Member Info for Fukurokuju79

Subject to the CPs as you say AA will want to drill this year and they've assigned contractors to evidence that intent.

Regarding wet season drilling. I'm not expecting them to, but it's not unfeasible.

Atb

You'd have to give me a little more information to share my view though Helx. What's your average here? Probably really impressive as you're clearly the investing prodigy.

Oh look at that, it's like one of your posts. 😉

Serious note though. I'd probably say, based on your posts, your average will be way too high to think about personally making a profit here. Just scrub it down as a lesson, gather up a bag of humility and perhaps find another company. I know there are people all over who need your help. The world is a beautiful place with good heated Samaritans like yourself. Makes me feel happy to be alive.

Oops sorry, I side stepped the serious note and did a Helx again.

Atb to you, Mr Helx.

I hope you recover your losses.

It seems time is something you have plenty of Mr Helx.

I'm sure you'll figure you're own route. Personally I've better things to do than further respond to your prods to keep you amused.

Is it a lifelong or a developed trait of yours to be closed and sarcastically belittling to anyone whose opinion isn't the same as yours?

I recall looking into the requirements for mining licences some time ago, after noticing the change to licence type. It did seem somewhat more involved (understandably) and I wasn't sure how they would achieve a number of the requirements. The specifics elude my memory.

I'm sure they'll have some confidence in achieving them and it'll be a positive if/when they do. I'd imagine AA will be well versed in such processes.

I agree regarding Botswana. They could get the assays done and leave the data analysis until later. That would seem sensible, as it would result in avoiding lag time waiting for assays after concluding the arcm deal. I can't think what would force them to analyse the results immediately after assays are returned, unless their is a time based reportable component to them, and they know they don't have the bandwidth to conclude the priority transaction with AA and meet the reporting after lab confirmation.

Atb

Legal, I don't think anyone other than PB can meaningfully answer the question 'Do we think Zimbabwe is reason that PB have invested. Or is their interest more to do with Botswana?'

However, the pragmatist in me personally assumes that they wouldn't put that much money into KAV on the basis of a Zimbabwean option that needs a bit more work. That it's more likely they like the prospectivity in the Bots assets within KSZ/KCB. 🤷‍♂️

Atb

Thanks 'matey' 🤔

From your phrasing ...

The use of the term 'us shareholders' suggests you have a position here still and 'will lose all we put into the bidstack travelling circus' suggests you bought into bids at a fair too high price that you now deem it pointless to sell, despite your clear and unambiguous lack of confidence in the company.

So excuse me if I look past the wisdom you share that got you into the predicament you find yourself in. If you truly believe your view wholeheartedly then not selling whatever value you have left here isnt a wise strategy, as to be proven right you'll have to lose all your remaining capital.

Your journey in bids is your journey and while it's formed your todays view on the company, it doesn't mean it'll be the same story for all investors. Money will still be made here IMO.

Atb to you though and hope it works out for you.

Moneymaker when you say 'I would much rather keep running costs to a minimum and focus on both the KSZ and KCB.'

I agree with you in the main. My concern when the potential Zim deal was made public was how much it may cost and also how much it may divert the team away from the assets that drove me towards KAV to begin with (KSZ/KCB).

I can understand the strategic intent by Ben though, in pursuing an asset with nearer term revenue potential. As KAV need a discovery and a more robust source of cash. On this basis I deferred my initial reservations until more information was available, as ultimately we had no context until today too base any criticism on.

Personally I was reassured by the option costs and exploration commitments announced today (at this stage). If it's worth it we will all have to wait and see while its economically assessed, specifically the tailings.

I'm under no illusion that whilst processing tailings will be lower cost it will still need capex but until we know more on the project I'm happy to see how it plays out. Too many variables to ponder the ifs and buts on the Zim assets as yet.

Clearly the priorities are KSZ and then subsequent drilling across the Bots assets, which I'm pleased with.

Good progress is being made to find out what the target is or isn't. Can't wait to find out.

Atb

This stock has been moving in a relatively narrow range for 52 weeks, apart from a peak after the JV being signed, and so it just continues to do exactly that.

Peggy actually said it would be 2p or less, rather than in the 2s. We've entered into the 2's several times within this year and within the range we've been trading in. So if we go there again it's not really meaningful.

Peggy has also said they would take a punt at under 3p. Even though they said it would be 2p or less. We can all throw numbers about lol.

At the end of the day, limited volume and liquidity will always result in increased volatility as the market makers need to widen the spreads and move the prices to create the market. Especially if positions have to be worked, and a larger trade broken into blocks.

None of this is meaningful though. The shareprice will continue to bob about simply to facilitate a small number of trades within its limited liquidity.

All that really matters tbh is a) do you believe in a significant discovery being located within the company assets and b) do you believe in the AA deal being completed.

If you don't then you won't invest and the price today is irrelevant. If you do then you will invest or be invested and again the price today in this range is largely irrelevant.

I personally have no reason to doubt AA will be taking majority control of the assets and the specifics and quality of the deal leaves me in no doubt that AA believe in the assets, so I won't worry. Sometimes it's better to look past the nose to see the bigger picture.

