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" He seemed to have the utmost confidence in the assets and said that they were too good for a deal not to happen. He was fairly balanced with regarding to timing but reiterated that it was only a matter of time."
It looks like our patience is tested once more. Does it matter if it is because it is election time, a currency crisis, political
upheaval, giant forest fires, interest rate skyrocketing, island racial riots, financial meltdown, commodities pricedown, equities market bubble burst, or mining laws changes to name a few Asiamet had to face them all. So why not coronavirus this time?
The quality of Asiamet'assets are not in question .So is there something which is holding up the development of its resources for the past 2-3 decades? Does Asiamet ought to revise its policies in the view that conditions in the world
in general are deteriorating rapidly? I believe that is where success is waiting.
Copper starting drop again this virus not looking good.could have impact on already fragile China economy
TM really needs to get a deal together soonish because by the time BKM is up and running we should be in bigger copper deficit mode. (Might not get the best terms but unleash value in Beutong and the rest of ksk)
That would bode well for shareholders who can hold out for maybe another 12-24mins?..
Deal will be done I'm sure but in this market conditions mayb not on such good terms markets will just be relived have injection of much needed money too start drilling not expecting fireworks in this climate 3p target. Still much selling as there r buys good luck all been horrible share too hold
Like to think this quarter . Time will tell as you say
Richyf - we all know your thoughts both here and on twitter! :)
I do agree with you but it all comes down to time...
Deal this quarter, next... 2020 Q4?
Zero changed here for me , Tony is going to be doing a deal , these assets have significant value and the supply and demand for copper is only going one way
Great! Does Tony ever talk about value and valuations?
Not to 4get his had offers I believe in past at much higher market cap.copper on back foot again.expect copper bounce hard once virius comes under control
Thought it might be worth a punt at this level. I note also the TW (and gang) are recommending this as a trade (3p+ in a couple of months time). For what that is worth....
I reiterate that although I didn't get any additional information, it did reassure and I added to my position to lock away whilst they are cheap.
I have a line into Tony and although it too some time to be able to pin down a call, I can say that I spoke with him a couple of weeks ago, he said that he has been working flat strap on moving forward with partners and has been beginning to get some traction with both Indonesian and Chinese groups with new groups showing interest too. He said that there was a lot of activity in the data room and that multiple site visits were underway. He seemed to have the utmost confidence in the assets and said that they were too good for a deal not to happen. He was fairly balanced with regarding to timing but reiterated that it was only a matter of time. Didn't let slip about the recently announced restructure but said that he would be spending a lot more time in country as Asian investors require a lot of face to face time. It was a very reassuring call good to hear from the horses mouth. Nothing too new here for everyone but he is working to plan and sticking to it.
Markets dont appear to b pricing this in.await and see.copper not helping with the virus. All ways carefull of rumours but makes sense what Mav is saying
What, did Tony called you to tell you personally?
After last weeks news (as I said we would hear) the only reason we have not heard or seen Tony Manini doing an interview is the fact he is so close to a major deal that he is waiting to announce that.
The reason we have seen the move of headquarters to Jakarta and him replacing the CEO is because the partner will insist the CEO is based in the country.
We are only days or a few weeks away from news that Tony has completed a major deal with a partner. The new board Director Sheng will be behind the deal.
There is no other company valued at only 25 million pounds with a bfs completed with an NPV of $140m plus an enormous asset (Beutong).