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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Arc Minerals Limited | ARCM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 1.675 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.675 | 1.675 | 1.675 | 1.675 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 26/3/2024 07:17 by apotheki Share Buyback and associated Cancellation of Ordinary SharesTotal Voting Rights Arc Minerals Limited (AIM:ARCM) is pleased to announce, further to its announcements on 11 March 2024 and 12 March 2024 ("Placing Announcements"), that it has executed an off-market share buyback agreement pursuant to which it has acquired 22,539,746 ordinary shares of no par value each (the "Buyback Shares") from Sveriges Lärare (formerly Lärarnas Riksförbund) for a total consideration of £405,715.43 (the "Share Buyback"). Each Buyback Share was acquired for 1.8 pence per Buyback Share (being the same price paid by investors in the Company's recent placing as set out in the Placing Announcements). The Buyback Shares represent 1.53% of the total issued share capital of the Company. As explained in the Placing Announcements, the Directors believe that the ability to buy back a specific targeted shareholding in this manner should be beneficial to shareholders as a whole since by executing such a transaction, the Company is able to ensure that the Buyback Shares are disposed of in an orderly manner so as to avoid a considerable volume of shares being sold in the market far in excess of normal daily volumes of trades. Proposed Cancellation of Ordinary Shares The Buyback Shares are being acquired in CREST through a purchase of depositary interests by the Company's broker and the Company has instructed its registrars to ensure those depositary interests are withdrawn from CREST and the Buyback Shares are cancelled. Application has also been made to cancel the Buyback Shares from trading on AIM. Cancellation of the Buyback Shares is anticipated to take effect on or around 4 April 2024. |
Posted at 18/2/2024 18:03 by not guilty What incoherent babble was that? I'm a private investor and a damn site better one than you. I don't think you will ever recoup your losses. Again - learn from your superiors. ARCM are about to motor. Get on board or whine forever |
Posted at 17/2/2024 17:01 by fulmar29 Try (minimum research) listening to an investor call Boggie before you open up that thick stupid thing you call a mouth and make a total fool of yourself again |
Posted at 25/1/2024 09:29 by texaschaser Weed-killer man turning off potential investors. |
Posted at 19/1/2024 10:30 by apotheki Investor Presentation Thursday 25 January 2024Arc Minerals is pleased to announce that it will be hosting an online Investor Presentation at 12pm GMT Thursday 25 January 2024. Participants are invited to register for the online presentation by clicking on the picture below. Please note that registration is a pre-requisite to access the presentation: The call will be hosted by Arc's Executive Chairman Nick von Schirnding with Chief Operating Officer Vasillios Carellas who will deliver a presentation on the Company's upcoming exploration campaign at its exciting Virgo licence in Botswana as well as updating upon current exploration efforts in Zambia. Nick von Schirnding, Executive Chairman of Arc Minerals, commented: "Following the completion of Arc's joint venture agreement in Zambia with Anglo American late last year, and the commencement of the Phase 1 US$24 million joint venture drilling campaign led by Anglo American, we look forward to what might be the most exciting year in Arc's history. "I am also pleased to say that running in parallel to this will be Arc's exploration campaign in Botswana on our Virgo licence in a region which is fast becoming another copper exploration hotspot in Africa; and where we have recently seen significant discoveries and corporate activity on licences near to and indeed, adjacent to our Virgo licence. The Company is pleased to be able to present an overview of planned activity in Botswana in this presentation next week as well as update upon progress in Zambia." |
Posted at 21/11/2023 13:01 by the skipper Note out from Turner Pope this morning about AIM listed stocks. Here’s the summary:AIM – Is this the Bottom? - Index set for a Strong Rebound in Q1 2024 • London’s Alternative Investment Market (‘AIM’) now appears quite dramatically oversold, following a decline of more than 40% relative to the FTSE All Share over just the past 2 years. • Long-term chart provides exceptional support, producing multiple bounces from the index’s current level over the past 13-years. • Coincident crossover of stochastic indicators reinforces expectation of an imminent and significant reversal from a heavily oversold position. • AIM has displayed surprisingly high sensitivity to UK Base Rates – which is good news, given they now appear to have peaked with cuts anticipated by next summer. • Improved access to capital could revive AIM’s IPO market, while the recent spike in M&A activity suggests consolidators have already started picking off high quality, lowly valued/well positioned enterprises. This may accelerate further during 2024. • Impact of suggested abolition of Inheritance Tax (however unlikely) looks overblown. • Risk-takers might seize opportunity now in order to avoid anticipated rush back into the index early in the New Year. Based on past recoveries, an upward correction that returns the index to around the 900 level during the first half of 2024 appears to be a realistic target. (Risk warning: Financial forecasts and any statements made regarding future performance expectations are not reliable indicators of future results and should not be relied upon to make investment decisions) A Couple of charts tell it all – AIM looks set to rebound sharply As can be seen below, the 13-year FTSE AIM All Share chart (below) displays no less than 10 bounces from the current index level of around 700 (±2.5%), half of which went on to deliver a substantial gain over following months (average 41%) before reversing decisively once again. The Index appears set to repeat this pattern once again in the coming weeks. 