Asiamet Resources Share Discussion Threads

[adw198] 17/5/2024 10:07

Need to get nearer 2p but yeah that would be me gone. The same financing problems still exist and we’re still way under the price where DOID walked away from apparently due to see through value.

I’m hoping they make their move soon though. This copper price is making things very enticing.

[rainyrain] 17/5/2024 10:01

Adw198 u off m8? What's the plan, have BHP offered you a board seat?

[deanoblues] 17/5/2024 09:50

TOLD YA...LONG WAY TO GO YET ;-)

[adw198] 17/5/2024 09:26

Absolutely flying!
And I’m sure some (most!) of you will be delighted here if it gets much higher I’ll be jumping out. :)

[markth126] 17/5/2024 08:29

Choo Choo all aboard

[rainyrain] 17/5/2024 06:46

Matter of time before it breaks 1.50 innit. Wouldn't be surprised to see a push on this most glorious of Fridays! All imho!

[stockhunters] 17/5/2024 06:39

ready to move up again

[dorset64] 16/5/2024 15:19

Hopefully no-one here invested in HZM, what a nightmare that one is and shows, even in principle if your funded to mine, its whom the money has come from.What's happening at HZM could have happened with AE.

[rainyrain] 16/5/2024 09:30

Can't really argue with that fella, but a nutter with a good heart!

[shortarm] 16/5/2024 08:32

You are a nutter!Helt gaal!

[rainyrain] 16/5/2024 08:28

Look out, Kefi crew are out giving it the large. Walking around all dazed and shell shocked after being on the brink of construction every week for almost a decade.

[shortarm] 16/5/2024 08:20

You posted this on the wrong thread you jockey!Sun is out tomorrow so thinking of going out for a picnic in the park. What is your favourite Jam?

[rainyrain] 16/5/2024 08:18

Stubborn resistance: Let's see what Bobby Dazzler has got up his sleeve to break it. Done my research into the CEO, and he's a mining Rolls-Royce, imho! Knows his stuff like!

[mreasygoing] 15/5/2024 14:44

I reckon we could now see $7 copper this summer.

[adw198] 14/5/2024 18:22

But to the underlying point…do you still
believe paying for some PR demonstrates being able to raise a $150m +?

I don’t need a lecture about how smart you are, just an answer for once.

[adw198] 14/5/2024 17:47

Yes that’s a fair minor correction. It’ll probably be less. I say probably because we’re nowwhere near construction and thus don’t have accurate quotes. If you’re getting a Deja vu it’s because yes we’ve been here before where quotes became out of date.

Either way we still won’t find the money, that’s my belief.

But as I say apologies for using the official figures the market has been provided. Out of interest the figures you were emailed with exactly figures based on $5 copper….what was capex based upon. My guess is…$230m. I’m sure you’ve already considered that though :)

[dorset64] 14/5/2024 17:28

Andrew, for goodness sake read the RNS's recently and think more wisely. I was going to let you harp on about raising $230m seeing as your figure is obviously wrong but to save you embarrassing yourself even further, as a starter re-read DM's comments today. The only thing for certain is it won't be your figure but a far smaller one, yet to be confirmed.

[adw198] 14/5/2024 17:09

Final one from me on the Dorset back catalogue of great calls. Do you still think paying for an interview is evidence of being able to raise $230m? Didn’t get enough attention that particular classic last week :)

[rainyrain] 14/5/2024 16:34

Was not expecting $5 Cu and an all-time high so soon. Maybe the new normal really is $6-7 copper. If so, maybe a name change from BKM to ATM !

[dorset64] 14/5/2024 16:02

You seriously have a problem Andrew, I wasn't going to reply to you again but must say your comments on how to run a junior mining business have been gold lolPlease do keep entertaining everyone.

[adw198] 14/5/2024 15:48

“Asked the question” lol.

Did you ask them what it was at $4.56 as it was a few weeks ago when you came on all high and mighty because I didn’t have the figures?

The project economics get miles better in a better copper environment. I’ve always acknowledged that, others said current prices didn’t matter (until they shot up).


Ask them how the financing is going mate if you’ve got a hotline to the liars.

[dorset64] 14/5/2024 15:42

So, I asked the question and got a reply. At $5.00 copper, the IRR, prior to any cost savings post the BFS, shoots up to 31% and at just over $5, the EBITDA is a staggering $1b.And just remember this is just the starter project ie the 1st of 17 in the same area that Asiamet own.

[adw198] 14/5/2024 15:30

Yeah I think I know the Asiamet playbook by now.

When the time is right we’ll all get to read the same RNS saying we can’t get finance ourselves, DOID are taking this forward and so their offer of £x is the best way option for shareholders. Then they’ll be lots of complaints on here.

Other predictions welcome, but I’m sure we’ll get a 1 line quip from Bradshaw instead.

[deanoblues] 14/5/2024 15:11

Copper plus four percent ;-0