Newsflash for the Snoozers - Part 27

Monday, 13th February 2017 12:33 - by Moosh

Asiamet Resources (ARS) - It looks like the market has finally started to re-rate ARS over the last few weeks, and why not? Asiamet has been unwinding its feasibility study for much of the last 9 months and the company continues to be impressed with the drilling results it is getting as part of the study.

The market certainly took notice of the latest drill results released in the week ending 10 February 2017, and that was only for 10 holes! With a further 48 holes to drill there is much to look forward to over the next couple of months, especially if ARS chooses to update the market regularly with continued drilling. The highlights of this campaign will obviously be the feasibility study which has been suggested to be ready in Q1 2017, to be followed shortly by a revised resource statement so for those who like news, there looks to be plenty to come in the short term for investors to get excited by!

I have been a long term holder of ARS and I am certainly happy to wait for the feasibility study to come through – it has been a long time coming! Add ARS to your watchlist if you like what you see after doing your own research.

The Writer's views are their own, not a representation of London South East's. No advice is inferred or given. If you require financial advice, please seek an Independent Financial Adviser.