Member Info for mafioso

Its a non core holding

3m shares as part of Congo asset sale

I’m just saying the Tingo sp has not shown signs yet of a total collapse yet even after these allegations.

So time for ARCM to exit / derisk themeselves ?

Tingo sp is over 125% yoy and over 55% up ytd.

It spiked up n down in May, but is up over 20% since then

Med / lLong term trend of sp is currently still upward.

If it falls below last year then u have an argument

Clear, concise and transparent update, including a breakdown of their own CPs and key milestones hit.

Too much to ask to get the same level of progress update from NvS toward his shareholders.

The biggest problem I feel is lack of reliable expectation being set by Nick and sellers taking total advantage of Zambian processes

He set exactly the same unrealistic and misleading expectations last May in them Investor call when deal was first announced. Shareholder wee told them drilling would hopefully,commence in H2 2022 and that deal closure was relatively straight forward.

We have heard pretty much exactly the same expectations set over a year on, but with little clarity of the breakdown of the process and steps still needed.

Maybe putting out a definitive backstop date this time round would give mkt some sense of certainty that deal closure ,will happen at some stage and differentiate more from last year even if the date may not be totally reliable , So,even if the backstop date expires it can simply be extended so it continue gives the sign to mkt it’s matter of when and not if and it’s only local beurocracy and processes which are the delay and difficult to judge timescale

This to me wud be savvy,capital mkt behaviour by the company , to help counter any mkt uncertainty and hopefully arrest this sell off

Well we def have background seller/s who has been helping the shorters.

Firsr the 100k clips the last few days and now a 2.5m share dump @2.5p

So long as there is no inkling of news on this deal, then this sp is in a death spiral if this type of organized selling continues.

Need to find out who is selling at these levels

Funny when a sp goes significantly high on no news a speeding ticket get issues claiming no known reason for a rise.

When sp drops 40%+ on no news for an imminent and significant deal even, mkt never intervenes.

Cud be Macquarie Bank if they have no lock -in

Even at that sell price, it still represents a bag for them on some of their conversions

Who is block selling down here?

Don’t worry

I did contact the CEO as advised and Competition Commission cropped up which is a reg area I hadn’t considered up till now

RNS @20-Apr-23 "The Joint Venture Agreement, including related investments and cash payments, is subject to certain conditions precedent being satisfied, including normal regulatory approvals in Zambia. All other substantive commercial terms of the proposed Joint Venture remain unchanged from those previously announced on 12 May 2022."

There is an Agreement to form a JV, so once Conditions Precedent are concluded the JV can be signed/formed (Effective Date)

Does any one have any transparency of what the certain conditions precedent means here please which are on top of the regulatory approvals from Zambia govt.

Has anyone asked the CEO the details here so we can manage expectations properly.

I don’t think it’s purely the licence approval, that is delaying AA from making first cash payment to ARCM.

It all bit odd why AA have not committed the funds yet. Also not very clear why they pulled out from the jurisdiction in first place 20yrs ago and now want back in. Is there some history between AA and Zambia causing these delays.

It’s seems all. smoke n mirrors here. No reason this deal should have taken this long to get to a stage where it’s at now where still the licence is still being sought and other apparent conditions

Are outstanding.

Where is the transparency here?

That vid was from a year ago.

Having to scratch around for updates here.

Having an Investor call after an extended period and still not able to conclude deal is poor imo .

Timelines still unclear on this and whether they will be able to drill this year or not.

And they are not focusing on anything slither till the deal concludes.

So the wait goes on…..,

When the rto took place to create EISB , the original shareholders from Bermele, including TP were in from sub 1p….

Agree.
RNS sets some assurance that MSYS is not gonna pull trigger and quell the rumours that were going round

It all about deals in pipeline now

MSYS have agree a new replayment schedule with DVRG to service debt of £100k / mth.
MSYS also say they are due tax credits for last 2 tax years of over £500k and have a healthy Chas balance.
And they have agreed to fulfil of their 2023 contract agreements.
So in short to medium term MSYS will not recall in all the £1.4m imo
If next news is new deals and a Trade Finace agreement to plug gap of short term capital then a turnaround is on

Trade finance products fit into specific parts of a business transaction and reduce the lag time for that part, either through an injection of cash or an assurance. This is helpful for the overall business and industry, but at a more micro level, it helps with the working capital of the exporters and importers.
Lots of big financial institutions offer these and mainly used within imports and exports businesses.
Interesting to see how DVRG can harness this

I stand corrected.
£10m was conditional placing , but that would have been primarily used to pay off loan facility in full which must have used most of it up.
Since then there have been £2m cost savings to make what ever money they had left for working capital last further for longer.
A turnaround in fortunes is being attempted as far as I can see.
What was uncovered Monday were still past misdemeanours of previous BoD in charge but they have all been sent packing .
Since Nov everything announced has been to right past wrong doing and put company back on a renewed course.
I wish them ATB to turn this bad situation round

DYOR? Lol

Nov’22 original intention was £10m placing, but had to be scaled back to £1m up to max of £2.5M due to lack of support @ time
In the end only £0. 8m was raised

So the fact they still have £1m cash is commendable, so new BoD are being tight on purse strings last few mths given their situation compared with previous BoD.

New CFO is doing his job

MSYs debt has been renegotiated on new terms short med term, to give a some extra breathing space to come up with a funding solution.

It’s still back against the wall, but revenues have still come a long way since 2019 relatively speaking even with accounting malpractice and mismanagement of prev BOD.

It’s now whether new BoD have enough time and money now to turn things round and most importantly regain trust in mkt

If they can somehow close 1 or 2 new deals they still have chance. But time not on their side

Looks like Blackrock have followed Richard Sneller out the door.
That’s 2 high profile big hitters who have sold out
Cud be a short term technical bounce here from these levels but fundamentals of company now look more risky too.
GLA

Since the tweets around completion of Novoe drill.
Last interview with Proactive just before Xmas, Alex has a slip of tongue @3:45 alluding to the fact that he already has those results before quickly correcting himself.
The REE drills were brought forward a qtr.
No way it takes 5mths to get assay results
Logic tells me now the gold drills are being held back for a reason and not to expect too much from them. instead wait for results these later drills.
Im now expecting all drills will be released together now from best to worse, in hope that one or two has had a good hit.
In meantime CEO, has filled void in waiting with numerous end of year interviews, repeating himself, when mkt is expectant and wanting results which was a pointless exercise imo and lack of sp reaction reflected this
. CEO should be conducting interviews post results not on lead up imo if he is to be taken seriously .
Needs to brush up this side.
Just my constructive pov.
. Statistically speaking, chances have increased to have at least on good drill hit with bring forward those REE drills. Let’s see….
Fingers crossed. I live in hope

Surprise, surprise.
But hats off to all the prior ramping and sp rise.

…since Tweet went out of assays about to be sent to labs.
Pushing limits of expectation here on turnaround times.
Filling in time with lots of interviews .

Time to provide some. Tangibles please