Member Info for westie50

Genuine question as i haven been able to find the answer in my research..............

Has it been declared that Majors are 'in the data room' or so far has this subject just been idle chat? Thanks

Indeed CP.I agree with your outlook. In many ways my view is quite simplistic in that why would Orion commit £25m if they thought it was just money down the drain? HZM will come good for its investors but it's just a question of when. Something none of us can answer. Anyway i'll just sit here for now and hope the nickel price recovers and HZM should follow. The sp reaction to the PFS was disappointing in my view so the "major interest" is what i'm hanging my hat on. Have a good day

Wasarunner - Yes indeed. I guess a few of us have different agendas re our investing here. Good luck to those who will hold on for production and beyond. I'll be holding for another year and see how the land lies then. As you said by recent comments, there's a fair chance someone will come in for us next year.

Listened to this again just now and it's still very impressive. It's clear things aren't going to happen overnight here. Yes plenty going on, but it's going to take years to get into production. I'm therefore still hanging my hat on the fact we will be bought out, hopefully sometime next year. If Jeremy and Co keep going the same way, there's no reason a major shouldn't put in a decent and acceptable offer. That's what I'm hanging my hat on anyway. I appreciate there's other investors with different agendas. It's just that i'm getting old and can't wait years!!!!

SV - you're partly right but this is still a decent board with many knowledgable posters. Just filter the dross

Exactly. Plus the drill 4 equity programme has obviously been a success accounting wise for Arc, so why not keep the drillers sweet for hopefully more of the same come next April. We know this contract will have to be renegotiated

oNCo - you may well be right but I think back in October is was commented Arc had up to 40 holes to drill before the onset of the rain. The rains haven't arrived yet. Below is an excerpt from the Oct RNS which intimated a lot of drilling in various areas planned for the remainder of this season

"Whilst drilling continues at our promising Cheyeza project we are pleased to be taking next steps in progressing our exciting pipeline of prospects and will be carrying out maiden drilling programmes at both our Lumbeta and Muswema targets. Drill rigs will shortly be arriving at both sites. In addition, we will also be moving a further rig to West Lunga in the next few weeks, all of this supported by our drill for equity programme."

Taking a slightly cynical view, it would be in the interest of the driller to receive payment in shares at a low price and before assay results are announced so they in effect get better value. Of course assuming the results will be good and we see a sp increase.

"dead cat bounce"???

I've heard it all now. About time to slit my wrists i think

Interesting the cancelled trades included the two late big sells

Which is why I said 40p is a while away.

Just take a look again though at SOLG and indeed Kiwara from some 10 years ago and you will see the possibilities we have here

Nice one old chap. You might have timed things very well

Agree with previous comments. I too think 40p is a while away for now and of course any exploration AIM stock is high risk. But with more good (hopefully) drill results to come over the coming weeks/months, i would hope we would mov on somewhat.

It is entirely possible we could have 3 x the sentinel deposit and area, but early day. Cattleman is right in that we're possibly looking at another 12 months on. Although if a major came in then who knows.

Very nice to see some chunky buys all day today

I’m with you Fulmar. I do know that RNS’s are lodged the day before release but I have no idea where to find this info. Just guessing really

oNCo even!!!!

We have seen many pump and dumps before. Just another day here??

once you make a sensible post

A little weird showing nearly 8% up on very little volume. I'll never work out aim!!

Well I've been here for the day the majors show their hand. SP in the meantime is irrelevant to me. With further good drills i'm hoping we're that much nearer. That's my gamble.

Yezzerr - Going by previous sp movement you'd be right to see a decline during the wet season. However I believe the company has moved that much further on now. We have up to 40 drills to be completed before the onset of the rain, sulphides have been seen plus there's always the chance of a non core asset sale, not to mention majors. So an interesting few months which will hopefully push your investment the right way

No problem here old chap - but then there's little to recommend on here of late!!