Member Info for woodfromthetrees

$3.5m net loss reported from operations which is worse than last year when a $2.9m net loss from operations was reported.Company is going backwards

Twitteratti will be dumping this one on the opening bell

Total equity ARCM gave the CASA vendors was over £3m in todays money.Then add on all de drilling costs take this to well over £6m for the past two years.Thats£6m worth of dilution to ARC shareholders and in return for all this the company gets back a lump sum payment of £1.5m.The rest of the deal payments are fantasy purely to get the headline.If that's the sort of deal NvS went on record saying was worth $30m then what on earth is Zamsort really worth?

$1.8m and the rest of the staged payment is pie in the sky purely there to be able to try and ramp a headline.How much have ARC spent on this asset in cash and equity?£10m at least.Gold is strong at the moment too.NvS over promising& under delivering

not going anywhere any time soon

CEO stepping down can never be a good thing especially if they have to move an existing director up to fill the shoes.This ramp running out of steam?

I get 12months of plant operation for $60k of revenue.what a total joke

not.ARCM need to raise cash and soon by my calculations

Company are showing no confidence and are not being proactive in the current situation.Look at the chart it is in a clear downtrend and will continue that until the company start being proactive.100p is looking very likely now,mad to buy until the trend has clearly reversed

before any bounce here.Why try catching a falling knife? Market wants to see 100

SP has halved since its highs were James was saying (ramping) this would be worth x 20x in two years yet they are still selling significant amount down here! What does that say...!

nutters... no clearer signal than big director sells at lows that this is now struggling to follow through on its promises meaning this lows will look high soon.

Two main directors selling out

This will be back at 3.5p by close

Placing, and reality to soon hit... peak 800 but averaged 200 means current decline and flow must be nearer 100! joke

average! That means it must be flowing sub 100boped.... vs £40m cap... this becoming the new UKOG? Overvalued

And net debt is increasing, with diamond pricing looking flakey going forward.
Why are people saying this is the bottom? The bottom is 0

that's net debt too!Yikes!

There is likely a very good reason Rowe is bailing out at basically any cost here...

$580million in debt vs $70m FCF on a seriously risky future for Diamond pricing.Just do not see any buy case here whatsoever and especially not in these markets.

See this is getting a ramp on twitter but why? Over £500mln of debt, net debt increasing and Diamonds notoriously risky investment/no bullish forward forecasts.

https://www.proactiveinvestors.co.uk/companies/news/224425/petra-diamonds-will-need-an-equity-financing-soon-warns-berenberg-as-it-downgrades-224425.html

yep "strap in" for a ride down to lows as this is a dilution machine.

£7m loss for 6months on admin expenses... yet revenues are less than just ONE typical directors salaries.... this company is a total and utter scam!