Member Info for HarChris

Well there’s $1m due this November, $1m due next November and then a larger $8m payment whenever phase 1 ends, likely around the same time. 2/3rds to ARCM.

So all we need is for the current cash + $0.666m to get us through to near end of 2026 as then they receive $0.666m + $5.333m.

Absolutely delighted with this TR1. I've been saying Cosmen will add and eventually buyout MCG around 100% higher than current price but of course it might not have been the case so this is a relief.

This holding rns plus the director buys will hopefully be the trigger for this to start heading consistently north now. Added.

Well we're looking at $40m FCF per quarter now with gold above $3000/oz so about 25% directed to capex + divis giving $30m increasing cash position per quarter.

I'd say that was swimming in cash. And yeah the majority likely to go to Douta which Segun has mentioned on numerous occasions will be funded through a combination of cash and debt.

In neither the original RNS in May 2022 nor the broker notes there was no 'up to' included in regards to exploration, but there is in terms of the cash payments for whatever reason. I think they have committed to $24m spend and hence what OP said, if they don't fulfil that they would be obliged to make up the difference.

Anglo American has the right to retain an Ownership Interest of 51%, by:

o funding exploration expenditures equal to USD 24,000,000 on or before the date that is 180 days after the third anniversary of the Effective Date ("Phase I End Date"); and

o making cash payments to Arc Minerals totalling up to USD 14,500,000, as follows:

§ USD 3,500,000 upon signing of the Joint Venture Documents ("Effective Date");

§ USD 1,000,000 on the first anniversary of the Effective Date;

§ USD 1,000,000 on the second anniversary of the Effective Date;

§ USD 1,000,000 on the third anniversary of the Effective Date; and

§ USD 8,000,000 by the Phase I End Date.

- Following the completion of Phase I, Anglo American will have the right to retain an additional ownership interest equal to 9% (for a total ownership interest of 60%) by funding USD 20,000,000 of additional exploration expenditures within 2 years of the Phase I End Date ("Phase II End Date")

- Following the completion of Phase II, Anglo American will have the right to retain an additional ownership interest equal to 10% (for a total ownership interest of 70%) by funding USD 30,000,000 within 2 years of the Phase II End Date.

GRL produces Dore so needs to be multiplied by ~ 0.8 to find equivalance.

And they've never come close to 1000 dore ounces although it's true that they are well, well undervalued if they achieve it in the coming months. But it's still an if.

Did the share show up in some traders group or something like that? Why all the sudden ramping and cheerleading?

There a number of reasons why GRL should be in a much better position than last time SP was down here:

(i) sky high gold price , (ii) modest increase in production leading to cash generation (helped by point one), (iii) CLN converted at 3.25p, a big reason sp sold off so hard last year as deadline loomed.

This ramp up has been going on without any further injections of cash, standing on their own two feet is something new for this company. They really are on the verge of a major uplift all being well.

Ps CLSK, have you sold more out of interest? Willing to share?

I do accept that in most cases 'the market' is correct and so I'd be rather surprised if we got an update that shows we're right at that 1000 ounce target. But one that gives hope that pit 1 will deliver in the very near term is enough for a meaningful rise as it is.

Well we can certainly now say that failure is beginning to be priced in yet from my view the company isn't in anywhere near the same crisis it was in last time the SP was down here in 2024.

If the next update is overwhelmingly negative the sell off will be justified but like you say even a 'steady as she goes' update has a 50% move in it and the sort of update we're hoping for has this back at 2p ie 150%.

We're in the very rare position here where everything points to significant progress, be it trials, be it calibre of new appointments (+ SAB etc) and yet the share price is down over every timeframe and 75% down vs most of 2023.

This isn't your run of the mill AIM biotech likely going to zero, it*is* an amazing opportunity.

Don’t think so but I’ll pass it on.

I’m guessing by the tone of your last message that your post wasn’t about ARCM and instead a personal attack on an individual? I didn’t see the post and I’m no genius but perhaps that’s why it was removed?

I'm sure others have just bought but didn't feel the need to share with an anonymous BB.

Why are you expecting a fundraise? They have been generating cash and likely will continue to.

There's the potential for a renegotiation of the debt that could involve AIMS taking some of it in equity sub 1p but for now that should be the highest risk outcome, unless production actually declines going forward.

These AI shorts tend to react to changes in volume so today could certainly trigger a reaction - volume will exceed anything we’ve seen in months.

Go back 15 months and it really is light and day. 31st Dec 2023 THX had $127m current liabilities, a serious amount to deal with. Today it's $48m plus non current liabilities have shrunk alongside and cash is $20m higher.

We have seen healthy share price appreciation though, finally, so the disconnect is nothing like as egregious as it was three or four months ago. Happy to see this settle around 40p before (hopefully) the mine life extension at Segilola and Douta PFS show just how much further upside we can expect in the years ahead.

Tbf we were never promised monthly updates, they just happened to build momentum as every gold pour was higher than the last. We can (and the market has) assumed the most recent pour has disappointed, however it was never going to be all that important due to it being the last of the pit 2 ore as ID78 below highlights.

It's ALL about pit 1 now... if the grades come through in June/July onwards we are dandy and we have a quick mulitbagger from this lowly 0.85p level... and if they don't it will be a fight for survival and dilution to cover the loan and stay in operation.

The lower the share price goes til we find out what pit 1 produces the better the risk/reward. Tempted to add again although this isn't one to bet the ranch on.

Well it appears money is returning to AIM and beaten up stocks with strong prospects are starting to pull off raises at/around market price followed by a considerable uplift afterwards.

Every reason to think this could be the case here, especially with the likes of Hughes on board so the fear that has engulfed cash hungry small cap companies since 2022 might just be alleviating - if so the threat of a near term dilutive raise might not be as off putting to prospective investors as it was in the recent past.

Can still see a raise above where we are now and up, up & away after.

They need to hit their long stated target, that's it. They don't need to do deals, they need to achieve said target and then they'll be generating over $30m a year revs at enormous margin and the debt will disappear into the ether and expansion opportunities will open right up.

Well, technically that means any time January or later haha by including the word 'from'