Member Info for Small_Holding

Yes they would hopefully in a new stand alone company. The point I was making is if they don't enter into a JV and want a stake in the company they would have to buy on the open market, which they couldn't do at anything like these prices.

If it is just a JV that Anglo are proposing, what does that mean exactly?
In simplistic terms they want to buy a percentage of one, or both, licenses and they agree to pay a premium to do that.
For arguments sake lets say they wanted to buy a 51% stake in Zamsort and were willing to pay £100m to do so.
With Arc holding two licenses that effectively gives Anglo a 25% stake in Arc, valuing the whole company at circa £400m.

Now if Anglo tried to buy 25% of Arc on the open market, how much would they have to pay?
Fully diluted there are 1.3 billion shares, for Anglo to buy 25% they would need to buy 334 million shares.
I think we all know what would happen to the share price if they tried to do that, they would end up paying way over the current share price.

The point I am trying to make is
Is it a massive risk for Anglo to enter into a JV?
In my opinion it isn't. They would be entering into a partnership to part own assets they have previously owned, when they did own the licenses many of their top targets were within these licenses, their mining expert David Woods believes the copper is there, they couldn't buy a percentage of Arc on the open market at anything like the current share price and crucially a JV can be agreed without a shareholder vote so other suitors will not get a chance to outbid them.

If Anglo were thinking of a full takeover then I can fully understand their caution and why they want to take as much time as possible to make sure everything is right before making a move but if it is a JV they are proposing they will not be spending anything like the amount they would be risking on a full takeover. In addition, most of the funds would be spent on exploration on a site that they stongly believe holds significant copper.

We are over nine months into an exclusivity agreement and I think that by now, given they owned the licenses previously, Anglo should be finalising a deal.
If they don't make an offer by July and ask for an extension, then I hope Arc walk away.

I think the generous six months extension played into Anglo's hand as they have had more time considering their options.

For investors here that have been patiently waiting for a year at the 'exciting crossroads' I think we deserve a definitive decision by then, one way or the other.

After a curry and a visit to the beer garden I'm the same!

It may be an obvious point but with potentially four spin offs this year, you have to hold OO shares to benefit.
So after each spin off the share price may drop briefly but when investors realise there are more to come, including a dual listing on the Nasdaq, the share price of OO will quickly bounce back.

It will be the spun out companies that some will sell once they are allowed to. Some of those may be volatile but CF has cleverly made sure that there will be demand for OO shares for at least the rest of the year.

F29 yes I appreciate the threshold is 3% but ARC only seem to show holdings over 5% on their website.
I didn't explain myself very well but if MM for example holds 4% would he still show on the Arc website?
I don't know but it would be good to know if he still holds and if so how many.

Interesting, has he just fallen below the 5% threshold. Surely he hasn't sold out we haven't had that volume.
If he has fallen below the 5% we should see a TR 1, as I understand it

Whilst many think the deep drilling is being done at the insistence of AA and they will wait for results before bidding, I think the opposite.
I believe NvS is turning the screw on AA by doing the scoping study for the proposed plant and starting to deep drill.
If David Woods has said the copper is there, then AA do not want the big deposits found until they are a partner or own the whole thing.
IF Arc find significant copper at depth soon it would cause AA problems, they would have to pay a lot more for the deal and in some ways their involvement would no longer be as crucial, Arc would have no end of potential suitors circling.

I think that AA will want the deal signed before the first drill turns and if I am right we will see a deal tabled in the next few weeks.

https://drillordrop.com/2021/04/09/west-newton-evaluation-begins/

http://www.arcminerals.com/news/rns/rns-details/2020/Arc-Minerals-Limited---Sale-of-Casa-Mining/default.aspx

It is all about control and Mushinge allowed Arc to take control of the Zaco licence. Once you have done that there is little you can do if they go down a road you do not like.
Thankfully I am certain NvS knows this, if he gives up control he would never get it back. For that reason I believe he will get us a deal that is financially beneficial, yet still keeps him/Arc in control of things going forward.

He did but he then resigned as a non executive director in November 2020. Why resign when you have a significant stake in the company? No reason was given and it certainly appeared that he was not happy, we may never find out why

Mushinge was onboard and was facilitated Arc’s increase in their holding of the Zaco license. Crucially in December 2019 he sold 5% of Zaco for $37,500 USD giving Arc a controlling interest in the licence.
Something upset him, whether he wanted an outright sale and a JV was being proposed, or vice versa, who knows.

Not listened to that before but as you say Remy's comments are interesting, also at 54 mins and 1hr 6 mins.
An impressive FD who I'm confident will do his utmost to get the best deal for investors.

On the last Investor Call NvS said that they have their foot to the pedal regarding the feasibility study, he also said we are at an exciting crossroads.

On the previous IC he said that we were on the slip road.

I was hoping by now we would have been in the fast lane, possibly attracting a speeding ticket.

Having sat on the slip road for a long time, it appears we are now just waiting for the AA to come to the rescue and get us started.

When we do eventually get motoring I hope we are in a Ferrari not a Reliant Robin!

https://www.fool.co.uk/investing/2021/03/29/3-penny-stocks-to-buy-now/

I have been invested here for a few years now and I have kept adding as the story has unfolded. I now have the largest holding, in monetary terms, that I have ever had in an AIM share. NvS was a significant factor in my decision to invest and Remy has now made it a great partnership. I have not sold one share.
However, I do understand LTH's frustration, we have been in an EA for almost 8.5 months now, we were told they were fully funded and now they have raised funds. Funds from the CASA sale should have now been received and we are told nothing.
That adds to uncertainty which isn't good.
As I stated at the outset I am happy with my investment and will wait but I do understand why some are getting impatient.

F79 I tend to agree that, for reasons as yet unknown, NvS had the chance to acquire these licences at a very good price and to do that he had to raise funds quickly. To avoid upsetting the AAL deal he has chosen to go for a placing and I'm sure he expected a backlash. If this proves to be a good deal at a low price I am sure we will all be slapping him on the back.

What does concern me is the lack of news on the CASA payment, the date was specific and I'm sure he would like to update the market that it has been paid but we have heard nothing.
After today they should at least update investors, has the payment been received, has it been delayed or have they reneged on payment.

NvS knew what this placing would do to the share price and, for a relatively small amount, he still went ahead.
That might suggest that a deal has already been agreed in principle and he is now looking to the future

pb940. The website is out of date, those figures are from January 2021. Since then they have cancelled 75,837,378 options reducing the total figure