Member Info for Early_Bird

"US$882m pre-tax cashflow generated from initial 17 year mine life utilises just 25% of the resource, which remains open in multiple directions offering significant further upside"

Capex just $38m

Stonking project,the time to buy is when its quiet, traders now moved on

13m

about 30m volume has been through since 1st. Think hes gone, books Is much better this week

"Jonathan de Thierry, an Arc non-executive director and one of the founders of Casa, has informed the board that he intends to resign from the Arc board on March 31 2020, following the disposal of Casa."

check the bottom of the most recent RNS.

I did some enquiries via my broker as various ppl wanted to bid seller. Last week there was a chunk available this week doesn't seem so which leads me to believe hes done.
His directorship terminated on 31st March, huge sells then appeared on 1st and 2nd of April, he was the guy in Charge of CASA, he is in SA and theyre all in hard lockdown out there. Wouldn't surprise me if he was under financial stress atm..

Last weeks seller was Thierry, ex director that good the boot, now been cleared out

https://youtu.be/IaX-EwZcMOw?t=22

Great video of CFO Remy giving a presentation sales pitch at Mining Indaba Conference Battlefield where
ArcMinerals came second this year.... last year the runner up managed to secure $180m financing

Yep already seeing some big M&E in Ghana in the gold mining sector...

https://smallcaps.com.au/ibaera-capital-bypasses-azumah-resources-board-takeover-bid/

https://www.miningreview.com/west-africa/nordgold-makes-offer-for-cardinal-resources/

GRL sat on an Elephant.

crazy really, this is currently valued the same as a minnow explorer with a blank canvas licence and some grades that are 5 years + from production on some remote far flung non mining friendly jurisdiction.

Here we are 6km from worlds largest gold mine, own two previously operating mines with grades as high as 2 ounces per ton, and we are fully funded now to get in to production!
The key though is the two supportive shareholders, they are supportive like nothing ive ever seen on AIM miner. To the extent not only self fund but also they can pool their resources from their other mines, this reduces capex a hell of a lot. Between them have build 29 successful profitable gold mines, one is backed by a Filipino billionaire and the other is the largest private contract miner in Africa. They know an Elephant when they see one

dont mind if global currencies crash as we can just turn up to Goldstones licence with a bucket and spade and claim our gold nuggets haha.

Gold certainly the safe haven and place to be with all this money printing and uncertainty going on.

Let the seller strangle themselves at these stupid prices.

Likely the director that got the boot Thierry who had 13m shares.

Once he's finished will load a fair whack in

Gold price here SRB are throwing off more cash than ever, 2020 set to be a record year.

Yep read it about 5 times and each time wrapping my brains about why the huge drop. Clearly someone cant read or margined.

Nicely reassuring interview here:

https://www.brrmedia.co.uk/broadcasts/5e7cdc7813bacc32cfd66d8b/serabi-gold-issue-of-the-2019-financial-results-and-update-on-operations

Key
- No concerns regard Greenstone US$12m Convertible Loan Notes
- Still expect deliver 40k oz guidance
- Still operating as normal (re coronavirus)
-Debt free as soon as June

Great article thanks for sharing

Distressed seller working at the moment. Watching closely, I have a lot more to add here but ill wait for the seller to strangle themselves first.

This is in a fantastic position and near lows... expect it to be back over 60p in short order

I know about 4 people who want to build positions here but the market makers are not allowing any buying at all. They are getting NT apparently even for tiny trades.

My guess is MMs here are short, they sold stock they don't have and are using these criminal tactics to stop buying and wait for sellers to come in to close of their net short.

Anyone contacted the company Nomad? I think this needs investigation

Looks way oversold now

Agree this is way oversold due to someone being margin called.

Looks to be bouncing now

DFS due this week.... looking very encouraging indeed.

5p+ on a solid DFS IMO

thoughts?