The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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The status of one of the JV Mining Licences recently changed to
Large Scale Mining Licence 33404-HQ-LML Handa Resources Ltd -Application Validated and Pending MLC Decision.
This change happened before we had the Investor Call but no mention of the licences was made during the call.
I have contacted the company to try to get clarification regarding the licences but they are unable to comment.
My reading of this is Anglo do not want that information released at this time.
For anyone who doesn't know the Mining Licence Committee (MLC) meet roughly every five weeks.
https://www.mmmd.gov.zm/
The last meeting was held on 11th to 12th April 2024, so the next one will be held towards the end of this month.
If a decision is made by the MLC regarding the above licence, their decision will be published in the results announcement at the close of the meeting.
At that point the information will be in the public domain and we will all be aware of whether a licence has been granted or not, regardless of whether Anglo want to tell us or not.
I see the granting of a Large Scale Mining Licence as a major step forward and it underlines Anglo's commitment to developing these licences into production.
We still need to find the mother-load but it is another landmark reached, if the licence is granted.
If 'SimonLee40' (p) were to set up a new handle 'SimonLee4p', I'd still be for being a BB friend of his.
I do agree that the amount of shares in issue here is now 'uninspiring' to many... and get that, in such context, 10p a share here whenever might now be a very big achievement too .. but I still see 4p + a share at some stage here as pretty readily achievable... and pretty exciting to a reasonable few involved here already and/OR plenty who get involved here soon/ish ..... that's still a bag plus from where we are as I type...and including me fortunately having a reasonably low average and new entrants here having a potentially very low average, this share still is an appealing profit opportunity for plenty.
IMHO & DYOR
1.4 billion yes billion shares here, work that out with your 35p plus fantasies.
It will never happen, talk about drill rigs and copper sulphides and buyouts all you want, the management have destroyed anything here.
IMO which is pretty good your more likely to see 1p before 2p, People are desperate to get out but sadly such considerable losses are stopping them
Yesterday was the biggest daily volume traded in over a year. We must be close to clearing the placing shares if they aren't already cleared.
Talking about warrants that have a strike price 65% higher than current market price is not going to put anyone off buying here.
It's the warrants well below market price that you want to avoid so bring up the warrants when arcm is at 4p :)
One word - Warrants
This might get a bit of traction once drill assay results start coming in a couple of months
You can hardly blame them, they're just trying to get a pump and dump going - it doesn't matter to me, I'm pretty sure that the shares I bought will rise by about 50%, so if they achieve it for me next week or next year, I'm happy to just hold. But the fantasies about double digits, or even pounds per share as one clown indicated, well...you just have to laugh! Even for AiM it's pretty outrageous.
Did anybody miss the train yesterday, looks like another one has pulled into the station today.
35p you've got to laugh.
Another message to EIM, why dont you employ Lantier as your Chief investment advisor??
With his track record and knowledge he will make you all RICH
YHIHF Chaps
Time to jump on the ARCM Bandwaggon
GLA all!!
Lol... well spotted Seis .. must be my spell checker before it's had it's first coffee of the day :-))
Four stacked zones? What does that even mean? I guess you mean 4 stratigraphic zones.
"Well, every deposit pretty well in that region is a billion tons"
-
I agree.
With mineralisation evident within 4 stacked hydrothermal zones across 1000m+ and open at depth the prospects are looking exceptional.
Check out #CMRS
£750k cap
Cashed up
Major news regarding massive partner see RNSs
It appears the first drill hole by Anglo 1000m deep intersected 4 stacked zones & remains open at depth.
Massive drill program about to get underway with continuous exploration work for the next 6 months spending millions (all free carried by Anglo)
The last two junior exploration comps on the london market that accessed this massive level of cash for this type of large scale drill program were SOLG back in 2016 when they raised $40m and as drilling got underway their SP flew up from 1p to 40p.. and then when GGP entered into their JV which free carried GGP on a equally massive drill program to prove up Havieron and that went from sub 1p to 37p.
If we have the makings of a Tier 1 size discovery here the share price here will do a SOLG/GGP style sharp move north as all the data gets released to market & Anglo are about to drill continuously for 6 months so plenty to go at.
I think once it gets going it will rise quickly and catch a few dithering on the sidelines out.
Might not even be news driven moves initially as we've seen with HEX over the past week (up 100% before a drill has even turned. Show what can happen once a bit of momentum gathers).
With the directors of ARCM all having bought heavily recently... I'm guessing they are confident :-))
Target 35p+
You do love a copy and paste don't you dear, proven to be incapable of formulating your own reply time and time again.
The games up mucker go concentrate on yot ladyboys xx
Atvb
Siuya.
The diamond drill hole was collared quite high up in the stratigraphy in the Nguba formation and intersected 4 stratigraphic packages and evidence of metasomatism with the intensity increasing with depth and more importantly provided evidence of fluid flow within this part of the basin where the hole was being drilled, initial indications from this hole.
And that's just the first hole drilled. The area is not only prospective for copper, but also for nickel, which to be fair is probably not unexpected, given that on the other side of the dome First Quantum are mining copper and nickel at present from their Sentinel and Enterprise mines respectively".
Give me ears to listen. Give me eyes to see. Give me FB!
So the reason Anglo collared their hole in the Nguba (startigraphic formation above the Mwashia) is to ensure that they intersected all the stratigraphies known to host copper mineralisation. I think NvS describing them as "traps".
Remember mineralisation permeates upwards from the basement of the Roan... as VC has stated:
"The diamond drill hole was collared quite high up in the stratigraphy in the Nguba formation and intersected 4 stratigraphic packages and evidence of metasomatism with the intensity increasing with depth and more importantly provided evidence of fluid flow within this part of the basin".
Would seem that Anglo stopped quite high up in the stratigraphy of the our Nguba formation at 930m down hole (See above 2019 RNS for positional reference).
Could also imply more mineralisation observed on the way down to the Ore Shale in the lower Roan (intensity increasing with depth). Could Anglo be looking to establish a basement default depth on the Roan?
Remember as you move towards the Domes Region, mineralisation can be found in much higher stratigraphy, given the age of the formation. Sentinel saw Copper and Nickel at 520m down hole within the Nguba formation (typical). We are now at 930m and still repeating traps of mineralisation on an increased depth.
This is MASSIVE and the potential is unreal given the size of the area... so a potential Tier 1 seems likely! I have always believed that to be the case!
Just to add credence to that statement… on the operational update NvS has now cunningly added the following reinforcement on the opening paragraph:
"Arc Minerals, an exploration company forging partnerships to discover and develop Tier 1 copper deposits".
This will hopefully be the reason why DW was requested to come to site by Anglo last December... study the mineralisation, especially the Copper + Nickel mix, adding weight to Sentinel's missing copper theory (fault line).
Right now I don't claim to understand Anglo's corporate strategy behind not allowing more information to be released... could be Anglo's way of having a silent corporate orgasm!
All I know is Arc has been gagged from releasing (printed) sensitive information without the written consent of Anglo.
YADDA YADDA YADDA YADDA
Why wouldn't you be quietly nibbling at ARCM here..?
£50k net money flow moves the SP by 9%...
Giddy-up.
Thanks PP. Volume still absolute peanuts, isn't it.
Just imagine what's going to happen when some deep pockets decide they need to be involved...
# Trades 161
Vol. Sold 20,649,961
Sold Value £363.18k
Vol. Bought 22,810,510
Bought Value £413.94k
Well known investor twitter bought in along with his followers mayb part rise today
You still flapping those gums TNR, shame ya Don't do it when your asked a simple question, enjoy the rise canptain t.h.u.n.d.e.r.c.n u t .