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Not all 500ks are sells. ;-)
When and if this ever gaps, PP, it will gap like a mthrfkr.
Imagine the opening gap up in SP here if an early offer came in and AA wanted full control..
Imagine if a offer was tabled from a third party, BHP for example. Or another Major wanting in on the Tier 1 ground.
Given the amount of cash AA are happy to commit to drilling.
They obviously see it as having Multi-Billon dollar potential or they wouldn't have spent all the time and due diligence on the project and signed binding terms on a JV that sees their total cash commitment to the project of $88.5M.
Could be one of the biggest opening gap ups in share price in small cap history.
Good reminder from the RNS
Update on Drilling program about to comence
https://www.investormeetcompany.com/arc-minerals-limited/registerInvestors
Details incoming on Thursday's webinair
Well its all go on here, rampers trying there best to keep it positive, let's see if there is any news forthcoming.
Normally when a CC has been arranged news isn't forthcoming and all the excuses come out on the CC as to why for instance AA won't be drilling or why some black cloud is over Botswana or maybe it coukd be issues with the Cadastre again, whatever tge excuses are I bet there will be some.
Or maybe news will land with all the plans laid out, results from early drilling by AA, a offer for Botswana and good news about Tingo shares.
Who knows? If history is to repeat itself again the SP will be at 1.5p or less by Friday morning, that's my suggestion.
I see the sellers don't think much of any alleged plans, says it all really.
A few on here know that the 🔥 BBQ 🔥 is coming
And appear to be getting hot under the collar already. :-)))
With all that ramping pp you must be famished!
Your efforts on here are truly cringeworthy!
i certainly wont be wishing you ATVB
To repeat, anyone who might be taken in by your ramping exploits should view your scores of historical ramping posts on other shares.
If the mods on here were doung their job you would have been banned years ago (but having said that you probably are an LSE mod which would explain a lot).
All this talk of food is making me hungry.
Bank Holiday weekend BBQ is definitely on the cards
Agree on the wave theory also.
Plenty of levels for this to move through on the way back up at each of the technical levels on the chart.
@TaD
Agreed
Multiple value add inflection points ahead now.
I have no emotional attachment to any share, just observe the technical levels, future news flow, fundamentals, whether a company is now cashed up or not. Director buys, underlying commodity price movements etc.
More than enough cash is now held for ARCM to make some further acquisitions and get boots on the ground out into the field.
With the parallel program of exploration all being free carried for a multi mullion drill program in Tier 1 territory.
Update on plans on Thursday allows them to get the coverage out there for the wider market to review over the bank holiday weekend ahead.
From these levels where the market cap is presently less than the phase 1 spend commitment from AA... its a compelling opportunity.
PP, based on a little research project i undertook, i think the probability of news before the Presentation is slim, however not ruling it out completely (an aquisition of somesorts). I'd expect the sharprice to rise on anticipation of news from here on.
When expected good news lands much of the first wave up will have happened already.
In short, now is the optimum buying time IMO. and hold on for multiple waves up.
DYOR
The SP has now crossed above the 10 DMA
Something technical traders will use to see a bottom being put in on the SP.
Price also crossed the 20 DMA yesterday
Another bullish indicator.
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Traders would also use these technical indicators to close any short position and open long positions.
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News incoming on Thursday
Good to see so many new folk checking in alongside myself
Good reminder that news is due this Thursday
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Investor Call via Investor Meet Company
The call is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9:00 BST on 1st May 2024 or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Arc Minerals Ltd via:
https://www.investormeetcompany.com/arc-minerals-limited/registerInvestors
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Update on Drill program about to kick off.
Reminder of the Analylist take
Valuing exploration success:
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Based on our two examples – we are not aware of any other AIM listed explorers with
comparable recent success – we conservatively suggest that a maiden resource for the
ZCP could generate a 10x uplift in the value of ZCP.
Reporting of updated resource) we anticipate an updated resource and suggest that the uplift in value may reach 15x.
15 x times present share price.
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Some Conservative SP targets in the region of:
10 x to 15 x for ARCM.from the city analysts
Even the algobots are now buying!
Signal Update
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Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed above the confirmation level which was at 1.7250, and our valid average buying price stands now at 1.7420.
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Market Outlook:
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Let’s jump on our white horses and go for a bullish ride. Today’s candlestick has a white body and its close is above the confirmation level.
The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated.
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The trend is also bullish and perhaps it is the right time to participate in bullish fervor.
The market is telling you about a new profit.
Do not miss this bullish opportunity.
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Pattern Description
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal. more.
@Jarv55
Agree. Looking forward to hearing about plans right across the licences area.
Most juniors have to scratch about with a few hundred metres of drilling every year or so out of a drill budget of a few hundred £k
With a $38.5m spend commitment from Anglo during phase 1, once the crews are out in the field where we will be looking at 10's thousands of metres of drilling.
It's going to be one of the chunkiest drill programs seen in the small cap space for many a year.
SOLG and GGP being just two of really big significant drilling programs in the London Junior market over the past decade.
Once this gets underway its going to get very busy in here and there is going to be lots to report back on from each target zones being worked.
These really massive fully funded Tier 1 drilling opportunities don't come along very often
GLA
Will be interesting to hear what they have to say at the Investor meeting hopefuly put some meat on the bones about the new licence(s).
Full ask paid there.
Indeed. @AD
Interesting day today. Will the 500k seller re-emerge? I imagine there has been some shuffling of 2.95% holders positions recently. They dont want you knowing they're holding.
Looks like we are about to receive a fresh research Note from Shard Capital.
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A re-iteration of the Target valuation in the region of $2billion would sound good to me.
Fair value for Tier 1 copper deposits over the past few years.
With the uplift in copper prices and commodity super cycle just warming up.
This could move much higher in time.
Not without risk as with all exploration
The biggest risk is to take no risk.
GLA
I have asked this question to both TNR and notesco but they both swerved it. Possibly donkey will have a craic at telling us why they have bothered.........I won't hold my breath.
Has to be a good reason they went for them.
Duly completed Form I with geographical coordinates of the area of interest which should fit the predefined cadastral grid.
A Compressive Statement of the Mineral Deposits in the area over which the licence is sought (Should include details of all known minerals proved, estimated or inferred, ore resources and mining conditions).
Feasibility Study for Mining Operations (Should include forecast of capital investment, the estimated recovery rate of ore and mineral products, and the proposed treatment and disposal of ore and minerals recovered).
Approved Environmental Impact Statement (EIA from ZEMA).
Details of expected infrastructure requirements.
Proposals for employment and training of citizens of Zambia.
Proposals for promotion of local business development.
Detailed geographical report on the Area’
Pegging Certificate.
Valid Tax clearance certificate (Issued under Income Tax Act Cap 323).
Plan of Proposed Mining Area.
In the case of Gemstones, a Plan for Cutting, Polishing and Faceting of Gemstones in Zambia.
Statement of duration for which licence is sought (should not exceed 25 years).
Articles of Association, Certificate of Incorporation, Certificate of Share Capital.
NRC/ Passport copy (ies) for all Shareholders.
Any other information which the Director of Mining Cadaster may require.
Https://transparency.org.au/publications/zambia-mining-licence-process-map/ I wonder what info they had to give to be able to be awarded mining licences that last 25 yearrs.