Member Info for ChinaBlue

Let us hope that you are right. Also that the rain comes late and allow more drilling to be carried out. If the Zambians are done selling, then maybe sentiments will return.

Agreed Jerry. Don't worry, we know what comes next.
I also spotted the approx 50% loss involved in selling Andiamo. I guess NvS doesn't want another bad sale which is why Akyanga hasn't been sold. I am still not impressed, but I do hope he manage to sell 1 of the remaining gold asset so that we are spared another raise.

Definitely not me Jerry. I wouldnt touch PREM again even if my life depended on it. I can see why folks are impatient here. Drilling since mid 2018, and still no JORC, and the CSD doesn't even seem able to generate some cash from selling the copper concentrate even if cobalt is down. I am sure you can remember how excited everyone was that ARCM would be the only junior miner with a cash generative plant. How wrong we were. We need more outcomes from NvS and less talking.

Sorry, no good news coming. You know things are bad when PREM PIs are having a good day and ARCM is tanking. The CEO did say in one of his calls that if you want a company who publish frequent good news, you should invest elsewhere. Get use to seeing the SP tanks until mid next year. NvS priority isn't keeping PIs happy. He need our support, but doesn't feel he need to reciprocate:)

Well, like you and your buddy stated, I am a parasite. So if I am still here, it must mean that I am still drawing nourishment and getting fat so that I can go on to form my chrysalis:)

I dont know Bloodshot, you appear to have become fixated on me!!? I would take note of you if I noticed you asking the hard questions. You have been here as long as I have, yet you are happy to sit, wait, watch your position diluted, and unless you sell/profit take on the spikes, you see the value of your position decrease.
You think I am negative about NVS, but what has he actually achieved that has benefited shareholders?
a)He promised to build the CSD which would bring in income. That was ramped, then suddenly abandoned and its not the mother lode.
b)He said that he could have sold the stockpile for north of $1M. He didnt do that. Instead, he raised.
c)He had a willing buyer for Casa if it got over 2M oz. He got 3M oz, yet no sale, and no plan to sell this side of 2030 by the look of it.
d)He promised to bring on a major either via a jv or at the corporate level to avoid having to return to the market. That hasnt happened.
e)He acquired more of Zamsort via raises, and now formed Zaco. He hasnt really provide details on Zaco and what we hope to gain from it in the long run, unless he did and I missed that.
f)He promised JORC reports end of 2018 and end of 2019, and so far nothing. We may see a report Q1/20 IF the BOD gives it their OK, which says to me that we wont see it.
g)He is drilling everything in sight, yet no formal announcement of a discovery, and now we are being told that it will be mid-2020 before we can expect anything, if at all.
I am sure I've missed many other of the CEO failure to execute and deliver, but from where I am looking, the man hasnt delivered on his stated promises, so what is there to be positive about? I cant see it.
Yes, I know, if I dont like it sell up and leave. That is a silly statement which doesnt diminish the fact that ARCM is no further forward at the end of 2019 as it was at the end of 2018. In business, at least in the capitalist system, we expect growth which yield return for PIs, we havent seen that.
Good help ARCM investors if come June 2020 West Lunga turns out to be another Kalaba!!

@Bloodshot, I dont recall stating that the company, its BOD short their own stock. If I recall correctly, I stated that the SP is walked down to allow the FO to fill their positions at a low SP. Here is how I think the process works:
a)Rich Investor comes along and acquire shares in the company. This could be via direct purchase on the open market. However, for the company to get FO financial support/access to the FO cash, the SP is walked down; shares are then issued to the FO at the lower price; FO gets shares and warrants which can be exercised for more shares; PIs get diluted.
b)Rich Investor have their Broker loan shares to Shorters for a fee. Rich investor wins on both sides of the market. When the Rich Investor hit their return target, they liquidate and move on. Co then repeat the cycle with another Rich Investor which then lure in more Punters who takes the move as a good sign, but actually end up sitting and waiting for years for their pay day which never seem to arrive, all the while being diluted.
c)As for as the BOD is concerned, what do they do with their shares after they exercise their warrants? They can sell them, or they can loan them out to Shorters; unless of course they signed legal agreement not to short their own company shares. But this is AIM and anything goes as we have seen over at PREM.
I suggest that you check out margin accounts and you will get an idea of what is possible. Big guys are not here to lose. PIs are the ones who pay the ultimate price.

