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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 Shares Traded Last Trade
  0.00 0.0% 1.325 5,280,641 09:43:21
Bid Price Offer Price High Price Low Price Open Price
1.25 1.40 1.325 1.25 1.325
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.51 26
Last Trade Time Trade Type Trade Size Trade Price Currency
13:26:22 O 55,302 1.339 GBX

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Date Time Title Posts
03/2/202313:26Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG))28,394
17/4/202218:16Asiamet Resources Ltd {ARS} (was Kalimantan Gold,{KLG)) (ARS)717
16/9/202121:32C3Metals - Tony Manini & Steve Hughes29
01/2/202114:09Where are we going???1
25/1/202115:24Need the intra-day chart3

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Posted at 03/2/2023 08:20 by Asiamet Resources Daily Update
Asiamet Resources Limited is listed in the Mining sector of the London Stock Exchange with ticker ARS. The last closing price for Asiamet Resources was 1.33p.
Asiamet Resources Limited has a 4 week average price of 1.18p and a 12 week average price of 1p.
The 1 year high share price is 2.73p while the 1 year low share price is currently 0.88p.
There are currently 1,936,553,101 shares in issue and the average daily traded volume is 4,113,369 shares. The market capitalisation of Asiamet Resources Limited is £25,659,328.59.
Posted at 07/1/2023 03:19 by adw198
Hi Mostyn

If our (in country) largest shareholder who have expressed a desire to diversify don’t want to get involved at the project level
then we’re in an awful lot of trouble. Can I ask how you tbink the circa >$200m will be funded?

DOID are just taking the whole thing on the cheap whilst simultaneously taking a nice profit on their share purchases in my opinion. Let’s say they take their next $5m worth of shares at say 1.50 (20% premium) and then offer 3p a share for a full takeover - of course that would go through.


I know full well where the narrative has come from that the share price needs to be higher to get a deal done but that’s twisted logic.


Happy to be corrected on how this might work but nobody can explain how we
can conceivably build a mine.

Posted at 06/1/2023 16:31 by mostyn
Adw198,

I very much doubt that DOID will want to have any direct stake in the project. Nothing has changed to make any direct investment in the project a viable proposition for them. They already have an indirect stake via their share stake in the company which overall is much more valuable than any direct stake in a single project. Any stake at either project seems impossible with the share price at the current level, both from the company's viewpoint (as nobody in their right mind is going to make an acceptable offer to the company) or from the potential JV partner where their owners couldn't countenance the sort of offer that the company would accept. At this price level the only thing that would make sense to either side would be a bid. Even that doesn't mean that any bid is likely to be acceptable to the company from this extremely low base. It's very much a situation where no successful corporate action is likely to be on the table until the share price improves. Roll on.....

Posted at 30/12/2022 11:32 by mount teide
So, after FOUR years of 'monetising' the assets, and the management delivering a near complete destruction of shareholders investments via a catastrophic share-price drop of 92%, the market is given a completely underwhelming update, disingenuously slipped in during the holiday season, to explain, they have yet again missed another business development timeline date!

Laughably, an 'O' level educated 'geologist' masquerading as a clueless Boiler Room muppet has been wheeled out to put in am epic holiday season performance with the bellows, in a desperate attempt to keep the share price from collapsing further, such has been the market's predictable reaction to the news.

As shareholder Jim Royal might say: "Happy New Year My ARS!"

Posted at 06/12/2022 17:19 by mount teide
Successful investing is about making money - Comparative Performance:

Opportunity Cost - Since Asia Met announced the signing of its 'KSK Sale Agreement'(winner of AIM's most embarrassing scam of 2020) with the shysters from Aeturnum Energy on 24th December 2020, £100k invested in each of my O&G investments through to November 2022 would now be worth:

£343k - Petrotal
£271k - Savannah Energy
£262K - Arrow Exp
£220k - Pantheon Resources
£110k - Jadestone Energy
£75k - Touchstone Exploration (up 11 fold since 2017)
£35k - Advanced Energy (sold with 65% loss - after failure of drill with 95% GeoCOS)

£188k - Average across the 7 O&G Companies
£156k - S&P Energy
£111k - FTSE 100
£105k - S&P 500
£18k - Asia Met

When TXP had its London IPO in summer 2017, Asia Mets share price was 5p and TXP's 7.5p.

Today Asia Met is at 1p while TXP is at 56p and been as high as 180p. ARS only needs to 50 bag to deliver the relative return TXP has since generated for its shareholders!

Whoever was behind the recent 80m pump and dump must be deeply disappointed with the outcome - back to the share price and same illiquid volume, which tells its own story.

Over a month ago, posted I would bet serious money on Manini failing to publish the BFS THIS YEAR - reading between the lines of recent announcements, yet another failure to add to the 4 year and counting list now looks as certain as night following day.

