Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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Is that after warrants ?
Ps yeah love devon East end boy originally but I do love my sea view ;).
Evening notesco hope you are well.
The number of new shares : 235,488,880
New total : 1,467,807,345
Previous total : 1,232,318,465
Increase / Dilution : 19.1%
Interest previously held by Lärarnas Riksförbund (Teacher's Pension Fund) 5%
Shall we assume half had already been sold on the open market? 2.5%
If we assume remaining 2.5% is bought back and then cancelled, that still leaves dilution of 16.6%
Hardly sweetens the pill ...
And on the Swiss Cheese theme which seems entirely appropriate as Zambia has been labelled by many as the "Switzerland of Africa" (a point previously lost by many here as it's meaning is "peaceful and profitable") and so a thought "sprinz" to mind that as "Gruyer"ling as this journey has seemed "Emmental"ly sure (and AAL through the JV have con"curd") the "wey" forward is now clearly defined and as the drills flow the assets will mature, and as it "appenzeller" the journey would have been less interesting but saner without you.
I much prefer it when a partner is earning in by spending their money to turn Zambian gazelle grazing pasture into swiss cheese. aka Tier 1 a copper asset or two.
The Directors can confirm they have now received an indicative (non-binding) agreement to the potential buyback from the relevant overseas shareholder. Further updates will be provided if a binding agreement is executed, although the Directors have every confidence it will be executed shortly. If the Potential Buyback completes it is the Directors' intention that the acquired Ordinary Shares would then be cancelled. The Directors believe that the ability to buy back a specific targeted shareholding in this manner will be beneficial to shareholders as a whole since by executing such a transaction, the Company should be able to ensure that the shares are disposed of in an orderly manner so as to avoid a considerable volume of shares being sold in the market far in excess of normal daily volumes of trades.
The Directors anticipate applying approximately £2,000,000 of the Fundraise to the Potential Licence Acquisition Process and the Potential Buyback. In the event that no new licence areas are identified and/or the Potential Buyback does not progress, all associated funds will be applied for general working capital purposes and to progress work on the Company's Botswana licences. Lets see what the licences are.
With so many 'interests', how can shareholders in any of them know, on who's dollar these executives are travelling/dining out on, and which company will benefit from any leads they get.
New investors might wish to ask, do these guys really have the time to manage the company you co-own?
Other interests ...
Nick Von Schirnding
Consultant Apollo Global Management LLC
Director JANGADA MINES PLC
Chairman FODERE TITANIUM LIMITED
Chairman Metals Exploration PLC
Brian McMaster
Executive Chairman Harvest Minerals Ltd.
Executive Chairman Jangada Mines Plc
marketscreener.com also states 'He is also on the board of 8 other companies'.
Rémy Welschinger
MANAGING DIRECTOR VIRIDIAN LITHIUM
Non Executive Director Infinity Lithium
Managing Director LIMEHOUSE CAPITAL
Non Exectuive Director Firering Strategic Mineral
10p will value the company at c. £150m. Not a chance.
All ARC has is an interest in a JV it doesn't control and probably future funding required for Botswana and ongoing OPEX.
Maybe, but you do realise posters have been saying that since the OTC days?
10p would be something. I remember when REM went up like 4000% in a month. Let's see what happens here over the next couple of months.
Each to their own but if early drilling results look promising I can imagine looking at a single figure s/p in the rear view mirror. Of course the contrary will also be true that we'll be stuck here in the doldrums should ongoing drill results prove to be mediocre and confidence fades somewhat.
Back in the day there was 1 holder on this board, or iii before the message boards closed. He had over £250,000 invested over time. Luckily he had a successful business that he could use profits to invest. I don't know if he still holds or not - I hope he managed to get a big chunk back at 8p.
My point was, better to keep your money safe and watch from the side lines - and time your entry. With AIM, it's not like holding Amazon or Apple where you should expect the price to stay somewhat the same or increase. With the amount of shenanigans going behind the scenes. I wouldn't trust my "investment" to be safe for 1 month, let alone years on the AIM. 1 or 2p isn't a bad price as you should expect to see 3p+ again some day. But continuing to hold at 6 or 8p? No chance.
I am not bashing ARCM, though you probably could. You can make money for sure, as with many other companies. Do I see them as a company being successful in the future? I don't know, I hope so. Vassilios seems like a good guy the couple of times I met him. I don't doubt they are all trying. But the aim is to make money, not get emotionally attached.
Do ARC have an overboarding policy Travelcard asks?
In terms of being open to throwing longterm shareholders over board, I'd guess yes.. In terms of NvS getting involved in whatever company boards he wants when he wants I'd guess no
I'd like to think everybody that has been here for a period of time had the opportunity to cash out at some point. Unless you bought at the absolute peak. Then well, tools should have told you the stock was overbought.
