Member Info for Valueseeker03

Imagine this... posting all the time about a company you probably have no financial interest in.... appearing to crow about others misfortunes... what kind of life that individual must lead, what it must be like to live with someone like that?

The average life expectancy in the UK is roughly 81 years - that's 29,565 days roughly spent on this planet. Some will be shorter and some will be longer....

Lets say at a guess average poster here is what 45 years old? Then, based on the average life expectancy thats 13,140 days left.... my point is why waste precious time we have on this earth in things that dont concern us or dont have any benefit to our lives?? Lifes too short.

Keep smiling all.

Thanks F. Do we know how often the mines advisory committee meet up?

Is anyone following that @hardestgeezer fella on twitter? Hes called russ and he's aiming to be the first person to travel the full length of africa by foot... incredible achievement and hes 70 days into his challenge and already done 2390km.

Amazing to think that someone can do that by foot, but a mining department cant process a license application in the same time!!! This situation is becoming embarrassing now.

Someone sent me a tweet last week that Nicholas Woolley - British High Commissioner to Zambia met Paul Kabuswe - minister of mines and tweeted the following:

Met Zambian Minister of Mines, Hon Paul Kabuswe, to discuss ways to deepen 🇬🇧🇿🇲 partnership, incl in:

✅ job creation

✅ resource mapping

✅ improving standards

✅ enhancing value addition

✅ unlocking new UK investment

✅ supporting SMEs in value chain

Maybe he could help the situation especially as the minister is looking to "unlock uk new investment"?

Thx for replies earlier.

So do we know timescales for the comp authority to do their bit. I saw their SLA was 90 days max, but how long ago did the clock start ticking?

I'm hoping for week- 2 week max.

Good post f.

Not posted for a bit but still here and fully loaded up!

Someone somewhere needs to pull their finger - not happy with this sp performance.

Clarity is needed imo on what the hell is holding this up. Its all well and good 'his excellency' publicly saying what a great place Zambia is to invest etc. But this is knocking on to be over 200 days now! He has a major company willing to put 10s of millions of investment into his country and from outside looking in, i question could the government could be doing more to accomodate foreign investment?

For me clarity needed by arc on:

Zam - next steps, what is holding things up. It is turning into 'months' not 'weeks' which is at variance to what we were told on conf call.

Botswana - where are results - are they coming by horse and cart?

Tingo - whilst a non core asset - whats happened there? Has the money vanished? Do we get the asset back?!

Im still confused f79. The rns has that ticker (tmna) which is what the lower price is. The other tingo (tio) has been going like a train the last few weeks.

Help please anyone?!

Think ive found the answer from.previous rns...

In addition, Arc holds a US$5m secured loan note dated 19 March 2020 issued by Golden Square ("Loan Note"). The Loan Note has since been secured by the issuance to Arc of 3 million shares in a US listed company, Tingo Inc. (OTC: TMNA) ("Security Shares"), a leading agri-fintech business in Africa, which has submitted an application to list its shares on the New York Stock Exchange. Arc has today agreed with Golden Square to accept the 3 million security shares in full and final settlement of the Loan Note. The value of Arc's holding is approximately US$7.5m at a closing share price as of 27 April 2022 of US$2.49.

Which tingo is it ful? I can see 2 quoted companies.

Thx

Really surprised at price reaction here. Its been a positive call imo.

Cant say how thrilled i am with this.

Has anyone found any comments or release from anglo on back of this? Hopefully today they will put out a release.

Get in!! Absolutely delighted for arc and all those who have waited so long for this day.

I cannot wait to see what the next 12-24 months looks like.

Big well done to BoD for getting this over the line.

Wish theyd hurry up foing whatever it is they need to do. Suspense is killing me. Cant wait to get some drills turning.

Great article that. Love to see pr like this. Well done Nick.

As one other eagle eyed poster pointed out on the other thread. I note the ABSENCE of this statement in todays rns (but this has been in previous rns')... was that by accident or are we essentially there....

"Until the signing of definitive agreements, there can be no guarantee that Arc Minerals or any company in its group will complete any commercial transaction in relation to its Zambian assets."

I personally see this as positive given its just 13 business days... fingers xd for a nice april. Onwards and upwards!

Great spot CT. Have everything crossed

Totally appreciate that and no doubt a lot of work has gone into this.... but, how can i word this... so what are Bod doing for the remainder of the time/working week? (NVS is also a ned of another company might I add). This is a valid question of any highly paid employee...

Genuine question. When will they give us an update on something? Anything?

Every week at work i have a team meeting and are expected to give an update as to what's been achieved/done and what next week looks like etc.

Not asking for weekly updates or anything like that but come on, give us a clue as to what's happening/progress with operations etc.

If i turned up to meeting with stakeholders with nothing to say/update id get a very terse reception and probably asked the question why are we paying you so much for no further updates??

For me if this deal gets over the line then NVS can pay himself what he wants imo,but for now is remuneration currently proportionate?

Theres been enough mutterings about this today to warrant the company saying whether there is any truth in it. The stock price has been nailed well over 50pc in the last 6 months and i would seriously question why raise money at these levels than say 6 months ago?? And also why BoD didnt try and place all those 10s of millions of shares which have been nailed in the market place. In such a clumbsy way.

P.s. i wonder if the bod thinking of buying some shares at this level...

Btw who said anything about 'looks to be falling apart'??

Ful. I said my date of mar 7th last month for an update based on a 21st dec application and i was castigated.

https://www.mmmd.gov.zm/?page_id=1227

What does he/she mean 'may'??? We dont want 'mays' at this stage in the process!! Someone somewhere who is involved in this process needs a nudge to get on with it imo if it is to be!!

So essentially was a 'forced' seller rather than concerns over operational issues with wbi?

I used to hold obt years ago and met management at an investor event - graham veitch and simon rollarson - they were massively into tomato production then!

The timber side of the business always intrigued me and clearly value there (but cognissant of geo political risks).

Will be interesting to see if bod take advantage of these prices and buy some shares in the open market.