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Share Price Information for Asiamet Resources Limited (ARS)
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Intraday Asiamet Resources Limited Share Chart
Asiamet narrows losses as costs decrease
Asiamet reported a loss of $4.2m for the six months ended 30 June, a 32% reduction year-on-year driven by a 27.5% drop in total expenses to $4.2m.
While the AIM-listed group remained debt-free, closing cash tumbled 82% to $460,000.
From an operations standpoint, Asiamet completed a feasibility study on its BKM copper project in Central Kalimantan, as well as updated JORC ore reserve and mineral resource estimates for the site.
And already in the second half of the year, Asiamet had inked a memorandum of understanding with China NFC for value engineering and engineering, procurement and construction management services for BKM.
As of 1040 BST, Asiamet shares had slumped 7.41% to 3.31p.
Latest ARS News
- IN BRIEF: Asiamet Resources raises USD3.3 million in equity
16 Oct 2024 - Asiamet Resources identifies significant savings at BMK project
22 Aug 2024 - EARNINGS AND TRADING: Hydrogen Utopia says no Essential Energy deal
26 Jun 2024 - UK shareholder meetings calendar - next 7 days
19 Jun 2024 - TRADING UPDATES: Headlam warns of loss; EnSilica predicts revenue rise
14 May 2024 - EARNINGS AND TRADING: Asiamet Resources declares special dividend
10 May 2024 - EARNINGS AND TRADING: Asiamet Resources declares special dividend
10 May 2024 - IN BRIEF: Asiamet hails "outstanding" high grade copper sample results
17 Apr 2024
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