Member Info for DonkeyOatey

Worth reminding any newbies on here that the most latest lie from NvS was that this deal would be done and dusted "in a matter of weeks not months"! What was that, about half a year ago? Not enough information available for anyone looking to invest to make a decision about whether the assets are worth anything as there is no Jorc resource, but it's very clear that the management here are very poor and paid way too much for the nothing they have so far delivered for shareholders. (Cue hoards of LT holders coming here to say how much money they've made by holding arc all the way down from 8p to 3p!)

Greener, I will try as many single syllable words admissible to help you understand: if oil is $100 during a period of low economic growth, there will likely be no economic recovery until oil prices come down, since economic activity and oil price are correlated. In effect it will be choking economic growth, it is certainly not a case of "if oil is $100 in these difficult times it will be $200 when the good times come!" You seem to get some half decent information and then completely misapply it, rather like a football player I once knew who'd been a little drunk the morning of an important match and caught a cricketball which had accidentally been hit in his direction by the old boys playing the first team! He grabbed it and took off with it to try for a try with it, so to speak. Needless to say we never let him forget it!

"Although I do look forward to your comments (or disappearing act) when this comes in." You guys have been ramping about the big payday you will get for literally years now! It's always just around the corner. Sadly, around every corner seems to be another long brick wall with a corner at the far end of that, and it's always just around that next corner!!! Would be delighted to see you all get a big payday here, but I just cannot see it, since you have a group of very overpaid management who are making too much money feeding you the jam tomorrow routine. But more credit to them it's been working and you've all bought it for this many years, why not keep spinning you all that same line whilst coining in their six figure salaries at shareholder expense?!

As for the insults, I think you'd be better focusing those on the ramping crew here who have trumpeted this management team here for years, paid them literally millions of shareholder cash, and all that time the value of your shares has fallen down to 3p! Yeah, great job there. But, hey, if you're happy paying millions to lose more than 50% in the value of your shares then I'm happy for you! :) Why change a winning formula after all. If you can just compound that 4 or 5 times you'll have managed to lose nearly all of your money!

What a joke this company is. Literally years to agree a JV with anyone, and 5months after the "executive chairman" said this deal would be finalized in "weeks not months" still it hasn't been really completed! Says a lot about the calibre of the "executive chairman" NvS! Shares still stuck at 3p. No doubt some of the usual rampers will be out saying how incredible it all is, the only incredible element to arc is that people continue to believe what is said when nothing ever actually gets money into shareholder pockets! Lol what a great investment!!! Hahaha

Indeed, Cyril, for the sake of fixing this madness before too much harm is done, a very cold winter is precisely what is needed! Mr Upham has been pointing this out for as long as I can recall, and he is spot on! I saw a great speech by an Ozzie stating that the same generation demanding an end to fossil fuels is precisely the same generation which demands air conditioned and heated schools, frequently replaced electronic devices of all kinds, and more foreign vacations than all previous generations combined! Cake and eating it springs to mind. I am just afraid that the masses can remain irrational (and dumb) for longer than jog can remain solvent. But that's just a little pessimism because we are at the end of the week, jog is back below 200p and we are no further forward to fixing the UK's problems than we were (primarily because the country is composed of and led by a bunch to TINOs who are really greeny social democrats wanting free handouts all the time, and can't even bring themselves to identify the problems faced by the country let alone begin tackling those probs.)

Totally happy for you to prove me wrong! What is Arc's proven resource? What is the date for ground breaking for the new mine? Why isn't the signing fee from Anglo in Arc's bank account yet since the idiot leading it said it would be sorted in a matter of weeks not months, and that was about half a year ago! Why are Tingo shares worth about 20% of what they were recently? Come on then, big mouth, let's hear you correct me on all these lies!

Lmao the rampers want to talk about arc fundamentals? WHAT fundamentals? There's no proven resource, no mine building plans, no finalized joint venture, no drilling schedule. All they have is a few million shares in Tingo which are worth less by the day! Fundamentals and Arc, good one, needed a good laugh!!!

