Asiamet Resources Share Discussion Threads

[bradshaw980] 30/8/2023 18:35

It transpires that you haven't won mastermind by predicting that a junior mining company will need to raise cash !

[adw198] 30/8/2023 18:07

Great, so it transpires you agree with me a funding deal is imminently required.

But if people want to talk about billion dollar valuations because of some telegram propaganda then good luck too

[bradshaw980] 30/8/2023 17:11

You wouldn't make it in the police force as a detective mate...predicting a junior miner will need money...of course we will need bloody money LoL... ! It's like saying I reckon Real Madrid will need to score goals to win the champions league! You remind me of Trigger from only fools and horses ROFLMFAO

[adw198] 30/8/2023 17:02

Yep circa $3m left around April / May.
Having raised £10m in 2021 and then a further $3m in 2022.

We’ll need money before year end is my expectation. I reckon DOID are (re)negotiating the terms of their next buy in.

[bradshaw980] 30/8/2023 16:12

I think we should find out soon. Moreover, cash burn now should be much lower....there's one guy on twitter saying we had 3 million bucks back in May.....true or not I don't know.....how many dollars does a company have to have to be running on fumes?

[adw198] 30/8/2023 15:41

It’s fine Brad - you either think we’re imminently about to run out of money, or you don’t. I’m going with the former - let’s see how long we last…

[bradshaw980] 30/8/2023 15:15

Your analysis? ROFLMFAO please share with us your expert analysis kiddo as I need a good belly laugh. My analysis LoL!

[bradshaw980] 30/8/2023 15:04

Glad you've added the forum favourite "running on fumes" to your rather stale and bland repertoire tho, keep up the good work kiddo !

[bradshaw980] 30/8/2023 15:02

All I'm saying is you've been banging on about your favourite "keeping the lights on line" for circa 6 months now.

[adw198] 30/8/2023 14:53

My analysis is we must be running on £fumes.
No problem if others think more funding isn’t required this year. Is that your contention, Brad?

[zangdook] 30/8/2023 14:11

they're down to their last penny, Brad? I can't say I'm surprised.

[bradshaw980] 30/8/2023 13:32

Being the self appointed imaginary person in charge of Asiamet's dosh I suppose you know how much cash they have down to the penny !!??!!

[adw198] 30/8/2023 13:23

I think what’s more likely is we get a DOID bailout to keep the lights on.

[bradshaw980] 30/8/2023 09:10

There's a chance we could get an offtake agreement RNS in September !! Always a chance in this game ! Patience is the most important tool in the toolbox !! Imho DYOR etc etc etc!! ?? !!

[mostyn] 29/8/2023 13:47

Not much interest here recently. Just about the same in the market. Was anyone else expecting (or hoping for) some news by now. With all the alleged interest in the project I would have expected some news, even if only the name of the lead bank which I'm sure they said would be shortly some weeks ago. Par for the course.

[bradshaw980] 23/8/2023 09:12

Anyway I thought it interesting as they seem to be a 'new frontier' type company, which I like ! Plus I always welcome push back and debate as I have yet to lose an argument on the Internet since I first logged on in 1998 ! Such fun !

[bradshaw980] 23/8/2023 09:02

"The group has undergone a significant change and restructuring of the business following the transaction at the end of 2013 to buy out the assets of ENRC" from eurasian resources.lu

[bradshaw980] 23/8/2023 08:57

Cool story bro, but I believe that company is a subsidiary of ERG, and again I believe that they haven't been charged with anything!! Now I could list all the good stuff they're doing if you want? All imho DYOR! Plus it's real easy to find 'not so rosy' news articles on virtually all of the mining majors !!

[zaphod99] 23/8/2023 08:50

hTTps://www.spotlightcorruption.org/enrc-corruption-and-litigation/

[bradshaw980] 23/8/2023 08:34

Or maybe you don't quite understand the meaning of "strongly denied the allegations" and "no charges have been brought in the case" but please enlighten us !

[bradshaw980] 23/8/2023 08:28

Care to expand, sunshine?

[zaphod99] 23/8/2023 08:06

You'll be hard pushed to find a dodgier outfit than ERG. No surprise to see them move into Indonesia.

[bradshaw980] 23/8/2023 05:37

Although China's property market may have problems, concrete use is down for example,apparently their demand for copper is still strong as they're going balls deep on their electrical grid....yeah I'm no China expert as u can tell.

[bradshaw980] 23/8/2023 04:33

This looks like ERG's first move into Indonesia, they're a big player globally and I wouldn't be surprised if they have taken a look at Asiamet! All imho DYOR!