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Asiamet Resources – progressing several key workstreams, Buy
Asiamet Resources (ARS) has announced progress on several key workstreams towards significant de-risking milestones.
- By HotStockRockets
- 2021-06-05 14:46:07
Asiamet Resources (ARS) has announced progress on several key workstreams towards significant de-risking milestones.
First it is Peter Brailey: My colleagues Tom Winnifrith and Gary Newman have provided opinion on the investment case of AsiaMet Resources (ARS) for some time. I think it is fair to say both see good potential upside. I remained on the fence watching. But I do see downside on the company’s social media strategy and I do not like it at all. It’s made me get off the fence – I will not invest until the company acts with a moral code I can agree with.
I recently wrote a piece on. ShareProphets suggesting that Asiamet Resources (ARS) would be carrying out a placing within the next few weeks.
Asiamet Resources (ARS) is a company that I’ve been a fan of based upon its assets, which look more attractive than ever at current copper prices, but currently I have some concerns as to where its share price might be heading shorter term.
We tipped Asiamet (ARS) on January 24 at a 2.4p offer price. The shares are now significantly ahead after recent news. What next?...
Updating in May on Asiamet Resources (ARS) we noted that the shares had responded more than 28% higher to around 3.4p, capitalising the company at around £50 million, as - also 19.9% shareholder - Aeturnum Energy had “finalised all due diligence workstreams and intends to enter into negotiations with Asiamet for a partial or full acquisition of the KSK Contract of Work”. Now though “Asiamet Responds to Media Article” on Aeturnum...
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.
In our 2.40p offer price recommendation of Asiamet Resources (ARS) in January, we noted “on-going” corporate partnership discussions, including “there has been a lack of investment in the copper sector over a number of years… causing a constraint in future supply… this is also notably reflected by those the company is currently in strategic discussions with”. Now a “Corporate Update” including the company “has been informed by Aeturnum that it has finalised all due diligence workstreams and intends to enter into negotiations with Asiamet for a partial or full acquisition of the KSK Contract of Work”...