Member Info for Major-Tom

Rio, hinest opinion please. Where does a poster like me fit in. Deramper obsessive OR a considered, informed poster who asks fair and important questions?

Seis / Fulmar. It is folly to write off any poster who questions what a company says or does as a deramper with alterior motives. Some times they just have an alterior point of view.

I have been clear in my views here. I love the Zambian licences but do not think the Botswana licenses merit any more expenditure. I used to have faith in the management but this has been eroded over time and I no longer do.

These points are my true, honest opinuons. I or any ither poster sould be able to convey such points without being accused of having alterior motives.

Seis, i consider every post you post on here fully. Your understanding of the Zambian licences is very good. I do not know if you are from a geological background but your understanding tells me that you know what you are talking about. Yet when I raise questions over the Botswanan licences you seem to default to the position of the management say they are good so they must be. If you did the same level of investigation into the Botswana licences as you did on the Zambian ones you may struggle to justify follow up drilling there. Hopefully if you do and if you come to the conclusion that the Botswana licences are not as prospective as the managemnt claim you will be honest enough to put your hands up say so.

Seis, I do not talk my book. I call my buys and sells so people know my positions. If Arc drop between now and May I will most likely add to my holding. Then you can say told you so. MT was talkimg Arc down to buy lower.

However, after over 20 years in this game I understand that no matter what any of us PI's say or do we have no bearing what so ever on the valuation of any publicly traded company. The market sets the value. As simple as that. Unfortunately the same cannot be said for company directors. Their words and actions can have a massive impact on a company's valuation. And IMO we are suffering from that at the moment.

Lantier- I did miss it. Hopefully you are happy to share Remys views on the Botswana licences. My intention is not to promote negativity around Arc. I would love to have faith in the Arc managemnt. I used to have faith however this has eroded over time.

Dear oh dear Jayber. 🤣

AIM isn't gambling. Some gamblers do use AIM stocks for this purpose. However, some investors use the high growth potential of AIM stock to grow their portfolio. You evidently fall into the first group.

Given you are a gambler rather than an investor and do not seem to understand how investing or the mining industry works I will, as politely as possible, say thanks but no thanks and ignore your very well worded and insightful advice.

GL

MT

Yeah the 33p offer should have put a Floor under the SP around that price. Hopefully we see this rising over the coming months and 33p does turn into a floor price growing forward.

Fuku, totally respect your point of view. You always seem to digest people's points of view and are courteous in your replies even if do not agree with them.

Nick couldn't give a straight answer to the question of how they were able to pick up a highly sought after land package sandwiched between Khoemacau licences. The answer to me is simple. Beyond the reasoning behind of why the seller would sell if there was any chance these licences were ever going to be of attraction to Khoemacau then Khoemacau would have purchased them not Arc. Do they honestly believe Khoemacau were unaware of the licences, were any less nibble or were bot able to pay far beyond the capabilities of Arc for these licences. They knew about them and if they had any interest in then they would own them now.

Why do they have no interest in them. Vasiliou trying to paint the picture that the licences are so good because we heave the gut of the Anticline. Flip that 180 degrees and we understand why no one wanted them.

Vasiliou is geologist. He knows the prospectivity of the licences and IMO seemed an unwilling participant in the sale pitch. At one point Nick eve. Openly stated he needs to push Vasiliou to get excited, or something to that end in the, over the licences.

IMO ot was an absolute disgrace of a presentation. Spent more time dangling carrots about Khoemacau and MNG then on the actual drill results. Look at the results in the RNS and it easy to understand why. And I guess to understand the timing of the release of the RNS. As far as I can see there nothing to justify follow up expenditure on these licences. I just hope this sales pitch isn't a pre cursor to a placing to fund follow up exploration. Because IMO anyone with an ounce of sense will not contribute to this exploration which will most liky result in a massively discounted placing valuation.

IMO Nick is getting less and less plausible as time goes by.

I agree Tomrya. This is the most frustrating company I have ever invested in. I love the Zambian licenses. I think they are potentially the best copper prospecting and exploration licenses in Africa. If not the best, they are definitely up there with the best. On the other hand I hate the Arc management. I think that they are potentially the worst I have experienced over the years investing in this space. If not the worst, they are definitely down there with the worst.

That is the conundrum with Arc. The only way to get real exposure to potentially the best copper licenses in Africa is to invest in a company run by a management team I have almost zero faith in.

Stopthebs, I must disagree with you on the one trick pony comment. IMO that is exactly what Arc are at the moment. And the only trick they have in the locker is Zambia.

That Botswana presentation yesterday was seriously embarrassing. I don't know how Vasilios kept a straight face during that presentation. Maybe he didn't and that is why there was no video. If that is the best they could come up with to convince investors that these Botswana licenses were a good acquisition and merit further exploration, then heavens help us. IMO it is clear why Arc got these licenses. IMO no one else wanted them.

As far as I am concerned, the best outcome for Arc shareholders would be to reduce the head count, reduce expenses and become an incubator for our investment into the Zambian JV. Stop all this smoke and mirrors and look after our share in the JV.

