One of the three HotStockRockets tips of the year 2022, Asiamet Resources (ARS) now emphasises “Stunning High Grade Drill Results Expand BKZ” and the shares have responded up to 2.785p, but there looks more to come.
It looks as though Asiamet Resources (ARS) has finally landed the deal for the BKM asset that investors have been patiently waiting for, but so far the market seems unimpressed and the share price is trading lower than it was before the announcement.
Asiamet Resources (ARS) has made a “Strategic Partner Secured for BKM Copper Project”-titled announcement. A good deal with the shares currently at 2.45p?
Asiamet Resources (ARS) has been a very frustrating share to hold and in the past I have been less than impressed with the management, especially when it comes to the Aeturnum debacle at the start of this year.
Asiamet Resources (ARS) has made a drilling update on its KSK Contract of Work in Indonesia including that the “first three drill holes completed (approx. 440 metres) at BKZ have intersected strong visible copper and polymetallic mineralization outside the current Resource envelope”. This sounds good.
I recently wrote a piece on. ShareProphets suggesting that Asiamet Resources (ARS) would be carrying out a placing within the next few weeks.
So far Asiamet Resources (ARS) has been fairly typical of many small AIM resource stocks, in that it has largely failed to live up to expectations and has had to keep raising money at ever-lower prices over a number of years.
It is hard to see why the share price of Jadestone Energy (JSE) has dropped recently as there seems to be little reason for it to have done so, and on that basis it definitely deserves closer attention...
Coro Energy (CORO) was my pick this year during the Dragon’s Den session I was involved in at the UK Investor Show, and I also hold a small position here myself from around the current share price. Like many smaller companies in the oil and gas sector, it is an investment that I class as being speculative, hence not risking huge amounts of money in it at this stage – but there is also a lot of potential upside...
Asiamet Resources (ARS) is one that I have been wrong about in the past, as I wasn’t expecting the share price to drop as low as it has done, but that has been part of a more general trend amongst the AIM resource stocks that aren’t currently generating any revenue.
Andalas Energy (ADL) has undergone a change of management and has also switched its asset focus in an attempt to turn things around from the disaster it has been ever since it changed its name from CEB Resources back in late 2015.
Over the years the one area of growth where Range Resources (RRL) has really excelled has been the number of shares in issue, with 8.5 billion of them now trading following the latest placing. The oil and gas company, which has interests in Trinidad and Indonesia, announced last week that it has completed yet another placing, and this time it raised £1 million at a share price of 0.11p.
When it comes to AIM mining companies, the majority of them will fail dismally and won’t even come close to producing anything or selling on their ‘assets’, but occasionally one does come through which looks like it could really make it. Contrary to popular belief, there are actually a few decent mining outfits listed on AIM – including an old favourite of mine which I have covered here a few times in the past, Central Asia Metals (CAML) – and I believe that if it carries on delivering as it has done up until now, then Asiamet Resources (ARS) could soon join that select club.
Hello Share Scoopers. There's quite a bit of interest these days by we armchair tycoons in mining tiddlers. This is rather surprising, as many of us are still smarting from the beating this sector had over the last five years. Even gold has failed to become much more valuable, even at a time when the world economy has been - and still is - shaky.
Several of the once really popular oil and gas companies seem to have almost have been forgotten by investors, as progress has been far slower than had originally been expected and people have gone off seeking riches elsewhere.
Ophir Energy (OPHR) has made far slower progress than many could have imagined a few years back, but the oil and gas fields which attracted many in the first place are still there, and the chances of them being developed still look very good.
Credit where credit is due. Andalas Energy (ADL) the AIM dog created to fund the lifestyle of Dave "Rule Breaker" Whitby has announced that it has signed a legally binding deal to develop the Jambi-1 30+MW independent gas-fired wellhead power facility in Jambi Province, Indonesia and to procure gas from Pertamina, the global fortune 500 national oil company. Andalas will have a 49% stake in the project and state owned construction outfit PT PP Energy will have 51%. So far so good but hang on Henry!
