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ARS Asiamet Resources Limited

0.60
0.00 (0.00%)
02 Dec 2024 - Closed
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 - 0.00 00:00:00
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 32126 to 32140 of 32275 messages
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DateSubjectAuthorDiscuss
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.
bsg
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 .

adw198
03/9/2024
18:39
hTTps://x.com/asiamettweets/status/1830973288081932435?s=52&t=h-I0JGcjWbk9ayZ9iXK2pA
dorset64
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.

adw198
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.

mostyn
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.
dorset64
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

adw198
22/8/2024
21:54
D64 - Over the last 2-3 years the management and DOID have been acting like they own the company by acting in their own best interests.

Sadly, for the owners of the rest of the shares the limp market reaction to today's mid morning RNS was entirely predictable, presumably because it had all the hallmarks of Asia Met's third rate management preparing them for yet another cash raise from DOID, by throwing them a small bone.

Such is the level of distrust of the management after destroying so much shareholder value over the last 5 years, the market reaction probably came as no surprise to most, as evidenced by the transaction volume.

I fear the management and DOID are positioning themselves to mutually benefit from the future of Asia Met largely at their other shareholders expense.

AIMHO/DYOR

mount teide
22/8/2024
21:24
If you think twitter exists you are the idiot .
monkeywench1
22/8/2024
21:21
@dorset
Sure, please let me know your twitter (x) handle and name and we’ll take it from there.
You can private message it.

Alternatively you can comment on the prospects here rather than calling people who dare to give a view idiots.


I suspect you’ll take a leaf out of the companies book and go mute for a bit now. At least they’ve not been milked like a mug like you have

adw198
22/8/2024
20:42
CEO comment from today:"It is particularly exciting that these material savings will not only reduce overall funding requirements but also enhance our ability to secure favourable financing terms"I believe our excellent CEO is doing his best and working his socks off to secure good financing terms.Plus, hopefully a cool little limestone quarry close to site and a biomass mass power plant is on the cards.I'm taking a break from this forum and will be back in the new year, hopefully with a new school lesson for you, kiddo!Toodle pip and all the best!
bukowski750
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