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Sincere thanks to fulmar29 for his recent link, pointing the way to the future.
Clearly our future lies not in Zambian copper, but in fertilizer, of which ARCM apparently has in abundance, not least it seems from Casa, (which was once considered as the 'future' of the company), and the waffle from the boardroom.
LOL, If nothing else, it will ensure there are sufficient funds to pay the PDMR's the next instalment of their 'compensation' package.
In keeping with my policy of HONESTY and OPENNESS, I should like to confirm that at 10:11 this morning, I reduced my 2.2m holding in ARCM by selling 350,000 @ .0371, slightly above the mid price, but it was a SELL.
Hi Ella,
Not sure that I should be seen talking to you, people will accuse you/me of talking to oneself, but hey, what the hell.
Many thanks for your contribution to the board, some of us recognise your value, indeed, until you recently posted the comment regarding the compensation 'payment,' I was blissfully unaware that anything had actually been paid.
I think the important point to remeber about the outstanding balance, is that everything is at the 'Company's Discretion.'.........Enougth said?
The fascinating thing about the options surrender is that amidst all that must have been going on at the time, with the EA/AAL, somebody woke up one morning and said, I know, lets give shareholders some certainty and surrender our share options.
Could this be a clue as to where any money will go?
NOTES TO THE INTERIM FINANCIAL STATEMENTS
for the period ended 30 June 2021
Other payables is the non-current component of the consideration payable in relation to the
surrendered options as announced on 16 March 2021 (see note 7).
7. Trade and Other Payables
Group Group
30 Jun
2021
31 Dec
2020
Trade and Other Payables £ 000’s £ 000’s
Trade and other payables 509 351
509 351
Included in trade and other payables at 30 June 2021 is £490,963 (31 December 2020 - nil)
being the current component of consideration payable in relation to the surrendered share
options as announced on 16 March 2021. The total share based payments expense in the
period was £2,355,729 recognised in profit and loss (30 September 2020 - nil).
If I am reading things correctly, and my subtracting is correct, we need a further £2,983,216 to pay the balance owed to the PDMR's who were allowed to surrender share options, despite the company being in the middle of an EA which had clearly lifted the share price.
It was pleasing to see how, despite their feelings that Casa is a side issue, Seis Nav took the time and trouble to dig out, and share the document relating to Chun Can/Golden Square, a genuine thankyou for that. I had reason to suspect that Chun Can and GSEP were now one and the same, and so it seems did many others, and now, thanks to Seis Nav we have clarity. You see, despite differences, respectful, honest, open discussion CAN produce results.
By all means 'take the proverbial,' but remember this, IF my comments have a negative impact on the share price, (which I doubt), I lose, NOTHING would please me more than to see the SP rise as a result of a JV or, better still, a full bid, I win, but being one of the three wise monkeys will not change the reality of Arc's past, present, future.
In the midst of this ceasefire, I wonder if those who now describe the Casa sale as simply a sale of a non core asset, or a sale that was expected to be a long drawn outcome; were around at the time Casa was acquired, as a core asset, central to the development of the company? If so, have they revisited their comments on the purchase at the time, or their comments following the announcement of the sale of Casa to GSEP? I suspect that both events were celebrated with euphoria, but no longer.
End of Ceasefire.
'Spurious'..............Now where have I heard that word before, oh yes, I remember, it was in connection with legal actions and it will end up costing ARCM shareholders over US$2 million.
Oh I'm invested alright, just dont understand all the euphoria for the mediocrity/failure that is served up by the board.
Care to point me in the direction of ANY successful ARCM transation over the past 2 years, other than the PDMR's surrender of share options?
How very droll, I had been in the process of posting a conciliatory reply to your 15:10 post, but I deleted it as I see you cannot help yourself. Do you buy salt by the lorry load?............No need to reply as this is a rhetorical question.
Hi Sewing machine, ........Touche.
"I just don't believe you. Too much of what you type seems contrived, repetitive, mis-directed, amplify the immaterial, on the coat tails of others...get the picture".
Meaning of contrived: Deliberately created rather than arising naturally or spontaneously. Created or arranged in a way that seems artificial and unrealistic.
