Asiamet Resources Share Discussion Threads

[adw198] 25/3/2024 13:45

I think it’s a fair and genuine question as to how these things might work in our current position. But fair enough you don’t have an answer and that’s probably why the company themselves don’t articulate the plan either.

[dorset64] 25/3/2024 13:03

Andrew, this is getting petty & pathetic.How about they'll either get debt finance, a JV, a project buy-out or they won't, how's that?

[adw198] 25/3/2024 11:58

Still no answer to how they’ll conceivably fund a mine when they need to chunk away double digit percentages of equity on an annual basis just to keep the lights on.

That’s not hindsight it’s foresight.

[dorset64] 25/3/2024 11:40

There you go, 2nd repost of the same thing today. Its said if we all had hindsight we'd all be millionaires, even yourself.

[adw198] 25/3/2024 10:49

It’s not me who belittles everyone else’s business knowledge mate.

The 3-6 month prediction was the latest in a long line of gullible assertions. I suppose when you can’t even explain the business model you will get things so wrong. Even now you appear theyll be selling Beutong KSK - how on earth will that work with a MCAP of £15m and the largest shareholder clearly wanting to take it production themselves once they’ve snapped it up. Wake up pal, the world doesn’t work like the Telegram lads tell you it does.

You’d honestly do well to read back your own posts to see what you used to think and how completely wrong you’ve got it. For a successful man of the world it’s ridiculous you think a sensible bank would lend this lot $240m when they’ll need another 3 raises just to keep the lights on before production.

[dorset64] 24/3/2024 20:11

As expected, you start talking like a gobby 12 year old school child acting like a keyboard warrior. Given you're never wrong, tell me, why then didn't you sell your shares 12 months or more ago as you keep saying how you knew all along that funding won't be in place by 'x', that lies are pedalled on the telegram group etc etc but yet, you never sold?As I've always said, this will earn me a fortune or it won't, either way I can live with the outcome but given the wider world economics, I'm not selling any shares and will await the outcome.

[adw198] 24/3/2024 19:15

Certainly not missing the nonsense you got from Telegram that you parroted as fact. But glad to see, at long last, some humility that you got this so so wrong.

Absolutely ZERO chance this gets funded this year. So what’s the business plan here, super brain?

[dorset64] 24/3/2024 16:05

Still missing me then bud ?At the time and just like Manini's quote 12 months ago of 'bank name within a few weeks' my guesstimate of finance within 6 months or so was off and I was, on that point, wrong. No problem with that & happy to admit that. What I will say also is that in this week's update they had better go in to more detail regarding both the sale enquiries of BKM/KSK and/or Beutong. Just another 'we are working hard and busy on lots of inbound interest' will not cut it for investors who now need more concrete proof that things are progressing as I believe, and we are all told.

[adw198] 23/3/2024 08:27

So just 4 working days before we find out if Dorsets October prediction of all finance being in place by end of March (at the latest) comes true. Going to be a busy week, as it seems the remaining items are:
- Appoint a lead bank
- Get INITIAL credit committee approvals
- Find a syndicate of other banks who also want to pony up $120m
- Complete whatever the other steps are required beyond INITIAL credit committee approvals
- Sign a binding offtake agreement for the remaining $120m
- Have final permits approved (nobody will lend without a permit)

I must admit, I remain sceptical for some reason. ;)

[mreasygoing] 14/3/2024 23:41

Expect to see copper at $6 this year.

[bsg] 14/3/2024 12:57

I expect we'll have plenty of bull runs until this lot pull their digit out.

[mostyn] 14/3/2024 12:52

Recent headline:

"Copper Breaks Out Of Ten Month Base To Follow Gold Into New Bull Run"

[2lb] 09/3/2024 19:41

Spot on , but they will drag this charade out to the inevitable conclusion whilst pretending alternatives are on the table. The deal bonus payments for this charlatan management will be as eye watering as they will be disgraceful

[adw198] 09/3/2024 09:34

It has to be sold, it’s the only viable way of achieving value. The problem is we all know who the buyer is. Why would DOID sell their 30% to a competitor whilst simultaneously having an objective to diversify into copper? It’s so obvious what’s going on here, it’s just a matter of diluting us step by step whilst we do the pre work and then they’ll come in and rescue us for a pittance and crack on with the mine - because unlike little old us they’ll get a seat at the table with the bank (if they even need the money).

[2lb] 06/3/2024 14:17

With the long awaited and long overdue prospect of an asset or company sale to get this out of the hands of the circus clowns and into the hands of professionals its worth a quick look at the fully diluted share price v MCAP position. Beutong is a globally significant asset (yes, noting the permits etc etc) so is well worth a major making a play at a bargain price.

Just to see what damage these idiots have done with their endless cycle of failure and pitiful dilution we now sit at £15.7m fully diluted for a business the moron chairman still claims is worth "hundreds of millions if not billions"

0.6p £15.7m
0.8p £20.9m
1.0p £26.2m
1.4p £36.6m
1.7p £44.5m
2.0p £52.3m
2.5p £65.4m
2.8p £73.2m
3.0p £78.5m

Still not even close to the NPV of BKM alone.......


With copper banging on the door of $3.90, just 2% shy of the BFS price and with the usual BS about "increased interest" "site visits" "data room" surely even the most incapable of management, and that is what we are dealing with, can not fail to offload this company at multiples of todays price

[mondex] 04/3/2024 07:43

MT. Good to have you back with us again. Hope all goes well with you.

[mreasygoing] 03/3/2024 17:26

I reckon we'll see a significant increase in M&A activity when the mining sector picks up from the lows this summer.

[mcpaulas] 03/3/2024 11:49

The banks are being very cautious as the funding could run out before completion.Look what happened to HZM.

[rainyrain] 02/3/2024 14:56

Management may have inadvertently pulled a blinder here if they can produce into a 2027, 2028, 2029 market.

[mount teide] 02/3/2024 14:12

RR - that's why its takes all views to make a market!

Industrial metal market is probably much nearer the bottom than the top - but betting on it recovering strongly in 2025 is a gamble based on the fundamentals and interest rates falling quicker than central banks are currently guiding.

IMHO/DYOR

[mreasygoing] 02/3/2024 13:02

Metals have bottomed in my view. Mining Sector is at lows.Copper to $5-6 in the coming 12 months in my view.