13-year FTSE AIM All Share Index Plotting the same FTSE AIM All Share chart against the FTSE All Share (below) highlights surprising resilience of UK larger caps over the past two years, during which time UK Base Rates spiked from next to nothing to their current peak of 5.25%. As can be seen, the performance gap between the two indices (with AIM chalking up a relative decline of c.57% over the period) has never been wider in its history. Being a useful technical tool for identifying significantly oversold (<25%)/overbought (>75%) situations, AIM’s stochastics have also been plotted underneath in order to assess price momentum and predict trend reversal. As can be seen, a crossover of the fast stochastic (%K) line above the slow stochastic (%D) line in an oversold region (and vice-versa in an overbought region) has, on a number of past occasions anticipated an important turning point. Having already seen the two lines kiss back on 30 April, they now appear set to cross on the 20% level within the coming days. Investors have historically played down the influence of macroeconomics on the AIM index. Yet although the above chart demonstrated the surprising resilience of blue chips during the extended phase of base rate hikes that commenced in December 2021 as the Bank of England attempted to control rampant inflation, AIM’s contrasting collapse over the same period is quite stark. Perhaps we should not be too surprised, given that AIM comprises mostly cash hungry, young and innovative businesses that require regular access to new financing. The fact that interest rates now appear to have peaked (both here and in the US), along with a wide expectation that a series of consecutive cuts will kick off from early summer 2024 in an effort to ward off recession, however, suggests both value investors and consolidators will now be prepared to take advantage of the index’s exceptional decline. In terms of forward multiples, the index most certainly looks cheap. AIM 100’s 12-month price/earnings (‘P/E’) ratio, for example, has now fallen below its long-term average of just over 20 times, a level it last reached at the start of the Pandemic (December 2019), but well below the almost 28 times it achieved late summer 2022. The only other time it plunged to such depths over the past decade, was when the resource-heavy index was hit by a collapse in commodity prices early in 2015. At the smaller end of the market, where many early-stage businesses remain loss-making with weak balance sheets, forward multiples such as EV/sales have been hit even harder, in some cases more than halving from the levels seen less than 18 months ago. Corporate activity now also looks set to rebound The dire level of corporate activity seen during 2023 also looks set to rebound. To date, there have been just 11 new issues (IPOs) on the junior market this year, which is the lowest number for 24 years, down 27% on last year, and an exceptional 80% below on the same period in 2021. A total of just £50m was raised in the process, some 95% below the figure of two years ago. The extent of the bottleneck created over this period suggests that such activity levels are poised to rise significantly in coming months simply in response to a modest recovery in confidence, in tandem with a flurry of attractively priced, much deferred secondary offerings which, year to date have raised only around £1.1 billion (or about a quarter of what was achieved in 2021) despite an obvious and widespread need to bolster balance sheets. Takeover activity which, in the past has also provided something of an underpin for AIM valuations, was almost non-existent during the first nine months of the year, but interestingly has picked up quite significantly in the past six weeks with a number of generous takeovers proposals, including Recommended Cash Offers and hostile approaches being confirmed. These include Tribal Group (AIM: TRB, recommended on 5 October at a 70% premium to its previous closing), OnTheMarket (AIM: OTMP, 19 October at a 71% premium), FireAngel Safety Technology Group (AIM: FA., 26 October at a 252% premium) and Hotel Chocolat (AIM: HOTC, 16 November at a 170% premium). Low valuations along with an expectation that the cost of funding will reduce quite significantly in coming months suggests such predatory activity will remain an ongoing feature for AIM, with improved access to capital generally bolstering sentiment and trading liquidity for ‘risk-on’ |
