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ARCM Arc Minerals Limited

1.70
0.13 (8.28%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Arc Minerals Limited LSE:ARCM London Ordinary Share VGG045791016 ORDS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.13 8.28% 1.70 14,209,120 15:49:20
Bid Price Offer Price High Price Low Price Open Price
1.65 1.75 1.70 1.625 1.675
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec -7.34M -0.0060 -2.83 20.95M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:30 O 1,000,000 1.667 GBX

Arc Minerals (ARCM) Latest News

Arc Minerals (ARCM) Discussions and Chat

Arc Minerals Forums and Chat

Date Time Title Posts
26/4/202409:04ARCM mining8,903
17/3/202410:39Mr 250k - Market manipulation of ARCM138
30/1/202406:44ARC Minerals - With Charts116
09/4/202107:56On the Telly2
16/3/202100:40ARCM SP9

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Arc Minerals (ARCM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-26 15:28:321.671,000,00016,670.00O
2024-04-26 15:27:231.7257,773996.01O
2024-04-26 15:22:201.7257,714994.99O
2024-04-26 15:13:551.72200,0003,440.00O
2024-04-26 15:00:261.722,25038.79O

Arc Minerals (ARCM) Top Chat Posts

Top Posts
Posted at 26/4/2024 09:20 by Arc Minerals Daily Update
Arc Minerals Limited is listed in the Investors, Nec sector of the London Stock Exchange with ticker ARCM. The last closing price for Arc Minerals was 1.57p.
Arc Minerals currently has 1,232,318,465 shares in issue. The market capitalisation of Arc Minerals is £20,949,414.
Arc Minerals has a price to earnings ratio (PE ratio) of -2.83.
This morning ARCM shares opened at 1.68p
Posted at 25/4/2024 11:25 by apotheki
Anglo American (AAL LN) 2,481.5p, Mkt Cap £29.5bn – £31.1bn (~US$39bn) conditional, all-share offer, from BHP

BHP (BHP LN) 2,296p, £120bn

Anglo American confirms that it has been approached by BHP concerning a possible combination of the two companies through an all share offer by BHP to acquire Anglo American.

The proposal from BHP envisages demergers of Anglo American’s “entire shareholdings in Anglo American Platinum Limited and Kumba Iron Ore Limited to Anglo American shareholders” prior to its offer for the rest of Anglo American.

Describing the proposal as “unsolicited, non-binding and highly conditional” Anglo American says that it is considering the proposal with its advisors and recommends its shareholders to “take no action” at this stage.

In a separate announcement, BHP confirms its proposal to offer 0.7097 of its shares for every share in Anglo American representing a “total value of approximately £25.08 per Anglo American ordinary share including £4.86 in Anglo Platinum shares and £3.40 in Kumba shares, valuing Anglo American's share capital at £31.1 billion”.

BHP’s statement expresses the view that combining with Anglo American “would bring together the strengths of BHP and Anglo American in an optimal structure … [with] … a leading portfolio of large, low-cost, long-life Tier 1 assets focused on iron ore and metallurgical coal and future facing commodities, including potash and copper … [while delivering] … meaningful synergies, including from sharing best practice, creating procurement, operational and marketing synergies and eliminating duplication, which would enhance profitability and value for Anglo American shareholders”.

BHP says that “Anglo American's other high quality operations including its diamond business would be subject to a strategic review post completion”.

BHP also warns that their announcement today “does not amount to a firm intention to make an offer and there can be no certainty that an offer will be made. There is no certainty that any form of agreement or transaction will be reached or concluded”.

In our opinion, the initial approach by BHP could be the start of a protracted process which may possibly draw in other suitors for Anglo American and which could see Anglo American either lose its independence or reinvigorate it as a stand-alone force in the industry.

Although they may reach an amicable agreement quickly, if BHP and Anglo American are drawn into lengthy hostilities management resources in both the target and predator, and possibly among other potential offerors, could come under pressure to the detriment of the operational needs of the respective businesses.

