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http://s2.q4cdn.com/256050873/files/doc_downloads/CheyezaEast_Geochem-DDH_Labels.pdf

geo chem map and hole locations

all depends lets look at the facts:

so far 4 holes drilled and assay so lets break it down based on holes grades and location http://s2.q4cdn.com/256050873/files/doc_downloads/CheyezaEast_Geochem-DDH_Labels.pdf.

Hole 1 maiden resource was ok confirmed copper 0.72% over 3.97m depth imo thats NOT commercially viable.

Hole 2 Hole 2 assay: 25m thick layer @ 1.05% Cu from 2.00m depth, includes 1.7% Cu over 9.3m layer from 18.5m, includes
§ 13.34% Cu only 0.56m thick it hit a vein from 27.24m MUCH BETTER BUT IT SHOULD BE if we look at the geochem location map it was right in the highest potential area. VERY MUCH confirms a viable grade but needs to continue this over much larger area.

Hole 3 suffered technical issues BUT surely could have been drilled adjacent? DID THEY PASS ON THAT BECAUSE POOR GRADES? we don't know but ones things for sure they moved the rig away and it was around this time the share price dipped last time (insiders ?)

Hole 4 Again decent grade · CHDDE004 intersected 18.00m layer at 2.35% Cu from 30.60m
o Includes 7.60m at 4.15% Cu from 39.00m and excellent grade but thin layer.

Hole 5 Picks up the pace again good grades CHDDE005 (Hole 5) intersected 28.50m later at 1.32% Cu from 18.6m OK grade and decent thickness
o Including 13m layer at 2.31% Cu from 26.2m GOOD grades not so thick a layer

NOW IMO AND ONLY MY OPINION the next two holes are crucially important to show 2% grades over 15m thickness for both because up to now the holes showing best grades have been located in the highest potential zones on the geochem map. If they start to decline it could indicate the resource area is not as large or patchy which IMO will not attract the majors.

I want to believe and be positive BUT I NEVER FALL IN LOVE WITH A STOCK. This is still unfolding BUT I AM 100% CONVINCED insiders can see and inspect the holes 6 and 7 cores now and maybe JUST MAYBE they aren't as good as 2, 4 and 5?

That would explain todays share price dip.

agreed I think we could see a pullback to 4p ish nothing more due to profit taking and warrants options conversion which filled the brokers pockets they need to sell to buyers which at the moment aren't out in force.

why?

IF and I hope not holes 6 and 7 show declines in grades that will be a drag theyre extremely important and need to show trend continues North East and South West
http://s2.q4cdn.com/256050873/files/doc_downloads/CheyezaEast_Geochem-DDH_Labels.pdf

bid dropping look like momentum is faltering.

Core from hole 6 and 7 must be surfacing now and being eyeballed...……………...

nope and sadly I think this will be range bound until warrants are cleared

I’m hoping these come in earlier since there was no disruption from Zambian holidays.

Also hoping for update RC drilling in west lunga at the Zamsort Zaco region.

The latter could be the major jump higher catalyst

Wow that’s deep!!
1.2km is that too deep to be commercially viable?

Fulmar I can see you are very bullish here and want to see this higher but the fact is we need a big buyer or some transformational news to clear the warrants not dripping as is the case.

What is the other site you refer to?

Plus 800k 10.46

Also another big trade right now plus numerous chunky trades

If we didn’t have warrants this would be 10p TODAY!!!

And the share price dropped

TOLD YOU THATS OPTION OR WARRANTS!

Fulmar I agree speculating on a virus in another country is irrelevant but discussing warrants and options is very relevant imo and you will see in coming days I am proved right when we hear more have been converted.
Many here were upset at the small decline on such good RNS.
I am in constant discussion with NvS on this matter and he informs me the website will be updated later this week to reflect the changes.

Now that said I am hugely bullish on ARCM but it’s my opinion we have to undergo a process before we see really big gains. Someone stated we could see rises equivalent to today’s share price and I agree 100%
My ultimate target medium term is 150 million mcap possibly 200 million.
5-10 times today’s mcap!

Clarifying situation on short term options warrants

“PS It is also worth noting that there are only 17M that expire before 2021, eg in next 18 months“

By my estimate 12 million left

By my estimate 2 million plus warrants and options converted today generate £100k for ARCM pays for drilling 4 holes

Harry no one is selling its new shares created

It’s a process we need to go through to clear warrants then boom

Accumulate here today ready for overhang to clear ahead of massive JV news OR sale gold assets

Be landing today imo

Live prices anyone

Better grades again over 2% 5p gone today window wide open to 7-8p now