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Started: perroverde, 4 Jun 2024 09:58
Last post: DonkeyOatey, 16 Jun 2024 18:11
DVH, I think you're being a bit hard on JT - they're keeping the company together on a wing and a prayer, taking almost nothing out, and just looking to deliver value from their quarter share of Stonepark. Once things come together at G11 and Glencore buy out the rest of the G11, their offer for Arkle will follow shortly thereafter, but it could still be years away (and with Glencore's strategic stake in G11, it's unlikely anyone else is going to make a play for G11, and therefore we are pretty much beholden to them.) But, of course, Arkle has the metal rights over their minority share in Stonepark, which is rather unusual, and means that they will eventually want to buy out our share. The only thing which I can see might peak Glencore's interest is if some other company recognizes how undervalued Arkle is and comes along with an offer, with a lot of cash and knowing that they may have to sit on their investment for some years before they can blackmail Glencore into buying it for a big premium. But I don't think that's very likely. Just a matter of having to wait. And wait some more!
And, of course, the complete absence of leadership/achievement from Teeling!
I suppose peeps are wary of the (potential) difficulties and timescales involved in monitising the assets?
First Equity research note out this morning.
Not much new but highlights the extraordinary value discrepancy between the mcap of £1.4m (scarcely a bare listing value) and the asset base.
Saying a more realistic value based on peers should be £5m-£10m and a 1.35p target.
Started: dvharrison, 31 May 2024 07:36
Last post: petroinvestor, 31 May 2024 15:13
Utter useless clown.
Wow, great news, just what we're waiting for...
Last post: perroverde, 11 May 2024 08:40
We should hope so Troajan - it represents a market cap of under £1.5m. Which values the whole of Stonepark at circa £6.5m (and that’s valuing all ARK’s other stuff ie llithium etc at nil). Hardly any overhead and no debt. Has to be crackers?
0.27 seems to be the bottom on low vols
DVH - agreed. 23% share of Stonepark seemingly safeguarded for now at least, with the cost share covered for the extensive drill this Summer with who-knows-what excitement that might bring, plus the lithium.
Mcap still only £1.5m-ish with no debt and tiny overhead.
Thanks perroverde, that information is very helpful (lithium exploration too!)
.25 is hardly a discount to .27.5 mid. Stonepark participation costs peanuts to maintain %
Great to see 2x directors taking part. Warrants at premium as they should be at.35
Happy to accumulate
Last post: peononon, 19 Apr 2024 14:03
Yahoo reports 52 million shares traded on 17th of April; total shares outstanding 462 million (approx). therefore more than 10 percent sold therefore the price is low enough for somebody to dilute us. And get shares cheap.
Or was the 52 million a spoof.
Last post: DonkeyOatey, 20 Mar 2024 19:03
Auc1, one has to wonder just how much activity is planned for the remaining 11 calendar days of Q1 in order to not make a liar out of Teeling!
Agree re crazy low SP.
just a matter of time b4 the bargain hunters move in, easy money
0.27?...gotta be the bottom that,surely to heck....
piddly volumes tho.
MCAP now circa £1.2m (with plenty of very interesting assets and no debt). Madness!
Added to that our leader Mr. T says “ the 1st quarter of 24 will be quite active.”
Started: Interest1, 20 Dec 2023 13:01
Last post: Interest1, 20 Dec 2023 13:01
They are working hard behind the scenes!! Arkle recourses now has a nice portfolio for the future!
Started: perroverde, 15 Dec 2023 07:03
Last post: perroverde, 15 Dec 2023 07:03
Brine lithium in Botswana… now that is interesting and for all sorts of reasons !
Started: DonkeyOatey, 30 Nov 2023 18:51
Last post: bunsenburner123, 1 Dec 2023 07:28
Two bod members took c£140k between them. Ask yourself why would they do that
It’s not VAST where it’s placing after placing and no management level take up
IMO something really big is coming & management knows it
Yeh I’m very confident something decents coming
I think it went like this:
Something big happened/ a deal or something, management thought ok let’s go a placing, we’ll take 70% cause we’re guna 5-10x our money
Why would they take well over £100,000
THIS IS A MULTI BAGGER IMO
I think the fact that JT and colleagues took such a large chunk of a decent sized raise indicates that they have some plans to deliver decent shareholder value; it contrasts with firms like Thor Mining where Black-and-Decker Mick used to buy 5k's worth in a 100k placing (most of the proceeds of which were used to pay his salary!)
