@Trisseswe@Lazerblue@AsiametTweets Offers from the other suitors were less than current, so that dwindles what upside there is. This was all they got in a rising Cu market, in fact, with Cu at all time highs. Most know the situation with Beutong and why a deal there would be a big surprise.
@Trisseswe@Lazerblue@AsiametTweets It's a risky play from here, very risky. #ARS has declared this is the best they can do with a deal and if this doesn't happen, it's back to rock bottom and a swift refinancing, earlier than expected. I'm not sure the potential upside to just over 2p is worth the binary outcome.
@Trisseswe Let me enlighten you. He's basically saying a redistribution to shareholders is not a done deal, because it's dependent on finding a partner for Beutong(mothballed & bogged down in politics), that's willing to fund it. But you know that...
Confusing?
RNS="expects that the NET proceeds from the Disposal shall be substantially utilised to effect a cash distribution to Shareholders following Completion", yet TM suggests (15 mins) this would ONLY be if they find a Beutong partner willing to fund. The chances? #asiamet
#ARS#Asiamet
Closing the deal in a fraction of the 9m LS date and significant interest in Beutong so expect a deal there shortly as well. Very exciting and huge upside from 1.7p in a short time frame. Took some. https://t.co/DVlIAe3dcd
@Trisseswe@Pete__Panda Beutong is wrapped up in politics, it's just one of the reasons why it hasn't budged in yrs, despite the flurry of excitement when some drilling did take place. You only have to dig to read about some of the problems in the area https://t.co/q4yDET0oRq
https://t.co/DvHYEMl7q0
Is anyone talking about the fact that the BKM NPV is so much higher at $5.00?
That the deal is for KSK, not just BKM.
So includes BKS, BKZ, Baroi...
Brutal.
#ARS#asiamet