Member Info for aprogerson

@mustard RCRs ASX prospectus states Q1/2 so I'm guessing in 4-6 weeks time but would expect them to make an announcement beforehand with their detailed timings, targets and setting some PI expectations beforehand.

@tom If warrants are not exercised then they expire and become worthless.
CB is China Blue who was a Troll on this BB who was hilariously banned by LSE for having multiple accounts and gained support by opening more and agreeing with himself. He was finally rumbled when he agreed with the wrong account name ! How we laughed !
APR

@CMan I'm not sure I'd go that far, but if you were setting up a JV it makes things far simpler as your financials and associated decision making is already aligned.
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We seem to have a string of incidental things being changed, clarified and resolved which individually and under normal circumstances be 'so what' items ... these are not normal times for ARCM so strongly indicate that taken together with yesterdays decision to accelerate the Scoping Study and recent moves to conserve cash and/or ensure we are very well funded.

My firm belief is this all needs to be viewed as a whole as they are not accidental and need to be seen in light of preparation/positioning in a forthcoming negotiation where ARCM is NOT forced or obliged to accept whatever is offered or risk insolvency which would otherwise force directors hands to accept a sub-optimal offer.

This is all very positive in my view.
APR

I'm expecting SP to retest 6.7/6.8p prior uptrend resistance allowing a short period of consolidation before it convincingly moves on past 7.25p. If it does it will be a good opportunity to top up ... if positive AAL news lands then all bets are off !
AIMHO APR

We know we are now waiting on3x things namely:
1) Rincon to commence drilling at Hasties prospect. SP back to IPO level of A$0.25c awaiting announcement of drilling commencement. We also know that RCR team is same team that took Tesoro to a 10-bag last year and RCR have 21km of drill info on their Paterson licences to inform drilling with Gold/copper at good grades from surface. Wishbone (AIM:WSBN) is not as prospective (my personal view) & has £27m MCap and Rincon is £7m MCap ... you do the math !

2) Rogue Baron looking to IPO in H1 on ACQUIS with capital raise to fund expansion. My sense is this will be timed to coincide with reopening of the UK economy in May/June for maximum 'feel-good' impact

3) Low6 is a well thought of betting platform with good exposure and better prospects looking to IPO in H1

Rincon drilling commencement announcement will be the main trigger I expect to really move the SP.
Everything else is detail especially as GUN holds circa 20% of Rincon and should be buying more on the open market at their low SP especially as it is a Gold AND Copper play!
ATB APR

SP just testing previous high of 7.25p printed on 17-Jan-2021.
Would be good to see this level as support with a close above 7.25p today.
GLA APR

@viable I share your frustration with CCZs slow progress, but remain invested here. I am also heavyweight in ARCM holding 30% of my PF there and 12% in CCZ. Not sure if it is the right balance, but I guess I'll know in 2-3 months time!

Roll-on divestment of Broken Hill and return some value to PIs while we wait for Big One drilling to come good.
ATB & GLA APR

Yesterdays closing price of $9,314 is EXACTLY sat on prior resistance for the SECOND day from 24-Sept through 11-Dec on the daily chart. Would be very good for copper price to break this uptrend resistance and have it as support, but after shooting up $1,300 in 2 weeks I guess it might take a well-earned breather for a few days ... maybe !
GLA APR

Yesterdays closing price of $9,314 is EXACTLY sat on prior resistance for the SECOND day from 24-Sept through 11-Dec on the daily chart. Would be very good for copper price to break this uptrend resistance and have it as support, but after shooting up $1,300 in 2 weeks I guess it might take a well-earned breather for a few days ... maybe !
GLA APR

Also £80k of Consideration shares issued in lieu of spending cash with a supplier ... good for both parties and nice to se ARCM conserving cash.

@F29 I heard that nice Mr Wood fella seems to think it might be under one of our licence areas just where his favourite copper divining Scandium isotope something or other map says so. Anyone got the twitter link please as I've lost it?
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@Gallmat I am talking about the stock.

ARCM used to own the Sturec gold mine which was sold onto MetalTech with a clause that if they find more than 1.5Moz ARCM gets a large payday. Similarly with CASA currently being sold on which also triggers a payment to ARCM when the sale completes. See my "ARCM In a Nutshell" post history for details or just go through the RNSs.
ATB APR

I'm just glad Sturec is in the rear view mirror and might now produce a nice cash lump sum when it is finally sold on.

@sanboy I guess everyone has their own targets, priorities and timescales. I've had OMI on my watchlist for a while and missed the run-up as was committed elsewhere ... I must say their results look good, but like I recently found in CCZ quoting historic drill results seems to turn PIs off big time with a similar heavy retrace.
ATB APR

@JTD Thanks all interesting reads
ATB APR

@akhtar I had my sum of parts valuation for ARCm as a whole earlier, admittedly I had included only 1x Tier 1 assets !
ATB APR

@roley and techtonic Welcome to the BB. There is a lot of good stuff posted over the last 6-8 weeks with a big focus on both Rincon and Rogue Baron. IF you pickup my name you can shortcut to some of the RCR and RB valuations I and others posted including links to other resources.
Rincon has been silent since its Dec-20 IPO so its SP has dropped back to IPO levels of around A$0.25c valuing it at circa £7m half of which is cash as its funded for the next 2 years with Hasties project MRE targeted by Dec-2021. Wishbone is a comparable on AIM but lacks historic drill results and targets are much deeper but has MCap £27m so Rincon has plenty of space to run especially as its copper/gold intercepts are from surface.
You can probably tell I really rate Rincon !
ATB APR

@maxtreat Try Arc Minerals (ARCM) with licences in Zambia and 2x potential Tier 1 copper assets which AAL are carry Due Diligence on prior to considering a transaction as part of an Exclusivity Agreement in place since Jul-2020. Also working on a Scoping Study to upgrade their small scale production facility to fund further exploration.
As always DYOR
ATB APR

Hi @Marco I'm a big believer in market based valuation using comparable and having the info we have on Kiwara/Sentinel and the 2009 sale to FQM is a real gift as the country, geology, postcode, metallurgy and grades are the same if not very similar. The other 'givens' if you like are copper price at date of transaction compared to now & given that the FQM transaction was economic at the time BEFORE their very large CAPEX mine and plant build went in speaks to the profitability at much lower copper prices of Sentinel and just how profitable the mine must be now given £8,500/t copper.
ATB APR