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First bought in here at 9.4p back in 2018. Ridden the many peaks and troughs, made plenty money along the way but still holding a fair chunk. I believe this will cement a new level for the sp. Where it goes tomorrow is anyones guess but I imagine we will be tackling 35p as a first leg up.

Spoken to a few geologists about the 3 well program. Their opinion is that the pilot well was the riskiest of all 3 wells due to the small sand package. A3 has gas responses on seismic which the pilot did not and a much bigger predicted sand package. Serenity has the largest of them all, which dynamic contact data being matched to regional depletion. Those willing to be greedy when others are fearful might end up being the best move of 2019. I have re-added to my holding.

Quite impressive that they've walked the entire global stock market down just so that the family offices can take positions in ARCM at lower prices.

Laughable suggestion.

@Alfiegriggs1 - No, it makes no difference what they're reported as.

What was previously described as "the third hole" which we were awaiting assays for was actually CHDDE005, described today as hole 5. If you look at the first assay results RNS, the description of where it is located is the same as in today's RNS, and the map further confirms that.

It's just naming convention vs chronological timing, and is not an issue. CHDDE003 hasn't been drilled yet due to minor technical issues, as detailed in the SP Angel report, so it was never the hole being referred to previously by NvS.

What are your concerns Franco? Perhaps if you air them rather than just blindly panicking then we can help with your worries.

https://twitter.com/CalderCapital_/status/1149051418374004736

"This is the proximity of Cheyeza East to First Quantum's (TSE:FM) Sentinel Mine. It's 35km away from their processing facilities.

First Quantum Minerals are a US$5.8bn company.

If any of the Zamsort prospects are reasonably sized, FQM will be extremely interested."

Picture is in Tweet which shows the scale of the Sentinel Copper Mine and how close the Zamsort license is. FQM will be all over this if it keeps going the way it is.

I would hardly call the last couple of days either a pullback or lacklustre. Holding the same level after such a rise is extremely encouraging.

Updates historically arrive at 7am, very rarely during the day. There's no rush here though, the drills are still turning and we know we'll get regular assays for the rest of the drilling campaign once they get into the swing of it at the lab.

PREM also no longer have an interest in CASA, they sold it in exchange for ARCM shares over a year ago.

Care to give any more detail to your opinion?

The asset is excellent, high grade and of a decent size. It's in a good region for graphite miners with neighbouring mines recently receiving mining permits. Those mines, which have similar resources, are valued at 5-20x the market cap of ACP.

The economics of the ACP project are superb - IRR of 122%, NPV of >$300m at lower than current graphite prices, and low capex costs of only $35m.

Share price movement has been poor the last few weeks, but it's far from a big bundle of ****** when you actually look at what the company owns. Newsflow is due and I believe patience will pay here.

@topsharepicks - as discussed, NvS mentioned in the investors call today that the driller is going to accept payment in the form of shares and that will include locked in conditions. He mentioned that additional financing might also be considered, but that would be in the case that they've found so much copper that they need extra drills.

Also when discussing the gold assets, NvS said something along the lines of "we have been approached but I can't say anything more about that" which sounds like something may be afoot.

Investor Conference Call

The Company will host a shareholder conference call at 12:00 UK time on Thursday 4 July to discuss these results. The call will be hosted by Arc's Executive Chairman, Nick von Schirnding with input from Arc's technical team.

The following numbers are available to participate in this conference call:

UK (Local): +44 20 3655 9680

Sweden (Local): +46 85 05 32 900

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France (Local): +33 1 70 95 91 00

Please enter participant pin number 1053446# when prompted to do so.

Note that until the Q&A session has begun that all lines will initially be muted with the exception of Company management.

Anyone who was actually planning to sell tomorrow wouldn't be posting that they're going to sell tomorrow. Good luck with your entry price, personally I'd be surprised if there was a placing so early in the drill campaign. We have plenty of cash for now.

Hi fatboy88 - the copper grades are substantially higher so far. The grades reported at Kalaba were CuEq (copper equivalent) meaning that the reported grade included cobalt mineralisation too. While cobalt is a nice bonus, the main reason we're exploring in the African copper belt is for copper. The copper grades at Kalaba were ~0.5% or below, hence the excitement about the high grades seen here in comparison.

As NvS said in the interview today, these are closer to DRC grades than Zambia grades - they're much higher than any encountered for several years in north-west Zambia. And we're within touching distance of some of the biggest copper mines in the world.

While you're closely watching your children, do you constantly mutter at them how much of a disappointment they are to you and berate them for their lack of success in life?

Yes, they will see upwards SP movement as positive and downwards SP movement as negative. My point is that they won't be watching it daily and emotionally fretting about it like you do - they'll objectively reassess the situation periodically and make decisions based on that.

Quite frankly I think it's very poor of you to compare NvS to the blatant crook that is George Roach - if you truly think there are similarities between ARCM and PREM then I have no idea why you're invested.

The metals markets haven't been doing well this year and this is the same across almost all junior companies. If I was as negative as you about the future prospects of ARCM specifically then I would have sold by now - I dread to imagine what you think of other companies if you have decided this is a better home for your money than in any of them.

What do you hope to gain by coming on here and bleating every day?

@ChinaBlue, I can assure you that the family offices aren't watching the share price every day and fretting over lack of movement in the same way you are. They made further investments earlier this year based on the prospectivity offered by the newly defined drilling targets. They will now be sitting back and waiting for those drilling targets to provide some results.

You should try to fret less, this constant level of worry and stress can't be good for you. The share price isn't going to go anywhere until we get news, just come back when that happens.

You realise that the gold price has been doing well for less than a month, don't you? Until now it has been stuck in a range for over 5 years. If it manages to break out of that range then it's incredibly good news for ARCM and will greatly improve our position when it comes to selling the assets, but that doesn't happen overnight.

You should be patient more than worried or concerned.

Sorry, those should be in US$.

@ivans - debt NET OF CASH is £10m. Cash is £13m, so debt is actually £23m.