Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Asiamet Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts' consensus price target of GBX 16, Asiamet Resources has a potential upside of 327.2% from its current price of GBX 3.75. Marketbeat.com.
As a fellow Scot I too chuckled with the Gazza analogy, I'd rather change it to Ryan Giggs famous FA cup goal against Arsenal
From mining journal interview Tony stated he expected an offer with 24 hours. Though it's worth baring in mind ARS then have to scrutinise the offer & decide wether to accept or counter offer etc. These things take time. Was hoping for news this week but if its not no big deal. Just a waiting game.
From what I can see from google a TR1 is the standard form for notifications of major holdings. It does not mention anything about selling of major shares. JPM had $3.2m worth of Asiamet so has AE basically just took JPM shares for larger stake in company?
I am optimistic of a deal yes. AE did due diligence that prompted them to invest $3.2 million & obtain 19.9% of the company. AE did futher DD in a 60 day exclusivity period. After all that they are putting a proposal forward. So yes confident a deal being made. I also agree with other posters why buy 19.9% of a rubbish company? I also agree that the foundations of any deal would have been agreed at time AE invested $3.2m for 19.9% of ARS that process took 12 months. After all Tony did say he expected an offer within 24 hours. Must be negotiating over the smaller details. Will it be a good deal that remains to be seen but AE now aligned with ARS given the 19.9% they own.
Taken from marketscreener.com (As of May 1st 2020) JPMorgan assest management uk ltd hold 93,925,154 shares 6.3% next up is Tony Manini 33,892,183 2.3%. Tony's shares also same on another website. So Tony has put £1.1 to £1.2 million of his own money in. As for options higher up not sure. What I would say is he is alighned with shareholders not all his holdings bought at 1p so whats best for us is also good for Tony.
Just popped over to ARS twitter. They have a link interview with chris from mining journal (not sure if that was the webinar). In that Tony talks very specifically about questions we are all wondering. About an 1hr long very good watch. Recommend you watch it. As for deal with AE & construction of the mine (from the above interview) Looking for a JV partner to front most of the cost towards the construction of KSK (mind that $223 M) includes contingencies ARS expect cost of $170-180 million. Then sort out permits which they are doing (1 big sort of final permit left) that then allows them to talk to banks (aka debt level) but they can't do that until they know AE offer & how much capital ARS will need to raise. Tony has pretty much alluded to thats the plan. To me that kind of suggets reading between the lines of a JV partnership.
Here's a thought. Say ARS & AE agree a 50 / 50 JV on KSK, ARS would need to find 50% of $223 million for mine construction. Given AE own 19.9% of ARS would it not be better for AE if they fronted the upfront cost of building the mine at $223M & ARS paid them back out of their share of production money. $95million per year profts half go to ARS meaning AE paid back in just over 24 months time. Surely that is more appealing than ARS having to go get a loan & pay back interest rates on them or get another ii onboard & give away yet more of the company. If AE don't fancy that then it be a full buy out of KSK.
ARS have said AE want to advance talks after doing their due diligence re KSK for joint Venture partnership or full proposal ie buy 100% KSK. This was either in last rns or Tony's last proactive investor interview or both. Would only sell 100% KSK if it was an absolute must to secure the company's very long term future. Though if AE could finance most of the mine build & get their money back from production with ARS still having a % in the KSK project I would push for that.
Wonder if anyone can help. I have been looking all day to see if ARS ever gave a cost for building a copper mine at BKM. I don't ever recall ARS stating a cost. I have googled the cost of a copper mine construction but it varies alot depending on country, how much copper per annum is being processed etc. I am trying to work out in my head roughly what it would cost at BKM & then Beutong so when RNS drops with deal or no deal AE, if we got a good deal & longer term what that means for ARS shareholders & money situation going forward. Any link or help much appreciated.
Tony has always stated he has no interest in selling the company & that production is his preferred option with a JV partner as that is where the money is at. I remember him saying this repeatedly from the times before we had a feasibility study when many people now invested hadn't even heard of ARS. Everyone has their own views re direction of company & SP. My own is that if AE get a deal for 100% KSK I worry if Tony will leave & concentrate on Carrube Copper. If Tony stays my next concern is we start proving Beutong up & then similar circumstances arise aka need for money & AE just buy 100% of that off ARS. That is why I want to see a JV agreed at KSK & secondly it is worth baring in mind ARS & AE might not even be able to reach an agreement re KSK. To me AE getting 100% KSK is a short term fix to a long term problem. We need to get into production so the markets can wake up & re adjust the SP accordingly. Long over due!
We do need a good deal to move us higher but will the markets agree?
Years away from production & generating cash let alone build the mine.
Defo not a share for those looking for a quick buck or two.