Member Info for DonkeyOatey

Sunbeam and Hemlo are the reason I've bought nearly 900,000 shares here. The potential is tremendous, but I am rather more concerned about the CEO - an excellent, hugely capable geologist, but I'm not really sure how great he is in the CEO role (anyone remember the interview which ended with a takeaway from MS that a raise was likely needed soon?) I think perhaps he needs appointing as senior geologist for FCM, and someone with more evident leadership skills appointing as CEO. Just a thought.

Yes, it's very troubling to think that people can be so blind to the realities staring them in the face, presumably because they are overly invested in ARCM and desperate for it to work out. Surely the time has come to clean house and remove a leadership team which simply isn't up to the task. Sadly, with no CEO and only an "Executive Chairman" (who seems to spend more time telling interviewers what an experienced and professional team of executives they have running Arc than actually achieving anything tangible for shareholders) the usual checks and balances on the BOD don't seem to work at Arc. So I guess over the coming years there will simply be a transfer of wealth from the company's cash assets (ie shareholder assets) to the vastly overpaid leadership. But apparently that is something to celebrate?

Well done, wwal17, you seem to be the only one on here who realizes what this means about their confidence in getting any other sales over the line in the near future. And 15% is hardly cheap money - if they'd said 5% or 8% I'd have supported that, but I'm frankly surprised that they couldn't have done better than 15% with any commercial lender.

Oh well, so long as the CEO is enjoying himself on his jollies out to Canada, all good then. 270k sale plus 230k loan at 15%, hardly knocking it out of the park success!

Oh dear oh dear, -25% in just one day, quite an achievement even by Arc and NVS's standards of failure!

DVH, I think you're being a bit hard on JT - they're keeping the company together on a wing and a prayer, taking almost nothing out, and just looking to deliver value from their quarter share of Stonepark. Once things come together at G11 and Glencore buy out the rest of the G11, their offer for Arkle will follow shortly thereafter, but it could still be years away (and with Glencore's strategic stake in G11, it's unlikely anyone else is going to make a play for G11, and therefore we are pretty much beholden to them.) But, of course, Arkle has the metal rights over their minority share in Stonepark, which is rather unusual, and means that they will eventually want to buy out our share. The only thing which I can see might peak Glencore's interest is if some other company recognizes how undervalued Arkle is and comes along with an offer, with a lot of cash and knowing that they may have to sit on their investment for some years before they can blackmail Glencore into buying it for a big premium. But I don't think that's very likely. Just a matter of having to wait. And wait some more!

OT6, I don't really understand why you think any O&G company would ever trust the UK government again after the recent confiscatory tax regime changes? How would this provide stability, when the UKG have, for the second time now, shown that they are willing to rape NS oil companies whenever they need to buy votes (my bad, I really meant to write whenever they need to fund their 'progressive' and compassion-based social welfare systems.) Fool me once.... but thrice, if coming back after this latest kick in the b4lls?

Also, when you say, "This could include permanently higher tax rates that would lead to higher tax revenues when oil prices are high without the need for windfall taxes" it is worth pointing out that an unmodified 40% tax rate would also have provided higher GBP tax revenues when oil prices rise without the need for any additional taxes of any kind! Apparently though that approach wasn't considered sufficient to satisfy the greed and desperation for votes by our political lords and masters.

So - the UK will continue to consume the same amount of oil and gas next year as it did last year, but in future years the hope is to be do it in a more environmentally-friendly way: by purchasing it from less carbon efficient jurisdictions, and then shipping it to the UK (in a carbon-zero form of transportation? I'd love to hear what form of transportation that might be!) And then when the price of oil and gas rockets, they will want to keep the barbarians from the gate by issuing energy payments funded by what - tax on the NS oil and gas we no longer extract? (Or perhaps they will tax the real windfall gains after all - those of the utility companies who made an absolute killing since Ukraine!)

Pass me a knife, I've an appointment to take out the UK's only remaining golden goose...

Does the sale of two insignificant licences prove up their business model? Will this be worth more than 3p on re-listing?

Interesting indeed, Mr Upham! The biggest issue for the forseeable future is that the NS now presents a "return-free risk" proposition. I *hope* LIEbour get it, but I wouldn't bet the farm on it, given how financially and economically illiterate these people appear to be.

"Cracking the Enigma code was easier than understanding our BODs communication."

Indeed, but there's a good reason for that - the German's Enigma code was grounded in reality!

Good to see NVS and his merry men making you all soooo wealthy. But the price of copper, the price of copper.....! (Allow me to finish that sentence for you: is completely irrelevant to a company with no proven reserves and no production!) At least we know of a few people who are managing to make hundreds of thousands every year, each, from Arc Minerals - and, spoiler alert, it ain't the shareholders!

