Member Info for DonkeyOatey

Couldn't agree more with your last paragraph, I think by comparison we should have known him as Honest BoJo!

It will be interesting to see if Anglo manage to dig anything up which proves there's any kind of viable resource here.

Until then, though, why exactly does Arc need a management team draining 3k a day, every day, every year?

Lmao "shortly'! Please tell me you also own EUA shares, the irony would be magical...

I suspect that this will probably end up with Eurasia going bankrupt, the assets being put into a new Asia/Russia focused listing, with shareholdings jiggled around a bit between the current major holders and management, and the PIs getting completely shafted. I've never before seen a company as poorly run outside of Africa-focused copper miners as this company is, which is very disappointing since I had great faith that Schafftilitzky and Rawlinson were people of integrity and to be trusted. All very sad and disappointing but unfortunately not that rare on AIM.

If this can break through into the 6s and stay there, I would be the first to say that it appears the tide has turned for ARCM. But until then, it is just a company running out of cash, with what I regard as extremely poor leadership, some undrilled land and the prospect of an agreement with a major. Yet again investors were told that the finalization is just days away - will it actually be done in a few days, or will this be yet another 6 month failure by NVS?

Orient, since you have not disagreed with a single word of the content I wrote, I will take it that you're in complete agreement. Such a shame, potentially great assets but has to be considered one of the worst BoD in the history of aim, if you exclude the shambles of a board at another mining co in Africa. Between them I'd say they are definitely first and second places winners for worse bod award! Strange that the usual ramping crew are so absent on a day the sp falls 25%!!!! Pity we can't have the chairman of the Panda owners' club here with his guess how many pounds this will sell for competition! I'm going to enjoy the beautiful irony of the sale for about 0.25p when this wound up

and the assets sold by an impartial court-mandated third party! Hahahaha. Perhaps most of you should consider the National Lottery, the odds are much more in your favour for a big win there than from Eurasia.

The way things look here now, the whole sorry show could be wound up by Christmas. I recall years ago people talking about the Quindell scam and comparing it to this, I didn't believe it was a reasonable comparison back then, but it is starting to look more and more likely that this had all been a con. What is absolutely beyond dispute is that anyone buying in on the highs of high 30s or low 40s is down about 95% which is just incredible. I am continually thankful that the reason from people like the wolf and co created enough doubt in my mind that I didn't buy in as this falling knife fell. I would've lost at least 75% of my money, so big thanks to you all for keeping it real.

So a company which is supposedly worth billions, and they can't even pay a 100k legal bill. What an absolute joke of a firm and BoD. I imaging that the lawyers will have fulfilled the legal obligation to provide the statutory notice period before applying for a winding up petition, which makes it even more deceptive and less-than-open than Schattlistzky now says they've just been notified. I would struggle to name a worse run company on AIM other than one utter disaster I know of mainly focused on Zambia. God help any investors in Eurasia, it looks like Gowling would actually be doing everyone a favour by getting this joke of a company wound up, at least it would get the BoD off their perpetual gravy train.

Yes, explain it to us foolmar - why did it not destroy their reputation to do what they did with Sirius, but it would do so much damage if they bought arc on the cheap? I can just imagine you negotiating on behalf of Anglo, "No, I'm sorry, we're just not interested in buying arc for 5p a share, we either pay 35p/share or we don't want to buy you at all! People would think so badly of us if we bought you out on the cheap!!!!" raflmao Let me know when you are going to join the rest of us here in the real world, foolmar.

"the reputational harm and commercial damage that AAL would incur" what utter nonsense you spout! If the same behaviour didn't destroy their reputation when they did it at Sirius Minerals, then it will be no problem to do it again with Arc! Good grief, think you've been listening to your cuckoo clock YouTube links a bit too much!!!

What are you talking about? Spread the cash too that nly? They have no cash, that's always the aim jnr mining problem. So far the Spin out model is working well, when the markets price be it will supercharge the share price, until then everything is in the dolldrums!

