Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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LockerRoom:- "he ramps any company which they represent...........he just repeats recent RNS info (often shows his lack of full understanding) and bigs them up as part of his job".
Does John Meyer post on here under the name of Jarvis, Fulmar, Lantier or PowerPortfolio??
@Jarv55
It's a good point re our KCB licences.
The AA JV naturally has been getting most of the attention of both shareholders
(and non shareholders) :-))))
But, as was mentioned on the call today
MMG Who have recently bought out our neighbours for a multi billion transaction and they are looking to significantly increase their mine throughput
"Our licences could be the solution" was I believe the phase used and they seem pretty confident.
I wouldn't be surprised if MMG don't already have our KCB assets firmly in focus as another take over target.
-
Link to presentation
https://youtu.be/pbJRTFHgtw8?feature=shared
My prediction earlier this week was totally inaccurate and I hope you will all accept my sincere apologies.
"1.75 bid thursday close
1.6p bid friday close"
I was always taught that eating humble pie and admitting you were wrong shows strength of character.
ATVB
GLA
TNR
XXX
Yet another 'Strong Buy' signal when you see the bad actors getting so triggered and spamming the forum ahead of news.
Jarv55 has very clearly got them rattled. :-)))
I remember seeing this pattern of behaviour on Kodal Minerals when it was down at 0.004.
The amount of defamation that these jokers posted on repeat so that they could load up on the cheap ahead of news was incredible.
The SP then almost immediately doubled in the space of a few sessions and they obviously still wanted to buy more as it was such a clear multibagger situation (same as here) they threw everything at it.
The share then more than doubled in a single day and went ro to 20 z bag.
The offer was always going to be made for their assets at eye watering multiples.
Same situation here IMHO.
You don't get a major doing all that Due diligence on ARCM copper licences and agree to spend $85m+ (well over 3 x times our present market cap) to price up a Tier 1 asset if they don't believe they will go on to do so.
@DonkeyOatey - John Meyer is an SP Angel employee, he ramps any company which they represent. He changed his tune on ARCM overnight because they got dropped as ARCM's nomad/broker. He's not a "respected junior mining specialist," he just repeats recent RNS info (often shows his lack of full understanding) and bigs them up as part of his job.
Following the Investor Update presentation I contacted the company because I was concerned that some investors could have been given the impression that the JV might not run its course.
I received the following reply
'The point on the JV going the course was misunderstood... what I was saying was that a punter reached out and said following the BHP bid and concern that they might pull it was grateful that the company was well capitalised - for any eventuality... As I said on the call BHP (and Anglo's) strategy is all about copper so I have no concern...'
It is what it is trust in the drill bit and the expertise of the guys behind;).
Towards balance to my earlier post, I haven't given up hope in Simon Lee 40p coming true here in the end ... and much patience here is fine by me
Nice Top up opportunity today.
Will continue to scale in over the weeks ahead until I get to my Target position size.
Then, time to relax and enjoy the results coming in and multibagging this well into double digits.
GLA
We are drilling and our success is largely dependent on good assays, what did people expect to hear??? Aim is full of rainbow chasers and bitter ex rainbow chasers.
Just emailed NVS and can't believe I got an immediate reply. He seems to be still upbeat and said just wait for the drilling results. I wish I had his confidence as I am now over 60% down when I expected to be over 100% up.
Oh well, the usual lack of interest causing the s/p to drift. But just watch people scrabbling to get back in over coming months should there be signs of a decent copper deposit.
Should have 6 months of drilling in the dry season
Newsflow to come from Botswana first
will take a while for essays to come through on Zambia about 6-8 weeks for results so don't expect essays to come quickly.
They are not looking for a partner for Bots yet its a strategic licence.
Still looking at other licences got out bid on the last one.
Can't tell us how many rigs they will be using Anglos are driving the comms.
Can say they won't have a problem getting rigs.
They were going to raise after the JV but decided against it
Didn't expect the sell off from the Pension fund.
It is his duty to make sure Arc are in a good cash postition in this market.
strong cash position now.
Anglo are methodical in their approach. will be surveys envirnomentals etc there is a process for the LML's.
He stands by what he said in December most exciting Copper play he has seen.
Did say something about BHP/Anglo deal if it effected the JV in any way there were others interested in the project.
(I wasn't on the call ... RNS this morning said most all too, you'd expect)
For a small while I'd hoped/guessed it might become a priority share for me but I'm plenty less sure of that now ( my small to mid size bet here has been and might easily remain very slow to see any further grow out )
The BIG hope here is always the Anglo expertise/ drill bit.. NvS had skills enough to get the JV done, at least.. but is limited in an awful lot of ways .. and is of course significantly overpaid .. and 'weasley cute ' enough to ensure he'll not be pushed aside here..
Ps: While the abusiveness on this BB was a shock to me at first, I'm coming round to finding it more entertaining as we go.. and so I've got that to keep me engaged here too :-)
Don't post rubbish, Jarv55! You'd need 51% of the votes cast at an EGM in order to oust him; you'd need a much smaller percentage to force and EGM. Since your statement ("its the first time he has been totally honest") implies that he is not normally honest, how do you know you can trust him this time? Were his lips not moving?
You would need 5% of shareholders to get rid of Nick and call a requisition one thing I will say about the call its the first time he has been totally honest.
Thoughts Lantier, Fulmar, Jarvis and Seis?
You loading up at these even lower bargainous levels?
GLA
TNR
XXX
Spot on, Peggy - Nick von Trapp and his merry munch of overpaid men need kicking to the curb pronto, the whole admin of Arc could just be put into care and maintenance whilst Anglo get on with the drilling, I hardly think anyone at Anglo will be on the phone to Schirnding asking his opinion about anything. Not unless they need someone to mismanage a local sweetshop (to borrow the words of John Meyer on Arc's poor management team, and he's one of AiM's most respected junior mining specialists.)
Perhaps the ramping will stop now, this has now become a long long waiting game, jam tomorrow and nothing more.
Peoples time would be better spent moving the management on, they have done nothing but destroy value here, IMO this will be below 1p in no time.
Glad to hear Cheyeza being one of the 2 top targets this drilling season. Should be fireworks from that one.
How do private shareholders go about changing the management at this company .When is Ni ck ever going to earn his outrageously high salary
@Valueseeker
Shard Capital Partners LLP were the Placing Agent for the recent raise.. - see the placing RNS
Probably Iexplains why we suddenly had an influx of posters who were fan girls of the former broker
Venting their spleen about NVS.
All nonsense really as the JV has 3 Directors from Anglo American alongside NVS so I'm sure they know what they are doing with their $85m!!!
Discovery and/or M&A, Valueseeker. Rest is all noise.
Agree with you - it's a waiting game. I'm excited to see how cheap I can buy some more shares...
As i see it, waiting game over next few months to get assay results back,but lots to look forward to when it arrives.
Wont lie, i was bored on the call and felt like another jam tomorrow type of call.
I have additional funds but definitely waiting and will watch for volumes to pick up...
We essentially had a 20m share overhang and because of this raise weve allowed a bunch of new loose shareholders to come on board dump stock at these levels and have free carry on warrants which has given us a bigger problem than before.
Very surprised to see us take on another broker...