Guest article from https://valuethemarkets.com
Originally Published 20 May 2019
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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