Asiamet Resources Share Discussion Threads

[dorset64] 24/3/2024 20:11

As expected, you start talking like a gobby 12 year old school child acting like a keyboard warrior. Given you're never wrong, tell me, why then didn't you sell your shares 12 months or more ago as you keep saying how you knew all along that funding won't be in place by 'x', that lies are pedalled on the telegram group etc etc but yet, you never sold?As I've always said, this will earn me a fortune or it won't, either way I can live with the outcome but given the wider world economics, I'm not selling any shares and will await the outcome.

[adw198] 24/3/2024 19:15

Certainly not missing the nonsense you got from Telegram that you parroted as fact. But glad to see, at long last, some humility that you got this so so wrong.

Absolutely ZERO chance this gets funded this year. So what’s the business plan here, super brain?

[dorset64] 24/3/2024 16:05

Still missing me then bud ?At the time and just like Manini's quote 12 months ago of 'bank name within a few weeks' my guesstimate of finance within 6 months or so was off and I was, on that point, wrong. No problem with that & happy to admit that. What I will say also is that in this week's update they had better go in to more detail regarding both the sale enquiries of BKM/KSK and/or Beutong. Just another 'we are working hard and busy on lots of inbound interest' will not cut it for investors who now need more concrete proof that things are progressing as I believe, and we are all told.

[adw198] 23/3/2024 08:27

So just 4 working days before we find out if Dorsets October prediction of all finance being in place by end of March (at the latest) comes true. Going to be a busy week, as it seems the remaining items are:
- Appoint a lead bank
- Get INITIAL credit committee approvals
- Find a syndicate of other banks who also want to pony up $120m
- Complete whatever the other steps are required beyond INITIAL credit committee approvals
- Sign a binding offtake agreement for the remaining $120m
- Have final permits approved (nobody will lend without a permit)

I must admit, I remain sceptical for some reason. ;)

[mreasygoing] 14/3/2024 23:41

Expect to see copper at $6 this year.

[bsg] 14/3/2024 12:57

I expect we'll have plenty of bull runs until this lot pull their digit out.

[mostyn] 14/3/2024 12:52

Recent headline:

"Copper Breaks Out Of Ten Month Base To Follow Gold Into New Bull Run"

[2lb] 09/3/2024 19:41

Spot on , but they will drag this charade out to the inevitable conclusion whilst pretending alternatives are on the table. The deal bonus payments for this charlatan management will be as eye watering as they will be disgraceful

[adw198] 09/3/2024 09:34

It has to be sold, it’s the only viable way of achieving value. The problem is we all know who the buyer is. Why would DOID sell their 30% to a competitor whilst simultaneously having an objective to diversify into copper? It’s so obvious what’s going on here, it’s just a matter of diluting us step by step whilst we do the pre work and then they’ll come in and rescue us for a pittance and crack on with the mine - because unlike little old us they’ll get a seat at the table with the bank (if they even need the money).

[2lb] 06/3/2024 14:17

With the long awaited and long overdue prospect of an asset or company sale to get this out of the hands of the circus clowns and into the hands of professionals its worth a quick look at the fully diluted share price v MCAP position. Beutong is a globally significant asset (yes, noting the permits etc etc) so is well worth a major making a play at a bargain price.

Just to see what damage these idiots have done with their endless cycle of failure and pitiful dilution we now sit at £15.7m fully diluted for a business the moron chairman still claims is worth "hundreds of millions if not billions"

0.6p £15.7m
0.8p £20.9m
1.0p £26.2m
1.4p £36.6m
1.7p £44.5m
2.0p £52.3m
2.5p £65.4m
2.8p £73.2m
3.0p £78.5m

Still not even close to the NPV of BKM alone.......


With copper banging on the door of $3.90, just 2% shy of the BFS price and with the usual BS about "increased interest" "site visits" "data room" surely even the most incapable of management, and that is what we are dealing with, can not fail to offload this company at multiples of todays price

[mondex] 04/3/2024 07:43

MT. Good to have you back with us again. Hope all goes well with you.

[mreasygoing] 03/3/2024 17:26

I reckon we'll see a significant increase in M&A activity when the mining sector picks up from the lows this summer.

[mcpaulas] 03/3/2024 11:49

The banks are being very cautious as the funding could run out before completion.Look what happened to HZM.

[rainyrain] 02/3/2024 14:56

Management may have inadvertently pulled a blinder here if they can produce into a 2027, 2028, 2029 market.

[mount teide] 02/3/2024 14:12

RR - that's why its takes all views to make a market!

Industrial metal market is probably much nearer the bottom than the top - but betting on it recovering strongly in 2025 is a gamble based on the fundamentals and interest rates falling quicker than central banks are currently guiding.

IMHO/DYOR

[mreasygoing] 02/3/2024 13:02

Metals have bottomed in my view. Mining Sector is at lows.Copper to $5-6 in the coming 12 months in my view.

[rainyrain] 02/3/2024 12:56

Amateur hour stuff Mount Teide. So Europe is in a recession. You should focus on the future and particularly on the smelters and their concentrate deficits. TC's have dropped to their lowest levels since 2010 as smelter capacity has increased by some 7.4%. All imho DYOR.

[mount teide] 02/3/2024 08:54

Money manager positioning on the CME's copper contract has swung from net long at the start of the year to the largest net short since the middle of 2022, as weak demand trumped supply pressures - funds are adopting an increasingly bearish stance, preferring to focus on a globally weak demand picture rather than odd sign of supply-chain stress.

Europe's manufacturing indices have been in negative territory for 18 straight months, while US activity has been contracting for 14 months. Even energy transition sectors such as wind and solar power generation and electric vehicles are now rolling-over and underperforming.

Until global manufacturing picks up, industrial metal asset prices are likely to remain under downward pressure, and mine development projects largely shut out of the finance market.

AIMHO/DYOR

[napoleon 14th] 02/3/2024 00:53

Dorset, I do so wish you are right.
Past under-performance tells me this leopard will have to change its' spots!
If a bid came from China @ 5p/share I'll take it with both hands. IF ONLY...

[adw198] 01/3/2024 15:38

I don’t believe they asked for contacts to be put in place, I think they’ll have gently guided that we won’t be getting any money in this environment.

That’s too rich for my budget mate! When you say a starter project what do you mean? I’m saying Asiamet won’t have the funding in place to fund the 2022/3 FS, ie they won’t have the money to commence the build. Let’s get some money charity one way or another tho

[dorset64] 01/3/2024 15:31

Andrew, it is not I that asked extra questions, asked for contracts to be in place in order to quantify the exact costs to certain aspects, it was the bank. Therefore timescales moves.

More than happy to have a friendly wager with you that, based upon the info out in the public domain today that, if not sold or a buyer purchases part of the project/s, that finance will be in place by the end of the year for either a starter or full project as described. In fact if you want to make it £1,000 I’m still happy to have a wager with you for charity.

[dorset64] 01/3/2024 14:42

Your last post paints a million words Andrew. In your opinion signing up contractors/power/Road designs/barge designs/biomass contracts do nothing to the funding process, really?