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US$5 million will be raised, if option not there would have do placing which would be much lower and kill share price.
DOID are adding no value to us whatsoever only dilution.
Credit approval from bank first phase bank credit approval was done late July, and suggesting completion end year, next news I'm sure be appointment of DOID's 2nd director too board followed by there uptake of option they have which I believe has be taken up by early Nov,
The banks are indeed cautious... however they have been in discussion for a while and want to get it done. Under financing can be as risky as over financing.
Suspect that news will soon.
SP is dropping on low volume ie bored traders not on volumes that would suggest someone knows something negative... because there is nothing
I suspect it is the banks who are cautious not Asiamet. Asiamet will want financing wrapped up as quickly as possible.
Positive thing if doid take option up, could start see some movement upwards 1.5+ on relief that financing secured and news flow will come, doid 4 sure will be up on key events of how this is progressing. So would be positive sign them taking financing option up. GL
Last raise got in 1.15p could be bit higher this time, but u can see my point it's in doids interest keep price low, cafe fully thought out and planned I feel, don't feel asiamet in no rush at moment push project through, with way coppers playing out,
When the SP was 1.6p, a 20% premium would have been nearly 2p. If the SP drifts down to 1p again, DOID will pick up at 1.2p. Depressing stuff. Some good news much needed here for once.
Steven49, don't make up a load of nonsense...
Any new shares issued through the DOID Option will be priced at a 20% premium to the 10-day VWAP at the time of exercise. Playing out into doids hands will get them cheap, any positive news will be held back till they take this option up,Share price being manipulated in doids favour,
Uninspiring set results, still in doids interest keep price low, If decide take option, financialy OK till end of year, still think doid were drip feeding as long as keep holding above 19.9 %
Copper price ... The price today is not the issue, it is where people think it will be when producing.
I think everyman and dog are convinced that it will be higher than where it is today
DOID are not drip feeding sells ... please use a little common sense
Do or die now, needs start getting some positive announcements out, taking too long, don't believe copper prices will recover anytime soon, still feel TM needs go, dog of share at moment.
Quite clearly in doids interest keep share price low 4 there, DOID Option will be priced at a 20% premium to the 10-day VWAP at the time of exercise. For US$5 million, clearly planned out, iim sure it's them in past been drip feeding sells into market keep rice low,
1 elected another too come, looks like option 4 doid take additional finance share option going be taken, reason share price held back.
Copper too at critical support level, next week hopefully news on progress, still think going struggle get this project away in this climate.
Doid from my understanding have till early Nov execute there option, otherwise will need locate altenertive funding options, TM says have full support of doid so expect them too take option.
Potential lead bank visited due negligence done 2 months ago, so will need update shortly if all on track along with results, dragging it out,
Worked it out, steven49 filtered along with GeneralZod.
How do you do that? Have looked and maybe am being a bit thick but can't see anything obvious.
I filtered him/her/they/them/it long ago!
Ok but at least they are doing something, not spending their time populating this board with meaningless messages..go see a therapist or something. its pretty obvious you got other much deeper problems than your investment in ars which you claim is only a punt
Needs get something out too markets, 4 months more since release FS no interviews please TM.
Over due results end June, normally released Aug, will get idea of financial position, and if doid intend take there option up, markets as of yet not taken too company,too many unknowns,
Well over the years we are told it has not been a walk in the park. Firstly the first few years it took 3 weeks+ to reach camp site as there was no roads but only accessable by rivers pirogues and jungle tracks .. Monsoons or dry weather always complicated things and also made living conditions extremely taxing. The presence in this very remote work area of the orang Oot who considered that to see or talk to strangers was bad luck so much so that they thru stones but they could never be seen. Jungle massive fires and blanquet of smoke for weeks on end , access permit , logging road usage negotiations, Indonesian political unrest, changes of government policies , emergence of the green movement, an Indonesian public service in name only, uncertainty about legality of tenure and changing regulations causing long delay, new unpopular /restrictive mining laws, appalling ethnic violence of 2001 and on going tension (Dayak & Madurese), The great financial crisis, etc etc. I hope that one day Mansur who has been there since they first pan the alluvial of the Kahayan head water will write a book about KSK. The Indiana Jones story writer will eat his heart out :-)