Member Info for Akhtar234

Lol f29 sorry

No rns for 3rd may F79 , where did you see that?

Apr I agree, but on those points are you confirming that we don’t do the deal with AA before as we are proving up more of the reserves.

I actually like that deal and was thinking likewise, the plant debt could be lower for financing due to cash. But I’m looking at AA giving us a very good deal and a reason to sign with a major.

We don’t need AA as much as they want their hands on this, we can go alone but would be slower or shore up and look at other interested parties.

Also we have potential new assets that can be explored.

Raising finance in a commodity bulls market is easy also IPO’s have been doing well , a lot of capital on the sides so I assume they should be able to with Institutional investors and retail.

Graham depends on the structure, if they offered that I would hope they pick the tab for exploration and accelerate much quicker then we could then I would be reasonably happy, not much equity and a major. But I’m sure we could negotiate a better deal with others if they are still interested. For me CASA strengthens our position .

Not sure Rothschild were involved with Casa as we had negotiated a deal already and the new party had gone to our acquirer didn’t they?

Me too F79

These were the questions I asked (sent off yesterday) not sure if they would get answered before this RNS but hoping my CASA one pretty much has with this RNS that came out.

1) if a deal can not be reached by the end of the EA, why can we not get others who are interested involved? as to get the best price an open bidding would help secure that as on the 15 feb call you said any deal would have to create significant value to where we are today .

2) how are the plans for cheyza east coming along? You said it would target to be in production by end of next year but is there an opportunity to accelerate?

3) CASA why were we notified so late about non payment and a new deal was presented. How is that progressing can you share ? (TODAYS RNS ANSWERS THAT)

F79 I asked a question on this in timelines and acceleration if possible. For me if AA do not offer the right deal we can go alone in the mean time and get the value we deserve.

This RNS answers the question I sent to
The board ahead of tomorrow’s call, it is a much better deal and tbh helps our hand further in negotiations. With The recent acquisition that has Been made, if that can follow the path of our other assets we will do very well.

TBH i like the banter going on here most action I have seen with ARCM apart from CHina blues daily tweets and forgetting he was going to shut up if the SP hit a particular target which it has surpassed.

Agree Orwe, nothing is guaranteed, but we own some decent assets and they have had a major engaged with others wanting to jump in, which is luck and good fortune.

The board have done a great job so far, i think a few have felt unhappy with the recent fund raise and with them allowing to talk to investors, that point can be raised. Give them credit to engaged with us, i have been invested in a previous miner that was a lifestyle company but these guys i am impressed with, just need them to do their job now.

Focus will be recent fund raising and new assets acquired
Drilling update
Talks with AA going well, not expecting more than that, if there is bonus.
Casa update
Would like to see another RNS land before 5th May or on that day.

Its not a surprise and if H2 improves not an issue, they can suck up negative cash flow and use more debt if required. BP surprised many with their improved results after amassing higher debt.

They messed up previously not focusing on the pipeline and buying expensive acquisitions. the separation of the businesses should help with cost savings and current pipeline spend will come to fruition in years, if they can convert.

With whats happened to Astra i am glad GSK did not get a vaccine out there with the EU threat to sue, but hopefully our products will help aid the fight against covid.

Timing is a short time frame, underlying it has been an underperformer. in teh last 10 years

GSK has grown up to probably 50% at most, Astra 400%
GSK Dividend has been better as a yield percentage as compared to the Astra share price, but if we compare back to 10 years ago, Astra dividend is far better.

Everyone knows GSK has underperformed and this is not solely down to the current CEO but we need to see the strategy play out and bring someone else in once the separation happens, she headed consumer healthcare previously, Pharma is not her strong point.

Longfell, 100 bagger is unrealistic but think it could get as much as $1bn but that requires a lot of resource to actually be found, overtime this can do depends what deal
We do at the moment . The people in the know have all the data so far and know what believe the value to be.

Why Peggy? The businesss can start a small mine and generate a decent fcf return by the of next year.

With others waiting , people want to do business with us , that is why AA wanted an exclusivity they don’t want a bidding war.

If it does drop a bit really does it change what is here and there is a copper shortage.

Think you can’t discount the EA being extended if it does looks like they believe AA are going to offer a decent deal and no need to speak to others.

Have they restarted exploration yet ? That is really key to extracting more value here.

Was hoping we may hear of an offer this month, but just looks unrealistic with exploration still happening and the latest Casa news.

Just need them to do their thing, Rothschild are brought in to help construct some sort of a deal. We have to be patient now.

I’m hoping it will get wrapped up by July but possibly could see a further push out and I would accept that if it means we get more copper proved and show these guys it’s the real deal otherwise plenty of others to sell to.

We recently bought some more assets, so assume it could get split out and AA take it to production after exploring a bit more.

Contingencies could be added , but AA have a lot of cash how much they can pump in would be a drop in the ocean. If we have multiple tier 1 and I know we have to prove it the 2 licences sold less than £300m is cheap in the context of things

Thanks legalese if that’s the case makes sense

1.4 m x 167 x 20% = $46m , $10m seems too low as profit as it is pure shipping costs