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There really isn’t many Shovel ready projects in Asia.
Copper 4.6418
https://www.investing.com/commodities/copper-streaming-chart
BKM is one of only a handful of advanced Copper discoveries with a full feasibility study completed. Advanced engineering plans for mine build, complete infrastructure plan & almost all permits in place.
Of course a major player would take this on & with the right funding advance the project to mine build & production Quickly.
Break 1p and breaks are off!!
Another recent article worthy of a read, talks of 7p targets:
https://www.proactiveinvestors.co.uk/companies/news/1046326/is-oversold-asiamet-a-potential-bid-target-this-broker-thinks-it-might-be-1046326.html
Well I hope your not invested then.
Going up on copper prices, will it retrace too placing price. . 9p and stop or move higher, low vol, still think offers good value, has, risk, great movement but 4 me breakeven 1.5 I'm sure 4 others higher,
They can't sell it because they don't even have permits.
Only 20m
Asiamet will be sold as a whole company or they will sell KSK & buy a producing asset or developed Beuetong.
It’s now a case of how much they sell KSK for. NPV of BKM at these copper prices is greater than 6p per share. Remember
BKM is one of many deposits in the KSK district.
Nobody is talking about Beutong - which hold 5.3billion lb’s Copper plus Gold & Silver.
0.85/0.93
atm
Company's more interested in mining projects built or near completion ready too produce, ars still trying get costs down otherwise costs 230 million pound plus build.
Very interesting. Well worth viewing:
https://youtu.be/IVAP9S4tCsM?si=ca0kb2A-deVOuIBn
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