Member Info for sonicboomboy

Today was a pivotal day for ARCM.

The decks and stranglehold have been cleared, placing already done and dusted.

To my mind all the megative news is now dealt with however inpalatable it might be to shareholders - its done.

We have now reached a point in time where all eyes are on going forward with two porjoects.

We know Remy desperately wants to progress Botswana. Good results from the air surveys will give him a chance and more options to do this. It would be good to know when these results are due but early mid June looking likely and could be the initial insight I into the valuation of our Botswana project becoming x10 more valuable than it is now.

As for Zambia, well, I guess this will prove how honest and accurate Remys reading of the situation within Zambia is. The words were spoken that legals wouldn't stop Majors from entering talks and doing deals in Zambia. To my.mind this was absolute rubbish and to prove that we never saw any movement woth the JV in Zambia to this point.

However, I'd fully expect a favoured company to sign off on a JV pretty imminently. Could we see an RNS this week or next, absolutely we could!

So all in all today was the day the SP turned around 180 deg.

GLA it would help if this board was a little busier!

Feels as if today's news is the CRITICAL news that weve been eaiying for.

1. It paves the way for a new JV in Zambia.

2. On successful air surveys in Botswana, hopefully the asset value will increase for a sale/JV or PL finance to progress things.

Either way today's news unlocks pretty much everything for ARCM following on from the recent placing too.

News on the Zambian JV to drop I expect I'm the next fews days and a big bump on the price as people finally see ARCM is back in play.

Feels like a back test to confirm previous resistance is now support. You can look back at the chart and see that this level has been key before.

Just bought more, expecting this to rise up and test 60p shortly.

Whilst the price might have come slightly off the days high I've noted quite a number of large trade buys taking advantage of the breather.

Think we are resting before starting to climb soon to the 60p area.

Looking like a 5 wave rise on the hourly?

Agree stretch

Great shout that Larus. on that basis it could be we've seen the upside wave 1, had out longer term retracement and are now entering upside wave 2, which as we all know should be lager than wave 1, therefore may push higher than £1.15p on this run.

Looking at a rising diagonal line around 70p/75 for me. Could be a little back ad forth to get there so a few trading opportunities but its going to be a good few months I feel.

Of course this is severely undervalued and in the med term , these forecasts of £2.40/2.50 could well be met and even blown out the water themselves.

Many thanks

Does anyone know how it ended in Canda as an equivalent price?

Out of the wedge and freedom....

Agree Bonker.

This is going to end on the high of the day.

Level 2 4v1, huge orders in. WIll be paying 60p tomorrow IMO

https://x.com/thecitymile/status/2057482498498519060

Feels like the penny might be dropping here....the break out from this level could be significant and explosive. Bunched MA's, falling wedge this is the level to beat.

So a soon we will have an asset on the books worth nearly double pur own MCAP.

Hmmm....

It's quite obvious to see China are setting the parameters and pace by which business will be transacted.

All the more reason why MKA and other western companies are so valuable to Europe and the US.

Some understanings possibly between China and the US but by crikey a chance to get some element of control on their own destiny is staring them starkly in the face here.

This is fantastic news and what a deal. Huge feedstock and a full commissioned plant amd all for a relative song.

You can see why there have been games played with the SP recently.

First stop a quick ride to 60p, maybe higher as this RNS and deal are so good.

Will only be good news for MKA regardless.

Suprise,suprise.

If you want to BUY 50,000 share on IG they want 48.5p!

SELL 50,000 is 46.5p.

Not hard to see the direction of travel....

Completely agree esduk, re the SPAC probability. Been involved in lots of SPAC transaction and agree with your 80/90% assement as opposed to any 50/50 assertions.

Also looking quite perky on the BID like you day. Looks like this is heading upwards soon.