Asiamet Resources Share Discussion Threads

[adw198] 19/9/2024 17:40

Yep. All very well dismissing these allegedly low ball offers, but let’s see what the imminent DOID buy in values the company at. And after the next raise it’ll be apparent it’ll have to be the last before they hit 50%. So what happens then?

[not guilty] 19/9/2024 16:13

It is a slow motion take over whereby a greater proportion of the company will be subsumed by DOID for each transpiring capital raise. Repeat ad infinitum.

[bsg] 19/9/2024 12:24

I imagine they'll get it all for a song, wipe out all investors in the process. Then make a tidy profit for themselves. That's business, as the say.

[septblues] 08/9/2024 17:45

Grasberg copper mine in Indonesia is doing fine with good metrics

[bsg] 04/9/2024 10:35

Organic growth of mine size, that's going to take a while b4 we see any benefit. All the spare cash for many years ploughed back into mine.

[bsg] 04/9/2024 10:14

He'll be able to spin it out for another 10 years or so then retire.

[adw198] 04/9/2024 08:08

Investors and potential investorsshould be very careful following Dorsets links.

As with the last time he shared Charles Archer’s work, I suspect this is paid for. He dismissed that out of hand with typical arrogance, writing

“Lol you do at times make me laugh Andrew.
Take a little time to research in to whom released that note and you'll quickly come to the conclusion that no, it is not a paid for note. I'll leave you to find out who it is and why he released the note”.

Charles Archers own website where the note was published says

“We may receive compensation for research”.

A fawning one sided bit of research / interview like this will probably have been paid for imo. So factor that in folks .

[dorset64] 03/9/2024 18:39

hTTps://x.com/asiamettweets/status/1830973288081932435?s=52&t=h-I0JGcjWbk9ayZ9iXK2pA

[adw198] 02/9/2024 06:53

I disagree they’ve provided a timeframe. They gave a number of updates specifically about the debt financing, even by March 2024 it was allegedly progressing well / as expected. Whilst some of us never believed we’d get the finance that was the official line - but where is the update saying they’d been rebuffed? Instead the RNS’s pivot to the savings which are hailed as great news, with most people not bothering to ask where the bank updates are. If they dont want to give broad timelines to avoid criticism for missing them and then not even updating the market then they shouldn’t be leading a listed company.

So the current plan aka “timeline̶1; appears to be complete a 3rd FS and then go back through the whole process, hoping for a different outcome. Only they know how far they got with the banks and offtakers but we were previously told the involvement of the ITE in 2022 would fast track it. That was wrong wasn’t it. So how much confidence can anyone have in a different outcome this time, even if we do deliver a more attractive FS?

Even if it is a different outcome as covered above we have no guidance on how long. Therefore we can’t consider how many more waves of dilution are coming - or the likelihood of being able to raise. Eg what happens if we again get knocked back, what are we left with then? Realistically getting funded shouldn’t be a problem because DOID will probably take another discounted chunk that they wouldn’t be able to buy on the open market. They might squeeze under 50% this year but that’ll be the last time they can remain under.

Perhaps a timeline and plan could also include an honest appraisal of what is (isn’t) happening at Beutong. We’d be better giving it away for a free carry as think how much money would be needed there to deliver a FS, money we don’t have and can’t feasibly raise.

[mostyn] 01/9/2024 08:58

Dorset64,

I agree with the need to publish a roadmap, but to a large extent they have done that in bits with the various updates. It's been clear that they needed to re-engineer the project to make it attractive to financial institutions, and in the last update they highlighted what they have been doing and implied what still needs to be completed without actually putting it in a planned timeline. I suspect after TM's comment about naming a lead bank "pretty shortly" over 15 months ago, they are very wary about committing to a plan with any dates.

In terms of corporate action on any of their projects, even with all their progress, the company's problem and the shareholders problem is the same, that is the low share price. I can't see anyone coming in with an offer for any of the projects that the company could accept. They have spent over $80M on exploration The company's market value is now around $28M. I would guess at least $40M has been spent on Beutong. Just looking at the numbers anyone can see the problem. Do they just give some of the projects away at a low valuation, and would shareholders then be happy. I just can't see anything happening on that front with the market cap being at the current level.

It's worth noting that the comments about interested parties have died down. Comments about offtake agreements have died down. It's also noteworthy, unless I missed something, that Tony Manini has been keeping a very low profile. It feels as though it will be a slow grind from here, although I am more optimistic that the project will get financed. The problem for existing shareholders is how much of the company will we own when it does.

[dorset64] 26/8/2024 16:53

MT, can't disagree with much of that along with DOID putting more money in towards the end of the year as Asiamet will need some around then is my guess.On the one hand it's great that Asiamet do have a willing funder in Doid without having the need to go to the market where the terms would likely, in these markets would be far far worse. On the flip side any more money from Doid obviously gives them a bigger say in future events.Asiamet just need to publish the road map to funding and what is left to do to gain it and, in the meantime, if anything is happening with Beutong with the stated past interest in it.

[dorset64] 26/8/2024 15:07

How utterly sad Andrew, that you actually went back through over 2 years of posts on here, just to try and find one you could re-post.Pathetic!!

[dorset64] 23/8/2024 13:04

As for your name, ADW kind of gives it away you numpty.

[dorset64] 23/8/2024 13:02

And then Doid bought more shares through a placing, so what I believed to be true turned out to be, well, true.

[adw198] 23/8/2024 12:00

Fair summary as always.
I really hope this is the year they finally hand DOID the keys.
Hopefully it’s for the lot and they don’t repeat the facade at Beutong