Although consolidation of two major forces in the mining industry has scope to generate cost savings through the generation of synergies, it also consolidates control of key commodities which may attract the scrutiny of regulators and spark concerns on competition grounds.

We also comment that consolidation of industry control may not necessarily increase either the overall output of key commodities or encourage exploration to replenish depleting mineral resource inventories.

Readers with a long memory or an historical interest will hear echoes of the late 1980’s when the Anglo American’s subsidiary, Minorco, launched an ultimately unsuccessful hostile year-long battle – said to have been the largest hostile offer ever launched on the LSE up to that time, for Consolidated Gold Fields which ultimately saw the world’s second largest gold producer acquired and dismembered by Hanson plc.

Conclusion: Initial approaches by BHP to acquire Anglo American may be the start of a long process which may draw others into the fray. A speedy resolution is desirable for operational reasons but may not be achievable if regulators and competition authorities are drawn into the process.
Posted at 27/3/2024 14:11 by papillon
I've no doubt, goforgold1, that the vast majority of companies listing on AIM & the Standard List are wing & a prayer fantasies and I'm under no illusions about ARCM being any different. However Anglo American have farmed into 70% of the ARCM licence and have committed to pay for stage 1 exploration work. If that exploration work yields good results (and there's no guarantee that it will) then Anglo American will fund stage 2 exploration.
I've gambled that the exploration work will be successful, but if it's not then it's not the end of the world for me. I will just move on!
Posted at 27/3/2024 12:47 by papillon
Why would Anglo American get involved with ARCM if it's a scam, goforgold1? I'd be interested to hear your explanation.
I recently spent a tiny amount of money buying ARCM ahares @ around the current price as a punt. ARCM has undoubtedly been an awful investment for long term holders. Look at the share price performance since it listed for confirmation of that!
Posted at 26/3/2024 07:17 by apotheki
Share Buyback and associated Cancellation of Ordinary Shares

Total 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 14/3/2024 13:16 by bsg
Not one I agree with. To me they saw a depressed share price and raised to line their own pockets with cheap shares.
Posted at 14/3/2024 08:25 by papillon
ARCM is worth a punt at the current price. It has potential and it's currently oversold (14 day RSI). Also the copper price has edged back up over $4 per lb again.
Posted at 11/3/2024 17:02 by beatme1
Arc Mineral Limited (AIM:ARC) announces its intention to raise approximately £3.5m (before expenses) through the issue of new ordinary shares of no par value in the capital of the Company (the "Ordinary Shares") at 1.8p per Ordinary Share (the "Issue Price") and the issue of certain Warrants, to subscribers of the new Ordinary Shares in the ratio of one Warrant for each Ordinary Share subscribed for (the "Fundraise"). The net proceeds of the Fundraise will be used to fund Arc's current exploration activities, its potential acquisition strategy, a potential off-market buyback and for general working capital purposes.The Placing Price represents a discount of approximately 5.3 per cent. to the Closing Price on AIM of 1.9 pence per Ordinary Share on 8 March 2024, being the latest practicable business day prior to the publication of this Announcement.
Posted at 10/1/2024 16:32 by texaschaser
Ramper venom across the boards is helping the Arcm share price. Well done Fulmar.
Posted at 08/11/2023 08:30 by apotheki
Reckon short term share price target is potentially 5.5p and then in fairly quick order depending on the usual suspects such as drilling results coming up trumps - then potentially the share price target is raised to 10p+

Over the next one to two years if everything comes together then much higher share prices are possible of course at say potentially 20p to 30p perhaps?
Posted at 15/3/2023 21:14 by papillon
Not surprised at today's fall in the ARCM share price After all the Copper price is very weak today
The weak Copper price plus the very weak oil price suggests to me that investors believe we are heading for a nasty recession.
Arc Minerals share price data is direct from the London Stock Exchange

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