Member Info for Steve4077

Maybe read the RNS from yesterday :)

An 'ex parte' injunction means one side goes to court and gets their favourite judge to agree to something, without the affected party being told about it or given chance to present evidence. It's only purpose is to cause aggravation because it gets thrown out as soon as the other party finds out about it.

Anglo are now heavily involved on the legal side, so it won't be long now before Mushy and his misery men are finally squashed once and for all and they lose what little money they have left in the corresponding damages case and contempt of court action.

See the RNS history for details.

'peggy' is one of the bad actors in Zambia that was referenced in a recent RNS.

One LML granted. Two outstanding.

Waiting on assays for 3 Zambia holes. No Bots assays outstanding.

Also waiting on Anglo drilling plans for 2025 and any further Bots drilling plans.

Also possible is some background on why ARCM/Anglo achieved a 25 year large mining licence for Handa, despite the publicly-available information not really supporting that. There must be some significant information, seen by the Zambia licencing authorities that is yet to become public.

Still raining in Zambia (end of rainy season), so Anglo can only drill when the ground dries out. Forecast does look promising though. Company COO in Zambia at the moment, presumably to discuss drilling plans with Anglo.

So timescale is 'when the ground dries', which should be soon, maybe end of month.

It happened over a week ago. 26m share trade. Cancellation of those shares will be on April 22nd, as per recent RNS.

@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, so you can't come up with a better deal then? Your complaint is effectively that the management is to blame because the best ever deal for a junior wasn't better still.

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.

A sea of green today - that's usually a good sign :)

@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.

Thanks Fukurokuju79

I found the relevant documentation on the ARC website now you put me on the right track.

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."