Member Info for ac123

As DT points out, the Remy comments to G Turner are exactly the same as those to RasoolB (6 Jan). Word for word.

This was a sleight of hand Schirnding was fond of.

So I suppose when Remy talks of 'increas(ing) the level of communication', he means - err - sending out the same old news multiple times.

Hi SAT2

Thanks for the explanation.

If you have a sec, would certainly appreciate your take on what's expected 22 December. Is there any likelihood that that will close proceedings? Or are things likely to drag on into 2026?

Thanks again, AC

Surely - the only way forward for ARC is to sell the company in its entirety - and clear out the board.

We wouldn't get much for it. Most long term shareholders would lose.

But at least we could move on and put this dog of a share behind us.

Hi Rasoolb

You may think you've had a carefully worded, individual response from von Schirnding - you have NOT.

At the end of October I wrote to him and received - almost word for word - the EXACT same response.

"we simply couldn’t go on like this" / "the worm is beginning to turn" / "legal nonsense by Mumena" /

"Orosur" / "a year later it’s 10x".

LITERALLY word for word the same.

Clearly he has a standard pro-forma letter which he churns out to any shareholder dumb enough to question his management - and I include myself in that group.

What a fraud and a charlatan.

PS See my write-up on 31 Oct 2025 14:36

Had a surprisingly upbeat email from NvS the other day.

I won't quote directly (will leave that to RNS), but the gist of the main points :

- The dissatisfaction with JV was from both sides - not only with court shenanigans but also the slow pace of drilling.

- Post breakup, other parties are making tentative enquiries.

- While slow, progress IS being made with court case issues.

Take as you will - obviously we 've been disappointed many times before.

But whereas last week I thought the game was finally up for ARC, this week I'm not so sure.

Hi Consolium, a bit late to this, but, yes, I'm in, with 4.78 M shares.

I asked ChatGPT about this a while back. Well worth interrogating yourself. Some of the main points :

1. Yes, we CAN call an EGM with 5% of the voting rights

- Submit a formal written request to the company’s registered office.

- Specify the resolutions you want put to the meeting (e.g., remove director(s), appoint new director(s), change company direction).

- The board must call the meeting within 21 days of the request and hold it within 28 days of the notice being sent.

2. We need 50% of the votes cast to force through resolutions at such a meeting.

In terms of reaching shareholders, we may need to figure out how it works with nominee accounts (e.g.Hargreaves-Lansdown, AJ Bell, etc).

If we go ahead, we need to work out such things as :

- If we replace directors, whom do we install instead.

- If we call for a change of direction, what new direction do we want.

I personally would be in favour of an outright sale (once legal obstacles dealt with), but would defer to majority view.

Best wishes, AC

Mission accomplished, it seems ...

... but why a full year before rollout?

[ ' ... we target mid-2026 for delivery of our first ...']

Another year in limbo?

'Son-of-a-Gun' from 17 May 2025 12:09 "Speedy/Nifty are in this ..., but how many of their units are actually ... rented out?"

Very few, I suspect. As I understand it, AFC - with Speedy's agreement - have put a hold on marketing for this year. Instead, they are aggressively trying to get unit costs down to a level below that of diesel generators.

This from the Annual Report of 19 March :

"Accelerated plans to further significantly reduce the cost of S Series Generators by up to two thirds of current costs, resulting in decision, in agreement with Speedy, to pause plans for mass roll out ..."

Which means this year unlikely to yield much in terms of sales growth. All appears contingent on cost.

That's 'son-of-a-gun' from 17 May 2025 12:09

sono***un "speedy/nifty are in this ..., but how many of their units are actually being... rented out?"

very few, i suspect. as i understand it, afc - with speedy's agreement - have put a hold on marketing

for this year. instead, they are aggressively trying to get unit costs down to a level below that of diesel generators.

this from the annual report of 19 march :

"accelerated plans to further significantly reduce the cost of s series generators by up to two thirds of current costs, resulting in decision, in agreement with speedy, to pause plans for mass roll out ..."

which means this year unlikely to yield much in terms of sales growth. all appears contingent on cost.

another year in limbo?

For what it's worth, a suggestion ...

ARCM is stripped down to its core function - as a minor, sleeping partner in the JV. So ...

1. Peripheral assets are sold - Chingola, Botswana.

2. Costs pared back to a minimum - office costs, admin costs, etc.

3. All 'heavy lifting' to be carried out by the major partner, Anglo. This includes all further exploration and development.

