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My main concern regarding 2021 is that liquid could dry up due to the virus, and commitments made during good times may have to be evaluated in the event that the investors may need to reallocate cash in order to keep their businesses going, businesses which could have priority over Arc. I do hope that they will remain committed to Arc and continue to view it as a tier 1 investment. I am confident that the BOD will be on the ball and will have planned appropriate contingencies.
Eloro - agree that focusing as a pure copper play is important, but (from prior NvS interviews) funding sufficient to get to the point where significant resources are proven (or not) should be available. Arc's existing small-scale institutional investors have a stake and have (as I recall) pledged to be a continuing source of capital. It's along game with (hopefully) very considerable rewards. In the meantime, the 2020 campaign is funded and we can only hope that additional promising data are revealed in the coming months.
From a macro perspective, the copper price is beaten up due to severe economic downturn, but just might find a floor owing to the virus shutting down mines / reducing production. In time, the world will likely move towards widespread electrification / Green New Deal. Money printing could result in inflation once we're through this brutal deflationary period, and real assets will likely rebound strongly. Copper will play a hugely important part in the world economy. Large-scale resources will be highly prized - majors will need to enhance their reserves and Arc's day will come (as long as good data keeps on coming).
Btw, anyone interested in how a mining legend goes about his business should subscribe to Real Vision (a financial video service - avail at $1 for 3 months as a trial) and watch the 90 minute interview Grant Williams has with Ross Beaty. Fascinating, and absolutely should be watched by all those concerned by the day-to-day sp movements.
The casa deal was made in line with the company's stated objective of becoming a pure copper focused company, and also to please interested parties who do not wish to do business in the DRC. The deal is a strategic move to achieve a more lucrative outcome in my opinion, which is to sell the company. With the current climate, the company cannot be sure that they will still be able to raise capital for a 2nd drill season in 2021, especially if corona becomes annual and there is still no vacine, the pressure will be to sell rather than fold due to lack of funds. 2020 will be a turning point for Arc IMHO.
I agree Fullers, I don't think it's honesty that's in question its the re-setting of expectations from an outright sale from memory somewhere in the mid 10s of millions to give us your gold and we'll lend you $5m
Sadida-there is a massive and legal difference between "not sugar coating"something and questioning the "honesty" of the board.Perhaps the items you have buried "deep" in this share you should put them in your mouth and think before you speak,and maybe ask a few questions first.As for "growing up "-vastly overrated IMO.
I agree with oNCo. The company is focused on becoming a pure copper play. Great effort has been made to sell casa to achieve that goal in order to satisfy interested parties waiting in the wings. The end game is to sell the company as stated in the Crux interview, and also by Remy. The question now is will it take 1 or 3 years to complete that sale? Given the current global economic conditions, it would be sensible to complete a sale well within the 3 years time line.
We need to be disassociated with non-core DRC / CASA assets due to previous NvS comments regarding the views of interested majors. Maybe this deal gets this done at the right time for ARCM and extra cash is a bonus.
But by the time the financial benefits of the CASA sale kick in I'm hoping / expecting that the core copper assets would have progressed significantly upwards and taken the SP with it.
@SADida Casa a large part of what ? if you are at all interested in the facts,rather than just mouthing off negatively, email NVS directly like I did and he will answer, and then your sad guesses ,even allegations will just prove you to be the shorter/de -ramper or naive individual you are .
https://www.thisismoney.co.uk/money/markets/article-1619884/Fury-as-pound6m-drains-away-from-MinMet.html
Hopefully not the same fella and it just another guy with the same name.
Alarm bells here mabe im barking up the wrong tree.