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Been there and worn the tee shirt too many times. Bought into, and sold AGL at a small profit twice in 2021.
Resisted the SEVERE temptation to buy back in at 50p, and less, but fully understand why shares were snapped up at that level as, on paper, AGL is a compelling story. As recent events have shown, a single piece of good news can propel not just AGL, but just about any share upwards.
My gut feeling is that at some point, AGL will be snapped up by a competitor, as opposed to blooming into a profitable, stand alone company. When, is anybody's guess, as is the price of such an event.
For clarity, that would be a controlling stake in the Joint Venture, NOT ARCM........
Your shares, your money, your decision, NEVER a mistake to take a profit when its on the table.
Holding on too long has always been my biggest mistake in the past, closely followed by misplaced faith, but I honestly believe AGL is good for 30p - 40p in the short term.
Whatever you choice, may good fortune be with you.
I think it was a fair and just comment considering the Minister represents a Government, elected on a platform to end corruption and incompetence. Given his position, he must surely be aware that such information is price sensitive, and whilst he was no doubt keen to pass on positive news, where does that leave those companies/future partners, whom it is anticipated will invest $millions into the Country, over many years?
Wrong footed or what, definitely not a very good image to portray to the corporations, playing to the crowd whilst disrespecting potential partners? I note that neither AAL, nor ARCM, have released an RNS on the matter, despite the cat apparently being out of the bag.
Keep the faith Pat, I purchased 10k in May, @ 18p, and thought that was a steal, then a further 10k in June, @ 13p. Could have bailed out today for a packet of cheese and onion crisps and a bottle of ginger beer, but earnestly believe Angles time is coming, don't know when or how, but IMHO, it's coming.
Indeed, why burst the bubble by confirming the current status of the licence applications. So much for the professionalism and integrity of the New Dawn Zambian Government, but at least those who bought a day return on the boat trip, could have made/make some money, not too sure about those who pre booked their tickets.
With respect, are you the same Jarv55 that posts on the GST chat board, if so, it seems you share the same problem as me, where you have allowed yourself to be drawn into 'personal arguments,'.......Seriously, you couldn't make it up, pot and kettle spring to mind.
The problem is that Arc assets only become 'sideshows' when they have, or are in danger of going belly up.
Previously valuable assets, handed over to end the Court, suddenly became trivial, minor, in-consequential.
Tingo shares, with a closing price of US $2.49 on 27th April 2022, valuing Arc's $5 million 'investment' at $7.5 million, is now termed a sideshow following the collapse in their value. (Does that count as ONE side show, or 3 million)?
Sale of Casa
Refreshing to see some reality injected into the conversation by yourself, and Baznic below.
Been invested here for a couple of years and have taken advantage of previous dips to lower my average to the current 2.2p. Have resisted the recent lower lows to average down further as the last fund raise showed, it can always go lower.
Fingers crossed that the board now have their fingers on the pulse, and the tide of fortune for GST has finally turned.
If you are referring to me, point me to ANY post where I either stated, or even suggested that the JV would not complete..... There are none.
Is there anything in my post that is factually incorrect, or is that the problem?
$3.5m US to be paid upon signing of the joint venture agreement, which was signed on 20th April, so where's the money?
Re RNS dated 20th April 2023:
Item iii). The proceeds from the transaction will be applied to *costs attributable to the negotiation, implementation and performance of the joint venture agreement, to advance the company's Botswana exploration assets, to fund activities for new project acquisitions, and for. ** general working capital.
* including Rothschild's?
** including the balance owed to PDMR's following surrender of share options?
To put things into perspective, that $3.5m US, is less than the compensation handed to PDMR'S for surrendering their share options.
How's the view from the cheapest seats?
Remind me how much it cost shareholders to settle the 'spurious' claims, and how much time has elapsed since it was decided the company should settle in order to move forward?
Hear hear, I wonder what the apologists position is on the 'spurious' court cases, that were going to be 'rigourously defended'.......another questionable chapter in the history of ARCM.
WHEN Anglo pay the $3.5m US, approx £2.75m, there will be immediate calls on that money from:
1. Rothschild's, who were surely instrumental in negotiating what directors and shareholders alike, term an outstanding deal for ARCM. How big a slice of the cake will their services command?
2. The balance of the monies owed from the original £3,474,179 awarded to PDMR's, who surrendered their share options in March 2021, and where payment is phased over 3 years, and therefore due in March 2024.
You weren't interested in who PAYPT were, what their trading record was, or how much we paid for it, questions which most shareholders/business people would regard as being basic necessities.
High opinion of yourself, not EVERYBODY holds your opinion in high esteem. More importantly, it seems the market wants to see some meat on the bone, rather than Global word salad, perhaps we should go for Universal.
As far as GST/PAYPT are concerned, 'facts' are rather thin on the ground. All well and good if the licence was effectively 'commissioned' by GST, and purchased at a small premium, but a different ball game if GST has paid a massive premium to a third party......... NO details, NO figures, so we are all just guessing, which is rather strange when one considers we are a finance company, and reliant upon information and building trust.