Asiamet Resources Share Discussion Threads

[dorset64] 18/9/2023 08:09

ADW, honestly fella you're barking up the wrong tree. You keep quoting about them going bust without funding as if you've just discovered something and keep posting about it Sorry to break it to you but currently Asiamet are an explorer and, just like every single explorer on Aim or the LSE, without funding they will of course go bust. Explorer means they are not mining therefore not selling anything and thus, have zero income and just like 100% of all explorers, they will at some point need to raise more funds to keep going by either a placing, an investment or by selling a project and/or the whole company. Its how explorers work. You bought in to an explorer of which hope's to become a miner and, only once a miner and physically selling products will they then receive an income. I appreciate you didn't understand the mechanics of off-take agreements, why permits are not chased until just prior to production starts etc but I didn't expect to find you didn't realise you invested in an explorer & not a miner!

[zangdook] 18/9/2023 06:50

Or they can't find the spreadsheet under the pizza boxes

[adw198] 16/9/2023 14:11

Yeah that sets it out nicely Mostyn and it’s not a biggie in isolation.

My main interest / thoughts are whether they’re a bit later because they’d rather get the funding sorted rather than have to issue a warning about the likelihood of going bust etc.

[mostyn] 16/9/2023 11:38

Interims last 6 years:

17/08/22
24/08/21
20/08/20
13/09/19
25/09/18
15/09/17

Late August to late September. No issue here yet.

[arlington chetwynd talbott] 16/9/2023 09:54

The interims usually emerge in the second half of August. They are undoubtedly late.

[adw198] 15/9/2023 12:57

They play by their own rules in matters
of timing, honesty and facts, so who knows.

In the same thread, in response to a suggestion funding will be needed, he replied

“As interims will show, they have cash“.

Let’s see how much and if the Interims again acknowledge the need for further funding to continue as a going concern.

[buildit1] 15/9/2023 09:02

Definition of few. 5-6. 5 to 6 weeks from 11th Aug = ?

[adw198] 15/9/2023 07:48

5 weeks ago on the 11th August Sasha (the IR who claims to have his life savings invested here) tweeted

“Interims will be due in next few weeks“

hxxps://x.com/WrightmanAIM/status/1690028618691248129?s=20

[v11slr] 15/9/2023 06:18

Are Asiamet going to publish interims this year or just not bother? Shouldn't be difficult to produce there's only expenditure no revenue.

[2lb] 13/9/2023 10:12

Perfectly summarised mostyn.I refer to my age old adage Champions league commodity cycle Premier league assets Sunday league management

[adw198] 13/9/2023 09:36

The link doesn’t appear to have come visible on my post so I’ll try again


Edit - it’s still not showing but basically it’s the Investor meets company video from 4months ago that contained a Q+A

[adw198] 13/9/2023 08:56

Circa 35mins in he’s asked about DOID joining the Board and seems unsure. Waffles a bit about internal governance processes being ongoing.

Sums up everything that’s wrong here that 4months later the telegram group get told something is happening on that front (whether true or not)

[mostyn] 13/9/2023 08:53

The problem with Asiamet is that on the one hand it looks very undervalued on their assets, and on the other hand you have TM who is not popular with investors and this colours sentiment. The latest interview goes from upbeat with the supposed amount of inbound interest from offtakers and potential jv/sale partners, to the less upbeat view based on prior experience in Asiamet and timelines with TM's comments about shortly, pretty shortly, next quarters etc. It's also well known to holders that we have supposedly had plenty of interested parties in Asiamet's assets for at least the last 2-3 years if not longer. The basic problem is that too many investors don't trust the management, and this won't change until we hit some important milestones or actually get an offer for some of the assets. They have been saying the company is hugely undervalued for the last 5 years, and nothing has changed, except for the failed interest (Aeturnum/DOID - hiccups along the way?).

[adw198] 13/9/2023 07:37

I wonder why it’s taken so long for them to appoint someone - and whether this latest news means DM was lying when he said in an interview the process was ongoing a few months ago?

