Asiamet Resources Share Discussion Threads

[adw198] 04/4/2024 09:42

Ok, so let’s assume the definition you’ve offered is the one he meant. He thought we’d have initial credit committee approvals pretty shortly from last June. Given its now April and they’ve stopped talking about the banking piece having missed every timeframe, it seems 2lb was correct to say TM (and his mini me mouthpiece DM) were lying or incompetent/ clueless.

Yet here you are day after day defending them.

[rainyrain] 04/4/2024 09:23

Define "appointed" in this context? They have certainly "engaged" with a lead bank, but I suppose the bank will be formally "appointed" if and when they pass the initial credit committee approval!

Now I've heard of change of control bonuses for management, which can screw over shareholders, but isn't that supposed to be in the small print?

[2lb] 04/4/2024 08:58

It's just the most logical conclusion. It would all be perfectly legal and the line to shareholders would be the same huff and bluff about how hard they have tried for years but now feel it would be in shareholders interests.....

All I am saying is that any holdings the management have are an irrelevance because they would be made good as part of any transaction to DOID so shareholders shouldn't let that influence their views.

Nothing sums Manini up more than his very clear statement that a lead bank would be appointed "pretty shortly" in early June last year, ten months ago. He was either out ant out lying or totally incompetent / clueless, take your pick.

[rainyrain] 04/4/2024 08:35

How do you know that? Or did you just pull it from your derriere?

[2lb] 04/4/2024 08:29

Because he'll get a $5m bonus for doing so.

[rainyrain] 04/4/2024 08:28

Hasn't Manini put in circa $2 million of his own cash into Asiamet? Why would he approve a 0.5p sale?

[2lb] 04/4/2024 08:16

It’s been a big mover for years now……sadly all downwards in direct contradiction to copper which is now surging whilst this merely drifts towards a transfer to DOID at 0.5p

[mreasygoing] 03/4/2024 23:06

Copper to $6 later this year. AIM shares will lag the main market copper plays but Asiamet will have its time and it will be a big mover.

[rainyrain] 03/4/2024 22:06

No one's ever attempted to build a copper mine on Kalimantan before. It's not exactly a breeze, a walk in the park is it? Like Tony says, if it was easy everyone would be doing it !

[adw198] 03/4/2024 22:05

A decent % of your posts have been replying to me. But if you don’t even read them no worries - and noted.
Regards to the man in mirror (Bradshaw)

[2lb] 03/4/2024 21:32

Fraud , not fraudster , he's not an out and out crook , he's simply not what he portrays himself as in respect of business ability and achievement , he's a class A coat-tailer who's done very well in that regard but has been utterly found out when trying to do it without the coat tails of others far more capable to ride on.........

[adw198] 03/4/2024 21:09

If there’s anything I’ve said you can factually challenge or even debate as an opinion then go for it.

Although I suspect you’re cut from the same (IP address) cloth as Bradshaw, so won’t deal with the detail.

[rainyrain] 03/4/2024 21:07

How can you call Manini a fraud? That's completely ridiculous, imho.

His main gig is with EMR Capital, where big money gives them money to invest in mining. They do extensive DD on the people involved and wouldn't lend to fraudsters.

[rainyrain] 03/4/2024 21:02

His bio says he has extensive experience in mine start ups and commissioning, as well as operating producing mines.

Correct me if I'm wrong, but with Asiamet, he's working on starting up and commissioning a mine.

Entering the realms of conspiracy theories here.

[2lb] 03/4/2024 19:51

He's a mining operations general manager , to be the CEO of an AIM listed company requires a skill set he simply doesn't, and never will possess. He has no concept of investor relations nor of how to manage a listing. A mining operations skillset is absolutely of value to the company , but then that is supposedly why we are also paying Andrew Neale a bucket load.....Mclelland is a stooge being paid a ridiculous salary to simply do what DOID tell him to do under the wing of the fraud Manini.It's a circus where the clowns run the show........

[rainyrain] 03/4/2024 15:18

So you don't rate McClelland? Why, just because of the share price? Maybe offer a list of why you think he has no talent, rather than typing semi edgelord comments.

[2lb] 03/4/2024 13:08

There is literally no beginning to the talent of this shower of management imbeciles.......

[rainyrain] 03/4/2024 11:26

There's certainly a lot a talk/media around copper and the price right now. Surely $10,000 USD a ton must be a nice base.

Does anyone know what Contango means? I thought it was a dance you did after a few too many sherberts.

[adw198] 02/4/2024 22:53

“Hasn’t inflation gone down”

Yes. But prices haven’t, so capex will be….

[adw198] 02/4/2024 22:52

I’d much rather it proved me wrong and made me money.

I don’t think anyone sensible thinks $240m is about to be wired over. It’s just a case of letting the facade play out.

[rainyrain] 02/4/2024 20:37

Considering you've written something along the lines of no one will lend them $240 million seemingly every day for a year, I honestly fear for you mental state if someone actually lends them the money!

Maybe consult a specialist or something mate! All imho and not medical advice, but take care fella!

[rainyrain] 02/4/2024 20:26

Hasn't inflation gone down? With the engineering savings, maybe capex will go down not up, you never know!

Anyway nice too see you've added your obligatory we won't get 240 million. Have you got it on copy and paste?

[adw198] 02/4/2024 19:49

I’m not sure an improved power plant (which was obviously devoid of any financial metrics) is going to make an unannounced consortium of lenders any more likely to lend this lot $240m (or whatever it now costs with another years inflation).

There’s a reason they’ve stopped talking about the process for funding the build - it’s not happening.