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Anyone with any idea what’s caused this? We got news due here or group eleven maybe?
Good buying today. Squeeze is on under 0.5p.
Lets see it continue tomorrow and Monday.
The only reason the price is here is because the 6% holder dumped his stock otherwise it was trading nicely 0.55-0.65. The dumped stock is nearly cleared and will move quickly if people start buying this £1m m/c company.
Imagine if Adrian starts buying the company again on market and the price which would have to be paid.
Any real news and it will move very quickly.
Surprise RNS on Stonepark deep drill hole from Group Eleven and good luck buying.
If Group Eleven were to make an offer for Arkle's Stonepark % by buying Arkle or even a company like Glencore (who own 20+% of Group Eleven) or Adventous Mining/South 32 or Demir Export like with CGNR.
Stonepark alone is worth multiples of Arkles market cap and if you wish to research John Teeling just look how successful Teeling Whiskey is. You should know the value of Arkle Resources because John Teeling certainly does and the big mining companies in the area.
The share price will rise when people squeeze the limited stock available.
0.35-0.4 looks a good level to buy imo.
In my personal opinion any news of him RIP will be the best outcome for ARK share holders, he probably can do better job from his grave or none others can do any worse (imo)
Does anyone have an idea if Mr. Teeling still alive???
Anyone who knows Teelings mining history will know this company is going nowhere with him at the helm.
Hi all.
I’m still holding all mine
Last time I looked the Zinc is still ther
Why Ireland? (Oh, can now buy sub 0.3p again......)
Promising country for zinc and gold mining, accounting for 25% of Europe's production.
With a stable tax regime, skilled workforce, and infrastructure, Ireland is attractive for exploration and investment.
Here we go 20 quids worth gets us up 7%!!!!!!
GL.
Won't take much to get this over .5 + !
GL.
Buyers around today as the market was selling the stock they bought at higher levels imo.
Possible squeeze on to 0.5-0.6 level without news.
Still very very cheap here!
GL.
Clive, I would love to agree with you. But why do you think it is about to get massive? Glencore are in no hurry to buy Stonepark, although I'm sure that for the right low price they might. G11 will never sell to anyone else for fear of upsetting their largest shareholder. I hope that the next drill this year proves up a huge resource, but we will still be left with the problem of how to monetize this thing. We need another cash producing asset so that we can play this waiting game for the coming decade or two
Couple of traders not so patient!
GL.
I agree when you look at some of the crap prospects on aim costing far more and here we have a proven resource about to get massive!
Patience and a deep breath.
GL.
I'm surprised that there is absolutely no interest in buying shares even at this lowly level (Mcap £1.05M) when there is a chance of a multibag if G11/Glencore buy our (minority) share of the Project...
RNS extract: 'The licence block contains six licences covering 184sq km. In 2022 seven holes were drilled, including four early stage exploration holes which identified new mineralised trends. Three additional holes were targeted on previously identified areas, Carrickittle West, Carrickittle North and Stonepark West. A new major fault structure was identified at Carrickittle West. This is now a high priority zinc target at depth. Arkle has indicated to Group Eleven that it will contribute its share to the drilling on this block.
Stonepark remains a central asset in the Arkle portfolio. It lies adjacent to the massive Pallas Green zinc discovery estimated to contain over 40 million tons and also adjacent to the ongoing discoveries at Carrickittle made by our partner Group Eleven. Zinc is a critical metal in economic development. We believe the deposits in Limerick will be developed in the future.'
The ARK twitter still pumping out 'rubbish'. You only have to read the RNS about Mine River lithium and the evident lack of progress in Zimbabwe (3 licences granted this time last year and....nothing!). Come on Teeling, earn your salary or move over and let someone else take the reins and get this company moving forward....
'Final Results for 2022: Lithium
- Though our focus has been on zinc and gold, we are alive to other opportunities on our licence holdings'
Cliveas, any sort of 'positive' news from Stonepark (or any other asset!) would have a dramatic effect on the SP from this level imo. If only we had all bought in at sub 0.3p!!
Just letting us know he was engaging with G11 and or Glencore would get interest back in this share.
Or even putting out the feelers for a sale or JV rather than nothing!
Can't believe there is no one gonna be interested down here but patience is yet again required.
GL.
Ought to come out of hiding and apologise to shareholders for crashing the share price (mcap now just over £1m!) and explain what plans he has to get the company back on track. That is if he gives a toss!
Andrew Batchelor? Looks like he has lost a lot of money on this investment/trade!
Mcap now 1.01m!!!!!!!!!!
where are Mrex getting their stock from?
Please bounce when seller done.
GL.
Mcap £1.03M!! And Teeling says nothing! I imagine G11 will just sit and wait until we run out of money....
Is there a big background seller out there?
More buys than sells WTF!
GL.
The gold grades looked good, although the lithium results were a joke. But Ireland is not to my mind the best jurisdiction today for permitting and mining. I would prefer Botswana or zambia for Africa, but beggers can't be choosers.
DH, lithium is a good space to be in atm and a number of shares have seen decent increases in their SP this over the past year or so. Teeling told us we had acquired 3 lithium licences in Zimbabwe back on 22 June 2022. What has happened since? As you say, forget Ireland for gold and lithium, waste of time & money. Teeling needs to make something, anything, happen to shake of this malaise...