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Think we have an exciting few weeks coming! NvS consistly publishes any non positive news fast and holds back the good news. Arcm have been exceptionally quiet considering whats going on, this is a very good sign as confirms active discussion are progressing, when news drops here its going to be big!
The Sentinel mine not too far away sold for $280 million in 2009 after 8 holes with an average grade of 0.5 cu … in 2009 global sentiment was not pushing EVs or renewables all which require copper!
Generally across the board the markets are extemely risk adverse and its showing here by the constant intra-news drops (look at any aim oil stock). In 2019, 2 million EV cars where put on our roads globaly, Conventional gas-powered cars contain 18 to 49 lbs. of copper while a battery-powered EV contains 183 lbs. With only 5 million EVs globally on our roads with a total global fleet of over 1.25 billion. Lets not get into global electrification or solar farm, wind turbines and commercial vehicles cu demand going forward ..... Mining is simple demand controls profitable grades arcm is years off a mine but what they have to date is exceptionally exciting and could be worth a small fortune DYOR and try to see past the name calling here.
God help anyone new to Arcm looking at this chat for insights as I did when I first started investing. DYOR offline and form you're own views, Arcm isnt without risk but it's hightly prospective and at these prices potential upside to downside is very attractive and the macro environment is fantastic.
Been here since just after SDX formed from Sea Dragon. In and out over the time but coming back in hard, once SD is brought online think we will eclipse the highs of 2018. Market cap is a joke with no debt and ~6 million pcm cash generation. Hopefully this Christmas we get an early present!
Link again
https://investegate.co.uk/kiwara-plc--kiw-/rns/preliminary-drilling-results/200801290700457176M/
Copy link and remove the dots
Initial drilling results from the sentinel mine. Interesting comparison bearing in mind the depths. Think arc need a better map published, the lower grades on the latest holes look like they are at the edge of the soil anomaly, but hard to tell. Also need to tests the sulphides below.
...https://investegate.co.uk/kiwara-plc--kiw-/rns/preliminary-drilling-results/200801290700457176M/...
Going to be an interesting week imo ... news any day!
Chins up all! Remember the fundamentals and why we bought in the first place! Don't get so upset by daily SP swings or sell if you believe the value .... then your just funding your broker! The real money is in the long game! 6 months time if we are still below 3p then I will join depressed gang :p
Keep calm and carry on! Remember Arc is only a small company and its quite time consuming posting RNSs with all the regulatory requirements and legal QC'ing. No news shouldnt be taken as bad news, they are obviously very busy in the background!
Does make you curious ... RNS Tuesday as we know NVS is not a Monday guy?
All the markets are looking shakey atm. Imo Arc has a usp compared to my other investments it's value won't be determined by AIM but by a buyout probably by a major, should it come good! Watching the daily variations will drive you mad ... Aim is having a massive black Friday sale atm lots of undervalued stocks no-one taking any risk incase it all collapses!
Imo they must be extremely busy not to be updating the market on the drilling. Expecting an RNS early next week as is the way with ARC #Tuesday :p ... if we don't there is definitely something going on behind the scenes!
Tuesday :p
Haha, I was still waking up on the morning train lol! Better in than out for sure! SP seems to be doing nicely today! I suspect we might see an RNS tomorrow, last 7 RNSs have been on either Monday or Tuesday ... NvS must be a early/mid week kinda guy :) ... This is a bit geeky, but got curious (Excelled the RNSs) all 28 RNS's this year have been on either Monday, Tuesday or Wednesday lol.
Completely agree with you bloodshot. I am holding very few stocks atm mostly cash apart from select few including arcm. IMO the SP here is irrelevant, directors have skin in the game and as copper & cobalt is probed up and gold price creep up the majors will have free cash and will look to make acquisitions. The northern drill results come in this will be suspended and taken out so better out than in!
Looking forward to getting details on this. We are currently generating in excess of $3.5 mil and month and this is set to double in the new year. With regards to dilution say the assets are worth 500mil, the leak indicated 300 million loan from BP so 200 mil either in dilution or RBL prehaps. Another less known option is flowstream lending so BP would retain a share of future production, that could make up a significant proportion. Exciting times. Obviously just guessing the figures could be $1 billion.
If you look at the chart it was due a pull back in the uptrend. This dip is still higher than the previous low. Wouldn't be supprised if it bounces back strongly tomorrow. News is good whatever way you look at it, confirmed grades significantly reduced the risk here IMO.
Expected a slight pullback today very strong if it ends on a blue note. Volume looking good again today. We all know the results will look very good 10 days to wait! People buying back in before the results now I suspect!