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Great post AndreK, I unfortunately still have shares in AIM but will never do it again.
As you say, you think you have it all boxed off with research like, proven management, done it before, desperate need for the product blah blah blah and still something crops up.
Like you no more rainbow chasing for me AIM is just a badly regulated joke.
sold out ages ago...reality is these are high risk plays and you need to know a world of information about mining and geopolitics and resource evaluation and future possibilities and market cycles and literally everything :p. and if you figure that out and manage to get all the future estimations correct down to the ******* last bolt and screw you can still go wrong as the bigheads in hzm have proven. what a waste aim market is. i dont own a single share on aim anymore and my portfolio is doing quite well .
Interesting c if this holds and breaks higher, do think copper due move higher,
#Copper futures 3.9216
⬆️ + 1,2%
https://tvc-invdn-com.investing.com/data/tvc_fea20fd1703d8a98e7c7fbea5e22cd45.png
@steven49 the risk here now is can they raise the funding before they run out of money from the last DOID handout. If not they will give this to DOID on the cheap. Then game over for investors!
Time buy is when others, selling all time lows 4 best rewards, look at bitcoin, when 18000 few years ago, all writing it off now near all time high, my hope is copper will go much higher at sometime, still think outside chance getting this into production. GLA.
With DOID already owning 34.5% of Asiamet the next fundraise will likely give them 51% ownership. Then they'll take it private. It's the ultimate con.
1Calypso - looks like a dog to me right now. Avoid/sell up for the moment for sure.
steven - thanks for your help.
Lol do u research
Just loooking into this share. SP down more than 50% in 6 months. Thoughts as to why?
Times change, different enviroment
Exactly. They have said they wouldn't accept low ball offers, so why they mention interested buyers, knowing any offer will be low ball is beyond me.
Precisely what Asiamet won't do, is give the assets away!
All looks great on paper in reality any offer will be for double the present mcap.
This is Beutong:
Contained metal in Resource on a 100% basis comprises 2.43Mt (5.3BIb) copper, 2.11Moz gold and 20.9Moz silver (1.95Mt (4.30Blb) copper, 1.69Moz gold and 16.73Moz silver on an 80% attributable basis)
The Beutong porphyry and skarn system(s) remains open to the east, west and at depth. The deepest drilling completed to date has intersected porphyry mineralisation to around 800 metres below surface and approximately 200-300 metres below the depth of Resource delineation drilling completed to date.
Strong copper, gold and molybdenum grades and the presence of highly mineralised chalcopyrite-bornitemagnetite bearing breccia clasts proximal to a large magnetic body modelled at depth below current drilling highlight excellent potential for the discovery of a high grade core similar to that seen in world class porphyry systems such as Wafi Golpu, PNG (Newcrest) and Cascabel, Ecuador (Solgold
What price would they get from outright sale? A Big Mac, Fries and a large vanilla milk shake posibly an apple pie thrown in.
Which is why they trying to and develop it themselves.
Lets hope so and not just being fed lot spin as Tony waa doing through interviews RNS.
Mention there of asset or company sale, sell one or both assets, beutong sale 4 what value, help with financing mine, what's it worth, need read detail, surly value at this level, doid in at much higher av, looks promising, bringing partner in 4 KSK beutong or both
Possibly not stringer, a decent rns tbf.
Can us LTH's escape this unscathed after all these years...
I think this lengthy silence is bad news. Probably been turned down for debt finance.
Need progress report, even if no progress been made, taking so long,
$30 Million that is....
As mentioned already if they can't get debt funding then a low ball offer of $30 perhaps for the lot.
Exactly LL. Everyone is looking for copper right now and not only the Majors. The Saudi's acquired 51% of a Zambian mine complex for US$1.1B late last year and the Indonesian's are building the 'go to hub for battery metals' including copper. Right time, right place!
It's a binary play now. Sink or swim for this lot.