Member Info for DonkeyOatey

So much for "early June"! Why anyone ever believes a word this bod announce anymore is beyond me. They've made more RNS announcements which haven't come to pass than any other aim company I've ever followed. Just unbelievable. They'd better hope that they get a way to sell this company to someone for any price, because noone with a triple digit IQ would ever invest in any company led by directors who have proved themselves so incredibly unreliable over such a long time frame as these directors have. Anyone remember the updated JORC to be released "shortly" according to their own RNS, and it still hasn't appeared? How many years ago was that little lie told in an RNS?

WB, perhaps take some of your profits here and invest in a dictionary? You could use it to look up the definition of equitable! A malapropism if ever I saw one.

Lol now that's really funny, Manx -you people will soon start sounding as daft as the Eurasia group, they've been doing this same routine for about three years, all the way down from 40p to 3p, they've lost more than 90% of their share value, and it's been "Burning shorts" apparently all the way down! (No idea how they figure shorters have lost on shares sitting at multiyear lows, at least the rhetoric hasn't become that deluded here yet.) The arc dreamers are fortunately only down from 8p to 3p, so only 60% loss of value for you guys! Oh the comedy gold on aim, you just couldn't make it up! But hey, you're all going to be rich from arc, haha. Only people making a killing from arc are the directors, all whilst destroying the value of your shares. Thought perhaps people might be a bit more awake on aim in 2023, I guess I've finally found a corner of England unsullied by the woke.

Reassuring to know who the big seller was, but interesting that this RNS indicates that the company hasn't actually been notified by AB regarding his holdings. It's a pity that there are no consequences or penalties on LSE for failing to notify when required.

Well, any drop in the bid whatsoever, and this will be into the 2s! Seems peggycilla was right all along. What a complete shower this bod is.

I meant to say that I am rather confused about one thing - since the farm out with neo is now in the pd, I wonder why the wealthy people behind don't step into the market and buy jog shares? It's currently trading at less than half the value their fo deal values jog at, so why not mop up a few hundred thousand shares to lower their cost base even further?

"One day someone will wake up and steal this company from under our noses and we'll all say, with the SP at £4"

Wish they'd get on with it! They could start by mopping up what's freely available in the market, it's not as though they need to worry about paying too much with aim minimum premium requirements, since I doubt the big holders would approve a t/o at anything less than 4 or 5gbp per share anyhow. If I was looking to steal this company, I would be building a stake out of these extremely cheap PIs sells to start with.

Given jog share price's previous performance, I wouldn't be surprised to see this end in the red, in no small part due to the environment created by our idiotic government

Much truth in what you say, toffers, but actually the real problem was the Blair period - major handed over a balanced budget, Blair then went on a buying binge to buy votes, and once a major political party is willing to do that, it is almost impossible for any gvmt to reverse course, since the electorate will always vote for the biggest handouts. Labour handed the Tories a bankrupt economy, remember the cute treasury note that they'd spent all the money? You're correct that fixed rates will take time to feed through into the equation with mortgages, but the reality.id that falling house prices make people feel poorer. So they tighten their belts. The smart ones then put that money towards paying down their mortgage faster so the rate hike bites less when their loan reverts to market rates. But credit card and consumer loan rates are normally floating, so the pain there is much more immediate and effective. The really effective part is when it starts biting in the commercial world - industry quickly adapts, reduces expenditure, halts all discretionary spending, lays off employees, freezes hiring. This accelerates the process of defending the overheated economy. We would be in a much better situation if we had not provided covid support to people, not shut down so much, and just let businesses go bankrupt. The capitalist model is reasonably efficient at allocating capital, even in down periods. It is external meddling which really screws things up, as Reagan said the nine scariest words in the English language, "I'm from the gvmt and I'm here to help!"

