Member Info for Strider4

Fulmar - not sure how that report and ARCM are correlated? Has Zamzort got either a JORC or NI43-101 resource, as defined by the drill bit of course, that is very large and high grade? If not, then it is not Tier 1. The phrase "Tier 1 potential" on the other hand is frequently bandied around.

Doubt CGP are selling their golden tickets. At the same time it's even more doubtful that they are buying - with what money?

Sta - I was with you on your post until the following:

"With two Tier-1 assets" Tier 1 has a precise tonnage and grade in the industry, varying between commodities of course. So, ARCM has two Tier 1 assets does it? Frankly I find that extremely hard to believe that this is not pure conjecture at this stage.

Westie - you're demonstrating your lack of knowledge of how small cap share prices move! They need retail investors to come on board. Persuading them to do so helps that cause.

Westie, I haven't yet done any thorough research on OTC re-incarnated, other than a pre-cursory check of the financials and listened to one of the latest presentations. Evidently, if I think a placing is due I'm not invested here. To be clear, I am not having a go at the new prospects - I'm merely stating my thoughts on the financials.

Twohits - I think you're in here quite heavy? Maybe you could put together an "ARCM Investment Case" along the lines of my SOLG one? It'd be great to have a factual summary of the current state of the projects, the current financials in addition to well-reasoned arguments for the potential. Who knows - it could entice more people to come on board, and push the price up!

As Addicknt said and it keeps being re-hashed, the PEA has been Q1 ever since the webinar last year.

Good point Addicknt:

"It is conceivable that this could be our swansong, in as much as we receive a bid before we reach PFS, let alone BFS. Therefore, it's imperative that we put our best case out in the market."

Ah it's just clicked...STUREC is one of the "imminent" disposals that is going to raise cash for the company! It makes sense now :)

Twohits - totally agree that Sturec should be valued as zero and is a complete side-show now. That is why they needed to change the name of the company. The legacy of OTC left an extremely bad taste in investors' mouths.

Westie, ok I'll back it up with a fact or two. Back from the days when I didn't have a clue about investing/trading I held OTC and finally sold for a 98% loss, last year. Talk about a train wreck.

I believe the change in name to ARCM was only about a year or so ago (from memory)? So, if you bought in pre name change, and presumably pre the time that they had anything but Sturec, then you must be psychic to see the potential - truly tell me what is your secret?!

Lol, Babbler will have sold already. He had his finger on the sell button hovering at 8am, all the while talking it up.

Twohits, indeed we'll see how it plays out. The chart nearly tempted me to buy at 3. Looking strong but with some fairly sturdy overhead resistance at 3.6.

Fulmar - not interested in having an argument here so I'll just say this and be done with it. "@Strider with CEO and board members being large shareholders,they will obviously not dilute unless desperate". It's a definite plus that they have skin in the game. However, there are plenty of other companies that are in the same boat (GLR and SOLG are just two that spring instantly to mind). Explorers burn cash. They will raise when they need to as all explorers do.

Westie - Well whoever poured scorn on OTC did so rightly! That was a shocker and a half. And if you argue with that, then you weren't trading stocks in early 2011.

"The plant is paid for and it commissions this week, only cost them $500k". No, I was more referring to supporting it during the ramp-up to profitability phase. That can take 6 months to a year. And as the CEO stated himself, these small operations carry a high risk of never being profitable, which is why they wanted to limit the capital spend on it.

"Those 2 assets have been in a data room for a while, NDAs have been signed, disposal is apparently near. We’ll see". Ok, so that could eb a source of income, but the timescale is undetermined and as such should be seen as a bonus, not something to rely for the day-to-day running of the business.

"In terms of drilling costs, they will prob get a partner in, they are in talks with 5 majors there". Ok, so a farm in. Again, that is something that has not happened yet, and so cannot be counted on yet. My calcs on burn rate (ignoring the sale of assets, which can't be relied on), suggests that they will do another placing soon, especially as they are going into a drilling AND production phase.

"Member of the board is the ex head of mining for rio. Rio in the lusaka times today talking about looking for copper/cobalt assets in zambia". Ok, but I would imagine that Rio is going to want to see much firmer proof (i.e. drill results) that there is a Tier 1 asset there before they commit any money. The majors want Tier 1 - they can afford to wait, while the juniors do a bit of proving up first.

"The billionaire founder of stage coach and the richest woman in scotland provided a good slug of the funds and remains a large shareholder, you do the math(s)". Ok, but there are countless examples like that. Take one, Condor Gold - billionaire Ross Beaty and Jim Mellon (not sure of his net worth, but it's high) are big shareholders but the share price has suffered.

"This aint some colin bird/lenigas/ pipe dream pump and dump" Quite possibly so.

Risehall, you are mis-informed. The depth is crucial because it dramatically affects the cost of mining. It's well known that for deep deposits (500m+), you need something rather special.

What we see here so far is a long, long way off something "rather special".

LSE

Qalibashi, "-by doing this Nick I guess was assuming CGP shareholders would go for it."

The implication is that Nick is a fool...given how intimately he knows those at Cornerstone and the situation in general. Of course, we know Nick is no fool, so the above statement doesn't ring true.

It seems quite clear who holds CGP shares on here! Quite a lot of vocal Canadians today on our humble LES board.

Qalibashi, "That major is probably in discussion now with CGP. It may well be BHP or NCM."

Now, how would BHP be in discussion with CGP?! There's a 2 year standstill firstly. And secondly it would have been a major tactical blunder not to have just bought CGP in the first place, as their entry, if they wanted to go down that route. I will eat my hat if BHP takes over CGP within the standstill period.

Again, Newcrest could have taken CGP for an opening salvo a year and a half ago - they also didn't...what gives?

OWT - "CGP payed a blinder"

Don't you mean: CGP has been outmanoeuvred at every step so far?!

Not sure if this point has been raised yet, but it is the depth that is the primary issue here.

If those results were from surface, then you would be happy, not ecstatic but you'd certainly think that it might be economic. But these results are from 500m depth. They do not cut the mustard.

Intelligent not intellegent...doh, every time.

OWt, who's bickering? We're having an intellegent discussion about an important topic. It's a primary purpose of these boards.