Member Info for westie50

Below I have copied and pasted a summary of where we are now from a very respected poster in another group. I have his permission to post his notes:

ARCM
Arc Minerals.
What results we have today. Amazing really.

Highlights

Zambia.
Highlights:
· CHDDE060 intersected 1.47% Cu over 39m from 13m o Includes 2.25% Cu over 10m from 41m
· CHDDE057 intersected 1.78% Cu over 21.50m from 29m o Includes 2.84% Cu over 11m from 34m
· CHDDE059 intersected 0.76% Cu over 24m from 15m o Includes 1.70% Cu over 7.50m from 23m

I've read through lots and lots of RNSs from the last decade. Kalumbila and lumwana never had such drilling results. We are also hitting sulphides now which indicates we’re getting closer to the motherlode. 1/4

Today's result further shows that we really are sitting on something big. Something major like a tier 1 deposit at Cheyeza East. We know we’ve hit further mineralization at the other targets but no specifics yet.

As one of the majors told Nick, our results are the best copper results in Africa in over a decade. Last time we found such a discovery was Kamoa in 2008. Kamoa which looks to have many similarities to our West Lunga target.

Further. Today results and attached comments really does explain why we sold the gold assets. Free up a bit of cash, cut costs, and get complete focus on Zamsort and Zacco (very good move increasing stake there the other day). It was worth a somewhat disappointing price for them to get us in such a strong position today. 2/4

Majors want clean companies and they also want junior companies to be desperate for cash and/or shareholder-unfriendly management in order to get cheap earn-in deals through. Now we have given them 1/2. The second part re cash and management is where we are and likely will continue to stand out vs most juniors struggling. With a highly motivated skin in the game large cap Anglo CEO, an uber shrewd skin in the game CFO (you’d understand if you meet him) and a world class team of geologist and even drillers with skin in the game we as PIs can rest assured that we’re well looked after. As good as can be. On corp level - We can, if we want - probably create a good cash generating project w CE shallow high grade deposit and we have cash coming in from asset sales. That is really good to have. 3/4

I know the cfo well and he knows I would much rather build my stake by putting cash in the company rather than buying on market. But the opportunity has now evaporated with the non-core asset sales. And I know he thinks the mkt hasn't yet figured out how strategic our asset is and think we are undervalued by multiples.
The majors are in. He wants to have the best set of cards when it comes to negotiating and signing the termsheet.

Worth noting. This is a potentially 44 % increase in resource size and indeed higher grades.

All very encouraging if not spectacular at this stage.

ONCo - I like your comment about that big sell. Just shows you cannot read anything into transactions despite what the scaremongers might say.

Should be an upbeat AGM!

"Brewing" ?? Now you're talking. Is Nick looking at producing beer as a sideline?

For any serious investor, the Crux interview is a must. Goes on for nearly 40 minutes but lots of nice little comments from Nick to grab from it. The name Friedland was mentioned 29.30 in

If as you say the drillers are selling, then they're selling at a loss. Where's the sense in that when the idea from their point of view was to take a stake in the company and share in the future prosperity

You did oNCo - I just couldn't find any written evidence to back that up.

Oh FFS Graham. Don't make yourself look too silly. Two Hits comments are not guesses

Oh Ive had faith for years. Nothing has changed

for 'there' read 'other'

Fair enough Graham. I did say it was just something i had in the back of my mind (along with a load of there rubbish!!)

I'm making an off the cuff remark now as i can't find the info to back up my comments, but wasn't the drill 4 equity subject to some sort of lock in period? Feel free to shout me down if I'm totally wrong. Also the drillers are getting cash as well - it wasn't a 100% "equity drill"

Just listened to the excellent Crux interview. Nothing more to add. 1-2 years more patience should see us being rewarded well.

Some have alluded to the drill 4 equity - my understanding it a new contract will have to be negotiated for the next drilling season. i gather this will be ongoing as fro early next year.

Yes to all I think oNCo. Candid's post was interesting especially as Nick said he had had 2 further approaches this morning re Casa, but obviously that might come to nothing. A clean book might make the majors sit up and think a little more re Copper, especially if Sturec goes soon.

Check the new RNS Catsize

https://www.proactiveinvestors.co.uk/companies/news/906930/arc-minerals-agrees-cash-deal-to-sell-casa-mining-for-up-to-us98mln-906930.html

Worth a listen!

Plus it makes us more suitable for any future Buyout without anything from the DRC on our books.

As Fulmar has said, some cash in the bank has to be more positive than a DRC asset hanging around our necks and costing us cash. Arc can now plan next seasons drilling programme and hopefully the majors will keep en even closer eye on us.

A long way below what was expected but it's a 'non-core' asset gone. It's no longer a liability plus we have much needed cash which should negate the need for an imminent placing. If there's another drill 4 equity next season then another cash raise is pushed further back.

The end game for me has always been the sp moving on as a result of major interest in our copper assets, so CASA is a sideshow which has disappointed but it's not the main act.

I must admit I had FQM at the top of our BO list however I can see why Barrick could be in the running

More proving up to be done over the next year but your article shows just how close to us the big mines are and what's possible @fulmar29

Surely not a dump starting now. MM's very quick to drop both bid and ask. Let's have a few buys to prove me wrong.