What's with copying and pasting my posts Bloodshot? I would have thought you'd want to focus on your investment than on myself. Well, I am getting old, and height does go down with age:) yes, I am over 6 feet, bit lost 10 lbs from keeping fit at the gym.
If you have a broker, I am sure they'd be happy to explain how the process works. Simple search on Google will give you all the info you need. The shorter need a margin account, and the rich person follow this process:
"It's called securities lending. In this program, your broker pays you a fee to borrow your stocks to lend them to someone else. Typically, that person is ashort seller who wants to borrow yourstock and sell it ahead of an expected decline. The borrower hopes to buy it back at cheaper price to return it to you."

Come now Bloodshot, not little at 6 feet tall, and playing with a 9 iron, father of 7:)
My concern is that ARC seem to always have a rich person as a famous investor which is used to lure the unwary. The rich person then make money by lending out their shares to shorter for a fee, and Co get cash by dilutions. To be fair to the CEO , he hasn't yet start to borrow money from his family trust. That would be a clear sign to run for the hills.

Guys, take a good look at PREM, and you will see the future of ARCM. What does the 2 companies have in common? Brilliant SA CEOs.

Like I said, SP being kept down so FO can benefit. A clear sign of what is going on. FO benefit, PIs foot the bill because there is no other source of cash.

Easy G, just an opinion being posted. I agree with Peggy regarding getting out with a profit when the opportunity present itself. There is a clear pattern with this Co and so we shouldn't expect the SP to recover. Q4/18 it was the casa holders who dumped their shares, this Q4 is now the Zambians who are selling. What are they seeing on the ground why they chose to sell now and not wait until June 2020?

Amen Peggy,
Let us hope that NvS can deliver before Zambia take back the licenses. There are far more positive people here than my so called negatives, yet that hasnt helped the SP. The SP is once again back to where it started. Also, I dont see Mrs Gloag listed as a major shareholder. I guess she got fed up and moved on. I always said that she is a canny lass:)

Google Finance indicate the SP as 2.84p, yet Arc Share information is showing 3.50p. Why this inaccuracy?

Peggy, I have given up hoping to be proved wrong here with this CEO. You have been here long enough to know his routine. I recall you not being happy at the lack of progress. I am pleased that you are now happy:)

As I predicted, 2p range revisited. Next part of my prediction is that 4p will not be seen until md-2020.
Pending raise and no confirmation on casa and discovery of a viable commercially deposit will keep this SP down. Flower, and ramping will have no impact:)

Another new arrival preaching. A protected share doesn't tank. Should we regard the lack of this flower being found at Kalaba, Cheyeza East, and at the other targets that they don't have copper because the flower refused to grow at those locations?
I am not stopping Capt Bligh from doing a good job. CSD built on raises, no income. Kalaba not the mother lode. Akyanga surpassed the 2M Oz target, but still not sold. Major was to be brought on board to avoid returning to the market, no sign of a major. This while many are supposed to be lounging in the Co data room.
Not sure what job the CEO is doing? All that he has done to date have not added 1 jot to the SP or MCAP. SP back to where it was last year. He frequently raised, sometimes at a premium. The dates are there for all to see. What is also evident is the erosion in shareholder value by the dilutions involved. It won't be long before the fully diluted shares are numbering 1B. I want to see something accomplished that everyone can celebrate. Do a good job, execute, deliver, add value, and no one will have anything but praise for him. The man is a failure. Just look at all his promises at the 17th May 2018 call, none of them have come to pass. Not sure what criteria you are using to assess his performance. This is another PREM in the making.

I hope that you are right G. I am not sure whether the drill for equity will cover all of the remaining drilling for the additional 3 targets. Plus, since no cash is coming in, not even from the CSD intermittent production, at the very least cash will be required for working capital. There are all them BOD members to be paid, C&M costs for the non-core assets. But, we will know soon enough when the financial report is published. November is a popular month with the CEO for announcing raise, issue of equity and the like.

If the flower was spotted at every drill site, no one would have anything to say. I think it's a set up to get the SP down so that the FO can load up cheap. Further, we know he is desperate to carry out another raise and the FO want to see a lower price before stomping up the cash. So we can expect an announcement soon telling us £2M was raised at sub-3p.
Funny how the pro-CEO lobby have gone quiet. They must be busy celebrating another display of his brilliance:)

I have to agree with G. The CEO is acting desperately, and we should all be very worried that this flora was not previously discovered at each of the previous drill sites!!
At this point a rising SP is worth more than some colourful bush which can't be eaten:)