George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Dated 26th April, asume there broker, mayb reason of late of rise, duster an
Well worth a read, only just released:
https://mcusercontent.com/a1fb04e53b13f07f4600886ee/files/4312b33a-afed-2f2e-07d6-28668d46d268/Asiamet_Flash_Note_260424.pdf
Forestry too borrow too use permit I believe is final permit waiting 4 since 2020.
COPPER UP HIGHER
4.5780
+0.0335
(+0.73%)
https://www.investing.com/commodities/copper-streaming-chart
34%, ok thanks, accepted.
My assertion that they call the shots still stands. They’ve got 2 members on OUR Board, ie those 2 members get to see the extent of any / all interest and have a third on any vote. They haven’t been appointed to sell shares at a profit. Just look back as to why DOID bought in to begin with.
Whats the official plan for funding the $230m build
cost and what’s the plan to keep the business going?
Im a novice on here but my god it’s so obvious DOID will make a lot of money and PIs won’t.
So they don’t own 66%. Therefore they don’t control the company. I think the company realise it’s time to sell before there is nothing left. Fingers crossed they are successful.
DOID own 34% of this outfit.
Hi Tinkle,
Fair post that, but for me the elephant in the room is DOID. I don’t think they’ve bought in for a trade so we need to look at their motives and likely actions. I’m sure they could be tempted by a massive offer but realistically they aren’t going to sit back and let others take us out - and they own enough to call the shots.
They’ll be no final permits because we haven’t got the money to pay for them. I agree no bank will lend till they know they’re in place - but no bank will lend $110m to a company like us who’ll probably need to report a going concern risk (again) at results time anyway. Basically we aren’t getting funded so the for sale sign is already up. My contention is DOID are the only likely buyer.
Why would there suddenly be a bidding war now?
It's perfectly obvious why no one is bidding at the moment. Any interested parties will need to wait until they know the licences are all in place and there is a guarantee from the authorities that the project can go into production. Likewise, no bank is going to offer funding either without full authority approval. That is the missing piece of the jigsaw.
I believe these are expected to be approved soon. If there are genuinely more than one serious party looking to buy or invest, an offer from one will force the hand of the the others, whether that be diod or not. Hopefully that will set off a feeding frenzy and the full, or near, value of the companies assets will be realised. Beutong should be worth a $ per tonne or ore and the rest around the $200 million mark. Any final price depend on the keeness of any bidders and how much discount they can extract from that.
The current share price is fairly rationally in that context but with the approvals in place, should be at the 5p mark straight off.....theoretical!
All very well having these NPVs and speculating about takeover prices but why isn’t anyone asking why DOID aren’t bidding? Nobody is close to this than them. To me it’s blindingly obvious they’ll take us out, I just hope it’s soon rather than later because I can’t imagine the $4m lasting that long.
Yes that's my estimate of around a 4/5p takeover offer.
Given BHP have just bid for Anglo American for their copper and others are expected to submit counter-bids, I certainly wouldn’t rule out 5p plus for ARS
All spec stringer, mentioned on another board further fund raise soon, personally think financially OK at moment after raise back in Nov 23 of 4 million talk of partner, selling some of assets or all, banks coming in too finance, ect ect. all be revealed in coming months or sooner GL
Correction: asset valued at 5/10% of what we know "so far" to be in the ground. NO ONE knows how extensive the KSK
resources truly are .
It should also be noted anyone who bought in at 5p will never see that back.
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.