Member Info for Dartron

In terms of official RNS communications from the company, there have been 2. Let me summarise them:
1)14th April - "Exports stopped. I don't know why"
2) 29th June - "Mining suspended". "I'm going over there for talks".

Nobody is asking for a running commentary, but I for one, would have liked an explanation as to what the problem was. How this was explained and handled back to share holders would have revealed a lot about the character of the company and GB. Instead we get the opposite, silence, which seems contempt for the people investing at best and at worst could be covering up for something, we are yet to find out about. Maybe there is a deal but its untenable for RBW, and they are stuck between a rock and hard place.

In the interim, we have heard allegations of corruption, now its a re-negotiation of the deal. What ever it was, and what ever needs to be sorted, could have been communicated in broad terms without going in to lots of detail. I think the share price would have held up far better in that scenario. In fact, I would go further to say that now the companies plans may have been well and truly derailed in terms of raising finance, now the SP has halved.

Since none of us really know, how do you know it is delicate? Why would it be an insult to explain why the exports have stopped? etc etc. Your making up your own storey, which is precisely my issue at having no news.

I agree that the government may not appreciate the risks and costs associated with mining, and based on that, they may be pushing for too bigger a slice. I also feel that, at some point RBW need to walk away and focus on S.A. They should set a dead line for a deal to be agreed or not, and go to plan B if no deal.

What I didnt know, until the read the latest news (which is old news really) was this:

Others companies whose operations have been suspended are involved in mining gold and coltan, which is used mainly in electronic devices.

So if other mines are also suspended, then we may be a bargaining chip, used by the government, and our fete may be less in our own hands than I first thought. The government must be losing quite a bit if various mines are stopped. They must have one mean poker face to lose 3 months worth of tax and see the 10% stake in the mine they have lose value. Almost sounds a bit unhinged and not someone you could trust to keep a deal.

To the point about using the income from Gakara to fund or even part fund Phal. I had initially hoped this would be the case, but even if exports starts soon, I bet we see a placing or deal done. One reason I wont buy any more here.
Finances aside, the indecision on Gakara appears to be crippling progress in Phalabora.

I think getting Phal online represents the best return for investors here, even if the mine life is short. 15 years is long enough to be on to some other opportunity, or sell the business. I bet the Brundii government will still be spiting their face over Gakara. They sound like a tough bunch to deal with IMO.

I note in all this time, no real explanation or acknowledgement from George. Another reason I wont buy more and disappointing.

The large trades looked like buys to me. And another today. Dont see this going much lower now personally.

80.00 62,500 Buy* 76.00 80.00 50.00k

These are popping up on nearly all my other shares today. I think it is incorrect.
Having downloaded the trade for ARCM none of these show up.
Can any body shed any light on to it?

Totally get your sentiment JTS, but I look at it as 'its the market' not CAML specifically. All my stocks are down over the last 2 weeks, which is frustrating because to me they are all screaming buy. Including 3 who released good news & better than expected results. I wont on principle add any more money to the market, so cant top up CAMl, but if it were to head down to near £2, then id be buying very heavily. I see no reason why this wont continue to generate great returns over the coming years, and to be receiving, say 10% divi yield a year shortly - if average was around £2.00, well I would be very happy. I have a financial model for CAML and I am expecting 100M EBITDA / 36p EPS at year end.

Agree current price hasn't rewarded anyone invested since April, but I did sell some of mine into the rise, and have accumulated them back over the last month.

I desperately want to buy more here, but I don't trust the market.

There was a similar buy above ask for 60K the week before before the bell.

Hi Trek, I think there is little down side from here, even if the market cools off more.

When I totted up all those sell today, I was expecting a late RNS, the sell of was quite large IMO.
Doesn't make sense when as you say most people think a done deal is imminent.

Great posts, cash waiting if we see sub 109. What a fantastic opportunity...

Totally agree, they can operate more efficiently economically, due to lack of pressure to do things right. I think therefore they will have a lower operating costs, which is why I think it may be more attractive for them to buy.
I was posting last night, and somebody was saying, AA will up their offer once the Chinese bid. Couldn't be bothered to reply, but the reasons above are why that wont happen.
Note with BCN being bought by the Chinese, there are still delays while the government approve the take over. Also note the low ball offer for BCN. If AA are no longer interested, the Chinese wont need to offer much. IMO.

Several parts of the Red lake are being affected by forest fires at the moment. I think this also explains some selling, however having researched it for an hour, I don't think the fires are near the mine. (all those red lake areas are very far north, 100km of the mine). I would love to emigrate to Canada...

