Asiamet Resources Takeover Rumours (ARS)

I just read the full report and the Going Concern section to me implies they’ll be another round of DOID dilution because they reference a financing decision is targeted by year end. Given we know how efficient they are around hitting deadlines we can confidently say that won’t be achieved and we’ll need more money by then in any event. When the DOID takeover finally comes I imagine it’ll be a recommended offer with some supporting logic that financing wasn’t viable and this is the best offer etc etc.

2LB TM, in an interview, said something to the effect that if the price remained at the then level(at the time somewhere around 1p) a takeover would be a virtual certainty as Asiamet were very undervalued on any metric. I'm still looking around for the queue of bidders. The market seems oblivious to the "good progress" they are allegedly making.

I recall TM stating in one of his interviews that if the price remained at the current level (then over 1p) he considered a takeover almost a certainty. I believe he also stated they had already received low ball bids. In spite of this I find it hard to believe that in practice a takeover will happen, largely due to the appallingly low share price. Aeturenum were going to float BKM/KSK for $160M (approx 7p+ per share). DOID were going to buy a 51% share in KSK for the equivalent of around 2p per share. This was just KSK. Beutong is much bigger, and the directors have stated both have huge exploration upside. I would think the directors would consider anything less than about 8p per share to be totally unacceptable. With the share price at 0.75p mid, who is going to bid anything near that figure. The key, of course, is what DOID would do. I want it to happen but I just can't see it.