Summit, you appear to acknowledge the source of the problem - supply constraints, or simply put, too few goods. In a supply and demand economy, all price inflation is a result of excess money being available to bid up the price of goods, almost always because of a lack of supply. This can come out of alignment for a short period - retailers can keep prices high for a while if people aren't buying due to a lack of funds, but it doesn't last for too long since retailers have bills to pay and if they don't have sales they soon go bankrupt, and then the stock is sold at large discounts during liquidation. Increases in money supply without a similar increase in production/product availability always lead to inflation. There's simply no way around that, and more than a century of economic data proves this to be true. And interesting approach to measure price inflation is to look at the price of goods in terms of gold, which has retained its purchasing power over the centuries. Yes, the rising rates risk bankrupting the UK, but taking money out of the economy and thereby causing a recession is literally the only way of reducing the rate of price increases, aka inflation. Bond sales are the way we fund our political demand for unaffordable spending pledges for vote buying by the professional political class, and are far from secure investments, just as the former board of SVB! Only a fool would buy bonds from a government (or any entity) which habitually spends more than it takes in from tax revenues. The US is in a much better position than the UK re bonds/gilts, since the US has sold most bonds to the Chinese, whereas the UK has sold most gilts to UK pension funds! So when it all blows up, the US will give the finger to China, and the UK gvmt will be giving the finger to UK pensioners! Brilliant...

You may be right, sol, I certainly wouldn't bet against this being a success. At this point, however, I don't feel there's enough information for me to bet on it being a success by taking a position. I am not really a spread the risk kind of guy, so like to just take a few positions in companies which then represent a large part of my portfolio. But if I was managing the size resources as Rick Rule I would definitely include pow in a.specuøative portfolio

Summit, other than raising interest rates to fight inflation, what other options are left to HMG? I'm sure sunakhunt would be delighted to accept the charges if you want to call and inform him of a better idea! I do agree with you that the whole situation is idiotic, but it was all caused by sunak - he printed massive amounts of money during covid, and who knew that when you have a huge increase in money (covid printing) chasing fewer or the same quantity of goods (covid lockdown production collapse) you would get runaway inflation? It's not as though that is the classic textbook case for inflation! Oh, wait, it is, you say?? So now pretty much the only option they have is to cause a recession by raising interest rates to destroy demand which they hope will lead to falling inflation or perhaps, if we're really lucky, a short period of deflation. Will it end well? Depends on whether they hold their nerve and keep raising rates to destroy demand. If they try to print their way out, we can look at Zimbabwe and the Weimar Republic to see how successful that normally is. The country is between a rock and a hard place, and has been put their by utterly incompetent Tory ministers (and I say that as a now former-lifelong Tory voter.) God help us if we need to look to Labour to restore an element of economic soundness to the economy. The good/bad news for the Tories/country is that all of the noises coming from Labour indicate they intend to complete the job of commiting national economic suicide, something of a pyrrhic victory for anyone remaining in the T party.

Thank you, Sol. As it is only on my watch list for now I don't pay too much attention to what's happening at the minute. I would be thrilled to see this rocket upwards and you all make a huge profit. I personally think Paul's departure was a massive loss for the company he built up with the intensity and determination of possessed demon. But of the new chap looks like making a good first of it, I might well invest. Too few real aim companies out there for investment rather than chart trading, with s bunch of lifestyle directors taking out the cash. I always assume that to be the case until proven otherwise. Paul was obviously not like that. I'm waiting to see what Mr Wade delivers before investing, of course bringing on Rick Rule is a feather in the cap of whoever is responsible, be it PJ or SW.

For once, I find myself agreeing with LSE posters - of course it is appropriate to RNS information concerning companies in which they have large holdings, not just for compliance purposes but also because it is, naturally, highly relevant to POW holders to see the progress with potential value drivers for the business. Pilot mountain already has a useable Tungsten JORC but if they do increase

the Tungsten or copper in place substantially then it might actually be something which would give some upward movement to POWs shares. (The gold at Tati might one day come good, but it's been quiet for so long now I am wondering if any work had actually taken place there in the previous months.)

Can't see any big share price rise here, a la GGP. Why would they? They've not discovered anything commercial on any of their owned licences despite spending millions on drilling. At some point they will probably need to do another raise to drill one of their projects just to keep the company going for another year. Mustn't let those director fees and salaries risk drying up!

