Asiamet Resources Share Discussion Threads

[rainyrain] 04/4/2024 11:06

I have never said they are close to funding. I've been blessed with patience, fella, unlike you! Is this risky? You bet.

Let's break this down and say permit and funding by October, imho! That's if they don't get taken out, or indeed if something catastrophic happens and everyone goes to zero. LoL. Imho DYOR.

[adw198] 04/4/2024 10:52

“Maybe the credit committee did meet and said you're not ready yet do this and that. Maybe they haven't been in front of the committee yet”.

Yep I think the truth is somewhere in the middle of that. Not anywhere remotely close to funding. But I know you don’t like to hear that.

[rainyrain] 04/4/2024 10:44

I imagine MT is doing some kind of mad rain dance connected to the copper price, as every tick up is literally tens of millions on our JORC resources. LOL!

[mount teide] 04/4/2024 10:29

If you want a long term career running quoted companies, its not a good idea to get a reputation for looking after number one at shareholders expense, or failing to deliver on just about EVERY operational and financial development you've given the market for 5 years, or getting publicly hoodwinked by a gang of SE Asian criminals, or crashing the share price by 96.5% after announcing you were going to monetise the assets for shareholders....

....as the market is very likely to take the view, as at ARS, that as a disingenuous, out of his depth, unapologetic charlatan, a quoted company would be uninvestible under your 'leadership', and price the equity accordingly,

AIMHO/DYOR

[rainyrain] 04/4/2024 10:27

Look out, Mr Copper is going to nosedive back to 1999 levels of 63 cents l/b is back!

[bsg] 04/4/2024 10:09

We all look after no. 1.

[mount teide] 04/4/2024 10:03

Manini has a long history of looking after number one - himself!

Following Manini's near year long 'negotiations' with his strategic partner, the international criminal gang more commonly known as Aeturnum Energy, who the market was told he carefully selected after exhaustive due diligence(lol!).....with breathtaking arrogance and without a hint of irony, he cheerfully revealed to his shareholders that post completion of the Aeturnum's KSK $500m Indonesian Stock Market IPO listing, it had been agreed that he would be retained as a consultant to the criminal gang.

To say he was completely hoodwinked by the long con artists at Aeturnum was an understatement - absolutely incredible that they were allowed to become Asia Mets largest shareholder and negotiate a 'deal' without any proper due diligence, as part of their scam.....that cost shareholders a near 4 fold dilution of their holdings - for which he is still yet to apologise, never mind resign.

Since the Aeturnum debacle the market has clearly decided ARS is toxic under Manini's 'leadership' and should not be touched with a bargepole if he is still at the helm by crashing the share-price by a further 91%.

AIMHO/DYOR

[rainyrain] 04/4/2024 09:54

I'm not defending anyone. Maybe I'm defending common sense and logic, so lock me up!

Maybe the credit committee did meet and said you're not ready yet do this and that. Maybe they haven't been in front of the committee yet.

It does appear the bank want them to formally appoint all the building contractors first and get them in early to do multiple jobs. Maybe that's a cost overrun and cost control thing.

A big announcement will be the group who comes in to do the earthworks and the first 5 years of the contract mining? Obviously they've got the processing plant sorted plus the accommodation, warehouses and offices etc.

All imho!

[adw198] 04/4/2024 09:42

Ok, so let’s assume the definition you’ve offered is the one he meant. He thought we’d have initial credit committee approvals pretty shortly from last June. Given its now April and they’ve stopped talking about the banking piece having missed every timeframe, it seems 2lb was correct to say TM (and his mini me mouthpiece DM) were lying or incompetent/ clueless.

Yet here you are day after day defending them.

[rainyrain] 04/4/2024 09:23

Define "appointed" in this context? They have certainly "engaged" with a lead bank, but I suppose the bank will be formally "appointed" if and when they pass the initial credit committee approval!

Now I've heard of change of control bonuses for management, which can screw over shareholders, but isn't that supposed to be in the small print?

[2lb] 04/4/2024 08:58

It's just the most logical conclusion. It would all be perfectly legal and the line to shareholders would be the same huff and bluff about how hard they have tried for years but now feel it would be in shareholders interests.....

All I am saying is that any holdings the management have are an irrelevance because they would be made good as part of any transaction to DOID so shareholders shouldn't let that influence their views.

Nothing sums Manini up more than his very clear statement that a lead bank would be appointed "pretty shortly" in early June last year, ten months ago. He was either out ant out lying or totally incompetent / clueless, take your pick.

[rainyrain] 04/4/2024 08:35

How do you know that? Or did you just pull it from your derriere?

[2lb] 04/4/2024 08:29

Because he'll get a $5m bonus for doing so.

[rainyrain] 04/4/2024 08:28

Hasn't Manini put in circa $2 million of his own cash into Asiamet? Why would he approve a 0.5p sale?

[2lb] 04/4/2024 08:16

It’s been a big mover for years now……sadly all downwards in direct contradiction to copper which is now surging whilst this merely drifts towards a transfer to DOID at 0.5p

[mreasygoing] 03/4/2024 23:06

Copper to $6 later this year. AIM shares will lag the main market copper plays but Asiamet will have its time and it will be a big mover.

[rainyrain] 03/4/2024 22:06

No one's ever attempted to build a copper mine on Kalimantan before. It's not exactly a breeze, a walk in the park is it? Like Tony says, if it was easy everyone would be doing it !

[adw198] 03/4/2024 22:05

A decent % of your posts have been replying to me. But if you don’t even read them no worries - and noted.
Regards to the man in mirror (Bradshaw)

[2lb] 03/4/2024 21:32

Fraud , not fraudster , he's not an out and out crook , he's simply not what he portrays himself as in respect of business ability and achievement , he's a class A coat-tailer who's done very well in that regard but has been utterly found out when trying to do it without the coat tails of others far more capable to ride on.........

[adw198] 03/4/2024 21:09

If there’s anything I’ve said you can factually challenge or even debate as an opinion then go for it.

Although I suspect you’re cut from the same (IP address) cloth as Bradshaw, so won’t deal with the detail.

[rainyrain] 03/4/2024 21:07

How can you call Manini a fraud? That's completely ridiculous, imho.

His main gig is with EMR Capital, where big money gives them money to invest in mining. They do extensive DD on the people involved and wouldn't lend to fraudsters.

[rainyrain] 03/4/2024 21:02

His bio says he has extensive experience in mine start ups and commissioning, as well as operating producing mines.

Correct me if I'm wrong, but with Asiamet, he's working on starting up and commissioning a mine.

Entering the realms of conspiracy theories here.