Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
@DiamondGeazer
Its not rubbish, its true - that's why the share price is down here. Idiotic selling based on politics, not economics. However, the consensus now on various forums seems to be that they are on fumes, especially after today, and the selling will be over this week. They started with 60m in Jan and were down to 30m by Feb 13th. Check the volume since then.
If you have cash and are well-researched, it's a rare opportunity. If, like me, you bought the majority of your holding before this happened, its is very frustrating, although mainly because I don't have cash right now :)
TBH I am glad the board is keeping quiet. With the fund selling, any good news will be ignored. You only get to make announcements once. Better to wait a few days, get the fund out, let it bounce and then build momentum with good news. The frustrating thing for me is no significant cash until March 20th. I want to see a good bounce, but it would be nice if it didn't happen until March 21st :)
I think Telegram has taken over now for most shares, especially with the ability to share images, video, etc., and LSE is losing its relevance. There is certainly a huge amount more chat and a lot more people participating on Telegram. I hardly ever post on here and only check it occasionally.
It's amusing that the resident trolls expend so much time and energy posting about a share they don't own, on a forum that is becoming irrelevant where even the majority of people that still read it have them green-boxed. Eventually, everyone else will have left and they will still be shouting into the void :)
It's not financial results. 2023 results are due June 30th and AIM rules specify one month closed period before results. Its probably not drilling, as Zambia is in the rainy season. Which leaves M&A, and the CEO has been in Zambia all week.
"Zero cash in account?" Anglo paid $3.5m in November 2023. $1m more due each year until 2026, then a further $8m in spring 2027. ARCM get 67% of all that.
"Zambia JV they just have to wait for AA to do all the work and hopefully get lucky". You mean ARCM negotiated a deal where Anglo spend $75m in one of the most prospective places in the world and ARCM get 20% of whatever they find without having to spend anything?
You think Anglo just handed over the money after two years of due diligence (and previously setting their top 7 drilling targets in Zambia in the 1990s on ARCs licences) with nothing but the hope of 'getting lucky'? BTW, Sentinel, the largest copper mine in Africa was #22 on that list.
"The offloading of huge amounts of stock". Total volume in the last couple of months, before today, is not much more 10% of shares in issue, including buys, sells, rollovers, bed and ISAs and multiple trades of the same stock. Maybe pay attention to the actual trading and you can see the SP movement has little to do with sentiment. Just MMs taking it down on minimal volume as usual. Today, volume has picked up massively with a sea of blue. Including you I suspect,
2/10 for de-ramping effort.
Yes, as of two days ago, NvS confirmed they were in a closed period. I don't think it is financial-related because AIM rules have closed period as 1 month before results, and that isn't until June 30th. Could be assays from December in Zambia though, but Bots M&A certainly worth considering.
MT - could you perhaps point out a better JV between a junior and a major? Otherwise, why would anyone care about the level of competition involved if this is a great deal. For example, GGP was $65m drilling and no cash. Unico is $75m drilling and $15m cash.
@Valueseeker03
As long as you don't plan to sell in the next 2-3 months (just about the worst possible time to sell in the history of ARCM), then your investment should be fine. JV is signed, government approvals done, first money received and drilling rigs on site. Once the rainy season ends in April, Anglo will be launching a massive, fully drilling program that will last for years in one of the most prospective areas in the world. ARCM get 20% of whatever they find, plus another $8m in cash over three years, without having to spend anything.
The downside is having to watch the share price drift before then on low volume, although there is Bots new due in the meantime that could drop at any time. Besides the GGP share price followed this pattern. Drift for a while after JV signed, than 20x in a few months once drilling results started to come in.
>> Feel like I have been stabbed in the back after all the positive comments by NVS.
Stabbed in the back how?
Everything NvS said would happen has happened. The deal is signed, government approvals all done, cash received and Anglo are drilling. The company can't control the share price. As usual on AIM, it is drifting on low volume and the MMs are taking full advantage. If you have faith in the company and the assets and aren't planning to sell, it doesn't really matter anyway as it will go back up with drill results.
Just look at GGP and what happened to the share price after the JV was signed. It went nowhere. After drilling results started, it went up 20x. Personally I think the current share price is a gift if you have the money to invest and the patience to wait a few months.