Yes cattleman, I am afraid you are correct. A pity people didn't get wise a bit sooner and boot out the awful overpaid management six months ago, but the constant jam tomorrow promises seem to have done the trick at stringing it out as long as possible on their overpaid salaries. Typical aim, utterly disgusting, but so typical aim. Just remember the names of those involved in the management and steer well clear in the future, that's what I've done, seems to have saved me some dosh here.

Well, I do agree that these licences have the potential at this stage for a T1 copper deposit, or even two. But this badly run, with such outrageous admin expenses, and with so little cash left in the kitty, I simply think it is massively overvalued. If they replaced the Mgmt with adequate caretakers on say 100k a year, I'd be very happy to stick beer money in here for a punt, absolutely, as there's s absolutely nothing negative to say about the location or the licences. Nothing at all. But the management, shocking, vastly overpaid, inept, foot in mouth disease coupled with never learning from their previous mistakes, and arrogant beyond belief. If there's no money incoming shortly, I hope shareholders bite the bullet and replace nvs asap so they can salvage their shareholding, otherwise I fear it will be a case of lights out, and pretty soon as the situation is getting pretty dire cashwise. Key to restructuring this is to sack the management and reduce the cashburn by about 66-75% - there's no real need to kcb exploration imo, it's just an excuse for the greedy to keep their snouts in the 300kpa trough.

Lol even if this announcement was to be made next week it's questionable whether arc has the necessary cash to make it that long!!! All these people obsessing about the big picture, seem to have lost sight of the fact that arc probably doesn't have the cash to even survive now let alone do amazing deals and mining announcements!

So funny to watch all the little rampers suffering today as we see the company now out of cash and rapidly running out of options! No doubt Anglo are also aware. I wonder if the next news might be a very lowball offer to save the company from surviving by placing existing shareholders into oblivion? Note the rampers have nothing of any substance to say, so rather than talk about the company and its problems they just want to insult individuals. Always happens when it is becoming clear that a company is on the final slide to the bottom of the ocean! Fun times, I must get the popcorn so I can enjoy watching this...

So you've all paid out more than half a million quid in salaries to nvs and his cronies and they've achieved precisely what for you in the last six months?! They don't even have enough respect for their shareholders to issue any Comms as to Botswana, the Tingo debacle, or why the idiot who claimed this deal would be sorted in "weeks notonths" (about six months ago!) is still getting paid about a grand a day for achieving nothing! Nice one guys, you're all gonna be rich! Hahaha

Lol, it is rather more interesting to see how much cash this management team has forked over for the few shares they hold. They are clearly making a fortune from their overpaid six figure salaries all whilst the share price sinks and dragging out this supposed JV which still hasn't been completed! It must be almost half a year now since the clown in charge said it would be done and dusted in "a matter of weeks not months!" And no, that wasn't Anglo who said that, it was your very own nvs! So if the defence is going to be that things are out of his control, perhaps someone should tell him to stop telling lies to shareholders, since those are his own words, noone else's. No wonder so many aim gamblers lose most of their money when they continue to put faith in overpaid leaders who continually state things as fact which are completely false!

I would think that any long term holder here of any size and with a triple digit IQ would want to see the management here replaced asap with competent, fairly remunerated professionals so that they might actually see a return on their investment. But I enjoy the comedy routine of the usual suspects talking about how amazing things are at Arc! It's always a bad sign for shareholders when the BBs start attacking people personally rather than discussing info they disagree with, it almost always means that the "derampers" have the facts right and so all the rampers have left to do is throw silly insults.

Outofluck: I think from the way things are turning out he meant to say it will be years not months!!! What an absolute joke this share is turning out to be, most hopeless and vastly overpaid management team on aim, one of their only accomplishments to date.

One of the worst run companies on aim, and that is some achievement! The only people making millions from arc are nvs and his bunch of merry men, so no wonder they're always talking it up! Jam tomorrow, jam tomorrow (just keep supporting the placings so we can continue to pay ourselves out vastly inflated six figure salaries for destroying shareholder value!) And in fairness to nvs and his crew, there are a bunch of speculators foolish enough to continue buying into this jam tomorrow dream!