Asiamet Resources Share Discussion Threads

[horneblower] 10/7/2017 23:10

There is no reason to believe there will NOT be a further fund raising in the next 18 months in order to maintain sufficient cash flow to run the business prior to production.

As the company progresses further down the line the costs will grow with the added manpower required etc. It will be unsurprising if shareholders are tapped once more.

This is entirely to be expected and not to be feared.

The level of cash required will greatly depend on the feel of the market. However, the main consideration will be how much is left in the kitty. Companies do not run on air.

Much patience required.

I'll be amazed if this doesn't hit at least 8p in the next 12 months.

[the manini] 10/7/2017 20:43

Amaretto I think you should email the team if you still have concerns. They'll soon put you straight

[snickerdog] 10/7/2017 19:34

Looking forward to their putting more holes into Beutong. 317m strikes I have seen on their preso

[snickerdog] 10/7/2017 19:33

Asiamet don't discount anyway so even if they did need funds it wouldn't really matter.

[amaretto] 10/7/2017 18:48

Don't get me wrong though, long term we're all going to make a ton of money (famous last words), it's just that I'm sick and tired of getting bitten in AIM stocks with us retail muppet investors always being the last to know what's gong on as current large holders sell down or hedge waiting for the discount they're going to get in the next round of fundraising. Annoying to say the least.

[amaretto] 10/7/2017 18:29

Manini - Thanks, I was under the impression it was an RNS but I can see it was an ADVFN news story instead. Despite paying for a Level 2 subscription it appears I must up my subscription to read the news story so will have to have a chat with the subscriptions guys. Within the article is there any pertinent statements made by ARS that there will be no more fundraising or is that just journalist supposition?

The Jelai RNS states that the £800k will be used as follows, "Asiamet is very pleased to now be in a position to re-direct these resources towards advancing its core KSK and Beutong projects". Once again does the news item written by ADVFN suggest something else that isn't in the RNS (which is fairly vague).

I agree that the money will be put towards the general pot including BKW, BKS and Beutong, it's just that with the additional drilling (I get the impression that's a relatively new proposition given the encouraging drill results from BKM and the similar data currently available for BKS and BKW) required to get the required data to successfully convince the prospective financiers that the mine life can be extended (thus getting more cash at better rates), would that expense be included in the fundraising and Jelai sale so far?

If ARS have explicitly said something positive to indicate that nothing further will be required then great but i haven't seen anything to suggest so explicitly in any RNS or podcast. The ADVFN news article might suggest something else but I'm curious as to their source. I'll get onto subscriptions and take a look myself over the next few days but if there's a juicy quote and a source that can be posted in the mean time then great.

[the manini] 10/7/2017 17:22

AmarettoThe two releases around the last placing were both released on the 6th of December last year. If you click on news on advfn and scroll down they can both clearly be seen.The first one is titled 'Asiamet Resources Limited Asiamet Bought Deal Private Placement To Fund Feasibility Study'and the other is titled'Asiamet Raises GBP2 Million To Finish BKM Feasibility Study'With regard to drilling up BKW, BKS and Beutong, the money raised from the sale of Jelai £800K will be used for that as stated per the news releases on the 9th of May this year

[dorset64] 10/7/2017 17:19

No probs at all Amaretto and your post made sense. As I say if they ever do have a future funding call then it will be for a reason, and not one just to satisfy the BoD's hunger for unwarranted rewards, as if often seen on Aim and in part LSE.

They are quite adept at answering emails so it might settle your mind if you dropped them an email containing all your Q's although, obviously I very much doubt they would answer all of them.

[mr roper] 10/7/2017 16:54

Wouldn't worry about it, if Beutong drops, I think from memory further funding will be required for that to move from 40-80% WI.

[amaretto] 10/7/2017 16:49

Adorling, thanks for your reply. I've tried looking for that RNS but as per my post, the only one I could find was dated 6th December, Asiamet Bought Deal Private Placement to Fund F...( I use Investegate for my RNS's but if you have a link to a different RNS, I'd appreciate you posting it?

Dorset64 - Don't worry about Ayesha I've had it on filter for years on ADVFN, you are quite correct in your village idiot description. I'm after something more evidence based as per my detailed, I hope, and reasoned post trying to get a sensible discussion going.

I'm generally bullish long term and already substantially invested but before I increase my holding further I'd like to explore and investigate the possibility of a small fundraising in the short term and base my subsequent entry on that analysis.