Also useful guide on ADVFN help pages:
https://www.advfn.com/Help/a-background-to-the-market-and-market-ma-71.html
Here are a couple of quotes from the ADVFN help guide
"Market Makers are however known to lower prices to "panic" investors into selling, sometimes called "shaking the tree"? Moving the price up, encourages sells, moving it down also encourage sell, hence also the term dead cat bounce when a Market Maker will mark a falling stock up to encourage buyers in thinking they have reached the bottom"
"Market Makers obviously have a degree of risk. If there is a flood of sellers, because the Market Maker's job is to provide liquidity, he has to buy those shares even though the rest of the market may want to sell. If the price continues to fall he could be left with a lot of stock on his hands that he paid considerably higher prices for than he can sell for now. And vice versa - if a share is rising sharply the Market Maker has to continue selling the stock to the buyers - he could end up "short" of stock. In this situation he has sold stock he has not got, to fulfill all the buy requests, and he has to buy this stock in to balance his books, but at higher prices and makes a loss."
AIM is a SETSqx exchange - not main market. If someone wants to sell the MM has to take the trade regardless of whether any non-MM party wants to buy it (and vice versa), although they can refuse to put anything on RSP and only respond to phone orders.
The shares bought by an MM can be sold on a different day or a different week. If there is no trading pressure (volume), each individual MM can literally do whatever they like with the price, subject only to competition from other MMs. They can even hold the Ask and refuse to sell, as we see regularly from JBER.
Here is the London Stock Exchange page that explains it.
https://www.londonstockexchange.com/equities-trading/asset-classes/shares-trading/setsqx-and-seaq
Yes, we were discussing that on the ARCM Telegram forum. Having a resolution that gives the company an option to issue new shares is so common, it was noticeable by its absence. I'm reposting here the comment I made there:
"Given how methodical ARCM seem to be, it seems unlikely its absence is due to an oversight. Also, there is no harm in including such a standard resolution, especially if NvS wanted to retain the option to raise in connections with Botswana. Finally, an EGM to do that subsequently would look like very bad planning.
So I can only conclude it was deliberately excluded. I would guess because they are very sure they won't need to raise (interesting question as to why they are so sure) and therefore are sending a very clear message to existing holders and potential investors that there will be no raise next year."
Yes, JBER are the most blatant. They hold the top of the Ask, and often move it down, and then refuse to sell any shares, blocking any price rise. A few months ago, they held that position for 4 days. The only way to move them is for someone to physically phone them, in which case they obliged to sell 100k shares, which is the default amount for this stock. On AIM, MMs for a stock are legally allowed to hold short positions on that same stock - crazy but true.
BTW, I know myself and other get frustrated at MM antics, but at some point volume will increase to the point where manipulation becomes too expensive (which seems to be 4-5m per day). Market forces will take over and we will have enough volume for actual supply and demand to come into play. Once we get volume, the price almost always goes up. That volume is likely to arrive with regular drilling updates, which should be close now. GGP followed exactly the same pattern.
BTW on the 'MMs moving price' question, its also not unusual to have the price fall on days with more buying then selling. That is based on checking each individual trade vs real Bid-Ask, not official. Take today for example. We have 7 trades. 1 obvious 100k sell at 3.32p (at 8am) and then six consecutive buys totaling 332k with prices of 3.42, 3.42, 3.406, 3.42, 3.415 and 3.41.
If this is supply and demand, why is Ask gradually falling when there hasn't been a sell in six hours? If we had the reverse, with sells more than 3x buys, the price would have fallen.
We can't do anything about blatant MM manipulation and getting annoying about it doesn't help, but you can't pretend it doesn't exist.
>> Caddy MMs do not move the price, demand and supply does.
Strange then that the same supply or demand moves the price different amounts on different days.
I took a look at all trading since the start of October. On the days when volume was above 5m (average 11m), we had 12 positive days and only 1 negative day.
On the days below 5m (average 2.9m), we had only 6 positive days out of 25. Below 3m volume, only 2 positive days out of 13.
Another stat. Total volume for all positive days since October 1st was 151m. Total volume for all negative days was only 55m, less than a third of positive volume.
Based on the above, it seems to take far less volume to drop the price than to raise it. It's almost looks as though the MMs take advantage of low volume days to drop the price to try to cause panic, hit stop losses and free up shares. Must be just a weird coincidence though.
Yes, agree, fulmar Green boxed now.
If any genuine potential investors are on the thread, by all means investigate what happened with Tingo, but make sure to also investigate the Anglo JV and what is happening in Botswana and then make an overall decision. Also suggest reading all RNS, preferably all the way back to 2019, and listening to the recent investor call and the interview with IG. If you do all that research, you can make a very informed decision on whether to invest.