"I will in good faith give you my opinion".................This is the part which intrigues me most as everything I have posted was 'In good faith,' and was of course 'my opinion,' but apparently not accepted as such.
Serious question, is it that you do not believe I am a shareholder in ARCM? If so, I am, as a gesture of goodwill, prepared to provide you* with evidence to that effect.
If the problem is that you seriously believe I have an ulterior motive in voicing a differing opinion, or that I am working in collaboration with others, then I'm sorry, there really is nothing I can do about that.
* This offer is extended to Turtle Wax, who recently asked for the infighting to end; to Whiley, who was gracious enougth to post a respectful response to my questions in the hope that I wasn't a troll; to Live Data, who posted words of support and was mocked for it. (Apologies to any/everybody else who offered positive input).
For this specific purpose, I have opened a new email account, and whilst you have nothing to fear, I would suggest that you do the same, and open a new account so everybody's privacy is assured.
oldtruthful@gmail.com
Sewingmachine, with respect, my opening paragraph contained no quotation marks, and made no direct reference to your comment. My comment summarised the general comments/remarks that have been made, from many quarters, about the asssets surrendered, and their monetary/strategic value to the company.
In the same way as I have no control over people disrespectfully refering to me as a troll, or Tonto, I have no control over how you perceive the post, or what you read into it. How dignified do you consider yourself to be in referring to a fellow poster/shareholder as "Tonto".................."Greetings trusty Tonto to Ella's Lone Ranger".......Now that IS in quotation marks because, out of the blue, you (a) said it, and in so doing, (b) decided to join the other idiots who seek to shout down opposing opinions?
I get the humour of the Lone Ranger and Tonto, and whilst I have not taken offence at the title, I am offended by it's implications of being a troll, or working in collaboration with one or more persons, or for/with an ulterior motive. Regardless of what anybody thinks, I am simply a PI, with a holding in ARCM, seeking to make a profit, nothing more, nothing less, and people who respect that, will receive my respect in retrurn.
Sewing Machine. I love the way everything we seek to sell, or hand over in legal settlements is suddenly of NO value, NO interest to the company.
Was the sale of Casa due to be completed on 15th March or not? Have we been advised of completion or not? Have we been advised of any change in arrangements or not?................ For me, the silence is a failure on the part of the board, and shows contempt for the shareholders, who actually own the company they work for.
Would the sale of Casa, as proposed, result in an immediate US$750,000 payment to Arcm, followed by another US$750,000 payment in 90 days? Ahead of a drilling season, would that money not be beneficial to ARCM, or is that another irrelvant inconvenience?
As you mentioned regular updates, it's well worth revisiting the past RNS's issued in respect of ARCM's pursuit/purchase/stewardship of those now apparently Useless/Worthless assets, because NONE of them were deemed either useless or worthless at the time we pursued and purchased them. You might also like to review some of the interviews given in respect of said assets...... at the time, and note the enthusiasm shown.........at the time.
Also worth noting that at the recent CC, Nick passed comment on the DRC, but how does that sit with the fact that Casa was involved in the DRC when we pursued and purchased it, little has changed inbetween times, for a variety of reasons the DRC was, and remains, a difficult place to do business.
What does your evaluation of the assets in question, and for which ARCM paid good money, say about the judgement of the ARCM board for buying them in the first place?
My purpose in directing interested parties to the LSE BRH comments board was to show that;
1. ARCM is NOT my only interest.
2. That I do not comment for the sake of commenting.
3. I post under one user name
4. Unlike so many others here, I do not assume one poster in in league with another simply because they post similar comments.
5. Unlike so many others here, I do not dismiss other posters views simply because they differ from my own.
Believe it or not, due to their life experiences, people form/hold different opinions on matters, and make their own judgement calls on what they are/are not being told.
Another 'conspiracy' theorist, add your name to all the others, and don't forget to 'filter' /'block'/ report me to the (thought) police/LSE, I'm going nowhere until I can leave with a respectable profit from my 2.2 million holding in ARCM. I care not whether that comes about as a result of a JV or a full take over, either will do .............Hope you don't consider that a ramp, .......it's a wish.