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Sinking (mcap £1.58M!) and still no word from Teeling. Awful.....
That made me chuckle, as if Teeling has any interest in his shareholders! The old man should have been put out to pasture years ago to give the company a chance of making some progress in monitising our assets. My biggest fear is that G11 just play the long game with the exploration of Stonepark and we run out of money. We don't have anything else close to making money...
Mr Teeling, is there really nothing to report to the shareholders???
yes i agree get drill results then decide makes sense both parties.
i note g11 have just increased the $1m placing to $1.5
I think drilling makes it even more unlikely that a transaction will take place before those results - why would Arkle want to sell before they potentially have resource-enhancing results to increase the value, and why would anyone want to buy before obtaining greater clarity on the quality of the asset they are buying? Once that final Stonepark drilling is done and results known, I imagine Glencore will then be quickly to this particular party (assuming that they intend to join this party at all.)
Hi. I said a very long shot coz $1m buys naught these days. mr. T hinted looking to sell so that just got me thinking.
As regards Carrickittle West g11 are still looking to drill it this year. It’s still an absolutely key target for them n ARK
Auc, why would they buy part of Arkle's share?? If this is worth at least the 11m Glencore offered for it years ago, then it would not even get Arkle's share below 20% G11 are explorers with a massive project in Ballywire to explore, I would be willing to be you £100 donation to a UK charity of your choice that G11 will not be buying out Arkle's Stonepark share with this money raised. Glencore, on the other hand, is a serious contender one day. It's just a question of whether you and I live long enough to see that day. Teeling is no spring chicken, however, so I am hopeful that he is also looking to cash out in the next few years.
i did speculate g11 might use a strong sp to do a little raise well today they have announced it. only $1m. The well respected small cap mining invester Michael Gentile choosing to keep his % 20 %
The Company intends to use the proceeds from the Private Placement primarily for follow-up drilling on
the Company’s Ballywire zinc-lead-silver discovery at the PG West project (100%-interest) in Ireland, as
well as for general and administrative purposes.
*******There may be circumstances, however, where, for sound
business reasons, a reallocation of funds may be necessary.*********
Its a long shot but g11 might buy some of ARKs 23.44%. It fits with a TR1 taking a sudden interst in ark.
Indeed indeed! If he’s who I think he might be he certainly knows a thing or two about the metals/mining sector and I doubt he’d put that sort of money up on a whim!
Indeed Gino and an opportunity to fill your boots at a lower price than he paid.
If it tests November lows @ 0.4p
Full disclosure I did sell out but if it dips I'll buy in again for sure......if anyone researched the last TR1 it's an interesting person to have on board
well just across the valley from ARK is a chinese company been mining lithium for years. its thought the rocks are the same. Was in an ARK RNS or Mr. T interview maybe 6 months ago.
Mr. T was certainly bullish about it and the economics now make it viable he said...
I'm afraid they don't have much if any lithium! The lithium came mostly from the lithium fusion analysis that they used to analyse the rock samples..the technique should not be used for lithium analysis but plenty of cowboys on AIM and those details clearly don't matter so much with this company.
Perhaps Johnno could add “It’ll never be cheaper, and £20m isn’t much more than you spent buying back yet more of your own shares yet again today (£15m ish)!”.
Calling Glencore!! Come in Glencore!!!
We have just under 25% of something you want…just give us a measly £20m for it and it’s all yours!!! Cheap as chips…bargain…pocket change for you…it’s just gonna go up with each Group11 drill…get it while it’s hot!!!
Mr Teeling…feel free to copy and paste the above to send to Glencore as you see fit…
January 2023 RNS...
Https://uk.advfn.com/stock-market/london/arkle-resources-ARK/share-news/Arkle-Resources-PLC-Lithium-pegmatites-discovered/89962854
If they want to buy it cheap, then I would guess now is the time before a junior exploration comeback in the markets. Although presumably neither ark nor g11 will want to entertain offers before the results of the next Stonepark drill around the fault system. I will be buying more here once the drilling is announced as that seems like a reasonable chance for a leg upwards. Teeling is a typically poor a communicator, but at least he isn't creaming off a huge salary and fees the way the directors are in a couple of my other aim investments so I am very thankful for that.
BM - can't disagree with any of that. Remember, though, that Glencore previously tried to buy the stake out, for £11m (maybe it was $s) IIRC, but it was when ARK's share price was a multiple of today's. And Johnno T does have a track record as a mercurial dealmaker with quite a bit of personal interest here, so I doubt he'll give it away too cheaply. The option for Glen to simply dilute ARK into oblivion is of course always there, but as is well known they are awash with cash and would presumably prefer to own the whole lot in the longer run, not least as they own PallasGreen next door. It's going to be interesting to see how this plays out.
I would assume that Glencore will ultimately want to own all of the g11 and Arkle targets. G11 will want to maximize their drilling in order to prove up the most resource and get the highest price when they sell to Glencore. There will not be any great hurry to buy Arkle out of Stonepark, although I am sure they would be happy to buy it at a decent price at any time. But what price? I suspect it will be a lot lower than many think. Perhaps an FSP is the way to go: Glencore's worse case scenario would be that another big fi or PE money would buy Arkle's Stonepark interest, because a lot of money behind Arkle would mean an inability to threaten them with massive dilution since PE and another big miner would be able to fund their share. Why someone else would want to get involved just depends on how cheap they could get Stonepark and how much they think they can blackmail Glencore for. My most likely scenario is that Glencore keeps offering slightly larger amounts for Stonepark, but I doubt it will be anything more than 10-20m for Arkle's share. And it might be less especially if Teeling has decided to focus energy andoney elsewhere, in that case an offer for their share of Stonepark which was just equal to Arkle's market cap in cash, say 2m even, might prove hard to turn down. Anyone wanting to see big returns from Stonepark would do better to invest in g11 which has a lot larger area of interest, Glencore is the largest shareholder already, and it is a vastly better run company.
Re G11/dilution, maybe so, especially based on what we think ARK's share may be worth.
Glencore's view may, I suspect, be rather different, especially given that they already own 23% of G11 in any case.
I doubt G11 would dilute to buy Stonepark, they are more interested in their massive find at Ballywire from the looks of things. The one major positive for Arkle is that they have metal rights on Stonepark, and that will be a major headache for Glencore/G11 so they probably get bought out in the long run. Of course in the long run we will all be dead.
This interview was posted/retweeted on the G11 tw itter feed a few days ago. It gives an interesting insight into the view of another major shareholder, Michael Gentile, a 17% holder of G11 alongside Glencore. His enthusiasm for Stonepark is very clear:
https://twitter.com/PeterGrandich/status/1645795978153447424
News on lithium could indeed see a run-up.
And news on Stomepark could be transformational!
Looks like the TR1 holder is still buying at the 0.6 level.
Cant be much stock remaining under 0.6 and then a squeeze higher.
Is he going for 7/8/9 or 10% of the company?
Any news on Lithium in Zimbabwe and Arkle could have a serious run up. GL.
Interesting so clon is another of mr Ts companies
It fits