RE: Delayed JV28 Sep 2023 13:42
@Jayber,the price of late has been up and down in sort of a holding pattern. The rubbish spouted by trolls has little effect as at the moment it's just traders preying on the impatient. The libellous comments are being dealt with, and the poster removed. No doubt in their desperation they will resurface . IMO the sp will rise on JV closure and retrace a bit (probably decently above these levels) but real momentum will start on news of any drilling successes and other company news that is very possible.
Arc and it's employees have accumulated a lot of disgruntled enemies over the years who seem to have a co-ordinated task of Fudding. The characters involved in this campaign need to be remembered and their vitriol is not unjustified.
Historically we have a billionaire who spat the dummy when he was told to sit down and shut up, then we have an ex-director who couldn't sit still and wait, and consequently lost and sold most or all of his 17.8% holding, and then an industry name who was a bit too slow on the draw and lost what he considered to be his rightful property, he then went on a revenge campaign and ended up losing a lot more. Sometimes having principles and sticking to them does rub people up the wrong way, if they can't get you to do what they want.
At the start of the journey Arc had 16/18% of the Zambian licenses and through a well constructed and managed campaign we now sit waiting for the final OK to a multi million dollar free carry drilling campaign with a few bob thrown in for good measure with a Major miner AAL and Rothschilds managing the deal. Doesn't get a lot better !
Frustrating ? yes !,Has it taken longer than anticipated? yes ! Will it be worth it ? I'm counting on it- we are entering "less taxing " times and close to completion !
Smarter than you ? I very much doubt it,but I have done a lot of research and asked a lot of questions. GL all LTHs