I think you're probably right about that. And I suspect that Mr Upham is just feeling tremendous frustration having grasped the huge value in jog so much sooner than everyone else, due to his understanding of balance sheets.anf accounting principles. Then having built a good sized position, it is then frustrating for anyone to see the market continue to remain asleep to the value proposition. Ultimately value will out, assuming no unforeseen screwups, since industry players in one form or another will be aware of the jog proposition, and if the market continues to remain significantly behind the value curve as progress is made, then a savvy player will be the Yang to Neo's Ying, and will snap up the other fifty percent (by buying the whole company, and retaining the neo farmout more akin to a JV). Just the ramblings of a jaded rat catcher who appreciates Mr Upham's well thought out and constructed contributions to our shared knowledge pool here.

Quite right, travel card, not a mention of who it is! Why would you not name an independent reviewer? Perhaps they aren't quite as independent as Tingo shareholders would like! I'm still laughing that all the major banks they claimed to have a relationship with have actually all confirmed now that they have no commercial relationship with Tingo. Says quite a lot really that they claim all of these building projects, all of which have been completely mothballed since the groundbreaking ceremonies, their claimed banking relationships are all denied by the banks in question, and their paper sales growth is being seriously questioned. Arc shareholders shouldn't necessarily be worried about the loss of value in Tingo (although it is actually Arc's only quantifiable asset!) They should be more concerned about what kind of leadership would accept as payment for sale of an asset shares in a fraudulent company (assuming the allegations turn out to be true.) It would certainly speak volumes about the competence of Arc's leadership. Talking of whom, Mr Closing-in-a-matter-of-weeks-not-months has certainly been very silent since he made those factually incorrect statements about half a year ago now! Perhaps he realizes that, like the boy who cried wolf, most people in the investment community realize how little his statements are actually worth.

Oh I'm aware neo are first class, top drawer people, no doubt about it. I'm just wondering what they see in the UK political environment which gives them confidence to invest hundreds of millions of pounds in the North sea. I'm reticent myself to consider even a further hundred pounds into anything associated with broken, bankrupt Britain! We do actually have some subcontracted work for the public sector, although Iike all things today we have to do it at arm's length, we think of them and their rats (mainly rats, in certain council properties you get some of the worst squalid conditions, and rats seem to feed off that) as our stakeholders, but sadly we don't have a silver bullet, even though we wish we had! :) No time for dog walking myself, but I did meet an absolutely delightful couple the other day, the gent's better half was clearly being taken on a brisk walk by eight legs, whether she wanted to or not! Actually one of the first people I've seen who dared to wear an "I love oil" t-shirt, no wonder he needed a couple of scary beasts at his side at all times to protect him in case attacked by the liberal lefties who aren't quite offended enough by oil to hand back all of the taxpayer handouts funded by taxing these evil oil producers!

The problem I see with this investing to reduce tax approach is that eventually those investments will, presumably, earn big profits. Those will then get whacked. Unless they then roll those forward with yet further investment. It's ok if you think the picture may improve later, so invest in the projects now, send very little cash to shareholders, and reap the harvest in a better tax climate in the future. But the way the Mt in the UK looks, much more cash will need to be stolen, I mean tax revenue generated, with each passing year. So to me as an investor it looks like a great opportunity to keep deferring the payment of tax which will ultimately lead to huge profits which will then be stolen by HMRC (His, JS, His) . What's the motivation to continue playing this game which only seems to benefit the UK coffers, I just don't see shareholders wanted to keep participating. Better to walk now, find a low tax jurisdiction, invest funds there, cancel the UK listing and move the corporate element to the USA. Obviously this is about North sea producers rather than explorers. Frankly I'm amazed neo see any point in remaining in the North sea, but am delighted that they do!

