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What Fulmar likes to call trolls/trolling, (in the hope that it sticks), is anybody/anything that offers a different opinion/position than his own. I call it honest bearish opinion.
It is a fact that over the past 4-5 weeks there have been two spikes in the ARCM share price, both of which arrested, and then reversed a declining share price
Perhaps NVS / Anglo are out there to find out what the f*** Is going on? Government Ministers, with NO obligation to the LSE or ARCM shareholders, announces that he has signed off on ARCM licences in order to appease the locals, but apparently fails to notify the licence applicants who, hopefully, will be investing £millions into the Zambian economy.
Further to my post at 11:53, it seems I inadvertently misquoted the current value of ARCM's holding in Tingo shares. I unreservedly withdraw that figure, and respectfully invite readers to do their own research in respect of same.
Sincere apologies, I made a genuine mistake.
Careful cattleman, Fulmar does not like people making 'property' related analogies with ARCM transactions.
I posed the same question with the on, off, on, off, on, off Casa sale, always to the same perspective buyer, despite failing to complete, and always without a penalty.
I asked how many home owners, having accepted an offer on their home and being let down, would then entertain a subsequent offer from the same buyer.
My post received the standard Fulmar treatment, but hey, the end result speaks for itself, Tingo shares valued at circa US$700,000, and not a word from ARCM about the recent events surrounding Tingo.
Yawn........ At the end of the day, does anything you wrote alter the financial position of ARCM? Does it make the value of its shares in Tingo any more valuable? Will it hasten completion of the JV? Does it cast any light on the Botswana assays?
Have you found the official notice that Rothschild's are working Pro Bono, as you stated?
Re Botswana Assays: I have seen one or two mentioned on this board, and whilst they were definitely feasible, they were all based upon conjecture, of which I believe we have seen more than our fair share of over the past 48 hours.
Excellent summary of the situation DG, but, according to my reckoning, the outstanding liability owed to PDMR's who surrendered their share options was reduced to £2,983,216 following an initial payment, therefore I believe this could be the £2.9 million of payables, (due within one year).
Another 'liability' not addressed in your summary is payment to Rothschild's for ALL their services to date. Everybody has acknowledged the remarkable deal negotiated with AAL, and one presumes that Rothschild's played a major role in negotiating that, so is it unreasonable to expect that once ARCM are in receipt of the early fruit borne from those negotiations, they will be invoicing ARCM for their services in connection with same?
Whilst I understand the confusion, and the reasoning behind your, and other posters assertion of Arcm receiving 66% of the JV values listed below, I personally took the RNS of 12th May 2022 at face value, of which the relevant details are copied below.
- Anglo American has the right to retain an Ownership Interest of 51%, by:
o funding exploration expenditures equal to USD 24,000,000 on or before the date that is 180 days after the third anniversary of the Effective Date ("Phase I End Date"); and
o making cash payments to Arc Minerals totalling up to USD 14,500,000, as follows:
§ USD 3,500,000 upon signing of the Joint Venture Documents ("Effective Date");
§ USD 1,000,000 on the first anniversary of the Effective Date;
§ USD 1,000,000 on the second anniversary of the Effective Date;
§ USD 1,000,000 on the third anniversary of the Effective Date; and
§ USD 8,000,000 by the Phase I End Date.
Clearly there is a big difference between 100% and 66% of the monies involved.
The voice of reason, but is the main protagonist listening?
When both reason, and turning the other cheek fails, one tends to resort to retaliation.........Guilty as charged, but I will try to remain civil, and objective.