Market's view on Asiamet Res
Published on April 2024
- The company has delayed the progression of the forestry permit until the completion of current drilling and engineering programs to incorporate all results into the BKM project footprint.
- Stock watchers discuss concerns over the company’s profitability and the impact of rising copper prices on the Internal Rate of Return (IRR), with some expressing skepticism about the company’s ability to secure necessary funding.
- There are indications that a significant shareholder, DOID, may be looking to take over the company, reflecting their interest in diversifying into green energy projects.
- Concerns are raised about the company’s management and promotional activities, or lack thereof, by the CEO, affecting shareholder confidence and transparency.
- Discussions reveal a mix of opinions on potential joint ventures, sales, or full sale of the company, with some watchers believing that a partnership or sale could be imminent due to the nearing closure of a major copper mine by Merdeka Copper Gold.
- Speculation exists around the company’s financial strategy, particularly regarding securing bank financing and the potential need for a revised feasibility study due to project delays.