The double digit IQ scroungers have succeeded in getting the gvmt to kill a golden egg laying goose for a quick meal; let's hope to enjoy watching a long spell of very well deserved freezing weather for a few years, that should teach a few lessons.

JS, you do realize that HM Queen Elizabeth II passed away a year ago, don't you? It's now, His Majesty's R&C. As you might have said, "for gods sake wake up!." (Although I myself would probably have said, "For God's sake, wake up!"

Rather misleading actually - one of their listed investments, GMET, in which they have about 60% already has the largest undeveloped tungsten deposit in the USA, where the US gvmt has recently told manufacturers to prepare to abandon Chinese supply. Joining the dots is hardly difficult when it comes to what this will mean for Pilot Mountain! And given the high percentage of tungsten used in military applications it has a well deserved place on the critical minerals list. Incidentally, GMET are also currently working to expand the known tungsten and copper resources at pilot mountain. Just facts, not a ramp.

Roger, could I please appoint you as my agent to negotiate a rate per word/post/whatever with POW on my behalf, although it will upset you to hear that I'll use that spare cash to buy a few more pow shares!

Seriously though I am a bit sympathetic that you've bought in high when the balance sheet wasn't as attractive as it is today, and you've lost a larger percentage here than you are obviously comfortable with. The likelihood is, however, that if (when?) confidence returns to the sector the share price will outperform. Ironically though that will signal the end of POWs opportunity to pick of cheap projects to funnel through their model. So if I were a Wiseman and running an aim jnr, right now I'd be like a kid in a sweetshop where all the best fudges are on sale, doing as many deals as possible for rights. Then when the market recovers I'd be selling some of the spin out holdings at high prices, putting cash in the bank and deploying it to prove up 100% own assets. Contractor rates will be much higher then, but if we need cash beyond the spin outs our own share price should be much higher, and a small placing should easily provide the extra funds needed. Think about being a jeweller or used Rolex/omega retailer in a depression. Sure your stock is worth less than you paid for it, but if you can borrow a bit when things seem.desperate you can buy lots more rolexes at depressed prices to sell for a fortune when the next period of money printing, oops I meant economic growth, comes along.

I don't say pow is risk.free, not at all. Nothing is, it's aim, and things can go teets up in a heartbeat. But you seem completely unwilling to discuss examples you can point to of companies in this sector with more.compeling valuations, and I just don't understand why that is. I also ask myself why you are fixated on share price performance rather than examining the reports and accounts to see what value is being added to a business you are invested in? Share price simply represents a few trades in a miniscule % of the shares in issue on any given day.

Why is it you won't engage on substantive issues and give us your reasoning for being bearish? This is one of the better aim boards without insults and stupid comments (mostly) so any red or even pink flags which you want to raise in good faith and discuss would no doubt get a fair hearing, and you might be able to help inform the discussion or present perspectives which haven't.been considered before.

Instead of any of that, though, you just want to bang on about the daily share price on tiny volume.

If you think some of us on here have presented too rosy a picture, fine - explain to us why we are wrong, what would be a better metric or valuation method or commercial approach, and give us your list of negatives and risks with investing in pow, but could you perhaps try to avoid two sorts of justification:

A. Because all aim companies are corrupt

B. Because I'm down 50%!

Over to you...

"Give share holders a decent return on their investment too much to ask for?"

If you don't understand that, during "the worst junior miners bear market for 40 years", you will NEVER see attractive returns on discoveries and drilling results in junior minerd, then you are really invested in the wrong market to be frank.

Do you really not understand that a company should absolutely NOT be trying to manipulate its share price upwards, even if it could? Their job is to build the business, or operations and balance sheet, not manage the share price in an upwards trajectory.

Of course it's frustrating to see the share price lower for those who've held. But there seems to be a complete lack of appreciation, by a certain class of "investor", as to not only what is involved with exploration activities but also what is involved with the corporate activity. Some daft nelly says s/he doesn't care if they turn 1m into 3m, says it all really. They've a model for multiplying their investments by 3 or 4, so 1m can become 3m, then the 3m is split into 3x1m, which then becomes 3x3m, which then becomes 3x3x3m.