Reading between the lines of company communication is a skill that I suspect too few spend enough time mastering - not that it required too much expertise where ARS is concerned, that's why our ARS cash is now worth more than 17 times what it would have been left in Manini's incompetent hands.

The Asia Met Melbourne Country Club has seen Manini living in luxury largely twiddling his thumbs for seven years at shareholders expense......why his beaten down shareholders continue to let that man get away with it is one of life's great mysteries. It's almost like he has Stockholm Syndrome control over them.

AIMHO/DYOR

Posted at 05/12/2022 14:16 by 2lb
His idiocy has created this somewhat bizarre catch 22 situation whereby deals that will actually be worth signing up to can't be agreed upon because they are illogical in respect of the self-obliterated share price.

The strategy being touted is therefore simply to plod on, creating further dilution in the process, and hope that the price recovered to the point where a deal can be executed upon in parallel with the release of an update BFS. However, it isn't even an updated BFS, it's a totally new BFS given that the first one was clearly so sub-standard a total re-write has been required.

The one clear fact that has now been admitted by the company is that DOID were never going to execute on the original deal until they had he revised BFS and debt funding sorted despite his BS to the contrary and so that original RNS was frankly just also BS.

Clear opportunity ahead but every move is now exposing the shortcomings of the past few years. Ironically, DOID now clearly appear to be professionals in all this so that gives hope for longer term value creation once the amateurs are taken out of the equation.

Posted at 08/11/2022 15:43 by mount teide
D64 - you cannot compare TXP with ARS - TXP at its peak was a 24 bagger for the first 1.5m(£112k) I invested of a 2.4m holding at its peak. Even today, after the poor execution of the last few years it's still an 11 bagger for the 60% of the original investment I still hold.

If you carried out some research on TXP you will find that most of the issues the company experienced putting the onshore discoveries into production were the responsibility of the National Government, who's lethargic behaviour processing and issuing the various consents required, badly let TXP down, as the timescale guidance they privately offered proved totally unreliable.

Reading between the lines, I suspect CEO Paul Baay refused to offer bribes and so suffered the consequences.

What many here will be puzzled by, is that if your opinion of Manini has changed, why are you still invested here, when he treats his owners with barely concealed contempt, and has publicly exposed himself as being completely out of his depth monetising the assets? Which to date he has largely used to keep him and his mates in the luxury they have become accustomed to at shareholders expanse.

Equity investing is about getting it right more often then wrong. Long experience has taught me that it's far wiser to invest in a top management with decent assets than a poor management with world class assets. When TXP monetises its massive Cascadura onshore nat gas discovery early next year, it's valuation is likely to make anyone holding from the 7.5p IPO days a 30-40 bagger. We all have our losers.....TXP has been one of my very best, and hardly a smart move to criticise when ARS sits a 1p.


AIMHO/DYOR

Ps when TXP had its London IPO in summer 2017, Asia Mets share price was 5p and TXP's 7.5p.
Today Asia Met is at 1p while TXP is at 80p and been as high as 180p). ARS only needs to 53 bag, to deliver the relative return Paul Baay has since generated for his shareholders!

Posted at 08/11/2022 12:32 by mount teide
D64 - you had the chance to sell at the same price - many others did after posting my research.

You conveniently forgot, as I stated at the time, you would be a mug to sell if Aeturnum's shysters followed through with their proposed deal. After the share price failed to respond in the expected manner on the day of publication of the detail of the deal announcement by generating much more buying than selling pressure - it strongly suggested to any seasoned investor with an open mind that there was something going on in the background that was not in shareholders best interests. And so it proved.

Hubris and buying into the Manini spin saw you mock and ridicule the research, and compound that huge mistake by doubling down on your gamble - because that is what an investment in ARS post the Aeturnum debacle has become.

A binary bet of being able to find circa $250m to finance a BKM heap leach operation in a remote mountainous jungle with 250 inches of rain a year in a high inflation rising interest rate world - since Beutong as suggested when posting my research over three years is worthless, as it can never be developed.

That CAML's outstanding management built a highly successful 15,000 tonne per year Copper heap leach operation in a remote part of Kazakhstan in less than two years and under budget, shows it can be done.

When I first invested in ARS in 2017, Manini's corporate presentation showed BKM as going into production in mid 2019 - his planning was so 'advanced' he even had the temerity to set a target of 9,000 tonnes of copper production in 2019, then ramping up to 25,000 tonnes in 2020!

The appalling reality however, has been totally different - the only thing Manini went on to actually ramp up was a repeated failure to deliver and breathtaking contempt for the people who own the company and pay his wages......while arrogantly blaming everyone but himself!

Posted at 03/11/2022 16:39 by mount teide
B980 - the CEO or one of his associates.

