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It’s a sea of red everywhere. Hold!
NvS made a point of saying we’re many many years away from production. Of course this is true. I just don’t think this is the long-term strategy for ARCM. Prove up that resource and get the offers on the table in 2019. Offloading Casa and Sturec, plus the demo plant income will see us through to the next phase. The market’s reaction is odd but the last month has been a bit meh too. Roll on the JORC.
Volume is looking great today so I’m sure we’ll know something shortly!
I assume that Barbara was referring to SPOT’s comment on Sunday and then your Sunday night comment Westie.
Never did I think I would get a chance to buy sub 5p on news day but so be it! Like others, my immediate reaction was somewhat muted to the grades but then I snapped out of it. Massive potential. Tons of news still due and in the pipeline. Game on.
Hope you’re happy with $6 Fulmar. We’re a long way off that for sure, but our results should hopefully wet the appetite of onlookers.
Love this tweet. Please be a massive hint... #ARCM More M&A in the copper space - the scramble for #copper continues: ‘China's Zijin Mining to buy Canada's Nevsun for about $1.8 billion after Lundin rejected’ | Business Financial Post
Gorgeous couple of late trades. One day closer to news.
The drill RNS said assay results will take 2/3 weeks from 14th August so should give plenty of time for a top up which should be around w/c 3rd September (director buys prob pushing it back to the latter as other posters have said). I hope anyone (like me) from the Ortac days kept the faith and averaged down once the new strategy became clear. My holding should be well in excess of 1m now but ain’t, but I wasn’t forced to press the buy button back then. Plenty to be positive about here now though. GLA.
Whilst we wait for the drill results, a question if I may. NvS said a few interviews back (if I remember correctly) that if it was appropriate and viable he’d consider splitting the company (i.e. one for our gold play and the other for Zamsort). Does anyone here have any experience of this and what it would mean for us shareholders? Genuinely interested, but confident and hoping for a full BO. Apologies if this has already been chewed over. Cheers.
Agreed CB, or Ortac with endless placements and an unclear strategy. All now resolved. Roll on more great news.
Sounds like a good plan Westie. He’s certainly restored my faith in AIM. Confident and competent.
That’s a nice holding Westie. I’ve always been holding out for a TO since Ortac days. As NVS has said, it’s too early to entertain that but should definitely be the long term strategy for us holders subject to a few slices on the way of course.
What a cracking day. Couldn’t keep my eyes off the trades today. Maybe it’s just word of mouth or maybe it’s leaky leaky. Feels like the latter and something more than just Sturec but guess we’ll find out soon. Decent sale price for Casa would be cracking for funding our no.1 play.
Haha! What an embarrassing attempt at trolling NVS and ARCM. No relevance whatsoever. Can’t wait for news on Sturec, Casa, and those drilling results.
I think NVS is playing a very cool game with CASA. Yes let’s entertain a JV with regard to mine development but hopefully this just fuels greater urgency from the Chinese in terms of an offer.
When we see double figures I will be a relieved man as the wife will begin to believe! Will just be the start though. Happy days!
What a ride this has been since Ortac. Casa is the play needed to unlock the real treasure. Would love to see it off the books asap and working to set us up for a big one in Zamsort. The SP can do whatever it wants for the traders. Dreaming big big things long-term. Cash in the bank is the winner. NVS sure is doing his thing.
If I’ve mis-heard then my bad. Maybe we won’t actually need it if we can get some decent value for Sturec. Cheers.
Love it. Clear and concise. We have gold that can't be unfound, but obviously there is a lot to happen before we see real value for us long-termers. With NVS at the helm, I'm totally confident, but then again I always have been in OTC. 1. Name Change - to Arc. Not precious, but a clear break with the past was needed. May be helpful for point 3. 2. Sturec - has been a dead weight IMO for a while. I bought in for it but totally understand the need for change in direction. Any value that can be extracted from it is good. Sad it's come to this, but it's needed. 3. Fund raising - NVS said in the podcast that we're funded for the next couple of months. Where he was being specific or generalising who knows. However, I expect a placing. We need capital to expand our drilling programme and move to the next phase. Yes, placings are dilutive but only if they are done at ludicrous prices. I'm sure a lot of us PIs would love to get involved but it usually doesn't happen. As long as it is at a sensible price then so be it. The plan to use RC drilling is great for costs. Zamsort - get CASA sorted and then up our stake from 14%. NVS' tone on this was pleasing. GLA.