SPOKY
24 Mar 2016
About time, we halfway there 5p Bring on the 10p+💰
barno99
19 Mar 2016
Re: Manini is confident,then so am I..... [link] highlight of the conversation.."£44 million a year revenue on a multiple of just 7 x gives a fair market valuation according to Manini and thats without the other projects which have gold and copper in the Billions of pounds to produce..."This is some company and I am confident in the management to produce all the results...The current share price gives a valuation of about £13 million...:-/
barno99
19 Mar 2016
Manini is confident,then so am I..... So, a good quality product produced at low cost.This is going to be absolutely huge with money from day one!!!And why is the cost likely to be low?“Well,” says Manini. “It’s a near-surface deposit. It’s very shallow. From day one of mining we’re straight into copper mineralisation. What’s more, the project is very well located. There are good transport logistics. We’ve got all-weather roads.”There’s additional upside too, at the nearby BKS and BKW deposits, so it’s always possible the project could get still bigger yet.In the immediate term though, all eyes will be on the PEA and on what happens immediately after it’s been released, both in terms of the share price and in terms of Asiamet’s next moves.
barno99
18 Mar 2016
Re: Massive upside when this news comes out ... After all, Manini has done this before. Back in the latter part of the last boom he was one of the team that was instrumental in the sale of Oxiana Resources, which he took from a tiny junior capitalised at less than A$5 mln to a final sale valuation of around A$5.8bn.Having put his money where his mouth is, Manini’s focus now is firmly on delivering a PEA that the market can really buy into.
barno99
18 Mar 2016
Massive upside when this news comes out 10P target From Proactive..Part of that strength no doubt is down to the recent wave of unexpected positivity that has swept through the mining and commodities markets. But in the case of Asiamet it points to something far more meaningful too.At the beginning of March the company updated the market on progress on the preliminary economic assessment currently being conducted on its Beruang Kanan Main (BKM) property in Kalimantan, Indonesia.This is expected to be ready by the end of the quarter, and when delivered will be a significant milestone for the company.“Asiamet has moved from being a pure explorer to being a developer with a lot of exploration upside,” chief executive Tony Manini told Proactive Investors.And it’s that realisation that’s beginning to move the markets. More than 15 mln Asiamet shares changed hands on London’s Aim market on 15th March, one of the biggest daily volume numbers of the past 12 months.And looking back on Asiamet trading patterns, big volumes have almost invariably meant that buyers are coming in, rather than that sellers are bailing out. And on that score, it’s noteworthy that Tony Manini himself has been a significant buyer, having put around A$2 mln of his own money into the company since he joined in late 2014.That’s more than an average annualisedA$1 mln per year, and it may be that that’s another thing that investors are taking note of: at the more junior end of the mining market it’s always useful to know that company directors’ interests are directly aligned with those of shareholders.After all, Manini has done this before. Back in the latter part of the last boom he was one of the team that was instrumental in the sale of Oxiana Resources, which he took from a tiny junior capitalised at less than A$5 mln to a final sale valuation of around A$5.8bn.Having put his money where his mouth is, Manini’s focus now is firmly on delivering a PEA that the market can really buy into.“We’re expecting the NPV and IRR numbers to be very attractive,” he says. “The fundamentals of BKM will make this a very competitive project. We would expect this to be a low cost producer. That has been our premise from day one and everything we’ve seen today supports that.”So far, so good. But what kind of mine does he actually want to build?The plan is to build a project capable of producing 44 mln pounds or 20,000 tonnes of copper per year. The copper would be produced on site via a heap-leach operation.“The target is to produce five nines copper,” says Manini, referring to the grading standards used by the London Metal Exchange – material must be 99.999% copper to qualify.So, a good quality product produced at low cost.And why is the cost likely to be low?“Well,” says Manini. “It’s a near-surface deposit. It’s very shallow. From day one of mining we’re straight into copper mineralisation. What’s more, the project is very well located. There are good transport logistics. We’ve got all-weather roads.”There’s additional upside too, at the nearby BKS and BKW deposits, so it’s always possible the project could get still bigger yet.In the immediate term though, all eyes will be on the PEA and on what happens immediately after it’s been released, both in terms of the share price and in terms of Asiamet’s next moves.In terms of the share price, there’s a reasonable expectation that a re-rating may start to get underway as the market wakes up to the transformation that’s been taking place, and as the company underlines its new status as developer.The newsflow that’s likely to follow the PEA will only emphasise this.“We will look to move straight from the PEA into a feasibility study,” says Manini. Metallurgical work will continue, and some of the longer-lead study items will be initiated.“We’ll start to take the project aggressively through feasibility,” says Manini.It’s that sort of can-do attitude that’s likely to keep bringing the buyers on
SPOKY
18 Mar 2016
This v ukog Hi Ripley94I was also given ukog as a possible 10 bag...Which of the two do you think has more potential?Thanks
bfg
17 Mar 2016
time to push the target up to 4p i think! PEA news still to come and copper price is moving on up! excellent proactive item with Mr Manini yesterday.
SPOKY
16 Mar 2016
Re: Tipped... S.P Hi Ripley94Liked your message, what do you mean my multiples? 10p,20p or pounds....I'm new to this and a friend gave me the name of this share to start my investingAs I had a look at 5 year chart, and we seem to be at the top of the historical priceThanks
profitprodotcom
16 Mar 2016
Re: Wakey wakey! update imminent watch this Copper worth 44m pa to ARSAlso 6nb tonnes copper and 2.5mt goldTalks of PE of 7 on 44m pa AsiaMet Resources Limited expects PEA to show “valuations at many multiples” of current share priceShare 12:30 16 Mar 2016Tony Manini, chief executive of AsiaMet Resources Limited (LON:ARS) says he is “looking to fast trackits BKM project into production”.The copper junior is optimistic a preliminary economic assessment (PEA) on the project in Kalimantan, Indonesia, will demonstrate its viability even at the current low metal price.“Most importantly what we are looking to get from the PEA is really some very strong first up economics on the project,” adding that he expects key financial parameters to be “very attractive”.[link]
Ripley94
05 Mar 2016
Re: Tipped... S.P Placing 6 Nov 2015 @ 0.014 says RNS ?
Ripley94
05 Mar 2016
Tipped... S.P Hot stocks... Robert Tyerman... T. W .not for first time.
bfg
03 Nov 2015
hi bb. uncertainty re:funding is now out of the way. once it has cleared by end of week then hopefully should see some market movement up!
BuyBAO
30 Oct 2015
Private placement at around 1.4p not bad at al
bfg
28 Oct 2015
i think it got 1.575p...can't remember. only last week. brain is half asleep. don't think turning back time last weekend suits me
BuyBAO
28 Oct 2015
Happy holding ARS at 1.5p
