Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Thanks Peggy, I think I am going to spend all next week going through all the LSE boards for all the AIM shares in which I am not invested and posting the reasons for not being invested. That seems like a valuable use of my time.
Oh wait, I just checked and you only ever post on the ARCM forum. Why do you spend all your time posting about one share in which you aren't invested, yet you don't post on any shares where you are invested. Don't have you have any investments?
Checking further back (years!), it seems you have a long-running obsession with ARCM, which is a little sad TBH. Every time, it moves a step further (JV talks, JV terms agreement, JV signing, Gov approvals), you just change your negativity to the next phase and never admit you were wring about all the previous phases.
I'm actually starting to feel a little pity for you now. What a way to spend a life.
The deal was completed and signed on April 20th. Time since then is government approvals. Licence transfer signed last week by Zambian minister. Currently awaiting resolution on tax. Should be soon though as Vendanta tax deal was sorted last week.
There has been a drop today, but on minimal volume. Only 1 share in every 720 has been traded. So 99.86% of shares have been held. As usual, market makers taking advantage of slight selling pressure to get cheap shares off weak hands, so they can push it back up on news. TBH after mining minister comments last week and NvS confirmation of no placing, I am amazed at anyone selling - even if it is minimal.
The item II paragraph quote from the RNS is almost factually correct. The star you added and the erroneous conclusions associated with that star were not in the RNS (but you try to make it look like they are). A rather obvious attempt to mislead (as usual).
TBH, I have wasted too much time trying to counter the many trolls on this board. The deal is almost done so all your misdirection attempts will soon be irrelevant. I'm adding you to the green boxes. Feel free to have the last word.
The standard of de-ramping is getting worse. "Can't see it being 3p" - its been above 3p several times this week already.
Also, apparently there is going to be a placing because another stock which has one of the same shareholders just had a placing. That one is tenuous even for Ella.
As stated just a few messages below your post, the CEO stated in an email reply there are no plans for a placing. He's probably in the best position to judge. If you are in doubt - why not email him yourself and ask.
>> Unfortunately the equity has no redeeming aspect, to recommend purchase.
Does your positive divergence or bottom formation indicate when the current government approvals will be finalised, as I think that might have a tiny bit more impact on the price than the current chart.
Maybe at least do some minimal research before the clueless drive-by de-ramp?
I've noticed a surge in green boxes lately as well. . Highly unlikely to be AAL, as they would presumably employ competent de-rampers :)
It's more likely to be the usual collection of trolls, bitter ex-holders, people who have lost money elsewhere and hate anyone else doing well, etc.
The 'best' option I can find it is people who shorted on spread bets. While shorting and trolling is not exactly a sign of good character, it at least involves some motivation beyond spending your life attacking a company out of spite,
>> Since then - and the completion deal that completed nothing
You mean the *binding* deal signed on April 20th that is undergoing final government approvals right now, before AAL give us $15m cash and spend $75m on drilling our licences? That completion deal?
>> The whole concept is to remove the waste rock from the ore with a 64% reduction of the mass material that then goes for processing.
Yes, but you only end up processing half the original metal. Read the bottom line (Metal Recovery (%)) of the second table.
Quick summary.
1) The ore sorter rejects 64% of the ore, so that the remaining 36% has a grade 52% higher.
2) This means the processor only has to get through 1/3rd as much work.
3) It also means that half the original metal is rejected.
4) It also means, only half the original income if the processor runs at 1/3rd capacity.
Lets assume instead the processor runs at 2/3rds original capacity, because now with 50% better grade we are back to original income but with a 1/3rd reduction in processing costs. Sounds good?
However, a couple of considerations.
1) As you are rejecting two thirds of the ore, you need to dig up ore at double the previous rate in order to have the process running at 2/3rd the original rate
2) You also have a new step with the ore-sorter handling double what was originally planned for the processor
So the question is whether digging up twice as much ore and putting it through the sorter would cost more than the saving achieved by running the processor at 2/3rd capacity.
@cattleman
Obviously, we all wish we knew when the bottom was so we could buy at the best possible price, but if you were buying in the 2s and 3s that should prove to be an excellent price a year from now and an amazing price in 2-3 years. If you have no plans to sell, the meanderings of the share price until then are irrelevant.
There is no point revisiting decisions you can't change - you make the best decision you can at the time with the information you have. 20/20 hindsight is going to drive you crazy on every stock. I'll risk a Shakespeare quote from Lady MacBeth:
"Things without all remedy should be without regard. What done, is done!"
>> All i will say words are cheap...lets hope everything works out...I rest my case
What?
Cattle: "Anglo haven't said anything!"
Me: "Here is a list of everything they said"
Cattle: "OK, but now I've decided I don't believe anything they say anyway, which proves I was right."
(PS, I already sold and I am determined to ignore any information that suggests that was a bad idea)