The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Out of interest. you say they realised ksk was a tough nut to crack. what do you mean by that!?
From my understanding have till beginning Nov 23 too take this option up.
Been little news on doid and interviews not really mention doid other than supportive, not taken up there allocation of 2 directors too board, or taken that option of raising further funds through their option they were given, need declare cards soon.
Vale are to invest in a couple of downstream processing/refining plants for nickel and cobalt in Indonesia. Value of the investment, US$9 billion.
Under guidelines for US law, Washington requires a certain amount of critical minerals in EV's to be either sourced from the US or from a free trade partner for EV's sold in the US to be eligible for tax credits. Indonesia has invited the US to begin talks on such a trade deal for critical metals so exports from the S.E.Asian country can be covered under the US Inflation Reduction Act.
This may not affect Asiamet directly, but indirectly it's another plus. Right time, right place.
Interesting. must admit i have not looked into the history of ksk prior to ars involvement in it.
We have been at it for a very long time. Did you know that a lots of top Companies have looked and are looking at KSK.
Some top names have already invested millions exploring KSK but for one reason or another they moved on. People like Paringa, Molopo, Ciprus, Oxiana, and even Freeport McMoran invested some 30+ Mil into the project. They moved on but we stayed and we acquired all their data virtually for free. (although Freeport will need to be reimbursed when we become profitable ) They were all very enthousiastic and excited about KSK (for good reasons) but realised KSK was a
tough nut to crack. A get rich quickly is not in this venture DNA.
I wonder whether ars management would be interested to partner up with someone to prove up the rest of the ksk. surely given BKM is at feasibility stage and the similarities in surrounding areas with bkm should entice the interest of majors !? or is it because they dont want to give up a part of the project!? might have bitten off more than they can chew. maybe or even likely the majors are watching but waiting for the best moment-either get ksk into production remove all the risk or fail and see ars close to bankruptcy and buy us out.
US$236.5mln cost of mine lasting 9.2 years of mine life, can they raise that sort money in today's environment,
Just think there in no rush, hopefully next year inflation much lower bringing cost of building mine lower and copper prices higher, may be forced into taking much lower price 4 assets if struggling get mine into production, no mention of there finance as of now, doid still with that option, much of that interview all ready no, lot dribble.
Any1 listened interview recently, usual Tony talk, nothing new, talking about lead bank possible this quarter, thought very lucklustre interview, will go on well into next year, moving slowly, possible his hoping copper will bounce hard, bid I feel unlikely now, appears, very little interest buying, aomeway away from really getting this if ever into production. GLA all ways worrying when go via zac mir 4 interview,
Why have they changed there adviser this late into becoming a producer, hopefully not funding, DOID haven’t yet taken their next $5million or their places on the Board, results end June due, worrying share price not moving, very little trading, always many in the know, of what's going on behind scenes reflected in share price, good c copper moving higher on some better news out of China.
Strand Hanson Ltd appointed Nominated and Financial Adviser. The same company appointed by Edenville Energy which has just changed its name to Shuka Minerals (SKA).
(Irrelevant but "not a lot people know that.")
:-)))
Nearly 4 months since release of FS and still no closer too getting this into production, unlikely now copper going higher 4 some time, china's economy in trouble biggest consumer of copper, plenty news flow on lot fronts, make or break. GLA
After a 3 year hiatus 121 Mining Investment is back for the second time this year on 9/10th October, connecting 30+ junior miners with top miners and Investment leaders from the region including China. Asiamet attended in March.
Teck different league value wise, but yes asiamet primed 4 some1 come in buy all outright, just very cautious they can raise finance on there own with doid biggest shareholders with out lot dilution, only my view
Literally every big company from bhp, teck to rio is talking about the increasing need for copper and matching their talk with increased investment in copper projects. meanwhile copper is trading closer to all time high than it is to all time low or the midpoint. and copper productions is getting hit by lower grades, disruptions eg. 13 year drought in chile(produces near 29% of all copper produced) and huge new demand coming from government supported green schemes in all over the world plus the expected increasing living standards should see copper prices balloon upwards with multi year low inventory levels. isnt glencore's bid for teck indicative of a bullish story for copper in your opinion!? or is everything worse and its doom and gloom
Followed this company on off 5 + years when touched 10p now 1.2p market cap 25 million, in now a very difficult climate too what it was then, different valuations, timing everything,
Constant drip feed sells back too where we were
Just sell whole project, wrong time try get finance on its own, copper unlikely recover anytime soon, this project only aprox 10 year mine life.let some1 take it on who can move project into finance quicker and develop orher projects, beutong needs more time lot money drilling ect, at least 5 years away ,quite clearly markets not buying TM story, news flow coming next month, fingers crossed 4 some real positive news, or JV
I take that back about far east gold..its actually quite decent. i was just swamped with some other pile..sorry . not sure which one has the jorc compliant mre? but it is cruel how the market values their hills as equal to our economically proven reserves. its like where i would expect asiamet to be valued without having defined and proven bkm's value or done any drilling on ksk or beutong except some prospecting activities or sampling !?
nice find interestingly far east gold trades at near enough where we trade at, at 30mil with having secured rights to acquire, explore, develop and develop six 'advanced' projects- (i wonder what their definition of advanced is!?) and one with a jorc resource. some of the junior mining companies are hard to understand. like is anyone visiting their website who is not an investor??. if not then why make the website so shiny and full of glamour instead of just going down to business..**** its annoying
Eurasian Resources Group (ERG) has purchased US$4M of a US$6.9M placing and subscription in Far East Gold (ASX:FEG).
Far East holds the Trenggalek copper-gold project in East Java, of particular interest to ERG, who has been granted 'first right of refusal' should the project come up for-sale.
Insignificant news this may seem, but ERG are a global mining giant and one of the world's top 3 cobalt producers and the world's largest producer of ferrochrome with annual revenues of US$8.5Bn, around twice the size of Newcrest for comparison.
Their interests lie in Kazakhstan, Africa and Brazil but this appears to be their first venture into Indonesia.
Thanks for the lead bs.
We do not have deep pockets . At a million + bucks per hole Hate to think of the gamble when you consider that we went from 40 million to 2 billion + shares exploring a near surface deposit. Lets Stick to the original plan. Develop Beruang Kanan (BKM+) prospects as the first cab of the rank and take it from there. Once we are in profit move on next to one of the other 30+ prospects already identified on the KSK concession. There is plenty to come . No need to jeopardise unecessarily our position .
The risk-reward profile on a successful 2000m hole at Beutong, far outweigh the costs involved in drilling.