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Asiamet Resources – further proposed investment delay, but that seems largely discounted - BUY

By Hotstockrockets | Sunday 6 March 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Asiamet Resources (ARS) has announced a further update on the proposed investment from PT Delta Dunia Makmur Tbk. (DOID), one of the largest mining services company in Indonesia, admitting that the process is taking longer than it hoped but with DOID re-emphasising that it “is working as quickly as possible to finalise its due diligence… remain the largest shareholder in Asiamet and are supportive of the advancement of the company”.

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