The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has 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.
Sorry lantier "he" as in donkey nuts I really must replace this screen ;)
lantier regurgitates þhe same old **** constantly, having said that i put him above tnr at least he makes a modicum of effort.
ps ffs donkey who do you this'll be steering this jv........ill give you a clue.....aa
That's a bitter "small -time retail nobody" to you Lantier. Imagine how bitter he would be if he really had a problem in life ! Boggie /Donkey there are people out there in the "real world" that have real and insurmountable problems and your efforts on a soppy BB where you have lost a couple of bob are embarrassing ,try doing a couple of volunteer shifts at a hospital to sort your thick head out and try and create some perspective !
Donkey that's an awful lot of words to explain you're a small-time retail nobody.
But thanks for the clarification.
Ladies part Donkey, in case your IQ was blocking your understanding Boggy !
sorry they're even blocking **** ,i meant ******* !
"i repeat the words of one of aim's most well respected junior mining analysts" i absolutely knew you were a **** and now you have confirmed it along with your adulation for that total and utter amateur insider trading bell end ffs
Deary me, Lantier - mathematics clearly isn't your strong suit, is it? Goes to credibility you know! lmao
And yes, since I only put 10% of my portfolio into speculative punts on AiM, you're quite right that I would regard £20k into something as mismanaged as ARCM as a lot to risk. It's a part of portfolio planning to decide what proportion of your assets you're comfortable taking a big risk with. Since I already have about 1.1m shares in FCM, about 50k shares left in JOG, 220k shares in GMET and whatever 3.8m POW shares (in old money) converts to, I think that I've plenty already invested in this sector on AiM. But thanks for your concern.
As for the gold assets which needed to go for a joint venture, that was the rationale for disposing of them certainly (I remember a certain cretin who brought those assets into the company and was singing their praises for years, and taking his salary the whole time surprise surprise, and suddenly they can apparently be thrown away in exchange for completely worthless shares in a fraudulent entity! You imply that the choice was a binary one between keeping the assets and no JV, or chosing to acccept worthless shares in return for them; competent management would've negotiated for actual value in cash or shares.)
I repeat the words of one of AiM's most well-respected junior mining analysts, John Meyer, about the management of this company: "I wouldn't trust the Arc board to run a local sweet shop!"
The fact that Arc's share price is at multiyear lows when they've a JV with Anglo tells me quite clearly that the market thinks there's something very wrong, and since there's absolutely nothing to worry about with Anglo clearly the problem is with Arc. And all Arc have is their Anglo JV, some KCB land they can't afford to drill, and a liability of a management team.
1.2 brain cells is a lot to Donkey !
Corr: 1.2m shares is apparently a lot to Donkey.
Maybe go with management who own at least 50x more.
Donkey that's completely disingenuous - you have made the point here repeatedly that the dilution caused by the last raise was now an insurmountable obstacle to potentially high returns for ARCM shareholders. When I made the point that said dilution was neither here nor there in the overall scheme of things, you doubled down.
As for your criticism of management, you clearly feel you've been wronged in some way and your arguments are emotional rather than factual. To address your concerns:
1. The Congolese assets had to go in order to get the JV done. Management took a view on the buyer. It didn't work out but the JV got done, which is all that really matters.
2. The price at which the raise was done was unfortunate, but was driven by factors outside their control. Whining about it says more about you than it does about them. As for the dilution, see point 1. above.
3. The fact that 2m shares or approximately £20k is a lot to you speaks volumes about the level of your self-importance. I think I'll go with management and their 50 million shares.
"To act like the lowball placing has blown any chance of meaningful returns is quite obviously daft."
HarChris, my point was more about the poor management managing to find a way to screw things up, even with a big discovery by AA, not just that the warrants were highly dilutive at multiyear lows. As I have always said here, the extremely poor management are the real threat to this company.
We are sitting at the bottom of a wave, historically these last 4-8 weeks. Can sometime stretch longer if this dips further. However if this pans out to be the bottom of the current wave, next week or 2 we should see a sharp rise.
ATB.
