Member Info for UGsausage

My hope is real mining professionals get involved and take over, Norin for BKM and a Chinese major for Beutong.

Then these third rate Aussies running Asiamet can toddle off and achieve thier true potential at the local fast food drive thru.

He's just a bog standard Australian guy in a colourful local shirt. First time CEO, and it shows.

When he does decide to communicate with shareholders, which is rare, he's just not very good at it.

He should just go back to whatever he was doing before, in my opinion.

Sorry i just don't think we have had value for the 30 odd grand a month we pay him.

Four years of dithering in my opinion, with only a tiny uplift in market cap.

That's a guess of his monthly wage from a quick search of his salary, which I've read conflicting accounts of, with one guy saying he earns 500 grand a year in pounds which I hope is not the case!

Why did they list on London, when it's always been Aussies running the show, and Indonesia is a stones throw from Australia?

Why bring in Mclleland when the company was in desperate need of a leader?

Hi updoo. On both projects it just feels like an operating environment of walking through treacle with one arm tied behind our backs.

Couple that with an extraordinary wooden and uninspiring management team, who consistently over hope and under deliver, and we end up exactly where we are.

Entirely predictable, vapid and nauseating.

Quite frankly, everyone involved should hang their heads in shame.

Just my opinion.

The problem here, in my personal opinion, is a jurisdiction completely unsuitable for western listed juniors combined with an astonishingly limp, lackluster and ineffective management team.

Begs the question why did I recently put more money into it. Well, I'm a gambling man!

But one thing is for sure, I wouldn't get involved in anything to do with Indonesia, Manini or McClland ever again!

Why has it taken so long? You say BKM was a recognised deposit 36 years ago, then say management lost patience!

I agree it is a highly prospective area, but a fundamental aspect of my personal investing strategy is to see return whilst my heart is still beating!

I'm not particularly displeased with the sale or the agreed price. My thinking is that if they didn't have Beutong, they wouldn't have sold KSK for 105 million.

Hence, management believe Beutong holds some value.

I was going to share my thoughts on the jurisdiction and doing business in Indonesia, but I think I'll hold back on that for the time being!

I've been trying to get my head around why ARS management have sold not just BKM, but the entire KSK mineral field for only 105 million USD?

At today's Cu price the NPV on BKM alone is, i believe , somewhere around 375 million USD ( could be wrong here) but it's extremely sensitive to a rising copper price

And we all know where the Cu price is headed over the next decade.

Why would management do that, then state they are working on advancing Beutong, if indeed the general consensus is correct and Beutong is worthless?

This tells me Beutong is far from worthless.

This is just my opinion. Could be an awful read.

I think peddling sell porn is the height of their intellectual capacity

We are waiting on a detailed and complex regulatory process 7,500 miles away. I really don't care why the person you know is selling.

You must have super human powers. Tell me, what brand of shower gel does the seller use?

Tiny money. Nothing to worry about. All of June all of July to get deal completed.

News of potential multi billion dollar investment into Nagan Raya, where Beutong is, including a copper processing industry.

It was published by Serambinews.com if anyone knows how to get the article on this forum

Fingers crossed for movement on both projects. It Will be good to put this one to bed, to say the least. The dream for me is a deep drill hole into the interpreted potassic core at Beutong. A man can dream.

Hi all. I'm watching this closely. I've got my average down to 2.60, but I'm not putting any more of my hard earned in.

At 2.60 I need the KSK transaction to close as planned, plus some value attributed to Beutong.

No idea how it's going to play out, but I'm here for the ride!

All the best to every ARS shareholder out there.