Member Info for WhileyD

It would be good to get an idea from someone with previous experience of this, but i could foresee a situation where we increment gradually back up to something like previous share price levels and then hear that ARC are in discussions with AA to acquire 100% of the licenses. And then....woosh

Then i think from previously looking is it First Quantum that bought theirs for £240M (?!) happy to be corrected. Just to give any new investors an idea of whats possible in this geo. Albeit that was a long time ago, so potentially north of that looking at forecast copper demand.

Its been an incredibly bumpy ride over the last 5 years but i think its undeniable that the current risk/reward at these levels is about the best its ever been.

First proper drill results hitting oxides and sulphides

LML granted for 25 years

Legals all sorted

Further drill results imminent

Ready to go with post rainy drill program

Cashed up till at least 2026

Ever see those share prices go from 15 - 20p and think wow that 30% increase is 5 x for anyone in at a penny.

If you're an investor in mining exploration companies then what exactly are you waiting for?

Thanks Terry that’s really useful info

Don’t know if you can help explain what this will mean but any help much appreciated.

Does this mean we get 55p (52 + 3) and then more when wound up completely? Does that mean the share price will drop by 52p when we’re paid the redeemable bonus share? Just trying to understand the mechanics of this

Interesting development here. Am in API also and they’ve seen good SP appreciation since they initiated their managed wind down.

The problem I've got is that I'd rather they bought more licenses off the back of success on their current licenses, not just going tobtge market every time..

SP wise theyve made an absolute mess of the AA situation so far. Any decent board would be well ahead of the Swedish situation and managed that much better, thats been a sh*t show and totally their fault.

I dont want to seen another asset bought off the back of another placing until we're seeing success from one of our existing licenses.

Https://www.voxmarkets.co.uk/rns/announcement/4f4c250a-ec98-4d19-ac9b-a69f0c1c7077/

Respectfully, not sure we want the type of investors (let's call them traders) that would rely on 7am RNS visibility to make their decisions. Anyone buying in off back of 7am rns probably selling by lunchtime and banking their 8%.

Would prefer someone thats seeing the whole picture here.

Frankly anyone selling for lower than double digits here needs to give their head a wobble.

They did say they bought the 500 participant zoom license but clearly something went teets up. Happens to the best of us.

Copper though.....

Oh my! Hahahaha

Well done all holders. Hard luck trolls. Keep posting its very amusing.

Obviously concerned so emailed Nick instead of Peggy/Noresco/Travel/Ella etc . Got a reply just a moment ago.

Paraphrased ....Slow but steady progress. Everyone wants it completed (Anglo, GRZ and Arc...obvs). Regulators taking time.

No raise being planned.

Feel better now.

I exchanged emails with Nick a few days ago. Getting quote frustrated with the delays here.

I asked for more explicit reasons for the delay...

"it’s a complex transaction involving moving our licenses from exploration to mining licenses and then restructuring the ownership of these licenses ahead of Anglo coming in as the controlling shareholder"

And on Botswana...

"Botswana we’re not processing / analysing assays until we have got this deal over the line - significant management time to analyse which we simply don’t have at the moment. "

I can understand the first update but don't like the 2nd one. Surely labs do analysis of assays not management. Sounds like I poor excuse to me.

Still holding but getting ever more frustrated here.

JV announced followed by investor call. Its tough being right all the time. ?? (I'm not but allow me this one time)

...RNS Friday, followed by or including an investors call with an update on forward strategy from the company including AA drill plans and any new ventures outside of Zambia.
Just my opinion.

They are very obviously working to a set date. Not saying it can't be missed again, sheet happens, but I'd say its very unlikely this time around.
13 day extension. Oddly specific wouldn't you say?

But Ella, you were so sure it was an error? Don't tell us....you....might....have....been....wrong? (Shocked face)

Its clear that the Zam government are seeing Indaba as the ideal opportunity to put themselves in the shop window for international investment.
AA will be the showcase deal.
There will be pressure on cadastra to sort out the paperwork. I dont think there will be any delay.

You know what I find hard to believe Ella, is how this is going to 1.6p. Maybe you can fill us in as the person clearly in the know about all things Arc.

Have a look at Seis's twitter. Very interesting what he's found!

If it is theyve done it twice as there's two.