focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I think G11 did a raise not too long ago so probably have at least part of any funding required to do a deal (if it were to happen). In any case Glencore are awash with cash as underlined by their share buy-back programme recently amounting to $millions per day - day after day after day. This would be back pocket money to them, and although some folk say 'but they won't care, they'll just dilute ARK out' I suspect they'd prefer get rid of the pesky minority shareholder cleanly and quickly so they can move on with it.
The ARK interest in lithium could fit well with its sister company CLON... how about ARK sells its Stonepark interest and merges the remainder with CLON in some manner, thus creating a cash-rich lithium-centric entity.
All pure speculation on my part too of course!
It fits with the new TR1 taking 6.2% earlier this month,
But it’s pure speculation on my part.
Hi.
Re Stonepark. We’re awaiting drilling of this as announced June 22
John Teeling commented: "This is the first time that drilling at Stonepark has found the fault system which is a vital part of Irish zinc discoveries. It is very big with traces of zinc. This might well be the best target discovered on the block. It needs to be drilled and will be. I strongly encourage shareholders to look at the detailed results provided by Group Eleven in the link above."
Pure speculation I wonder if G11 will use their strong SP to do a raise n buy our 23.44% of Stonepark. Mr, Teeling said “we’ve had Stonepark for a long time now...” cud interpret that as looking to sell. Also ARK keen to get into lithium, they’ve tweeted about it’s soaring price n demand again today.
Auc - I think an update on the last drill at Stonepark is due? Remember they are 20+ percent Glencore-owned...
G11 have had some very good drill results over the past 12 months or so including Stonepark.
Full offer being paid
If only to inject a bit of life into things here… I note that the Group 11 share price is uo nearly 50% in the last couple of days. And Stonepark news must sureily be soon?
Https://www.groupelevenresources.com/investors/presentations/
New presentations from G11 March 2023
Mr. T said we'd had stonepark for a long time now. i thought he was hinting looking to move it on/sell.
It will happen at some point as ARK are exploration only.
this kinda TR1 fits with positioning before a sale
although i think ARK will wait on G11 drilling the hole highlighted last summer that looks a strong candidate to be a game changer ( their words paraphrased )
6.2% is quite a chunk, bout £120k worth
musta been nibbling quietly as kept a lid on SP
hopefully a good sign
Hands up Mr Andrew Batchelor !?
GL.
Well at least the directors still believe!
Bed and ISA!
GL.
From memory it is either 5 or 10% where a TR1 is required
LiquidSilver, I've been (reliably?) informed that, as the company is based in Ireland, a TR1 is not required when you hit the 3% shareholding threshold....
PS the interview is on G11s Twitter feed.
Sounds like we are in a similar position and of like mind Battery. It’s worth keeping an eye on G11s share price (up 25% this week) not least as it’s bound to be ‘leakier’ than ARK. They have a pretty active social media presence too, I won’t post a link but there’s a pretty interesting interview yesterday highlighting its prospects (especially Stonepark) and how undervalued it is. As for ARK, with a £2m mcap I can think of higher-priced cash shells!
Well, almost 2m have been mine over the last month or so, and I am not yet even over the 2% mark yet, so no tr1 needed from this buyer. I don't know anything more than is in the public domain, and am adding this either goes to zero or 20m market cap. Obviously I think the latter more realistic than the former.
Looking at volumes I’m sure over 5-6% has been bought in recent months around the 0.55-0.65p range and the company is due at least 1 TR1.
Cannot be much stock remaining from the November capital raise and a squeeze to higher levels. Especially on Stonepark, Group Eleven (Glencore) or Lithium news.
GLuck!
Buying continues at 0.6 level
https://twitter.com/m46843959/status/1636347131131772928?s=20
nibbling away at 0.6 again
Surprised we havent seen a TR1 as yet with the amount of stock being bought at 0.6p level. Someone continues to test that level
Hmmm what's going on here!
News due?
GL.
G11 great news late last week confirming Zinc drill results in Ireland.
G11 own that particular prospect 100% but the read across for ARK is G11 are continuing to prove they know where to dig.
Further drilling at Stonepark incoming
Are there licences anywhere near our?
GL.
profits of £28B and they announced £6B for a combination of dividends and share buyback. How about £10M (petty cash!) to buy ARK? They could pension off Teeling as part of the deal....
Latest bumbling Teeling interview hardly fills one with confidence that he can achieve anything material. 14 years to 'build up' a company that today is worth less than £2M (keeps appearing on twitter!). Some achievement! lol
Binary bet here imo, sell our share of Stonepark or wither away until we get someone more dynamic sitting in the Chair currently occupied by Teeling...