Asiamet Resources Share Discussion Threads

[adw198] 17/4/2024 16:29

I’ve said it’s now enjoyable as the playbook is clear. I also said today’s RNS was more positive, with a caveat that they’re proven liars. And given people are interested in litigation they might want to ask why nobody will dare sue me for making that claim.

[bahamasoil] 17/4/2024 16:21

31072

Im not moaning.

;-} ;-};-}

[adw198] 17/4/2024 16:14

@Dorset

Off the top of my head they bought in at 2.20p, then 1.15p, followed by 0.90p. So I think it’s probable that they are indeed running us down ahead of a cheap takeout.
I reckon most of us would grab at 2p now, whereas we wouldn’t have done back then.

The only question to my mind is whether they take another wave of dilution before making their move.

But to throw the question back at you, what’s YOUR logic as to why they backed away from paying $50m for 51% of 1 asset? But seemingly don’t want to now pay say $100m for the entire company? It’s not like Asiamet have experience of building a copper mine.

If we finance it ourselves I’ll happily acknowledge I was wrong and eat humble pie. All I ask is if DOID take us out you do the same mate.

[adw198] 17/4/2024 15:59

So they wouldn’t want to sell their shares to a bidder then, no?

I’m not moaning. I just gave my analysis with a caveat it might be wrong.

It appears the bull argument is we’re going build it ourselves but ALSO sell it to an interested party. It can’t be both!

[dorset64] 17/4/2024 15:59

ADW following your theory of doid buying out asiamet, if that's the case and with the share price at near all time lows, why haven't they done just that then?If doid then wanted the share price even lower they would had let asiamet run our of money and bought them in a fire sale but no, doid instead pumped in $millions in to Asiamets bank account, to ensure they do keep afloat.Both of the above dispel your argument/reasons for saying what you are.I'm still of the opinion a jv will be formed, or finance for a smaller starter pit along with offtakes will be arranged or, the sale of a single project or ultimately, the whole company will be bought out. None of these currently include Doid buying out the whole company and starting to build a copper heap leach mine, something of which they have zero experience of.

[rainyrain] 17/4/2024 14:49

Do you actually read the RNS releases Adw198? I'm actually convinced you don't bother reading them, imho.

Because if you did you would know the CEO said in his end of year update that DOID are actively assisting the company to deliver the BKM project, and that DOID are very supportive of our strategy to leverage the successful development of this initial heap leach copper mine into building a larger energy transition business in the Asian region.

So rather than trading shares, IMHO, doid want to build a metals focused energy transition business focused on Asia. Just my humble opinion based on actually reading the RNS releases rather than not reading them and simplh moaning for the sake of moaning.

[adw198] 17/4/2024 14:24

Do people think DOID are here just to buy and sell shares for a profit like the rest of us? I’m working on the assumption they want to take this to production themselves. I might be wrong on that but that’s my view and therefore I look the updates through those lens. Hence being dismissive of the doomed attempts to finance it ourselves and similarly sceptical about the constant stream of interested parties / inbound interest. As 2lb mentioned that can mean many things, the key is anyone serious?

Presumably the in country interest would be from DOIDs competitors - another reason I see DOID taking us out as opposed to anyone else. I think that will be for HIGHER than today’s share price which is why I continue to hold. I can think the share price will go up without swallowing the spin.

[rainyrain] 17/4/2024 14:00

What like take them out of the country? I know regarding drill assays there's all sorts of rules you have to follow under the JORC code and you need a QP.

What exactly are you suggesting or insinuating here, Einstein? Are you saying that the person who collected the rock samples may somehow get scammed on the results?

If so you're an Olympic level cretin, in my humble opinion!

[v11slr] 17/4/2024 13:41

If you'd got half an ounce of sense you'd get the samples assayed yourself, not rely on the seller.

[rainyrain] 17/4/2024 13:24

"Grab samples were taken by one of the parties" according to the RNS.

This sounds to me like someone interested walked to the middle of the pit with a rock hammer, chipped off some rock himself and said "assay these for me please bro"

To be fair it's exactly what I would do if I was gonna sign up! You would want to have a gander around and assay some outcrop innit.

