Member Info for swinger

This really is the game changer that could see a huge multi bagger. Tiny market cap IF they get the partner to make an offer on this. 13 days left!

I would guess we have a chance that it will get extended and no offer in the 13 days.

i suppose that is true, of course they could de list without an RTO.

Compared to MTFB and AAOG who both have under a million cash this seems better value yet we are valued less... all cash shells

short term it could drift and we do need good news on the partner to cause a big rise and thats unknown.

good luck! just don't lose it all in the covid stocks when they all lose half the value in a few months.

https://asiametresources.com/wp-content/uploads/2020/04/200403-Asiamet-Corporate-Presentation-April-2020.pdf

Average free cash flow (after tax) over 2023-2026 of $94 million, peaking at $97 million in 2025

I am also a huge fan of ORPH, bought plenty at 6p, looking to sell half at 12p for a free carry.

Covid is the bonus here and not the main play.

Our CEO has over 2 million of his money in and looking to sell the company soon. Very exciting share IMO.

The exclusivity agreement is to basically take the BKM project from Asiamet and we would retain a free stake!

The cost to construct the mine is about 190 usd million so the partner would pay that and we would keep say 30 - 50 percent.

Tony Manini talks about this in the interview from saturday with Tom W at his event. He said they would keep 50 percent and the partner would take the derisked project.

Remember a company paying 190 million USD to construct this mine then gets 50 percent of all the profits. The profit might be around 100 million per year year so a partner takes 50 percent thats 450 million after they pay the 190 million.

Win win for the partner as they get a derisked project and a win for Asiamet as we get a free carry.

Tony also talks about doing the same with Beutong, say we keep 20 percent as free carry on a project that could do 400 million cash per year. Its a monster.

Biggest issue for asiamet is funding the capex on BKM so bringing in a partner is the best way. Im hoping AE become our partner and we keep 30 - 50 percent free on BKM and this will rocket. Time will tell and they have 3 weeks exclusivity, then ideally we would either have a bidding war or AW would pull the trigger and fund this.

Oxianna wasToni's last company, a 3 million market cap and went to 6 billion (now oz minerals on the asx) Toni will get this done in my view.

Final thought is that when the Covid bubble bursts and people lose thousands (which will happen) I would like to think mining stocks might get that a run.

I guess once we come out of lockdown the bubble will burst and some of these people who have bought stocks that have risen 2000 percent will lose a lot.

smart people are on free carry in the covid stocks

For me I have a good holding and have for 5 years. Clearly I sliced above 10p but have a core and been buying more at 1p and even ute to 2.8p last week.

I buy in small chunks when I can. Its 10 percent of my PF so a nice size but also not over exposed if it does go wrong.

Long term holders might re,her I was big in here 5 years ago and now here for the big push and to pay off the mortgage if this goes well in 3 - 4 years!

If AE take up the right to essentially pay the 200 million capex cost to build the mine and leave us with 30 percent ( Tony actually said 50 percent) then they would not sell for years.

Dividends would then be paid to us all when they are in production.

Clearly the risk is our partner decide not to fund the costs and pull out. If they do take up the option in the next 3 weeks and the fact we have Beutong then this could a billon dollar company in the future.

All IMO

remember Oxiana is australia - Tony made people millionaires. I don't think he pumped lots of money in here for us to be only at 2.5p and a 40 million market cap.

I just watched Tonys presentation at the weekend with Tom W and it was very bullish.

Our partner has another 3 weeks of exclusivity to basically take the project off us and leave us with free carry.

The BKM project will give us around 100 million free cash per year and Tony said ideally it would be a 50 percent free carry for Asiamet.

Lets say in the weak market we have to give away 70 percent we still have a 30 million free carry per year - PE of 10 thats a 300 million market cap and an 8 bagger. 2 and half years away from that point but if they do get a deal like this its still huge for us.

I am adding more at this low price.

Its just some punt money to trade to pass the time!

Total dog of a company hence the 99 percent destruction in the share price.

Can still make some money on it though!

could move fast with people on lockdown and new traders buying these tiny market caps.

We have 6 million in cash and a market cap of 3 million.

I thin thats 6 million sterling but could be Euro's and thats 5.2 million GBP.

Either way its crazy cheap compared to other shells.

I guess MTFB is the cover ramp in this bubble so thats why it flew with 230k cash!

Price is crazy low here if you compare to MTFB cash shell and AAOG, both gone crazy and have less than a million each in cash.

If cash shells come back in style then this could bag to start.

The pumping was bad so people could forward sell.

Its a good price considering where this was a few days ago.

I would love this to keep rising because if people make money it helps us all as more people have spare cash to buy other stocks.

Any newbies that have bought this gamble should do some research on RTO's

Very very risky and some never come back.

Also if they do they can be suspended for months.

Remember New world oil and gas - They did and RTO and never returned as the new company found hidden debt - shareholders lost all.

A cash shell is the highest risk on AIM. Can be great like OPTI that was a huge winner a few years ago.

what a great party it was yesterday though!

No reason it should but then again we are in a huge covid bubble like the dot com or blockchain bubble.

Its a good RNS.

Not the new CEO's fault people are mad and paid over 1p