Member Info for mikebassetts

and since when was Beutong ever priced in?
If the IUP was not in good working order they would rns by now

Thorn-agree , ideally a full sale is better for long suffering shareholders
so many issues here that it's better to sell and we all move on

think alot of itwould depend on Bruce Sheng and the Asiapac group , they have i think 11-12% in total ,not sure of the break even for them but really hope they can organsise a sale and lets call it a day.

garybrock - i would say they had no strategy after hitting dizzy hights of 10 -14p hence why they ended up doing this deal.
To give away such a large % for a few million at under 1p was madness and it doesn't appear that there was even any safeguards in this "strategic deal" otherwise why are AE able to do what there doing?
Acccording to what we know AE now owe ARS several million but what will ARS do to get that money?

Some are talking of a bidding war - lets see , if BKM could be sold for a reasonable amount bringing the share price back to 5p and then focusing only on Beutong then that's the only way for shareholders to get some value back in quickish time. I know some people are rightly saying bkm is a gem and could be worth huge amounts but the company has screwed up and i don't see how they will ever get to the stage of exploiting it properly..

Looking at it from a sharehlder point of view, holding on to all these assets with small placings has never worked so surely something has to give?

would be great but i don't see anywhere any bid near 10p
Beutong needs extensive drilling and a PEA

lots of talks about bids but no one has ever bid for this so far
I would take 6p after whats happened

can't do that as it's registered in Bermuda not uk..

thornback - that's my concern.
If there trying to get control through the backdoor then they would take it private.
Last weeks video said no equity was passed if the deal was not completed in it's entirety and , now we have this..
hTTps://www.youtube.com/watch?v=znjHrYmge3Q&t=969s

if they go to 30% then a formal offer has to be made..
there has been some large trades over past week so god knows whats coming next

it doesn't really make much sense because according the ARS Due Dillignece they are now owned $10m as the deal didn't go through yet AE think they are free able to do a takeover..

Opposite of the corporate video?

rns

cheap takeover on the cards

Shareholder Requisition of General Meeting

Asiamet Resources Limited ("Asiamet" or the "Company") advises that it has received a notice purported to be from its largest shareholder, Aeternum Energy, requesting the Company to convene a Special General Meeting of the Company's shareholders. The notice that has been received is not in a valid form and therefore directors are not required to act on it now, however it is apparent that our largest shareholder is seeking to take control of the Company without fair and reasonable process or acquisition. This action immediately follows PT WIN, an Indonesian Company owned by Aeturnum Energy, materially breaching the terms of a binding sale and purchase agreement with Asiamet for the acquisition of the Company's KSK Contract of Work in Indonesia.

The Company is seeking the necessary advice with respect to convening a meeting of shareholders given the underlying circumstances and s hareholders are advised to take no action at this time.

The proposed resolutions below are an extract of the request that was sent to the Company.

He's made a complete mess of this
The sale of the two assets would be better for all shareholders but he still thinks he can get bkm into production

if it closes near 90p then £1 tomorrow morning would seem reasonable bet..

but of course it could hit a £1 today!?

does look like it's going higher today..

i think this might move higher this afteroon

and subtle dramping is not even required here :)

i hate seeing long term holder lose any money , this will surely be the spring board to head back to £2..
remember the market cap is still low when you compare with other testing stocks

this will fly today..

well done long term holders

still have a few left in here but given there's no news i, can't work if this still has legs or just a dead cat bounce..
sometimes the bounce can last more than one day and considering how low the share price has fallen it may carry on?

Tardis - he also failed give an update on this payment situation rns issued on 4/01/2021

"Achieving these important permitting milestones during COVID-19 where we have had considerable restrictions in the movement of personnel and government officials is a terrific achievement by our local teams in Jakarta and Palangkaraya. Receiving conditional approval for the Pinjam Pakai permit is a key milestone in the development path of the BKM copper project and each interim approval is an important de-risking step in achieving that major permitting objective for the project. We look forward to keeping stakeholders informed as we continue to progress the BKM copper project towards development at a time of stronger copper prices and investor appetite for new copper opportunities."

is he still holding?
not seen him post much

i think 5p is gone but this should be much higher come qtr2 when Morocco will be drilled