Asiamet Resources Share Discussion Threads

[not guilty] 18/2/2024 16:38

Don't confuse him, mate. He's on a roll

[adw198] 18/2/2024 16:13

Ok, so increasing the mineral inventory at BKM wasnt the target, despite the RNS saying exactly that.

[bradshaw980] 18/2/2024 16:11

The material down there is primary not secondary sulphides so it can't be heap leached you melt, so the drilling would be for the second stage of the project ie several years away so it's really not a priority right now !

[adw198] 18/2/2024 16:10

@bradshaw

Could you direct you me to the RNS that gave the update on the BkM drilling update .
The June 2021 RNS spoke of

“Increasing the mineral inventory further de-risks the BKM copper project as part of the financing process through increased mine life, higher annual production and stronger support for the initial capital investment and any future expansion”.

In August 2021 they said
“Chief Geologist Patrick Creenaune aims to significantly expand the copper and polymetallic Mineral Resources at both the BKM and BKZ deposits”

As I say, please direct me to the BKM results

[sos100] 18/2/2024 16:10

MT - I didn't know you had some health issues,hope your fully on the mend🙏ㇿ6;
Following your research on the AT fiasco would have saved many of us a few💸..


share price went as high 7p - never see that level again

[not guilty] 18/2/2024 16:06

They don't need to be drilled as they are only open along strike and at depth, right? Why would you need to? Why would your largest shareholder, a mining services contractor, know anything about drilling? And why would they want to supply equipment and expertise to their own investment? I'm learning a lot from you today

[adw198] 18/2/2024 16:05

@dorset

“due to a person selling all of his aim shares, not just asiamet”

At the risk of being a broken record can I ask YOU where YOU have got this information from?

Is this something else you’re been privately told from a source you won’t disclose?

I sense you’re a decent guy, just with a massive blind spot but as ever I hope you make money here.

[mount teide] 18/2/2024 15:54

D64 - thanks - the prognosis looks a helluva lot brighter thanks to the Nobel Prize winning medical geniuses who successfully developed immunotherapy as a treatment for managing incurable metastatic Melanoma.......owe them a great debt of gratitude!

The 12 month survival rate prior to their groundbreaking work was less then 1%, a death sentence........today, the 5 year survival rate for patients who respond well to the treatment is around 50%, an enormous step forward.

[not guilty] 18/2/2024 15:42

Financial dingbat - you have no idea about anything, not just financing. You say there's no need to drill anything and then you go on to say how prospects are open along strike and at depth! Classic lol!! I can only imagine you seething right now as I point out things that should be staring you in the face, just as I pointed out how FS number 2 would affect the share price. You're an awful trader, a terrible thinker and a pathetic human being to boot!! You do make a world class clown though - Honk Honk!!

[bradshaw980] 18/2/2024 15:34

Anyway groundbreaking stuff Adw198 has just taught us all that funding is a risk for junior mining companies at historic lows. Maybe he should get into rocket science as well as teaching us plebs about global finance and how stuff gets financed in Indonesia.

[bradshaw980] 18/2/2024 15:24

How will we get the money? I don't know m8. Where will we get the money from? I don't know m8. Yeah but we need like 200 million innit so Where will we get it from? Honestly I haven't got a clue m8. OK but how will we get the money? I have no idea m8. OK that's grand but who will lend it to us? Not sure m8. Why would anyone lend us 200 million tho? I don't know m8, maybe they won't. OK if they won't how will we get the money? I'm not sure m8.

Are we there yet?

[sos100] 18/2/2024 15:10

Dorset- your a good guy and you carry on buying and I guess you will breakeven one day but you can forget making substantial profit on this shares......

-------------

"Hopefully the update will drop this week and specifically spell out exactly what's already been completed in the run up to mine construction and exactly what's left to do."

Getting the finance in place would have been helpful -nowhere near this and can't see this ever happening(at least while remaining listed🤔)

[bradshaw980] 18/2/2024 15:09

For reference and clarity when I said maybe you should sell your shares and Foxtrot Oscar you nob, that was not investment advice and was my humble opinion!

As 4 Adw198 the broken record on steroids: I have no idea where funding is coming from or what will happen. What I do know is from reading the technical reports which if you had bothered to read you would know what happened on the last round of BKM extension drilling, specifically on page 15 of NewPro's 2023 FS report: they drilled 4 holes 2 in the Northeast and 2 in the southwest to test for down dip extensions of the mineralization before heading over to the jewellery box aka BKZ. They hit low grade copper but "remains open at depth and along strike and requires further follow up work"

But the BKM heap leach will produce a little over 156.3 thousand tonnes of cathode over its life, no more drilling is required. Not a massive project but a foot in the door and infrastructure in place for the second stage.

