The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
A mountain is symbolic of the heart
A commercial venture like no other. Love it and proud to be a shareholder.
https://www.youtube.com/watch?v=v2piQck1z9E
..Airborne data confirmed no less than than 38 porphyry-style magnetic/radiometric anomalies in the COW area. At the same time a structural analysis of the COW block was undertaken using aerial photos, landsat ETM+ and radarset. It showed a good correlation between targets identified by geological and structural analysis studies... T.M.van Leeuwen -25 yrs more of mineral exploration + discovery in Indonesia 1993-2017
For any savvy investors Selling out now would be of concern and utterly unthinkable.
As far as I am concerned a miserly few P for my shares in what will one day soon to be revealed as the discovery of the century is just plain ridiculous.
Up or down things never stay the same. We live in a constantly changing world.
If a September 11 changed a lot of things the covid19 promise even greater change.
A Paradigm shift even?
Is it Possible that society overvalued individual survival of the fittest on the Darwin model ? Striving for self excellence at the expense of group happiness.
Is 'nt there always a point when More for me means less for somebody else and as the saying goes Happiness is not secured by wealth.
Be happy and safe.
It is not specific to one person or country unfortunately, so I am certainly not into anyone-bashing but the eagerness of some to dispose of their asset to the highest offer is not always the wisest of choice.
The relentless pursuit of higher financial return lead the all of us to become careless . Take the current health crisis. Why do you think the covid19 has taken such a devastating grip on the world and will lead to the ruin of the lot of its population? BTW How is it that Germany started to prepare for a pandemic outbreak all the way back in October? I suggest we start looking at who and why people are put in place of high authority . Trump is pointing the finger in the right direction but maybe the US should have done a better DD on the head of that organisation.
Mansur once said that mining wealth is new wealth so lets keep it truly beneficial for us and generations to come.
I apologise if you find this post out of context or offensive. Peace.
80 to 120 Mil for KSK is laughable or for someone who has not even an inkling of what kind of wealth is buried on the KSK concession. If Tony has the mettle this is his once in 10 life times chance to have his name carved in gold "LIT AF"
If ARS is to remain incorporated then wiser to Sell Beutong and keep KSK .
Before the pioneer geologist went in , the area was not considered auspicious to exploration and yet wherever they dip their pan or scratched the earth they found mineral evidence . In fact it was declared a newly discovered porphyry province. We have been concentrating on BKM (beruang Kanan prospect) since 1989 for 3 main reasons : ease of access to the prospect, to the mineral resource and its small size . BKM has started to be proven to be exactly what was predicted in the early days (about 100 Mil ton contain Cu) and the ideal starting project. It has been and will continue to be arduous , no matter who take charge. It comes with the territory. However ; how this wealth will be distributed need taking serious consideration. IMHO success depends on it. Maybe this is why we have seen nothing yet.
Happy Easter and be safe.
With what Tony knows : Giving up KSK ? Hard to see as firstly as an investor he be just about only breaking even and secondo as a miner who would not want to be there when the other concession prospects starts to show their true colors ? Permits and occupancy showed green light all the way oblige.
I feel for Tony. He does not know how to convince people no matter what even when he keeps digging out from his own pocket trying to prove for all to see that he himself has an iron clad belief in KSK faboulous potential. So do I by the way and a lot of others like Faldi for example.
There has been 4 J/V in the past. 3 contracted to majors loaded with experts and cash. Each one for a different reason lead to dead end. Now what good does Tony think it will do to ARS by signing a partnership with a commodity trader in the cusp of a incoming major economic upheaval? I do not follow.
Tony should know by now and so ought to all the new large holders that it is not the size of the balance sheet but about access to the resource that lead to success. That the capital of the company should be so or so guided by the size of the mineral wealth is irrelevant if we don' t have access. And we don't have access now and in fact we never had, ever. Time and time again the company faced an obstacle of one sort or another and the road to the resource has been continually obstructed. I named them here many times before just like I mentioned a month or two ago that the virus was the last one of a long list.
Now I don't pretend to have the solution , far from it, but imho we all need to think about what needs to be done to
gain that access. Does then the success depends on the opening and thus the key to these riches lay in the way its wealth is going to be equitably shared amongst all stake holders .
I could be totally wrong but if anyone else has a more appropriate answer about how to overcome the constant impediments I like to hear it.
Keep safe and healthy
I know I am not very bright but how can anyone be pleased by such transaction ? A Complete nonsense and totally disrespectful IMV . Some $75 odd Mil$ of investment has been spend so far just on KSK alone and who knows how much on Beutong and someone is proud to sell 20% for less than 4 while in a middle of an economic hurricane like the world has never seen to top it up!
Please Just call me plain stupid, that will help me feel better :=)
??
Lets not kid ourselves. The world is not going thru just a daunting health crisis but also is facing an even greater challenge.
i.e An unprecedented financial upheaval.
All that remain for now is to be safe and healthy. Good luck to us all, family and friends.
We have been waiting for a long time but in my view signing a deal in these unprecedented times is probably reckless.
It is clear to see where the whole world is heading and it is not going to be pretty. Better seat out that one and
wait Post covid when our assets will become far more valuable than they are worth today. Why give it away now for what
will seems by then a mere pittance? Does not add up.
Who can say what the demand for copper will be after covid but one safe bet is that a copper resource wholly owned will be preferable than a truckfull of cash.
IMHO ABSOLUTLY Nothing to gain by signing anything now when ominous clouds are gathering and the whole world is looking down the barrel of a unprecedented financial debacle.
Keep your powder dry as predators a plenty in times like these.
Multiple times over the last 30 years mgt stopped the clock when faced with adverse conditions. Implementing such measure once again would not be inconsistent and demonstrate once more that we are here really for the long run .
Good luck all with all your other share tradings
The proposed BKM copper development will significantly increase employment of Indonesian nationals and use of local products and services, and the local communities in Central Kalimantan continue to be strongly supportive of the Company and the development of the BKM project.
Focus on the economic development in local communities is the way to go. The Indonesian bureaucracy tend to have
an attitude not what can i do for you but rather one of what can you do for me.
https://www.newsfilecorp.com/release/52880/Carube-Copper-Management-Update
" He seemed to have the utmost confidence in the assets and said that they were too good for a deal not to happen. He was fairly balanced with regarding to timing but reiterated that it was only a matter of time."
It looks like our patience is tested once more. Does it matter if it is because it is election time, a currency crisis, political
upheaval, giant forest fires, interest rate skyrocketing, island racial riots, financial meltdown, commodities pricedown, equities market bubble burst, or mining laws changes to name a few Asiamet had to face them all. So why not coronavirus this time?
The quality of Asiamet'assets are not in question .So is there something which is holding up the development of its resources for the past 2-3 decades? Does Asiamet ought to revise its policies in the view that conditions in the world
in general are deteriorating rapidly? I believe that is where success is waiting.