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I'm a bit surprised that people are changing their opinion on this company just because results are late. As well as covid there will be a lot going on in the background. Nick has said many times he has no interest in putting out news just to keep people happy short term. The only people that benefit from this are traders.
Despite there being no grades the 21/09/20 RNS was significant for me. 'These initial holes confirming the interpreted anticlinal feature and intersecting both oxide and sulphide mineralisation'.
Patience will return big rewards here.

Posted on ADVFN.

In respect of operations, one of the most frustrating effects of the pandemic has been the unusual delays in laboratory turnaround times (TAT’s). TAT’s (thus drilling results) are running into months as opposed to weeks. This makes modelling and drill-planning difficult. In order to counter this, we are moving our rigs around/off projects whilst we wait for results and build the models we need to guide the drilling we want. It is not for me to provide investment advice, but on behalf of our industry I would caution investors not to read too much into slow news-flow, we are simply not receiving analytical results as quickly as we would like.

https://www.royalroadminerals.com/news/2020/investor-newsletter-october-2020-exploration-update/

Anyone concerned by this relatively quiet period for news should listen to Nicks comments from the first 5 minutes of the 05/06/19 conference call available on the company website.

While Anglo exited its Zambian copper mines more than 16 years ago, a four-fold increase in prices has spurred the company to reconsider the prospects. The mining company is also more at ease than its rivals with the tough tax regimes found in places such as Zambia, said Ben Davis, an analyst at Liberum Capital.“Anglo would like to have more exposure in the region but first they have to find the assets,” Davis said.Looks like they've found those assets. https://africanminingmarket.com/anglo-finds-returns-outweigh-risks-as-miner-renews-africa-focus/2928/amp/From a couple of years ago. Nothing we don't already know but a nice read all the same.

Well said Hiblue. We can all have opinions on an offer price but the fact that full dilution is about 1.3bn and we own 70% aren't up for discussion. It looks as though a lot of people are going to be very disappointed when they realise this.

No one seems to think this is an option but maybe Anglo aren't commiting to a full takeover. A JV would be beneficial to both parties. Arc get the benefit of Anglos old data, money and the expertise of David Wood.
The plan could be to drill out a lot more of the licence to really see what's there. If Anglo then decide it would be worth a full takeover they have that option. Otherwise it could potentially be sold on to FQM, Barrick or whoever else might be interested.

Very true. I've accumulated almost 4m shares now. I had no intention of getting anywhere near that amount but I just can't say no while the price is where it is.

I've given up predicting short term price movements. Every time we expect a rise it let's us down. Waiting for the 'commercial transaction'.

Nick said in one of the investor calls last year that larger investors would be locked in for a period of time but I haven't seen any details about when that period expires. Curious myself.

I must say I've found the apparent lack of interest strange given the potential.

http://www.arcminerals.com/news/rns/rns-details/2020/Arc-Minerals-Limited---Warrant-Exercise-35f260dc5/default.aspx

Aprogerson it was Barricks Lumwana mine.

Riosurfer I disagree that $260m would leave us with 20p. Consider warrants and the fact that we don't fully own the licences.

Fulmar any link to the article or podcast involving John Meyer?

I was very confident it would be a full takeover but having seen Nicks latest comments it did make me think.
It would be in AAs favour to take us out now but Nick might not believe it is in our favour long term. We have a lot unexplored targets. If we sold now for say $500m we could potentially be giving away an asset worth several billions. It may be better to do a JV and explore more targets.
Having said that I still think a takeover is more likely but a JV is a serious option.

Anyone think a JV of some sort is a possibility?

https://www.miningreview.com/base-metals/arc-minerals-making-strong-headway-in-zambia/

That big buy at 4.8p looks like a good sign.

Definitely due a move up. Hopefully that's the last of the 3s

I can't remember the exact wording from the conference call but it was something along the lines of:

How confident are you that Anglo will buy the licences?

That is up to Anglo but they certainly know what they're doing?

That to me is as close as you can get to saying they will more than likely buy it without actually saying it.