Ah right “Check RNS list for current plans m8. Not rocket science fella” was infact just more vacuous BS then. |
Go on, perhaps you could tell us why DOID walked away?
And who will fund it instead? |
Check RNS list for current plans m8. Not rocket science fella. |
We’re still left with the question of why our in country biggest shareholder with a stated intention to diversify into green energy backed out of a JV to develop the mine? We were told at the time by the companies proxy mouthpiece @dorset it was entirely because of see through value. The share price was circa 3 times higher at that point.
So what’s the current plan to finance it and what’s DOIDs reason for not getting involved?
It’s just an AIM satire at this point. |
BKM is so going to be a mine it's ridiculous. IMHO!Anyone disagree??? |
Looks like a new guy for the next phase? If there's one company who does things right, and by the book, it's ars. Absolutely splendid company and a tremendous pleasure to hold.All imho!! |
 www.jakartaglobe.idJakarta. Delta Dunia Makmur (IDX: DOID) is set to acquire a metallurgical coal mine in Australia valued at US$455 million (approximately Rp 7.2 trillion). The acquisition agreement was signed on Monday.The acquisition, which will be conducted through its indirect subsidiary Bukit Makmur Internasional (BUMA International), involves the purchase of a 51 percent stake in the Dawson Complex from Peabody Energy Corporation (Peabody) through its subsidiary, Peabody SMC Pty Ltd.Delta Dunia's President Director, Ronald Sutardja, said that this acquisition strengthens the company's position in the global metallurgical coal market, following its earlier acquisition of Atlantic Carbon Group Inc. (ACG). He emphasized that this move is part of Delta Dunia's multi-year strategic plan to diversify into a leading coal services provider and producer."Dawson will support our long-term growth ambitions and reinforce our role as a key player in the industry," said Sutardja in an official statement. "By leveraging the company's expertise, the Dawson Complex will contribute significantly to our expansion in metallurgical coal production."The Dawson Complex, one of Australia's largest metallurgical coal mines, was previously part of Anglo American's Steelmaking Coal portfolio. It was sold to Peabody following a competitive sale process. The acquisition of the Dawson Complex will be funded by Delta Dunia's cash reserves, syndicated bank facilities, and a rehabilitation guarantee facility. The transaction includes an upfront cash payment of S$355 million, with an additional S$100 million to be paid over the four years following the transaction's completion.BUMA International, a subsidiary of Delta Dunia, will acquire a 51 percent stake in the Dawson Complex, located in Bowen Basin, Australia. The acquisition covers several assets, including the Dawson, Dawson South, Dawson South Exploration, and Theodore South joint ventures. Mitsui Resources Pty Ltd. holds the remaining 49 percent of the shares.Sutardja said Dawson's high-volume operations produce premium metallurgical coal for the steelmaking industry and are supported by well-established infrastructure, including coal processing plants, conveyors, and sufficient port and rail capacity. Dawson's long production track record has fostered strong relationships with key markets in Asia, particularly India and Japan.With a production capacity of over 8 million tons per year (Mtpa) and confirmed reserves supporting a projected operational life of over 20 years, Dawson's resource base ensures the mine's life span could extend beyond 50 years. This positions BUMA, a subsidiary of DOID, to become one of the world's leading metallurgical coal producers.The acquisition aligns with DOID's strategy to expand its revenue diversification across commodities and geography. Additionally, the deal strengthens DOID's long-term goal of growing in the metallurgical coal sector. Agreements to ensure the smooth and sustainable operation of the assets have been negotiated.Delta Dunia Group has appointed Macquarie Capital (Australia) Limited as the financial advisor and Corrs Chambers Westgarth as the legal advisor for the transaction. |
DOID just spent $455 million for 51% of what I think is a met coal mine Anglo American are giving upAll imho dyor !! |
I've Literally watched every interview Hegarty has done, one can learn a lot from his words, and without fail he mentions Manini every time!Thick as thieves, right hand man ! Imho!To say he thinks highly of the great Manini is an understatement.....IMHO....dyor all Hegarty's stuff is free on YouTube! |
Owen Hegarty(ex Rio Tinto and Oxiana) and Tony Manini are two of the three executive Directors of EMR Capital:
'A specialist resources private equity manager and operator with over 300 years of combined operational and investment experience. We have owned and successfully operated numerous operations and projects globally over 4 decades'
EMR currently has majority shareholdings in a number of Copper, Gold, Lead and Silver mines and, coal and potash businesses, in Australia, Africa, Indonesia and the US.
Begs the question: Why no interest in Asia Met Resources since Manini commenced 'monetising' the assets nearly 7 long years ago, particularly when EMR could still pick up most of it for little more than a good lunch and a round of golf at Asia Met's Melbourne Country Club headquarters?
Could it be because Owen Hegarty knows a lifestyle company 'lemon' run by a former bag carrier when he sees one?
AIMHO/DYOR |
Over £500k a year to drive the company to yet another all time low McClelland may well be the biggest grifter the market has ever seen. |
What needs to happen between now and Christmas, IMHO, is Darryn needs to get the NPV8 above the Capex.2023 study:NPV8 US $ 162.8 million Capex US $ 235.4 million Something like this would look better, IMHO:NPV8 US $ 185.8 millionCapex US $ 160.4 millionIs this possible???? Numbers mean nothing to me, I prefer words. |
Mr R - lol!
Peter Bird's comedic, self written LinkedIn resume suggests he has a highly selective memory and is a man with a very high opinion of himself, considering the disaster he was as CEO of Asia Met.
'A professional leader with extensive knowledge in relation to the operation, improvement and marketing of listed and unlisted mining companies.
A highly motivated person who is result focused. Well known and highly respected both within the Australian mining industry and the broader equity industries as an honest person with the ability to understand, operate and seek quality outcomes.'
He could go on tour with material like that! |
Bring back Peter Bird! |
Yeah it’s instructive how quiet you (and everyone else to be fair) are with the share around all time lows.
DOID will be happy though, all helps their end game. |
Still missing me then Andrew lol |
I don’t think anyone* even cares much anymore, let alone believes that Asiamet will take this to production.
Anyone else spot the forward plan stops at Q1 next year. When will the banks given their funding decision? Where’s the rest of the cash coming from?
*apart from Dorset, he’s probably got some bullish inside info direct from the company via Telegram :) |
Who cares about 7 years ago lol personally I'm a buyer at these levels, not investment advice tho please DYOR!! |
I honestly think Manini is gonna make you lot look like a bunch of absolute weapons, buffoons if you like. I've got a sneaky feeling he will emerge victorious, rise from the ashes and have the last laugh!His masterstroke, IMHO, was appointing Mclelland a few years back!All IMHO...dyor! |
Furthermore, im not pretending that Prosys have been appointed to help build a mine that's actually being built, because I'm fully aware that Asiamet haven't started building a mine yet.But if in the future Rexline and BGRIMM build Asiamet a mine with Prosys project managing it, I will come back to this and demand a full, frank and sincere something roughly equating to sort of an apology!Imho dyor! |
Apparently they are developing a detailed manpower schedule utilising a 100% Indonesian team, and ECPM cost estimate.Do you think it's better to get the funding first and then scramble around for a Rexline, a BGRIMM, a project manager. Or put the foundations in place first?Obviously the banks want to see everything in place first m8! |
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