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Asiamet Resources
(LSE:ARS)
Asiamet Resources (ARS) vs. iShares MSCI United Kingdom ETF (EWC)
Asiamet Resources Business Overview & Revenue Model
Asiamet Resources Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | -46.00K | -45.00K | -55.00K |
| EBITDA | -5.37M | -5.38M | -5.10M | -6.88M | -5.72M | -4.14M |
| Net Income | -5.47M | -5.42M | -5.18M | -6.93M | -5.88M | -4.04M |
Balance Sheet | ||||||
| Total Assets | 1.20M | 2.85M | 4.36M | 5.38M | 9.23M | 1.35M |
| Cash, Cash Equivalents and Short-Term Investments | 861.00K | 2.28M | 4.14M | 5.18M | 9.06M | 1.18M |
| Total Debt | 22.00K | 36.00K | 0.00 | 59.00K | 159.00K | 278.00K |
| Total Liabilities | 850.00K | 1.10M | 1.18M | 1.55M | 1.77M | 1.76M |
| Stockholders Equity | 361.00K | 1.75M | 3.19M | 3.83M | 7.46M | -394.00K |
Cash Flow | ||||||
| Free Cash Flow | -5.46M | -5.38M | -5.03M | -6.70M | -5.37M | -2.99M |
| Operating Cash Flow | -5.33M | -5.25M | -5.03M | -6.69M | -5.35M | -2.98M |
| Investing Cash Flow | -127.00K | -120.00K | -6.00K | -8.00K | -23.00K | -4.00K |
| Financing Cash Flow | 4.52M | 3.53M | 3.98M | 2.90M | 13.24M | 3.75M |
Asiamet Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | £69.76M | -6.54 | -33.80% | ― | 26.18% | ― | |
51 Neutral | £59.05M | -11.60 | -908.21% | ― | ― | ― | |
50 Neutral | £70.98M | -7.00 | -21.41% | ― | ― | -133.33% | |
49 Neutral | £61.77M | -27.80 | -10.01% | ― | ― | ― | |
48 Neutral | £77.68M | -21.61 | -17.14% | ― | ― | 54.72% | |
46 Neutral | £36.34M | -4.58 | -695.40% | ― | 9.40% | -11.81% |
Asiamet Resources Corporate Events
Asiamet Resources Limited announced the successful raising of approximately $3.1 million through a subscription of new common shares involving key stakeholders, including its major shareholder PT Buma International Tbk and management. The funds will support working capital needs, satisfy regulatory requirements, progress the sale of its KSK project, and evaluate growth opportunities for its Beutong project, maintaining operational viability while advancing its strategic priorities.
Asiamet Resources Limited announced that all resolutions at its recent annual general meeting were successfully passed, demonstrating strong shareholder support. Additionally, the company released an updated corporate presentation, which is now accessible on their website, indicating ongoing transparency and communication with stakeholders.
Asiamet Resources Limited announced that its Executive Chairman, Tony Manini, has transferred 14,709,577 common shares from his personal account to his wholly owned investment company, AJM Investco Pty Limited, for personal planning purposes. This transaction does not alter his aggregate interest in the company, which remains at 73,243,573 common shares, representing approximately 2.3% of the company’s issued share capital.
Asiamet Resources Limited announced that Eva Armila Djauhari, a Non-Executive Director, has purchased 7,911,115 common shares, increasing her total shareholding to 17,000,938 shares, which constitutes approximately 0.52% of the company’s issued share capital. This transaction underscores the confidence of the company’s management in its future prospects and may positively influence investor sentiment, potentially impacting the company’s stock performance and stakeholder interests.
Asiamet Resources Limited announced the transfer of 5,613,984 common shares by its Executive Chairman, Tony Manini, from his personal account to his wholly owned investment company, AJM Investco Pty Limited. This transaction, conducted for personal planning purposes, does not affect Manini’s aggregate interest in Asiamet, which remains at 73,243,573 common shares, representing approximately 2.3% of the company’s issued share capital. The announcement is part of the company’s compliance with regulations requiring disclosure of transactions by persons discharging managerial responsibilities.
Asiamet Resources Limited has announced the sale of its interest in the KSK Project to Norin Mining for $105 million. This transaction is a strategic move following a comprehensive review process, aiming to introduce a well-funded copper producer to advance the project into mining operations. The sale is expected to result in a fundamental change of business for Asiamet and is subject to shareholder and regulatory approvals. The proceeds from the sale will primarily be distributed to shareholders, with the remainder used for potential opportunities and working capital.
Asiamet Resources Limited has announced the implementation of a long-term incentive program for its key executives, aligning their remuneration with the achievement of major milestones in the BKM Copper Project. This program involves issuing performance rights that convert into common shares upon meeting specific criteria related to project financing, development, and production targets. The initiative is designed to attract and retain high-caliber management by tying executive rewards directly to the company’s success, thereby ensuring that management’s achievements are closely linked to shareholder value.