Member Info for nick0212

What an horrific year for Arc. Genuinely a shambolic turn of events for LTHs, now sitting on substantial losses. I've no idea how we can be in this position with the agreement we have. Apparently no news either.

Looks like a big drop towards end of today... Surely not lower lows!! I may be tempted to sink more money at this dog yet 🤦‍♂️

Wow. This has hit rock bottom... Hindsight is a wonderful thing, but what an opportunity we had to get the f*** out a few months back - I have about half of what I had before at a lower average, but in a way I wish I'd put this to work elsewhere.

GLA 🤦‍♂️

Pretty sure I've been in this share for 20 years, but yes - always jam tomorrow with this company

Yesterday's little top up was not the best of timing! Haha

Thankfully sold out of 70% of my holding in this during the recent nonsense spike. Getting a bit greedy hoping for another... Think I'll steer clear for now

I'm hopeful it's a genuine uptrend, but very glad I sold down 60% of a too large position in this -- sometimes averaging down a dog does pay off!

I'm hopeful this will come good, but only a 0.5m position for me now. Hope some others managed to make money or recover some from the spike.

My own view would be this is still a very long term hold and will in all likelihood fall back now.

Atb

Tbh this share is so low now a few of us to club together and do a buy out. And then we can do what the management should have done and turn it into a shell while waiting for royalties. I'm sure we could sell all of their recent projects/licencing, sack the board and rid them of their wages and the go private as a dormant co. awaiting future royalties... Just a thought haha

Here***

Even the management know it's bad when they hide financial results in an after close RNS. Either a very long term hold and hope, or a sell and count your losses. Extremely poor showing -- and to think this relisted at ~3pps. How this Board gets funded I have no idea, and am genuinely only hear as a consequence of BMR and am quite stubborn about it!

Bought more for a laugh. Over a million of these now at 65% down (from BMR days). Looking forward to never letting this company forget we're due something for royalties from JLP at some point. Re funding, wtf knows. This is a dog of a share.

Not the first time either. It implies fair value is MUCH higher than current SP, so I'll continue to hold my losing position. Gotta be the most sensible option at this stage but wtfdik

Same. I dialed in 5 mins early

Expect good news followed by a share issue that only insiders can participate in. Pretty standard for companies like this.

Feel like we should mention it every so often to remind the bod that we won't forget... Shambles this company, surely the royalty is about all it's got going for it?!

Don't we still hold the royalty (due from JLP)? Or is that something the Directors would like us to conveniently forget?

What it comes down to is that the CEO won't admit he was wrong about his over ambitious timeframes. The most powerful skill in the world is having the ability to admit you were wrong. Not enough leaders have it.

There's always a way of getting a message across - it's called semantics (and 5 year old children use it!).

"We write to update you on the progression of JV... As reported on xxx, we agreed the deal in principle with AA. Subsequently, we have been working with xx on the important work of clarifying the legal aspects of the venture, including licenses etc. We previously suggested a timeline of a few months and I take this opportunity to update shareholders that our assessment of timeframe was inaccurate. We look forward to updating shareholders soon once further progress has been made and will continue to liaise with our Zambian partners on all outstanding issues. We also take this opportunity to provide an update on cashflow. As at xxx, we have xxx cash at hand. We deem this to be sufficient (or not) to cover operational expenditure during our reassessed timelines".

^probably nonsense and made up on the spot, but draft something like this, get legal to review it and Bob's your uncle^ - not difficult!

Really annoying how long this is taking! Surely an update rns is in order (radio silence in financials was promising, bit only if real news follows ). Very long term holder here who probably has less funds than Arc! Haha

Still new information though and no new information was to be shared 🤦‍♂️

People always get caught up in this argument that high yields are unsustainable... if the share price was £1.20 the yield would be far lower and cash payment identical, so really nothing to do with sustainability of payments at all 🤦‍♂️

The company is either in bad shape because of something we don't know (in which case huge insider trading) or is cheap and a 20% yield is the potential reward -- why would they cut the dividend during an active BB period?!

To be honest, I'd probably cut the dividend and rapidly buy back more shares (assuming all is ok with the company), but unless such action is taken I can't see Divi being cut