All imho DYOR!

[dorset64] 18/2/2024 14:53

MT, good to see you still about fella and, although we very rarely agree on anything, I trust your health is now good & absolutely alive & kicking for a long time to come.

[dorset64] 18/2/2024 14:50

Interesting thoughts on both sides of the argument. Whichever is correct I believe we should be getting an updated and more indepth schedule of what we've achieved, what we've yet to do and, hopefully, how long it will take.Last weeks dip due to a person selling all of his aim shares, not just asiamet, gave us a new low and, on the back of that and if nothing more than my ocd for round numbers, I again bought a fair chuck just for that reason. I'm in for millions of shares already so buying hundreds of thousands more at the latest all time lows will not hurt me and, as I still hold, made sense to me.Hopefully the update will drop this week and specifically spell out exactly what's already been completed in the run up to mine construction and exactly what's left to do.Once it drops that should answer most I'd not all the topics being discussed this week, let's hope it does.

[bradshaw980] 18/2/2024 14:40

What is funny tho is we have an arcm idiot on here talking about a lack of drilling when since 2021 we hit it out the park with thousands of meters of world class data including circa 100m at circa 12 gram gold equivalent, and arcm have put forward since 2021 a 4.3 meters and two one meter assays for a grand total of 5.3 meters of assayed medium grade core! Honestly m8 as MT would say "are you taking that material on tour" ROFLMFAO seriously GTF outta here kiddo

[adw198] 18/2/2024 14:36

When you’ve finished rolling around the floor laughing Bradshaw, perhaps you could tell us how you think we’ll raise $230m and our own funding requirements? Or just restate what you admitted about now knowing about financing? Which for a company seeking financing leave a void in your investment decisions.

[bradshaw980] 18/2/2024 14:29

Where would DOID drill you nob ? BKM has all been measured for the heap leach, there will be lots of copper left behind and it doesn't need any more drilling to deliver the project in the FS its essentially been drilled out. Why would DOID drill a polymetallic projec in BKZ when they've never drilled a polymetallic project before, Asiamet would be better off doing it.

As for the idiot who thinks management have cut a deal with DOID and want the share price as low as possible maybe you should write a novel, a thriller, call it melt, Then sell your shares and Foxtrot Oscar you nob.

All imho DYOR !!

[2lb] 18/2/2024 14:21

Pretty much everyone can now see Manini for what he is.... ...

[adw198] 18/2/2024 14:10

In November 2021 we were told

“DOID through its strong financing capability and relationships (especially in debt and project finance) will assist the Company in delivering a project financing solution that will ensure the project is fully financed through to production”.

27 months later we’ve apparently not even “applied”; for bank financing and have reported a single indicative term sheet for offtake. And instead of the $50m contribution for 51% of KSK they’ve instead managed to bag another 15% of the whole company for $7m. And this is all after apparently amazing drilling results as BKZ - not that they could be quantified. What we do know is the BKM drilling led to nothing they felt worth of a market update. Weird one that!

Meanwhile the Sleeping Giant of Asiamet aka Beutong appears to have gone from a powernap to a coma. Nothing at all to do with several thousand people protesting there in 2019 though. :)

Does anyone still believe the story here and if so could you let me know what it is?
As far I as I can follow, it’s to borrow an unsecured $130m from a banking syndicate, fund (some of?) the rest from off takers - all whilst copper is on a sustained run below the metrics used in the revised FS. Which as I’ve tried to explain is considerably less attractive than the previous FS that didn’t get anywhere near being financed.

It’s a comic book story at this stage!

[mount teide] 18/2/2024 13:53

The one abiding memory, from a rich smorgasbord of material, many will probably always retain of the amazingly thick skinned Manini, is the breathtakingly insincere market presentation, where he cheerfully described the industrial scale capital destruction 'deal' he made with a 'carefully' selected strategic partner, the internationally renowned scam artists at AEturnum Energy, as a mere "hick-up!"

That the share-price has since dropped 90% speaks volumes about his completely shot market credibility.

Manini has trousered lavish Directors Fees and Expenses for a decade, in return for burning through £50m of shareholders funds and delivering a 50% drop in the share-price, before inflation adjustment. Nice work if you can get it !

[2lb] 18/2/2024 11:21

That is exactly the plan being played out in plain sight ably assisted by the management on separate incentive plans in my view. DOID want the price as low as possible , management want the price as low as possible , shareholders are nothing more then an irritation these days having served their purpose in being bled dry to get everything to this point.