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"This strategic alliance will leverage KoBold’s advanced data science techniques and Midnight Sun’s extensive local experience. The goal is for KoBold to earn a 75% stake in the Dumbwa target by investing $15 million in exploration and making $500,000 in cash payments over 4.5 years." https://www.mining.com/billionaire-backed-kobold-midnight-sun-team-up-for-zambia-copper-discovery/
""This strategic alliance will leverage KoBold’s advanced data science techniques and Midnight Sun’s extensive local experience. The goal is for KoBold to earn a 75% stake in the Dumbwa target by investing $15 million in exploration and making $500,000 in cash payments over 4.5 years." https://www.mining.com/billionaire-backed-kobold-midnight-sun-team-up-for-zambia-copper-discovery"
All this propaganda Fullers but yet the only thing that matters, ARCM's shareprice, is at its lowest ebb for exactly 4 years, and that including copper prices at an all time high, the signing of the greatestest JV of all time and of course, Seis's beautiful coloured meaningless drawings.
Perhaps you should provide us doubters with a reason why?
ATVB
TNR
XXX
Are you a buyer or a seller at 1.8p TNR?
Good morning Lanters!
Although I wont be going back into ARCMor indeed any AIM stocks at the moment, I would be a seller at 1.8p but please allow me the courtesy to ask YOU the very same question I asked Fullers last night...
All this propaganda Lanters but yet the only thing that matters, ARCM's shareprice, is at its lowest ebb for exactly 4 years, and that including copper prices at an all time high, the signing of the greatestest JV of all time and of course, Seis's beautiful coloured meaningless drawings.
Perhaps you should provide us doubters with a reason why?
ATVB
TNR
XXX
I would be a seller.....lol
I'm a buyer at 1.8p TNR and note that you're a seller.
The reasons we're at such a low price are:
1. The shareholder register is full of trapped longs who've been in this a long time and are fatigued. Whenever the stock catches a bid, some of them roll over and sell.
2. There is essentially no institutional presence in the register because they are not allowed to buy anything this speculative.
3. The JV took much longer than anticipated to sign and then complete. That's partly Africa, partly Anglo's cautious approach to diligence and legals. Expectations of a rapid process were disappointed. Many folded.
4. We had one large institutional shareholder who breached his mandate and should never have bought. That shareholder's exit was poorly handled by all involved.
5. Management told the market they would not need to raise and then they did - terrible timing and a big disappointment.
6. AIM is illiquid and populated by retail know-nothings, chancers and nickel-and-dime small-timers. Tiny volumes make big price movements. Price discovery is impossible for MMs and investors because nobody really knows how to trade and nobody trusts anybody else.
7. Everyone is waiting on drilling results. In that vacuum the stock will drift. When the animal spirits are lacking, that drift is likely to be downward or sideways.
Does all of the above mean the stock is cheap or expensive? I think the former, you think the latter. What's bizarre about your stance is that you are not involved. That's either a lie or you literally have nothing better to do.
You missed the main reason... the placing. There have been no shortage of buyers, in fact buying has been very strong, but until the placing has been flushed through there will be downwards pressure on the share price. We are almost at the point where the placing should be cleared.
Morning SEIS. That was my point 5. You're absolutely right on the post-placing churn.
When and if we get some decent news flow - and in my view that is likely - this thing will explode.
All the conditions are there and the setup here could not be better. It's amusing that anyone would cite a low share price as a reason not to buy or indeed to sell. Tells you all you need to know about the £-making ability of the individual in question.
I see MetalsTech could be lining up a sale/ major partnership of Sturec mine. RNS today valuing it @ A$120M with negotiations and going.
It's ready to breakout to the upside at any moment. It's so undervalued right now. People should do research and see for themselves.
Are you a seller at 1.9p TNR?
Chunky buy there.
Answered that before Lanters that I wont be a buyer in ARCM or any AIM stock for the foreseeable future.
By the way, genuine respect for your honest reply to my earlier question.
ATVB
TNR
XXX
No worries TNR. I asked if you were a seller at 1.9p, not a buyer...
Well it looks like the placing might have been cleared, right on cue! Now the slog back up begins, as we throw off the traders who bought in on the cheap.
I'd like to think we could see an RNS this week with the IP results... let's see.