Overdale: the news was posted by Seisnav yesterday on the other board, think the Handa license contains the new top ranked priority target.. the one that is close to Muswema, the one they were most excited about in the recent investor call. Maybe they will wait for the granting to be finalised, before updating us with an RNS, so good news in the pipeline. |
Very sloppy from the company not releasing an RNS. |
Thanks. I stay away from dm but again, cheers anyway;-) |
Nice tick up on that news. Btw, where did you see it ahead of any RNS announcement please? Just curious:-) |
Nice start, GLA |
Excellent news, the large scale mining license for Handa has been approved for granting, securing the ground for 25 years should reassure everybody.
The pending RNS announcements are beginning to build. |
Terryisbukowski: I see they call you TNR on the other board. Is that short for..
Talking Nonsense Repeatedly? If you were truly worried for people here, that have invested in one of the hottest copper locations in Africa, in an area surrounded by world class mines, with all the cost paid for by a major, then surely you would be expressing the same concerns on all the other junior miner boards.. but in almost 5 years you haven’t posted on any with your TNR ID, you only post here because you are paid to do so. I agree that Arc currently are 100% reliant on Anglo-American in Zambia.. a good thing in my book. |
Paul is a comic book fan, and I get the impression he reads comics whilst on his nightshift. That's hardly the recipe for the next Warren Buffett is it, so cut him some slack! |
 Taken from the WH Ireland reports.. The highly regarded Zambia copper project is now being advanced under the stewardship of Anglo, under the terms of the deal Anglo can earn up to a 70% interest by investing an aggregate $88.5 million. We believe the deal is highly favourable for Arc, and ensures the best possible chance of success, the project will be advanced by Anglo’s expert exploration team, supported by funding (on average over $10 million a year) we foresee one of three outcomes.
1/ A major discovery, with Arc owning a substantial stake.
2/ a significantly De-risked copper project too small for a major, but of significant value to a mid cap or junior.
3/ no significant discovery, the project will have been advanced.
WHI view: In our opinion the Anglo joint venture is a deal with no downside, we see fair value at 5.8p/sh, and significant upside potential- the market shows that a significant discovery can result in value up-lifts of 10/15 times. share price on the day of report was 3.6p.
First Zambian joint venture update was encouraging.
First assay results are expected soon. |
Looking at the GGP chart from around 2011 till 2016 it looks and probably felt a bit of a disaster, not that keen on charts myself because at that lowest point, no chart would have predicted the gains ahead, the future shape of the chart, or the size of the gains. meanwhile back here, a while back WHI suggested fair value
(pre-any joint venture discovery) of 5.8p
So was 8P plus high too expensive? Or is just over a penny too cheap? And what are the chances of a discovery? |
At GGP, you forgot to mention the investors that brought in at 0.10 or less.. how many bags would that be? : ARCM 100/1. Where is that number written down? |
Not with the amount of work already carried out on these licenses, both by the Roan Selection Trust and Anglo historically, and Arc. Read FB’s posts on the other thread. |
Forget two tier one discoveries as folk rarely win the lottery twice, but what are the chances of finding even one? As many arcm comments almost have it at a 100% certainty imho, when surely imho the harsh reality based on statistics show its probably something like a 5% chance at best? ROFLMFAO!All imho!!! |
Terry, as you asked about GGP it is a classic example of the Lassonde curve:
Investors who bought at sub 2p in January 2019 and held until January 2020 when the share price reached 36p reaped a 17 bagger during the speculation and discovery phase, and of course it has now retreated back to around 6.3p during the orphan period.Like Arc it took some time to get going following its deal with a major which was announced on 12/03/2019. Like Arc that gave the major the opportunity to acquire up to 70% interest in the JV by spending up to $65 million on exploration compared to aggregate expenditure of up $88.5 million by Anglo (including cash consideration of up to $14.5 million).
ARCM is now in the early stages of the speculation phase with drilling results now imminent and plenty more to follow over the next two years, so only a complete imbecile would short this imo and I will certainly be invested here until one or more major discoveries are made. |
Even the Skipper is calling out Paul for his outrageous accusations regarding organised deramping gangs LoL. This comic book reading nightshift working and I'm assuming minium wage earning idiot really is a piece of work. |
The curve retreats during the studies and engineering phase you melt. Don't lecture folk on the Lassode curve when you haven't got a clue yourself ROFLMFAO |
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