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At the end of the day we are all here for the same purpose Fulmar GL
Ella and apro-totally agree but if I had wanted to go over the same facts,time immemorial with nothing sinking in I would have opted to be an inner city teacher-even if AAL are soppy enough to say no-then there are others who will gladly take their place.Since Jan 2017 when NvS became a NED of Ortac ( ????) the EV/Green market requirements,the price of copper and our knowledge of our licenses have all moved in brilliant formation to produce the scenario we see today-GLA and I mean all tom .
@Ella point well made and the catalytic effect of all this work & Additional knowledge/insight should not be under-estimated
ATB APR
Thank you Ella
@Tom and Fulmar29 We all play the %chance game with Junior Explorers on AIM and yes there is a chance that AAL could walk away or NvS tells them to go away, but after 10 months of work both parties have invested a lot of time and energy to to make a deal work for both parties.
We also know that ARCM has a multi-pronged strategy comprising:
> Plan A = a prospective outline deal with AAL tabled, tested, checked & tested some more. Link to Plan B perhaps?
> Plan B = use recent placing funds to continue Zambian exploration and test mineralisation at depth
> Plan C = ARCM produce from own Kalaba plant & ore to generate £21m+ FCF per annum in 18-24m timescale
> Plan D = option on new Alvis Kalahari Copper licences, in case of full buyout to avoid cash-shell status
... and in back pocket just in case
> Plan Z = reuse deal materials & Plan B updates for next potential suitor for Zaco/Zamsort licences/projects
All of the above is now in the public domain so AAL know that any potential suitors ALSO know this; my interpretation is that this puts ARCM in a position of strength particularly as short term cash is NOT an issue for next 18-24m and revenue stream kicks in after that.
In summary NvS has really played an excellent game and a deal with AAL seems highly likely, however if a deal cannot be agreed ARCM are well funded to ride the short term market wobbles and move on to the next potential buyer whilst it continues to drill test targets and improve mineralisation confidence whilst bringing forward Kalaba production & revenue stream.
Still chilled as ARCM well positioned to go-it-alone, but will 'go faster' with a good deal
ATB APR
I assume the EA will have been beneficial to ARCM even if AA walk away. It is unlikely a company such as AA entered an EA lightly and therefore I believe it unlikely to amount to nothing. It is however a possibility that there will not be a deal and if this does happen it will unfortunately likely cause at least a temporary drop in SP together with leaving us with some bills. Even if a deal does not happen I suspect ARCM will have got significant benefit from the EA via access to their expert geologists and presumably also access to historical info which may not be available or obvious from inherited data.
Totally without insight fulmar filtered
tom-I'm not into being unkind for the sake of it but for a shareholder, your lack of knowledge and negative amateurish take is absolutely infuriating for me .I apologize for any offence and cure the problem. Good luck but filtered
AA were always the best option to get involved with, they have previous knowledge and exploration data on the area and with David Wood as their Discovery Manager in Zambia they have someone who was involved in the Sentinel discovery and is intimately acquainted with the regional geology. I think that’s why they were prepared to enter into an extended EA. I’n my view the chances of them walking away at this late stage are zero... they know what’s we have and its getting more valuable all the time.
Imagine
Sorry fulmar you cant face the the truth.I didn't say that a no deal was on the cards but open your eyes to what could happen this deal is not given like you think it is.Look what happened recently to the sp when CASA and the legal situation came to light so image what could happen if no deal happens are you so blinkered
sorry tom, I should not have asked you to engage anything that is so limited.If you really believe that the no deal scenario is on the cards you honestly should sell up now-your insightful comment and observation will be sadly missed .And if you can't see what is going on here perhaps shares are just not for you.Do some research.join the dots and give it a rest.Or sell !
You cant see further than your nose fulmar if AA bails we are left with a lots of legals to pay and an sp that will tank I have no doubt.That will leave us vunerable like it or not,i just hope it doesn't happen.
@tom-the first part of your post is logical.But the rest is total and utter tosh."at the mercy of AA" you really do need to open your eyes and engage your brain.The next 6 weeks will show anyone who thinks similarly just how much control we have".At he mercy" staggering.
In some ways it must me really annoying to have to buy back something you had already owned.As I have mentioned in the past the door should have been left open for other majors to make bids and we would have been in a better place now with the sp a lot higher imo.We are now at the mercy of AA
Agree smallholding, if AA are still interested they should be told to put up or shut up before end of EA. If not they should join the que with the rest of interested parties.
We are over nine months into an exclusivity agreement and I think that by now, given they owned the licenses previously, Anglo should be finalising a deal.
If they don't make an offer by July and ask for an extension, then I hope Arc walk away.
I think the generous six months extension played into Anglo's hand as they have had more time considering their options.
For investors here that have been patiently waiting for a year at the 'exciting crossroads' I think we deserve a definitive decision by then, one way or the other.