Member Info for DonkeyOatey

Yes, I do agree Roger that pow are years away on their uranium portfolio. The beauty of the model seems to be that the spinsouts all crack on with their own funding and management whilst pow focus their energy on the best of the portfolio which they've retained. Mining companies think in decades, it really would pay most PIs to think in such timeframes as well. Rather than hopping from one in sector to the next, always catching the tail end and selling out because of a lack of patience, losing themselves money. Oil and gas is just the same, and biopharma is even worse because those things absolutely eat money in r&d costs constantly. If you've the patience, pow are clearly looking to deliver massive returns but over a long timeframe. If you want short term smaller returns by the majors for their dividends. If you want a 12-18m play in oil to double or triple your money with limited risk, try Jersey Oil and Gas.

Is that the same JN who sees Eurasia as such a massive success he's departing the company? Lol

The gold grades looked good, although the lithium results were a joke. But Ireland is not to my mind the best jurisdiction today for permitting and mining. I would prefer Botswana or zambia for Africa, but beggers can't be choosers.

I don't think people need to worry about toffers' reference number. You would all do much better to make your own individual complaints directly to the serious fraud office, since it is quite clear that things are seriously wrong at EUA, and perhaps with a little immunity, someone like JN, since he's departing, could be persuaded to testify as to what has really been going on at Eurasia.

Cliveas, how do you know that Teeling hasn't been active trying to market Stonepark? He knows the value of that asset better than most, I should say. I would suggest that the inability to do a deal for Stonepark is much more likely because G11 won't play ball, and why would they with Glencore owning 20% of G11? Stonepark will, one day, be worth a good deal. The problem is that they need a cash generating project in the meantime, since it could be a decade or more before Glencore decide to develop that while area. I don't blame Teeling for the lack of Stonepark action, but I do agree that pursuing those gold and lithium projects in Ireland is a complete waste of time and money. We need a good project to reverse in here asap, do a big raise and get cracking with it. Perhaps if we can't find a decent project the approach should be to pick up the phone to Glencore, offer them our share of stonepark for a few million in cash, distribute it to shareholders and then make the company a clean cash shell to reverse absolutely anything into. Perhaps pharma? Perhaps AI?

"but if that was the.case with neo wanting the lot, why didn't they just offer the same terms.for the remainder"

Well maybe they did, we just don't know the detail of the discussions.

Sorry, but what possible reason would there be for Jog to have turned down the opportunity to have one farm out partner of the calibre of Neo, on the same terms for the whole thing as they agreed to for half? There's absolutely no benefit to jog in having to go casting around for a second, non-operating fo partner for the remainder. It just wouldn't make any sense. "Hi, JAB, we'd like to offer you a twenty percent free carry, we'll put up the entire capex and give you tens of millions of dollars in return for 80% of the asset." "Thanks, lads, that really sweet of you, but why don't you just take half? It'll be a useful diversion from the daily hum drum of the office if we have to spend some months beating our heads against a wall trying to get equally good terms for the smaller part of the deal with a second partner, and besides who doesn't enjoy complicating the operational picture by adding a third party?" Hmmm

Nornickel??

I suspect that they do not want to release the kcb results because they are bad, and will only put them out once they have a new asset ready to purchase since without that their lifestyle jobs will come to an end. It's clear that if this deal completes and anglo take over, the arc gang will need something to justify their salaries whilst Anglo do all of the work. I shine shareholders in arc can look forward to an endless stream off failing assets bought with any Anglo cash in order for NvS and his merry men to have some way to justify their salaries. The best result for arc shareholders would be for the.deal.to complete, and them to sack all of the current management

I wonder if they will go the popular aim route, for failing companies, and announce that they will be unable to provide the annual accounts on time? I cannot honestly think how they will get the beancounters to sign off on the going concern element anyway, since they are running on fumes, assuming there's anything at all left in the tank, and even without paying JN his generous salary into the future, they have a bunch of other parasites to pay on the bod. Seems either a highly dilutive raise needs to be done, or there won't be an EUA next year. Just my opinion.