When this has MOMO, the FOMO will explode! 😈
There's no doubt about it that Nick and the board made the wrong calls re the placing, at least with the benefit of hindsight. Equally it's understandable why he would have expected the signing of the Anglo deal in 2023 to support the share price sufficiently in order to place at at least 3p in 2024, and maybe higher. Instead he got caught on the wrong side of a massive collapse in valuation for any non-cashed up small cap and we get to where we are now.
The warrants are a bit frustrating but in the grand scheme of things it's almost immaterial if the JV proves a roaring success. Before the placing there was 1.233B shares in issue and now there are 1.446B. A placing at a much more stomachable price would have meant perhaps 1.35B shares at this point with slightly fewer warrants.
To act like the lowball placing has blown any chance of meaningful returns is quite obviously daft.
Really, PP? I didn't realize that highly respected AIM junior mining analyst, John Meyer, had slated the incompetence of any other mining companies as directly and openly as he has Arc: "I wouldn't trust the Arc board to run a local sweet shop!"
Sadly, his assessment of their lack of ability is reflected in what has been happening in ARCM recently:
-failed due diligence on the Tingo shares, which are now suspended as a suspected fraud
-loss of almost $5m worth of available for sale securities from Arc's balance sheet
-massive overpayment on salaries (how these clowns can think their failed performance warrants about a million a year!)
-driving the share price down for a year and then placing an addition c20% of shares in free float at 5 year lows
See it across a few boards.
Posting like some kind of deranged jealous jilted former lover.
Embarrassing comments really.
A new broker was brought in.
Whinging comments once you have been kicked into touch is desperately embarrassing stuff
ARCM clearly living rent free in the heads of some on here on the daily :-)))
The real risk in a company like ARCM comes from the incredibly poor management here - I'm not sure if anyone has ever doubted that a major will be able to find copper on our licences if there is any to be found, but with such poor leadership here which has led this company to the verge of bankrupcy and then done a placing at 5 year lows....well, it's hard to see how PIs will get any huge upside now. Sadly, NvS and his bunch of freeloading pals will still bleed a million a year out of Arc, which is a real shame. (I find the guy's behaviour at ARCM to have been an absolute disgrace - losing the only large cash/cash equivalent holding with no explanation, placing at multiyear lows rather than placing straight after the AAL deal was announced, etc. As noted junior mining AIM analyst John Meyer said, "I wouldn't trust the Arc board to run a local sweet shop!" Thing he's right on the money there.) Regardless, I've bought a couple of shares here to flip if and when this gets into the 2s (so, come on guys, get ramping please!) If it had a credible management team with integrity I'd have sunk this year's complete ISA allowance into Arc, but there's no way I'd want to risk a lot with someone like NvS at the helm.)
I'll take that question.
In a commodity bull market there is A LOT more upside to be had from small caps than there is from established players. Of course as always it comes with more risk but that's the aim for any small cap investor, be in during boom times and be long gone during downturns.
ARCM may well prove to be a very good example. Anyone investing here over the past few years were caught out by a liquidity crisis on AIM and a copper market that never quite hot up enough to offset that, (as well as disappointing mgmt decisions).
But now ARCM is near 5 year lows, the long wait for the drilling campaign to get started is over and even the most negative of posters on here are saying 'copper prices set (sic) to rocket'
Of course many will choose to invest instead in the mining giants and will probably see very healthy returns but strike gold (well copper) in Zambia as is expected and the returns from 1.7p here will dwarf those from the likes of Glencore - too high risk for your average investor sure but more than worth the risk for those that have done their homework and have an appetite for exposure to outsized gains.
And a reminder https://twitter.com/BigBiteNow/status/1755895067699454248
I think we are quite within our rights to follow your lead and answer no questions!!!, but what in your expert opinion will happen to this SP if anglo hit 1 or even multiple tier 1 deposits given their historical knowledge of these licences ????, that's why I'm here princess but remember only invest what you can afford to lose, a lesson the majority of you muppets obviously forgot to follow.
if as widely reported by reliable sources that copper prices are "expected" to rise significantly, why dont you supposed investment and copper experts instead of putting your money into highly speculative ****e aim mining shares just buy copper futures?
interesting eh?
anyone brave enough to offer a sensible answer without abuse?
atvb
tnr
xxx