You've seen 4, 6p and 8p. If you bought in lower you had multiple chance to take a profit.
Never hold the bag on a penny share It doesn't just apply to OTC/ARCM - it applies to all companies on the AIM. Dip in and out if anything. You could have 10x your money here if you had repeated selling on highs here over the last 5+ years. Alas, if you held the entire time hoping to see 20p. Well, that wasn't the wisest of decisions.
Unlike other mining companies that are no longer listed on the AIM from the last few years. It is a miracle OTC has made it this far. We'll see what happens over the long term - but the game is making money.
What it needs here is a full explanation by the company of exactly what is going on.
I understand its a penny stock(nearly) and people are here for one reason just like the board to make money in a short period of time.
Surely a good run company would want to keep shareholders on side and at the very least keep them informed of future events, this might help with potential shareholders as well, IMO this is just a poorly run company thats created a fantastic lifestyle for management and hangers on.
DG - Spot on. If there is also a significant number of warrants outstanding that could also impact future placings too. Has anyone seen the warrant instrument?
Poorly thought through placing IMO.
I think the challenge we all face over the next few months is that for the people who subscribed for the 220m odd new shares, the moment the bid price rises above 1.8p, it makes sense to sell the equity and have a free ride on the warrant... I thought issuing the warrants was unnecessary and will penalise us for some time.
So I presume he is not on the Board of the JV?
If I were a shareholder I would consider he is overboarded and be writing to the NOMAD and AIM reg. Do ARC have an overboarding policy?
Anyway I’ll leave the children to play. We’ll see what happens when the drill starts turning.
“ Soil sampling is not a slam dunk. One can't claim multi billion tier one deposits based on soil samples. Maybe on Internet chatrooms you can, just like people say they are well hard and ex SAS, but in the real life grade, continuity of grade, tonnage and metallurgy actually matter.”
Well done mate, you missed the point by a mile.
I hope someone buys arc so that i can put this experience to bed and move on to other things. I know one thing, Metals exploration wont be top of my list! :-)
Nice work if you can get it... I hope his full focus is on arc in these coming months and not his new part time job....
Metals Exploration PLC Appointment of Chairman
Source: RNS Regulatory News
RNS Number : 1198H
Metals Exploration PLC
18 March 2024
18 March 2024
METALS EXPLORATION PLC
APPOINTMENT OF CHAIRMAN
Metals Exploration plc (AIM: MTL) ("Metals Exploration", "MTL", the "Company" or the "Group"), a gold producer in the Philippines, is pleased to announce the appointment of Nick von Schirnding as Chairman of the Company with immediate effect. Steven Smith, the Company's current Interim Chairman, will remain on the Board and resume his role as a Non-Executive Director.
Mr von Schirnding, has over thirty years' experience in the mining industry. He has held senior Executive and Non-Executive positions including CEO and Chairman of a number of LSE and internationally listed mining companies. Nick brings significant experience across successful strategic development, M&A, and corporate governance, including within the UK regulatory framework. Geographically, Mr von Schirnding has far reaching expertise, having worked extensively in the Far East, South America and Africa.
Mr von Schirnding currently acts as the Executive Chairman of Arc Minerals, an LSE listed mining company with projects in Zambia and Botswana, and holds Non-Executive Director positions at TSX.V and AIM listed Orosur Mining Inc, AIM listed Jangada Mines PLC and Fodere Titanium and Sustineri Group, both private ventures. Previously Mr von Schirnding was CEO of Asia Resource Minerals plc and prior to this he held senior roles at both Anglo American plc and De Beers.
Subject to the approval by shareholders at the next AGM, together with any other applicable consents, the Company intends to offer Mr von Schirnding options to subscribe for 6.6 million ordinary shares in the capital of the Company on the following basis:
• 6,600,000 'zero priced options' with a subscription price per share equal to the nominal value of each share at the time of exercise;
• Provided Mr von Schirnding remains a director of the Company, the option vesting conditions include (i) one third of the options vest on grant, (ii) one third of the options vest on the first anniversary of grant, and (iii) one third of the options vest on the second anniversary of grant;
• The options are exercisable after vesting provided the 30 day volume weighted average price ("VWAP") of the Company's quoted shares exceed 143% of the 30 day VWAP price on the date of his appointment;
• The option expiry date is to be 3 years from grant; and
• Subject to the parties entering into an option deed containing market standard terms and conditions for such deed.
Steven Smith, current Interim Chairman and Non-Executive Director, commented:
"We are delighted to welcome Nick to the Board as the Company's new Chair. Nick is
intriguing eh, what an absolute ******* the clown gang are in full swing.
So if you're not involved and have no intention of getting involved, what brings you here TC..?
Hmmm...