The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Bbb, It is a daily report and probably all blokes.
Gonna look rushed.??
No Peggy thought she would be excited lol
Great to see the sp rise but I have a feeling that there will be a suspension before an announcement if the sp starts rising dramatically over the next week or so just a hunch
Sometimes the SP Angel briefing notes appear a bit rushed (minor typos etc) . Nevertheless, I thought it interesting that they talk about 'potential for a significant offer for the company or it’s assets' rather than a JV. Accept that I may be reading too much into it.
Arc Minerals* (ARCM LN) – 6.2p, Mkt cap £65m – Immediate appointment of Rothschild & Co as financial adviser
(Arc holds 72.5% of Zaco and 66% of Zamsort in Zambia. Zamsort has a portfolio of copper-cobalt prospects close to FQM’s new Trident mine on the Copperbelt in Zambia. The Cheyeza project is 66% owned by Arc Minerals through its holding in Zamsort.)
Arc Minerals report the immediate appointment of Rothschild & Co as its retained financial adviser.
The company is currently in discussions with Anglo American following extensive due technical diligence by the Anglo team.
The due diligence exercise has since passed onto commercial due diligence.
Nick von Schirnding, Arc’s CEO was a former executive at Anglo American working alongside and closely with successive CEO's.
Von Schirnding, was brought in to rescue and restructure Bumi, the Indonesian coal business founded by Nat Rothschild and James Campbell, former head of Anglo American’s Coal business.
Nick appointed Rothschild as Bumi’s advisor working closely with Rothschild to succesfully closing a $501m all-cash transaction for one of the company’s coal assets
The $501m deal took the market by surprise given its perceived low probability of success.
Von Schirnding subsequently relaunched the company as Asia Resource Minerals .
The deal established Nick’s reputation as a deal maker able to lead complex corporate restructuring along with the establishment of corporate governance.
Conclusion: The appointment of Rothschild & Co is unusual for a junior mining company indicating the potential for a significant offer for the company or it’s assets
*SP Angel acts as Nomad and broker. Our mining analyst has visited Arc’s license and pilot process plant at Kalaba in Zambia. The analyst holds shares in Arc Minerals
Bunch of crooks and their loss is our major gain in having NvS!!!
Not long to find out now .
Really wouldn't want to mis this one
This should be way over 10p by now,next week should be interesting more exposure now we are on the leader board
Nice to see the share price rise , ppl missed a chance to top up, myself included but have enough. Let’s see what happens now, but still time to load up as it’s cheap nothing leaked as share price would have sky rocketed.
My pleasure JF,most people will tell you I'm the most polite person on here :-)))))))))) and thanks for pointing out in public that Nick is cheating on me with Lantier,I'll deal with him later :-))
Nat Rothschild has nothing to do with the firm of Rothschild & Co. sure he’s part of the extended family but that has no impact
Thank you for being informative Fulmar,, as opposed to being insulting like Lantier.
Not sure how long you and nick have been dating now but don’t worry, I was just digging into his history and found it interesting. I’m still invested here.
JF, thats what comes of believing everything you read---Nick left because he wasn't prepared to be a puppet,and would not ignore certain facts.He was later proved right and that was where he cemented his reputation as "straight shooter with principles"
And the reason I am here today.
JFrake you are proof that use of the internet does not require an IQ test.
Found 2 sources stating major shareholders lost faith in Nick and he resigned from ARM. Both quoted Nat Rothschild. Is that a false statement?
http://www.mining.com/asia-resource-minerals-shows-ceo-von-schirnding-the-door-33166/
https://www.google.co.uk/amp/s/www.cityam.com/asia-resource-minerals-boss-von-schirnding-removed/amp/
Maybe you should get a better grasp on the history before mouthing off, JFrake.
Wasn’t Nick ousted from ARM back in 2014 having been suggested by a member of the Rothschild family as “never was suitable for the job”. Funny that he’d be using one of their companies as financial advisor now. Maybe there never was any bad blood, or maybe he’s rubbing a deal in their face :D