There is never any guarantees but in all probability, this is the best time in the history of ARCM. From an asset and financial security perspective.

Personally I'm not worried about the KCB as it stands. It's very early days. Drilling to date has confirmed the geological interpretation of the D'Kar and Ngwako Pan formation contact geology. Plus they've had some level of visible sulphide mineralisation in the initial holes through the contact.

That will need more time and can be dealt with once Zambia is all sorted

Atb

It's a bit of an odd question really.

Of course they will.

People can make money on every stock.

Have people lost money, absolutely.

I'm not here to advocate for other people strategies or money. I don't know everyone's averages, or if they'll ever make a profit or break even. That's not of my concern.

I can guarantee people has made profits in bids and that they have lost money.

I think bids have potential, yes. The big risk to the shareprice is the terms of the convertible debt and the sentiment.

I'd like to see more detail on the debt ideally first and there may need to me some strategic decisions commercially etc.

But I do think its closer to the bottom price than the top in time to come.

Atb

I must have missed the pump Ray...the shareprice will peak and trough until something happens. Its the assets I'm here for personally.

When the price was around a penny before the volume increase I wasn't selling. So being around a penny still means nothing has changed tbh. If people took this up from a penny with a short term view and sold today, with a very marginal gain (if any) given the spread and the offer/bid prices they'd have got then that's fine. Doesn't feel like a very successful P&D if it was what you think it was.

Nothing against other people's strategies. They're all needed to make a market. Still not convinced it was a pump and dump, wasn't the typical variety if it was and was very minor. If anything it allowed a few people who wanted out to get the liquidity to do so.

Today's move was also off the back of news.

Like I say even if it was it didn't do anything to most here. What will be meaningful is the current drill campaign. One way or another.

Atb

It's an option to buy outright. So won't be a KAT mark 2.

If the grades were good, and the railings were from early 1900s to 1960s mining then they could economic as the older processes couldn't have been as efficient as those use today. However early days and Id imagine they collect samples from various piles and perform economic assessment fairly early on.

KSZ and KCB are the key assets though ATM so I'm glad this Zim option isn't too capital intensive.

Atb

Agreed, KSZ. Although KCB too! Zim is just now another avenue as an option to now be assessed. For now.

Atb

D220 - but that assumes that the rise was because of the Zim news that's just landed and that the price of 1pwas a fair value in the first place. I don't think either of those are necessarily true.

I've not been too enthusiastic about a Zim deal but said I'd hold judgement until the details are released.

Structurally I'm comfortable with the deal. It seems pragmatic. Exploration without firm commitment and the cash that is commited isn't too vast to be in competition to the existing asset base.

It's certainly worth exploring to assess the economics, and I support the strategic intent by Ben to try and identify a earlier stage cash generative project.

Now I'd like to see the work progress but obviously not at the expense of progress on the Bots assets. Financially they should have the runway based on the structure.

Fingers crossed on the B conductor drilling. They've obviously got to at least 370 metres now so over half way there.

Atb

Of course it's not game over.

They have cash, they are negotiating convertible debt, they are revenue generating (albeit not sufficiently to be profitably independent).

It's about patience as to when to invest to minimise downside Vs the upside and also about position sizing.

Watching and waiting patiently is difficult but essential here IMO.

Personally I'm holding off and will take a position when I feel it's right price. I'll take a larger position than I'd intend to hold long term. Then when their is a reversal I'll extract the initial capital on the short term momentum. With the outcome being the ability to retain a position of the size I want to hold long term without any explosure of the initial investment capital.

Many use the term free ride but in reality capital gains are still capital so its not a term I like to use, but that's what I'm saying.

I don't expect to hit the bottom, or hit the top, but patience and acceptance of volatility alongside a plan is what's needed in this area.

IMO. Atb.

Agreed metal.

Oh and the assays are in, but there was only traces of rock in the gold

It's glorious. Very busy here making dreams come true. I'll see what I can do on the news front. Oh did I mention we've hit solid nickel 1000 metres deep from surface.

Lol FKC. Light hearted posts. When you sit down to a nice rom com with the partner.... I bet you go for something like Romeo and Juliet, full metal jacket or the shining.

Stan. Everyone is welcome to share their own views (despite the fact can't accept other views yourself), but if you have the views you do and actually remain invested, then you can't blame Ben if it doesn't work out.

I'd have had more respect for your opinions if you had sold. At least then you show you have the belief to act on your own views. Comedy gold for me was FKC saying they added to their position yesterday. After all the distrust you add more to your position.

Genius strategy.

Atb to you both. My last words to either of you.

Zero respect and zero ability to have the courage to act on your own beliefs.

Ngt all

I'd agree they aren't at depth to hit the target as yet, based on what we know, but how far and how much further would be guess work.

It's possible whoever said they spoke to a director did, and it's just the directors view as to why a gain in shareprice. Rather than meaningful knowledge. It's also possible its totally made up but either way I'm discounting it as factual on knowledge based at this stage.

They've got through the sands now and are now working through the 'hard stuff'.

Mindea will drill up to 4 holes, targeting the B Conductors at a depth of 600-700m.

Some have said target it between 500-600 metres.

I believe they have enough drill to go deeper, if needed.

Atb