Member Info for mikey9997

Either way its great news for the company if it goes ahead. Puts us in a very strong position in any circumstance.

RNS anytime confirming that the deal has been closed. Lets see how this pans out.

Blooming bargain, well done! :)

The whole system is crooked from the ground up. No-one knows how to value anything anymore because debt is now free and markets don't take debt (liability) risk into account. One thing I can assure you after all this is over, borrowing will not be free! It's all the wrong way around! Only the quality profitable companies will prevail. Zombie companies will fail.

So our MCap is more than held up by our cash + cash facility. Add to that additional $45M in potential royalties and all debt written off.
How can this be valued at £12M? Are companies just valued at cash in bank and cash facilities now? No value attributable to assets or huge royalties.

The deal confirmation RNS comes today. $50M sale. Ontop of recent $8M sale. Mcap £12M. Madness.

Fully funded and with $13m cash and upto $45M in royalties on the way when in production. ARCM Should be quite easily valued at 30M usd. Gold will always hold value and Casa (3m oz) will be developed.

+core asset. Now costs less than $13m. O.o

Sure thing. How can such an announcement of a upto $50m sale on top of an already $8m sale result in a company valued at £13M!? Without core asset taken into account! It doesn't make ANY sense!

There have been its just the feed that's stopped working for some reason. High grade copper asset, upto $45mill in royalties and $13m in cash. Now costs £13m. A new world.

Strong close? Lets hope so. Deal completes tomorrow.

So lets do the maths.
Earlier sale of Sturec for $8m cash, $5m loan note expiring next year =$13m cash. And potentially $45m in royalties following development of Casa.
WITHOUT even taking into our core copper asset, muswema.
Company currently valued at £13m???? Wtf? O.o

Looks primed for a leg up, probably trying to fill a big order. Happy to wait. Thats a very large royalty in comparison to MCAP and allows further development of main asset. Great deal. Likely confirmed tomorrow, don't be out.

Back to pre $45million royalty RNS. With market 3x less than potential royalty announced. Without even taking into account main asset! Absolute madness!

Going to receive more than double our MCAP in cash and SP going down... Hmmmm.

I guess we will just have to wait for this months update and final accounts in April. The first will show how resilient and efficient ARB is. The second will show this is a money making machine.

Bitcoin recovery in progress. Zero reaction on ARB. I'd be buying like crazy right now if I had the cash.

BTC price having a bounce. Let's see. Unless people think BTC will go to zero, could be a good time to buy in :)

Soon our value will be less than our cash in the bank. Lol.

ARB is still highly profitable at 7k and 8k bitcoin, it shouldn't drop too much more given the 50%+ increase in revenues last month! More machines means even more revenue, compensating for any decrease in BC price!