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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.075 | 9.68% | 0.85 | 0.80 | 0.90 | 0.85 | 0.775 | 0.775 | 5,878,414 | 12:45:55 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 0 | -6.93M | -0.0027 | -3.15 | 22.05M |
From Apr 2019 to Apr 2024
TIDMARS
RNS Number : 6853W
Asiamet Resources Limited
20 August 2020
20 August 2020
2020 Interim Financial Statements
Asiamet Resources Limited ("Asiamet" or the "Company") is pleased to present its unaudited interim financial statements for the 6 months ended 30 June 2020 ("Financial Statements") as extracted from the Company's 2020 Half Year Report which is now available on the Company website at www.asiametresources.com and will be provided to shareholders who have requested a printed or electronic copy. The Financial Statements should be read in conjunction with the 2020 Half Year Report which contains the notes to the Financial Statements.
All dollars in the report are US$ unless otherwise stated.
ON BEHALF OF THE BOARD OF DIRECTORS
Tony Manini, Executive Chairman
For further information, please contact:
-Ends-
Tony Manini
Executive Chairman, Asiamet Resources Limited
Email: tony.manini@ asiametresources .com
Investor Enquiries
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com / info@asiametresources.com
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Bhavesh Patel / Stephen Allen
Telephone: +44 (0)20 3440 6800
Email: Bhavesh.Patel@rfcambrian.com / Stephen.Allen@rfcambrian.com
Berenberg
Matthew Armitt, Detlir Elezi
Telephone: +44 20 3207 7800
Email: Matthew.Armitt@berenberg.com / Detlir.Elezi@berenberg.com
Liberum
Clayton Bush, Kane Collings
Telephone: +44 20 3100 2000
Email: clayton.bush@Liberum.com
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
Blytheweigh Communications Limited
Tim Blythe/Megan Ray
Telephone: +44 (0)20 7138 3204
Email: Tim.Blythe@blytheweigh.com / Megan.Ray@blytheweigh.com
Follow us on twitter @AsiametTweets
FORWARD-LOOKING STATEMENT
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").
Interim condensed consolidated statement of financial position
As at
Hot Features
Premium
30 Jun 31 Dec
2020 2019
Unaudited Audited
$'000 $'000
============================== ========== ==========
Assets
Current assets
Cash 2,028 418
Receivables and other assets 414 50
2,442 468
Non-current assets
Plant and equipment 93 197
Right of use asset - 236
Receivables and other assets 137 86
---------- ----------
230 519
Total assets 2,672 987
------------------------------- ---------- ----------
Liabilities and Equity
Current liabilities
Trade and other payables 287 396
Provisions 246 89
Lease liabilities 272 78
---------- ----------
805 563
Non-current liabilities
Provisions 434 473
Lease liabilities - 237
---------- ----------
434 710
---------- ----------
1,239 1,273
---------- ----------
Equity
Share capital 14,703 10,969
Equity reserves 56,535 56,435
Other comprehensive loss 74 74
Accumulated Deficit (66,626) (64,511)
Other reserves (3,246) (3,246)
Parent entity interest 1,440 (279)
Non-controlling interest (7) (7)
1,433 (286)
Total liabilities and equity 2,672 987
------------------------------- ---------- ----------
Interim condensed consolidated statement of comprehensive loss (unaudited)
For the six months ended 30 June
2020 2019
$'000 $'000
=============================================== =========== =========
Expenses
Exploration and evaluation (571) (2,528)
Employee benefits (960) (1,103)
Consultants (97) (112)
Legal and Company Secretarial (148) (154)
Accounting and audit (3) (8)
General and administrative (180) (175)
Depreciation (54) (72)
Share-based compensation (87) (78)
-----------
(2,100) (4,230)
----------- ---------
Other items
Foreign exchange gains 283 22
Interest income 1 2
Finance costs (16) (3)
Impairment expense (284) -
Other income 1 -
(15) 21
----------- ---------
Net loss for the half year (2,115) (4,209)
Total comprehensive loss for the half
year (2,115) (4,209)
------------------------------------------------ ----------- ---------
Net loss attributable to:
Equity holders of the parent (2,074) (4,108)
Non-controlling interests (41) (101)
Total comprehensive loss attributable
to:
Equity holders of the parent (2,074) (4,108)
Non-controlling interests (41) (101)
Basic and diluted loss per common share (0.00) (0.00)
Weighted average number of shares outstanding
(thousands) 1,184,961 977,523
------------------------------------------------- ----------- ---------
Interim condensed consolidated statement of cash flows (unaudited)
For the six months ended 30 June
2020 2019
$'000 $'000
======================================== ========= =========
Cash provided from (used for):
Operating activities
Loss for the year (2,115) (4,209)
Adjustment for non-cash items:
Depreciation 54 32
Share-based compensation - 78
Net foreign exchange loss/(gain) 4 33
Impairment expense 274 -
Finance costs 11 3
Changes in non-cash working capital:
Receivables and other assets 13 (3)
Value Added Tax ("VAT") - (108)
Trade and other payables (112) (110)
Other adjustments:
Interest payments on lease liabilities (11) (3)
Receipt / (payment) for security
deposits (50) 7
Movements in provisions 119 19
(1,813) (4,261)
--------- ---------
Investing activities
Purchase of property, plant and
equipment - (20)
- (20)
--------- ---------
Financing activities
Payment of principal portion of
lease liabilities (35) (30)
Proceeds from warrants and options
exercises - 221
Proceeds from equity raising 3,522 2,000
Equity raising costs (64) (126)
---------
3,423 2,065
--------- ---------
Increase/(decrease) in cash 1,610 (2,216)
Cash at beginning of the year 418 2,679
Cash at end of the half year 2,028 463
----------------------------------------- --------- ---------
Interim condensed consolidated statement of changes in equity (unaudited)
For the six months ended 30 June 2020
Total equity
Other attributable Non-
Share Equity comprehensive Accumulated Other to the controlling
capital reserves loss deficit reserves parent interests Total
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
=============== ======== ========= ============== ============ ========= ============= ============ =========
Balance at 1
January 2020 10,969 56,435 74 (64,511) (3,246) (279) (7) (286)
Loss for the
year - - - (2,074) - (2,074) (41) (2,115)
-------- --------- -------------- ------------ --------- ------------- ------------ ---------
Total
comprehensive
income - - - (2,074) - (2,074) (41) (2,115)
Transactions
with owners in
their
capacity as
owners
Equity raising 3,734 164 - - - 3,898 - 3,898
Equity raising
costs - (64) - - - (64) - (64)
Contribution
by parent in
NCI - - - (41) - (41) 41 -
Balance at 30
June 2020 14,703 56,535 74 (66,626) (3,246) 1,440 (7) 1,433
---------------- -------- --------- -------------- ------------ --------- ------------- ------------ ---------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
IR PPUBARUPUUAU
(END) Dow Jones Newswires
August 20, 2020 02:02 ET (06:02 GMT)
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