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Seis - Fulmar. - I just try to provide some balance to your purely ramping views. Call me the voice of reason.

Might be considered conservative by some given:

> Incoming copper boom.

. Bold statement without supporting evidence.

> Tier 1 discovery targets.

. They are only targets. They do not become "Tier1" until they produce. Thats 15 years away and only assuming the asset is in the ground.

> Present ultra low market cap entry vs potential multi- billion project target NPV

. Potential - all companies have that!

> Broker note calculating ZCP @ $1.89 billion potential valuation.

. Where?

> Company fully cashed up

. How do you know this Botswana, working capital etc...?

> BoD loaded up heavily.

. Really?

> J V with a Global Major for free carry of $85m spend.

. Will give you this one!

> Undenia> "The most significant small cap exploration drill program since the SOLG & GGP multibaggers."

. So what?

It's simple really, if they announce a Tier 1 discovery system to market.

. "If", "if" , "if"!

This will 20 x bag (or possibly more)

Ramp , Ramp, Ramp. you are an embarrassment.

"Anyone prepared to stick their neck out and guess s/p by close-of-business Thursday?" Won't give you a number but lower than the opening price. Red day tomorrow.

What copper?

Couldn't agree more Simon. What's your average price in ARC then?

"Oyster it would seem your IQ is very similar to TNR and the Fantasist, a lot of information due soon make yourself comfortable."

Simon, come on share the news then?

You are mistaken Fulmar. I have no opinion on the CEO good or bad. I also don't have an axe to grind with the company. Only time will tell if he has been worth his money.

I object to people like yourself trying to suck others into buying shares by spreading blatant lies and misinformation. Thats all.

Lantier - "Great analysis TC" Suggest my analysis has much more substance than your missive! I nearly called it utter garbage but thought I would be nice. Think about what you stated. It's counter intuitive.

"Dilution was irrelevant in the global scheme of things and those that participated were not diluted at all." Utter rubbish.

"but directors invest their own money in deals all over the place.." Didn't see much invested in ARC from 2020 until the recent placing. Also did the Directors invest cash or convert the outstanding debt?

Surely if there was a rig they would have photographed it. The man asleep in the chair tells a story. Pictures and words and all that!!

Malafuster - I wouldn't be so sure. If they get a clean bill of health from the skilled persons report maybe it's a good time to buy. If they do not and the skilled person suggest perhaps enhancing systems & controls, the costs associated with that, FCA might insist on remedial action and possibly fines this could turn out badly.

If no drilling news I think 1.5p - 1.55p by end of next week. Slightly more charitable!

40p Lee. It seems we are living rent free.

At least post something pertaining to the company. Your snide comments just eat you up and disrupt the board. Chill out!

TNR - "I had just forgotten how adept you were" - Praise from the almighty one, the worm has turned, he has been rather conciliatory today. I feel a love-in coming on!!

"Only lose if you sell" - A strange way to consider performance.

I suppose it depends on what the skilled persons uncover and the remedial action they suggest. There is also generally a lot of interaction with the FCA during the process. FCA tend not to respond in a timely manner which will add to the timescale.

So issue new shares plus a warrant to raise money, buy existing shares, cancel the bought shares and therefore write off the money used to buy said shares. So the cash/asset leaves the balance sheet. Genius. What a way to create shareholder value!

Net/Net the Tingo investment is a better outcome. As they say in Denmark - Logik til kyllinger

10p will value the company at c. £150m. Not a chance.

All ARC has is an interest in a JV it doesn't control and probably future funding required for Botswana and ongoing OPEX.

DG - Spot on. If there is also a significant number of warrants outstanding that could also impact future placings too. Has anyone seen the warrant instrument?

Poorly thought through placing IMO.