Asiamet Resources Share Discussion Threads

[adw198] 19/6/2024 09:19

It’s not really a debate you’ve just told me my figures were outdated and thus the underlying point wrong / flawed.
Except you dont have any alternative figure and concede you dont have a clue about whether the savings are even more than the $34m I took off. Nice contribution!

It’s all semantics though, to avoid the underlying point though which is how a company of our size can raise that money (or a similar amount). See through value was the only reason why DOID walked according to you - yet somehow we’ll find a new partner with the MCAP half what it was.

Good luck with that strategy!

[dorset64] 19/6/2024 09:08

I give up, it's like debating with a 5 year old with diarrhea.

[adw198] 19/6/2024 08:27

Relax mate, I’ve just said they’ll struggle to raise tens of millions from a raise / JV.
You appear to want to quibble my figures because you think they’ll be saving much more than my example numbers, ie you said my argument was flawed because my figures were wrong. Saving > $34m would be an excellent outcome for the company, but apparently you think it’ll be even more. We’ll find out shortly as that would be worthy of an RNS.

[bukowski750] 19/6/2024 08:11

Maybe it would be a good idea if the company got the market cap higher by releasing good news. Just a thought, I'm not a businessman.

[adw198] 19/6/2024 08:07

Ok mate, so you dont have any idea how much the revised capex will be, but you know it’ll be less than $200m because you said that “for the sake of argument” figure was outdated. The capex figure announced last year was $234m (including contingency) so I’d only taken off over 10% and $34m. It’ll be an excellent result if they can save more than that with no impact on production. Let’s wait and see.

The underlying point that we’d struggle to raise the 30% with this mcap remains.

[bukowski750] 19/6/2024 08:01

Anyone going to the AGM? The 2019 AGM was filmed and available for viewing on YouTube. Don't know why they stopped doing that.Buffet and Munger's filmed AGM's are legendary!

[dorset64] 19/6/2024 07:56

That's why I used percentages, as how do you expect anyone on a free message board & not employed by the company to know the final figures?

[adw198] 19/6/2024 07:22

What’s the capex then? I took 10% off for the sake of argument, because we don’t know the scope of the changes, in there is no current info.
Happy to hear your own guesstimate though?

[dorset64] 19/6/2024 07:03

ADW, read the rns fella as I believe your figures and therefore your argument is flawed. They released the BFS with those capex figures yes, but have since said multiple times that they are going to have a smaller starter project, therefore a saving on the initial capex figures. You need to base your figures on current info, not what was said a year or two ago.

[bukowski750] 19/6/2024 05:25

No offence mate, but anything you've "long since argued" can be taken with about a billion tonnes of salt for starters, with another 20 billion tonnes on stand-by.A few weeks back you were saying along the lines of, and I'm paraphrasing here, that arcm is virtually guaranteed money, an absolute no brainer that can't go wrong. A bit like going into Tesco and buying a money printing machine, then popping into Asda and buying a magic money tree.I was like nah chill bro this is AIM mining.Alas, a hefty nosedive followed then the shares were suspended....ROFLMFAO!Don't get me started on the lower IRR thing, or the BKM will never get financed thing.This comment is entirely my own humble and personal opinion and not investment advice, please DYOR! Lol !

[adw198] 18/6/2024 19:37

I think the initial costs were something like $220m, since when there have been some savings apparently. For the sake of argument let’s say capex is $200m
40% bank debt = $80m
30% offtake = $60m
30% raise / JV = $60m.

I don’t have expertise in any of the above. But if we need to find $60m then it’s more than double our current MCAP.
So even if we somehow convince a bank to lend $80m to a company who need annual dilutions to pay James Deo’s wages, and an off taker agrees to front us $60m (presumably for a massive discount) - we still need to double the shares in issue to fund it.

The only possible deal is surely some kind of free carry on giving the asset away?
Or, as I’ve long since argued, the in country largest shareholder with a stated desire to transition to green energy take us out and fund themselves.

Pretty obvious really…

[dorset64] 18/6/2024 14:37

My guess would be 40% bank/debt, 30% off-take & the rest either an investment/JV/fund raise.Above figures would then be hugely distorted in the event of a sale of one of the projects and, obviously with a bid for the entirety.That said with a smaller footprint & starter project, again the above figures could be hugely out as who knows what the CAPEX would be with then, the off-take accounting for a higher percentage.

[adw198] 18/6/2024 10:25

@mynok

We’d need to know where the money had come from and at what cost to existing shareholders.

For example how much interest needs repaying on a $100m loan from the bank, what discount has an off taker agreed and how much equity has been given away to a partner.

We’d also need to know who was funding Asiamet until it’s repaid the capex

[2lb] 18/6/2024 10:12

There is nothing fun about being invested in a business run by D-listers.....

[myn0k] 18/6/2024 06:30

If an announcement was made that production will commence in a few months, what would everyone's estimated target price be? Just for fun.

[bukowski750] 12/6/2024 12:14

There's no volume here, CEO is bunkered down trying to get this thing into production. If a share price going up and down triggers you maybe go and buy BHP.....lol not investment advice and all imho, dyor!

[bsg] 12/6/2024 10:11

That will keep them paid for a while longer.

[bukowski750] 12/6/2024 10:08

For clarity that wasn't investment advice, just a suggestion if you think you may be funding something dodgy.

[2lb] 12/6/2024 09:11

I'm sure it's pure coincidence that the request to have the ability to issue a further 2.5 BILLION shares just happens to coincide with the run up to needing to beg DOID for more cash to allow this sorry excuse for a management team to keep obliterating every last semblance of value.......

[bukowski750] 11/6/2024 09:54

Dude go and enjoy your small tungsten deposit which -imho- won't even have a PFS done on it as there's no point...LoL....all imho not investment advice dyor!

[adw198] 11/6/2024 09:45

Odd strategy to jump on other boards wanting people to answer questions on Tungsten exploration that you have no interest in, whilst being wholly unconcerned with imminent finding requirements for the 1 share you’re invested in. Each to their own!

[bukowski750] 11/6/2024 09:29

It would be good if more people gave their thoughts on this extra share headroom thing at the agm.No idea where any cash is coming from mate. I know you think I'm a paid ramper, but truth is I'm just a common PI pleb with access to the Internet and as as much information as you.Furthermore, nothing you could ever say would ever - even remotely - trigger me. LOL

[adw198] 11/6/2024 08:59

I’m surprised seeking a mandate like they’re asking for hasn’t attracted any comments.

I was more asking where this years corporate costs were being funded from. I’ve suggested DOID, but noted that would
take them to around 50%, which seemed to trigger you. If they do it this year, it’ll surely be the last year they can do that. So one way or another I think the end game is coming, I just hope sooner rather than later, because this “fast track” financing is costing us a lot of time / money.