Asiamet Resources Share Discussion Threads

[mreasygoing] 01/5/2024 14:28

My average is around 2.5p. Hold far too many as it is. Patiently waiting.

[dorset64] 01/5/2024 13:27

Can't disagree with any of that Mostyn, only thing to add is what you have mentioned in terms of the precious metals present, could just be the tip of the iceberg as, given the drilling to date, it is increasingly likely that the whole are may be 'connected' and turning in to a huge VMS deposit. If that were proven to be even remotely true, then those numbers would increase many fold. As for price wise, who knows but I do know that by believing in the land, not necessarily TM, I've kept averaging down and my lowest buy recently was another million at .0635, which is now close to 50% increase in just a couple weeks. Anyone getting in or buying more right now will, I am sure, be handsomely rewarded in the ground let alone if/when finance or a jv or a project sell or, possibly a sale of the whole company.

[mostyn] 01/5/2024 11:30

Dorset,

Regarding the broker note, the company have given enough hints about potential interest in JV's, project buyouts, or even company buyout, that eventually someone will take note, even if it's a broker.

When one considers that in their presentations they talk about having spent over $80M (£64M) on exploration expenditure, any buyout would need to be around 2.5p just to get that back. One thing definitely in Asiamet's favour is its time value, being close to potential production when a typical copper project takes around 15 years to develop from scratch. Looking at potential valuations would drive anyone insane as one could come up with all sorts of figures. With 2.1M ozs of gold at say $10 an ounce in the ground (well below some figures) one would get $210M (£168M) (Asiamet 80%) and that's without the copper, silver, zinc, lead etc on projects with what the company describes as huge exploration upside. Tony Manini's comment about the company being potentially worth hundreds of millions to billions isn't as insane as it might sound. Thinking one might actually get that sort of figure probably is insane. Let's just hope that the interest is real, and that several companies all want the same thing.

[rainyrain] 30/4/2024 08:38

I don't want,a place to stay. Get your booty on the floor tonight, make my day. I don't want, a place to stay. Get your booty on the floor tonight, make my day.

[m5] 29/4/2024 16:50

Better, needs to break the 200 dma and 1p which just about coincide. If we can't get some momentum when copper is tearing up there really is no hope.

[rainyrain] 29/4/2024 16:19

Every copper CEO and his dog are out pumping their projects now copper is ripping.
Even to the point where the GOAT Mr Friedland is posting Batman memes, yet McClelland is seemingly hiding behind his sofa! I hope Daz is working hard and he's not lost in the Jakarta traffic! But he's probably got a chauffeur to be fair with the wedge he's on.

[mreasygoing] 29/4/2024 14:52

Patience has been key. The big prize will be for those who remain patient when the share price continues to move higher. Remember it's a stair step process.

[dorset64] 29/4/2024 12:30

hTTps://www.proactiveinvestors.co.uk/companies/news/1046326/is-oversold-asiamet-a-potential-bid-target-this-broker-thinks-it-might-be-1046326.html

[dorset64] 29/4/2024 12:29

hTTps://www.proactiveinvestors.co.uk/companies/news/1046338/philips-soars-after-settling-sleep-apnea-class-action-for-1-1bn-1046338.html?rel=scroll

[mreasygoing] 29/4/2024 08:43

Copper super cycle rerate of Asiamet just beginning. Copper to $6 later this year in my opinion.

[adw198] 26/4/2024 15:26

Good luck trying to find an RNS telling you about the referenced BKM drilling though…

[adw198] 26/4/2024 15:19

I thought the permit needed to know the exact mine design? That was the excuse for not getting it as they indicated they would in 2021. Unlikely to apply for it whilst interested parties are conducting diligence imo.

“Following consultation with Ministry of Environment and Forestry, the Company has made a decision to delay progressing the borrow to use forestry permit (Pinjam Pakai) to the conditional approval stage, until the current drilling and value engineering programs are completed. This will enable all results and any adjustments to be incorporated into the BKM project footprint prior to issue of the Pinjam Pakai, following which no amendments are able to be made prior to the commencement of mining”

[adw198] 26/4/2024 15:11

“So again you confirm you have absolutely no idea how profitable the company will be, nor how an increase in the copper price affects the IRR”

The price of copper going up increases the returns. You don’t have a graph plotting each incremental any more than I do.

