Member Info for chrishutch

Looks like a delayed sell of 8.1 million held it back a little this morning, but the chart looks good and a cross on the MACD

we will hopefully see a move into the .80s soon

https://twitter.com/AntMwah/status/1206296471496208385?s=20

AntMwah
@AntMwah
#NCCL very familiar set-up (including timeframe). The weekly candle is bullish engulfing. You want to see this push up to the top of the wedge & break it (5.50p). Sharp move higher will then follow 8.50-10.50 target.

https://twitter.com/AntMwah/status/1206298321205317634?s=20

AntMwah
@AntMwah
#ARS 1.85-1.50 should be the bottom, seller exhaustion will allow this a good bounce at least to 3.20p, but as I’ve said before gap at 5.60p looks better.

From a Corporate perspective, strategic discussions with respect to partnering continue with highly reputable and interested parties. A number of participants are active in the corporate data room. With on-going discussions, the Company will provide an update when a position is formalised.
The copper market continues to trade sideways as a number of macro factors such as US/China trade negotiations and BREXIT continue to drive uncertainty with respect to global growth. However, we are starting to see global copper inventories fall with restocking across Asia providing some short term support to the copper price. The simple fact remains there has been a lack of investment in the copper sector over a number of years and with the copper consumption market having grown at a steady rate over the last decade, supply from existing projects will not be able to meet future demand causing a constraint in future supply. With a copper dominant portfolio and two projects in different stages of maturity the Company is well placed to take advantage of upcoming shortage in copper supply. This is also notably reflected by those the Company is currently in strategic discussions with.

Company Update



Asiamet Resources Limited ("Asiamet or the "Company") provides the following Company update with respect to its projects following the recent share price movement on 9 December 2019. The Company is not aware of any operational or corporate reason for the large price movement.

From an operational perspective, the Company has had a very active 2019 with a number of milestones being achieved, these include;

· A comprehensive drilling program at the BKM project with some good copper results that further strengthened the Resource;

· Maiden Ore Reserves for the BKM Copper project comprising (JORC Code 2012)

· 21.1Mt @ 0.6% Cu for 137k contained tonnes of copper in the Proved category;

· 30.4Mt @ 0.5% Cu, for 166k contained tonnes of copper in the Probable category; and

· 51.5Mt @ 0.6% Cu, for 303k contained tonnes of copper in the Proved and Probable category

· Delivery of a robust Feasibility Study for the BKM Copper project with the following key metrics

· An initial 9 year life of mine producing 25,000 tonnes of copper cathode per annum;

· Life of mine revenue of $1.27 billion and EBITDA of $563.3 million;

· Post Tax NPV8 of $124.8 million; and

· C1 cash cost of $1.65/lb and AISC of $1.78/lb

· Additional value to be generated through clearly identifiable value enhancements to improve the Feasibility Study by a minimum of $35 million on a risk weighted basis;

· Planned exploration work on four strategic targets in close proximity to the BKM Copper project to further add life through satellite discoveries.

The Company has increased its contained copper metal inventory from 1.37Mt in 2016 to 2.37Mt of contained copper in 2019. This is largely due to the successful exploration programs and its increased equity position from 40 to 80% in the Beutong copper-gold project.

With respect to our licences at the KSK Contract of Work and Beutong IUP projects, both licences are in full compliance and in good standing. The Company is awaiting a drilling permit for further exploration work over the proposed production area to be granted from the Government. This permit is currently with the Government of Indonesia awaiting approval. Once approved the Company will use its own drilling rigs and personnel to drill the four strategic targets identified (refer KSK Exploration Update RNS, 26 November 2019) to generate further upside for the Contact of Work area.

At Beutong, the strategy remains to test the deeper targets and the higher grade copper-gold zones of the porphyry system. Along with this, undertake metallurgical test work to generate development optionality for potential of early staged project construction and development through heap leach or alternative mining and processing methods.

Sorry, Mike not aimed at you.

Play the ball, not the player. If you don't like the way I post then use the filter option.

If I buy into a stock I will post about it, anyway I want

the turn around starts here.

Often people miss these opportunities because they spend too much time wondering why the opportunity is there.

Reliably informed that there is nothing of concern - if anything the current price is a steal.

Clearly, there was a seller and I look forward to confirmation that they are gone. Must be close to done - then we pop.

Looks like it will tick up again - Great to see people noticing the value in the current price

will smash 2p next week!

Mr Daniel Levi (Sinner)
@BrokermanDaniel
·
2h
Now’s the time 2 hoover up a few #RBD #UJO.

Understand this: When the EWT starts the SPs will be substantially higher
#WestNewton is a major onshore oil/gas discovery

On confirmation of oil flowing they’ll kick up at least 100% from where they get 2 on the run up2 1st oil??

Here we go, next week should be even better.

Looks like a move to the blue is coming!

nice bullish candle -----> buckle up cause this is moving up.

another tick up. The smart money clearly coming back into this now.

Looking better. Back into the .8s soon enough!

Then why are you still here? Seems odd to me to not want in and to continue to post. Either way I am happy enough to ride this one up.