Member Info for Fukurokuju79

Im not overly close to MM situation (other than the highlights).Fulmar you seemed to be aware of loan sharking of his position in ARCM?

Can I ask where is this view from, and do you know how much of his stock was involved etc?
I'd assume this selling will continue for now until it's gone, if it is indeed the commonly referred to Mr250k?

If we do have a block seller with a large holding how I can't wait for them to sell up.

If Mr250 is MMs position I'm not sure it would have been sold over the entire duration it was pawned. Does Mr250 actually exist? Any views?

Fact or fiction?

IMO the term binding is principally a legal term around the requirement of the lender and the borrower to uphold the loan contract terms, of which the key headlines were mostly covered in the RNS. In effect amounts, rates, payment dates of both sides, security over assets etc etc.

Within these terms RMM will get $15 million on completion and the further US$5 million will be available towards the end of this year. However their are certain conditions to be met for the second tranche of $5m to be released.
I'd imagine these conditions would obviously be around some form of success criteria. I'm sure TB etc will be comfortable they can deliver them but no one can really clarify other than those involved tbh. So I won't speculate with thoughts on what they may be.

Repayments are due after the first anniversary of closing, paid monthly so if they progress the turnaround as intended those payments won't be an issue.

It's all heading in the right direction IMO.
Binding financing should almost certainly complete.
Stope production is progressing to have consistent ore even if collapses happen.
Exploration is proving higher grades which can be exploited in time. Some corker grades at that.
They 'just' need to keep on mining and let the rest take care of itself.

Obviously a little more complex but that's what it boils down to. No way this business, with its proven assets, jurisdiction, infrastructure etc should be priced as it is.
Even on a risked basis this is v cheap IMO.

It's not risk free, nothing is, but the chances of success are high IMHO and as this progresses I expect my investment and patience to reap rewards towards or at my target price.

Atb

Blue Square. It's a secured loan as per RNs..

· The loan will be secured by first ranking security over all assets of the Company and its material subsidiaries;

That said, its only secured if it's finalised. Its already binding so I see no reason it won't finalise. In terms of repayments this won't be a problem imo given the copper price, increase in grade and mining efficiency improvements.
So while secured no reason it'll event happen. New Gen clearly want security however.

NvS eats strategy for breakfast was in the brackets....

I'm not going to use brackets anymore. This site thinks it's embedded code and deletes the contents. Grr

F29...<>

Lmao. Made me chuckle.

I think securing the debt financing is still critical and required ahead of a more defined raise. While high confidence it will complete, some will need to see that finalised this week or early next before entering.
Also I think the recent drop will have hit confidence so the recovery will have a slightly higher than normal resistance as people decide to take capital back on way back up. We won't double or triple instantly. Today will have offered liquidity to those keen to sell even at a loss, madness to me but it's a personal decision.
Just needs patience and time IMO as the turnaround progresses, confidence returns and we have worked through the turbulence that's been created by the sentent drop.
The story is unchanged for me personally (except for the stop collapse and financing). Nothing worth while ever runs smooth.
Providing we get finance this is a hold until turn around executed IMHO.
These lofty grades were greater than my expectations.
Happy to hold for the m market valuation to reflect what rambler have/are.

Atb

Cryptic Ella..... Hmmmm

Yes looking better here again.atm.

As we've all said election result and MM being shamed and sent packing were important.
Now we just need those workstreams updates.
Drills, CE plant scoping.... Oh and that deal to sell the assets for..… one gazillion dollars (he says with his little finger on his bottom lip)

Those grades are just fab. They aren't just fab, as a producer able to exploit they a they are super fab.
No jam tomorrow. Just jam.
I see last night's entertainment got removed marcus

Atb everyone

Financing next

IThen God help HE1 DJG. Maybe you should focus on that.
You need help not us buddy.
Atb

Ella, did you hear from NOMAD?
I assume anyone selling MM shared would need to disclose. However as an overseas entity possibly only at 5% intervals.
I'd have expected to see some form of disclosure when dropped below the 5% threshold in this case. But haven't seen anything.

Patience....or continued patience...is key here.

I'm sure it will come good in coming months.

Yes uspech. Albeit dubious about some posters potentially being CB

Yeah trek. That's what I mused below yesterday also.

Nice to see. I agree with you Major Tom, and the others. The recent election results and the recent indication of a closure on this court case isn't insignificant.

Any commercial transaction will IMO have had these two almost certainly as red flags, in particular the election results.

ARCM have a lot of workstreams on the go atm and lots of potential great news to come when ready to be released. CLearly ARCM are keeping a lid on comms at the moment. While frustrating, I believe its strategic.

Ella, I assume as the NOMAD has not forced an RNS to your points they must be aware of either a) aware of a reason they have not been released, b) don't believe they are material / believe sufficient information has already been released or c) a mix of both.
OOO - Did you hear anything further back from your NOMAD CEO interaction?

Thanks

ToS yes they will need to buy on the open market within UKs current free float. No new shares being created. 10 shares for each 1 ADR.

Regarding holding disclosure notifications their are some exclusions from the notification requirements from within the FCA handbook e.g non UK issuer exemptions, trading book exemptions and exemptions for certain collective investment type vehicles.

I'm not sure these apply to BNY ADRs though and while I think they may need to disclose I'll caveat that statement with the fact it may be possible there is some form of argument they fall into an exemption of some kind.
However also worth sharing I believe non UK issuers only need to notify at 5% and then subsequent 5% intervals i.e 5%, 10% etc

Anyway it's section 5.3 of the FCA handbook if anyone wants some fun and giggles, or suffers from insomnia.

Atb

Downhiller lol. down hole!

Price drop way overdone IMO just for a failed downhiller EM given the successful drill and broader news therein.

Ah well, markets a fickle thing.

Atb

Yes that's true they need the EMP.
I'd also forgotten that in my comments. I thought it was going to be a lot swifter than it has been to get that approved.

Can't be long now.

Atb

Yes it'll be interesting how they decide to go.

I don't think PJ will want to hang around on it.
I know POW have to pay the first part of exploration costs under the JV before it's 50/50. I think it's about the first 75k (dollars). From memory (may be wrong).

I suspect a further constrain may be skilled driller resource and machinery too. What with covid backing things up, Bots being popular ATM and expanded drilling programme in KSZ.

The other potential constraint is the wet season somewhere between Nov to April however having looked at the RNS' I haven't seen any obvious sign of this slowing activity down. Anyone know of any seasonality to exploration activity in our areas of licences etc?

Atb

One mine being bought on line, if that happens, won't change the deficit is exactly right.

Commodity pricing fluctuates. I'm of the opinion copper hasn't started really as the supply squeeze and push to develop infrastructure hasn't really started, at all.
Also while I agree the Comms machine at ARCM has stopped I'm hoping it's for good reason. I know they are working on several fronts, a deal being one.
As Fulmar also points out the recent election results of HH is (IMO) absolutely a good thing for us and likely something majors have been waiting on and concerned about prior to finalising anything.

I'm down a significant amount of money from my peak profit here. Rightly or wrongly, time will tell.

I'm still confident of a return which would be from various avenues and timelines, but remain hopeful of a good deal.

Atb

Ella, is that a statement or a question?

Perhaps you've heard from Nomad?