Member Info for Tardis

They shouldn’t try to build the mine themselves. Sell it to someone who knows how to build a mine.

Good to see 20k of sells knocking 2 mil off the market cap…

So what you mean is if the Asiamet management can’t get the mine financed, and run out of money, DOID will keep increasing their holding until they have over 50% holding. So the BOD are in control at the current time, not DOID. They do need to get the project financed now though.

Let’s hope so

Steven, you keep saying ‘DOID are in total control now’. Please explain this. They do not have a 51% shareholding, not even close. The BOD are in complete control. And you are talking rubbish. Feel free to correct me.

Lol…

The longer it goes without an RNS the more concerned I would be. If they want to keep the company public they will surely release news as quickly as possible?

I think they are also finding the timing inopportune. There was a reference to wanting interest rates to come down, but that could be a couple of years realistically - surely they won’t drag this out that long? They must also want the copper price and general market sentiment to improve. It had better be 2024 for Asiamet, patience can’t last forever.

Looks like another deadline will come and go - latest company podcast

https://www.youtube.com/watch?v=3ENRV5CrerE

Q1 for debt financier announcement (which likely means Q2), with no offtake announcement until debt financing secured. Not great. Will they ever deliver…

Would really like some concrete good news from Asiamet before Christmas. We’ve been promised lead bank announcement before year end. Here’s hoping…

Copper’s up 3% in the last month.

Not ugly at all. But nice try…

The last progress update promised a Lead Bank by year end.

Could really do with either that or an offtake agreement to start to move this share again.

Nothing less will do.

I do think better times will be ahead for this share and the wait is drawing to an end.

I agree. What is actually happening with this company? It remains my belief that they are in possession of information that is essentially market sensitive but which they are not strictly obliged to disclose, so they are sitting on.

I have emailed Matt Bull about the Feed study progress. Response - none.

Did you come back and tell everyone ‘I told you so’ when you were so wrong about Rambler?

You have zero credibility.

Last week you were pumping this share too.

Publican, if you are DJ Ryan, you were Rambler’s biggest pumper. Long confident messages about what an amazing opportunity Rambler was etc etc. Scally.

Tuan stated that the banks own the company and the company has no inherent value. Untrue on both counts. Scaremongering.

Fully accept a range of outcomes including wipeout possible, but for people to post complete rubbish is not acceptable.

Complete rubbish to state that the 65% completed mine holds no value. How did they get the original loan against the green field site if it had no value? Why would La Mancha seize control of the board if administration was to be the outcome? Then the senior debt banks really do own it and the major shareholders can lose everything - La Mancha, Glencore, Orion etc.

Stop deliberately scaremongering and misleading.

I think if a bridging loan is arranged and announced, and hopefully quickly, the share price would rapidly rebound as the intentions of the new board would be more clear.

In fact, even a clear statement of intent would be enough.

The longer it goes without that statement, the more nefarious the board’s intentions start to look and the SP will drift accordingly.

If JM’s final announcement is to be believed the money dries up in mid-December, so not too long to wait IMO.

I re-read the August 4th construction update RNS last night and noticed that there was no reference to whether the project was on-budget, in contrast to previous announcements. It is my hunch that they were aware of overspend at that time although not necessarily the extent. Who knows, just speculating.

I think we’ll know before Christmas as the cash is due to run out by then. There will have to be a cash injection pending a more comprehensive plan if this is to continue as a listed company. The RNS was pretty clear they intend to keep building the mine. It’s just how and at what/who’s expense.