[mr roper] 10/7/2017 16:38

selling in much smaller vol though, adorling. Can't see any big sells yet. The big one might be finished

[adorling] 10/7/2017 16:36

Amaretto - "Asiamet Raises GBP2 Million To Finish BKM Feasibility Study"And the sale of Jelai rns clearly states that the money will be used to 'explore and develop areas surrounding bkm and beutong'

[adorling] 10/7/2017 16:34

The late seller is still off loading so I truly hope this superb share goes up 50% at least when Beutong Licence lands or BFS is published - whichever comes first.

[amaretto] 10/7/2017 16:29

I've been looking back at historic RNS's as well as listening to various podcasts including their very latest with VOX markets on June 28th trying to gauge whether another fund raising will be required to complete the drilling program currently under way.

Mention fundraising on these BBs and immediately the heckles go up with established investors and you're invariably shouted down. I've been following ARS for a while and likewise this BB, which I find a great repository of views and news. I've tried to find the references made by 'The Manini' (post 765) that we are fully funded to financing but I can't find anything specific matching his claims. Perhaps you can help Manini?

I did find the previous fund-raising RNS, which was designed to fund drilling: (

I also re-read the Jelai sale RNS ( in which they state, "Asiamet is very pleased to now be in a position to re-direct these resources towards advancing its core KSK and Beutong projects". So, they are clearly adding that to the pot of funds to further their drilling campaign and feasibility analysis.

What neither state, as far as I can gather, is that those funds will be all that is required. Again, if anyone can point me to the contrary I'm all ears?

During the latest podcast with VOX markets on the 28th June Tony clearly states that he won't be drilling anymore holes in BKM but will be doing a lot of study and design work to help plan the mine.

He goes on to talk about the area to the south (BKS) and west (BKW) of BKM and the fact that BKS has 5/6 holes currently drilled in it whilst BKS has a single hole drilled. He then says that as we approach financing, "Financiers like to see a long tail on the project", i.e. a long life of the mine, so it would be good to extend that life. He reckons there's a possibility of 4/5 years on top of the current 8 years, which could be added if data from BKS and BKW is similar to BKM's, which is obviously great news. In order to get that data he plans to sink more holes in BKS and BKW in the second half of this year.

So, with BKM drilling complete but feasibility work underway and with plans to sink more drills in BKS and BKW in the second half of the year, is it unreasonable to think that Tony will look for some further cash (probably not a huge amount but a fund raising nevertheless) to investigate these areas further, prove up more resources thus extending the life of the mine and increase the share price further before he goes after the big bucks to build the mine?

The substantial selling of late lends itself to that theory but if I can be pointed to an RNS, interview or podcast that suggests otherwise I'd be obliged if someone can point me in the right direction?

Edit: I will add that Tony does go onto talk about fundraising later in the podcast and that he wants to increase the share price before going after serious fundraising. However he doesn't mention anything about fundraising short term or how funded they are for say, the new drilling planned for BKS and BKW; it's this new drilling (and the financing of it) in order to get data to extend the life of BKM that I'm querying.

[scarymonster] 07/7/2017 19:19

Ok thanks hb.

[horneblower] 07/7/2017 19:00

Scary, energy recovery from breaking etc is already part of ev's. Electric motors ARE dynamos so when slowing down or breaking, the electric motor returns energy to the battery.

[adorling] 07/7/2017 18:24

Well that was a strong close - does that bode well for us all? Have good weekends!

[scarymonster] 07/7/2017 16:40

I'll guess South of France for a long weekend.

[mr roper] 07/7/2017 16:30

Seller gone or have they started the weekend early?

[okidokicoki] 07/7/2017 15:51

That was in 2004 I know it's not a actual normal car but advances in all fields could make it possible 1 day for a ev to be self sufficient

[scarymonster] 07/7/2017 10:57

Smilies are coming out as question marks when I send messages from my phone. I'm not really punctuating messages with question marks. ?

[scarymonster] 07/7/2017 10:55

Back on the subject of ev's how can movement not add charge back to the battery as for instance bicycle dynamos can illuminate a light with movement. Not saying it's that simple but the basic physics are there in some form. Apologies for my ignorance. I'm just interested. ?

[littlemadam] 07/7/2017 10:28

Snickerdog. Thought I would try to help momentum bu buying 100k

[snickerdog] 07/7/2017 10:21

Charles - yes all the city banks have some crazy restrictions these days. For any employees not just front office who are exposed to information