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@bsg4 LOL I needed cheering up. Is your day job as a stand-up comedian perhaps? You might want to review your material as it seems a bit thin to me.
ATB APR
I can understand the view from people that the shareprice hasn't done huge amounts for a long time here, but its a junior explorer and so its done well to not fall consistently raising exploration capital etc. Its the nature of the beast. It is fair to say the price hasn't done much and has been pretty much ranged for many years. That said, it doesn't mean the project isn't valid and wont get attributed its fair value in time.
Fulmar, personally I'm ignoring the March fall and subsequent rise back as while it shows a strong trend that could have been taken advantage of, that's more based on the macro environment / pandemic that was observed across most stocks. That said we have obviously more recently rightly gone higher on ARCM specific sentiment, and deservedly so.
Its not about 'jam tomorrow' or any other nonsense phrases that get banded around on these boards . You either believe in a co/project or not. Its binary. If you believe buy and hold, or wait then buy. If you don't then sell.
The trouble is that investors who lose capital like China etc feel the need to blame others, or the company, rather than themselves and trying to learn what they could have done differently.
Personally I have held here at various times and kept an eye on the co & projects as I find them compelling. The recent disposal of non core assets, AA coming back, the history of tenements we hold, the bullish outlook for electrification metals (particularly Copper) is why i've now decided to rebuild a much higher position than Id ever had.
I may be wrong and lose a large part of my capital but I've done my research, timed the re-entry over the last several months and will hold come what may while this unfolds. If I am wrong I will own my own decision and not blame the company or anyone else for it.
If like some on here I didn't believe in the project or the company I dont see the point in maintaining a position. Just doesnt make any sense to me. But hey ho.
IMO its a case of ignore the price action unless anything fundamentally has changed in the reason you invested.
Anyway, thats my two pence worth lol. GLA
ATB
bsg4,
That's a possibility, however the information 'we know' is that a Major Player have spent 6 months researching what we have. They've then done DD on the commercial side of things, at which point they made the choice to enter in to negotiations.
Personally, reward outweighs risk in this case.
The SP movement is just MM algorithms exploiting us!
The prize is massive here.
Hold for gold!
Well hold for copper
Then we'll go back to 2p. Go it alone, loads of dilution. How painful will all that be?
Maybe it's not going to happen. Mind games?
What a ridiculous share price. This should be way above current levels.
Letter--See I told you it was difficult !
If you have the ability Peggy,have a look at the sp graph for the last year and there's a difficult two word description that describes the trend-no---bit too difficult ? ----it's "UP"
Yes Peggy has joined BSG in my filturd bin.
Ignore the noise of China Blues fan club or multiple I.D's on here deramping, they seem to only come out of the woods when the sp goes down which is why they are not even worth addressing. Ultimately the value will come from deal if completed, anything else is just noise.
I would imagine the main reason AA got exclusivity was because ARCM got years worth of detailed soil sample data from AA in return. We basically now have a map that provides a stronger indication of the locations of the copper. With all the excitement around Fwiji and Muswema and AA passing through tech review ahead of schedule allows us take confidence that the soil samples did their job well.
AA geo Dave Wood believes that somewhere in ARCM's postcode there are number of tier 1 deposits that have not been accounted for. Potentially multiples of Sentinel. Considering all the above and that AA and ARCM are now in negotiations, surely they think they've found something significant?
The idea of AA not proceeding with a deal-making offer of some kind seems very remote to me. We know we're open to investment so even if they can't go high enough to meet NvS's takeover price they will surely be wanting to take a significant equity stake. A similar story to SOLG could then unfold.
A rare opportunity this and not one to trade in and out of IMO.
It's simply a hold and wait imo. Share price will do what it does in between doesn't mean anything unless it's based on news etc.
If AA walk away we can get things moving alone as per the plans outlined in previous RNS'. I believe a deal will be fine provided AA don't try their luck in which case we should walk away.
I won't risk trying to trade my shares here.
GL all
With all the time AA have been very interested in the assets of arcm a bid could drop at any time
Maybe that was a precondition of negotiations. To focus the minds.
Why would arcm lock in AA for 6months with no other bidders allowed unless it is a done deal
Miners and Copper in general taking a hit today, particularly AA - down 5%
AA have shown their hand, thus if this didn't present a significant opportunity for them, they wouldn't be entering in to negotiations with us.
NVS has made it very clear they're expecting a premium price on any deal for shareholders and AA knew this prior to entering the negotiations.
As for other majors, they now know AA must be significant by the time they're trying to negotiate a deal. They won't be privvy to the complete results until such time the AA falls through.
I wholeheartedly believe we will secure a deal with AA. Its just a waiting game now.
I put my money on a market shake... holding.
Dropping like a stone now, on small volume. Maybe they're aiming for II entry price.
"Worst case scenario and the AA deal falls through, they've shown their hand in that they know we have some very good copper deposits.
This would open up the path for another major to step in, skip all the work AA has done and simply put in an offer."
That's the bit I don't necessarily agree with.
If AA walk away now, it's presumably because of a big price mismatch. But no-one else, including the market, would be any the wiser for the detailed drilling information and resource calculation that has gone unpublicised in their meetings and negotiations. So why would another outfit with dep pockets suddenly appear as a gagging suitor, knowing that Arcm's best shot at maximising value in their license areas would be with "old friend" AA?
why folk would be selling just now. It's not even like the volume is there to intra day trade.
Right, so we all know Anglo American spent 6 months delving deep in to our assets.
At the conclusion of the agreement, if they weren't interested in what we had, they would have walked away and thanked us.
No, instead they then opted to start negotiations with us.
This couldn't be any clearer, a deal is going to happen.
Worst case scenario and the AA deal falls through, they've shown their hand in that they know we have some very good copper deposits.
This would open up the path for another major to step in, skip all the work AA has done and simply put in an offer.
Now, I don't think AA would allow this to happen. They want what we have and I'm confident a deal will be struck.
News will land shortly and catch a few out