Dr Thunberg, DPhil, PhD is certainly appearing to be the emporer with no clothes - it's all a bit of a con, designed to funnel large amounts of taxpayer resources to the chosen few who support the politicians. Most people don't even consider that without "global warming" humanity would never have come to exist on earth as we know it today: who are they going to blame for that, oil companies and internal combustion engine cars?! The unbelievable arrogance of humanity to claim that what we do has such a disproportionate effect on the world... but then again, Dr Thunberg was the one lecturing the UN as a schoolgirl with no education and no scientific knowledge - the only thing she said with which I agreed was: "I shouldn't even be here...I should be back in Sweden in school!" (All downhill from my perspective after that.)

Something needs to be announced here in short order, because it feels like investors are being treated like mushrooms, which is rather poor. I would not have expected such uncommunicative leadership from a spin off from the POW stable- GMET and POW are quite the opposite in their attitudes towards investors. Very disappointing BoD and leadership here imo.

I don't think Ian sold out and bought a house which his wife had found, that was someone else.

Ian, if I remember correctly, was the t*t who was constantly running guess-the-takeover-amount competitions, when he could tear himself away from his role as chairman of the Fiat Panda Owners' Association, and of course not when he was occupied with his weekly breakfast meetup at the Clacton-on-Sea Garden Centre cafe with his fellow retired captains of industry.

Nice to see, finally, a company whose share price is responding proportionally to progress in their mineral projects. Now if only those utterly hopeless rampers at ARCM could actually achieve something, I'd bring my beer money from there into GMET. Looks like OF is definitely going to deliver something very valuable here for his shareholders. A great lesson to some "Executive Chairmen" that a leader can be paid 5 figures and still deliver excellent results for his shareholders.

If you were smart you'd realize that the main issue for ARCM holders is whether Arc shareholders will see any meaningful returns from any Anglo discoveries on Arc land. With one of the worst and most inept management teams I've ever witnessed in over 20 years of investing on AIM, I doubt you will see any big returns to Arc shareholders. If you want to see some really whacky behaviour, try listening to the cheers and cries of success from the Arc holders who have celebrated the management team here and the great company they are invested in, all whilst the shares they claim to hold have fallen from over 8p to under 2p! Now THAT is funny - "Yay, we've lost another 10% today, hoorah, that's almost 75% down on my value of my investment in Arc, oh joy!" Yes, if you want a good laugh at shareholder attitudes, I'd say that really rates up there with the best of 'em!

What an absolute joke, they can't even talk the share price up to 3p yet all this talk about the price of copper, Anglo takeover offers, etc (none of which is relevant to Arc's complete failure of a management team to act with basic competence, such as placing to pay themselves when the sp is at multiyear lows!) Oh well, I guess I will have to just settle for a few percent profit before this starts sinking lower again. This being AIM, I've seen many really poor management teams come and go, but I've never seen such potentially great assets in the hands of such an incapable management team for such a long time; the rate things are going, copper will go to $10/lb, Anglo will get bought out for multiples of the current shareprice, and von Schinding will be doing placings under a penny a share in order to pay himself and his team of extraordinary underachievers another million a year! (Better still, vote them a couple of million in bonuses for all this shareholder value they're delivering to you!)

No SeisNav, I've always said that if there's anything there Anglo can find it (and agree that there most likely is a lot of copper there, again, as I've often said.)

The problem is the management here - one of the worst teams of over-paid, self-serving muppets I've ever seen on AIM: lost 5m dollars worth of sale consideration due to utterly worthless DD leading them to accept shares in a Nigerian fraud, pay themselves a million a year for their failure to deliver, and do a placing at multiyear lows when they are completely out of cash. Smacks of utterly incompetence, as John Meyer - one of the most respected, long-time AIM junior mining analysts - "I wouldn't trust the Arc board to run a village sweet shop!" Says it all about the Arc management team.

So yes, I think Anglo will probably find some copper, perhaps even a tier1, maybe even multiple tier1s, but I'm equally confident that von Schirnding will find a way to screw it up for Arc's investors. :)

Good luck, and please get busy ramping (I've taken a small position for a quick in and out here, so would be very happy if you could get this up to just below the warrant price, so that I can flip for a short term profit!) Now, get busy...

I see the "golden tickets" are still available in large quantities under the most recent placing price! Says it all really :)

"trying to con people on the internet"

Oh the irony coming from you Seis :)

100% TNR, and also "since the placing that you insisted wouldnt take place took place" :) Funny that those spreading the factual untruths on here are the same rampers accusing everyone else of being liars.

Amazing that one can still buy these golden tickets below the placing price! I guess those who bought into the placing REALLY didn't want to hold ARCM shares (and who can blame them when looking at the past history of Arc's Executive Chairmain at Bumi, and how he and his pals pay themselves a million a year here whilst placing at multiyear lows in order to pay themselves.)