4. With reduced responsibilities for directors, salaries reduced to a minimum.

5. With reduced responsibilities, directors are free to set up separate ventures/new companies.

[ These new companies may be the purchasers of peripheral assets - Chingola, Botswana - BUT AT FAIR VALUE. ]

This would mean NO MORE fundraises / dilutions.

ARCM to continue in this manner until EITHER :

a) Tier 1 asset (or close) found, OR

b) Anglo conclude the assets are worthless.

In case a), the value of the assets is realised and distributed in a tax efficient way to shareholders. This MOST LIKELY would entail sale of the JV interest to Anglo or a third party. The company is then wound up.

In case b), the company is wound up with zero value. We, the shareholders, lose everything.

Any thoughts?

For anyone interested, Schirnding's reign of value destruction

S/P max and min values

2016 Max: 5.00 (26-Oct-16) Min: 2.00 (30-Dec-16)

2017 Max: 5.12 (11-Jul-17) Min: 2.00 (01-Nov-17)

2018 Max: 5.77 (23-Jul-18) Min: 2.02 (15-Feb-18)

2019 Max: 5.10 (24-Jul-19) Min: 2.06 (30-May-19)

2020 Max: 4.60 (14-Sep-20) Min: 1.27 (03-Apr-20)

2021 Max: 8.90 (16-Mar-21) Min: 2.16 (20-Dec-21)

2022 Max: 6.10 (12-May-22) Min: 2.18 (07-Jan-22)

2023 Max: 4.90 (20-Apr-23) Min: 2.28 (05-Oct-23)

2024 Max: 3.20 (02-Jan-24) Min: 1.03 (19-Nov-24)

2025 Max: 1.85 (11-Feb-25) Min: 1.20 (14-Jan-25)

"Mining shares ... are annual plays at best but more likely 5 years"

Trouble is, for those of us here since 2017 or before, the 5 year point was 2021/2 when the s/p hit 7-8.

Why didn't we sell? Why indeed? Guess we were - stupidly - waiting for that buyout.

Instead we got Schirndig and his perpetually disappointing deal.

Whither ARCM?

From peggycilla a few days back ..."the best hope is some sort of buyout at 4p ..."

Absolutely. But after years of mismanagement even just 4p might be optimistic.

Tragedy is this could have been double digits if ARC had gone a few years ago, before the disastrous deal, when the s/p was nudging 7p ....

Returning to this BB after an absence ...

S/P for this miserable share still languishing at c 1.50, with little sign of movement.

All talk of technical analysis, copper prices, etc. seems pretty pointless.

This s/p will rise for one of 3 reason (and only these) :

1. A Tier 1 (or near) discovery by Anglo, independently verified, with a direct timeline to production and cash-flow. But this may not happen for years yet.

2. A takeover. Please, someone? Pretty please? Anyone?

3. Less likely - meme stock fever. Weirder things have happened. The share is picked up on social media, shoots up, then down again. You'd need to be quick to profit.

3. is very unlikely, 2. is pretty much so. That leaves an option which may (though it may not) materialise, but not until the late 2020s - even 2030.

It looks like lth's are stuck with 1.5p for years to come.

Well done Schirnding.

On 22 Aug 2024 I posted the following:

'On X recently ...

"Could quite easily be at £200/£300m MCAP this year #ARCM"

This equates to a s/p of between 14p and 21p.

The prediction is of course testable. I'll return to this ... December to see what price we've actually got."

...'

****

Well, it's late December now, and price is ... errr ...

Hi PeggyCilla. Your share price predictions have been pretty good so far (tho' the s/p hasn't dropped to 1p yet - thank god).

When you say 'AA will take the lot for next to nothing', can you quantify 'next to nothing'?

3p? Less? 2p?

Surely there must be some premium for a buyout? Even for ARCM?

"Don't let the naysayers ... steer you towards ... a cheap offer " (Jeremiah99).

Sorry mate it's gone way, way beyond that.

I've been in 8 years. Any chance to get out at 3-4p I'd take in an instant.

Just to be rid of this miserable share.

Wikipedia lists AFC energy as having 120+ employees.

I always wonder these days, just what do these people do? Man the production line? Build new products? Close new sales deals? Transport new fuel cells to willing customers?

Or paint their nails? Decide which pub they're going to? Or whose turn it is to do the coffee run at Starbucks?

Anyone? Just what the hell do they do all day?