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In a short while they'll need to go to DOID for another dilutive fundraise. Doid will then likely own 51% of the company, they already own 34% of it. What do you think will happen then. Either they'll take it private or make a low ball offer. That's the state of things here right now.
The asset value is between 5 & 10 percent of what in the ground .
You do the calculations
2p sale I reckon.
Net asset value is relevant if they are selling to a bigger player. Which I hope they are.
Been about 6 months since they approached the bank (whoever they are) it doesn't take this long for funding. They've cleaerly pulled out and said NO.
They'll get funded. No problem there...They are ticking all the right boxes as they go along...
NAV is irrelevant if they can't get funded. Until funded NAV may as well be 0.
The NAV off this share is worth many multiples of the current share price.
Anyone getting in at these levels have timed it very well.
If the company get their starter project, BKM, off the ground this thing is going to seriously re-rate. Multi-bagger opportunity IMO.
Up on small vol, seller not so active. Been threatening break out 4 some time
Copper price pushing towards $100000 a tonne. Looks highly likely to make a new All Time High soon.
Asiamet continues to be valued below 20£million. For a company with an advanced copper project that will generate 25,0000 tonnes Copper Cathode annually the level of cash flow is enormous.
I highly suspect we will see the first offer for KSK come in shortly.
Copper price surging upwards again today. Yesterday at the close you couldn't even buy £500 of shares. Not much stock around at these low levels. Let's see if all the stars are aligning....certainly looks that way
Leaky? 14 trades lol.
Asiamet has been leaky for years.
Current volume increase and share price movement upwards suggests something of significance is coming.
We all know that this could easily double on one rns.
Downside risk is minimal based on market cap being so low.
It’s a compelling short term trade.
Sadly I agree with stringer. Copper price has changed but I've not seen any signs of progress with ARS.
It's been positive for 10 plus years. Looks like the bank said no.
It’s been a really positive few weeks here. Some decent size buys.
With ARS having an oven ready project, potentially a takeover target/joint venture play. It's a screaming buy at these levels.
0.80 paid there.
4.5045
+0.0680
(+1.53%)
https://www.investing.com/commodities/copper-streaming-chart
Edging price up, thin trade, think this will move in time, copper still very bullish longer term. 1p plus target 4 now lol.
Hi, here is something I thought you might find interesting: - https://uk.investing.com/news/commodities-news/analyst-who-was-right-about-copper-prices-rally-is-back-with-the-new-forecast-3443498
Anecdote - In the early forays up the headwaters of the Mahuroi (1982-3) Mansur collected by dredging over 2.5Kg of 22/23 Karat gold
BKM NVP on the detailed & refined feasibility study is well above $200m at these copper prices. BKM sits in the KSK district which is part of the Asiamet assets. KSK has another 20+ project targets with the other major one being BKZ which again is detailed.
With a company valuation at 15 £million it is a compelling takeover target with one of the few global near term copper projects so advanced.
Anyone buying at these levels of share price would double their money easily and likely do much more than that.
Selling has now moved to buying and can easily see this stock moving really fast with such a low free float.
One of the best, if not the best value, junior miners on LSE/AIM.
Clearly market not buying into it, selling, been here b4, now or never, copper priced well and outlook good, All be revealed in months too come,
Proactive this morning:
Asiamet Resources has reported high grades from grab samples collected during due diligence site visits to the BKM project area in Central Kalimantan, Indonesia.
Several visits were undertaken to the KSK licence area in recent months by prospective partners or acquirers, said Asiamet, with four surface grab samples collected for confirmatory analysis during one of these visits.
Two samples recorded grades at 24.0% and 23.3% copper while outcrops contained significant grades of other metals.
Asiamet added the results were consistent with previous surface sampling and reinforced the upside potential of both the BKM and BKZ deposits.
Darryn McClelland, chief executive, commented: "The recent due diligence site visits have been very positive with good feedback received from all groups.
"The assay results from these grab samples are outstanding and, specifically for BKM, provide encouragement for the company in the fact that samples of this grade are found at surface.
“ Our current mine plan targets mining of high-grade starter pits from the BKM resource delivering high-grade feed early in the life of the project allowing strong ramp-up of copper production.”