The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Once 3.3p is broken, 5p is pretty much a given...
This'll cool off a bit but then steady on up i reckon
Copy that Westie!
Summer evening, glass in hand. Enjoy the now.
Cheque's in the post.
GLA
Can't get a buy on HL
Steadfast - Not really any need for many words. The sp action following this weeks RNS speaks for itself. ARCM is quite possibly the envy of the mining world with a major on board. For those happy to wait another 6 months (or less) then the rewards could be substantial.
Ill be having a relaxed weekend
Flippin heck. It's a Russell and Eyeguy tag team on here today! Not that I'm complaining about the price movement. Keep it up lads :)
looking forward to Monday
going higher for def
i noticed earlier that all the sell were being bought up and more
Strange. Only 16 posts on here today. Question is whether this is under the radar and it is just a few building stakes. Just wait for the mass retail influx if so
only 2 mm's left at 3.30 the rest pushed upto 3.60 plus
must be news coming look at all the rounded buys coming in
volume way up on normal day as well
feels like some one's building a stake up today
good thing today is all the sell are being bought up very quickly
relax imo. Just the start
lost of buying then a few sell hold it back
looks ready to push towards 3.5p imo
looks like its about to tick up again only 1mm left at 3.20
My take, fwiw:
Copper in high demand for decades to come (electrification / EVs / green new deals etc.) / supply dwindling / significant new resources rare and sought after.
AA gave up territory many years ago for strategic reasons / know that Zamsort-Zaco have huge potential / need to build a solid case in order for large cheque to be written to take back ownership. NvS will drive a hard bargain / brings in AA expertise, melds Arc data with AA pre-existing data for modelling, with current drilling campaign providing further data which (hopefully) increases the odds of identifying Tier 1 target/s.
The clock is ticking / AA have opportunity to conduct fulsome DD and the option to present a compelling deal. Meanwhile, other interested majors will be lining up...
Arc has no debt, is funded for 2020, with cash due in early 2021 from sale of 3moz Casa gold prospect. Nvs is a wily old hand, negotiations will essentially be peer-to-peer and monetisation of Arc's assets will define his career (and provide huge upside for shareholders).
Ortus - Good conclusion, well made.
Totally agree with your statement,the market seems to have missed a trick here,my advice is the same as last week ,keep nibbling away while you can because in my eyes we are now far cheaper than we were last week, nothing would surprise me here now...it may be in a week a month or 3 months but one day the door will close.GLA
My outlook is simple now
AA believe we have a tier 1 asset.
ARCM know we need to prove with data in order to increase sale value.
In 6 months time AA lose exclusivity and will be forced to take action to avoid competition.
Conclusion: If results confirm AA's expectations they will take us out during this years campaign at the right price.
Apologies for posting what may be obvious.
I feel that the BoD are playing an absolute blinder here.
In its May 2020 Corporate Presentation the company declared that it has a Tier 1 asset in Zambia. True, the full scope of that asset is still being defined, but I don't think they would have used the term Tier 1 without justification. A deal will come from this agreement in my opinion, otherwise AA would have waited longer for more data before entering into the agreement. Patience.
Older - I think that is, as yet, officially unproven, but previous exploratory work has offered up some fairly high grade stuff so it's currently a matter of establishing how wide & deep it goes.
You have to surmise that AA already had an idea of the area previously and their renewed engagement would point to them knowing that something "potentially" in the Tier 1 range was there. All IMO