Member Info for Blue1234

Roger

What announcement? There’s been a leak that talks are going on? That’s hardly a firm offer!.. Do you expect people to wait around(?). Its the AIM not an ISA, so why would people hold unless they was in debt and had no choice, as refused to cut losses.

You say half the price of 100m! The talks are upto a 100m! Could be 50m for alls we know! And even if they sold for 100m you’re unlikely to get 7p after costs, tax and such!..

The AIM is a tool to be smart in order to make money! Can you blame them(?)

I took my gains and sold too! Will be back in when price falls back to its bottom level.

No one’s making an offer on this until TEO is in! And that ain’t until end of this month at the earliest!

I think there was more than him pointing out the obvious! Me and that happy lad I ain’t seen in a while pointed out Russian mines where being snapped up last year!

I think

It’s still a project that isn’t close to production! It will take masses amounts of money to get it there! An amount we are likely unable to raise! Unfortunately that’s how it goes! Some mines have sold for a small amount, like single millions!

I do hope it gets a bidding war and pushed over the £100m but people have to be realistic here!… It’s an investment for any buyer! One that comes with risks and time delays on repay!

Why? Do Russian companies not suffer when an entire country is restricted with sanctions? Lol. The West are always proclaiming Russia is going to war! Lol! It’s like a stuck record!..

I think if there was any reality in Russia facing sanctions, which will economically damage Russia, then the person willing to buy this wouldn’t be trying to take advantage, they would be running in the other direction!

It’s all speculative atm! This company was valued at 5p last year! Now it’s 7p ish! It’s about the right price for the ‘company’. What the final price will be is unknown! So many variables like how badly do they want it! What price are they willing to go! Is there anyone else interested! The company will have to be properly evaluated! In that time the TEO may come through, which may push the price up! So much could happen!…

Oh yes, no such thing as market manipulation! My baaad! That’s definitely a late trade, at 6 o’clock! Around the time a couple of unknown shown! It’ll likely open up tomorrow, but the point I’m making is that’s a large drop after closing!

Just check Google! The time runs on to 18:00 hours! I’m wondering if the market is being manipulated to allow someone in?

Share price is showing at 2.92!…..

Another 39k buy come in!

Wasn’t it Rosey Lee who said this mine isn’t worth anything as it was supposedly economically unviable! Or was that black rhino, or both! It will sell for what it sells, and it will sell

Russia remains one of the largest producers of mining commodities in the world. ... According to the United States Geological Survey (USGS), Russia was ranked among the world leading producers of commodities including bauxite, coal, copper, diamond, gold, iron ore, lead, nickel, PGM, potash, silver, uranium and others.

I mean, people need to do research, before actually sharing their ‘opinions’ lol

First and foremost it takes years to bring a project into production! It’s not something achieved overnight! I wouldn’t say this projects timeline is out of the ordinary! It’s where it should be! Maybe slightly behind but the economy did shut down for 1 year!

Secondly, Russia’s third biggest sector is mining! It must not be that economically challenging to mine in Russia!

As for using pig nickel, it’s been proven to be a insuperior product! So, thats opinion is slightly wrong in my opinion!

Buy low/sell high? I was in at 2.25p so yes, I bought low and sold out, taking my money into another investment which will prove a decent return!

You’ve 3 years before any mining will commence, if you ain’t pushed out first! Which I suspect you will! Also, you ain’t even got the last permit! Still awaiting that! Lol

Dustman:-

What do you mean I’m wrong?

Asiamet currently owns 2 major assets, well 3 but 2 are joined!

Beutong currently has a NPV of £0.00! I mean, if you can’t get within a 100 yards of something you own without getting your head kicked in, I personally see no value.

Then KSK that was valued only 12 months ago, at £160+ million, with value enhancing and the rise in copper price, it’s probably worth about £190 million, owned 100% currently, by Asiamet!

It has now been sold all 51% of it for between £50-30 million and we don’t know which it is! Now ask yourself, why would someone want the majority share? Is it to push out the now, silent partner! It is evident DOID feel they don’t need Asiamet, as they have took control of it!

They don’t need Asiamet, who does! Their BOD have proved time and time again that they’re useless!

The Mcap for Asiamet is currently the other half of the now, badly estimated NPV of this asset! There’s very little gains to be had, and I’ve got a feeling DOID won’t be happy for long, carrying Asiamet and it’s shareholders, for absolutely no reason whatsoever as they ultimately bring nothing to the table when it comes to mining! But we’ll see! I for one ain’t sticking around to find out! And it looks like all the smart money has moved out too!

https://www.ran.org/leuser-watch/thousands-of-indonesians-protest-against-major-gold-mine-threatening-leuser-ecosystem/

It’s common knowledge! KSK IS Asiamet! And I don’t think that situation will be changing anytime soon, do you? It’s been 2 years since that protest and they’re still stuck at ‘working on relations with the locals!’

I wouldn’t worry about Beutong, it’s dead in the water and has been for years! The locals don’t want mining! That is why it’s been parked up!

No, definitely bought the company and not a share in the mine! The company will be split! Asiamet will become the shareholder in its own company, all 49% of it!

The way I read it, is as followed!

DOID has purchased 51% of the company, not of KSK! That means they have significant control of everything.

All for 50 million!.. Which will be spent on value enhancing, and some of which, at least 20 million in possible ‘kind’ meaning that actually we will likely receive 30 million for them to take control of ‘Asiamet’ which will actually no longer be ‘Asiamet’.

As we all know, we can’t even trust our board of directors who have shafted shareholders time and time again! Yet now we’re supposed to trust some Indonesian chap!

The mine is proposed to be financed by ‘debt’ taken on by ‘Asiamet’ so only the bank is paying for this! DOID/Asiamet are paying nothing, towards the capex or running costs!

What I want to know, is what idiot sells the majority share of their company in a ‘joint venture!’

This stinks of a cheap sell, and I expect shareholders to be shafted again! So on that basis, I sold out!

Why would you want a bid on the only asset that is almost profit ready! With absolutely nowhere else for this company to turn, other than **** 200 million up the wall, at shareholders expense?