Member Info for Fukurokuju79

Takenorisk, if you've got an interest in what the Christmas price is then I guess that's for you to determine for yourself.

Price this Christmas means nothing to me. The price will work out if the drilling is successful, no matter what anyone thinks. If it's not successful then it'll end up the other way.

It's about the licences above all else.

I did wonder what you meant by battered, that had me confused.

Yes removal of LTA is positive. Although reversible depending on the elections.

You'll still be capped on the tax free lump sum commencement payment sadly. However the reduction of tax on drawdown to the marginal rate of tax, rather than the higher 55% above the LTA will be useful if you have that kind of pot.

I'm a way off retirement yet age wise but I'm hoping to have the problems of a high pension pot. I'm on track but could do with a PXC re rate and another stock I'm largely positioned in.

Fingers crossed

Atb

No worries

There has been some talk here (and I believe other forums) about today's AGM and the absence of approval for the company to allot new shares in the AGM announcement.

Just wanted to say don't read too much into this. You'll notice it's not in any of the AGM notification announcements.

That is because ARCM are authorised to issue an unlimited number of no par value Shares of a single class. As per the Memorandum of association of articles.

They don't need shareholder approval at the AGM. That's why they haven't needed to include it in previous AGMs, before raising monies.

Just sharing for clarification as I think some are reading a lot into it.

I'm not expecting an imminent raise. I wouldn't rule one out at some point though. However thats the nature of the beast. Clearly the free carry and cash payments from AA will help but at some point they may need more for any acquisitions etc (depending on the terms).

The dilution without this JV would have been a lot worse for PIs. We've diluted at project level rather than co level with this JV and that's a good thing IMO.

Hopefully AA drilling results in time will positively influence the shareprice and the strike price of any future raise.

Not a personal concern for me.

Atb

Outofluck -

You said 'Of course, ARCM have just received 67% of the US $3.5 million paid to Unico by Anglo in respect of the JV agreement, but that payment alone is insufficient to cover even the outstanding monies owed to PDMR'S who surrendered share options.'

These will be carried forward....

You said...''As for Botswana, as I understand it, all operations, including assays, were put on hold in order to conserve funds, so unless a new revenue source comes on stream, how are the assays, or the drilling, going to be funded?'

Yes it was all put on hold. They will pay for assays out of the recent cash payment they received. This has been confirmed.

Regards, F79

Piscator - Hi, I'm not against your view on potential JV or simmilar in Bots. They've had expressions of interest. However, I'm not sure I agree with the view on it being because the assays are really good. I say this as we know they hadn't had them through the lab prior to the JV conclusion and so that's probably happening, plus it's very early on. I suspect interest in the bots asset is about it's prospectivity and location. Especially given the recent transaction in the adjacent area.

Atb

Lol Bilkos, those are the risks when trading some blocks.

I considered it at 29p but decided with the spread and sentiment and anticipated news due I wouldn't. However I had expected a pullback a little today myself, just with the normal cycle of things.

I'll hold mine through any fluctuations.

Atb

Trek, I too was in ARB posting on the quiet board at 3-5p. Then it went to about a trillion posts a day lol.

I also held Novacyt around the pandemic. Few other bio stocks in the US markets in car-t.

Hopefully we repeat it here at Pxc. It won't do an arb as that was totally unique and had massive sentiment due to the market at the time and very few crypto plays. However, as you say, the bond completion will be a significant achievement in these times.

Finding these sorts of stocks is certainly a skill, but holding them when quiet and staying confident and open minded is also critical.

Hopefully we've picked another good one here 😜

Atb

I won't be selling here personally. May consider selling some at 200% profit should we reach that it higher. Simply to release initial capital and keep 2/3 in for longer term.

Will wait and see. Always good to have a plan, but remain fluid in opinion / options.

Atb

Yep. Sounds like all on track.

Everyone has wobbles. I think the error was the drunken announcement Bankruptcy.

