Member Info for Small_Holding

panda1
As far as I can remember all Peggy ever posts are moans about the lack of news/communication from the company and the ever falling share price. I don't think she has ever posted fake news or criticised positive news.
If she ever tried to put a negative slant on positive news, as others do, I would agree but as far as I'm aware she hasn't.

@Peggy
“It is funny that a lot of posters on here don't ever complain about the poor performance of the SP.
I wonder why?”

To answer your question, every genuine share holder of Arc is frustrated and annoyed about the low share price but given the circumstances; we accept this is just a phase we have to go through.

With NDA’s in place and court cases pending, the company has to be careful what they say. That makes them very vulnerable to trolls who see Arc as an easy target because they can’t defend themselves. The silence makes investors nervous and some sell. The world situation regarding Covid means the markets are nervous and I think that adds to the unrealistic market cap we currently have.

I actually believe you are genuinely invested here but after waiting so long you are angry and frustrated about the share price performance and I understand that.
The current market cap is around £28m; I am convinced that NvS nor the Arc board would not accept that figure as a cash offer for Cheyeza East in isolation. If you agree with that statement then the current company valuation is ridiculous.

Frustrating as it is, I think most LTH’s trust the board to negotiate a good deal and if the price for doing that is a low share price, then so be it.
As you know you haven’t lost a penny until you sell, at the moment you are suffering a paper loss as am I. You have said before you don’t write to the company, I would recommend you do. I have found NvS to be one of the better CEO’s who does normally respond if he is able to.

Couldn't resist another 205,000 shares at 2.43p

4. That would tie in with the strange timing of buying Botswana. If both licences are sold, Arc would not just be a cash shell as it would still have the Botswana asset

When the Exclusivity Agreement was signed with Anglo American in July 2020, I expected a Joint Venture on one licence or part of one licence. My expectation was that there might be two or three deals before both licenses were finally sold off.

Now after all this time my opinion has changed and I now think they may be looking at selling either both licences together or both licences separately.

My reasons for having that view are

1. The total silence from the company on all matters. It is as though they are scared of saying anything that might affect a potential deal.

2. The scoping study announced during the Investor Call on the 6th May and expected mid June, has vanished. If a deal is close the Cheyeza Plant is irrelevant and will never come into existence. They won’t want to say it has been abandoned, so they keep saying it has been delayed, it is almost six months late now.

3. Rothschild’s have now had nine months to broker a deal and we have heard nothing. If there is as much interest from majors as we are led to believe, then I would expect a deal to be close. We were told Rothschild are not on a retainer, they will get paid a commision when a deal is finalised, probably a percentage of the total value of any proposed deal.

AIMO

The 180,000 buy was mine, I've still a way to go before I catch NvS up with 17m shares but I'm doing my best.

I see Arc's largest shareholder is still adding to his 7% holding.
From his twitter feed
KEvB
@Trisseswe
20h
#ARCM
So I went and added 711k. It’s come down too far and the company is busy behind the scenes. Cashed up and with high targets.

To be fair to NvS I asked the question, others might not and just reproduce his reply.
My take on that is in his comments to many shareholders some might be taken out of context.
I gave the gist of his reply just not verbatim.
My error in mentioning it, I won't do it again.

I wrote to NvS on Friday, it was a lengthy email giving my thoughts on the share price, news flow, drilling, Botswana, deals, takeover, court cases etc.

I didn’t hold back and expressed my frustration and I was critical on quite a few areas.
I didn’t expect a reply and I said as much in the email.
Again, I was pleasantly surprised to receive a reply. I have asked if I could reproduce his reply on this board but he requested that I didn’t. However, I don’t think he would object to me saying that he is equally frustrated at not being able to share more with us and he is pretty confident of turning the tide.

Now it all boils down to whether you trust him, I do.

I also think this is one of those occasions that, when a deal is announced and with the benefit of hindsight, a lot of investors will be kicking themselves for not buying at these ridiculous levels.

At these prices I couldn't resist another 174,000 for £5k

To any investors who have not experienced these tactics before.
I have when I held shares in Atalaya Mining based in Spain (ATYM) a few years ago.
A disgruntled former employee/shareholder tried everything from mud slinging, dubious court cases as well as having a team of de rampers on the boards.
Ultimately he was dismissed through the courts and the company has moved on.

I am sure this will happen here, I know this is Africa and not Spain but the similarities are there to be seen.
When you have a valuable asset people will try any way they can to make a claim but ultimately the courts will show who is the fraudster.
I remember NvS said previously that he likes Zambia because their legal system is based on the UK system, these people will be found out.

I couldn’t resist another 169,000 shares yesterday at 3p.
With a market cap currently around £33m would any of the majors currently eyeing Arc pay £100m for the company?
In my opinion they all would and probably bite their hand off.
By any stretch of the imagination the current valuation is cheap given the assets they own.
AIMO

I again emailed NvS yesterday to ask for an update regarding this. To be honest I did not expect a reply as my email was strongly worded and very critical of the delay. To his credit he did reply
"All dependent on met testwork - which has been delayed due to Covid issues in both Zambia and SA. As soon as we have an update we shall inform the market."

Quite understandably some investors are fed up of waiting.
It is after all over 15 months since NvS publicly congratulated LTH's for hanging on in there during an investor call, the inference was the waiting is almost over and the good times are round the corner.

What we need is an update on the scoping study. It should have been completed by mid June and here we are at the end of October.
I wrote to NvS in early September and received this reply 3rd September 2021
"Testwork still underway. This has taken longer than expected but recoveries looking good so far."
Now almost two months later, nothing.

We at least deserve an update as to what is going on with this. A feasibility study has to be undertaken once the scoping study has been completed but we have already had a four month delay on the stated timetable.

This was the missing part of the jigsaw and presumably what Anglo wanted to see, this de risks the share even further.
My concern was that we finished this drilling season without finding copper sulphides and that would delay any deal. I know we have to wait for the assay results but clearly from the look of the cores and the initial tests Arc believe they have found what they were looking for.
We now need the scoping study for the Cheyeza plant to be released to show that the company can become financially self sufficient relatively quickly, that will take away the financial pressure and enable them to play hardball with the majors.

Fantastic news exactly what we wanted. Anglo will be kicking themselves they didn't buy it when they had the chance, it will cost a lot more now.
Market Cap £37m - Really?

F29 couldn't agree more. Botswana is a sideshow that will not come into play until most of us have sold up and moved on. If the terms remain the same they can delay it for a year or two for me and as you say hopefully it will cost Arc fewer shares by then.
I am of the belief that if it wasn't for Remy's keen interest in this area, NvS would never have bought this asset at a time he was looking to get rid of non core assets.

Things should get interesting in the next couple of weeks. They have been drilling for two months today and initial results can’t be far off.
The scoping study is overdue but I have had an email assurance from the company that it is still coming.
Rothschild have been onboard for over six months now and, as they are not on a retainer, they are relying on a decent commission once a deal is agreed to give them a good payment.

The Bears will say the drilling results will be poor, whilst the Bulls remain optimistic.
The constant squabbling serves little purpose now, the share price has remained around this level for sometime and it is clear that it is news that will propel the next movement.

I’m not expecting another Investor Call until we either get drill results or the scoping study for the Cheyeza plant is released. NvS has already primed investors that because they are drilling deeper this year, results will be released less frequently. For that reason if the initial drill results are poor (IMO) I wouldn’t expect them to be released, they will just press on with the drilling campaign.
GLA

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2593-tsx-venture/rak/106356-rackla-provides-update-on-proposed-acquisition-of-misisi-gold-project.html