$176 million is chicken feed to establish a beach head and go for the BKZ jewellery box!!!Updated FS incoming with capex to NPV ratio and IRR for this easy to mine ridiculously low strip starter project!Hold on to your hats and strap yourselves in I reckon, IMHO, but dyor!!!! |
US$176.9m fat chance! |
21% down off 4 million shares LoL ! |
It was a UT trade (look it up) -will therefore open up on Monday. Don't know about a Santa rally but it's clear this has broken resistance and a breakout is due imo |
I could rant about ARS being 21% down today but since the shares are virtually worthless it makes no real difference, so much for the Santa rally lol. |
Breach one whole whopping penny today? |
Just fall asleep on your keyboard fella probably make more sense.Anyways Asiamet seem to be pumping a revised capex, NPV & IRR announcement before year end...I doubt we'll get a Christmas present as the company seem to like that weird time after Christmas and before New year....all imho!!! DYOR!!! |
Rsn I meant rns - I think I'll just leave it there. |
I typed on my iPhone and smell cheque changed R S N to gibberish Ho Hum some you win..... |
With the greatest respect, what does that mean in English? |
Good news for other |
Manini and his troops taking salary in shares.......tick tock, choo choo !!!!!!! This train is about to depart!!!! All imho!!! |
Ctc1
Yeah no worries.
I also recall James Deo on an interview with Tony where he said something similar, ie they were writing into the HOA that DOID had to win a tender. Struck me as BS given what the RNS said. That was circa 3 years ago and in don’t recall anything else since then. |
I recall either reading it or hearing it a while ago, and am pretty sure in this case that I am right. Sorry but I'm not going back to old coms right now. |
There's a lot less earth to move with this smaller mine plan, maybe the CEO has got a local firm lined up for a good price!! |
Where did they say that @ctc1?
We were initially told
“The parties agree to engage DOID or any of its subsidiaries to undertake mining and secondary services for the development of the BKM Copper project provided that it is commercially reasonable to do so”
“Commercially reasonable” sounds like they’ve basically got preferred supplier status. Admittedly that was as part of the HOA that DOID walked away from after 9 months due diligence so there might be a more recent commitment to tender. Personally I think they’re keeping a low profile to avoid the obvious conclusion that they’ll be doing it themselves when they take the whole project. |
ARS have previously said that all works will be by open tender and no favouring DOID just because they are shareholders |
That's why I'm interested to know who is doing the bulk earthworks. I thought DOID would move the earth considering they move earth for a living, but guess we'll have to wait and see! LoL ! |
I don’t even know who they are.
My point is twofold - it’s all academic until they get the project funded. Secondly I find it noteworthy that DOID are no longer referenced in terms of doing the work given
“DOID's extensive Indonesian operational capability and expertise in mining and mine development related services including mining and earth moving, civil works, process plant and mine infrastructure construction”.
They wanted the work previously too. |
Have they paid BGRIMM and Rexline yet? |
“when will Asiamet announce the contractor who is doing the bulk earthworks???”
When they’ve got the money to pay them?
Surely DOID would want the work though? |
A few questions after reading through the RNS list:I note on Rexline's website in their article on Asiamet it says "excluding scope related to bulk earthworks " so my question is....when will Asiamet announce the contractor who is doing the bulk earthworks??? Also in August the company said they have secured environmental approvals for the limestone drilling...they said an exploration forestry permit is expected to be granted in Q4 2024 allowing drilling to commence shortly thereafter....so will this permit come in Q4????? |
Imagine all the money going in to Titcoin and z list celebrity rug pull coins went into commodities? I like to invest in things you can touch!!!Surely at some point there has to be a monumental rug pull on this crypto nonsense ROFLMFAO!!! |
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