Member Info for mikebassetts

Glad i reduced my holdings substantially, too much ramping on this forum and no answer to basic questions such as-

How we going to fund the next drilling ?

flying this morning..

more to come over the next few weeks (imo)

crazy spread

Yes fancy words just won't do it anymore.

As an example they decided to place again at 4.25p (and not a massive amount that would last for another year) to an exisitng shareholder while we traded at 6p - this is the same company that not that long ago seemed quite protective of the share price ,and i haven't even mentioned the mess that made them place at 4.25p last year....

If Asipac don't step up and help get some partners or jv on board soon then what was the point of that placing?

I held on because i thought we have too many 'world class' assets to be trading at anything under 10p or £100+mc and management apparently have a good record of getting mines into production and making best use of the resources at hand?

and he still thinks he's done a good job...

There will be some test work on Betong - 150m of beutong surface is oxidised so potential for a heap leach starter operation..
Expected him to talk about some JV partner here but this looks signicant if test results are good. Maybe cashflows from B earlier than anyone thought?

Can't see them diluting below 4.25p so any other cash/funding requirements for BKM now surely has to come via partners?

Agm next week so they may give shareholders more information

http://www.liberum.com/videos/asiamet

like to see some more AT trades smashing 8p..

looks like selling is drying up?

maybe a move back to 9-10p?

chart looks interesting..

if it can move to 18.5p-19p then over 20s looks possible short term - not asking for much when you consider it went over 30p few weeks ago..

Already mentioned the stuff you said so what bit do you disagree with?

You do realise the share traded over 10p last year ,regardless of what anyone says it's not going to be easy to get back to those levels.

Looks like BKM will at best be in production by 2021- big let down from TM 2018 timeframes and they still have to get the finance concluded not just talk about these things(hopefully all at project level- can't dilute at these levels) and then start construction..

Company can't blame the copper market on these bfs numbers which lets face it were dissapointing however it is suppose to take on average over 10 years to bring ccopper projects into production so 2 more years of waiting is not that bad and there's value enhancements of a conservative $35m but potential upside to increase the npv to $250m -figure 4 on the press release on the website. - seems to have been overlooked but the numbers are definitely going to improve.
Just a thought but It's going to cost over $200m to get into production so why not just bid that amount for the whole lot? - Think most of us would be very happy

Probably end up trading sideways for sometime unless they get a partner for Beutong -something which again they've talked about but yet to deliver.

Can't see the point of selling at these levels but disappointing"long term" investment. My fault for not selling when we went over 10p

Another very long term hold!

Does the missed timelines (since ipo) not concern people? Seems to be a continuous pattern here..

I have only a small amount of shares left but can't buy any more until we get some certainty re funding for the next drill, licences and cpr.

https://www.youtube.com/watch?v=VXZkgqkgNHQ

agree - feels like they wasted 8 months and still to deliver some signifcant news on Beutong
and nearly forgot,-still no updates on Bario ,something they talked about in the Nov18 placing.

At the start of 2018 they said it would be a transformational year
18 months later the shareprice has just fallen off a cliff.

Normally a nice thread seems to have attracted the wrong kind of people...

IRR has come down but some folks are deliberately forgetting that this just one of the Assets on the KSK licence..

Exploration of near mine targets proximal (less than 3kms) to the BKM ore body also have the potential to add very significant value by extending mine life beyond 2030. These targets are expected to add heap leachable copper resources to that already defined and create further opportunities for revenue enhancement. The high priority targets to be investigated immediately include:

-- the BKM 'link zone target' between the BKM and BKZ deposits;
-- testing IP geophysical targets approximately 800m to the north-west of BKM;
-- the BKM depth extensions with drilling to follow up IP geophysical targets at depth; and
-- the BK South near surface oxide targets.

but the company has talked about this for sometime

agree there will be SOLG type rise here once they get a partner for Beutong..

surprised there hasn't been any at these levels

Just one year ago BM bought £770k work at 18.5p (now worth 233k) - that is a huge amount but nothing so far from any one at these levels - doesn't help sentiment (as well as lack of sales news)

Did the IRR disappoint with HZM hence the sell off? (ARS had an IRR of nearly 40% on pea)
and the capex for HZM was somewhere $400m..

ARS also have other assets that could provide some cash input and unlock resource value..