Asiamet Resources Share Discussion Threads

[bsg] 22/8/2024 14:24

I think they do understand about the share price but have given up by now and just take the fat salary and hope like we do that a miracle will occur.

[mostyn] 22/8/2024 14:08

I often wonder whether directors of listed companies understand why shareholders invest. For the vast majority, the only reasons would be income or capital appreciation. Many directors seem to think they are doing a good job when the business seems to be progressing from their perspective, but the share price is in a downtrend or even at rock bottom levels (with no sign of any improvement), and there is yet to be any income on the horizon for shareholders. Sadly, I am invested in a number of such companies where extravagant promises have yet to materialize. In one such company (not Asiamet)they have a number of KPI's, all but one showing positive outcomes in the Annual Report, and the shareholders are uniformly negative about the company. The one showing a major negative divergence is, as expected, the share price, and the directors can't seem to understand why shareholders are unhappy.

The other thing that directors don't seem to understand, is that dilution, especially capital raising at a large discount, has a significant negative effect on the share price, both in the short and long term, as the existing asset value is now spread over a larger number of shares.

If I had invested last week for the first time, I would be quite happy with today's announcement. The main cloud on the horizon would be the prospect of a DOID supported raise, likely not too far in the future. It's a catch 22. No money = no progress = no company. On the other hand every dilutive event reduces my share of the company and takes me further from break even.

I'm still waiting for any sign that TM's comment that the company is potentially worth hundreds of millions, if not billions, is on the horizon. I suspect I will be waiting a very long time.

[not guilty] 22/8/2024 13:01

I think everyone knows that is DOID at a discount - $5m comes this way soon.

[bukowski750] 22/8/2024 13:01

As football managers often say, that's a nice headache to have! Why don't you call the CEO and ask him?

[adw198] 22/8/2024 12:57

I didn’t mean where is the money coming from to build the mine, I meant how many more rounds of dilution would be required just to pay Asiamets corporate overheads, seperate to the build costs?

[bukowski750] 22/8/2024 12:43

Now i know you're going to say yeah but where is the money coming from? So, for the perhaps 45th time, nobody knows, yet !

[bukowski750] 22/8/2024 12:41

I guessing the highly experienced and more than suitably qualified mining professionals running the company have and will, thought and thunk about that, kiddo!

[adw198] 22/8/2024 12:34

Time is money.
It won’t happen at all, but even by your optimistic prediction of building it next year, don’t you realise how many years it would be before we produce? And where is that money coming from?

[bukowski750] 22/8/2024 12:32

People need to snap of of this how long, when will it happen mentality. If you're so interested in time, go and buy a Rolex and shut the hell up....entirely my humble opinion!

[bukowski750] 22/8/2024 12:24

According to S & P global, the average lead time to bring a mine into production is now 17.9 years, so in my estimation, Asiamet are bang on target!

[mount teide] 22/8/2024 12:16

Feasibility Studies 2019-2025 - Project Capital Costs (excluding contingencies and before adjustment for inflation):

$192m - 2019 FS-1 - 9.1 year mine life with up to 25ktpa of copper cathode
$208m - 2023 FS-2 - 9.2 year mine life with up to 20ktpa of copper-cathode
$128m-$158m - 2025 - FS-3 - 9.2 year mine life with up to 20ktpa of copper-cathode?

Roy 'Chubby' Brown pays good money for material like this!

And these clowns expect to be taken seriously after 6 years of making themselves look complete fools by crashing the share-price by circa 94% after telling the market they were now going to use their multi decades of industry expertise to 'monetise' the assets for shareholders........$1-2/share price targets were even mentioned at the time by shills close to the company!

AIMHO/DYOR

ps: if the new MD was brought in for his 'expertise' at putting together highly competitive development costings for new projects, it begs the question as to how he supposedly found these new 'savings' over what he found when putting together FS-2!

[dorset64] 22/8/2024 11:58

ADW-'drip fed telegram propolaganda'...You really are an idiot Andrew, in fact so much so it's no wonder people laugh at you.

[bukowski750] 22/8/2024 11:53

Who could've forseen that? Well, given the backdrop of wars and inflation....me !

[not guilty] 22/8/2024 11:35

So after FS2 they have spent 16 months confirming that no one is interested in financing the project. No lead bank, nothing. Who could have foreseen this?

[bukowski750] 22/8/2024 11:28

Personally next year for financing imho, best to get everything sorted and get good terms innit. Waiting is good for the soul, like pain from stretching feels extremely uncomfortable then absolutely amazing...entirely my personal and humble opinion!

[bukowski750] 22/8/2024 11:21

If they can get lime from up the road instead of shipping it from Surabaya then trucking it 400 odd klicks...... absolute win winner steroids! Great news hopefully drilling at Rinjin soon !!!

[adw198] 22/8/2024 11:19

Good update that - in isolation.
Sadly the elephants in the room remain in that we don’t know how long the work will take or the likelihood of getting finance when we do complete it. Plus the fact we’ll need funding which I suspect will be sorted in the next 6 weeks.

[bukowski750] 22/8/2024 11:12

Patience all that is required here imho. Not everyone has the minerals tho.

[adw198] 22/8/2024 10:39

That’s fortunate. I hope anyone who listened to you describe how good an investment this was whilst you drip fed Telegram propaganda here is equally fortunate.

[dorset64] 21/8/2024 21:01

As I've said many times andrew, I've put a large sum in this and if it comes right, I make an absolute fortune. If it doesn't, I move on, it won't change my life and my kids will still be fine. Life's a gamble, and sure as he'll aim market is.

[adw198] 21/8/2024 19:04

@Dorset - quotation marks “ “ are best saved for things people have actually said, rather than the things you’d rather argue against.

Asiamet won’t take this to production imo. In which case the investment case will presumably to be to sell that asset? Leaving what?

Unlucky Dorset, you got played like the rest of us.