The difference is I at least recognise that further funding will be required even if we start building tomorrow. And despite you thinking all funds would be in place by October - March latest you haven’t worked out that time is money. Keep buying more on the basis of the Telegram briefings mate :)

[2lb] 26/4/2024 14:28

Dorset - would you not see that as somewhat of a chicken and egg scenario as regards non-DOID interest?

A buyer or partner would want cast iron certainty, which would mean having permits in place.

DOID however are already taking that punt at levels where it is worth taking.

Nothing Manini says can be assigned any credibility whatsoever.

[rainyrain] 26/4/2024 14:20

The real money will be made 15, 20 years from now when exploration uncovers mind boggling riches. Those who don't want a slice of that and want to sell out now for pennies are mad.

Entirely my own humble and personal opinion if course! Please don't take it as investment advice and DYOR!

[dorset64] 26/4/2024 14:20

So again you confirm you have absolutely no idea how profitable the company will be, nor how an increase in the copper price affects the IRR, that in itself is quite an admission but not surprising.!

[dorset64] 26/4/2024 14:17

2LB, sorry fella but your totally & utterly wrong about the permit. The permit, once approved last for a certain number of years and, as they have already said, will be finalised once everything is in place to commence mine construction. It is pointless receiving it before finance is raised as then the clock would already be running down on it.

[rainyrain] 26/4/2024 14:13

It's been like 0.5 for ages now you're moaning about 3.47. Captain Moan and his trusty sidekick!

[2lb] 26/4/2024 14:08

Dorset - you are right to raise the numerical questions because they are very compelling

As it stands today for BKM alone

NPV $270m
IRR 28%
Payback 2.7 years

However these are irrelevant without the permits which should have already been secured in advance of a predictable copper rally because without them Asiamet just own the rights to walk around on some land. I simply don't buy the line that they aren't in place because the company doesn't want to start accruing costs.

The broker note adds fuel to the inevitability of a transfer to DOID , are Optiva really only saying 3.47p in 12 months time?? That is pathetic given the numbers above and linked to setting an expectation on the price of the final transfer to DOID ownership that Manini and McClelland, in my view, are being paid to execute on.

Its still clearly a lot higher than the shambles of a price their idiocy has resulted in today, but even so for anyone to claim in any way that these clowns are mining professionals beggars belief.

We have about 4-6 months of cash left for a proper company to come in and make an offer, but of course that is why the permits haven't been progressed, it doesn't fit with the DOID plan

[adw198] 26/4/2024 13:38

It’s going to be so funny if / when DOID take us out and Dorset will have to accept he was wrong yet again.

I don’t know why it’s so triggering for me to think our largest shareholder who want to diversify into green energy will take us out. And that i remain invested because I think it’ll be at a premium to today’s share price If others think we’ll raise $230m that’s fine - I just disagree. We’ll see - and in the meantime I’m sure Dorset will tell us we’re stupid and he’s bought more

[dorset64] 26/4/2024 13:23

So, after spending hour upon hour moaning you admit that you have absolutely no idea, even with today's copper price let alone further increases in to the future, how long it takes the mine to pay back the CAPEX, nor how much money Asiamet will earn from it, nor what the corresponding IRR is with an increasing copper price.Surely to comment on anything, you firstly need to understand the economics of the company & if they'll be profitable or not, but you have no idea?And you actually bought shares not knowing or, more accurately, not understanding the basic economics of the company, beggers belief!!

[rainyrain] 26/4/2024 13:19

I notice Einstein198 is on the other forum saying DOID are the only likely buyer, despite the company saying several site visits in Q1.
Furthermore he reckons we haven't got the money to pay for the final permit, so just wondering how on earth he knows that LoL

[adw198] 26/4/2024 13:05

“Hello Mr (potential) Lead Banker, can you lend us $230m?

‘Aside from anything else, how will you fund yourselves through to payback phase’

“Erm….”

I can see why the fast track finance stage hasn’t gone anywhere - funnily enough exactly how I predicted.