Asiamet Resources Share Discussion Threads

[bukowski750] 14/1/2025 15:20

Yeah fair doos m8 I think getting the capex to npv better is the key focus as Tony mentioned it straight off the bat...probably the first thing the credit committee look at ROFLMFAO all imho!

[e-wan] 14/1/2025 13:51

>Fair doos m8 with calls like that you're well on the way to >legendary status!It's also worth bearing in mind that with the much more detailed estimates and subsequent firming up of any offtake agreements there may be justification for reducing the discount factor (say from 8% to 7%). Depending on what happens with opex this could mean nudging under 1 for the capex to NPV ratio. If senior debt is just under $100m then looks a much more compelling investment. Obviously can't know copper prices beyond 2027 but even at an (arguably) conservative 4.3-4.4 looks a good 'un

[bukowski750] 14/1/2025 13:14

Fair doos m8 with calls like that you're well on the way to legendary status!

[adw198] 14/1/2025 12:50

I think we both agree then - the first 2 studies didn’t get financed because they weren’t compelling enough. It was me, not you, that expressed significant doubts that the 2nd study would get financed.
So whilst it’s not a great outcome, at least I take solace that I called it right.

[bukowski750] 13/1/2025 16:42

The 2019 study was NPV of 133.5 million and Capex circa 223 million, that's why it flopped IMHO.....but the ratio is getting better every time not worse you melt ROFLMFAO

[bukowski750] 13/1/2025 16:29

I'm not sure what worse means in your uneducated little world kiddo, but the IRR was 2% higher.

[jimbo310813] 11/1/2025 23:06

My confidence is ok at the moment following the decision to take some of their remuneration in shares. This time next year...

[bukowski750] 11/1/2025 16:13

Tony said it himself in his September interviews with Charles Archer, the banks told them they have to improve the Capex to NPV ratio!

[bukowski750] 11/1/2025 15:02

There is an ancient belief that the third time something is attempted it is more likely to succeed than the previous two attempts.

[adw198] 11/1/2025 12:38

Not only is this now option 3, having been unable to fund the first 2 studies, but the 2022/3 was delayed several times specifically to include the feedback from the ITE to ensure it met their requirements. Or certainly that was what we were told - obviously the reality was not even getting past initial credit committee approval.

Thanks, Darryn.

[jimbo310813] 10/1/2025 13:13

The copper price has risen nicely recently...

[bukowski750] 10/1/2025 10:48

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!!!!

[jimbo310813] 31/12/2024 16:55

Well that was a Bobby Dazzler of a year... let's hope 2025 brings us better news. Happy New Year!

[dorset64] 25/12/2024 11:04

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.

[adw198] 25/12/2024 06:05

@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.

[bukowski750] 24/12/2024 09:41

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!!

[bukowski750] 24/12/2024 09:03

So what would you do if you were DOID, Einstein?

[2lb] 24/12/2024 08:54

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........

[aim0raider] 24/12/2024 08:31

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.

[bukowski750] 23/12/2024 19:20

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!!

[highly geared] 23/12/2024 18:12

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.

[bukowski750] 23/12/2024 16:45

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!!!!!

[e-wan] 23/12/2024 16:30

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