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Nice to see a few 'bargain hunters' seeing value of shares at this SP. Let's hope that we are all rewarded with an imminent sale of our share of Stonepark....
by the company (Teeling!) is awful imo. For example what is happening with our 3 Zimbabwe lithium licenses (RNS 23 June) or 'a specific exploration opportunity in another jurisdiction' (RNS 30 June)?
Thank goodness we have Group 11 overseeing the Stonepark drilling!
What is Teeling doing atm to earn his remuneration? Mcap £1.3M ffs....
Mightily frustrating SP. I think the drift is largely the delay on the gold projects. I think MrT will look to sell it when the current planned ( largely paid for) drill results r known.
V Painful watching n waiting I agree.
Ah, good point re: warrants. Maybe we can 'survive' until the sale of our share of Stonepark lol
DVH while I don't disagree with you or with Cliveas, there have been a couple of meaty warrant exercises this year so far (£200k+) so given the low overhead burn I doubt there's much need for new cash unless for something specific.
That said, the Group 11 share price has been drifting south too in recent weeks, which makes me wonder if all is ok at Stonepark (or people just getting bored with it all in crappy markets).
But... Mcap under £1.5m is ridiculous!
Now valued at less than a shell company!
Surely somebody wants 23% [ including metal royalties] of a massive zinc project????
Crazy just crazy!
GL.
Just sent (another) email to Teeling expressing my dissatisfaction about the running of this company. Not expecting any response!
Cliveas, the company value is sinking fast. Down another 11% today. Mcap now a measly £1.3M!! Looking at the accounts and the last placing, we must be running on fumes and where is Teeling going to get additional funds with the SP so low to, for example, pay for our share of the planned extra (one hole) drilling at Stonepark (current programme fully funded)? The company was established in 2004 by Teeling & Finn with the the 'focus on creating shareholder value through gold & zinc exploration & resource development in Ireland'
I didn't know they were comedians as well....
As I said the company, 18 YEARS later, is now worth £1.3M. Teeling is a disaster for shareholders!! Just sell the company and lets all move on...
At 11 am please!
Confirming Stonepark is bigger than Glencores Pallas Green and we have had a bid of 20m from G11 to buy out our stake!
One can dream but not out of the question!!!!!!!
GL.
dv - i hear what your saying. I think with the gold on a go slow atm I think his eyes are on the zinc. If we build on the 5.1mt already bagged i think, given Mr. T's age he will look to sell it with a divi back to shareholders himself included.
As we know Stonepark is looking very promising indeed and although it's very frustrating waiting for drill results i'm happy to hold. A sale of the Zinc could prompt a cash rich ARK to move into the other projects
As I suspected the SP continues to drift downwards in the absence of any positive news from the BoD. Mcap now a measly £1.5M!
Good job G11 are overseeing the Stonepark drilling. What is Teeling doing to earn his money atm? What is happening with the licences in Zimbabwe (RNS 23 June) or 'We are also examining a specific exploration opportunity in another jurisdiction' (RNS 30 June) or our 2 (100% owned) gold projects at Inishowen and Mine River?
We need someone dynamic at the helm and old man Teeling needs to be put out to pasture. Just not up to moving the company forward imo......
Just tried dummy sell and its only 100k at 0.45p pre NT. MMs don't want the shares atm so SP could drop further before news imo
3 holes of the current drilling programme remain to be completed. The first commenced mid September and the final 2 will be completed 'by year end' (G11 RNS). Will they report all the results together? If so, then we are talking early 2023. It was also announced (RNS 27 Sept) that they were going to 'drill an extra hole when the current six hole programme is completed' after promising results in this area earlier in the year. Personally not expecting any results until next year hence bottom drawer hold for me. GL....
Thanks, autocorrect, that should have been to time something RIGHT!
Thanks, DVH - I have followed the CON/ARK story for many years, and ultimately I believe Arkle will have to be bought because, unusually, they have the metal rights. I just wondered if there was anyone in both companies, as am I, who had an opinion about the timeline for drilling results here and/or in Power Metal as to which might come first with their results. (50/50 probability of being right, even in worst case scenario that you know nothing about either company and just flip a coin!) Obviously, knockout zinc from Group Eleven would do wonders for Arkle's sp, and IF Power Metal get high grade results over a large area on their nickle drills they will also multibag - just for once in my life it would be nice to actually time something wrong so that I can amplify the investment results of one into the other before that one takes off!
ARK 'investor' recommending a stock not one of NorwayNellie's choices lol
It's all about Stonepark drilling and the results being interesting enough to tempt G11/Glencore to buy out our minority stake imo. Current mcap for the whole company is only £1.6m small change for Glencore having returned $4BILLION to shareholders earlier this year. Fortunately the latest drilling is overseen by Group 11 rather than ARK!!
Teeling/BoD pretty inept imo and the old man is probably looking for one final payout if Stonepark results are as good as the initial drilling suggests they might be...
norwaynell, check out prd. dyor always gl staffy.
Just transferred another sum to my brokerage account for a cheeky top-up, but am wondering: POW or ARK? Anyone have thoughts on which one is likely to release their results first??
probably being stop lossed out.
you wonder why anyone would sell at these levels,glencore waiting in the wings with an 11% stake in the project,already successful on the adjacent pallas green site.seems like a good entry point to me. not long to wait now.glta
program should be well under way by now . first hole completed ,second halfway through,three hole program(for now) news imminent ? glta
Great potential here for a few bags at this level.
Buy, wait for drill results and profit
Not to be involved in. These prices are about warrant price.......absolute steal
for clarity, any 'potential' difficulty gaining a MINING license relates to gold ONLY. That's why BOD looking at low cost entry to zimbabwe / lithium
ZINC, the crown jewel, with potential major economic benefits for a viable discovery should be fine and will attract a LOT of interest
I'm here for the Zinc. I think we all are. Gold will be a bonus