Member Info for Tardis

So it looks like the company are estimating end of 2021 for the forestry permit.

The value engineering work which was supposedly finished and due to be released ‘imminently’, they are giving themselves until end H2 2021.

Not exactly inspiring.

Hopefully some finance and drill bit news could trigger some movement before then.

Lots of shares changing hands.

Suspect there will be a holdings RNS at some point.

Hopefully the SP is being held at this level to allow an exchange to take place, then will start moving.

Well, reading that RNS is like walking back through time by three years. One week we are told the value engineering is complete and new NPV is due ‘imminently’, the next we need to do more drilling and more value enhancement work.

I’m afraid I’ve lost all confidence in Manini and the word ‘Clown’ springs to mind - that or ‘Liar’. BKM was supposed to be in production by 2019, now we are looking at 2022 at the earliest.

The only thing I can say positive is 2.2p is a much smaller discount than previous raises and £10mil will last a couple of years. The dilution in the last twelve months has been tragic though.

The company still has a sniff to get out of this mess. If the copper price stays high, the drill bit returns decent cores and the value enhancement work eventually gets published with a more favourable NPV, the share price could rise like the Phoenix.

Sadly, a sh*t company to have been invested in ever since Steve Hughes’ departure.

To answer your question kitty, I don’t think Asiamet have ever been in debt. Manini has always been against it.

Agree the coffers must be low though - the cash position silence is always a giveaway.

Getting bored waiting for the project enhancement announcement. The work is supposedly finished, they need to get on with it.

If the price pushes on from here, I believe we are looking at a break-out. Whether the buying is driven by the prospect of a bargain buy in a booming copper market, or a leak in imminent news remains to be seen. Hoping for a good week.

Not in public domain to my knowledge

1) Completion of value enhancement work and release of new, more favourable BKM mine economics
2) BKM mining license grant

Those two bits of news should propel the SP back to 4p+ imo. 1) is ‘imminent’, how long 2) takes is anybody’s guess

If the company are true to their word there should be an announcement on this very soon with improved mine economics announced. Should shift the price upwards imo.

Is the plan to update the BKM feasibility study and NPV once this work is completed? TM given any timescale?

So I wonder if Aeternum have friends in high places in Indo and can hold up the BKM mining license. I felt their contact was insinuating this - or at least that they can work in Indo much easier than Asiamet can. Hopefully won’t put other parties off.

Could do with an RNS very soon announcing starting negotiations with other parties.

Quick sale at 6.5p would suit me and I suspect many others.

I’ve seen a post recently that the 30% rule only applies if the company’s head office is UK based. Not sure tbh...

I also emailed TM directly after the Dec 24th RNS to clarify whether the 2.5m had been paid or not. He never replied, and now I know why.

RNS was deliberately ambiguous, and never made any mention of 10 days for payment. Poor show.

With reference to AE being able to sell their shares or not, now that the deal has been torn up, they will sell (or buy) as they please.

Against my better judgement. Hope it works out.

Ian, I think that is very feasible - that AE slept on it and didn’t like the terms. That said they had plenty of time between October and late December, (although TM claims some of the key players were sick), and they already renegotiated the terms once. Furthermore if the IPO fails they did get further equity in return.

I hope TM and his team work around the clock to sort this.

I would like to know why it was not clear in the deal RNS that payment of the 2.5 million was due within 10 days of the SPA signing. I always felt that the money hadn’t been paid yet based on the wording, but was not expecting today’s nonsense.

Problem with today’s announcement is either Aeternum don’t have the 2.5 million which is pretty poor for a company intending to float for 500 mil, or they think the IPO is going to fail so don’t want to waste 10 mil, or they are crooks playing games.

That would require a holdings RNS. So doubt it.

Dreadful RNS...

Hope this has a happy ending and is resolved quickly

Boiler house tactics

Post incessant drivel, swamp multiple discussion boards with posts designed to sow doubt in investors minds

All designed to serve the needs of the individual/group posting the drivel

Seems we have a deramping gang in our midst. Very tiresome...

News will come later this month (good news)

Yes, 3.6p

Not sure you answered the question though