Member Info for Joeman1

Has anyone identified the lock in term for the DPM shares received? In the recent offer it was suggested that selling the shares (once received) may result in the need to pay DPM some transaction fee. This has to realistically have a timeframe attached to it but I haven't found it.

15 million MC?

Should have gone to specsavers

Seriously Clyde? With all the reported work streams going on, their decision to issue the MRE at end of year with some additional drill holes (which will add value).

This one change is enough to get you to throw in the towel on Kasiya?

Wait.... just let me remortgage my house. I have a good feeling about this one.

Joking aside, that was a great Q/A summary there.

From the DFS geotech RNS in April they were estimating Q2 for the updated MRE. So it must be imminent.

We must be due an operational update RNS any time now.

Im looking forward to eventually seeing the copper production coming up to be the predictions..... one of these days.

Seems pretty straightforward to me eastern. We can earn in up to 70% by funding the exploration however Cooper Lemon can maintain 70% is they fund a proportion of this.

What that paragraph doesn't really detail is the actual breakdown of funding and resultant JV split..... Id ASSUME it is on a sliding scale but ive been burned assuming things with CB companies before.

Its worth repeating a couple of points from the Prefeasibility Study back in July 2022.

1- NPV $482million

2- EBITDA >$1billion over the life of mine

3 - 14 years Life of mine - subject to extension from future drilling..................... I think the drilling down to 100m (from 30m) still in mineralisation falls into this category of extension.

I'm the opposite.... my Halifax accounts show the consolidated number of shares and the 15.6p Friday closing value..... im crying into my beer

Distressed territory? How many millions in the bank following the last raise? This wasnt a distressed company, it was a company just about to reap the benefits of their high grade mine.

DPM have swooped in just as the narrative was changing.

You could argue there was still risk around what price it would settle at but they had declared commercial production and made their first debt payment.

Definitely a steal for DPM, so their dividend payments better increase from 1% in 2026.

What about the caveat? They don't know if further drilling will be sufficient for a mineral resource?

Is that just a standard statement?

If this is true and not just a journo error then they are p%#@*s..... the lot of them.

There is a point where integrity becomes a sweary word.

RNS response to media statement NOW!

They are buying on the open market as part of this exercise. That has to be a positive sign.

How much dilution do you think we would incur to drill this out? Plus the whole time not exploring anything else

Not half as diluted as we would be if ARCM funded the drilling themselves.

Trouble will be if AA don't realise a significant resource then we as shareholders will get nothing but ARCM execs will have been well reimbursed.

If AA firm up something significant that gets developed then we shareholders will do very well even with JUST 30%.

We do need to see AA stepping up their drilling campaign. I think it's the slow start that is resulting in the shareprice continued decline

Have we seen NPV figures for the plant expansion design? They raised the money for it.

This is an area that can push the valuation for a takeover

Noted that their current liquidity is close to $1billion and so will have a lot of leverage. Close to our current MC.

Im not seeing the DFS coming in a couple of weeks..... could be wrong but im expecting it to go into July.

Would be happily surprised if it was pulled forward from this.

Looking good according to update RNS.

Still ramping up (a little behind target), but everything seems to be progressing well including the leftfield need for a different tailings storage facility..... all up and running now.

First loan repayment made and nearly 70million in the bank .... should see them through any blips.

Maybe start to get a feeling next update of how profitable this operation is proving but in terms of the operational metrics I'm happy.

ART,

The thing I missed on my first read of the RNS (and I stuck a couple of £k in on the back of it), was that these holes were into existing known mineralisation ahead of stepping out with drilling to attempt to put a size on it.

Ive fallen for the C Bird "long 'ole" trick again and I should have kept my powder for a bit longer.

That said, if im right and this was intentional to generate some interest, (like was done on BR), then it is not surprising we haven't had the other assays yet. I would expect to start seeing results once there is a longer story to tell, maybe with some detail of where the next holes will be going in and why (again like BR).

What I would say is.... the difference between BR and here are the grades and the understanding that even a relatively measured increase in the amount in the ground could have a massive impact on the potential.