Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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As i said 30 days + could mean we have a wait on our hands, no rush to buy till end of the month IMO.
following on from Thursdays transformational transaction we have 4 milestones to look forward to this month. 1)Regulator approvals 2)Underwriter approvals 3)SPA documentation 4)Execution of SPA ... expecting SP to continue to build as the month progresses
In addtion to SPA in 30 days, also expect BKM Copper Project update - final approvals - at anytime. On BKM approval/ final signatures i fully expect pps to be 14p+. Libirium will up its current target from 14p to 20p in good time. Multi- bagger here. Monday gap and over 6p, as it moves to arpund 8p as next stop.
This huge £125m deal, for Asiamet - which is now unlocking huge value for shareholders.
Asiamet Resources Limited ("Asiamet" or the "Company") is pleased to announce it has entered into a non-binding Heads of Agreement ("HoA") with PT Wasesa Indo Nusa ("PT WIN"), an Indonesian private company, to acquire Asiamet's wholly-owned subsidiary Indokal Limited ("Indokal") (the "Proposed Transaction"). Indokal holds the Kalimantan Surya Kencana Contract of Work ("KSK CoW"), including the BKM Copper Project, located in Central Kalimantan, Indonesia.
As part of the Proposed Transaction, PT WIN will also acquire Aeturnum Energy International PTE Limited's ("Aeturnum") commodities trading business. PT WIN plans to undertake an Initial Public Offering ("IPO") on the Indonesian Stock Exchange ("IDX") in early 2021. Discussions are currently underway with several highly rated Indonesian financial institutions to underwrite the IPO. With its existing cash reserves and expected proceeds from the planned IPO, PT WIN expects to have sufficient financial resources to enable the development pathway for the BKM Copper Project.
"The Asiamet Board fully endorses and supports this transaction. While it is recognised that there are still a number of steps to completion, the proposed transaction has the potential to unlock very significant unrecognised value for Asiamet shareholders and most importantly secures a clear road map for the funding and development of the BKM copper project and the further advancement of the wider KSK CoW for the benefit of all stakeholders. Asiamet will retain a very meaningful exposure to the upside at BKM and KSK and continue to manage all the value enhancement and development related activities currently in progress.
Our work with Aeturnum to date has provided an insight into their high level of professionalism and integrity and provided us with the confidence to pursue this transaction and partner with them as major shareholders in the proposed IDX listing and development of PT WIN going forward. We now remain focused on completing due diligence and binding documentation that allows for shareholder approval."
Pecten - I have thigs to say and share my research - you do nothing much - i bet you sold today - if you ever bought in the first place. Don't see the posts of likes of you etc.
Anyway, today was consilidation day following yesterday suprise news - lon awaited mind you - - which was good to see. expect a big day next week to re-rate to 8+. and it should hold aroudn 10p min - as further updates are now expected. Significant shareholder value - as explained by CEO yesterday, and what we can see upcomming. If youw ant multi-bagger - show me the money - its right here. period.
have nice weekend
pectan11 - yes. now bye.
magmanus - do you actually believe half the tripe you repeatedly, repeatedly, repeatedly post???
ask was 5..05 mins before close - until a few sold as friday/ we. good sellers remorse will set in soon enough here.
excellet closeon a friday, surely will gap on monday and be over 6p. mice and easy. many wil need to nuy back after selling end of day today. Madness to sell, when we have broker target of 14p now, and £165m cash coming ARS's way. have great week. more major news to follow. Easy multi bagger from here. very stromg close, admist alot of selling - easily done by by mms.
HL showing closing price 4.8p on the Bid and 5.10 on the Ask.