Started: GGPThruandtru, 25 Oct 2023 09:35
Last post: GGPThruandtru, 25 Oct 2023 09:35
Haha, good to see Teeling has managed to get his Lithium play finally…👍
Last post: LiquidSilver, 4 Oct 2023 14:00
Https://youtu.be/YzfBC0OnQFw
Stonepark Zinc project.
Https://arkleresources.com/our-projects/zinc/
https://www.groupelevenresources.com/projects/stonepark/
the Stonepark deposit which hosts 5.1 million tonnes grading 11.3% Zn+Pb (Inferred Category; see report on Stonepark by SLR Consulting dated April 17, 2018). The deposit remains open to expansion and is 1-3 kilometres away from Glencore’s Pallas Green zinc deposit. Future exploration will also focus on four prospects located 5-10 kilometres to the southwest of the Stonepark deposit, where historic zinc intercepts have yet to be followed up.
https://www.groupelevenresources.com/investors/stock-information/
Stonepark (next door to Glencore's Pallas Green) deep drill hole and a Lithium asset
That last RNS…..strange content/timing…..was it done for facilitating to drop the SP back into the 0.3s so that whomever was loading up a few weeks ago could have another run at it on the cheap… good amount of buying today. What do they know is coming here I wonder 🤔
Not as depressed as shareholders lol
Started: GGPThruandtru, 22 Sep 2023 12:25
Last post: GGPThruandtru, 22 Sep 2023 13:06
The Sigma deal? Don’t see any correlation to us…unless it’s just down to Glencore spending money for new deals?
GLENCORE....
Anyone with any idea what’s caused this? We got news due here or group eleven maybe?
Started: dvharrison, 21 Jul 2023 10:58
Last post: LiquidSilver, 21 Sep 2023 21:52
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.
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.
Started: Interest1, 8 Sep 2023 08:35
Last post: ameen, 13 Sep 2023 11:22
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???
Started: dvharrison, 29 Jun 2023 11:17
Last post: Cliveas, 11 Jul 2023 13:06
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
Started: dvharrison, 28 Jun 2023 10:37
Last post: dvharrison, 28 Jun 2023 10:37
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'
Started: dvharrison, 28 Jun 2023 08:21
Last post: dvharrison, 28 Jun 2023 08:31
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!
Started: dvharrison, 27 Jun 2023 07:57
Last post: dvharrison, 27 Jun 2023 15:04
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.
Started: DonkeyOatey, 22 Jun 2023 13:26
Last post: Cliveas, 27 Jun 2023 10:55
Just needs somebody with not so deep pockets to mount a takeover and push on with getting value out of stonepark.
I believe they've even got smelting royalties that can be sold seperately.
A steal at this price! Are there no takers?
Lets see!
GL.
The only hope here for shareholders is the sale of our (minoroty) share of Stonepark imo. A dynamic, savvy BoD would give us some confidence that they were on the case. The longer G11 continue to drill (is it a priorty for them atm?) the greater will be our need to another fund raise to meet our share of the costs, meet ongoing salaries & overheads and progress our other projects. Lets here what Teeling has to say about last years results AND plans for the rest of this year. Or will he just continue to hide away and maintain radio silence.....
The stonepark asset is multiples of the share price (many multiples).
The board know the value of that asset and hence do not wish to hurt the company.
Just look at their partner GroupEleven and the register with Glencore on the board and over 20% of the company.
GroupEleven keep making discoveries and Glencore's Pallas Green is right next door.
One deep hole into Stonepark and it's bingo. Cost isn't a lot and at GroupEleven's expense.
Maybe Andrew Batchelor has played the market makers and is buying back lower today, time will tell if this is the opportunity under 0.4p.
Pity there is no consequence for putting out false results like the lithium ones posted a few months ago. The analysis method was lithium fusion analyses which is not suitable for lithium assays. The very low grades reported could have been entirely been from the analysis method. Their CP and Nomad should know better and the rest of the projects are a load or rubbish too. The board should be removed - this Company would be better as an AIM shell with experienced resource professionals or other business people to take on a real asset. Companies like this is why exploration and mining companies get a bad rep.
Reassuring to know who the big seller was, but interesting that this RNS indicates that the company hasn't actually been notified by AB regarding his holdings. It's a pity that there are no consequences or penalties on LSE for failing to notify when required.
Started: Interest1, 19 Jun 2023 16:17
Last post: DonkeyOatey, 19 Jun 2023 18:01
I would like to see them do a deal with someone for great prospective assets in the battery space or even uranium (there's very little uranium exposure available in London - seems like POW is the only exploration prospect, or Yellowcake if you want a warehousing operation.) Or a small, commercial deposit to take into production to produce cash.
