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ARS Asiamet Resources Limited

0.60
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Asiamet Resources Limited LSE:ARS London Ordinary Share BM04521V1038 COM SHS USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.60 0.55 0.65 0.60 0.60 0.60 40,000 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 0 -6.93M -0.0023 -2.61 17.72M
Asiamet Resources Limited is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker ARS. The last closing price for Asiamet Resources was 0.60p. Over the last year, Asiamet Resources shares have traded in a share price range of 0.575p to 1.55p.

Asiamet Resources currently has 2,953,442,174 shares in issue. The market capitalisation of Asiamet Resources is £17.72 million. Asiamet Resources has a price to earnings ratio (PE ratio) of -2.61.

Asiamet Resources Share Discussion Threads

Showing 31901 to 31920 of 32275 messages
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DateSubjectAuthorDiscuss
11/6/2024
07:22
pP I expect 0.6 is where the next placing will be.
bsg
11/6/2024
06:48
Interesting that small producer Anglo Asian Mining nailed a 5 million offtake prepayment from Trafigura. Asiamet next? You never know!
bukowski750
10/6/2024
11:56
You have to hand it to DOID, they continue to play the idiot Manini to perfection, absolute classic puppet on a string.
2lb
09/6/2024
06:14
What are we gonna pay the builders with, high grade rock chips?
bukowski750
07/6/2024
18:59
Are you for real.Over the years I've seen some poor deramping but look me, you must be the worse yet!Pictures of the mine lol
dorset64
07/6/2024
15:57
Is there any proof of any thing being built !!!!Please can some one show me photos
dearbhla
07/6/2024
14:27
Sure, it’s an estimate which as you can see is at the very lowest end of our historical losses.

We’ll have significant corporate costs that will continue to need funding - other people are welcome to provide their own estimates as to what those overheads are likely to be. And more importantly, where the money will come from to fund them?

adw198
07/6/2024
14:17
Andrew, not being unkind but you can't make assumptions based on losses for past years when comparing it to a year including, hopefully, mine construction & infrastructure installation. It's like comparing chalk & cheese, and could be a loss of £4m, or £50m or even a small profit it built within the first half of the year and depending on where the money comes from.
dorset64
07/6/2024
12:08
Hi, my point is outside of the capex we’ll need money to pay our rent, wages and corporate overheads. A lender will want assurances we can continue to find these.
I offered $4m as a starting point.

Net loss appears to be circa
2023 $5m
2022 $7m
2021 $6m
2020 $4m
2019 $11m
2018 $7.5m

$4m the same as Covid year when we shut up shop seems on the low side, especially given inflation since then, but it’s only a starting point.

adw198
07/6/2024
11:37
Andrew, I've been away and am not going to read all the past messages.You keep mentioning that Asiamet will, during the mine build process, need £4m in money NOT covered by the CAPEX or a JV/asset sale.Out of interest where have you got this figure from, was it from the company or, if not, how have you arrived at a £4m figure and what exactly does it include within your calculations?
dorset64
07/6/2024
08:59
Yes to be fair if they get the finance it will re rate and the $4m or whatever it is per year won’t need much dilution. That’s not happening this year though, so they’ll be a very heavy dilution coming soonish
adw198
07/6/2024
08:35
Morning Dorset
I think they’ll be some more work for the Asiamet accountants to do, which i wouldn’t have thought would come from capex but I may well be wrong. Either way we’ll need money to pay the corporate costs - whilst I’m happy to hear other views as to whether that’ll be more or less than $4m per year, the underlying point remains.

You might recall you personally described someone saying the costs this year would be similar to last year as “tosh”, which in fairness was probably said because you thought we’d just be handed the money without having to do all this extra (re)redesign.

adw198
07/6/2024
08:27
Andrew, the way CAPEX is worked out it INCLUDES all costs including those of salaries managing the project, capital costs and everything else. Any money needed for salaries etc etc would be included in the CAPEX figure.
dorset64
07/6/2024
08:21
It seems the bank are waiting for the detailed engineering and final capex number, and of course they need to nail the biomass plant. Personally I think they will do it and get financed, obviously you don't, but that's what makes life and these boards interesting.We'll wait and see who is right fella but I must warn you that I am very, very rarely wrong on such matters!IMO-DYOR
bukowski750
07/6/2024
08:09
I feel another highly dilutive placing coming soon.
bsg
07/6/2024
08:05
I’ve been here 3 years and Tony has claimed a bank would lend $110m throughout that time. Yet the reality is they’ve not appointed a lead bank and not passed INITIAL credit committee approval. Hence my cynicism. It’s quite clear they were told in no uncertain terms the bank wasn’t interested in lending last year. The copper price moving will help our case going forward.

I’ve said $4m because I think for the last couple of years that was the loss or higher. I acknowledge not all years will be the same and it might be our corporate running costs are slightly less when we’ve got a $200m build to manage as opposed to whatever we’re spending money on now, but either way we’ll need money to keep the lights on for at least 3 years. I think a bank of off taker will want an assurance on that, if others don’t think they’ll be bothered that’s fine. At absolute best we somehow raise the money and get diluted massively along the way. Or, as I see it, we get taken out by DOID. We’ll see…

adw198
07/6/2024
07:41
What costs will be incurred during construction?
bukowski750
07/6/2024
07:34
We need to raise circa $200m. I’d say it’s for the people who believe that’s likely to happen to outline where it’s coming from, not the person who says it won’t.

Seperate to that we appear to have running costs of crocs $4m per year. Until we’re producing can you outline where that money is coming from? Personally that would be the first question I’d ask from an entity seeking to raise $200n, as I’d want confidence they weren’t going bust.

adw198
07/6/2024
06:53
How does the 200 million need to be fronted by Asiamet if they get a pre production offtake agreement to settle a big chunk? Explain that to me Einstein.
bukowski750
07/6/2024
06:20
The $200m all needs to be fronted to us. That appears to be via a bank, off take and a form of JV. I don’t see the money being given to a company who’ll need nearly half its mcap just to stay afloat for 3 years. So where’s that money coming from would be the first question.
adw198
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