The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
It seems everyone sees Cu and therefore associated Cu company values rising https://t.co/IQ6ZrKxdsW
Things are going to get demanding !!! https://twitter.com/HoldcoMarkets/status/1752419914441175317/photo/1
“The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett I've just come off the phone to him and he said he had ARCM in mind when he said that ! :-)) The impatient disposing of their marginal holdings and someone a bit bigger (apparently not listening to the Oh so wise trolls !) saying "thankyou" ....!
Wow ! Where to start @Major T.
People "dragging negatives" out of you and having problems with walking and typing.
You seem quite willing to state negatives (more about those in a moment) and from your recent ill informed statements, you said "walking and typing" is a problem but it seems "walking and chewing gum at the same time" could well be the main problem.
I do however agree with one of your statements of fact, and that is that many were not impressed with the raise to buy Virgo in light of the "no placing" statement.
At the time of the "no placing" comment, the Virgo licenses were not on the table (to us),the "nimble" commercial decision was taken knowing the criticisms it would attract.
And now to your main errors.
1. The Bots drills show some mineralization and were purposefully away from the known central shown mineralization in order to try and establish potential parameters. How you can possibly state that "it's obvious" they do not "warrant following up" is staggering given that the neighbours are snapping at our heels with decent grades and positive surveys galore. The only thing that is "obvious" after that statement is that you are clueless regarding our business model as an explorer .The Virgo assets that we "nimbly" bought for a song with minimal "exploration" could easily be sold for much more than the present Mcap of Arcm.
2, Re the BoD "cashing in their options at a nice profit"-To-date no "cashing in " has happened and the BoD are allowing the "debt" to be "carried forward". The options closure was part of the requirements (probably Roths related) during the negotiation of the JV process. My take is that they know where this is going and will re-instate those options and a few more at a later date.
3.The "endless exclusivity agreements" This was mainly down to the "crooks on the books" and then "There should have been no exclusivity agreement" a naïve statement when Anglo/Roths were looking to finalise a $90m deal.
4. To "secure a carry through to DFS or production the SP would already be multiples of todays price". we won't be here then IMO
5."Have seen the terms of the other parties ?" Many holders are aware of the other terms as we have asked and been "told", and they are an absolute million miles away from the deal we have in place.
@MTom, far from having negatives "dragged out of you" or having your "Arc demons exposed" you seem to revel in making statements with a blinkered approach and significantly limited information .
Absolutely right Mr Mog. By the time the Zambian assets are mined, Arc will be a distant spec in the rear view mirror of a hydrogen powered Supa-digger/Excavator ,and that is why the near/shorter term economics of Copper and the market are massively important to us, and why I believe "timing is everything" and fortunately is on our side
Crux Investor
@CruxInvestor
Copper Crunch: America and China Battle for Supply Supremacy
Copper is facing a major global supply shortage by 2025, with demand projected to significantly outstrip supply. Prices are expected to surge over 20% by 2027. The US and China are now locked in a high-stakes battle…
I know you didn't ask me MT but as it's a BB ,for me you are no where near a troll but a disenchanted holder who hasn't quite got the whole picture. The BoD not paying themselves for months shows what they are about, to me at least ! And the main reason this took 2 years longer than it should have done has nothing to do with the BoD but criminal elements. Fortunately that delay seems to have played us into an upcoming copper price boom. So every dark cloud etc.
But @rio would you honestly think anyone would pay for the quality of trolls that are left on here ?One of them recently posted "hit a raw nerve have WE?" like some desperate saddoe trying to make believe he has friends. Whatever, I don't engage with the dross but do enjoy catching up on their rubbish when I need a laugh !
We have gone from a part multi-asset owning company owning under 12% of our Zambian licenses to a 68% +ownership of those assets (disposal of the dross)and subsequently a $90m JV with a 20% guarantee and a free carry over a max of 7 years . Hmmm. I wonder if there was a plan ? History you say ? Don't change the subject .
MT -stop trying to twist things ,absolutely no-one is trying to describe posters as such " It is folly to write off any poster who questions what a company says or does as a deramper with alterior motives. Some times they just have an alterior point of view" The posters we have a problem with are those that have ULTERIOR motives and they are well known and don't have a logical or positive bone in their body .To the point of accusing all holders that don't sell as !!!! Sad individuals Even their ring leader has looked to distance herself from them . You need to take note of the achievements so far and hold or do one !
@Teaye-Whilst I agree with the sentiment of your post we are on a slippery slope when we allow a deliberately destructive minority to dictate to the majority . The agenda of the "retreads" is obvious, and although I will not engage directly, it will not stop me posting information or conversing with anyone I want to. The moderators for LSE are shoddy even to the point of some suggesting they may have ulterior motives, but it seems to be a modern phenomenon where manic minorities are allowed to be noisily active and dominant They continually make soppy allegations and for the purpose of clarity I have one name on LSE and one on Twitter (couldn't be bothered to do otherwise) and I have not sold a single share. I personally don't believe that any investors could take a numerately and gramatically illiterate group of retreads seriously (they even believed that NvS and KEvB were related on the "von" side :-))
The IC on Thu was just a nice little confirmation to why I hold, and a bunch of bitter "retreads" will have no effect on my investment or posting behaviour.
Perhaps the real solution is for LTHs to all report their "destructive" posts.Or as you say Teaye avoid the site-not my style, but each to their own !
@Jayber-"if there is no find here"-Through previous limited drills we have already found commercial grades on this area and Anglo have already zeroed in "focused" on something they have found through their own AMT (possibly squid tech) https://amt.copernicus.org/articles/15/4931/2022/ or https://link.springer.com/article/10.1007/s13563-022-00333-3
So we are sat fairly well waiting for some more good results on Cheyeza and then waiting to see where it extends to. With possibilities of it extending into some other of our licenses. With the JV signed, money in the bank and multi-millions about to go into the ground there are a lot of traders looking to worry the nervous investor.
@Major-If I had your view of management (no matter what the assets) I wouldn't be invested. And your opinions that you express strongly would be helped with more information, which you would easily have if you followed the scenario closer. As it is, you only seem to know about half the story.
The BoD is never going to be a "Sunday Brunch" pump type outfit, and their personalities are what they are. If I I had anything like your doubts and misgivings I would have sold long ago.
Bots drill costs were mentioned ,it's on the recording.https://www.youtube.com/watch?v=3nZDhswinI8&t=1s