Asiamet Resources Share Discussion Threads

[dorset64] 23/4/2024 07:50

I believe you will find there's 3 options on the table at the minute. 1. Carry on with the ITE/off-take/bank/JV for the cash to build the mine and start to receive the profits in years to come. 2. Continue with those performing their DD for a partial sale and/or sale of a project, be that BKM/BKZ or Beutong and use the proceeds to build & run the remaining projects or,3. Continue with those performing their DD with respect to a full sale of the company and all projects. To me all of the above makes sense and see which one drops first then, when it does, decide whether to take that route or not.

[rainyrain] 19/4/2024 17:05

Apparently these new data centres will use so much power they will need their own nuclear power station LoL

[rainyrain] 19/4/2024 16:11

Anyone else noticed an uptick in talk about AI and the data centres and how much copper they will potentially use?

I've got a hunch this copper rise may be off the back of all this newfangled AI talk.

[rainyrain] 19/4/2024 08:13

I don't get why you're obsessed with a 5 year old study with a pandemic, two wars and inflation in between. Why don't you work out the figures mate, as I really don't care, LoL!

Or you could track down the feasibility studies of the large circa 100 year old Chilean copper mines and pick holes in them.

Have fun, kiddo!

[rainyrain] 19/4/2024 07:40

Please don't call me "it" I am actually a real human being. You two reprobates have made your positions clear on what will happen here, so let's all just sit back and wait, eh? Bye !

[adw198] 19/4/2024 07:13

Fair point, will ignore going forward.

[2lb] 19/4/2024 07:02

Adw - history dictates that if you filter it and ignore it then it gets bored and goes away......just a suggestion.

[adw198] 19/4/2024 07:02

So what I’m hearing is the IRR changes according to the price of copper used / achieved. Good, agreed. So, I’ll try for just 1 more time….which FS has the higher IRR when using todays copper price?

[rainyrain] 19/4/2024 06:27

Pipe down kiddo, I said marching to. I believe with circa $4.50 copper the IRR is circa 27% and NPV 260 million, crucially bringing NPV above capex.

All imho please DYOR!

Now with $5 dollar copper the IRR would be over 30% innit.

Now go and read a book, maybe Roald Dahl is probably your level, kiddo.

[adw198] 18/4/2024 19:41

Brilliant stuff there Rainy aka Bradshaw claiming the IRR is now 30%
Can you explain why please?
And let me know what the IRR on 2019 FS too - the one you claim is worse.

[stockhunters] 18/4/2024 14:33

only needs a bit more volume

[rainyrain] 18/4/2024 12:58

NPV to Capex ratio: apparently one to one is very rare on copper projects, but if it ticks to one to one or over then a much better chance of getting finance, imho, dyor ! Topic just discussed with a copper developer on YouTube Crux investor channel 😀

[rainyrain] 18/4/2024 09:17

Asiamet marching towards a 30% IRR on their starter project LoL all imho DYOR

[stockhunters] 18/4/2024 08:13

muted reaction to a good rns

[2lb] 18/4/2024 07:24

Copper $4.42 yet Asiamet in the gutter - that is Maninis legacy.

[adw198] 17/4/2024 16:21

Final one from me.

@dorset if you want to either post here or DM me your twitter handle then I’ll return the courtesy of stalking you and posting personal details here. Thanks

[adw198] 17/4/2024 15:29

I’ve said it’s now enjoyable as the playbook is clear. I also said today’s RNS was more positive, with a caveat that they’re proven liars. And given people are interested in litigation they might want to ask why nobody will dare sue me for making that claim.

[bahamasoil] 17/4/2024 15:21

31072

Im not moaning.

;-} ;-};-}

[adw198] 17/4/2024 15:14

@Dorset

Off the top of my head they bought in at 2.20p, then 1.15p, followed by 0.90p. So I think it’s probable that they are indeed running us down ahead of a cheap takeout.
I reckon most of us would grab at 2p now, whereas we wouldn’t have done back then.

The only question to my mind is whether they take another wave of dilution before making their move.

But to throw the question back at you, what’s YOUR logic as to why they backed away from paying $50m for 51% of 1 asset? But seemingly don’t want to now pay say $100m for the entire company? It’s not like Asiamet have experience of building a copper mine.

If we finance it ourselves I’ll happily acknowledge I was wrong and eat humble pie. All I ask is if DOID take us out you do the same mate.

[adw198] 17/4/2024 14:59

So they wouldn’t want to sell their shares to a bidder then, no?

I’m not moaning. I just gave my analysis with a caveat it might be wrong.

It appears the bull argument is we’re going build it ourselves but ALSO sell it to an interested party. It can’t be both!

[dorset64] 17/4/2024 14:59

ADW following your theory of doid buying out asiamet, if that's the case and with the share price at near all time lows, why haven't they done just that then?If doid then wanted the share price even lower they would had let asiamet run our of money and bought them in a fire sale but no, doid instead pumped in $millions in to Asiamets bank account, to ensure they do keep afloat.Both of the above dispel your argument/reasons for saying what you are.I'm still of the opinion a jv will be formed, or finance for a smaller starter pit along with offtakes will be arranged or, the sale of a single project or ultimately, the whole company will be bought out. None of these currently include Doid buying out the whole company and starting to build a copper heap leach mine, something of which they have zero experience of.

[rainyrain] 17/4/2024 13:49

Do you actually read the RNS releases Adw198? I'm actually convinced you don't bother reading them, imho.

Because if you did you would know the CEO said in his end of year update that DOID are actively assisting the company to deliver the BKM project, and that DOID are very supportive of our strategy to leverage the successful development of this initial heap leach copper mine into building a larger energy transition business in the Asian region.

So rather than trading shares, IMHO, doid want to build a metals focused energy transition business focused on Asia. Just my humble opinion based on actually reading the RNS releases rather than not reading them and simplh moaning for the sake of moaning.

[adw198] 17/4/2024 13:24

Do people think DOID are here just to buy and sell shares for a profit like the rest of us? I’m working on the assumption they want to take this to production themselves. I might be wrong on that but that’s my view and therefore I look the updates through those lens. Hence being dismissive of the doomed attempts to finance it ourselves and similarly sceptical about the constant stream of interested parties / inbound interest. As 2lb mentioned that can mean many things, the key is anyone serious?

Presumably the in country interest would be from DOIDs competitors - another reason I see DOID taking us out as opposed to anyone else. I think that will be for HIGHER than today’s share price which is why I continue to hold. I can think the share price will go up without swallowing the spin.