View From The City: Will Asiamet be an obvious take-out target if the copper market turns? (ARS)

By Richard Mason

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With one of its key copper assets approaching an investment decision and the development of its tier one Beutong project on the horizon, there is speculation in the City that Asiamet might be an attractive takeover target. Read our special report

Indonesia-focused resources business Asiamet (LSE:ARS) has enjoyed a strong start to the year, with its shares rising from 4.2p to their current 6.4p. This gives the company a market cap of £59m. With one of its key copper assets approaching an investment decision and the development of its tier one Beutong project on the horizon, there is speculation in the City that Asiamet might be an attractive takeover target.

The view is that the prospectivity of Asiamet’s portfolio might place it far ahead of its peers in the event that the next copper bull-run forces major resource players to make a scramble for supply of the red metal. Here, we take a look at the company and the prospects it offers.

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Topics:
Copper

Author: Richard Mason

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.