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Hi fellow investors, understand it may be slightly frustrating but they simply havent got round to it this week. On the flip side they have been super busy in long meetings with the underwriters etc and readying IPO documentation, they are moving this along and will update with Q&A when ready as they always do. Confirmed that the underwriters are very positive on the mining side of the deal with copper price well above the price that was used in the FS for BKM.They have been really tied up with all this, they have been extremely busy.It will get done, although most will be news that has been repeated in previous news or in recent RNS.2 weeks away from AGM, approval, investor update and $7.5m payment
They havent got round to it yet, been very busy although it is 100% happening and planned for this week. (Yes they did originally say early this week) It has been arranged, questions submitted etc.
In addition
- IPO documentation and valuations are progressing and either near complete or complete.
- In terms of reassurance have been told everything is going very well.
- With the AGM only a week and a half away, where a further detailed update will be given, expect a very strong newsflow this month which will certainly result in a spike in share price. ($7.5m payment coming too)
Confirmed that a Q&A session will be carried out with T.Manini and posted in the next week to update the market, shareholders and quash any of these worries.
Very surprised that the share price is not higher and as always he says that he is happy to go into all these things in detail. Both sides are both very happy with their new partners and the deal and although he has reassured of all this already he is happy to go through again.
Diligence has been carried out on Beutong and discussions regarding a deal for the past months have been ongoing with a new group.
Ignore the rubbish MT has been spouting - I doubt he will be around for long.
There is a very strong relationship between the two parties and a great deal of DD has taken place.
He is referring to commercial disputes which are no longer issues and which originated with other counterparties. A great deal of DD has been carried out there.
The new/current copper price is adding a LOT to the already strong BKM economics.
The recent permit news was a huge step which seems to have been missed by the wider market.
The share price price will almost certaintly catch up and then speed ahead within the next 3 weeks or so.
There is a very strong relationship between the two parties and a great deal of DD has taken place.
It’s very difficult for to also comment on other companies’ business affairs. He is referring to implicating commercial disputes which are no longer issues and which originated with other counterparties. A great deal of DD has been carried out there.
Just to add - likely for some PR to be released this week, they are very keen.
- No concerns whatsoever on AE, months and months of due diligence has been completed, couldnt be more comfortable with all aspects of the deal / future.
- The PT WIN IPO prospectus will be released when completed and expect a great deal of detail there.
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Mount Tiede is a troll who just got banned from the ADVFN board he tries to talk the stock down to buy lower, one to be ignored.
Direct from Asiamet.
- ‘We are all keen to get stuck into Beutong as soon as possible. It will be next cab off the rank for sure. There are groups looking at Beutong, we could wait for them or even get on with an interim campaign to further demonstrate its potential, let’s see. Likely push a bit further with the PT Win deal etc as having c£50m in the bank makes it a lot easier to make decisions.
- Plus the guys also had some close to production projects which they were also eying up.