Nobody yet knows if the finance will be happening, even TM is guiding in terms of quarters so there’s no way $110+ of debt has been secured.

[2lb] 13/9/2023 07:11

Latest raft of sellers clearly disagree. With the ITE and lead bank now blatantly drifting into 2024 one assumes that once again Manini will be taken by complete surprise by the Christmas and New Year holiday season..

[dorset64] 12/9/2023 16:38

I note the talk is that DOID have again started the process of appointing their men on the board of Asiamet on the telegram group. If that happens then that would be the first signs that the ITE, bank, off-takes are all actualling happening imo and, at less than 1.2p, what a great time to buy in to Asiamet if not already.

[adw198] 11/9/2023 08:36

And as I Understand it that offer would have been the highest price paid on the preceding 12months. Which if made today would be 1.65 but if made last June when they backed out the HOA deal it would have been something like 3.20p which would cost them circa £70m.

[dorset64] 11/9/2023 08:04

Yep Bermuda,

[dorset64] 11/9/2023 08:03

Yep of course they're registered office is bermuda

[2lb] 11/9/2023 06:53

For clarity the 30% threshold for a compulsory offer / takeover does not apply to Asiamet

[adw198] 09/9/2023 13:16

I think it was confirmed that those roles don’t apply as it’s Bermuda registered. Well outside my knowledge tbh tho. If it is the case that’s it’s 30% aren’t you worried about what happens if / when they take their next $5m and almost certainly go considerably over that threshold?

[dorset64] 09/9/2023 13:00

Adw, as they are on Aim, when buying shares in a company up to, not 100% sure its this figure, but 30% or more, the take over panel kicks in and the buyer would be duty bound to bid for up to 50.01%.As they are based off shore & out of UK as said I'm not 100% sure those rules apply so happy to be corrected. Thanks also for confirming you haven't bought many shares for a long period as, as an investor, sometimes you have to take stock and look outside the box. I've done just that, annoyed I first bought far higher up but then took on board the 'explorers to miners' curve which highlights exactly where we currently are in this, albeit long and protracted journey with asiamet hence one of the reasons I've bought millions more at a penny or a fraction below.

[adw198] 08/9/2023 22:15

I don’t agree with your statement that they could have bought the whole company for £25m when the share price was 1.60, no. That’s absolute nonsense.

Your contention is they didn’t complete the HOA on the basis they could have bought the whole company for less. The flaw in your latest masterclass is that they didn’t buy a single share on the open market for that price. And nor have they (currently) taken another 15% of the entire company for less than that price Please tell us why?.

Given I’ve answered every question asked perhaps you could also tell us who told you DOID were completely committed to the deal last June? Or maybe why you posted we should infact be asking for more than the $50m at the tome, given you now say it was obvious / logical they wouldn’t sign tje $50m? Failing that tell us why you told us you thought a bid was imminent last autumn from a 3rd party?



Honestly mate just read your own comments back. Nothing wrong with being wrong, but at least recognise it rather than circling back with the lectures. You’ve been wrong about almost everything yet act with this air of condescending superiority.

No, I’ve not bought shares for long.

[dorset64] 08/9/2023 18:15

Do you honestly think that DOID couldn't have bought enough shares, over time, on the open market to force a takeover, if so you've not been buying shares for very long.

[adw198] 08/9/2023 13:15

It’s fine to hold those opinions, but they’re not supported by an RNS are the.
I disagree they could have bought the company for £25million at any point including now - you wouldn’t sell your shares for that would you, and neither would many others. Infact I don’t think you’d sell for double todays value (I would).

The idea they pulled out purely because it didn’t make sense due to MCAP is one I’m aware has been pushed from Sasha but the facts don’t really fit. The share price was never higher than 3p in the weeks running up to the HOA and only dropped under 2p in June - which was because of their delays. So at what point did they pull out purely because of our SP? It’s not credible.