Member Info for Jeremiah99

I didn't expect to still be sub 2p after the big seller was taken out and two directors have dipped in and bought more.......but our time will come when we should be looking at single figures in the rear view mirror.

Good point about Nick buying more at around about the ISA limit when he has fingers in other pies but instead chose ARCM. I wonder what negative spin Donkey and the Wailers can possibly fabricate on the matter?

Very reassuring. I guess he's in a better position to predict what's coming than braying Donkey and the Wailers?

The obstacle to drilling in rainy season appears to be traveling to and from the sites as the roads are mudbaths. From the photos I've seen of remote drilling sites the equipment doesn't seem too big, apart from the transport to get things onsite. I wondered why a company as big as AA couldn't have a helicopter on hand to move equipment around, bypass the quagmires and continue to drill despite the weather? After all "Time is money"

It ought to head back towards 3p much quicker than it dropped, IMO. Just in time for a little drilling restart boost as the icing on the cake. :-)

Let's see how many people are still interested in what they have to say...

I'm just interested to know how many people still read their offerings...

Actually, my original maths was wrong. I see that I've added 30% not 25% (for any maths pedants out there)

Sorry, you lost me. All I assume is that if the company's share total has risen by 16% and my own holding has risen by 25% then I now proportionately own slightly more of the company than I did before. That too at a reduced average of now 2.86p (down from 3.16p)

I've personally offset the dilution by adding about 25% more to my holding at these nice low prices. :-)

Each to their own but if early drilling results look promising I can imagine looking at a single figure s/p in the rear view mirror. Of course the contrary will also be true that we'll be stuck here in the doldrums should ongoing drill results prove to be mediocre and confidence fades somewhat.

...and a rare opportunity for ordinary investors to get in at artificially suppressed prices. :-)

I think I'll also have another 50k shares if it stays below 2p tomorrow. The price is being a little artificially suppressed at the moment.

Realistically, I'd be happy with 1-2 tier 1 mines on our patch (though it will take several years to quantify exactly what we have) I'd guess we'd be worth 10-20x current valuations if that scenario ever transpired.

I wonder if the Swedish pension fund have twigged that they've been wasting the teachers' contributions by continually selling off and depressing the market price instead of at least waiting until drilling resumes in a couple of months when the s/p should be higher?

You've just given them a whole evening of the oxygen of publicity. As Oscar Wilde said "There's only one thing worse than being talked about, and that's not being talked about!"

Someone ought to tell the Swedish Teacher's pension fund trustees that our derampers have most likely caused them millions in losses through having to sell at prices depressed by the incessant negative posts. Maybe they can sue for compensation?

A good summary of ARCM's current situation, IMO. Pretty balanced and detailed enough from an amateur investor. The kind of holder I wish we'd have more of on this BB. I particularly liked his observation that even if we need to raise this year that it may only require as little as a 5% dilution. On balance there appears to be far more scope for upside than any downside risk at these levels.

Kudos to those still hanging around from the heady 10p days of yesteryear. Mcap now at -99% of its former highs. Is there still money to be made by judicious trading? I can't see any other reason to cling to old Salmon Slacks's personal gravy train.

No doubt the deramp crew must have been peeing their pants in delight in the erroneous belief that their input has been undermining the s/p lately. Now they will have to go back to realising that they're still a bunch of irrelevants (Please don't bother replying, I've had you 4 stooges on filter for months)