Not my interest in geology one should be concerned with, rather Freeport's!!!When they left in 2014 for non geological prospectivity reasons they had 5 porphyry targets they were going for!And they budgeted an extra 14 million on top of the more than 33 million they already spent to vector on on those bad boys before top brass pulled the plug!Freeport wouldn't do that if the geological settings weren't right, these are professionals, the best around!!They were going to drill 24 000 meters into "highly developed targets" !!!!!!Beurang Tengah prospect hit 170m at 0.22% Cu plus 0.14 g/t Au with moly! That is what you call smoke....imagine that was on the edges, what would a drill into the guts produce????!!!Worth listening to Faldi Ismails may 2014 proactive interview where he explains all this.All imho dyor!! |
Of all the AIM companies to call a lifestyle business, you choose Asiamet.Facepalm..... |
“11 technical reports to read on their website....”
I’m not sure shareholder value has been created by these 11 reports.
I appreciate with your own interest in geology they might be exciting but most investors like to make a profit rather than subsidise a lifestyle business
I doubt James Deo will find a role so cushy as his Chief Development Officer role that developed nothing. |
 D64 - for transparency, unlike the overwhelming majority of posters on Advfn I always post whenever I've built a new position in a stock or sell down all or part of an existing holding....and state the reasons behind the decisions. So, my investment return performance is completely transparent and there to be critiqued/shot at. Many do, which I like, as new well researched information/data positive or negative to the merit of the investment case should always be welcomed.
As Advfn readers familiar with ARS are well aware - many others elected to exit ARS like me at 5.5p, after I posted a second tranche of research detailing the long history of fraudulent activity carried out by the con artists who set up Aeturnum to effectively operate it as a criminal enterprise.
All ARS shareholders had an opportunity over the next two weeks to exit at/around that 5.5p price before the Aeturnum shysters publicly reneged on their 'long con' $500m Indonesian Stockmarket listing scam, by failing to pony up the first $2.5m to progress the 'deal'. Predictably, this immediately tanked the shareprice by nearly 70%, and was followed by a very unwelcome triggering of a 4 fold dilution of shareholders assets to keep the lights on.......subsequently, publicly described by an arrogant, breathtakingly condescending Manini as nothing more than a "hick-up".
Sadly, a mix of greed, hubris and a lack of curiosity appeared to stop some shareholders from using the research on Aeturnum freely posted on Advfn to look much deeper at their publicly reported, highly concerning behaviour and copious previous 'form' at Sugiy Energy and, come to the conclusion like those who stampeded for the exit door at 5.5p, that the investment risk was no longer remotely acceptable.
AIMHO/DYOR |
7 years of dilution to do little more than keep the lights on????Checks notes....Oh there's literally 11 technical reports to read on their website....You're either extremely, extremely thick or trolling in my most humble of opinions!! |
One assumes you put the very same summary on your so precious oil share by where you announced to the world here, it's a pity the asiamets directors weren't as invested, brilliant and trustworthy as your oil ones. Then within weeks or was it months, the share price cosped due to the lying directors and you changed your mind after investors lost fortunes.Perhaps the same way as you telling everyone here that this is a 'no brainer', your words not mine, but to then 2 days later say thanks for people buying their shares and raising the price, just to confirm you then sold all yours in the background. Trustworthy is a big word on a faceless bb as you played everyone to your hearts desire. |
Mining sector investors have been voting with their feet here for nearly 7 years - ever since Manini announced to the world he was going to start 'monetising' the assets.
An appalling public demonstration of industrial scale incompetence has since seen Manini destroy 96% of shareholder value by catastrophically diluting his shareholders into oblivion, in order to do little more than keep the lights on, and the Board and their friends in the lifestyles they have become accustomed to at shareholders expense.
The last 7 years in terms of the mostly unearned, ridiculously inflated Directors Fees, Bonuses' and expenses at shareholders expense has been so good to them, that the opulent lifestyles this has allowed them to lead, looks to have put another 4 inches on Manini's waist and a further couple of chins on his neck!
Yet, despite being now able to pick up much of Manini's Asia Met Resources for loose change, Owen Hegarty's EMR investment vehicle will still not put a cent into the company - what has Owen's 40 years of mining sector experience and trusty old 'slide rule' found that makes him avoid his bag carrier's ARS like the plague?
AIMHO/DYOR |
I agree it’s about what happens next, but I’ll certainly consider the history to inform what that might be.
DOIDs reasons for walking away from the JV remain unclear and are an elephant in the room imo.
I’m also sceptical as to why the company don’t give an explanation as to what they expect the debt / equity / off take split to be.
If others aren’t interested in these things that’s fine.
Anyway, happy Christmas to you too Dorset. |
The pertinent questions IMHO are can they sort out this proposed biomass power plant, and what will the final capex to npv ratio look like ! |
So you want answers to a question you think is nonsense? Sorry kiddo but I'm not here for silly games...Anyway this is what management get paid the big bucks for, this upcoming period....IMHO dyor!!! |
I’ve not asked for the names. I’d be keen to know the structure between debt, equity and off takers but in fairness we all know it’s nonsense -because Asiamet will not take this to production. The only debate will be who Tony, Sasha and Dorset blame when that’s confirmed. |
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 !! |
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