AsherH
04 Aug 2016
2.5 and away Triple test of 20 day SMA, held well, time to move up?
Simbrad
31 May 2016
VSA published a note this morning, it's on Research Tree... Asiamet Resources (ARS) reports total expenses for the quarter ended March 31 of US$0.69m while raising post quarter end £1.5m (cUS$2.2m) to offset a working capital deficit carried into the current quarter of US$0.15m. In addition, a further US$0.98m has been received from the Indonesian government for refund of VAT. ARS published a robust PEA concerning developing the Beruang Kanan project to a producing copper mine during the quarter.
Simbrad
23 May 2016
Beaufort's note on Asiamet is up on Research Tree, it's accessible for free: "The update mentioned above underpins the considerable potential and quality of the BKM mine. The PEA study results are attractive, indicated by high NPV and IRR. In addition, the study indicated low operating costs, low strip ratio, strong cash flow generation capacity and short payback period. Moreover, further work and exploration in and around the BKM mine would enhance project value. The mine remains open in several directions with presence of targets at Beruang Kanan South (BKS), Beruang Kanan West (BKW) and BKZ polymetallic prospects. These prospects have great potential for additional copper mineralisation, indicated by strong surface and drilling results until date. Asiamet plans to carry out drilling at the targets around the BKM site to expand resource potential. We are buoyed by Asiamet's PEA study results and look forward to further developments. Therefore, we maintain..."
barno99
28 Apr 2016
Over subscribed placing. [link] I were one of the investors who didn't get what they wanted at the placing then the price is now a steal below the placing price ..That's crazy with the prospects going forward..
barno99
28 Apr 2016
The reason the money was raised so easily Asiamet chipperStockMarketWire | Tue, 5th April 2016 - 09:41Asiamet Resources says itis extremely pleased with the results of a preliminary economic assessment on its Beruang Kanan Main copper deposit in Kalimantan, Indonesia.It says results of the PEA study demonstrate excellent potential for developing a robust, low strip ratio, low capital intensity copper project with low operating costs, strong cash flow generation capacity and significant upside potential through further resource growth.PEA base case highlights:- Target annual production of 25,000 tonnes LME grade A (99.999%) copper metal- After-tax Net Present Value of US$204.3 million (10% discount rate)- After-tax Internal Rate of Return of 38.7%- Gross Revenue of US$1.27 billion (US$3.25Ib copper price over Life of Mine- C1 Operating cost of US$1.28 per pound- Initial Capital Cost of US$163.8 million with low capital intensity- 2.4 year payback (After-tax from the start of production)- Robust mine plan derived from Indicated Resources (29%) and Inferred Resources (71%)- Initial 8+ year mine life at a low average strip ratio of 1.23- Significant potential for additional mineralization close to BKMAsiamet considers target production of 25,000 tonnes of copper cathode per year for an initial 8 year LOM to be the most appropriate option for the PEA given the significant exploration potential already identified close to the BKM deposit.Copper mineralisation at BKM remains open in several directions and locally at depth. Adjacent high potential prospects at Beruang Kanan South, Beruang Kanan West and BKZ Polymetallic also represent attractive targets for additional mineralisation as demonstrated by the strong surface and drilling results returned to date e.g. 10m at 2.52% Cu incl. 2m at 7.45% Cu from 19.5m at BKS (16 November 2015).Chief executive Tony Manini said: "Asiamet is extremely pleased with the results of the BKM project PEA. To exceed our expectations on this most important milestone speaks volumes for the quality of the asset and the potential of the BKM deposit. The opportunity to develop a robust, low strip ratio, low capital intensity copper mine with low operating costs at a time when the copper market is forecast to be in supply deficit and a stronger price environment is highly compelling. "The Company considers the PEA base case economics to be highly attractive and is firmly of the view that additional detailed study work and exploration in and around BKM will further enhance the value of the project. The BKM deposit remains open in several directions and the adjacent high potential prospects at BKS, BKW and BKZ represent excellent targets for additional copper mineralisation as demonstrated by the strong surface and drilling results returned to date. Our confidence in delivering this upside has provided strong support for assessing a larger project in the PEA than originally envisaged."At 9:41am: (LON:ARS) Asiamet Resources Limited share price was -0.13p at 3.95p
barno99
28 Apr 2016
Vote of confidence.. What a fabulous vote of confidence in raising money at 3.1p.The company has massive prospects and huge cash inflows as soon as they are up and running. This could easily be 10p within months and the people who bought at 3.1p will be very happy indeed. The track record of the management speaks for itself.. Buy!
