Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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It’s dreadful… So many lies.
No mention of it in the RNS. The question still remains where will the $240 million come from??
I'm in the same boat Shards
Does any body out there seriously believe this mine will ever be built? We have had years and years of updates and reports about how we might build it and what the power supply would look like and how we would deal with ecological issues and how the financing could potentially shape up, but none of it ever progresses into actually, physically doing something. It just seems like an administrative job creation scheme with no end product. I'm so far under, there's no point in selling but I have, literally, zero faith in the company ever building this, or of me ever getting a return beyond small change
Slowly ticking boxes, time buy on these lows, 4get old share prices of asiamet, hopefully by time construction starts and into production copper be way pass 4 .trying keep costs down.
Robert Friedland
28m
@robert_ivanhoe
Morgan Stanley on #copper: Perennial #copper supply deficit materializing. As of mid-2023, our house view was that the #copper market would be in a slight surplus in 2024 and 2025. On the back of widespread #copper concentrate supply disruptions and delays in the ramp of new mine projects, the #copper supply balance has changed quickly and our commodity team is now forecasting a shortfall in 2024 and significantly higher deficit conditions throughout the rest of the decade.
.............
#Copper TCs were fairly stable last year, averaging ~$84/t, but they declined rapidly over 4Q23 to a current spot of ~$9/t. This highlights that the concentrate supply stress that has been building in the past few months will finally start to tighten the refined #copper market. Against this backdrop, our commodity team is increasing its price forecasts to $4.38/lb in 2024 and $4.41/lb in 2025.
When they next do a fundraise to DOID it's gameover. DOID will have this in the bag on the cheap. They will then be taken private and DOID will fund it to production. It's so clear what the game is here.
There is nothing slow about the project. They're ticking off the boxes as they proceed and as they said they would from previous RNS...Mining projects take years. If in a hurry, play roulette at a club!
Many things going on in parallel
Indonesia and Malaysia together produce more than 85% of the world's Palm Oil with Indonesia being the world's largest supplier.
It is a major source of income and employment for the indigenous communities and has contributed substantial improvements in healthcare, education and the overall quality of life. Indonesia exports Palm Oil generating massive revenues for the country and is predicted to grow further in the coming years.
Despite the economic benefits and poverty alleviation the Palm Oil industry does have it's own issues. Fast expansion raises concerns over sustainability and impact on the environment. Increased efficiency at the mills and plantations and maximise utilisation of biomass waste product (1 hectare produces 50-70t of biomass waste) to meet energy demands is one solution not only reducing the cost of waste but simultaneously increases profitability through power generation.
The mining industry where ESG demands are even more prevalent, mine site power generation utilising a local waste (problematic) product is a 'feather in the cap' for Asiamet Resources.
I guess I'd just like to see this mining company actually do some mining. Is that too much to ask?
Slow progress being made, in no rush, I'm sure will hope copper would have pushed much higher by next year and interest rates lower, to get this into production, further raise later this year, doid firmly in control,
Do you have selective deafness, or are you just ignoring the fact that you've been shown the RNAS detailing the drilling results for Blesberg several times now?
42 drill holes were completed for both Phase 1 and Phase 2 drilling at Blesberg and reported via RNS months ago. Sorry to bring fact to your deluded rambling. Maybe stop ignoring fact so you can carry on lying eh?
RNS here, for the third time. Read it this time Trigger.
https://polaris.brighterir.com/public/marula_mining/news/rns/story/w9n6l1r
The point of a Jorc resource is to provide an audited account of what size of resource is in the ground which then can be used to feed into a pre, definitive then bankable feasability study.
All of this takes years, sometimes a decade and is required before a bank will invest in the project as there is then a high confidence that the investment can be paid back.
This is required when a resource is large and complicated. With the DFS for asiamets primary asset, the IRR for example is around 30% and the NPV has a range between $100m to $250m or something.
This is a project that requires a lot of infostructure built, including a biomass power plant. It's a hugely technical undertaking. Simply having a robust JORC is just the start of the journey.
You can't compare this normal sequence of events with Marulas projects as they all have high grade at surface wherr there are existing mining operations. The projects are all fully funded into production already without the costly and lengthy feasability studies.
The CPR and JORC are being done, but as money is available and the projects have already been calculated by multiple (competent) mining engineers as feasible, the Company have fast tracked buying and designing the processing pant before releasing the drill results.
Its backwards but the economics of the resource are such that its almost guaranteed to have a very short payback period for the money invested. (IRR well in excess of 100%)
Copper, grades of 10%+ in places at surface and is already being mined and sold profitably by the 30% owner who is already established in the area.
Lithium, a stockpile of material extensively tested (30 tonnes of sampled material) resulted in an average grade of over 5% LiO2, the offtake is for 5.5% minimum and they are targeting over 6%. The stockpile is over 46kt so do the maths. No drilling or blasting, only JCB's, crushing and sorting and it's $1100/t plus $500 byproducts, beforenwe even consider what is in the ground.
There is an assessed 30km along the road too which is same geology and 80x larger waiting to be explored from profits later this year.
That puts the stockpile alone at an in situ value of $700m. Not bad for a capex and exploration spend of under $7m
This rainwhenidie character is insufferable! Been trolling Marula for almost three weeks now. I hope they either buy in or go away.
Let's hope not just short term spike, 4 looks under threat.
Now 4.1593
https://invst.ly/14128k
Full ask paid there/
New Year High
Day's Range
4.0453
4.1335
Atm >>>Copper 4.1282
+0.0827(+2.04%
Well run company, I'm sure will get this mine away and into production, at these levels should be good but share price wise copper looks be breaking out, let's hope. GLA
Yes been on rise of late, let's hope it holds and moves higher, along with asiamet share price
4.0122
+0.0802
(+2.04%
-
https://invst.ly/13yyng
.US$4.0 million (£3,302,019) non-brokered private placement to PT Delta Dunia Makmur Tbk. ("DOID") (the "Placement"), through the issue of 366,891,000 new common shares of US$0.01 each ("Common Shares") at an issue price of 0.9 pence per share (the "Issue Price"). Back in Nov 23, would thought enough finance c them through too 2nd half,
They must be near one. Can't have much left in the coffers