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20% of MICT?

Foolmar. Before spouting that the company owns something it doesn’t check your facts. That’s all. People could have bought into this due to you totally misleading statement earlier. Check the numbers and correct it.

Cue another link to a banal ramps website link!!

Foolmar. Numbers please?

Foolmar suggest you work the numbers out. It ain’t what you think it is. If you want to patronise about the delivery of calculators I suggest you keep one yourself. Arc own 3m shares out of c.1.2bn. It’s about $1.2m throwing in a haircut for illiquidity less than that. Keep watching the muppets show!!

Foolmar. Assuming the $14.5m goes in as equity valuing the Zambia assets at c. $20.7m (70/30 split) and the "up to" $74m goes in as debt, either senior secured or unitranche, probably the latter to give AA a better return. This deal will give a present value to ARC's shareholders of 1.3p per share. (GBP/USD adjusted). Considering ARC supposedly has Tier 1 assets. How is this a game changer or a good deal for shareholders? Its an awful deal, wise up!

Known in the market as "fluff" and thats all it is.

Not sure about a placing, could sell some Tingo to raise cash!! their holding was supposedly worth north of $7m not so long ago, worth less than $3m now!

"Yes Verger,everyone else is wrong and you are right (as always)" - Oh the irony!

Well it's seemingly on its way Jayber. You may get your wish.
Actually, hold on. I remember Foolmar wrote that there are queues of buyers in the 2's! let's wait and see.

"Another few days wont make any difference to us. I might start an arc advent calendar!! :-)"

Make it a 90 day one or you will run out of chocolate, imagine opening 63 days of doors for nothing!!

Stew200 : what is the cash position after you take off this months losses and current liabilities (which don't just evaporate into thin air!). Probably nearer to £1m than £3.5m. Real VPS on this is nearer to 1.3p - 1.5p IMHO.
Last set of accounts showed Net Assets of £1,120,000 I assume a chunk of the assets possibly being foodstuff are perishable too!
Way overvalued

Foolmar, barrels and fish spring to mind with you!!

Anyone remember this little nugget of a rampy thread! Depending on the materiality immediately to 48hrs is generally the deadline for an RNS.
10 days and counting........................... !!

I think we all know the deal (if any) will not be announced before the AGM. My guess is. Hold the AGM. Then announce the deal is either delayed, being renegotiated or not going to happen. NVS will obvs pontificate that he cant answer certain Q's whilst being nicely remunerated.

My guess is ;
a) delist
b) Assuming disapplication of pre-emtion rights, a placing with the majority taken by the Board and investors known to them at these low levels. Therefore diluting existing shareholders.

Some would think ARC have the only new mine! Surplus is also created by new mines coming on stream.

Truthfactory - That would be a breach of directors duties under the Companies Act-this is going to delist and refi using friendly cash -
No it isn't, as long as they comply with the company's Articles of Association it is fine. I haven't read them, but if pre emption rights have been disapplied, which they will most certainly have been, there is not much you can do.

wakeyinvestor - They can’t delist without shareholder approval, not sure what percentage they would need but I’m guessing 75% ;
Correct but it is of votes cast for the resolution, not the 75% total equity holders. The other way of course is to fire your NOMAD and not appoint another. 30 days without a NOMAD = automatic delisting!

https://www.mining.com/web/global-copper-market-to-see-155000-tonne-surplus-in-2023-says-icsg/