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I agree, can you give a spread on which year?

I will open it up with 2030 - 2031. With the caveat of no more placings beforehand.

4p based upon what? Have you factored in the more than 1Bn warrants?

4p very unlikely in my opinion

It's a busted flush, too many placings, too much dilution, too many warrants.

16th March 2021

Arc Minerals announces that 75,837,378 share options have been surrendered by a number of persons discharging managerial responsibility ("PDMR"). The Company has taken that decision to reduce the potential dilutive impact which would arise from the exercise of share options in order to optimise the potential upside of its value per ordinary share of the Company.

The share options, further details of which are set out below, are currently exercisable at a profit.

In lieu of this surrender, the share option holders will be compensated in line with the Black-Scholes fair value model, using a 10-day VWAP of 6.94p through cash and / or shares to be issued at the Company's discretion to a total value of £3,474,179 ("Consideration"). It remains the Company's priority in respect of the surrender of options not to issue further shares to management thereby avoiding diluting shareholders' interests.

Imagine if the £3,474,179 had been left in the company. Probably no need for further extremely dillutive placings and enough cash to drill.

Absolutely shocking. They should pay the money back.

Fulmar - shouldn't that be, lose it how I want to? Probably a more accurate reflection of your investment performance?

Has the company stated anything about his salary since no longer being the CEO? Presumably given the lesser time commitment the salary has been reduced accordingly?

Can you illuminate us on the scam?

Or, do you just think that anyone that never believed in this s**t show is a scammer?

Surely the Tingo shares are worth something?

Great to know that Fulmar is party to news prior to the market being made aware. That inspires confidence! Either Fulmar is a spreader of male bovine excrement or there are integrity issues with the company.

I wonder which it is.......

Don't forget McMaster I'm sure he's not doing it for nothing! This is going the same way as HMI and Jangada.

Just look at the performance of the companies they are involved with.

Where are the drill results to prove it?

Aka - rearranging the deckchairs on the Titanic.

Will NVS be taking a reduction in salary?

What I read from that piece of fluff is, replace the Chair, change the manager and revalue the assets.

8ead - I feel sorry for shareholders. We used to run client stock portfolio's and my guess is investors lost more money averaging down than they did on the primary investment. Chasing losses is an expensive game. Sometimes it's best to put a share down as a poor investment and find another home for the averaging down money.

Whilst I don't like RNS fluff announcements, you would think that an RNS of some type would go out with a brief update just to steady the nerves of shareholders. With no news punters get twitchy and start selling, it becomes a downward spiral sadly. GL though, I hope it works out well for you in the end.

Hi Fulmar, not sure who Singhy is, but as I said….. Red on Monday.

You got to read the market……. Perhaps it’s time to further average down?

I think now you are firmly in the clown car driving seat!!

More red on Monday.

When it comes to abuse you and 40psimon are in a league of your own.

Trouble is you don't like views alternative to your own, a contrarian opinion is not abuse...... Think of it as balancing out your rose tinted view.

I think one of the issues for long term holders will be people buying in at low levels and taking profits. Unless some majorly positive news is announced soon, I struggle to see this getting back above 1.5p.

Why the further share price decline?

According a certain mouthpiece spinning that the court cases have been favourably resolved. So far nothing from the company, is this more Bovine male excrement from our resident Jacques Cousteau from deep below the waterline?

What is the real state of the court cases, anyone have an accurate update?

L.o.s.i.n.g.y.o.u.r.s.h.i.r.t.i.c.u.s