Asiamet Resources Share Discussion Threads

[jimbo310813] 24/1/2024 20:01

i'm almost hoping that Ars is put out of its misery - i don't hold much in value compared to most i suspect. what would people be happy with if a low bid came in?

[mostyn] 24/1/2024 15:47

2LB

TM, in an interview, said something to the effect that if the price remained at the then level(at the time somewhere around 1p) a takeover would be a virtual certainty as Asiamet were very undervalued on any metric. I'm still looking around for the queue of bidders. The market seems oblivious to the "good progress" they are allegedly making.

[2lb] 22/1/2024 15:33

If you were being paid £500k a year to drive the share price down 70% from an already smashed price you could probably spare a few quid to buy some shares at 0.8p as well, don't make out like he's supporting anyone other than himself......

[lendmeafiver] 18/1/2024 12:39

In fairness the CEO has purchased a significant amount of Stock using his own bank account recently.

[bsg] 12/1/2024 12:26

The only thing likely to advance here is their bank accounts.

[2lb] 12/1/2024 06:48

Mostyn, it is a simple case of investors showing the same level of regard and interest in Asiamet as Asiamet shows in its shareholders and investors.....none.

McClelland has been a massive flop, appointed 20 months ago at 2.1p (already a total disaster of a price) and showed himself in true colours with the October updates detailing what to expect before the end of Q4. In reality we all knew what to expect in Q4, the same as in every other "Q" - a big fat zilch and more BS about "progress".

Now 7 months since the moronic Manini told us the lead bank would be announced "pretty shortly".

One assumes they might be even be back at "work" come Monday but then how would anyone tell the difference.....

[jimbo310813] 07/1/2024 13:48

this time next year Rodney...

[mostyn] 07/1/2024 10:28

9 days since the last post. This says it all, about the level of interest in Asiamet. The share price looks to be going nowhere until we actually hit some completed milestones rather than generally making "good progress".

Happy New Year to all holders - may your unbelievable patience be rewarded.

[2lb] 29/12/2023 10:58

"As 2023 draws to a close, we reflect on the achievements of the last 12 months"Should take all of five seconds.........

[jimbo310813] 28/12/2023 15:01

todays RNS put a rocket under the share price...

[adw198] 21/12/2023 11:22

Who are you addressing there Dorset?

[dorset64] 21/12/2023 10:04

I think you're wrong as in just over 10 months, the CEO has spent over £200,000 of his own money buying shares,, and you imply its a pultry amount?

[2lb] 20/12/2023 16:30

That paragraph , as we now know, was guff designed to increase interest and the share price in advance of the private placement to DOID. It failed.

That aside, director purchases are always welcome noting that they get their "performance shares" every year in any event.

One assumes we will get some sort of year end update that will provide and overview of what activity is being worked on and when we can expect some tangible movement.

Copper now looks established at 3.90 so only 2% shy of the BFS figure. There is every chance of a push well over $4 in Q1 which should float even the shabbiest of boats in the junior copper mining sector.

Come what may this is my last Xmas owning Asiamet shares as they have ruined far too many festive periods in the past seven years so its 2024 and out.

[adw198] 20/12/2023 16:00

Director buys have to be considered a positive, but equally lets not trot out the old of cliches about following the smart money etc. All that guff about nobody knowing more than DM could equally have applied last November when he bought in at 1.20. Same for all the other previous Director buys that are massively underwater here.

It does however tell us that we’re not in a closed period which gives an indication of the status of the corporate activity, only 7 weeks ago described as: -

“Our project and corporate fronts are a hive of activity, and we are committed to providing regular updates on progress. The corporate development team is also very actively assessing and evaluating in-bound interest for a range of scenarios relating to project and corporate level investment”

[dorset64] 20/12/2023 15:41

He now owns 23m shares, do you expect him to buy that many every time ffs!!

[babbler] 20/12/2023 14:53

He owns less than 1% and took 16ks worth. Nice bit hardly a big spender.

[dorset64] 20/12/2023 14:43

The CEO buys again, and with no-one more open to 'insider knowledge' of what is likely to happen next year, for him to be buying another 2m shares so soon after buying previous, must surely be another sign of strength.

[bsg] 18/12/2023 13:26

We'll be lucky to get 2p.

[adw198] 18/12/2023 13:14

Is this position any different to the 2019 study which also led to attempts to finance it?

I don’t claim to know what the ultimate plan is, but I’m sure there is one - and that definitely won’t involve DOID walking away empty handed. Best guess is we can’t raise finance at this point and know it, which will be strung along like everything else, by which times the share price will drift lower and DOID will “rescue” us with a seemingly generous offer such as 2p.

I accept I’m a broken record on this point but I don’t see a bank lending $130m on the hope copper gets to the required levels. And even if they do, there’s literally no (documented) plan where the rest is coming from.

By way of fairness, if that is the scenario then the shareholders best interests are best served by pretending it’s not the case and blagging well be financed by 2024.

[2lb] 18/12/2023 12:26

I am sure they do V11SLR.

The next DOID dilution however would require Asiamet to have gone another 12 months and made zero progress and sourced zero project finance options.

No I am not saying that isn't an option but if it were to be the case then that could only mean that a path to production had proved unviable in which case the shares would have zero value in any case so DOID owning it would not matter.

The only other scenario would be that management and DOID are working together to transfer ownership and that they time it to make that happen outside of the project financing activity and time everything accordingly. This of course would be acting against all other shareholder interests and be a serious breach of duty.

In theory therefore there will be no increase in the DOID 35% stake because there is such a huge amount of time built in to the working capital situation so as to avoid that eventuality.

So an ultimate end of 0p or multiples of current within H1 2024 then climbing upwards after that to a potential position of the annual dividend excessing current share price

It really should be the latter.....and yet.

[marketgem] 17/12/2023 14:08

Being listed gives them funding option they can't privately

[v11slr] 15/12/2023 10:29

If Asiamet is such a prize why wouldn't DOID want it all to themselves? Keep diluting shareholders by acquiring more and more shares in exchange for working capital at lower and lower prices, afterall it's money that would have to be spent anyway, and then buy out the remainers at 0.1p or whatever it's got to in a few years. They have a big enough stake to deter any outside predators so that wouldn't be a worry.

[adw198] 15/12/2023 09:47

What I think would be really useful, would be for the company to produce a timeline as to the financing process. The last RNS introduced several things that need to be completed before completing finance. Obviously the lead bank still isn’t appointed and the initial credit committee approval has been delayed 6 months from tho September target. Hard for investors to have a clue if things are going to plan when there is no documented plan. Perhaps others investors have a detailed understanding of obtaining finance in this scenario but to me it looks like another exercise in stringing things out. Hopefully that copper move happens and makes the project more appealing.

[2lb] 15/12/2023 09:32

The one line of thought that unites all shareholders is that Manini is a disaster and needs to go and that the potential in developing the assets from this point is huge. Add a very strong copper outlook and next year may even be transformational :-)