RE: Ars26 Mar 2019 19:23
The Liberum analyst also noted that in the past few months private equity firm EMR Capital - where Asiamet executive chairman (and 3.3% shareholder) Tony Manini is an executive director - has completed two large transactions with Indonesian partners.
He pointed out that the deals highlight the strong links and ability to conduct business in Indonesia at board level within Asiamet.
Knights concluded: “Following the completion of the feasibility study at BKM, Asiamet will be seeking to bring in an Indonesian partner to fund the equity cheque for development of the asset - EMR's recent deals add to validation that the company has the capability to deliver an accretive transaction.”
The analyst pointed out that the next catalyst for Asiamet is publication of the feasibility study for the BKM project in Kalimantan,