Member Info for Travelcard

Wow, don't you have anything else in your life!

Travelcard, is my only username. Not sure I could say the same for you though!

What was Sies's question?

Actually, Fulmar, I would suggest you are a bitter current holder. You are underwater here, you know that, I know that, the posters on this board know that. Let's face it, you haven't had the outcome you bought into. Do I feel sorry for you, no. But hey, ho! your money, your choice.

I'm probably a bit "too straight forward" with my assumption but my assumptions are obviously correct.

Simon-opionless - What was the question?

Simonpee - "None of you boys like answering a straight question, how much did you lose" For me nothing, never owned a share in this stock.

I will answer a straight question and would consider buying in after the directors do. What's your question?

SL40 - The ramper apple never falls far from the tree, does it...... You can't help yourself. You've been rumbled young man!

SL40 - read the last paragraph of my last post and perhaps you might be able to understand why this board has become a farce.

Seis - For the record. To my knowledge I do not personally know any of the other posters on this board. Your insinuation of an orchestrated group is laughable.

One thing I will make you aware of though, is that certain posters, and I can think of one in particular, so condescending and rude to anyone that has a view anything other than positive, is like a red rag to a bull. Purposely posting fake information also makes people dig further to shut his lies down. It's amazing, when his fake information is exposed he disappears to TG!

Perhaps if that certain poster had shown a little more civility in his responses to others with an alternative view, or persons seeking an answer to a genuine question, this board would not have descended to what it is now.

You reap what you sow........

"What’s the rationale for the short interest here ? 2.5%" - I would say it's the huge amount of debt the company has.

HarChris - Absolutely not. The cash should be used to increase shareholder value. If that means paying suppliers then so be it, all companies have costs to pay. If you owned a business would you pay for services by issuing new shares? I guess not. Use the cash to increase the value per share and raise more working capital at a higher valuation. As a shareholder the most expensive form of capital is equity.

I suggest the more pertinent questions are, where has the cash gone? Have the Directors paid themselves for the options they cashed in? How much of the initial AA cash tranche is left.

How can the Directors dress up their options payout as to counter dilution and then issue equity sporadically? However small, it's counter intuitive.

Another point is that according to some on this board the company are supposedly in a closed period. This would have been outlined to them by their NOMAD. On that basis, why is their NOMAD accepting shares as payment when there is market sensitive information yet to be announced? The NOMAD is inside!!! - I suggest the NOMAD taking shares as payment blows the closed period BS out of the water and the Directors can buy shares.

Another point you asked earlier, re holdings. Any shareholder that goes through a percentage point above 3% (up or down) needs to be reported. Location of shareholder is irrelevant.

As I mentioned in different post - Something doesn't smell right here.

Major-Tom in my opinion has the most balanced view on this stock and I would base my intention to invest far more upon his input on this board rather than the known wearers of ARC blinkers.

Having said that, I would not invest in this company until the very handsomely paid Board back themselves. More so considering they have swapped their options for north of £3m in cash. For what - in order to mitigate dilution. Really!!

There is also the assumption by some on this board that AA are obliged to see this deal through and ARC gets all these outlined payments. My reading is that AA are not, they could pull the plug at any time. Eggs and a single basket spring to mind. HIGH RISK

Cash position- Equity is the most expensive form of capital. If you have cash, WHY issue equity? Incoming placing?

If they were paid in cash, SPAngles could have bought the stock in the market.

Where is the cash from the $3.5m?

Something ain't right.

If ARC have been cashed up why are they paying for services in shares.

How long before the placing?

Like all rampers when their unfounded statements start to unravel, are pointed out and the losses kick in.

"They don't like it up 'em" Sir!

The article quotes 3 month forward prices. Your post is irrelevant considering a mine will take 12 - 15 years to get into production.

Fulmar - If what you state below is correct why didn't the company include such wording in a) post balance sheet events YE22 audited accounts and/or b) the last set of interims?

FYI, from the interims -"The surrendered share options payable is in relation to the surrendered share options as announced on 16 March 2021." The figure payable in the interims is showing as £1.263m. The 2022 YE figure stated is £1.129m

I think the cash amount is "material". Where was it stated the BoD had to surrender the options as part of the negotiations for the deal? How do you know that? It was stated elsewhere that the options were surrendered so as not to cause shareholder dilution.

Unless you can demonstrate otherwise I think your statement below is an outright lie.

Looking at today's trades. All those round numbers, looks like a sell order is still being worked.

I guess if the Swedes are selling, there's still about 40m ish shares to go!

Views on overhang number anyone?

https://www.sverigeslarare.se/om-oss/nyheter/sveriges-larare-avyttrar-aktier-i-arc-minerals/

Takenorisk - I wouldn't rise to his bait. Let him nurse his losses in splendid isolation. Market News anyone!

I think your points are valid.

There have been multiple opportunities for the BoD to invest over the last couple of years. By definition, the BoD are always inside and should the will to invest be there the NOMAD will advise them that it is fine to do so. The Board have obviously decided that cashing in their options provided a more lucrative outcome. There was no need to cash in options and burden the company with a multi million £ liability. Trying to dress the rationale up as a dilution factor is an insult to shareholders intelligence.

You have to remember that certain posters on this board are sooooo underwater with this share they can't accept an opinion contrary to their own, hence the vitriol spouted toward any opinion out of sync with theirs. It's almost a full time job for these characters trying to persuade others to buy into their hype. We have been reading their nonsense all the way down from 8p.

Personally, until the Board of Directors show faith and invest I would not part with a single penny and invest in this company. They wax lyrical about how great the AA deal is but won't invest at what are nearly four year lows. I've been around long enough to know something doesn't smell right.

My thoughts are, either :

they have drilled some locations that have historically shown decent grades and are waiting for the results and will want to publish said results and pontificate about the future of ARC.

or

a placing.

My guess is the latter.

Perhaps they are just trying to crash through their audit and report their YE2023 numbers early.

Good point Fulmar. You might learn something.