Member Info for Fukurokuju79

Thanks...

When you say 'In the final countdown. By the end of May, hopefully all PXC investors will be ecstatic.'

For context, is that the boards communication or something you added?

Ac123 - this topic has been raised in previous investor calls. Essentially the reply was that ARCM have discussed the need to report results with AA and that AA are aware of the requirement for ARCM to release results to investors.

Obviously the definition of material news for ARCM will be different to AA's, as they're much larger.

So it's possible this has advanced to a more tangible / measurable agreement but I suspect it would be answered along the same lines. In short, AA are aware of the requirements and ARCM will provide updates as and when notified by AA.

Atb

Pointless speculation on the price in 1 month. Certainly before we know the plans later this week.

I would guess we will be higher, as we've stabilised in the market at this price and the pension fund is now in control.

However, the one month trend isn't really why many are here (I'd assume). So while I imagine drill plan confirmations will drive the price up. The market is very unforgiving and risk averse ATM.

In sunmary short term price will depend on how ambitious this year's campaign will be. Mid to long term will depend on how successful the drill is.

As others have said, the rewards here can be significant if A) AA get cracking (which they would need to understand the JV or go even harder in subsequent years) B) AA have a successful drill campaign and C) ARCM / AA release the results timely and consistently.

The risks we are all aware of i.e. our capital. I'm sure many here are carrying a loss ATM. In itself that's nothing to be worried about given the wider market sentiment (especially with juniors and in this sector). The has been no material change in terms of ARCM/AA.

It's been frustrating that we haven't had drill plans released already. I'm sure that's hindered the price, but let's see what the webinar brings.

I doubt I can attend but hoping for a recording to be made available.

Would have preferred a little more context in the RNS today to help give some context to investors to be able to ask questions against. Is what it is though.

Atb

Hard to tell what the catalysts are these days. Market is very funny ATM generally from what I look at.

Welcome rise though. Just fingers crossed it is sustained.

Atb

Tbh Tony I had expected a drilling programme to have been announced before now. Soubdded like they had a plan in place, or were going one up, ages ago.

They need to spend a lot of dosh for the agreement so at some point they'll have to go hard at it

Ultimately though stopthebs, if indeed it is a Swedish pension fund selling out a significant position. Then it doesn't really matter what the bod did. The simple mechanics of the market are at play.

In effect the selling of a significant position, can't be moped up in a low volume stock like ARCM. It's these scenarios that create opportunities.

In this case the timing is compounding the impact the seller is having on the shareprice. As it's been within the rainy season and before the start of this year's drill campaign announcement/start.

So the management can do little really, of meaning, to increase buying pressure. The absence of buying pressure in the face of the seller is key.

This is not in defence of the company. It's just a view of the broader mechanics.

Atb

Major Tom,

Interesting how we all have different thoughts on things.

I didn't feel the Bots update was embarrassing tbh, I quite enjoyed the context of it all and I felt more positive about those prospects after watching on YouTube.

Similar to you (it sounds) I haven't always been convinced about the need for ARCM to have more licences in other parts of Africa. I've often pondered about if they would be better as an incubator as you put it, to minimise overheads etc.

However I actually think they've done quite well in these licences. If they do prove anything up, or even before, it's almost certain the neighbours would want it strategically. It could be a pretty smart move.

On the flip side I've also mulled over the logical thought about why would anyone give the area up to focus on other licences if these ones arcm got are so good. However I don't know the full history so can't add context (Seis probably can). There could be many reasons but on face value I've certainly come around to these licences more than I did initially.

Atb

Morning Tomyra,

I can understand how frustrations creep in with shares, I'm sure we've all had them 🙂.

From my perspective I felt/feel ARCM have generally kept us informed of the AA drill activity so far.

From memory (will probably be more than this) they've informed us...

- when the drill started

- that AA had done some preparatory work and will drill into the rainy season as much as possible

- that drill has now paused for the rainy season

- that they are currently developing a drill plan with AA and will be in Zambia together soon .

- the depth of the hole by AA

- the movement of camps and set up of fly camps.

- the infrastructure e.g. road prep and electrical hookup from a Zambian initiative.

- that all AA machinery they have in country is all on ARCM site.

- that the drill schedule will be for multiple rigs in multiple areas.

- that they've conducted box scan etc to feed into drill plans

- that AA haven't spent much of the required drill capex agreed in the JV, and that this year will be be many millions spend on drilling as required within the JV terms.

I'm not sure what more info we can have at the moment?

In support of your point though. I also at times would like more general updates from ARCM. They do tend to be communicate more milestone/need to know based. Then provide wider context on the calls, which are always good to listen to.

Not everyone wants this level of information but they could be a little more tailored in their shareholder communication approach.

