Member Info for Ella10

Xeiger,
I would expect that to be a very definite advantage - if CB can find someone appropriate.

I wonder how the cash in the company is looking. Nick said Rothschilds was on a success based fee - this is likely to to have defined fee plus a fee based on a successful conclusion rather than as some have been saying a no deal no fee. I don't think a placing would be very well received at the moment!

Hi Careful,
The additional block listing is well disguised by the title of the RNS. I am NOT twisting the truth!!! Perhaps you need to be a tad better researched...
https://www.lse.co.uk/rns/ARCM/change-of-accounting-reference-date-26cgs2dw1v6vqnc.html

Hi Dartron,
Obviously I can't say for certain if it is warrants. LSE is double printing trades so it is not quite as grim as it looks. Out of the 188m warrants in the Feb block listing nearly 57m are 3p warrants so would still be in play. We SHOULD find out how many have been exercised in the next 3.5 weeks via a six monthly return. My guess is that some news (ALL overdue ) is either about to be issued by ARCM in an RNS or is about to come into the public domain via other means. It is just an informed guess. It may even be that they know the deadline for the six monthly return is approaching and they know that sight of the warrants exercised will have an additional detrimental effect on the SP.

Not exposing the warrant holder to risk of financial loss.

Teaye,

I am assuming these are the warrant block listing. Warrants tend to be exercised and sold immediately by the broker - so therefore not the warrant holder to a risk of financial loss. Although they are the option to buy they will generally only be exercised to be sold immediately. This is my view and other folk may have differing views.

Are all these sells a major attempt to exercise more warrants before news drops? I'm guessing some news will appear this week. Assuming this is warrants then the good news is if this drops below 3p all the warrants will be out of play but I suspect the broker is well aware of this...

Thanks all.

Mr Bird,
Assuming we hit mineralisation with the drill can we please have some photos of the drill cores sitting in their trays. Along with the announcements on progress.

Steve,
I did listen to the interview but can't recall if it was confirmed we would get told when the holes completed?

Thanks D220,
Was that in the interview that I still haven't listened to?

I assume (possibly incorrectly) that the blue dots include phase 1 drill locations? Is there something significant in the fact that there appears to be a 3rd hole being drilled from the location of previous holes 5/6 *or (4/5)?

I would liked some of the additional info in the podcast to have been included in the RNS for easy future reference. I think they could put some of the diagrams from the presentation on Twitter seperately.

I assume our next RNS will be when the collar casing is installed in the sands layer?

DC,
Did you get assistance in locating the neighbours?

Thanks Xeiger,
so the lower grade requires a much larger processing capacity to be economical and therefore higher CAPEX?

I think k if Kopore agree to shares for the purchase then that is a positive sign. The cost for 75% of the licence does appear quite high but it is a popular area at the moment. I would have expected we would have now signed an SPA which was the ARC RNS point for triggering the VWAP however the Kopore announcement suggests this is not the case.

I haven't had a chance to watch the podcast yet. For the uneducated could someone clarify what all counts as Capex? TO me CAPEX appears very high in the RNS. The following Shard note gives the Capex for Sandfire and Khoemacau in Botswana. I realise we are talking totally different countries and totally different grades - what else means a higher Capex will be required?
https://galileoresources.com/wp-content/uploads/Shard-Capital-Galileo-12-7-2021-R.pdf

Was it not a very poor interview he did for Xtract?

Gixxer raised the issue of him still being on the books a while ago. He's been very quiet lately?

Brilliant progress! Those numbers are phenomenal given that they seem very conservative. Even at a very conservative % in the ground value it's looking exceptional. Here's hoping all the prep is proved correct.

We should get an update on Sandfire licences this week as we will reach the long stop date. Hopefully this will include an update on drilling in Botswana.