Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Great appointment, time will tell but hopefully will mark the start of a share price turnaround as it looks very oversold.
I'm a holder here and think that the story is interesting and valuation very cheap. Downside limited and clearly great upside potential. I think we had an historical seller who is probably out now, but at the same time there isn't a large number of new buyers coming in as the newsflow is sporadic and the patience of some investors limited. Hopefully new contracts will land soon and interest will again increase. Time will tell DYOR
Only guessing numbers but Spreadex's first RNS mentioned that they crossed on 5.3 and had 1,027,143,270 shs. 5.3 was the settlement date of the raise so let's assume they got them at 0.05 in the raise. Today they mentioned that their position changed yesterday to 922,143,270 shs ie let's say the sold yesterday and maybe the day before the difference ie 105,000,000 shs. Today we had 2x90,000,000, a 48,000,000 and a 5,000,000 executed at 0.0528-0.053, let's see if they confirm tomorrow a position reduction by another approx 233,000,000. If they continue at that pace they will be done by next week and we are already rising now with them selling, the upward movement could continue till the end of April and into May. Let's sit back and see. DYOR
I suggest anyone looking into #BCE should view the latest presentation which highlights where we are at and imminent upside potential https://beaconenergyplc.com/media-centre/print-digital/
Constant buying, no surprise as churn will end at some point and we all know that April is likely to see the start of the a rate into rig arrival in less than two weeks and side track operations.
Sheephatch, have held PRD a few times and made small gains. Overall BCE seems to have an oil discovery which needs this side track to see production and therefore I'm adding here as I think the risk reward from this level is the best. #BCE opened a gap down between 0.054 and 0.07p and therefore closing that gap is my first target here. Time will tell as there is nothing guaranteed with any of these oil and gas plays, but my take is that the churn post BCE raise at 0.05p will come to an end sooner than later. DYOR
Taken profits on small position still held at #88E and moved to #BCE . Good luck to any longer term 88E holders
Bought some more below 0.05p. 88E up 50% on flow tests of 70bopd on the upper target or £100mio mcap. Hopefully the #BCE April/May sidetrack will bring the stated significant production uplift from our oil discovery, which would make matters very interesting considering we are on a sub £10mio mcap #BCE
WhiteNight, we all have our views. Larry is stepping down as CEO as of June and will still be on the company's board and therefore not 'leaving' the company. You mentioned that you shorted BCE, which clearly would have been the right option until now, but out of interest are you still 'short' as April should be less relaxing if one is in that position.
All going according to plan and great board changes for our next growth phase. April will see no doubt a re rate as soon as the churn ends
Had a small position and sold today. I always held this as a high risk investment which can move either way. We have all our views and some might differ, but for me now the result is even more a guessing game and costs will be higher. I wish good luck to the ones who still hold or buy DYOR
Arc Minerals Limited
("Arc Minerals", the "Company" or the "Group")
Share Buyback and associated Cancellation of Ordinary Shares
Total Voting Rights
Arc Minerals Limited (AIM:ARCM) is pleased to announce, further to its announcements on 11 March 2024 and 12 March 2024 ("Placing Announcements"), that it has executed an off-market share buyback agreement pursuant to which it has acquired 22,539,746 ordinary shares of no par value each (the "Buyback Shares") from Sveriges Lärare (formerly Lärarnas Riksförbund) for a total consideration of £405,715.43 (the "Share Buyback"). Each Buyback Share was acquired for 1.8 pence per Buyback Share (being the same price paid by investors in the Company's recent placing as set out in the Placing Announcements). The Buyback Shares represent 1.53% of the total issued share capital of the Company.
As explained in the Placing Announcements, the Directors believe that the ability to buy back a specific targeted shareholding in this manner should be beneficial to shareholders as a whole since by executing such a transaction, the Company is able to ensure that the Buyback Shares are disposed of in an orderly manner so as to avoid a considerable volume of shares being sold in the market far in excess of normal daily volumes of trades.
Proposed Cancellation of Ordinary Shares
The Buyback Shares are being acquired in CREST through a purchase of depositary interests by the Company's broker and the Company has instructed its registrars to ensure those depositary interests are withdrawn from CREST and the Buyback Shares are cancelled. Application has also been made to cancel the Buyback Shares from trading on AIM. Cancellation of the Buyback Shares is anticipated to take effect on or around 4 April 2024.
Total Voting Rights
The Company confirms that following the cancellation of the Buyback Shares on 4 April 2024, the total number of Ordinary Shares in the capital of the Company in issue will be 1,446,014,263 with associated voting rights. There are no Ordinary Shares held in Treasury. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to the Company's articles of association.
As a result of the cancellation of the Buyback Shares, each shareholders' percentage shareholding will increase and accordingly, each shareholder should ensure that they comply with their obligations under Article 24.1 of the Company's Articles of Association (which can be found on the Company's website at https://www.arcminerals.com) to disclose interests in the total voting rights of the Company.
Https://www.malcysblog.com/2024/03/oil-price-chariot-corcel-and-finally/
‘This highly detailed RNS gives investors a very good idea of what might be at the Canegrass project in Western Australia and whilst not an expert I have ascertained that the new studies do indeed show greater potential than previously thought for lithium and indeed nickel and vanadium as in the report.
But for me I think that the interest in Corcel is more about the exciting activity that the company is involved in in Angola. I recently met with the company and have been impressed by the depth of management and the exciting potential of the Angolan portfolio.
Testing, whilst having been delayed at the TO-14 well because of inclement weather continues and once completed will move to the TO-13 well pad which also awaits testing. The market is rightly eager to hear from the company and with any reasonable success the rewards could be substantial, I am looking forward to meeting the company again. ‘
I have been watching ARCM for a long time and this is definitely a buy level. There has been a persistent seller and they have clearly identified who it is and if they buy them out this will rerate in my opinion dyor
Nothing is certain, but the essence is that we have found oil and incurred operational problems in the process, but we are not talking about an exploration well. Added another 25,000,000 shs today as I remain of the idea that anything below or at raise price has an incredible upside potential. It will take a few more days to churn, but this will only move higher higher of the April drill. BCE has a mcap after the raise (which funds them for pre-side track payables, sidetrack and leaves Euro1mio for working capital) of only £8mio. We are already producing 50-100bopd, but the key is that as per presentation at say 600bopd (not guaranteed but very much possible) operating cash flow is Euro 800,000 pm ie Euro 9,6mio pa or £8.2mio pa ie equal to our market cap ! Is this going going to go to £100mio on a successful sidetrack, I doubt it, but it is certainly going to be a lot higher than where we are valued now. https://www.beaconenergyplc.com/media-centre/print-digital/ DYOR
In my mind this recent and overdue bounce is due to the fact that the company are saying that in Q1 they will complete a transaction announced in an RNS on 19 October 2022 . In that RNS they mentioned that they have signed a binding agreement to buy the remaining shares in Recyclus group (they already own 48.35%) by issuing TM1 shares at a consideration of 4.32p.
In an RNS on 13 Feb they confirmed that the transaction should continue broadly as planned, hence the recent interest and ongoing price increase. DYOR
Https://www.lse.co.uk/rns/notification-of-major-holdings-qtij8uhrtyu3kl9.html
Very informative presentation and great upside, suggest all shareholders have a listen.
WhiteNight if you have shorted as you say, you have done well until now, but do you really want to tell me that you are keeping your short after this raise and April side track? Clearly your choice, but looks risky to me at this level, but we all have our own views and I respect that, but odds seem to me now against a short now on this stock, whereby odds would be better in many other oil exploration plays or where short term funding is required.