I would especially support reversing a top quality asset into Arkle, a big raise for c.10-20m (with a plan to invest it all into either building a mine for a proven resource, or exploration drilling) and we get going. I see Stonepark going nowhere fast given G11's/Glencore's focus on G11's 100% owned assets rather than Stonepark.
John Teeling needs to do something dramatic here to put a rocket under this, because gold and lithium in Ireland are not going to set the world on fire for Arkle.
Better to own a much smaller slice of a mouthwatering pie than a bigger slice of a decaying, stagnating pie casing!
I suspect the 'big trades' were bed and isas, similar types of crossed trades occurred at BOD today too.
I agree that this will need G11/Glencore/Stonepark action to get things moving but all seems to be quiet for the moment.
At least I can't imagine they need to raise much if any cash in the foreseeable future, hopefully not at these levels anyway - £1m mcap! there are shellcos valued at more than this.
I do not understand where the available shares have come from for this to have been falling whilst large amounts are bought? It seems to me that perhaps one of the bigger holders must be offloading, bit failing to inform the market. My money is on the mysterious tr1 Mr Bachelor having jumped in for a trade, got bored and unloading. I can't see PJ selling here at these prices given what he paid for his holding, and his understanding of the strategic value of Arkle's share of Stonepark. Couldn't resist a small purchase myself, although I am in the dark about what progress can be made with minority holdings of Irish assets. I doubt Glencore will open the chequebook until they know what G11 have on their licences. There's not much reason for them to do that at this stage. It's starting to seem more like a cash shell than a mining company, but with a 1m market valuation, I don't see much downside here.
Some big trades today.....
Started: dvharrison, 9 Jun 2023 08:45
Last post: dvharrison, 15 Jun 2023 11:20
Still no sign of life here. At least they are not posting mindless chunks from the (outdated) company presentation about how attractive gold is, especially when we don't have any! lol
Can't imagine, looking at the last set of accounts and our financial commitment to Stonepark drilling, that we are currently awash with cash atm. Maybe that is why nobody responds from the company....they are all on unpaid secondment!
Can someone give Teeling a nudge and tell him the share price is drifting down to zero with his inactivity and evident lack of progress on ANY project. What a (sick) joke this chap is.....
No sign of life here.....
Started: dvharrison, 8 Jun 2023 14:42
Last post: dvharrison, 8 Jun 2023 14:42
(indicating lack of any progress?) is killing the share price. Mcap now just £1.48M! Teeling just has no interest or respect for shareholders imo. He could do a podcast and let us know what is happening on our various projects? Gold at Mine River & Inishowen, lithium at Mine River, zinc at Stonepark, lithium in Zimbabwe? There must be something to say surely. He could start with reassurance that we haven't/aren't about to run out of money! Imagine another Placing at, say, 0.25p!
Started: dvharrison, 7 Jun 2023 11:43
Last post: dvharrison, 7 Jun 2023 11:43
We're obviously still planning to produce gold (just asked Teeling to confirm latest plans)
https://twitter.com/ArkleResources?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Started: dvharrison, 6 Jun 2023 10:02
Last post: dvharrison, 6 Jun 2023 10:02
'Gold Price
Swiss Investment Bank UBS have set out their case on why the gold price will rise
They expect gold to reach $2,100 per ounce by the end of the year and $2,200 by March 2024'
This is all interesting but what has this got to do with ARK? Are we planning to produce gold at Inishowen and/or Mine River? Really? Don't think so! (at least someone is in the Office!)
Started: dvharrison, 5 Jun 2023 08:32
Last post: dvharrison, 5 Jun 2023 08:32
I've asked for an update....no response!
31 Jan 2023 RNS: 'Permits have been applied for to drill the prospective Carrickittle West deep hole. Once granted, Group Eleven will commence drilling when the ongoing drill programme is completed on their own ground.'
Started: dvharrison, 5 Jun 2023 08:09
Last post: dvharrison, 5 Jun 2023 08:09
This is just becoming a joke! No one responds to emails at the Company and Teeling just seems to ignore shareholders. Does he even remember that we have these licences? 'Substantial body of knowledge relating to lithium'? Don't make me laugh!!
29 Sept 2022 RNS: 'On our board and in the wider shareholder group there is a substantial body of knowledge relating to lithium. We made a tentative entrance into this area with the acquisition of three small areas in Zimbabwe, one of the largest lithium producers in the world. We continue to evaluate other opportunities.'
23 June 2022 RNS: 'Grant of Three Licences in Zimbabwe with Potential for Lithium'