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I think it’s a little naive to think Russian coal will cease to find its way into Europe after the August deadline. With more and more payment systems coming on line and a determined Putin it will find its way through, mainly because of his hatred of the US and his battle of deflating the dollar. Won’t be surprised to see Asian country start exporting there cheaply acquired surplus. In any event the global demand will still require Bens creek coal especially as the cost of production will ensure its survival compared to more expensive producers which may get priced out in due course should the above play out
Bed wetting novices? Jesus, what a pompous statement, you clearly are an expert. Maybe most have just lost confidence and don’t believe a deal will be done? Time to move on and all?
The things you refer to in order to justify your position have been constant and acknowledged for over 5 years, what you fail to rationalise is despite such positives, the bod are incompetent, it could be argued that the fact they are in Indonesia is the problem however whilst I accept those challenges are real there’s no excuse for the mess the company is in today.
The deal was pretty poor to start with however most would agree beggars can’t be chooser’s.
I think it’s pretty obvious by now that this is another failed attempt by TM at securing the future of Aisamet. Reduced down to a very insignificant position over last few months and sadly accepted the losses after 5 years. Hope I’m wrong and that turns out not to be the case for others.
Great news but very much jam tomorrow, confirmation of a signed off rail spur is what was required to sustain the rise in sp. Suspect the £1 mark will be the crucial area of support today. Still fantastic achievements thus far.
I think the main difference is he gets the job done. Aim is full of dreamers, companies with potential but ultimately become value traps, Ben has achieved fantastic things in a short time, every credit to the guy.
1st bit of profit taking? Yeah like most people wait for 800% rises before taking profits! More like the weight of short positions which may or may not be the heavy seller, makes no odds, can’t keep this down it’s only going one way.
Ordinarily I would agree, I’m not impatient however, it’s different when TM publicly states shortly after the 3/11, that talks were already ongoing, fairly advanced, both sides are pressing to sign and that he would expect the deal to be signed well within the 90 days. Basically the market now suspects things are not as clear cut, why you would add unnecessary pressure by stating as much I’ll never know, anyway hopefully not too long to go now
Well the deal is in principle an earn in agreement, without seeing the detail you can’t be sure however they may think they own a reflective percentage as they go but they dont own anything until all tranches are fulfilled. I agree that’s murky and potentially a hold up. It was an agreement at significant discount to the last and so maybe that’s the motivation. In terms of finance Then the claim is that DOID are well positioned for debt and equity financing but we will see. Given they are initially paying $10mil and then effectively providing the work programme it should be clear enough as to who owns what from a lending perspective, DOID don’t own anything of the company other than the overriding company shares. From Asiamets point of view they have a healthy balance sheet and a big resource. Time will tell, of which that’s running out fast.
Well the how is explained in the 3/11 rns and so that’s clear enough but the timescale is liquid. I guess it works both ways, they don’t own 51% of that project until all tranches paid. The financing should be straight forward enough for both parties given DOID’s scale and with their involvement and Aisamets resource one would hope once the deals signed things can progress. If it doesn’t get signed TM will have to stand down.
I’m sure that’s the case however, TM was overly confident that the DD was already well under way and that the deal would be finalised well within the 90 days. That is obviously not the case and it appears people are concerned. Hopefully the good news is imminent