Maybe RNS reach, or direct newsletter sign-up for updates at set intervals (even quarterly) with general stuff. Then those who want more detail can have it, and those that don't can ignore it.

We've all got differing expectations, and they obviously need to manage the cash wisely, but I do think they can do a little more for not much spend.

I'm sure NvS would listen to shareholder feedback on these types of things. He may decide not to do them and say why but always worth raising.

Atb

Yes, they certainly signposted that possibility.

I suspect there is certainty a strong possibility of an offer down the line.

Time will tell

Atb

Hi Fulmar, yeah I did recall mention of costs. Something about the relative cost being cheaper in Bots than Zim. Can't recall the funding of costs being mentioned, however I may have missed it as I am male and multitasking 😂. Happy to be corrected?

Atb

Evening all

I just caught the call and I thought it was good.

I do think strategically the bots licences seem very well determined, and I can see an offer or a JV at some point (in the distant). The initial exploration activity seems to have had good initial outcomes and future drill programme soon will be good to hear about.

Zambia is, as we knew, on hold while rainy season does ita thing. However confirmation from NVS of an extensive, multi sited and rig drill plan by AA this year sounds good.

Personally I was supposed that no one asked about cash for bots and cash requirements. So it's possible to infer they did ask but it wasn't answered due to a potential placing in the works. Whether or not they will need to place soon will of course depend on the scale of Botswana. I wouldn't rule it out as they of course need to restructure or pay some of the near term commitments, have back pay owed for when they constrained spending and also have Bots to go at.

That said, in terms of prospectivity we have the right postcodes. So I'd rather raise (if needed) for Bots than do nothing.

I personally believe the licences ARCM have with AA and in Bots will provide some significant upside in share price eventually. Just my view and plenty here disagree. Fair enough.

Atb

''Timing is one of the most overlooked factors in this game. That can be mitigated somewhat by holding some and trading some. But as for hold and hug. Most of the charts show you gotta be very astute or very lucky for that one to pay off!'

Agreed

Trek - I was talking about when evaluating an opportunity. You don't look at a price and say oh that's low and invest as it's less than a penny. It could have a trillion shares in issue and be well overvalued.

I didn't say that the relative value of each share isn't important, especially if the share count hasn't changed. Of course it is. However the market cap takes both these variables into account, and you can effectively assess the opportunity. I was simply saying you can't look at the share price to assess the opportunity (in isolation)

It's all about market cap, the shareprice is largely irrelevant if it's tenth of pennies of pennies. In terms of deciding an investment I mean.

Then it's about risk Vs chances of success.

While the shareprice is currently very low compared to recent times I'm still in the pxc look more set for success than many other prospective miners. I won't write a long list of reasons I think this but it's just my view.

If the delays were for things that aren't value adding then I would be less forgiving. Ultimately this economics and process refinement etc will be a feed into the being successful and likely into the financing.

I think 2024 will be good here from a share price perspective. Might be wrong.

Atb

Personally I've seen many miners fail because they've rushed to production and not optimised their process and economics to withstand turbulence.

While I also see the other side of the coin aroud analysis paralysis and process over progress, you have to assess that against the worth of the task at hand. Getting things right now is definitely worth it.

Every mine needs to be optimise it's processsesy. This shouldn't be rushed and often is. Doing this makes the capex to build out much more meaningful, less assumptive.

The delays are largely behind us. Personally I don't see the point of selling now having held through the swings and most of the delays. However it depends on your investing strategy and a myriad of other factors unique to us as individuals.

Each to their own.

Atb

Chid..... Sorry, autocorrect happened

Child, the total trades per day illustrates not just a lack of buy incentives but also selling. Effectively ATM people as simply waiting for the outcomes. Those that hold seem, generally, to remain holding and those that don't are seemingly happy to avoid or wait.

We will hear soon enough.

Atb

Child,

I understand your point but the economics signalled here do seem to stack up and they're improving those with the re engineering of the processes.

But yes, always risks with these investments. Those risks should come with greater rewards where a project is a success. I do believe PXC sit in the success camp but never a certainty in this game.

Atb

We know they can extend it further until March. The second extension RNS was released on 11th with the original end date being 8th. The 10/11th was a weekend.

If we don't get an RNS today then it'll be Tuesday 2nd. I don't see anything wrong in that personally.

Have a happy NY everyone.

Atb

Tranche 2 added at 0.25p, average not 0.4.

Given I was watching and waiting since nearly 30p I'll take that average.

Won't be a long term hold I doubt, given the history of things but I do feel the next couple months offer returnable profit hence the two tranched investment now.

Will let the dust settle. Then see what's happening in a month or so.

Atb everyone.