Member Info for WaffenBurret

Mikeepikee,

(That took three auto corrects to type, lol.)

Just wondering about the logic of your response. How can your other investments have any direct effect on what happens here, other than to lure you into a false sense of well-being?

To all of you who have responded, I thank you for your courtesy. I am not wishing to deramp like some nits on here and I truly hope there is a favourable announcement SOON.

@Anglebox: not sure how No Annoucement by 25th would lead to a positive. The following day, headroom will be voted through. This COULD, enable George to hardball Canmax, get a favourable deal. More likely a very uncertain lull while ‘upgrades’ continue.

The unknowns have increased and only a clear communication will settle the situation, as you suggest, hopefully to the positive.

Best of luck to all of us, (under stress).

WB.

The creditors will only be happy if their deal goes through uncontested of course. That’s their current position.

Stating the obvious. Fortunately, the decision is not in theirs to make.

“…not to terminate the Agreement providing that an addendum between the parties is entered into on or before 25 June 2023.”

With only two more trading days left, maybe three, before the deal deadline is reached, I am concerned that Prem/Spark will not have resolved the issue of correct grading.

That being the case, no deal will be concluded and the share price will almost certainly drop.

Then, once fresh headroom has been voted through, Prem will want to buy time to fix problems and renegotiate. That means share dilution and potential further drop.

I have therefore decided to reduce my holding to protect profits and, in some tranches, the Principal of my investment. I have been caught before by a miner (two years ago) when placing lead to a sudden drop, auction and NT. short term 25% discount. I would rather be on the right side of the curve this time. Better not to be too obsessive with one’s long term targets and stay in the NOW.

29K reached! - 9 days earlier than predicted. Lol .

And I thought I was being perhaps a little over bullish 🤣.

Glad I topped up ARB yesterday.

Will BTC stick though?

Or continue to a new annual high?

OR drop back down to c.27.6K. ?

Either way, we should see some recovery in price for Arb today.

Agree that it’s a big if, hence upper case format.

But a serious question, what do we know of the “unscrupulous behaviour”.

How much is actual as opposed to assumed?

Also, as regards debt, are we sure that there is any:

“ As at 25 April 2023, the Company had cash of £516,000 with current contractual liabilities of £231,000 primarily relating to one-off expenses incurred for insurance and advisory fees during April 2023.

· The Company also has ongoing costs including directors' fees, insurance costs, AIM listing fees, registrar fees, professional and other advisers' fees and website hosting costs. The directors of the Company (the "Directors" and together, the "Board") are taking steps to renegotiate fees where possible, however the current monthly spend is approximately £40,000 before any one-off expenses including advisory costs relating to the future of the Company.

· Given the Company's cash position, its current contractual liabilities, the contingent liabilities it has to consider and the ongoing cost run-rate, the likelihood of the Company being able to continue for a period longer than three months from the date of this announcement before becoming insolvent is low.”

So, sure, cash til end of July. But no debt declared. There is shell value here imo.

Lol - !

Not really getting to the bottom of it @77bb. And too early to judge.

There is a serious possibility of a shareholders’ committee being introduced and maybe a time extension. Should that happen, the SP will go a lot higher. People are bound to take positions in anticipation. Always a gamble, but this afternoons sell-off could turn out to have been a reasonable buying opportunity for some.

I concede I could be wrong as none of us are mind readers. But at least, as you reported earlier, you swiped a £10 profit. Well done. Proud achievement, etc.

GLA.

29K end of this month a strong possibility.

Further Big rise in late Summer/Autumn - as raised American debt ceiling continues to drip through via inflation and increased rates to majority asset classes from blue chips to property (but not crypto)

All guesses but then there’s the political dimension too. Possible spanner.

Someone bought a chunk from PH. Left my profits on the table from last time.

Waiting to find out what happens next.

RTO Could be a one-off announcement and immediate re rate based on previous shell experience. Then the buying…. Lol.

IF!

And 2022 hung up . . .

An we sure don’t need no Giant Squid for advice neither. Yuk yuk.

Which forms part of the bigger idea that both Mook, and the creditors were happy to get low-ball valuation to support the case for insolvency and impose an RSA that fleeces the shareholders.

Any serious interest in ROW might scupper plans.

This could become a meme target should Judge Marvin decree a shareholder committee.

News worthy!

- Power to the people.

GLA

Could be a disgruntled employee? Could simply be shorting the stock.

There is likely a pecuniary interest at stake.

Lots of forward guessing statements. Everything is bleak. Oh and then the cadastre and licences are all confirmed.

You should be proud of yourself hackbridge.

“ I sort of agree that companies shouldn't keep issuing an RNS”.

Nice that we agree :).

Conclusion in the pipe. Awaiting Zambian sign off on cadastre licences.

Nothing to do with ARCM at this point. Perhaps write to the Ministry?

WB

Nothing new here:

https://tradingeconomics.com/zimbabwe/inflation-cpi

If anything, conditions have generally improved.

I have a $5Billion Zimbabwean bill in my sock-draw from Mugabi days that wouldn’t even buy a sock.

I have no doubt prem will be operating entirely in US dollars as described in news releases.

And a couple of busy fuddists with the intelligence of half a piece of boiled broccoli are on here hourly, squabblin over, trying to guess, the contents of a few bags.

Surreal.

And whilst on the subject of fud. I don’t believe it is the responsibility of the company to spend money on RNS’s simply to bat aside constant fuddists. PI’s are generally quite capable of researching and weighing up. That’s part of the investor’s job unless they pay a wealth fund manager to figure for them.

I do. But I also invest directly and chuckle frequently at some of the tripe being whipped up on many boards. You’re by no means the best but you are genuinely entertaining.

All best.

Sure Peg. So write him and ask and get something on record instead of concocting fud.

I’m sure he’ll be quite reasonable about it.

Unless of course you’re too busy writing fiction here.

“ Well you could buy the whole shell for £152k. £45.6k could buy the majority at this present moment.”

You’d have to chase the price a little. But 30% May no longer be enough as the BOD are going for direct action by petitioning the court, which I assume would not require a vote.

If you obtain 51% of the shares then you have leverage and could remove the current board by calling an EGM and voting them out. Problem is, you don’t know what might be hidden in the books and may have to deal with legalities so I would suggest that you have a provisional conversation with a decent law firm specialising in commercial law.

However, approached in the correct way this could provide a unique opportunity to get listed if you’re looking to raise funds and you genuinely have a product ready for market and customer orders lined up.

If.