Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Are we talking BKM or KSK?
KSK is still a total unknown quantity (hahaha) at this present stage so how can you put a sell price to something which you do not know its real potential value ? It would not make good business sense. There has to be other better alternative ways to finance Asiamet progress.
Surrendering majority ownership of KSK would be disastrous for long term holders and I sincerely hope that Tony has more lofty ambition than that.
If someone think that Tony will give 51% of KSK to anyone that person does not know the first thing about
this venture!
51% at this stage of development when there is so much more to come???
It is totally unthinkable at this would be the worse possible decision Tony will ever make in his life.
For Trump is for " America first"
For Xi Jinping on the other hand, China will always come first. Of the two I recon the later is in a stronger position since this has been in his DNA since he took office and China well recognised that by removing terms to allow him to remain "President for life"
Now take your pick who will give in first or how can it end if neither is willing to do so?
Just listened to it. Boy ! Has Tony reached his capacity or what? He surely expect a lot from Asipac.
Not everyone can be an O.Hegarty, even the one riding on the OXIANA coat tail . And We are here only talking about BKM which is just a small size mining project. Makes me wonder how the futur larger ones will be handled.
Plus that Tony does not want to admit it is one thing, but not realizing that this last placement is a below
par performance would be unbecoming for someone who want to take this company to stars.
My personal opinion of course.
Mr. Feng Sheng, also known as Bruce, serves as the Chairman of Melbourne based ASIPAC Group. Mr. Sheng has owned and operated several businesses over the years PREDOMINATLY focused in property investment and development. (Bloomberg)
Any decent project worth its salt ( which BKM /KSK is) will stand scrutiny and always attract funding so why the need of a property expert billionaire ? Do mgt lack faith and trust in their own abilities?
MOO
Disappointing really. But then what's new!
Success will come about if you chose the right personel. End of story! B. Sheng may be loaded but is it just
another Collins st. connection? and should I really be concerned about the share price debacle then Asiamet CFO would get my special attention.
Again good luck to us all.
More positive?
We may have the green light in terms of regulations but do we have the social licence to operate? Hardly so at this point it seems.
Communities all over the world are much more aware these days of the impact that mining brings. They are much more vocal and militant now than in the past and significant benefits from projects to local communities need to be in evidence well before rocks are dug up.
It certainly does not make me an expert but after following this venture virtually everyday for the last 30years I recon
that I know a thing or two about this venture.
IMHO,and it is not a direct reflection on the board but this Mgt is not acting with the same intent as the previous one. Only pressure from shareholders now can change that.
Of course if a shareholder think it is fine as it is and its only concern is the share price then that will not bother him much.
Thanks Knokke.
Asiamet Shareholders should always bear in mind that their money is invested on foreign soil.
In this day and age shareholders cannot ignore that eventually local interest will come first (soon or later) It is up to their company to demonstrate that being there will have a real flow on benefit for local stakeholders.
I think mgt should be much more proactiv on that side of business. It is imperative that the locals have confidence
that it will happen for them . This was always in the forefront of mgt thinking and we never had any difficulties even during the ethnic conflicts of 1996 and 2001 when 100s of Madurese were decapitated by the Dayak . Maybe these are signs that we need to re-affirm and upgrade our social commitments . Just my opinion.
Anything is possible.
Indonesia is the world'4th most populous nation with the 7th largest combined sea and land area.
It has ABUNDANT resources in almost every variety. Yet untapped. Their largest island is their least developed and inhabited. I be surprised if a successful BFS does not stirs up a flurry of exploration in Central Kalimantan
www.kitco.com/commentaries/2019-03-27/The-Copper-Crunch-Is-Real-But.html
Mansur always affirmed that " you cannot have a mine is you do not have access"
Lucky for us . If this may have facilitated the permission to develop BKM further permits may well
depends on if we can step up another level , on how well we implement and how engaging our CSR policies are.
Thanks for posting Richy
Have not seen this interview before. Tony confirm what has been said here so often. Since the late 90's BKM was always going to be the first cab of the rank. As funding was always problematic it was always considered the ideal first project to get established before moving on to the other deposits. BKM is close to surface, accessible by road, good grades etc . But it is only the starter. Most of the other prospects on KSK are much bigger than BKM and therefore requiring much greater finance. Although BKM may (used to be called Beruang Kanan comprises of other targets like the north &south polymetallic zones and the west zone) may yet surprises us all.