Copper prices have remained volatile but continue to push higher, and if this continues it will be a very bullish signal for both producers and those looking to bring new projects online.
Looking at the performance of many oil producers over the past few months you could easily be forgiven for thinking that their problems are over and all is rosy within the sector once more.
Since I last covered MP Evans (MPE) in May, there has been no lack of drama on AIM. But if you just wanted to own a decent business, collect a few dividends and sleep somewhat soundly at night, you could have done a lot worse than buying into this company.
This morning saw me reflecting on what may turn out to have been a lost opportunity with Argo (ARGO), an apparent value opportunity which I turned down some months ago. The shares up 25% today after the publication of interim results!
Many of you who put your hard earned money into AIM seem to love a boom-or-bust type of gamble, even when the odds aren’t in your favour!
Yesterday saw the publication of annual results from one of the low-profile but high-quality companies on the market: PZ Cussons (PZC). Underlying results were unexciting but investors were treated to their 43rd consecutive year-on-year dividend increase from this 19th century business. It just goes to show that successful investing can be very, very boring.
Flip flop Ben Turney, Doc Holiday, Zak, they are all at it… talking utter nonsense about CEB Resources (CEB). This stock is a conviction sell at 0.93p and anyone who says otherwise just does not understand the basics of fundamental analysis.
When I heard that CEB Resources (CEB) CEO Dave Whitby was coming to the UK for a meet and greet with investors I thought, “here we go”. As much as I like the story and can see the opportunity in the Indonesian gas market, Whitby’s visit looked like a par for the course placement run. So confident was I that this was just another foreign executive coming over to tap into the seemingly inexhaustible British desire for resource-based pipe dreams, I bet cynically bet Doc Holiday a fiver that the company would place within a month of Whitby leaving. I was wrong. Serve me right for taking on the market mechanics maestro.
The CEB Resources (CEB) story has won over a lot of supporters in the market. This is unsurprising given the five-fold increase in the company’s share price since the start of the year. At 0.75p (last seen) CEB is worth £5.4million, but the question for investors is having put in such a strong performance in the year to date, how much upside is left for the shares?
Indonesia can sometimes present awkward problems for foreign mining companies, but Tony Manini, chief executive officer of Asiamet Resources (ARS), extols the ’excellent opportunities’ now beckoning the AIM-quoted company following encouraging drilling results at its key Beruang Kanan project in Central Kalimantan. Also traded on the Toronto Venture Exchange, Asiamet, which recently changed its name from Kalimantan Gold, says it is targeting an increased resource estimate by the end of the year for Beruang Karang, whose main zone now boasts an inferred resource of 4.7 million tonnes at 0.6% for 621.7 million lbs. of copper.
At long last clear daylight is now shining on Sefton Resources’ (SER) much anticipated deal to bring in a new CEO and asset to the business. Although yet to complete, with hurdles still to overcome, this is genuinely starting to look like a recovery story people can believe in and get behind. That is so long as the various pantomime characters pursuing the company don’t foul things up with their tomfoolery.
Shares in Sefton are drifting today - down to 0.27p - but the company is still capitalised at almost £8 million but is now down to its last £300,000 of cash and as yet has no CEO and no deal. The share price discounts a lot but according to certain bloggers deals are in the bag. Perhaps it is time for Sefton to come clean on 4 critical points:
Indonesia, one of the largest economies in south-east Asia, is rich in minerals and the most populous Muslim country in the world. It has not proved a happy hunting ground for foreign investors of late, as the travails of Bumi (now Asia Resource Minerals) and Churchill Mining can attest. Kalimantan Gold (KRG), floated eight years ago on AIM to tap copper, gold and silver prospects in Kalimantan (Indonesia’s half of the island of Borneo), might appear to be another example, but it is hoping to repair the damage caused by recent setbacks.