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F79 - I fully empathise, being in a very similar position. Value will out, the copper (however much there is) isn't going anywhere and will in great demand in the coming decade/s. Arc's fundamentals, given its tiny size, are remarkable. The management team is in talks with multiple parties, akin to a series of poker games in parallel, so I would expect there to be more time spent on meaningful talks rather than pandering to jumpy retail investors.
I see the shareholding structure as a series of concentric circles, with significant external and internal holders being the core, patiently biding their time for true value to be proven. Outer layers include many who have done minimal research plus some bad actors, some of whom have been 'at play' in recent days / weeks. It's AIM, I'm afraid and there's not a great deal long-term holders who've done their homework can do about it.
Karl-Erik has tens of millions of shares and doesn't seem too concerned, so I too will see it out.
Good luck to you in your future investments Dartron.
I will be holding and averaging down here myself. Still see a major rerate coming here.
GL
MT
No worries dutton I wasn't going to ask everyone lol
I'm not overjoyed at the lack of comms and I've engaged with ARCM on this.
I've a large position here from a nice six figure gain to a deficit.
Personally I comfortable to hold here and the current loss here is covered by gains in other stocks. That said, if Twitter, nomad or direct arcm engagements gets some news flow I'll take it.
Defo not against it.
I just don't think it's being held back with any malicious intent. It's either simply poor comms or stuff is happening before they release info imo.
Probably a little of both.
Im happy to follow my research and sit at a loss,even from a profit, provided I still remain confident on why I invested.
Done it many times and know many who sold one stock etc at 30-50% loss at 5p down to 3p before it went mental. I held and sold in the pounds. Clearly this won't be the case here, those returns aren't in this stock (imo) but I'm defo not selling now just because the price has dropped.
The markets are generally poor atm. AIM is fickle.
ARCM is causing me a pain in the proverbial ATM, it's annoying, but it's still got everything going for it that drove me here (plus more).
I'd love an asset sale RNS though. Pweeeeeeeaaaasssee.
Atb
I have bought :)
Sold a few of something else that was up and am averaging down here.
I will never learn.
But it's cheaper than flying to Vegas :)))
Don’t let the door hit you in the arse on the way out :-)
I have sold. Managed to exit somewhere else too, and combined entry in to BVC. Results next week. Might start dividend, tipped by a few news outlets, though I was already watching them. 20% feasible in a few weeks. At least it is a profitable company with a cashflow, that is a start. The other company I sold was also a 'resource' company.
I made a small gain here last year, which I have now given back LOL.
My advice to anyone on a large loss here is: Take action at 30%. Either average down or get out. After 30% loss your chances of a decent return diminish greatly. Every week you sit here hoping, the market is throwing up opportunities else where. Not nice realising a loss, especially if it later goes on to rise, but you have to prepared for losses on AIM, and managing your losses will assist the winners way more, than hoping for a multi bag.
Good video here about the AIM
https://www.youtube.com/watch?v=mNt1hF7uM4Q&ab_channel=MichaelTaylor-ShiftingShares
Ends by saying, 'Remember you are playing around in dog muck' LOL how true.
Great post Ella and I feel the same watching my investment ebb away every day. Its like death by a thousand cuts. If you don't mind I will use it in a tweet to ARC to see if that gets any traction and improvement on the comms.
F79 if you going to ask why don't I just sell, its because like Dartron, I'm sitting on a 40% paper loss, so not willing to sell.
Ella - re
>>You got an email from the company stating AEM was delayed due to Covid quarantine requirements - could you please remind me when you received that email?<<
I did have it confirmed that SA was put on Zams red list so the airborne survey delayed by the SA team quarantining.
However I didn't say from the company.
I suppose you could argue that isn't notifiable and is public information.
Atb
That's fair enough Ella. Not against the approaching of the Nomad to clarify a concern over lack of comms that you believe are notifiable. In fact fair play if it gets the comms machine turning.
However the tone, or impression, I am getting is
that you think (or are concerned) the lack of comms is because they are hiding things, potentially on purpose and even to manipulate the market in some way. My interpretation may be wrong.
If I had those concerns about intent, I'd run a mile and take any loss (personally).
As for holding a company to account it's simply presumption ATM. However if that presumption became fact clearly it would be at that time (after I'd sold) I would look to hold those involved to account.