hereford bull
26 Apr 2016
tiptv Company interview on tiptv.co.uk 10am this morning ( 26 April )A billion pound company in the making ?
hereford bull
22 Apr 2016
Re: VSA note - Research Tree Placement at 3.1p but I topped up just before the close at 2.99p. Long wait 'till Monday to see what happens next !
profitprodotcom
17 Apr 2016
Worth digesting LSE good post myfirstmillion 170 postsRE: value as a producerFor anyone that hasn't already taken a look at the February presentation pdf on the Asiamet website I highly recommend you do so. Particularly page 21 'rapidly moving up the value curve'.Essentially what this page is doing is comparing us with other junior mining companies both in terms of resource size estimate and price per pound of resource copper in dollars.As of February when this pdf came out we were valued at something like $0.002 per pound of copper. So less than a quarter of a cent per pound of copper. The range value for companies actually producing is from 5 -15 cents and the two highest are 11 and 15 cents respectively. I mention these because as the text states these use the same SX-EW heap leach extraction that we hope to use and are therefore more comparable. Now notice the bar chart above that shows the anount of contained copper by company. Asiamet is second only to Nevada Copper.doing some simple math you can work out the likely valuation or at least a range for once we become a producer which is 2-3 years away. It is staggering. Factor in further resource upgrades for both BK and Beutong, a rising copper price and taking our % holding from 40% to 80% for Beutong and you get get some ridiculously large numbers.This isn't hype. It's all there in black and white and those other companies are actually valued at those metrics.DYOR, accumulate and become very rich imho.
nomnom
05 Apr 2016
Re: Why!! Can someone explain from 40% up to... Some clever people took profits?
SPOKY
05 Apr 2016
Why!! Can someone explain from 40% up to 25% down? Someone is having a laugh the mms must be loving this and making an absolute fortune.The News were better than expected, but nevertheless someone pulled the rug from under our feet and everything comes tumbling down.
hereford bull
05 Apr 2016
Re: Are we going to see 6p today? 6p - well you were half right Spoky !I've held these for a few years and topped up this morning,.. wrong again.However they could be at any price next week. Not much logic about.
SPOKY
05 Apr 2016
Are we going to see 6p today? News out!
SPOKY
01 Apr 2016
SOLG has also reported good copper results Any ideas on which of the two is the better option and may be sitting on the biggest find?Mr Manini, seems to have a far better track record on taking a small company all the way to production, but SOLG may have the biggest find!Now I'm probably comparing apples with pairs as these two companies only thing in common is probably their interest in copper and gold. This could be an example for SOLG to follow and try to bring some of their finds into production, or Mr Manini's new venture/ acquisition.Now that could be interesting!.... the latter would probably be the most interesting
polytechnic
25 Mar 2016
Positive article from Daily Mail [link] CAP MOVERS: Asiamet Resources makes 'progress' at its copper-gold project in Indonesia - causing shares to rocketJohn Harrington, Proactive Investors Published: 03:21 EST, 25 March 2016 | Updated: 06:30 EST, 25 March 2016 Shares in Asiamet Resources were a hit on both sides of the Atlantic after the dual-listed company reported progress with a copper-gold project in Indonesia. Shares have rocketed throughout the week in both London and Toronto. The miner confirmed it was still on track to release the findings of a preliminary economic assessment on the Beruang Kanan main deposit at the company's 100 per cent owned KSK contract of work in Kalimantan near the end of the first quarter.Asiamet also said it was continuing to progress the conversion of its exploration licences to production licences for both the Beutong and Jelai projects with the Indonesian government.The share price rise this month has not gone unnoticed by Asiamet's directors, who confirmed the company was still in talks with various parties about its project portfolio and that 'further announcements in respect of these matters' will be made when appropriate
