 Interesting post from Ian Reynolds on LinkedIn which our CEO liked. He follows mining guys who actually know what they're on about not chatroom legends ROFLMFAO. I'm paraphrasing here so all imho but it was regarding project failure, which when examined often is found in the studies phase.He argues there are two distinct phases in a project, the definition ( studies) phase and the delivery (design/construction)The crux is how the final option was identified: Theoretically there are a thousand different combinations of mine, waste, processing, throughput, product...so he puts forward how did the definition team move from a thousand options to say 12 options to choosing just one?How was the preferred option selected? There is your smoking gun he says.So Mclelland has come in to Asiamet with a thousand ways to take this mine forward and he has to select one way, which has to work! This is why he is paid a nice wage IMHO! You try it ROFLMFAO!!Personally given his experience i think he can do it!All imho dyor!!!! |
Well that was a Bobby Dazzler of a year... let's hope 2025 brings us better news. Happy New Year! |
Forget all the squabbling boys, it's Xmas, so happy NY to one & all and let's just hope Asiamet completes the financing by mid year and we either continue to build the first mine or get bought out at a much higher price than we find ourselves today.
Happy Xmas to all. |
@bukowski
Are you a shareholder here? Because it’s weird behaviour to be such a TM fan given you’re certainly down if you do hold. Apply some critical thinking.
“what would you do if you were DOID, Einstein?”
I don’t claim to be Einstein but I think running a share price down over a few years whilst someone else funds all the pre work before you sweep in with a takeover offer is a smart move. And that’s exactly what I see happening. |
Don't forget we've got Big Tony on our side. Imagine sitting across the negotiating desk from him, you'd be dumping yourself...fine specimen of a man!! |
So what would you do if you were DOID, Einstein? |
DOIDs job is to get the best possible financial return for their shareholders , they don't give a toss about the Asiamet price and have acted wherever possible to ensure it remains as low as possible - that approach is not going to change , especially as they've had the Asiamet management helping them every step of the way........ |
Doid could change the landscape here by pledging that project level investment that was previously agreed to. Supposedly they walked away because of the numbers, well here we are with what looks like a good set of numbers on the way. They've had their fill of cheap shares, so now is the time to put money in at a fair price. |
I believe the last bit to do regarding the permit is the shared road access part. Personally I'm completely not worried about permit just financing. Indonesian major DOID wouldn't pump tens of millions into a project that won't get permitted ROFLMFAO all imho!! |
Has the elusive forestry permit, to enable mining, been resolved? Lost track of ARS as it's been on "life support" for longer than I can remember. |
Looks like Mclelland is basically doing everything the ITE said he must do....the old ticky boxy exercise.....and one must think if the CEO ticks all the ITE boxes then all the banks boxes will be ticked also !!!!Hello.....professionals at work here i reckon!!ALL IMHO!!!!! |
Exciting times (finally) ahead in early Q1. Updated FS next month is going to be compelling. Won't see a better starter project imo. As we head through January hoping to see a re-rate as value becomes even more obvious |
$176 million is chicken feed to establish a beach head and go for the BKZ jewellery box!!!Updated FS incoming with capex to NPV ratio and IRR for this easy to mine ridiculously low strip starter project!Hold on to your hats and strap yourselves in I reckon, IMHO, but dyor!!!! |
US$176.9m fat chance! |
21% down off 4 million shares LoL ! |
It was a UT trade (look it up) -will therefore open up on Monday. Don't know about a Santa rally but it's clear this has broken resistance and a breakout is due imo |
I could rant about ARS being 21% down today but since the shares are virtually worthless it makes no real difference, so much for the Santa rally lol. |
Breach one whole whopping penny today? |
Just fall asleep on your keyboard fella probably make more sense.Anyways Asiamet seem to be pumping a revised capex, NPV & IRR announcement before year end...I doubt we'll get a Christmas present as the company seem to like that weird time after Christmas and before New year....all imho!!! DYOR!!! |
Rsn I meant rns - I think I'll just leave it there. |
I typed on my iPhone and smell cheque changed R S N to gibberish Ho Hum some you win..... |
With the greatest respect, what does that mean in English? |
Good news for other |