Fuku, I have zero doubt about Anglo's ability to turn the drill bit in just the right way to get the best possible results. But, as I indicated, I don't believe NvS and co will actually be able to pull off this deal. They've not delivered so far, and I don't believe they will ultimately pull it off.

Let's say, for sake of argument, the Anglo deal comes off. What's to stop NvS and co from rewarding themselves with massive salary increases with the cash? And yet more options? And if that doesn't destroy the prospects of the company left as a lifestyle co for your glorious leader (just humour me in this hypothetical) then Anglo hit splendid grades and find they have a T1 asset. Then what? Do you really think Anglo will then just hand over a quarter of the NPV of such a mine when they know Arc has no way of funding it through to production? Or do you think, as I do, that you'll get taken out on the cheap, having been left to bear all the risks of failure and being ultimately robbed of the real prize if it ever gets that far? My guess would be you'll walk away with about 200m in the best case scenario, about 15p/share fully diluted. And what if Anglo don't discover a T1 asset on your Zambian licence areas? You'll be worth a lot less than the current market valuation with no hopes of anything improving, and a lot of six figure employees. (Any smart investors in Arc, if the deal is ever actually completed, should simply remove NvS and co and put the management into care and maintenance, since this Botswana project looks to me like an excuse to justify their salaries whilst Anglo do they work on the only asset which is of real interest to investors.) As for better opportunities, I think BMN, GGP and EEE are all vastly superior propositions depending on what stage you are looking for.

I would like to see them do a deal with someone for great prospective assets in the battery space or even uranium (there's very little uranium exposure available in London - seems like POW is the only exploration prospect, or Yellowcake if you want a warehousing operation.) Or a small, commercial deposit to take into production to produce cash.

I would especially support reversing a top quality asset into Arkle, a big raise for c.10-20m (with a plan to invest it all into either building a mine for a proven resource, or exploration drilling) and we get going. I see Stonepark going nowhere fast given G11's/Glencore's focus on G11's 100% owned assets rather than Stonepark.

John Teeling needs to do something dramatic here to put a rocket under this, because gold and lithium in Ireland are not going to set the world on fire for Arkle.

Better to own a much smaller slice of a mouthwatering pie than a bigger slice of a decaying, stagnating pie casing!

Yes, peggycilla, it is strange the investors are not the people most concerned by such problems. I can only assume it is down to confirmation bias - they did their research in the year dot and refuse to be swayed by anything subsequently. It's probably why so many PIs lose money on their investments. Arc probably looked a lot better to people when it was a hot prospect with multiple majors expressing interest in a deal. Time, years actually, has given the opportunity for more realism on the part of those who aren't fully financially and/or emotionally invested in Arc, and the constant lack of delivery and poor comms is probably why it never spiked back up to 8p on announcement of Anglo's agreement. I suppose it could be worth 10-15p in 10 years or so, but there's not much hope really that a management team who've failed to deliver on so much for so long will ever actually be able to pull this off. Let alone deliver long term share holder value. I can think of many better mining propositions than Arc at the current share price. It would be nice to see investors make a good profit here, and as such am always hoping to be pleasantly surprised, ie wrong, for the benefit of holders. It's very sad that on this lightly regulated part of the LSE there is much more failure of companies than moon shooters.

I do not understand where the available shares have come from for this to have been falling whilst large amounts are bought? It seems to me that perhaps one of the bigger holders must be offloading, bit failing to inform the market. My money is on the mysterious tr1 Mr Bachelor having jumped in for a trade, got bored and unloading. I can't see PJ selling here at these prices given what he paid for his holding, and his understanding of the strategic value of Arkle's share of Stonepark. Couldn't resist a small purchase myself, although I am in the dark about what progress can be made with minority holdings of Irish assets. I doubt Glencore will open the chequebook until they know what G11 have on their licences. There's not much reason for them to do that at this stage. It's starting to seem more like a cash shell than a mining company, but with a 1m market valuation, I don't see much downside here.

Maybe they are "considering" another FSP, because we all know how well the first one worked out for shareholders!