Member Info for Eloro

I read somewhere that FQM bought Kalumbila with 0.5% cu for $260M after only 8 holes drilled. ARC could be taken out by a major at anytime based on the massive sulphide drill result, publication of assay still pending. Normally, drilling would have started and first holes results published by now. Fact that no drill news released to date is a positive. I think that a deal is being worked on. Patience.

I expect a sale or a jv given the effort made to sell Casa, with the massive sulfide being the deciding factor. With the global economic damage caused by corona, and the fact the 5M from the sale of Casa will not be payable until next March, raising capital could become problematic. A sale or jv would be a solution.

What happened to the Sinosteel cash which was going to be distributed to shareholders?

My main concern regarding 2021 is that liquid could dry up due to the virus, and commitments made during good times may have to be evaluated in the event that the investors may need to reallocate cash in order to keep their businesses going, businesses which could have priority over Arc. I do hope that they will remain committed to Arc and continue to view it as a tier 1 investment. I am confident that the BOD will be on the ball and will have planned appropriate contingencies.

The casa deal was made in line with the company's stated objective of becoming a pure copper focused company, and also to please interested parties who do not wish to do business in the DRC. The deal is a strategic move to achieve a more lucrative outcome in my opinion, which is to sell the company. With the current climate, the company cannot be sure that they will still be able to raise capital for a 2nd drill season in 2021, especially if corona becomes annual and there is still no vacine, the pressure will be to sell rather than fold due to lack of funds. 2020 will be a turning point for Arc IMHO.

It shouldn't require 6 weeks to clarify a business relationship. So either a deal is being made, or the authorities doesn't like what they are seeing!? During the wild SP ride, exercising warrants was the priority, so it would be welcome to see Investor Relations being given the same priority during the suspension.

I agree with oNCo. The company is focused on becoming a pure copper play. Great effort has been made to sell casa to achieve that goal in order to satisfy interested parties waiting in the wings. The end game is to sell the company as stated in the Crux interview, and also by Remy. The question now is will it take 1 or 3 years to complete that sale? Given the current global economic conditions, it would be sensible to complete a sale well within the 3 years time line.

Bought in recently. The recent CLN and gold asset sale were inspired actions which should enable the company to weather the current market turmoil. Without this recent cash injection, the situation would be worrying. Looking forward putting covid-19 behind us, and the start of the new drilling season.

Lovely to see EUA blue in a sea of red!

Spotted this bargain and filled my basket. My buys shown as sell?

A 3 weeks long bender? AA services may well be required!

Being a new small investor in EUA, even 50% would put a smile on my face.

Hopefully the share will be tradeable by next week. Fingers crossed.