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So before the placing this lot were last reported as having 5% of the total stock - circa 60 million shares. So in the last few months they sold the best part of 40 million shares on a drip feed basis. Not for any reason other than the original holding being against their own strategic guidelines.
A crazy bit of financial dealing but at least it is over - and explains a lot of the price movement of late. The BoD were absolutely right to get rid of the problem- and I suspect our other Swedish investor may have taken the opportunity to increase.
Well placings are rarely welcomed but this was done pretty cleverly in my view - all over in less than 24 hours, oversubscribed, and the BoD with a lot of incentive to deliver. Get rid of the Swedish lot and stabilise first - then go for both Zambia and Botswana. Only regret is not being able to take part - although I see some ADVFN posters were invited.
I wonder if some of the regulars on here also subscribed via their contacts - if they did best of luck to them despite being a little jealous. If you are in an AIM share this is pretty much what you expect so just get on with it.
Well - it is 4 weeks since I filtered the famous 5 - the first time I have ever filtered anyone let alone 5. Some days it is quite bizarre - 5 blocks of green all apparently talking to each other about a share they hate but don't own. But no one is listening.
You really couldn't make it up - anyone know a good psychologist?
I hesitate to comment here - these days I am pretty far removed from all this. However the database is still intact should there be a substantive reason to use it.
Looed keeps occasional contact with us - and I have nothing but admiration for the sheer tenacity and good judgement of him and one or two others trying to maintain a contact point. As some know from this site we have a couple of times been invited to "verify" authenticity of contact. We have seen originals of emails that absolutely seem to originate from the @ email address that appears on the Company's "holding" website - and I would say that a reasonable person would judge them to be entirely authentic. Plus I can see no good reason why anyone would go to the trouble of falsely presenting them
Enough from me - but I for one place my trust in Looed in seeking to steer some form of relationship with those in charge.
MT - I know you didn't ask me but I do read your posts. May not agree with you but you have a valid view IMHO. Those now appearing in green are the ones who are in need of help - again IMHO. Am sure you can guess who
I have quite a solid holding here, steadily built up over the last few years. I very rarely post but I have to say I am entirely comfortable with our position. I see Zambia as simply a matter of patience - based largely on the degree of risk and commitment that a major has placed on this development. Botswana is obviously less clearcut and if successful has far less upside. But it does have upside - particularly in view of the position of the licence area.
My investment will never be influenced one way or another by what is essentially a band of 4 or 5 anonymous individuals - who surely have no holding - but for some extraordinary reason fill up their rather sad days by incessantly posting negative views on the Company. Bizarre behaviour indeed and a psychologist would have a field day trying to fathom out the personality traits involved. For some weeks though it has been a sea of green for me - which visually illustrates the eccentricity even more starkly! 5 people filtered (the first time I have ever done that) and it now looks like they are all chattering away to themselves, saying nothing and with absolutely no impact on anyone else.
I have never really believed in the paid deramper theory - but at least it would explain it all. Otherwise I will put it down to obsessive and rather sad character deficiencies.
Have to say it was a little rose tint that built up the expectation of an announcement on the international public stage. That stuff is of dreams and tales of romantic fiction. The nitty gritty of a deal will be announced when all the parties are ready and through much more mundane channels.
But IMHO signed it will be
Last post got deleted so I’ll say a very simple yaaaaaaaaawn
AIM risk/reward shares require a lot of nerve, confidence that the long term upside is worth the risk and inordinate amounts of patience. For ARCM I have all of these in abundance
Re share movements it just needs a few triggers. I am heavily into QED - another nerve tingler. Up four fold over the last few weeks with enormous further upside.
I remain incredibly confident regarding the ARCM touch paper
Well for me the real white elephant regarding Zambia is that AA may have spent 2-3 years using their vast employed and consultancy resources (not to mention previous deep knowledge of the geography), carried out umpteen internal risk assessments, and then go|| on to screw it all up. Possible - but I won't lie awake worrying about it.
So I have sat on the side lines for a couple of years whilst quietly building my stake here. Like most I had a few wobbles – the timetable and radio silence being the main issues. The anti-brigade didn’t really worry me – but I was concerned about the possibility of a political stumbling block. Anyway - well done to all the advocates who kept batting off the attempts to derail things.
In my view this really is now largely de-risked – and the final confirmations really should mark a turning point (even if the SP flatlines for a while). Large doses of patience are always required in this type of situation.
My decision to post is in part prompted by Outofluck’s comments today – and partly the AA perspective here. It comes from a lifetime spent in the heart of the corporate mindset.
Large corporates are more than ever obsessed by risk mitigation – at every level of management. Which is why they simply would not buy a stake in ARCM at this stage. A small investment would be public and the share price would rocket. At 30% they have to make an offer – but upto that point they still have no control. Quite simply the AA decision makers are not speculative fund managers, and Risk Committees would never approve speculative ventures.
Instead a contractual commitment of a very significant investment has emerged – one that allows an increase in the share of the JV as exploration and investment progresses. Classic risk mitigation – but nevertheless a very substantial financial and political investment. The sort of investment that will only have been approved at the highest levels and with substantial assessment of the likely ROI. The level of commitment is a testament to AA confidence and that alone is enough for me.
