Member Info for Valueseeker03

Steve, great post and very sensible thought process. Not selling and here for LT!

Lantier, the quantum of shares which was put up on the auction to sell was 6,750,000 - all at once. Thats hardly insignificant. Clearly didnt get filled and the seller has obviously been dripping them out in the market over the pst week or so.

I have no axe to grind, just dont want to see my investment dwindle away when the story looks so good here.

Seis, ful, thanks for your insights re: timings. Hopefully not too long before we have to wait for an update. A poster on x seemed to think in next few weeks we might hear something.

LL. Thanks for your reply. I think utter nonsense is harsh.

I have been invested here for around 4 years now and this has been an anchor in my portfolio!!

The sp was 4p a couple of months back following transformational news. Today, we sit at 2.6 bid - a 35pc reduction. Surely you cant be happy with that? I am not.

I follow the market for this stock closely (probably too closely) - even the 9am and 2pm auctions... those eagle eyed will have spotted a very large amount of stock on offer the other week and no coincidence we see a number of 1m prints hitting the bid. So, this looks like a decent sized holder has sold (for whatever reason).

For me a CEO should have the sp at forefront of his mind (as well as the main business interests),otherwise whats the point of being listed and all the associated costs?

My observation was why arent bod buying any? If they arent buying why the f will joe bloggs buy? As someone said recently 'its nice to see a chef eat his own food'.

The other point about 'stopping the rot' is why not find out who the big seller is and try and place the stock out in an orderly fashion? And also, where are the bots assay results?!

I am invested, I have held for so long and see value here. I cannot look past that after this investor event a fair few have left the building and i dont know why. I had business meetings which is why i missed it. All i heard was positive things and the investor calls ive been on gave been positive, so im really surprised we are here.

As you say,its prob boredom and investors may return once drilling results start coming through in the dry season.

Ful,thanks as always for your balanced reply. You're right, it could get very interesting.

GL all.

Hi all.

Honestly cannot believe where the sp is. Why are BoD not buying shares at these levels? Granted NVS owns 15m (i think), but how can he sit back seeing the sp drift on a daily/monthly basis?

Question of the day. If a co's SP drops it potentially makes it more attractive to buy. If an aa competitor for example saw value in a deal being done on a junior listed company with attractive JV interest with a major, then could they consider potentially getting a free ride on their competitors tail??!!! Dont know how these things work but just wondered if it was ever a possibility.

I would like to know what NVS plan is to stop the rot here.

GL all

Really impressed with Nicks confidence and tone on this call.

If any of the naysayers have any concerns, arc have given you an opportunity to ask questions in an open forum. Now is your chance to ask away....

On this conf call.

I hope we can get a clear vision as to where this ship is headed!

Gl all

We will see Noresco... the lower the sp, the more attractive it potentially makes it for someone to do a deal on us...

Lets see what this aft brings!

Caddy. Surprised myself we arevnot higher. Really looking forward to the call later and journey ahead. The only things i can think are:

- Rns released on friday mid morning therefore questionable if this got as much reach as it could have with say a 7am rns.

- Traders happy to make a quick turn - note volumes the 2 preceding trading days before rns

- confirmation of current cash position and whether (OR NOT), requirement for funding

Apart from that couldnt be happier! Just given me a chance to add more

Absolutely fantastic news this! Well done to all holders.

I can only assume price not gone up more because its fri mid day and there are a couple of minor bits to sort out. But great to have a comment from the mining minister!! And no way would anglo have already started drilling if not going to conclude imo.

Now lets see whats in this ground!!!!!!!

Happy happy days!! :-)

Totally agree ful. Looks like a very productive day.

Do we think jv will be signed before month end?

Caddy. This is very frustrating to say the least. What exactly is stopping aa signing the jv docs and sending money to arc?

Do they want this asset or not?

As always time will tell but im hoping sooner rather than later and we dont have a sirius type situation...

Do we know what the hold up is (taxation i think has been mentioned?)? And when we can actually get the JV signed.

Fingers xd it will be soon!

Please give the full context, rather than the bit you choose to select....

Going concern

The Directors have reviewed a forecast prepared by the executive and have a reasonable expectation that the Group has sufficient funds to continue in operation and satisfy liabilities for the foreseeable future.

The Directors are also required to assess the Group's ability to continue as a going concern ("Going Concern Assessment") in the event that the joint venture with a subsidiary of Anglo American as announced on 20 April 2023 (the "Anglo JV") is delayed or fails to close or if the Group cannot liquidate its receivables and/or investments. It must be made clear that consideration of these factors by the Directors for purposes of the Going Concern Assessment, does not in any way reflect the Directors' views on the commercial viability, nor probability of closing, the Anglo JV. The Directors' Going Concern Assessment similarly does not reflect the Directors' views in respect of liquidating the Group's receivables and/or investments nor in terms of the potential realisable values. When excluding the Anglo JV and non-cash receivables and investments from their Going Concern Assessment, the Directors note that that the Group's ability to remain a going concern for at least 12 months from the approval of these interim financial statements is dependent on the Group's ability to raise further equity and/or debt finance. Whilst the Directors acknowledge that this carries a high degree of uncertainty, in part due to current market volatility, they have a reasonable expectation that the Group will continue to be able to raise finance as required over this period.

Hopefully you'll do well on your latest purchase manx.

These timescales are becoming farcical now. I'm going to hold no matter what, but at the end of the day each day p***ing about is a day less we could have be drilling.

Its coming up to 9 months now. Not impressed.

Only bollingers im bothered about is that bottle in my cupboard, which will subsequently get opened if some drills start turning!!!!

What i meant to say was is that ive seen companies do this before in situations where they believe an orderly market for shares hasnt been observed i.e. pending news.

Not sure whether this applies here but what i do know is that it feels like a death by a thousand cuts seeing the sp fall by 5-10 bps on a daily basis.

P.s. is it worth temporarily suspending the share?

Good post. I am still optimistic about drilling this year.

Cant believe the sp. Downside limited imo and upside potential huge. When is the agm do we know?