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Interesting that there are still no big buyers showing their hand. It will fly if a big order comes in !
Pardon my ignorance, but do we own the 3M shares in TIO or TMNA ?
Trying not to be negative and hoping for the best here as I am quite long in ARCM but I’m just vaguely wondering if one of the CPs might be a satisfactory outcome for Anglo, of the Kabwe lead poisoning class action application that was heard in SA in January. AFAIK the Court’s decision is still awaited. If a class action is allowed to go ahead, might that affect Anglo’s future involvement in Zambia? Or are the CP’s solely related to Zambian mining licences ? A bit of clarification wouldn’t go amiss.
It’s up on the website under “Investors” / “Circulars, meetings and voting”
I’ve been thinking the same all along. Quite a bit of infrastructure in Chingola especially that could be brought back into operation more cheaply than building new. And it solves the Vedanta problem… Getting back in there now would allow AAL time to get things working before any ore starts moving - but if they go that route it implies that they must have a huge degree of confidence in what they are going to find under the surface!
I phoned these people today to ask a) “where is my money?” and b) “how are you going to treat this, as a dividend or a capital return?”
Turns out the payments were stalled and marked “decision pending” (Barclays speak, I imagine, for “let’s wait and see what other brokers do”)
Bottom line is they have now confirmed it will be treated as a return of capital and payments will be posted in the next 24 hours. At least that’s what they are saying …
I don’t pretend to understand all this, but Arc’s Botswana exploration site is (I believe) situated somewhere between the Banana Zone and Zone 5, and Cobre seems to have found extensive low grade Cu/Ag deposits not too far away … I hope one of our geologists can explain or interpret it better than me:
https://newswire.iguana2.com/2fee0049d633f441/cbe.asx/2A1449545/
Across Southern Africa the period from mid Dec to mid Jan is when schools and colleges take their long breaks and many people take all their annual leave in one go, to visit their families, often in rural areas. A lot of Government departments and parastatals just close for a week or so over the festive period. But progress on licensing applications should still be possible over the next three weeks, with final decisions and awards end Jan or Feb.
I see the latest tweet (Posted Sunday 22:58 from Fulmar) seems to be coming from @Ruffles8 compared to the @Ruffles80 that we all (well, most of us) know and love. Will the real Ruffles put his hand up ?
Tingo shares up 20% so far today, to $1.08.
Need to get to $1.67 to restore parity with the $5M loan note.
It’s a fortnight since Ruffles tweeted that the Casa money would be in “in a fortnight”, so maybe we will hear something this week ?
Thanks T72 !
Excuse my ignorance, but is there pre-market trading on AIM?
I just looked at the ARCM share price on the CNBC app, and it is showing as down 0.30, or 6%.