Fwiw I agree re battery metals. I was long on lithium but felt the commodity risk was too great as I'm sure battery tech will evolve beyond lithium before full adoption. Or at least it's too much of a risk for a long view for me personally.

That said I believe global electrification is here to stay. I personally decided to not focus on specific manufacturers and felt looking at the supply chain to all is a safer bet. When you look at the less 'at risk' commodities in the supply chain copper IMO is the safest. It's largely irreplaceable. Has suffered from under investment and projection for supply deficit and dwindling stock piles.

So for me, copper is the way forward as a risked investment. I won't go war and peace on why I've chosen PXC as a ccore position but just sharing some topical thoughts.

Atb

Donkey,

Yes I agree the Tingo shares are relevant. Also it unreasonable to deny that the DD was high standard given the situation, as even a cursory glance I gave them initially gave me a viscerally uncertain feeling.

However it is a side show really.

Of course it would be better to have a nice carry value of Tingo on the books; but it's certainly not a core element (IMO) of anyone's decision to invest in ARCM. If we're discrediting their deal on Tingo, IMO with some merit, we have to equally be open enough to give credit for the AA JV. So on balance given the terms of the JV and the fact it centres around the core assets for ARCM I'm fine with it all.

Let's face it. Tingo position hasn't changed. Since the short attack on Tingo they've been effectively written off to my mind.

Last point from me you're stretching with the $6 million. The Tingo shareprice is fractions of $2.

I appreciate I'm wasting my words here as with the JV no longer in doubt you've moved to Tingo. Just sharing my general view.

In a nutshell Tingo was written off in long ago. Isn't ideal, but the JV on the core asset more than makes up for it and is more relevant to today.

Atb

Atb to you

That's not what he said OOL. He said AA can't test their own samples (mark their own homework). In effect it has to be independently tested not by the explorer.

He also made a second point about issuing an RNS about any drill results. In which he said that AA wouldn't normally release the drill results for all their campaigns. However AA have accepted ARCM need to report them as part of their obligations, and therefore ARCM will be given all the results to ensure they can release them. Which has been agreed with AA. Regardless of whether AA choose to release any results themselves.

Atb

Yes same..... I smell it too..🤞🏻

Yes, no point in selling unless forced to ATM so liquidity is / will be very low. Always bodes well when news hits. Personally I don't plan to offload any anywhere near this price. I'm sure some will on news but equally many won't so should help the rise on confirmation/updates.

Takenorisk, that's the entire point of buying stocks like ARCM. The potential risk Vs potential reward.

That risk has been materially improved with this JV.

It doesn't really matter what price people think will happen ATM. Personally given it was already a known deal I didn't expect fireworks on confirmation. It's all about the drill plans, scale up and results.

As you say yourself this could many multiple on a discovery. The odds and timeline of making that discovery have improved. No question. Doesn't mean it's a certainty, that depends on the land. However the land is why many of us are here. Including AA.

What's your long term view in ARCM? Given your short term view is clear.

Atb

Peggy,

I've a decent holding, I post here and I've not lost money....ATM

I believe the direction will trend up over time, what happens in a few days (provided their isn't news to drive a move either way) is largely irrelevant.

Pop back and gloat in 12 months of your right. It's a no win discussion ATM. From either side of the case for our against ARCM

Markets won't base the share price of ARCM on maths. Sentiment will drive volume and the market price.

Clearly it's important to be able to calculate what things should or could be worth but markets aren't rational.

I personally believe ARCM will be a GGP mark 2. Just my view.

Atb

The market has known about the deal for a LONG long time. The markets are generally pretty poor also, so sentiment and money flow is a lot more cautious.

Im not concerned with the market price. I genuinely believe the strength of this deal is overlooked, or dampened by the delays, and the share price will respond in time.

I'm perfectly happy to hold this and I really believe it will provide significant returns for investors. I accept this isn't the view of everyone. No need for a concensus. We all invest our own money and so make our own choices.

Atb