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Olderwiser, the next set of drill results may make the company, but it certainly won't break it. It's just one new target out of many. If it comes up good, fantastic. Otherwise, move onto the next prospect, or carry on drilling Ch East.
Older , we seem to be in a few of the same shares . Had a holding here for a fair while without really posting but good to see some movement .
My reply to Older
No. Not at all.
NvS and the NDAs will already have a good idea what the next drills are likely to show,so with this agreement signed the odds are on "Maker"
"The next set of drill results will be far more important than the current news imo."
Well said.
In fact, the next set of drilling results will make or break this company.
The Herd love the sound of a deal or sell add in a major like Anglo and you can quickly get a stampede..
Might see that here..
Yes it does bring us back to 3p which like you've said has been in support in the past. Thank you for bringing something to the conversation other than £500 PER SHARE MARKET CAP OF 10 BILLION WHEN THE MARKET OPENS ON SUNDAY POW.
To the long term holders well done for having patience. To all the new investors, welcome.
Today is an important day in the life of ARCM. Now sit back and relax
Anglo exclusivity agreement currently valued at £8M more than it was before news. Can see why it's 3 to 1
Hi Yeezzerrr, it also brings us to 3p, which is a price which has been supported strongly in the past with this share :).
The next set of drill results will be far more important than the current news imo.
You've been around AIM before right? We will be lucky to be at 3.5 by the end of the week. Far more likely that what you're seeing now is what it will stick at, maybe even a slight retraction. A bit of realism guys.. this news gives us nothing in the bank, nor does it increase our current asset value. What it does give us is a deadline and a potential further discussion with AA if/when we find more copper. It also possibly puts us on the radar of other majors. We've got nothing in the bank till either a deal is on the table or we find more copper. This is just a stepping stone a good one but relax.
Kullybahia, I couldn't agree more, it is a very smart move. That said, I would like to have this season's drilling results concluded before any T/O as this will, IMO, send the SP north and reflect more of the true value. Time will tell. ATB
only 1 mm left at 3.10
especially when word gets round
Easily 4p by tomorrow morning
i reckon this should be 5p at least by friday
Stock under 3p isn't available for long....
Why is that not surprising! 4p plus by tomorrow morning at this rate
The exclusive agreement does not have an earn in for ARCM. Basically after the agreement ends, other parties may bid for the assets. Arcm want to create a bidding war, by refusing to take any money now, or conclude a deal with Anglo by Xmas? That's a smart way to sell your assets to the big boys?
Much higher than the current SP suggests....HOWEVER, don't get sucked to some of the newbies traders crazy valuation ...LTH regulars posters here will know what I mean....
That say aside, great news today that will finally going to put us into much higher trading range ...good enough for me....for now anyway....
GLA.
Anglo - almost as big as it gets
Buy out at £250m = x 8.3 = 25p ....