Member Info for Intothedeep

They raised £5mill in the placing without any detail as to how to spend it. If you look back at the RNS's they state that they too the opportunity to raise more money than they have plans to use - i.e. £5m placing, £8m warrants ..... massive dilution with no plan behind it and no desperation for that amount of money. They had said they had £700k and that was enough to get to production, then there was a delay by a month and suddenly they want £13million, to tie them over !!!!!!

In this RNS they stated:
The Board notes the concerns raised by some shareholders in respect of the potential dilution which may result from the future exercise of the warrants that are being issued to placees pursuant to the Placing. The Board therefore intends to engage with placees in order to seek to restructure the warrants with the intention of reducing the potential dilution to existing shareholders.

SEEK TO RESTRUCTURE the warrants ..... so lets wait and see what we are actually voting on first. Still nothing on the RMS website !!!

I know this for certain because I am trying to clear funds to average down on Friday ... so sure as eggs is eggs it will have rocketed by then and I will miss the boat as usual :D

The drilling achieved its objective by identifying the edge of the resource. Its also disappointing in that it DID do this because the resource hasn't then increased .... however its only 2 holes and more targeted drilling can now go ahead.

The RNS does mention an MRE which I expect they will be aiming to get done in the next drilling campaign ... I really don't see Arkle wanting to hold onto Stonepark, they will want to sell for a good price to fund the 100% owned gold projects. Im not keen on G11 being our majority partner, I dont think they have the desire to do much with Stonepark, they are more excited by their own 100% zinc plays, but Stonepark is years further along so maybe they will take the view to get on with an MRE and look to sell also.

I think todays drop is overdone; but then I was surprised the SP held up so well after the 80% climb from the Inish gold news ... which lets face it "could" be huge but its very early days. No doubt what has happened today is people have sold that had bought in recently expected a massive resource uplift - that was unlikely on a 2 hole drill.

I've lost a chunk of profit here today and I would have sold half had it risen today and then kept half for free, but hey ho.

Seems some people had expected Glencore to make a multimillion pound offer today .. about 1 minute after the RNS.

As that hasn't happened yet short term nancies have all sold ... goodbye I will lap up share ta

the last 2 times the India court case has been delayed was due to Covid (they stated that).

Could be delayed again .... and again ... and again ... but even WHEN it gets resolved we wont suddenly be digging up tonnes of gold .... seriously the market at the moment is so full of 5 minute Johnies moaning that the SP hasn't risen 50% every day.

I stopped posting on the last drop from 30p to 18p because of the whingers .... didnt hear them when it went back to 36p tho

People selling today to pay their tax bills next week.

Back to moving on no volume again .... this time next week Rodney :)

Top up and hold. JV is on its way.

We are waiting for the Drilling results from G11 on Stonepark ... completed sometime around 10th Dec so should be any day now. As it will come from G11 most expect and RNS after 1pm UK time. Any significant uplift of the MRE and BOOM.

Drill program at Stonepark consists of two step-out holes, planned to total around 810 meters (360 metres and 450 metres, respectively); and Holes will test extensions of the Stonepark Mineral Resource Estimate (MRE).

Stonepark MRE totals 5.1 million tonnes grading 8.7% zinc and 2.6% lead (11.3% combined) in the Inferred Category, located about one kilometer west of the Pallas Green zinc-lead deposit.

Pick any number between 20p and £4 !!!!

Could do with some good news, its been a crappy couple of weeks in my shares

30m for stonepark - but with no obvious interest from a bidder it not likely to mean much for the near term Share price. I think theres a bit too much hope that Glencore are suddenly going to make a bid.

I see the SP moving if the the drill results are significantly better than the current numbers, but then we will be back in a holding pattern until this years drilling plan is moving along.

Of course the movements here are exaggerated because the Mcap is so blatantly low for assets and assumed potential.

12 pence

Its not so surprising ... people tend to only follow 20 or so stocks at once .... I only picked up on ARK some time ago when I was looking to get into Gold stocks and ARK caught my attention, I didn't even know about the Zinc part then.

that presentation has been on G11 website for ages

What I find interesting is the increased tweets from Arkle about stonepark - 2 today - they never do 2 in a day !!

From the RNS 23rd Dec

To ensure that the Company was sufficiently resourced the Company took market soundings from investors and discovered that there appeared to be significant demand from potential investors substantially in excess of the Company's initial requirements.

SUBSTANTIALLY IN EXCESS of the initial requirements - so basically someone wants to give us a tonne of cash and we dont have a plan on what to spend it on but I bet we can find one !!!

The Board notes the concerns raised by some shareholders in respect of the potential dilution which may result from the future exercise of the warrants that are being issued to placees pursuant to the Placing. The Board therefore intends to engage with placees in order to seek to restructure the warrants with the intention of reducing the potential dilution to existing shareholders. Further updates in respect of the warrants are expected to be made in due course.

RESTRUCTURE the Warrants - I have no doubt they are legally committed to raise the warrants as the 400mill new placess shares were sold on the basis they would get a chance of warrants at 2p. I can't see those 400mill placess wanting to restructure.

This is down to a vote (that they legally have to hold). there are 2,000 mill shares of which the 400 mill placees will obviously vote FOR the warants, will Gareth vote against now he has got his way with a new BOD ? will there be enough PI's to get this voted down.

The last laugh is with TB and PR - they have royally screwed the PI's

If they up the strike price from 2p to say 5p would people still vote down the warrants?

I'll go check down the back of the sofa see if I left any wads of cash there so I can get some more ARK :)

Another stonepark tweet today .... does seem to be a determined effort to tweet about it a lot more in the last week or so .... I wonder if they are expecting good news ;)

Probably just not been uploaded yet