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Why have they changed there adviser this late into becoming a producer, hopefully not funding, DOID haven’t yet taken their next $5million or their places on the Board, results end June due, worrying share price not moving, very little trading, always many in the know, of what's going on behind scenes reflected in share price, good c copper moving higher on some better news out of China.
Strand Hanson Ltd appointed Nominated and Financial Adviser. The same company appointed by Edenville Energy which has just changed its name to Shuka Minerals (SKA).
(Irrelevant but "not a lot people know that.")
:-)))
Nearly 4 months since release of FS and still no closer too getting this into production, unlikely now copper going higher 4 some time, china's economy in trouble biggest consumer of copper, plenty news flow on lot fronts, make or break. GLA
After a 3 year hiatus 121 Mining Investment is back for the second time this year on 9/10th October, connecting 30+ junior miners with top miners and Investment leaders from the region including China. Asiamet attended in March.
Teck different league value wise, but yes asiamet primed 4 some1 come in buy all outright, just very cautious they can raise finance on there own with doid biggest shareholders with out lot dilution, only my view
Literally every big company from bhp, teck to rio is talking about the increasing need for copper and matching their talk with increased investment in copper projects. meanwhile copper is trading closer to all time high than it is to all time low or the midpoint. and copper productions is getting hit by lower grades, disruptions eg. 13 year drought in chile(produces near 29% of all copper produced) and huge new demand coming from government supported green schemes in all over the world plus the expected increasing living standards should see copper prices balloon upwards with multi year low inventory levels. isnt glencore's bid for teck indicative of a bullish story for copper in your opinion!? or is everything worse and its doom and gloom
Followed this company on off 5 + years when touched 10p now 1.2p market cap 25 million, in now a very difficult climate too what it was then, different valuations, timing everything,
Constant drip feed sells back too where we were
Just sell whole project, wrong time try get finance on its own, copper unlikely recover anytime soon, this project only aprox 10 year mine life.let some1 take it on who can move project into finance quicker and develop orher projects, beutong needs more time lot money drilling ect, at least 5 years away ,quite clearly markets not buying TM story, news flow coming next month, fingers crossed 4 some real positive news, or JV
I take that back about far east gold..its actually quite decent. i was just swamped with some other pile..sorry . not sure which one has the jorc compliant mre? but it is cruel how the market values their hills as equal to our economically proven reserves. its like where i would expect asiamet to be valued without having defined and proven bkm's value or done any drilling on ksk or beutong except some prospecting activities or sampling !?
nice find interestingly far east gold trades at near enough where we trade at, at 30mil with having secured rights to acquire, explore, develop and develop six 'advanced' projects- (i wonder what their definition of advanced is!?) and one with a jorc resource. some of the junior mining companies are hard to understand. like is anyone visiting their website who is not an investor??. if not then why make the website so shiny and full of glamour instead of just going down to business..**** its annoying
Eurasian Resources Group (ERG) has purchased US$4M of a US$6.9M placing and subscription in Far East Gold (ASX:FEG).
Far East holds the Trenggalek copper-gold project in East Java, of particular interest to ERG, who has been granted 'first right of refusal' should the project come up for-sale.
Insignificant news this may seem, but ERG are a global mining giant and one of the world's top 3 cobalt producers and the world's largest producer of ferrochrome with annual revenues of US$8.5Bn, around twice the size of Newcrest for comparison.
Their interests lie in Kazakhstan, Africa and Brazil but this appears to be their first venture into Indonesia.
Thanks for the lead bs.
We do not have deep pockets . At a million + bucks per hole Hate to think of the gamble when you consider that we went from 40 million to 2 billion + shares exploring a near surface deposit. Lets Stick to the original plan. Develop Beruang Kanan (BKM+) prospects as the first cab of the rank and take it from there. Once we are in profit move on next to one of the other 30+ prospects already identified on the KSK concession. There is plenty to come . No need to jeopardise unecessarily our position .
The risk-reward profile on a successful 2000m hole at Beutong, far outweigh the costs involved in drilling.
I meant the horrendously expensive 2000m deep holes needed to test the Beutong resource
When it comes to electric power, copper’s essential role is unmatched. From the very first flicker of electric lights, to the rise of the digital age, to the transition to new power sources and the proliferation of electric vehicles, copper remains crucial.
Sprott Energy Transition
https://t.co/SddeSzU57b
Think ksk needs more than 2000m drilling.? BKM with reserves does not need drilling but even BKZ still needs further drilling to delineate the resource. as far as i know its still open from multiple directions. not to mention any of the other assets where only soil sampling has been done and some aerial surveys. I agree though biggest rewards reaped when we hold on to to the biggest piece of the pie.
For anyone interested a very informative paper by Bardolf, who has worked very closely with the Company for long time.
https://www.academia.edu/8440569/The_Mismatch_between_Mineral_Exploration_and_Community_Engagement_Some_Ethical_Questions?email_work_card=thumbnail
This is why I do not share the view of people who want to sell KSK. Firstly KSK unlike Beutong does not need 2000m drill and if we build up on close relations with the locals , as KLG initiated, should see access risks minimized . Beutong has already experienced protests. We should not lose sight also that soon Kalimantan will become a focal point of interest as it will host the new capital of Indonesia. The whole island will probably start booming in all directions with mass immigration from an over populated Java . We were there first. Let us not sell ourselves cheaply so that someone else reap the benefits.
As a general overview this statement is correct. However, Asiamet is in an advantageous position to benefit from this situation. It has two projects, one with a substantial (world class?) JORC compliant resource and the other is 'shovel ready' as they say having a completed and up to date BFS.
Jurisdiction improves by the day with Indonesian aspirations to become a global economic leader focused on mining and the green energy transition. Ideally located in south-east Asia and China consuming 50% of the world's copper at the last count.
That last paragraph is important :
A primary focus on financing presumes that the projects are ready and waiting. The reality is that the industry’s collective set of development options is modest by comparison with prior decades, with the well–known lack of discoveries, the depth and complexity of what has been found, and the lengthening catalogue of above ground risks and regulatory hurdles that confront project developers all add to the challenges of bringing additional copper to end–users in a timely fashion. Technological progress can help at the margin to improve the productivity of existing operations, but the binding geological realities feel like the stronger force for this decade at least.
In closing for this chapter, we reiterate our view that the price setting marginal tonne a decade hence will come from either a lower grade brownfield expansion in a mature jurisdiction, or a higher grade greenfield in a higher risk and/or emerging jurisdiction. None of these sources of metal are likely to come cheaply, easily – or, unfortunately, promptly.
Big companies doing the work and we get it for free
https://www.bhp.com/news/prospects/2023/08/bhps-economic-and-commodity-outlook.
on their latest annual report they mention spending more than 70% of their medium term capital spend on future facing metals i.e. copper nickel etc...if you look around other smaller companies like AAZ for example you'll find they are looking to become a primary copper producer switching away from gold/silver- AAZ management has done an excellent job of building the company up. meanwhile in south america Chile CODELCO has seen a drop in their copper production due to lower grades and increased costs associated with underground mining. some of their biggest mines like Chuquicamata have been in production since 1905 like
There’s always one sadly
I have to agree with ThePrevin - your posts are probably doing more harm than good. You waffle on - 11,734 posts!
Please stop commenting on ARS!
The empty barrel makes the loudest noise comes to mind.
This board used to be useful for potential investors...
4 u not block me tells me everything, GL only small punt 4 me, was trade on release FS but not work out, and a few more since, followed company 4 last 5 years