The transaction volumes started spiking when you appeared out of nowhere - much like another Melbourne (nice city) poster that arrived out of nowhere to act as a management shill.......told this forum's readers that he knows Manini and Bird and there is way they would sell out for under 200p a share - he made over 300 posts, all on ARS.

Then disappeared faster than morning mist after the Aetrunum disaster that I called, using nothing more than company accounts and reports in industry journals and an open mind .....all were freely available to those prepared to look.

When is the next drilling on Beutong scheduled for? As I'm sure the local community and regional Government would like to know, so they can prepare a nice warm Beutong welcome for the drilling contractors on arrival!

After getting run off the site 3 years ago, strongly suspect if they show up again, they're likely to be the ones to get another ARS drilling not Beutong's pristine rain forests!

Beutong - the asset that no ARS Board member wants to talk about and the company has had a cessation of operational activity on for nearly three years! Why?

AIMHO/DYOR

Posted at 03/11/2022 15:06 by mount teide
'If memory serves me right, it didn't stop you when you were selling your shares.'

After posting my research, everyone had nearly 2 weeks to get out at around 5.5p if they wanted. Some of those that did, and subsequently PM me to say thank you, would now need a 5 bagger just to get back to break even(before adjustment for inflation).

A few of the PM's I received thanking me for posting the research:

'MT - I sold what was left of my ARS at just over 5p after reading your recent detailed research. This deal always seemed too good to be true and your research convinced me to sell what remained of my holding. A lot of people on the BB owe you an apology, but the most important thing is that your hard work, shrewdness and willingness to share what you had found saved a number of people a lot of money. Thank you'

'Firstly a big thank you. As a result of you posting the google translated document about Beutong I sold three million ARS shares. So, you saved me some serious money there!'

'Should have listened to your warnings about ARS when you raised doubts MT! Good call. At least my TXP holding has done well - thanks for the steer. Should have stuck all the ARS funds in that!'

'I sold a couple of weeks ago, well in profit, because of what you were posting. Thanks MT.'

'MT. I would say you were very patient to hang in there for this long, as I recall you saying (summertime?) you would give it until August or September and then exit. So you gave them enough rope. I'm surprised you waited so long. You've been open with your views and dealings.'

Some free advice, always treat the management of quoted companies as lying, thieving shysters until they prove otherwise. That came from one of the City's most successful Fund Managers who twice 'invested' in companies that subsequently turned out to NOT EVEN EXIST.

The SAVE shareholding which received my ARS Cash is now worth 17 TIMES what the cash would currently be worth had I not acted on my research and gut feeling.

Best post I've seen on ARS for a long time, which sums the investment case issues of the last 4 years very well:

'If you look dispassionately at the last 2-3 years, the “saga” of ARS all boils down to the fundamental failure of BKM. Go back to the original PEA numbers, then reflect on the regular bullish drilling updates... what happened was , as the BFS was pulled together, it became apparent to Bird and Manini, via data from the consultants, that BKM was uneconomic.

As an exercise in moving it up the value curve ,it was an unmitigated disaster. After trying to blag it and delay its publication, they then had to go drill more holes to try and make it economically viable. 6 months later we got a BFS that was a shadow of the PEA , delivering a paltry 19% IRR.'

Posted at 03/11/2022 11:10 by mount teide
Brad - new account opened yesterday and 13 posts all on ARS.

You're going to have to try a little harder than that son!

As with the Aeturnum scamsters you could have at least given us some respect by deploying a little sophistication to make it a challenge worthy of our intellect!

For someone with such a hugely overinflated opinion of himself you're making it far too easy.

The timings of your posts clearly give the game away - my Aeturnum forensics antenna points strongly towards either the new CEO or one of his various side kicks.

You wouldn't be the first CEO to get an ARS kicking from me by making the mistake of posting anonymously on Advfn - as the CEO of MPL well knows.

So, when can your owners expect the first update for the 18 work streams in the BKM Value Enhancement Project that the management have yet to provide them with in over three years, after fraudulently telling them to expect a "rich news stream" going forward from a project being conducted 5,000 miles away from the asset, in their opulent offices in sunny Melbourne.

If you had taken the trouble to read my posts back to 2017, you would have found I once was a supporter of the company and its assets which I considered a compelling investment case, until the 'Boeing" Management publicly demonstrated that if you're incompetent, untrustworthy, unreliable, and duplicitous, the market will always price the equity accordingly.

That's why the share price is back to 1p.....the market simply has no faith in Manini, who if he had a shred of integrity would have apologised and resigned after being publicly humiliated in the most excruciatingly embarrassing way by a group of SE Asian scamsters at SHAREHOLDERS COST!

Rather than going the honourable route by taking responsibility for his actions, to arrogantly dismiss that extremely expensive debacle as a 'hick up" is not only breathtakingly disingenuous but highly offensive to those that PAY all your wages.


AIMHO/DYOR

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