Just listened to it and unfortunately https://youtu.be/h1xBgQcpMsA?si=1MwnUkElx3vKsySf

How could this possibly be construed as a delay? IMO it is a good update confirming strong interest from OEMS, battery gigafactories, traders and chemical processors. NBIO's received and moving to Stage 2 with a "number of preferred parties". Sounds like a competitive process which should hopefully result in a good honest outcome for ALL.

Very positive news indeed. The Ghanaian government has essentially just taken a $5m equity stake in Atlantic Lithium. As you point out with the lock in and with ALL reserving the right to buy back the MIIF stake they intend to take in the Ghanaian portfolio companies, if they ever decide to sell, MIIF i.e. the Ghanaian government are, unlike Piedmont, 100% fully aligned with ALL and the interests of ALL shareholders.

Will be interesting to see how this plays out over the next 18 months

Yes, IMO it is a missive buy signal when insiders are buying in such volume. Clear that they feel confident in the companies future. No one commits that sort of cash unless they feel that their investment is safe and that they likely to see their investment return profit. Whetehr that is through takeover at a premium or from valuation increase as we moved towards and into production does not really matter.

I personally held ALL before the bid was revealed. My initial purchase was not in the expectation or hope of a takeover. It was due to the relatively low AISC, relatively low CAPEX, relatively clear route to financing and the relatively quick development time of the project. This coupled with what I believe is a competent management team who have continually re-asserted their belief in the project and themselves by increasing their exposure to ALL's and the projects future.

However, I did increase my holding yesterday in the expectation of a further bid from Assore or a new bid from another party or the holy grail multiple competing bids from multiple interested parties. The big difference with ALL is that they have already received 2 bids for their largest shareholder and their largest shareholder has just increased their holding further at a premium to the market valuation.

IMO an increased offer from Assore is almost a gimme. Averaging down has increased my exposure to any new bid. However, if a new bid does not come I have faith that ALL will take this project through to production. In this case IMO ALL's valuation will be far greater than any takeover at this moment in time.

Assore already bid 33p without ratification. With ratification expected by the end of March and Assore increasing their stakeholding in ALL in the meantime I cannot see any reason they will not bid again before ratification. IMO they are likely number crunching to come to a final and best offer. Given this and the reasonable expectation that any new bid must be North of 33p which represents a minimum 70% increase from current price, it does seem strange that more people are not piling in.

Yeah Guido, the continued investment by the BOD in ALL shares speaks volumes. They have a better idea than anyone else what the future likely holds for ALL. They obviously believe the company has good potential and want to maximise their exposure to iy. IMO this has got to be a massive buy signal. Especially when we can buy below thier last purchase price.

I think we are around the bottom of the Lithium price crash. So much to come here with ratification, MIF, offtake news, potential increased offer from Assore, potential new offers from others. All in all 2024 should be a good year for Atlantic.

I am hopeful of a revised offer this quarter. However, so long as ALL continue to progress the project I am sure we will see ALL's valuation increase over the next 12 months revised offer or not. Hence I added aound another 48k shares today in expectation.

Fulmar, I do not accept that the managemnt have done anything other than the job they are paid to do. Let's be real. They have not been slogging away at the coal face for us. They have been paid handsomely to attend meetings, reveiw documents and negotiate a JV for us. All in the comfort of nicely air conditioned offices in their chinos and Grensons.

I cannot really comment on any specific reasons for any other potential shareholders. However, I can give you some specifics of why one of the reasons that I lost trust in them.

On the 15th of February 2021 Arc held an investor call were both the Nick and Remy clearly stated that Arc were fully funded to cover planned exploration through to the end of 2022.

On the 16th of March 2021 all the Arc Directors including Nick and Remy surrender 75,837,378 of share options. Apparently to benefit shareholder's. However, if the directors had exercised their options Arc would have received £2,407,075 in capital. Instead they locked in the profit of their lower priced options, without putting out a single penny of their own cash and took £3,474,179 out of the company in return.

24th of March 2021 = Arc announce a fundraise via the placing of 23m new shares, raising £1.5m for planned drilling and working capital.

The options had atleast 1 year left to run. There was no reason or justification to surrender them. No benefit to the company and no benefit to shareholders. The only people who benefited from the surrender were the managemnt. IMO they locked in the profit of their cheap, at the time, options without committing a single penny of their own money. All at the expense of the company and therefore every other shareholder. Upon reflection, at that point they were looking out for themselves and not sharholders.

I find myself in the very strange position where I am invested in a company inspite of the management and not because of them. I have great belief in the licences and Anglos ability to locate commercial deposits on them. Thats why I find myself in this strange situation. Anyway, I don't want to beat down a company I have an invested interest in. However, you asked the question so I felt it was right to answer.

Seis, I can tell you from personal experience that the actions of the management over the last few years has eroded trust for some. It has certaonly eroded some of my trust. I honestly think that their past actions is holding back the SP as some investors simply do not trust them. I hope they can win back that trust going forward. The JV is a game changer and should see Arcs valuation steadily rise over the coming months. Let's hope it does.

Took a few more today to reduce average. Will continue to buy if SP weakness continues. Expect tide will start to turn once JV cash hits the bank. Surprised the news that Anglo have committed to and commenced drilling hasn't swung momentum. Guess there is still an overhang of lack of trust in the management.