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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
The desirability of Stonepark. And why Glencore bought in. Very good summation
Https://www.proactiveinvestors.co.uk/companies/news/906845/glencores-arrival-on-the-group-eleven-share-register-is-likely-to-be-a-game-changer-in-more-ways-than-one-906845.html
Key to remember ARK have opted to keep their 23.44% of Stonepark Zinc rather than dilute on the additional 1 priority drill hole. Cost of additional drill hole to ARK is 23.44% of 120K Euro = £25K
Teeling is right that with all these promises of renewables etc then there has to be a tipping point re supply and demand and investment must follow.
The Irish Government will I believe change their stance on explorers/miners in view of the current circumstances.
Let's hope the drill results becomefar too compelling for Glencore to resist.
GL.
I would imagine it is difficult for small cap miners to raise funds atm given market turbulence. I am going to sit tight and with some further decent Stonepark drilling results Glencore/G11 just buy our share with a bit of petty cash (Glencore returned $4BILLION to shareholders earlier this year so £10M+ would be peanuts!)
auc, correct,and there aren't that many shares in issue anyway,so any significant find will have a huge impact on the s.p. exciting times ! glta
Good Q, previously warrant holders have supported. I don’t think one hole costs a lot and our cost is only 23.44% of total. Would have been nice for clarification tho
will there be further dilution to pay our share of the costs of this new hole?
if it was me i'd wait for the current zinc drilling to complete. Hopefully more good news. Maybe then sell the crown jewel off in part or whole. Use funds for other projects and or dividend.
Yes Auc, very hopeful that more decent drilling results might be transformational for ARK. In the meantime what are our BoD doing atm (Group 11 are running the Stonepark show!)? What is happening with our 3 lithium licences in Southern Zimbabwe? What about the 'examining a specific exploration opportunity in another jurisdiction' referred to in the Annual Report on 29 June? What about our 100% owned gold projects at Inishowen & Mine River?
Teeling/BoD are not very good at communicating with shareholders apart from the regular tweets extracted from the company presentation document!