Like I say, not against the engagement with nomad/arcm or frustration over Comms. We just differ (I believe) on the intent behind it.
Anyway, keep us in the loop if you do hear anything. No malice. Just curiosity.
Cheers
F79,
You are obviously entitled to hold the view you do and I don't have any issues with that.
I do have issues with some of the attempted bullying that goes on on this board by other individuals.
You got an email from the company stating AEM was delayed due to Covid quarantine requirements - could you please remind me when you received that email?
F79, yes 35% down on what was a small punt in the last few weeks of the EA. Wont be here much longer.
Not possible to conduct due diligence on a firm like this, don't kid yourself. Its punt. Good luck to you.
Teaye - fair enough. Although that's a dangerous game as you say.
I can happily sit at a loss (and I am in this stock) , if my sentiment and reason I invested remain stronger than any concerns. I'm still happy to be in here and see the probability of a strong return being far greater than my annoyance over lack of comms ATM.
But my point it more that if my concerns were around conduct, best interests, licences, legal then I'd defo take a loss of 30% to protect the remaining capital. I have done so.
However, thanks for reply.
Hopefully on this occasion you won't have another Sirius lol....I'm banking on you not!
Atb
Well said Ella. I'm not the only one with the same concerns. The silence is deafening!
Unscrupulous companies rely on people moving on and not getting issues addressed. The NOMAD is there to do a job and unless someone holds them to account investors will continue to suffer. The only mechanism there is to hold them to account is to report issues to them and then take it further if they don't take action when it is shown action was required.
As I said a previous issue related to mining licences. Interviews were stating/implying one thing while something quite different was the reality. Some investors claimed to have received an email that all was ok, etc - I don't know of the email existed or not but if it did it certainly didn't portray reality.
Ella - I might just borrow that list!
T
Fuko'79 - just on the point of why continue to hold if you have concerns... the answer is that I'm not walking away with a 30% loss; that's not really an option when you are talking more than a few ££££.
Of course, judging when to cut losses and run is a skill which for many of us is lacking: SXX (Sirius Minerals) was a good example... topping up till it dropped and finally died.
But I'm not at that point here... far from it.
I am more frustrated that the BOD seemingly have little interest in management of the SP through targeted comms. Although looking at Director holdings that might not be such a surprise....
It's a fair position to have fr both you and Ella.
I'd also like to get more news, however I'm also comfortable that progress to shareholder returns is occuring.
I don't say that without any due diligence of my own, and we've all got different goals, outcomes, risk appetites and expectations. So I respect your opinions.
Happy to hear both sides of the coin and different positions but I do struggle to understand and digest when those that have such major concerns, seemingly without any positive sentiment, continue to hold a stock? Why would you. Baffles me.
Not questioning your right to have those views. Or the validity of those views. But why continue to hold.
Not a dig, just curious.
Atb
Was watching a video, where they discussed NOMADs. The issue is that they are still paid for by the company. They also do not charge enough money, to perform their function diligently. Then (as is the case here) some companies roll both brokerage and NOMAD into one package, and it is almost a conflict of interest. Unfortunately, the NOMAD has very little interest in policing the company paying their fee's, and if the issues are a little blurry, will almost definitely opt for an easy ride. The FCA are also not interested. I would say that ARCM, almost systematically push the boundaries of what they can get away with. They wont update the market until it suits them. They know that there are enough mis-informed 'investors' out there, who will pile in on some flimsy promise when needed.
And while typing this, they put a picture on Twitter. People are so desperate for news, that the Twitter picture instantly becomes enough re-assurance, when in actual fact Ella's post is correct and all those questions are not being answered.
On two occasions in the past there has been reason for contacting the NOMAD regarding companies I was invested in. It was the same NOMAD on both occasions but not the one used by ARCM. Multiple people contacted the NOMAD and specified the issues they thought required addressing. On both occasions an RNS was issued by the company within 2/3 days addressing the issues.
The issues that appear outstanding from ARCM are
CASA cash
Kalaba mining licence
New companies that appear to hold our licences
Scoping study
Clarification of Sturec Royalty
On going court case
Apparent 2nd court case
AEM survey
Interestingly one of the previous issues related to a mining licence in Zambia. It sat for months in another name with no formal comms from the company. I did contact the NOMAD a couple of weeks ago but at that point the issues weren't quite so numerous.