RE: To New Investors.15 Mar 2024 18:45
What utter rubbish you are writing - management have dramatically reduced their average price here by destroying the share price, then buying lots of shares with money they got from forgoing their options and taking the money at a much higher price! (But according to the rampers they've been completely unable to buy in the markets because of mythical closed periods which have been completely untrue.) Oh, and a large percentage of that raise is used to PAY THEMSELVES their vastly over inflated salaries! Far from being the innocent victims in this which you portray, they have been the beneficiaries of their own mismanagement and incompetence, and continue to bleed Arc dry for almost a million quid a year for wiping >75% off shareholder equity from the previous high years ago on the expectation of an Anglo deal/buyout. That is NOTHING to be proud of.
As for "John Meyer is a bobblehead who is paid to have an opinion" of course he's paid to have an opinion, he's a junior mining analyst, whose opinion do you want to hear, the office cleaner's?!
"The only question that matters now is how likely Anglo are to find decent mineralisation" this is NOT AT ALL the important question, it's pretty much a given that Anglo will find any copper which is there to find. All that matters is whether Arc shareholders will end up profiting from such a find and whether the company can remain solvent until then. HIGHLY UNLIKELY in my opinion, based on the complete mismanagement and incompetence on the part of Arc's BOD - as John Meyer said, to paraphrase, Anglo must be shaking their heads in disbelief at Arc's ineffective and incapable management (and probably thanking their lucky stars that von Schindig is no longer on their payroll.) Anyone interested in investing in Arc needs to just do some research on a few elements of the "Executive Chairman"'s history - the total debacle which was his tenure at Bumi, and his decision to accept shares in an African fraud called Tingo. (NB all of the rampers said Tingo was a none issue - if they'd had the 5m they had in Tingo shares this week, they'd have had absolutely no need for a raise for any reason, but of course, remember Tingo was completely irrelevant, right?! Anyone who says that needs to give their head a wobble and look at the massive dilution all ARCM shareholders have now suffered as a direct consequence of Schindig's mismanagement of the Tingo due diligence.)
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