All imho DYOR!

[rainyrain] 17/4/2024 13:07

It is a bit strange seeing grab samples pumped circa 5 years after drilling out the deposit.

Although pumping grab samples seems to be the "in thing" on AIM nowadays, with one company in particular releasing the results in the same format as drill assays, imho, so some may think the results are from underground and not the surface LoL.

Anyway it goes to show the high grades at surface here and the potential for top leaching straight off the bat, as long as they get the mets right but then again Bobby Dazzler is a metallurgist so I guess that's handy.

At the risk of boring everyone may I draw your attention to the likes of drill hole BKM 332030 01 which 'started at zero' with regards to the 'from',and quickly got up to 13.7% Cu from only two metres depth.

One of my personal favourites was BKM 32240 01 from 2017 which was 115.5m at 1.01% Cu from two metres with the hole terminating in 2.56% Cu.

All imho DYOR

[dorset64] 17/4/2024 11:04

I did look back at your history of threatening legal action against numerous companies so well done on your one success.

So, if you honestly believe no-one will make an offer for anything, there are no others ‘seriouslyR17; looking at the projects that may or may not result in an offer, then why not sell your shares and invest elsewhere as, if you’re right, the share price can only keep on dropping?

[adw198] 17/4/2024 10:25

I don’t know - as I said I’m not convinced they’ve given an accurate summary. Nor do I know why DOID backed off a deal having conducted 9months due diligence. The company told you it was ONLY because of see through value. Obviously the RNS told us due diligence would complete the deal. That didn’t happen, but I’ve not sued them for that either.

But if taking a few samples is such a trifling matter then presumably none of these allegedly interested parties are anywhere close to an offer. Which is exactly my belief.

[dorset64] 17/4/2024 10:01

So after investing literally tens of $millions in Asiamet, you now think Doid went to site and only now took some samples, really?Even for you, that really is comical!!

[adw198] 17/4/2024 09:34

I’ve taken companies to Court before, but I must admit I’d struggle to sue someone for a misleading RNS based on what did or didn’t happen in Indonesia, that I can’t prove. I do think it’s possible the company in question “might be an international organisation that has in country presence” called DOID.

If you want to believe every word of every RNS then go for it. Served you well so far :)

[dorset64] 17/4/2024 08:40

If DOID were the only company around, then you'll be able to take the directors to court for lying in their rns's saying other companies have visited site and doingtheir own DD.How ridiculous.

[adw198] 17/4/2024 08:34

I’m guessing you’d rather go down the ad hominem route, which will doubtless end in a lecture about your business prowess whilst calling me stupid / childish?

You believe what you want. I still believe DOID are the only show in town.

[dorset64] 17/4/2024 08:31

Im guessing you're perfect day out must be attending funerals yeah?

[dorset64] 17/4/2024 08:17

Just maybe they might be an international organisation that has in country presence and of whom both use the same Indo labs?Or they may be an in country organisation that uses the same labs, who knows but they are obviously deep in conversation and trust.

[dorset64] 17/4/2024 08:11

Take from the RNS what they are telling you, that during DD an organisation visited site and asked for samples taken from their visit, to be tested. From that came these results of above ground metals in two locations ie, they're not just interested in one area, BKM, but possibly the whole site and/or the company in either a jv or dull purchase of the company. Additionally, as there are others doing their own DD, this RNS is more for 'everyone to see' and ultimately, imo, for one of them to hurry up & push the button.Also look at what they are telling you in that their own redesign of the site has leaned towards smaller starter mines so that profits are earned early in the process with a ramp up over time of the whole area. In the background DD still ongoing at Beutong, so hopefully could be an exciting few quarters for shareholders.

[stockhunters] 17/4/2024 08:09

good rns here copper on the up again

[v11slr] 17/4/2024 08:05

Call me a cynical old Hector but why would a potential partner/buyer take samples and then ask ARS to assay them for them? Wouldn't they have their own trusted assay facilities if they were a serious player?

[mcpaulas] 17/4/2024 08:00

No news news again.