Asiamet Resources Share Discussion Threads

[mostyn] 28/11/2023 13:42

They are bound to want to tell us about all the companies lining up to take a stake in the projects/company, who are in the process of multi year due diligence.

[2lb] 28/11/2023 12:45

With the cash now in the bank via a discounted placing I don't somehow think we will be hearing anything from Asiamet this side of Q1.

They are allegedly at a Mines and Money show in London today, or at least their logo is on the attendee list but I suspect that even if they are there then the last thing they want is shareholders turning up......





4:40pm - 4:50pm today.

[mostyn] 28/11/2023 11:13

The company has been giving relatively regular corporate updates, the last being at the end of October. We should be due another one about now, as they surely have made some further progress in the last month.

[trigger blade] 28/11/2023 10:22

Ken’s renowned for it, he’s very consistent in his approach.

[2lb] 25/11/2023 14:05

Some high quality well researched analysis there......

[ken chung] 25/11/2023 08:40

Sell, sell, sell, sell.Lemmings and mushrooms only.

[adw198] 24/11/2023 19:12

Yeah go on, may as well debate on that board if you’re suddenly too shy here. Can you either paste the invite link or give me the contact details of the admins of the free to join group. Thanks mate

[dorset64] 24/11/2023 17:37

Join the other group and you'll see my comments for yourself fella.

[dorset64] 24/11/2023 15:29

ADW, without you being on that free to join group, you have no idea what is said in it or, for that matter, the criticism I have and do levie at them. Likewise when I've attended open meetings and being the only one to stand up and criticise TM to his face, when no-one else mentions a word. I say what I think to be correct, good or bad and whether you like it or disagree with me, I give little credence to your opinion I'm afraid as, as far as I am aware, you've never attended a meeting, in other groups, spoke directly with anyone at the company and thus, you get your views based solely upon what's posted on the Internet, which imo is just daft. You also admit to nor knowing a thing about the mining industry, about financing such deals or, for that matter, even what an off-take agreement is nor how its funding works. I joined these groups, attend meetings and speak with the directors in order to gleen clarity to my investment as opposed to just believing everything on the Internet like yourself, so carry on and mock them and not see both sides of the facts.

[2lb] 22/11/2023 15:45

Perfectly summed up mostyn. Apparently the opportunity has never been greater and the value never higher yet we sit at an all time low because they’ve pulled the shutters down yet again and are too busy counting the cash and overpaying themselves and their friends to do their job and come out hard and articulate exactly how positive things are and why the investment hypothesis is so good.


Standard AIM directors who long claimed to be something different but are now fully exposed……;.

[dorset64] 22/11/2023 15:31

ADW-'a snider paid for telegram group'.....What on earth are you on about now ADW?

[mostyn] 22/11/2023 15:03

One has to say they have done a wonderful job of selling the inherent value of the company to the market. We are cashed up with no share overhang, and we are at the lowest closing level in the last 3 years (although intra day we have been a touch lower). Volume is pitiful and the chart is oversold. We have a BFS and are allegedly moving towards finance and eventual production. There is allegedly more inbound interest than ever and TM has been heard to say in an interview that if the price stays at this level (I believe it was even higher then) the company was bound to be taken over. Personally 1p isn't enough for me. What's not to like!

[adw198] 22/11/2023 13:12

And in fairness at least the last RNS spelt it out that nothing material is imminent

“Continuation of project engineering, formal engagement with key execution contractors and delivering on several site-based programs *are all requirements ahead of* completing a project financing package*.

[2lb] 22/11/2023 11:57

They've got their cash , I can't see anything now other than the continued lack of tangible progress in the short term despite claims to be a "hive of activity".Same old same old , all talk until the cash arrives then they crawl back under their stone.

[adw198] 22/11/2023 11:30

I stand by my view that I don’t see any off take arrangements being signed in the next few month given we’re miles off debt finance and have next to no chance of an equity deal. We’re not even close to permits so it would take a brave company to sign up to an off take deal in that context.

We’ll see who is right and hopefully it’s not me!

[dorset64] 22/11/2023 11:20

ADW, the off-take agreement can be signed at any point but most likely in tandem with corporate finance as, and only once the off-take has been signed, will they know what percentage of the overall amount it covers. There's many strings to such agreements as in if the first deal only wants, say, 30% of the overall production, they would pay a far higher price compared to a company agreeing to take 100% of production.These figures will be based upon the copper price in 3 to 4 years or even 5 (my guess), as they will likely be paying a higher than the expected copper price in the first few years compared to paying substantially less then the final 5 or so years of mining. Other options include all the expected money up front or, say, 50% of it etc etc.

[adw198] 21/11/2023 19:06

Dorset, no I don’t think that so you’ve misunderstood. My point is how many more dilutive raises will be required to get us to production and even then the payback stage? The $230m you think they can raise won’t be earmarked as being for Asiamets general running costs and infact we’ll need a much bigger level of expenditure to underpin such a huge project. That’s my view anyway. How do you see it working?

Mostyn, I doubt anyone will sign an offtake agreement without the rest of the finance being in place / close to in place. I’m definitely happy to be corrected on that point though I’ve never seen been involved in a company going through this.

[dorset64] 21/11/2023 18:50

ADW, so you think if they do raise $230m from the banks, that gets them into production, that they'll re-pay this figure by having future fund raises and diluting their shareholders to this amount?Really?Have you never looked up how a profitable mine works?

[mostyn] 21/11/2023 18:13

Hi Adw198

After all the recent interviews and progress updates I think there is a decent chance of the following in the next few (not company speak few) months:

Regular updates on progress (as per DM)
EPC Contractor appointment.
Lead Bank - not before time after all the prior comments on the subject.
Offtake agreement - not as confident on this one as due diligence takes forever.

On the basis that they say they have had interested parties for at least the last 4-5 years, I think something will happen eventually, probably within the next 4-5 years.

I don't think even these milestones, if they in fact appear, will do a huge amount for the share price in this market, although I would like to see the price have a decent move above 1p. The only thing I could see having any significant impact would be something either at the project or corporate level, which would then place an independent valuation on the assets. The major impediment in my view is the current share price which would, in all likelihood, lead to offers the company couldn't accept. Chicken and egg.....

[adw198] 21/11/2023 17:35

Hi Mostyn
What (decent) news are you expecting in the next few months?

I’m not surprised nobody new is buying because even you think they can raise $230m from somewhere (they’ve not said where) then they’ll still be several more rounds of dilution required before the $230m is repaid. We’re not bust is the glimmer of positivity.

[mostyn] 21/11/2023 16:57

Considering the downside should be very limited with the company now cashed up, and no overhang to consider, it's surprising that there hasn't been more interest. Even on a worst case scenario, there should be some decent news flow over the next few months, and Darryn McClelland seems keen to keep investors informed about progress.

[jimbo310813] 21/11/2023 16:42

at last someone's bought some shares!