Posted at 09/11/2023 13:07 by not guilty You do talk some diarrhoea - utter shambles! What a cretin. When a major is conducting a $75mil exploration campaign and gives a micro cap a free carry on it with 30 percent of the spoils, that is an unprecedented deal. An utter shambles would be something like Asiamet selling 25 percent of their jorc'd asset for $5mil thus valuing the rest of it at $15mil! Hahahaha. Texas Instruments do calculators for kids/chump investors and should be your next investment. X |
Posted at 02/11/2023 12:51 by not guilty And the market is getting ready to take this up. And when I do sell some shares I don't think they'll be going to private investors. So don't worry pickle, we're all safe - you can go now. Bye |
Posted at 01/11/2023 18:45 by apotheki Arc Minerals* (ARCM LN) 3.55p, Mkt Cap £44m – Anglo American joint venture steps aheadBUY Arc Minerals reports the completion of the share subscription with Anglo American with respect to its jv agreement in Zambia. Substantive regulatory conditions precedent have been satisfied allowing a subsidiary of Anglo American to acquire 70% of Unico Minerals [Arc now holds 30% of the license portfolio through Unico Minerals] The joint venture has already started drilling on one of the key jv licences under the direction of Anglo American following the end of the local wet season. President Hakainde Hichilema and the Zambian government have prioritised foreign and local investment into the mining sector supporting the jv and welcoming Anglo American back into Zambia after a 20-year hiatus. The Minister of Mines and Minerals Development, Hon. Paul Kabuswe is supporting Anglo American's commitment to a significant exploration program in the Northwest province with the hope of future discoveries in the region. “Certain minor procedural conditions are in the process of being satisfied after which the JVA will become unconditional in accordance with the commercial terms previously announced on 12 May 2022 and 20 April 2023. These remaining conditions are expected to be satisfied within the next 2 weeks.” Anglo American has the right to retain an Ownership Interest of 51%, by: Funding $24m of exploration expenditures by the end of Phase 1 which is within three years and 180 days of signing Making cash payments to Unico totalling up to USD 14,500,000, as follows: US$ 3,500,000 upon signing of the Joint Venture Agreement and satisfying the conditions precedent; US$ 1,000,000 on the first anniversary of the Effective Date; US$ 1,000,000 on the second anniversary of the Effective Date; US$ 1,000,000 on the third anniversary of the Effective Date; and US$ 8,000,000 by the Phase I End Date. Following the completion of Phase I, Anglo American will have the right to retain an additional ownership interest equal to 9% to get to 60% by funding US$ 20m of additional exploration expenditures within 2 years of the Phase I end date. Anglo American can also earn an additional 10% to get to 70% of another US$ 30m within 2 years of the Phase II End Date. Arc’s authorised share capital is: 1,225,744,782 shares. Cash: The Anglo jv brings $14.5m into the jv with Arc Minerals receiving US$9.715m. Arc held £60,000 in cash and cash equivalents at end June. Arc is carrying £106,000 worth of shareholder loans at end September. Copper mines in near geological proximity to Arc’s licenses: Arc’s licenses are within 40km of First Quantum Minerals’ Sentinel mining complex. First Quantum Minerals acquired the Sentinel (Kalumbila) project from Kiwara in 2010 for US$260m. Kiwara had an estimated resource at Kalumbila of 1.38bt grading 0.78% copper. The resources was later adjusted by FQM to 1.027bt grading 0.51% copper. Last year the mine reported an new resource of 0.88bnt grading 0.53% copper following production of 223,656t of copper in 2018. Kanshanshi: 200km to the east hosting 1.4bnt grading 0.64% copper resource, developed by First Quantum Minerals. Kamoa-Kakula: part of the reason for so much interest in the West of Zambia is the relatively recent Kamoa-Kakula copper/cobalt discovery to the north and across the border in the DRC. Kamoa-Kakula is the world's largest, undeveloped, high-grade copper discovery and was discovered by Ivanhoe Mines geologists. The project is now a jv between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%) and the DRC (20%). Barrick Gold bought Equinox, for its Lumwana assets in 2011 for $7.8bn post construction with 322mt of copper ore grading 0.73% copper. Lumwana is 100km to the east and had reserves of around 678mt grading 0.49% copper and is producing >116,000tpa of copper. Barrck announced a $2bn expansion for Lumwana on 4 October to expand the mine to 240,000tpa of copper by 2028. Conclusion: Zambia is the most prospective and welcoming of major copper producing nations though the land does not always reveal its riches so easily. Anglo recognise the need for a broad scale and comprehensive exploration program to track down the occurrence and concentration of copper in the Northwest province. News that Anglo’s drillers are already working gets the jv off to a flying start after an exhaustive due diligence process which kicked off in July 2020. Arc management have negotiated a highly beneficial deal for their investors giving Arc 30% of the jv and enabling substantial upside potential on the value of any future discovery. *SP Angel acts as Nomad and broker to Arc Minerals. An share price Angel analyst has driven across the Zambian copper belt, flying the British flag, to visit Arc’s licenses West of Solwezi. |
