Asiamet Resources Share Discussion Threads

[mount teide] 05/4/2024 13:46

RR - unlike the fantasy land world you live in, the market lives in the real world and has voted with its feet - valuing the company at a share-price a completely catastrophic 3.5% of what it was worth when Manini commenced monetising the assets.

I actually owe Manini a great debt of gratitude - had he not been publicly hoodwinked by the industrial scale fraudsters running Aeturnum Energy, I may not have exited in the two week window available at circa 5.5p, after posting my research on the criminals that was freely available in the public domain.

That investment money, as posted at the time, went into Savannah Energy - I would now need a 31 bagger at the current ARS share price to break even, if I had listened to Manini's appalling Due Diligence on the Aeturnum criminals, rather than carry out my own research on his 'carefully' selected strategic partners. And possibly as high as a 100 bagger if Savannah shortly come out of an RTO trading suspension at the market consensus valuation of the enlarged company were the deal to complete.

Yet, even that 100 bagger circa 50p ARS share price would still only be a quarter of the £2/share valuation some of Manini's online propagandists like Montim were once freely posting on here -after some of us started calling out the management for repeatedly failing to deliver on any operational and financial development targets given to the market - including boldly claiming the management would not sell out for anything less.

Predictably, now long gone, all that remains some 5 years later is the same smug, sanctimonious arrogance of the well heeled management and, the investment destroying 0.5p share-price they have since delivered.

AIMHO/DYOR

[rainyrain] 05/4/2024 13:31

Thanks for your April 2025 prediction! Anyone else?

[v11slr] 05/4/2024 12:41

April 2025? 0.2p - 0.5p or delisted.

[rainyrain] 05/4/2024 11:57

Cue a raft of riding on the coat tails, bag holder, shoe shiner, tea maker, massage therapist comments.

[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