There were nine new fires confirmed in the northwest region by the late afternoon of July 12.
Red Lake 92 has been declared out at 0.1 hectares and was located in the community of Pikangikum.
Kenora 70 has been declared out at 0.1 hectares and was located on an island on Kakagi Lake.
Red Lake 93 is being observed at 35 hectares and is located near Sharpstone Lake, approximately 141 kilometres northwest of Red Lake.
Red Lake 94 is not under control at 0.1 hectares and is located 2 kilometres northwest of Poplar Hill First Nation.
Nipigon 32 is being held at 0.2 hectares and is located near Frank Lake, approximately 79 kilometres northwest of Geraldton
Nipigon 33 is not under control at 0.2 hectares and is located near Lucy Lake, approximately 75 kilometres northwest of Geraldton
Nipigon 34 is not under control at 0.2 hectares and is located near Scott Lake, approximately 32 kilometres north of Geraldton
Nipigon 35 is not under control at 0.2 hectares and is located near Isis Lake, approximately 5 kilometres northwest of Longlac.
Red Lake 95 is not under control at 0.1 hectares and is located in Poplar Hill First Nation.

I think we will hear something which will amount to very little than we don't already know. I would of thought regards the sale, this will drag on quite a bit now. A deal of this size and more than one interested party, we could be looking at almost another year IMO. Any one interested will wait for the drilling and confirmation of the tax structure, so well in to the second part of the year. AA are out in my my opinion or will at least wait for the above. This isnt like buying a car from the Free ads, where you ring up and its gone. This is a deal where everybody will conduct months of due diligence, so don't see how AA are rushed to get this deal over the line currently. Its silly to keep hoping they will up there offer next week. If that was the case, the EA would have been extended - in other words, I don't believe NVS is playing hardball, that's not a good negotiating tactic given where we are. I read it as the negotiations have reached a stalemate, which will either stall permanently or wont break until some external factor changes (Taxes / drill results...).

My shares are going bottom drawer, will double up if under 2.5p Come back next year... or the year after that. Just hope we don't get further diluted much while we wait for our date, that's our vulnerability in all of this.

Looking forward to seeing an interview and hearing the explanation first hand from NVS. He will eventually have no choice but to do some PR.

Im happy to hold here, and I think a sale will be concluded. But I dont think it will be AA now. I doubt that part of there negotiating strategy (if they wanted it) would be to offer low and allow others to join in the bidding. For what ever reason, I don't think they wanted to pay the ask price, end of.
Its possible there offer still stands at a price that is not acceptable to ARC (Currently).

Looking back through the RNS, I cant see why we are expecting results at the moment. Drill results have been mentioned, but I cant find any info saying we are expecting results. - Please correct me if I missed it?

Q2 results came out in August last year, so I am not expecting those either.

Agree this is sinking, but it will with the market dropping in general. Little trust here in the company, no news for at least a month...

We are now below the last placing, which the directors bought in at.

Good scrap men are exactly the same as good share traders. They buy low and sell high, sometimes sitting on the asset for years. I have a pile of lead acid batteries here, and a fair bit of copper stacked up. I don't touch auto's though so not interested in Cats, its way too competitive.

There is a huge trade in scrap CAT's. It is an industry in its own right, with specialist 'CAT men' who collect them, and then regional buyers at scrap plants. Sometimes it can represent 50% of the value of an entire vehicle. Even to the point that thefts in broad daylight are also occurring. Cars are jacked up and the CAT's cut off with an angle grinder.

But this has been going on for years, its nothing new, so I doubt it has much effect on the SP here.

I can work out, why JPM would be selling, especially down at sub £2.50.
I saw that the trades (reported sells) showed 2 million yesterday. But there was a buyer...
Today we welcome Polar Capital LLP.
I have bought a few since it fell, Almost as heavily loaded with shares as I was back in May. Glad to get the chance to stock up in time for the Dividend. Sound investment IMO.

Thanks, I was not familiar with that. Interesting.

Can someone explain what a roll over is please. Thanks

Didnt realise you spoke for everyone.

I think selling out here is a really tough decision. I crystallised a loss (twice). But it really feels like a breath of fresh air to be in something new. If you look at it objectively, today is confirmation of where the price is going. The shares themselves dont matter, but obviously I would be called a liar without proof. I3E +17% today. Remember those days Venturer ha ha ha