Member Info for DonkeyOatey

Not exactly, Seisnav, no. I wouldn't buy into a company with NvS involved myself. All I was saying is that when it gets down to a much more reasonable 15m market cap or about 1p/share them I can see that some might think it worth a bit of speculation with their beer money. Even if they prove up a tier 1 copper mine, they will have have a quarter share of something they can't afford to develop. So they will dilute you all to death to fund building the mine. In short not too much upside in this company with nothing proven to date and a significantly overvalued share price. I appreciate that you don't, presumably, share my view since you are invested in this company. I'm simply making clear my reasons for not investing here. Once NvS is replaced and the assets have some definite drilling results, then I can see it being something to invest in. Right now, no JORC resource, very poor Comms and a much too high share price. Just the way I see it here. I remember looking in on Eurasia in the fun days when it was going from 30 to 40p and plenty of people were saying it was overvalued. There was a small and determined bunch saying it would never go down and that it was only heading into triple figures. Just goes to show what confirmation bias can cost people.

In companies like Arc it seems the best thing to do is look at the track record (past actions and present actions) of the management. NvS was regarded by many as a failure at Bumi, and his communications here at Arc speak for themselves. My personal goal in future investing is simply to avoid ever putting money into companies with any association with two people, and NvS is one of them. Hence I wouldn't go near Orosur Mining, and having watched their shares collapse in price, I'm glad I didn't. Arc may well be worth a small flutter in the future, but for me it will have to go a great deal lower. I think 50m for a company which has no quantified assets and has struggled for years to get a JV off the ground is simply too high a valuation. It MAY turn out really well for those who invest at 3p, but I personally see a lot more risk to the downside from here, since most juniors with no proven reserves appear to be worth in the 10-15 million pound range, not 50m and the Tingo holding seems to be worth very little now. I hope everyone invested here makes a lot of profit, but any success looks to me to be a long way in the future, and highly uncertain. You only need look at miners like Eurasia to see how badly things can collapse, even with significant proven reserves which Arc certainly does not have.

It's a little bit rich to hear the rampers saying that the derampers have never had the answers! Every statement including timelines for the deal, from the usual ramping crew, has passed with no deal coming forward to shareholders, and then they just start their ramping again with a timeline a few months in the future and so the pattern continues over the years. So far every deramper who has been saying no deal has been correct for the past 3 years plus, and every ramper giving their next week, next month, etc predictions has been completely wrong! But apparently the derampers don't know what they are talking about. :) Lol

All we shareholders need is for the share price to double and we will be back to the previous highs. I freely admit that I am a little bit tired of this rollercoaster. At this point I am wondering what will actually cause a sustained rally for JOG's share price. Neo obviously know what they're doing, and have a great leadership team, but I wonder what the need will be in the future for all of our well paid leadership team once Neo are running the project? To me, in my circumstances, a quick sale of the entire company would be preferable.

Have people on here done any research about Tingo? From what I have read online these last few days, it is starting to look as though it might be a big fraud. If we've been had with these shares, I sincerely hope NvS will take responsibility for it and resign.

Indeed!