Asiamet Resources Share Discussion Threads

[rainyrain] 05/4/2024 11:42

But I do take umbrage with essentially calling Manini a first rodeo newbie: as one could say "second in command" of Oxiana and EMR just a quick list of some mines: Sepon, Golden Grove, Prominent Hill, Martebe, Capricorn Copper, Ravensworth, Kestrel, Lumbombe. Then there's Potash projects in Spain and Canada, and believe it or not a project in England involving coal, they've also got exploration plays in Chile I believe.

All imho!

So yeah, hell of a newb there fella!

[rainyrain] 05/4/2024 11:13

Fair points. Where do you see this in a year's time, in April 2025?

[2lb] 05/4/2024 10:35

Your point on it being a rare opportunity is correct, certainly nobody in the current Asiamet team can make that claim despite the rhetoric they used to use that they had all "done this many times before" - we know this isn't true and its now a line that no longer gets peddled out at the the start of each interview.

Copper timing may also be incredibly fortuitous, and that will be 100% down to pure luck as the original production date set in 2016 was 2020. That said the share price has only fallen as the copper price has risen over the years as the price reflects confidence in the company as opposed to copper.

No doubt if you only stumbled on Asiamet today and looked at all the information available you would draw the conclusion that it is a life changing investment opportunity - but then for many it already has been.......

[rainyrain] 05/4/2024 08:55

Mcclelland has got an unbelievable opportunity here if the so called experts are right on the copper price next year and beyond.

Imagine being the guy building a Cu mine when copper is ripping. Being the guy who actually "did it", treading where most can only dream!

Being known in the industry as someone who actually "did it" and not someone who just "talked about it" is a rare thing indeed. And if he actually "does it" then a rockstar life awaits. LOL!

Or the guys who call 0.5p sale and mumble no talent frauds may win the day. I'm not one of them BTW I'm in the "Rockstar" camp.

All imho.

[wiseacre] 04/4/2024 15:57

improving volume harbinges further positive development. Expect lift off.

[rainyrain] 04/4/2024 15:09

How will that work be paid for? Maybe debt and equity, kiddo. How do you reckon, Gummy Bears?

[adw198] 04/4/2024 15:02

Sorry perhaps I wasn’t clear.
How will that wonderful work be paid for?

You’d get on well with Bradshaw, weird that just like you he came out of nowhere to defend the company and share his geological knowledge whilst being completely unaware of financing.

[rainyrain] 04/4/2024 14:55

As a grown-up, I can attempt the "how" bit but not the "when". How do I know the how? Because I read last year's FS report and there's a process flowsheet on it you melt.

I believe the ore will go to a crushing system, then an agglomerator, then on to a heap leach stacker then a raffinate pond then to an SX-EW plant built by BGRIMM, with 60 years in the game no less!

It also goes over transport and logistics if you care to read it.

It will hopefully be powered by a newly built biomass station.

So that's the how, as for then when, nobody knows!

[adw198] 04/4/2024 14:34

The grown ups don’t think it’s getting funded or built by Asiamet at all.
Those of you who do think it is should probably be able to explain the how and when. Pretty central to your investment case.

Good luck!

[rainyrain] 04/4/2024 14:03

I suppose when you don't bother to research or understand resource extraction you end up like Adw198 asking ridiculous questions like "when" and how long is a piece of bleedin string!

[adw198] 04/4/2024 13:57

I suppose when you invest on the basis of expecting them to take it to production but admit you have literally no idea how that will conceivably happen, let alone when, you’re left with Bradshaw Mark 2 here just to troll.

[rainyrain] 04/4/2024 13:50

Maybe they haven't finished talking to the Indonesian banks yet. These things take time,and the time to build a mine has gone up significantly in recent years.

But I suppose when the level of your junior mining knowledge is asking "how long is pretty shortly" ....and that's like the only thing that matters, not the geotechnical work or the water management work or the environment permit or the choice of contractors, just " how long is pretty shortly"... well I guess we end up where we are with a forum full of numbskulls who can't see the bigger picture! IMHO of course!

[rainyrain] 04/4/2024 11:06

I have never said they are close to funding. I've been blessed with patience, fella, unlike you! Is this risky? You bet.

Let's break this down and say permit and funding by October, imho! That's if they don't get taken out, or indeed if something catastrophic happens and everyone goes to zero. LoL. Imho DYOR.

[adw198] 04/4/2024 10:52

“Maybe the credit committee did meet and said you're not ready yet do this and that. Maybe they haven't been in front of the committee yet”.

Yep I think the truth is somewhere in the middle of that. Not anywhere remotely close to funding. But I know you don’t like to hear that.

[rainyrain] 04/4/2024 10:44

I imagine MT is doing some kind of mad rain dance connected to the copper price, as every tick up is literally tens of millions on our JORC resources. LOL!

[mount teide] 04/4/2024 10:29

If you want a long term career running quoted companies, its not a good idea to get a reputation for looking after number one at shareholders expense, or failing to deliver on just about EVERY operational and financial development you've given the market for 5 years, or getting publicly hoodwinked by a gang of SE Asian criminals, or crashing the share price by 96.5% after announcing you were going to monetise the assets for shareholders....

....as the market is very likely to take the view, as at ARS, that as a disingenuous, out of his depth, unapologetic charlatan, a quoted company would be uninvestible under your 'leadership', and price the equity accordingly,

AIMHO/DYOR

[rainyrain] 04/4/2024 10:27

Look out, Mr Copper is going to nosedive back to 1999 levels of 63 cents l/b is back!

[bsg] 04/4/2024 10:09

We all look after no. 1.

[mount teide] 04/4/2024 10:03

Manini has a long history of looking after number one - himself!

Following Manini's near year long 'negotiations' with his strategic partner, the international criminal gang more commonly known as Aeturnum Energy, who the market was told he carefully selected after exhaustive due diligence(lol!).....with breathtaking arrogance and without a hint of irony, he cheerfully revealed to his shareholders that post completion of the Aeturnum's KSK $500m Indonesian Stock Market IPO listing, it had been agreed that he would be retained as a consultant to the criminal gang.

To say he was completely hoodwinked by the long con artists at Aeturnum was an understatement - absolutely incredible that they were allowed to become Asia Mets largest shareholder and negotiate a 'deal' without any proper due diligence, as part of their scam.....that cost shareholders a near 4 fold dilution of their holdings - for which he is still yet to apologise, never mind resign.

Since the Aeturnum debacle the market has clearly decided ARS is toxic under Manini's 'leadership' and should not be touched with a bargepole if he is still at the helm by crashing the share-price by a further 91%.

AIMHO/DYOR

[rainyrain] 04/4/2024 09:54

I'm not defending anyone. Maybe I'm defending common sense and logic, so lock me up!

Maybe the credit committee did meet and said you're not ready yet do this and that. Maybe they haven't been in front of the committee yet.

It does appear the bank want them to formally appoint all the building contractors first and get them in early to do multiple jobs. Maybe that's a cost overrun and cost control thing.

A big announcement will be the group who comes in to do the earthworks and the first 5 years of the contract mining? Obviously they've got the processing plant sorted plus the accommodation, warehouses and offices etc.

All imho!