MPO, it's a nice idea, but if that was the.case with neo wanting the lot, why didn't they just offer the same terms.for the remainder of the fo themselves to secure as much of it as possible? Presumably they were satisfied with the terms of the current 50/62.5% deal, otherwise why do it? So if they'd really wanted amap why not offer the same terms to secure the remaining available percentage? Doesn't make sense to me, but I am no investment banker or oil/gas executive.

Good lord, Mr Upham, I've just opened the thurnberg month link - greeted by a face like that for 28 or 29 days of each February, we should be able to save the nation a small fortune by closing down the maternity wards for most of November each year. Even if only for the "pregnant women" half of the supposedly child birthing "pregnant people" population. https://m.youtube.com/shorts/Hy89wPlQXrI

It's funny you say that, surety. I personally do not understand why this isn't of interest to the money boys. Neo are an excellent group to be operator of the field, and now by purchasing jog and stumping up 37.5% of the capex they can enjoy 50% of the income. But for our idiotic political lords and masters I would say this is a no-brainer, as our American friends might say. I suppose we need the FDP to put meat on the bone, and then we will all be able to value jog on the usual npv10 basis.

The supercharged stupid! Fantastic! This is definitely one for the next staff meeting at work... I might even be able to work it into one of the daily conference call debriefs!

Yes, Mr Upham, the picture is not great for the UK in general. And I agree fully with your sentiment about shareholder value, I just hope that we don't see a certain CEO hiking his salary for more shareholder value delivered, it would rather add insult to injury in my eyes.

Well we now have the bid in the 2s. Let me be the first to congratulate Peggycilla or Ella or whoever it was who predicted this heading into the 2s. Let's hope for the sake of investors that it stops in the 2s (I myself think it is worth little more than 1p per share, but I am under no illusions that the market will ascribe a rational valuation to Arc in the near future, given how absurdly overvalued it has been in the past.)

I'm not going to buy into pow myself, at least not yet. But the research I've done into their åast and present leadership certainly indicates to me that they are a pretty serious and capable group of mining executives. PJ has been involved in refinancing a number of players over the years and during his time at metal tiger, eg GGP and EUA. And the metal tiger deal with sandfire for t3 was pretty transformative. It's a great pity that he's no longer pow CEO because of these family circumstances, but his replacement is no slouch either and has bought 100k worth of pow shares with his own money, so obviously sees a prospect to make good money, since there are plenty of other incredible bargains in the junior mining space where he could pretty safely have put his own dosh at the moment. Having said all that, I think I've just talked myself into chucking in 5k this coming week just in case these are the lows for pow. Will sleep on it and see if it still sounds compelling during the coming days. Either way, best of British to all the pow investors, nothing makes me smile more than seeing the small private investor making a big profit in the shark infested waters of aim.

So, having given what I view as being the downside here (and I think it's pretty significant) for the sake of balance, why doesn't someone give the best case economic scenario? Would I be right in thinking that basically you hope for two T1 copper mines, worth say two billion dollars each, so about 25% of four billion dollars, or around 800m pounds net to arc? What would that be, around 70p per share?

The idiot environmentalists don't seem to understand that oil is going to be necessary for many more decades unless we slash living standards in the West and build hundreds of nuclear power plants. And that it actually increases CO2 emissions to shut down NS production and ship oil from Saudi Arabia or LNG from the USA! I won't even get started on the necessity of CO2 for plant life, or the fact that without "climate change" mankind could never have had our few thousand years on planet earth. Depressing to think how ignorant most of these virtue signalers really are, unable to do anything beyond parroting the greenie talking points, and yet they are lauded as earth's saviours by the sheeple in the majority.

JS: I get your point about Liebour, as a friend of my me calls them. But the markets are not that forward looking - the problem jog has is the environment created by the jeremyhunts in the Conservative party who appear intent on stealing from the rich and moderately successful in a futile attempt to buy the votes of the irresponsible and feckless (who wouldn't vote Tory if sunakhunt gave them each a million quid, but the Tory leaders of today are too stupid to realise that.) Rant over.

I suspect there's a lot more downside to come here - the Tingo shares (10% of market cap just last week, and the only assets with any really quantifiable value) now appear to be almost worthless, no Anglo deal signed (was just weeks away, some months ago!) But relax, NvS and his crew of merry men are still receiving their generous salaries every month on the dot as the share price drops every week without fail!