Posted at 04/10/2023 09:39 by fatboy1nc Continuation from post 8391:Edward Sefuke (ES) is apparently owed money by MM which dates back to 2014. [4] "The appellants filed a summons for an order of interim injunction whose affidavit in support disclosed that sometime in 2014, the parties verbally negotiated and agreed that the first respondent was going to render its professional mining consultancy and advisory services to the first appellant with respect to the first appellant's mineral tenement subject of a small mining licence number 8248 - HQ SML, commonly known as Kalaba Mine in the North-Western Province of the Republic of Zambia. It was alleged that the parties generally and specifically agreed that the respondents, using their professional expertise and connections, were going to: (i) identify and secure investors for the first appellant's Kalaba Mine project; and (ii) facilitate, arrange and ensure the upgrading of the first appellant's mining licence from a small scale to a large scale one. The parties further agreed that in consideration of the same, the respondents were going to earn twenty per centum (20%) of the first appellant's issued shares." As stated on point [4]. Zamsort only had the 8 Sq km Kalaba Mine (8248) during this period. Its not until point [10] that 19906 is mentioned in the below context: [10] "In response, the respondents averred in their affidavit in opposition that they never signed the draft agreement because they never agreed to it. That during a meeting held on 9th October 2014, it was agreed that the respondents had a 20% interest in the small mining licence number 8248-HQ-SML and prospecting licence number 19906 HQ-LPL (together called the "target assets"). This interest arose as a result of the respondents having injected the sum of $70,000.00 of which $54,000.00 was the consideration for the acquisition of the 20% interest and the balance was to be added to the then outstanding debt of K100,000.00 which consisted of all the appellants' borrowings from the respondents before 14th June 2014. A video recording of the meeting and transcript was exhibited by the respondents. It was alleged that it was orally agreed by the parties at that meeting that the 20% interest in the target assets would not be transferred without obtaining the respondents' consent. In this regard, the respondents' consent was not to be sought as directors or shareholders but in recognition of the respondents' 20% interest in the target assets." Fast forward to 2023 and 19906 is now classed as Handa (keep this in mind!) Just to recap: - Point [4]. Is not in dispute between MM and ES. - The contention comes during point [10]. Licence number 8248-HQ-SML and the prospecting licence number 19906 HQ-LPL (together called the "target assets") ------ Laymans terms: - MM, arguing the agreement was based on a "20%" finder's fee* and solely based on his (MMs) original Zamsort shareholdings on 8248. - ES, arguing the agreement was "sum +20%" for both 8248 & 19906. Cash terms "to be added to the then outstanding debt of K100,000.00". *Finder's fee. ES did find that new investor - it was Ortac! ----- Arguments are presented from both parties all the way to point [18] . Points [19] to [27]. Are all related to the consideration of the matter by the High Court. ORTAC is mentioned during points 6, 8, 9, 20, 22, 24, 25, 26, 64, 65, 85, 86 and 108. On all points "Ortac" is seen as a 3rd party entity during the case. Ex dates ran beyond 180 days (March to September of 2015). Hopefully everyone will have a better understanding of "who is Edward Sefuke!" As implied during Dropbox 2 (DB2) over on LSE (posts now removed): Edward Sefuke Puts Zamsort into Provisional Liquidation = True When the court grants that Order then Edward's Provisional Liquidator will receive all the proceeds from the Anglo transaction = False and libellous! What is disturbing is NVS and Mushy's lawyers both neglected to attend court last year when the matter came up. The question is why was ARCM so negligent? = The case has nothing to do with Arc. The mention of Liquidation originated from Smith, however the DB link was supplied by another poster "Zack" to substantiate the claim! Within the DB link contained 2 items: 1) Post link 8391… this doc was also used by MM&Co during DB1. 2) Twitter link courtesy of Rousey. ORTAC/ARCM is not titled on page, which shows the dispute is clearly between MM* (Zamsort) and ES (consolidated adv. services Ltd.) *Kalaba is part of Zamsort’s assets and now under insolvency act 9 of 2017: hxxps://osall.org.za From the link above… think its like Chapter 11 and not classed as Chapter 7 - distressed fire sales of assets! As quoted: "IT IS HEREBY ORDERED that TRESPHORED M. KABANGA, BE and IS hereby appointed to act as Provisional Liquidator in respect of all the assets, properties and business of the Respondent in the Winding Up proceedings of the Respondent herein with all the powers of the provisional liquidator as enshrined in the Corporate Insolvency Act No. 9 of 2017." ES is now going after the original shareholdings at the time, (point [4]). This new case has nothing to do with Arc! In conclusion: The Zamsort liquidation is as a result of a historical claim with the owner of Zamsort MM) and has no relevance to Arc minerals and it's partners or associates. Ownership of the licences has been formally accepted by the High Court through the consent agreements as per 16th March 2022 RNS. MM reacting predictably to having his company dissolved and losing an asset he fought so hard to get! FB. |
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