Asiamet Resources Limited (DI) (ARS)

Sector:

Mining

Index:

FTSE AIM All-Share

2.05p
   
  • Change Today:
    -0.025p
  • 52 Week High: 3.03
  • 52 Week Low: 2.00
  • Currency: UK Pounds
  • Shares Issued: 1,943.22m
  • Volume: 4,297,713
  • Market Cap: £39.84m

Asiamet raises ?1.75m to fund BKM and Beutong projects

By Iain Gilbert

Date: Tuesday 20 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Copper and gold miner Asiamet Resources has raised roughly £1.75m by way of a placing of 50.0m ordinary shares of 3.5p each.
Asiamet undertook the placing in order to fund a number of previously announced "value enhancement initiatives" and to cover necessary permit costs in preparation for the development of its BKM project.

The AIM-listed group will also undertake initial metallurgical test-work on mineralisation from upper parts of its Beutong deposit, and continue progressing options for funding the ongoing development of both BKM and Beutong.

Following admission of the new shares to trading, Asiamet will have 1.09bn shares in circulation.

Chief executive Peter Bird said: "We are very pleased with the support received both from existing as well as new investors.

"The completion of this financing allows us to commence a number of the more significant value enhancement initiatives identified in the BKM BFS, including drilling some of the highest priority targets for additional copper resources located nearby the proposed BKM mine development."

As of 0825 BST, Asiamet shares had picked up 3.60% to 3.60p.

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ARS Market Data

Currency UK Pounds
Share Price 2.05p
Change Today -0.025p
% Change -1.20 %
52 Week High 3.03
52 Week Low 2.00
Volume 4,297,713
Shares Issued 1,943.22m
Market Cap £39.84m

ARS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.57% below the market average55.57% below the market average55.57% below the market average55.57% below the market average55.57% below the market average
34.51% below the sector average34.51% below the sector average34.51% below the sector average34.51% below the sector average34.51% below the sector average
Price Trend
50.91% below the market average50.91% below the market average50.91% below the market average50.91% below the market average50.91% below the market average
34.72% below the sector average34.72% below the sector average34.72% below the sector average34.72% below the sector average34.72% below the sector average
Income Not Available
Growth Not Available

ARS Dividends

No dividends found

Trades for 20-May-2022

Time Volume / Share Price
16:29 250,000 @ 2.02p
16:28 241,695 @ 2.07p
16:09 22,500 @ 2.02p
16:07 2,500 @ 2.02p
15:33 390,032 @ 2.05p

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