Member Info for Tardis

Until the government bailout gets announced. Will have to come if Covid doesn’t relent

Source?

Just reminding people

https://www.sharesmagazine.co.uk/news/market/7008315/Asiamet-Resources-says-contract-talks-with-Aeturnum-Energy-progressing-well

Any predictions?

It sounds to me that it is built in to the vending machines. Along with contactless payment.

To give them credit, they are being proactive in trying to make the most of the Covid situation.

Managed services prospects just a short paragraph at the end.

Thoughts on cash situation?

Steady but nothing game changing here.

I agree re. Aeternum equity deal. Unfortunately it was a case of beggars can’t be choosers. ARS clearly needed the money to keep the lights on, and when Covid hit there were no other interested parties to create a bidding war. TM even said as much.

I asked TM about whether the Indo government were deliberately holding up the licences - he was adamant that was not the case and it was due to internal reorganisation/paper shuffling etc. I remain suspicious however. In the past ARS always got permits pretty quickly, and as soon as the AE deal was done the permits dropped through the letterbox. Definite whiff of backhanders.

The delay in the latest announcement can only be interpreted as the initial offer from AE being substandard. The problem for TM and ARS shareholders is once again that without other interested parties there is no competition to drive the price up, and also that the market cap is only $37m, so how can part of the business be worth more than a fraction of that figure.

If I were in TM’s shoes, I would publicly announce the offer from AE and then publicly reject it. Sets a floor on any future offers, boosts SP etc.

Having typed all this we will probably have an RNS in the morning. We can but wait...

Thanks for clarification. Shouldn't be long now. I vaguely remember TM stating 2 weeks as the sort of time frame for negotiations. So you can probably double that.

So do we think TM is in receipt of a firm offer now? Is it being considered or has it been sent back to be improved? Or is it still pending?

Does receipt of offer have to be announced?

So the number of new cases of Covid in my district council region in the last week is 0.

I reckon WSG have three to four months to sell their wares before the virus is gone. Happy hunting to them.

Anyone know SL’s virus figures?

News will come in the next two weeks one would imagine

With that in mind, if AE bought 50% of KSK for say $50m, where would Asiamet find the remaining 60m to build BKM with them? Debt?

Selling all of KSK looks increasingly attractive. Then pump the proceeds in to drilling Beutong.

Out of interest, does anyone know what Asiamet paid for KSK and Beutong in the first place?

Lots of possibilities here. A few musings to chew on.

Will TM accept any offer put forward? Presumably he has some idea of what is coming. Or conversely might he publicly send AE packing stating the asset is worth more than the offer? A failed bid type scenario.

If ARS retain a sizeable share in KSK they will have to commit a significant proportion of the funds raised in this deal to BKM mine development. Alternatively, if they sell the whole of KSK, that cash will go straight in to drilling Beutong, and turning it in to an asset worth hundreds of millions. The latter will offer a faster route to riches IMO.

Finally hotting up again here.

Very shrewd from Aeternum. Take a stake in the whole company at rock bottom, knowing that their project level interest will push the SP up. SP is already nearly 400% of the price they bought at. They now own 20% of the company so whatever project deal they strike, they win either way.

Must be very difficult to value the whole of KSK as so much is unproven. $100m for BKM, maybe $50m for BKZ, then what about the rest? Steve Hughes used to salivate at the prospect of drilling Baroi, and that is just one of several other sites.

I'm looking forward to the day he comes in to the RNS diary room

He should have a lot more to say than the average Big Brother contestant too

Day 47 of Aeturnum's exclusivity due diligence period for project finance.

Hopefully game-changing announcement soon.

Looks like there will be a major market for our tech sales team to tap. And with Baldry’s government contact’s...

https://www.google.com/amp/s/news.sky.com/story/amp/coronavirus-temperature-checks-among-measures-considered-as-part-of-lockdown-easing-plans-11982034

I’m happy to bet the audited figures will be very similar...

If you’d like to predict otherwise, let’s see your predicted figures. Could be good for a laugh...