During a bear market you can do one of two things realistically: shut down exploration to preserve cash (since all explorers work on diluting to raise funds to explore) or keep putting lots of time and money into projects which will dramatically increase value when/if the good times come again.

Noone is more risk averse than me on aim, but I just don't see how pow is worth less than the current market cap. (SP is a totally different matter though, and those disparities between balance sheet value and market/share price are precisely where value investors make their money.) The co was set up by a CEO who owned 10% of the shares, many bought with his own cash, and took a five figure salary! So show me what was in it for him beyond ultimately sp appreciation?

I repeat the challenge to show any London listed firm connected to mining which has its so more than 100% covered by balance sheet assets, and is continuing with the formula which has successfully increased that balanse sheet every year? Any one will do, I'm sure we'd all love to know about such investments where you can buy £1 of balance sheet assets for less than £1!

Everyone loves to talk about buying low and selling high, yet almost always is too AFRAID to do it - too afraid to buy when something is at multiyear lows in case it.goes lower, and too afraid to see winners because they're afraid to leave money on the table. Start looking at balance sheet value and the buy low sell high approach becomes more rational and less emotional.

I could easily direct you to lots of aim junior miners which are trading 10-20x balance sheet value, some which have ridiculous valuations with zero quantifiable assets! Show me another, just one or two would be lovely, where the PB ratio is approaching 1 rather than 10+

Lmao there ARE no "findings" foolmar, that's the whole point! If there were any actual resources here, the resource could be quantified and valued. Good to see the Tingo shares have dropped to below $1/share, I wonder when we will be hearing more about Tingo and all their "assets" and non existent banking relationships (according to the banks themselves!)

Oh grief, knowing you don't drink yourself I hope they/she/he/it (I trust the reprobate specified the desired pronouns, even the NHS requires it now, i understand) didn't forget to remove it from their bag? No doubt it can be delivered should you suffer the unpleasantries again. Why don't you make your visiting nutter a jog shareholder, you'd be sure of a meeting at the breakfast buffet celebratory gathering, Mrs miggins might even send some chutney to aid the celebrations, we'd get a few more shares taken out.of circulation, and no doubt the individual in question would have use of the silver bullet such an investment could deliver? That's jolly poor form if the bu66er tried to lighten you of any of the finer items in your wardrobe, some people have absolutely no shame!

My own week sounds as though it was rather more fun than yours, having spent it in the delightful company of two individuals of quality, grace and integrity - one really cant ask for more today, and should never presume for even that combination of qualities in the majority of the population. Needless to say, the folks in question were rather a cut above, even their two youngest Louis and his extremely shy but delightful younger sister) who clearly had the parents wrapped around the proverbial finger!

You're up early/late, Mr Upham!

Lol Pete, so now you're admitting that the previous post about lying was a lie! Beautiful! Tells me a lot :)

As to Pow, it's at multi-year lows, every penny of the mkt cap justified by it's spinouts, tremendous potential with the largest London listed Athabasca licence area, and the insiders are adding to their holdings (and hopefully reducing Thor's holding). I just don't see what's not to like at this price, I confess I'm 3% down on this so far, but any swing in the bid/offer in a northerly direction and that will change. Perhaps time to use my birthday postal orders to increase even further my position! If this gets even halfway back to the previous highs when the mkt turns, I'll be delighted.

PC well you'll appreciate then that my birthday is exactly one week after the Assumption (or as we prayerbook Catholics, as opposed to Roman Catholics call it, the feast of the Falling Asleep of the BVM)! Might explain the rowdy gathering at the office yesterday in advance of my travels today. The men on my mother's side always went to Ampleforth and the girls down to the south coast just east of Brighton. Nothing whatsoever wrong with good Catholic stock, as you put it!