The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Really love the upward trajectory after questioning myself on averaging down :)
Looking interesting.
https://www.telegraphXXXXXXXXXX/business/2020/11/06/nmc-health-administrators-take-steps-sue-ey-firms-collapse/
It's impossible in Middle East to commit this level of fraud without local blessing. Never ever invest in Middle East based companies.
@max19, I would agree with you on GGP comment . If the resource is proven up (and as they say mother lode :) ), the end result for ARCM shareholder is simpler compared to GGP (multiple project - JV for 1 license ) . It would be TO for ARCM and again management is quite clear we are explorer , as mentioned by Remy in Indaba Q&A. Still makes me think why would NvS be so keen to get rid off of Gold assest (aware of jurisdiction etc) when we were entering gold boom ? Neither NvS nor Remy would have mis-read the upcoming gold boom. May be he knows cooper in ground is more worth than gold asset. All guess at the moment until we get drill results.
https://blogs.cfainstitute.org/investor/2020/05/19/the-nmc-health-debacle-four-red-flags/
https://www.khaleejtimes.com/business/corporate/nmc-admin-team-lands-in-abu-dhabi-from-uk
Chartered Flight :) . One more expense and of course they would enjoy a 5-star stay. First, they hired Freeh (not free :) ). Absolute disgrace, if filmed, the story of NMC debacle would be at least nominated for Oscar.
Negotiated trade type. Sort of agreed price trade.
https://www.investopedia.com/terms/n/negotiatedmarket.asp
https://www.mining.com/rio-tinto-to-explore-zambia-copper-deposits/
In an interview, Shetty said, "I am first to open health care in UAE, We are the first company to list in LSE". In fact, first in everything. Now he can proudly add " I am the first to run a massive Ponzi company and prove regulator/auditors are spineless".
NMC is/was a disgrace. Even some AIM-listed companies operating under lax regulation would have more moral responsibility. Unfortunately, people who took fees (auditors, IB) go unscathed. Lessons learnt :
(1) Never invest in any Middle East-based company
(2) FTSE is a casino. No point in associating AIM and tarnishing it.
Its almost confirmed Shareholder will not get anything. I am not even waiting for Freeh report as it will reveal more debt and no good news for the shareholder. No one would ever invest a company based in UAE as a lesson learnt.
They all deserve a nice break after tedious work of cooking the books.