Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Fantastic news, we wanted the court cases out of the way and that has been achieved in one go.
The uncertainty of what the outcome would be had made many nervous, that uncertainty has now gone.
The risk/reward has changed significantly and a re rating could now happen very soon.
As a LTH this is the best news we have had in months and I will be adding on Monday.
GLA
from Arc's largest shareholder Karl-Erik von Bahr (7% holding)
KEvB
@Trisseswe
·
1h
#ARCM - nice px action. Was on the bid but too cheap. Let’s see what the future brings. Must say I love this. Price not exciting but action lately is. Given that we are what, 10d from first court case adds spice. They have NO CASE against anything and imo majors just waiting.
-----------------
I don't know if it is common knowledge about the first court date in ten days but I wasn't aware.
Do we have a date for MM's next court appearance?
I knew it was adjourned until the end of January but I didn't get an exact date
Wow somebody is getting very scared!
If MM is in the right he will win in court so relax, no problem.
It is now one year since the last Investor Presentation (January 2021)
That suggests that nothing has materially changed in 2021 to improve the investment case
or
They have given up trying to attract new investors
Historically
2018 Presentations 5
2019 Presentations 4
2020 Presentations 3
2021 Presentations 1
Friday 24th December - Closes 12:30
Monday 27th December - Closed Bank Holiday
Tuesday 28th December - Closed Bank Holiday
Wednesday 29th December - Normal Trading Hours
Thursday 30th December - Normal Trading Hours
Friday 31st December - Closes 12:30
Monday January 3rd - Closed Bank Holiday
Tuesday January 4th - Normal Service Resumes
I have written to the company and made a request.
I pointed out that at the start of each drilling season we get an RNS telling us that drilling has started and the objectives of the campaign, this year 18 deeper holes.
What we don't get is notification that the drilling has ended or an idea of how many assays we are still waiting on.
As just one set of drill results could be a company maker, we are left eagerly waiting more assay results that may not be coming.
This is made worse this year with the Covid delays because we could potentially get results well into next year.
What I have asked for is that when the next RNS is issued to give assay results, the company includes a footnote that says something like
"This set of assay results completes this years drilling campaign"
or
"After these assay results we are still waiting on 'X' amount of hole assays to be tested"
That way investors know the season has ended or how many more results are still pending.
I made the point that there are many things they are unable to tell us at the moment but putting us out of our misery re drilling shouldn’t be one of them.
This may come to nothing but I did at least get an acknowledgement from the company.
It certainly sounds like, get the court cases out the way and there is a deal to be had. NvS also sounded confident of getting the CASA money which would be a big plus.
I personally think the drilling has now stopped, he said deep drilling is expensive, thery are reviewing the aerial datas over the next couple of weeks to identify better targets. By the time they have done that it will be the rainy season I would expect.
What is frustrating is not knowing how many holes have been drilled this season. They intended drilling 18 holes, we have been told about 4 but then drilling was delayed by the court cases, so how many assays are we waiting for?
I would much prefer them to say, we intended drilling 18 holes but because of the delays we only drilled 8 holes, you have had 4 so we are still waiting for the other 4 results. Unfortunatly they never do that so we may be waiting months for drill results that aren't coming.
CB is stepping down as chairman of JLP
If this was a normal Covid AGM tomorrow we would have just got an RNS later tomorrow saying at the AGM today both motions were passed.
Clearly that is not the case, so they do have something to tell us. It could be a watered down Investor Call just giving the usual, there is a lot going on behind the scenes, I can't say much but we are on the cusp of something substantial.
I sincerely hope that is not the case.
Being a cynic and if I am right that the news will be in relation to the Cheyeza scoping study, they could have had that news for a few weeks. It should have taken 6 weeks finishing mid June; as a result it has taken 6 months. Being that late they may have thought we will hold it back so we have something positive to say at the AGM. The fact is we will never know.
I do feel however that we need something genuinely positive tomorrow or the share price will suffer.
If the email reply posted on here this week is correct, Arc do have some news. If they are picking and choosing the day it is released, presumably tomorrow, that suggests to me it probably relates to the scoping study for the Cheyeza Plant.
If it was a deal I think it would be very hard to keep a lid on it and we would have seen a share price reaction and as far as I'm concerned positive drilling results should be released as soon as possible.
AIMO
Who will come down the chimney this Thursday?
Will it be St Nick with his sack bulging
or
Will it be Del Boy, this time next year Rodney............
GLA
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.