Member Info for Ortus

If the price is right I'd prefer sudden suspension prior to takeover news, rather than waiting for the SP to do it's thing.

Rooblertwo you'll never know for sure what info others have or haven't received from Tim so best just to decide on whether you believe or not and forget about it.

I can't see how those posting will gain anything by misleading us and they don't need to prove themselves. Some of us appreciate their posts so maybe we should let them carry on without scrutiny?

Money needed for Cameroon.
The acquisition of a new opportunity was also discussed. Interested to know more details on this including possible timeframes.

Those trades just after 9am are buys IMO.
Fairly sure looking at the spread at the time and that the SP hiked up minutes afterwards.

An extension was mentioned in the original AA RNS.

14th July / Exclusivity Agreement with Anglo American:
"During the exclusivity period, Anglo American will be permitted to conduct a technical review which, if satisfactory, may result in an extension of the exclusivity and the negotiation of a commercial transaction"

It describes an extension as a green light following AA's tech review and therefore should be considered a positive towards concluding a deal, and in no way indicates uncertainty.

It also states an extension 'may' happen which has to be included in any agreement of this magnitude IMO and it doesn't mean that an extension is likely to happen.

I won't be surprised to hear AA news soon personally.

Same from me Dcat many thanks for this research it's truly impressive. Great BB here look like a good bunch with lots ok knowledge.

Hello Westie50 it seems we have the same plan in mind! Exciting times ;o)

Jase86 I'm not sure about all brokers but with HL you don't pay the spread. The shares that are sold from the trading account are put aside to ensure the the same holder can buy them back into their ISA and it usually costs around £50. At least that's how HL explained it to me and my experience to date.

Many would have loaded up here at 1.5 to 2p in April / May (including the placement shares at 1.7p) in time to ride the usual SP lift into the summer and autumn months. Nice profit there and many would have always been planning to sell or de-risk at this point. Surprising with the AA news admittedly.

Of course other forces may be at work here too.

Yes your shares will become active in your trading account. You'll need to transfer them back over to your ISA if that's where you want them, but this is subject to your annual ISA allowance and taxable profits at the time since you're affectively selling and rebuying your shares.

No trades since 15:31....... Glitch?

Not AIM
Another recognised exchanged

Agreed Graham

Guys I appreciate there may be history between some of you but individually you all make interesting posts that add value and balance and it's a real shame to see these negative personal comments sour the board.

We should be preparing for good news and celebration here it's a little ironic that the tone of the board has declined somewhat. It would be nice to think your differences can be put to one side or at least filter each other.

Life's too short and wins are too rare. Hopefully we can stick to copper chat and getting wealthy.

Completely agree Unwise, great post.

I don't expect one of the hottest prospects in Zambia with a high likelihood of multiple tier-1 assets will sell for $260M. I'd be stunned if ARCM would even consider entering an AA exclusivity deal that valued the licenses at such a level.

I'm fairly sure the BoD won't be planning on returning 10p here and whilst it's all speculation I think we should be expecting something much more substantial than that.

I can't see a JV here personally at least not for the whole license area. I don't think terms could be agreed that suit both parties as ARCM won't want to give too much away and AA won't want to deal with small %'s. IMO.

Maybe an arrangement that involves splitting the licenses up could happen which may provide more options but I think the asking price of the whole lot would need to be considerable in order for this to happen. We'd probably need to have multiple tier 1 assets ;o)

IMO we have a nice problem here which is how to sell a very valuable asset.

I'm too busy deciding about 20p, 30p, 40p or 50p.

Looks like someone paid £1K to move 4M shares at 09:30 today. Expensive DIY bed and ISA?

Hello!

Now while, Arc Minerals has honed in on developing its copper projects in Zambia, the company could also be sitting on some other in-demand commodities in its licence areas.

“I believe that there could be nickel deposits on the eastern side of the project while there have been traces of gold found on the west side. This has resulted in a mini gold rush in that area.

“Also, we have found traces of uranium which is often link to gold. So while, our focus is on copper, I will not be surprised if we discovered other metals during our exploration,” concludes Von Schirnding.

Agree neilin62 although it's interesting to speculate it could backfire and take us back to square one, or square zero (extreme but not impossible).

I thought I had a good idea about the target until the convincing case for TILS was put forward which swayed me, but since we've moved on from this I'm back to my original suspect.

GLA

Thank you RKB that's a very interesting post!

So AG only wanted the LED tech which is now being used in his Solar 2 Food business:
solar2food.com/led/

And as for the other goings on you mention, well I don't really know what to say to be honest other than hopefully shareholders will get a good and well deserved outcome in the end.

Thanks again for posting RKB