, and some people think the price won’t pick up soon thanks to a dodgy global environment. It begs the question why you would bother investing in it. Read on and we’ll explain why. Copper is used in practically everything – wiring, transport, construction, the power grid, etc. It is seen as a bellwether for the global economy. That’s why the price is currently down, as investors are nervous about the world given the US is picking fights with China and Iran, and many economies across the globe aren’t developing as well or as quickly as people thought. It’s also why gold has rocketed to a six-year high, with worried investors – central banks among them – looking to stockpile the precious metal in case things take a turn for the worse. A growing number of experts who track the metals space say you should forget the gloom, because the fundamentals underpinning copper are strong and its price is set for a big increase over the long-term, regardless of what happens in the latest ding dong between various international heavyweights. One of these experts is Olivia Markham, co-portfolio manager at BlackRock World Mining Trust (BRWM), which invests in several copper-producing miners and has a 20% allocation to pure-play copper stocks in its portfolio. Markham believes there is a big ‘disconnect’ between the current price of copper and its underlying value, which is driven by the fact that copper is at its largest net short position in 13 years. That means more investors (mostly hedge funds) are betting that the price of copper will fall than it will go up. In the copper futures market, where buyers and sellers agree on a price to buy copper at a set time in the future, there has been a net short position of 46,000 contracts. ‘It’s a reflection of people’s negative view on global growth, global demand, the US China trade tensions, etc,’ she explains. ‘Of all the commodities, copper tracks much closer to global growth and investor sentiment, unlike iron ore for example which tracks closer to its true supply and demand fundamentals.’ When it comes to copper supply and demand, while there is a small surplus in supply at the moment, this is expected to fall into a deficit later this year, with the deficit expected to continue getting wider as demand grows. Sandfire Resources, an Australian mining firm which recently agreed to buy UK-listed copper miner MOD Resources (MOD), forecasts the copper deficit to hit 4.8m tonnes by 2028. Around 23.6m tonnes of copper was used worldwide last year, and in 10 years’ time demand is forecast to increase to 29.8m tonnes. Sandfire’s figure is based on the copper available from current mines and contributions from old ones which are brought back into operation. To meet demand new mines are needed from greenfield sites, i.e. sites which haven’t been mined before. These are a lot more risky for miners to develop and can be very expensive. Part of the reason for the probable lack of adequate supply going forward is down to the fact it’s simply not economical for most miners to develop new projects. Markham says: ‘It’s become harder to find new copper deposits. The ones that are there are lower grade, and in difficult jurisdictions. ‘Expect the copper supply longer term to be in deficit. And demand continues to grow at a rate of around 1% to 2% of GDP. It comes down to the whole story around electrification – demand for electric vehicles, electronics and upgrading the grid infrastructure.’ Nitesh Shah, a research director at exchange-traded fund (ETF) provider WisdomTree, believes the latter point – upgrading the grid infrastructure – is the key factor that will drive copper demand. ‘Wiring is a very big thing,’ he says. ‘The grid infrastructure in all these developed countries needs upgrading, and then you’ve got all the developing countries, and cities becoming major cities for the first time, which all need to build and improve their grid infrastructure. ‘All of that requires copper wiring, so that demand is not going away any time soon.’ In addition, electric vehicles are expected to be a big boon for copper, with anywhere between 40 kilogrammes (kg) to 90 kg required for electric cars, and a whopping 370 kg needed for an electric bus according to the Copper Alliance. There were 5m electric vehicles on the road last year. The International Energy Agency has forecast this number to reach 130m by 2030. ‘That’s an exponential increase in 12 years,’ says Shah, who adds that for all such expansion in electric vehicles on the road to take place, 1.8m tonnes of copper will be needed. Right now, there’s around 200,000 tonnes going into such vehicles. While copper investors will be rubbing their hands with glee, it won’t be good news for Tesla. When the electric carmaker moaned in May about how it foresees a shortage in key materials for its cars – copper being one of them – the share price of copper-producing miners jumped, including Anglo American (AAL) and Antofagasta (ANTO). More comments from car manufacturers about such shortages could also help the copper price, and that of shares in copper miners, to keep rising. CHINA IS KEY Key to the rise in copper demand will be China, which will be at the forefront of world demand because as it gets wealthier people will, naturally, want more of everything. And practically so many things feature copper. According to analysts at BCS Global Markets, last year China accounted for 50% of the world’s entire copper usage. A decade earlier the figure was 29%. ‘Everything depends on China,’ says BCS analyst Oleg Petropavlovskiy. ‘If the Chinese economy is doing well, the copper price will go up. But if there’s weak economic data from China, then we’ll see another decline in copper prices.’ While the growth of China’s middle class is a story expected to continue for decades, and which some say is ultimately the key to copper’s long-term price growth, Petropavlovskiy suggests not getting too carried away with copper prices and shortages, and foresees supply to keep growing, albeit at a low rate. ‘We’ve been told copper deposits are getting smaller and copper grades are falling. I’ve heard this for 11 years. But in my experience, it has not been happening,’ he says. ‘[Copper] supply will be growing by 2% to 3% in the next few years, but if consumption in China falls, then the price of copper will go down.’ As Petropavlovskiy intimates it’s important to note that this isn’t the first time people have got excited by copper. The metal was meant to do well under Trump, especially after he vowed as a presidential candidate to spend $1trn on infrastructure. As is the case with any election anywhere in the world, beware of candidates’ promises. That was in 2016, and now two and a half years into his presidency, the US Congress is still debating whether or not to authorise such a plan, let alone start building. Many in the copper industry waited eagerly for the metal’s price to rise after Trump got elected. Roughly 900 days later, and the price is now lower. But this current wave of excitement among some investors is different given economic trends are pointing to a long-term upswing in copper’s price, and those who watch this commodity all agree the fundamentals are sound. If you buy this argument, then how can you invest in the theme? There aren’t many copper-related investment fund or trust options out there, and the ones that are available either have poor performance or only have a small exposure to copper in their portfolios. A better option could be to invest in copper miners. These businesses can benefit from an increase in copper prices with the added bonus of further gains if they make operational progress. However, you are also exposed to geopolitical, financial and operational risks.
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.... :-)
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