And one more thing. For NVS to have used the RNS to thank the President and quote the Mining Minister in the last RNS approval would have been required at the very top of both AA and the Zambian Government. And the Nomad will have wanted to see all the documentation and approvals. Another layer of cement for me
So more than enough for me to sleep well on this one.
Steve - you are absolutely spot on. The reasons why Peggy and the Donkey (plus a few others) post on here would provide enough material for a serious Psychological Conference (just like that famous Basil Fawlty episode)
Posting repeatedly on a share you claim not to be invested in is bizarre behaviour indeed. Either you are manipulative or just obsessive. Anyway I think there are enough adults in the room to know what risks we are all taking without the constant prompting of our gratuitous guardians
As a very rare poster (but avid reader) I have to say most boards seem to have one or two like this, and whilst it drives the rest of us nuts I guess he/she has nothing better to do. I can just about live with the “permanent” negative posters – at least we get to understand them – but it is the transient “here today – gone tomorrow” mob that amuse me.
So interesting that the Donkey suddenly appeared on LSE on 14th June – out of nowhere. And has since blessed the ARCM board with 158 posts in around 6 weeks. I wonder what made him/her leave behind a previous mystery name to rename as a Donkey.
Anyway – we are not alone. Since 14th June the individual has posted on other boards – including EUA. This little classic popped up the other day: “Just set up a Gmail address with letters and numbers for the address, ie ghl45hwe23115@gmail.com, don't use your real name to register the account, and use a VPN in somewhere with very strict data protection laws, like Norway”.
So someone who is quite at ease with a bit of deception. I wonder whether he/she has deceived LSE regarding his/her real identity?
I’m normally pretty silent on this board – but time to say something. A lot of emotion expressed here and elsewhere – some of which is not that helpful. So I have tried to step back a little when thinking about how best to protect my investment. For what it is worth I have decided to take part in the open offer – based in part on the following:
- The Q&A did in fact have a lot of substance but of course we are way behind where we hoped to be - for all sorts of reasons. And JM did appear apprehensive, but given some of the flack here and elsewhere perhaps not a surprise. However we all know the MSC deal is complex – and whilst hugely important to QED is one of many initiatives for MSC. But they have gone and bought a ship to test this, have completed the upgrade works, and nothing seems to have deflected their intent. Re Morocco and Utah we still await conclusive outcomes – so we will have to sweat them out.
- Regarding the fundraise timing of course the ideal would have been after at least one conclusive outcome. But the “runway” was getting tight and I suspect the BoD did not want to risk doing this in August
- Some of the discussion regarding the “team” – especially JM – needed balance. Thanks IMHO to DoN for supplying some balance. This is a very small team and their future also entirely depends on QED success.
- AM is a non-Exec Chairman – and has non-exec roles in quite a few entities. I would guess his contract is for just 1 or 2 days per week – maximum. I have no idea regarding his personal wealth but the commitment to another 2.4 million shares cost him £30K. Not insignificant in my view and a bit of a statement.
Everyone to their own on this – but I think I can justify another last push
I have no particular issue with the name change but given the importance of other news the BoD must have fully anticipated flack from shareholders
I’ll allow my reaction to be tempered by an assumption that management confidence on other news remains high. Hope I am right - otherwise this will look like a poorly timed prompt that will further encourage the cynics
So either the rules re tax treatment have changed (I don't think they have) or a review has concluded that the wording around these original grants wasn't sufficiently tight for tax treatment purposes. An optimist could draw the conclusion that someone has done a deep dive in the expectation that the options might soon be exercised.
Whatever - the bit I was pleased about (I wasn't previously aware of it) is that over 8 million options are with non disclosable individuals - presumably key employees. That is a lot of options - and I personally would be delighted if those individuals were able to benefit in some way.
Obviously the delays here are frustrating but my take here is quite simple. As a significant holder in a high risk/high reward type of share I have only 2 core considerations.
First - are the declared projects still on track. Answer yes. Second - will at least one of the projects conclude before the current tranche of money runs out. Answer - seemingly yes, and the Morocco trials are confirmed as still planned. Re MSC we will always be at their behest but for such a big prize I am quite happy to wait
Patience can be very tested at times on this type share but there is nothing to suggest that the current plan has been derailed.
Just to confirm Jim has kindly forwarded the relevant detail and the FSHG team are entirely satisfied regarding it's authenticity. We have thanked him for his efforts and would hope that the contact established proves to be a basis for future progress - for company and shareholders alike.
As previously communicated FSHG remains in hibernation - but should the opportunity arise we would be happy to use the database for the mutual benefit of both company and shareholders.
Yep - very well done JIm. As most know FSHG is in cold storage - but we do occasionally check the inbox.
We have had a couple of requests to see if Jim would be willing to contact FSHG to confirm the receipt of contact by forwarding the message - knowing that we would absolutely not reveal the who from/who to detail. Nor do anything else with the content. If you are willing to do this we have agreed to simply confirm receipt on this board
Your call entirely Jim - but if agreeable the email address is:
fronterashareholdergroup at gmail.com (need to reformat to use!)
Have a great break one and all
Many thanks DoN (and others who attended). Much appreciated!
The fact that the board engage and mix in such a way is a constant plus for me - and hugely important. The direction of play is my main focus - and nothing appears to be adverse in this regard. Timing is all about dealing with real life issues - eg getting the damn stuff across a border. These issues will get addressed but as most of us accept the timing will be out of our hands to some degree
Again - patience folks