Arc Minerals Share Discussion Threads

[the deacon] 03/12/2018 12:51

That's what happens when you dish out a load of warrants. Still, a good buy at these levels

[1savvyinvestor] 03/12/2018 12:39

From BBC ;

The FTSE 100 is enjoying a large bounce, currently up 2% at 7,116.64, with almost every share in positive territory.

Miners are performing particularly well, with Anglo American, Antofagasta and Glencore all up around 6%.

And we are down!!!

[parsons4] 30/11/2018 16:56

Good bounce off of 2.7 this week

[browngirl] 30/11/2018 16:50

maybe something brewing

[cpap man] 30/11/2018 13:05

Yes and there are now tons of buys going through at ARCM which we have not really seen for a while!

[browngirl] 30/11/2018 13:01

those are buys aren't they

[1savvyinvestor] 30/11/2018 12:18

Seller doesn't seem done yet. Hefty sells coming in but we are still blue. Could turn red this afternoon. Have a good weekend one and all!!

[the deacon] 30/11/2018 09:08

Looking good here. Still a long way to go to fair value. Near term production, with copper and cobalt forecasted to perform very strongly through 2019 and beyond.

[the deacon] 28/11/2018 18:31

Copper +3% atm

[1savvyinvestor] 28/11/2018 13:05

Yup. I know j de t. A really good man and extensive understanding of Congo

[cpap man] 28/11/2018 12:57

J de T is still @ ARCM as is CF

[1savvyinvestor] 28/11/2018 12:39

Michael Foster stepping down. He is one of the CASA board who was brought in. I imagine he and original Casa directors will still be overseeing sale of Casa to the Chinese . Incidentally, although Congo is a basket case it looks like Kabila's stooge will win the election which is probably good for stability of mining projects.

[1savvyinvestor] 28/11/2018 12:15

I've been topping up recently too. Holding back for a final top for a down day!! It may not come though!!

[the deacon] 28/11/2018 11:21

Added more at 2.8p. Nearish term production, and it won't be long before metals turn. The supply constraints going forward can't be ignored

[cpap man] 28/11/2018 10:36

Arc Minerals* (ARCM LN) 2.8p, Mkt Cap £17.4m – Higher grade copper mineralisation to north of Kalaba open pit

ARC Minerals owns Casa Gold 99.4% of Casa Minerals and holds an effective 73% stake in Casa Mining’s Akayanga project

(ARC Minerals currently owns 66% of Zamsort which holds 100% of the Kalaba copper/cobalt mine and associated mineral licenses)

STRONG BUY

Arc Minerals reports results from a further six drill holes at the Kalaba copper, cobalt project in the West of Zambia.

Drill assays show good grades to the north of the Kalaba open pit in sulphide mineralisation.

Also, “Further high-grade Cobalt and Copper oxide mineralisation for the Commercial Scale Demonstration Plant ('CSD Plant') intersected at surface.”

Intersections include:

7.12m at 0.87% Cu and 0.10% Co
8m at 1.25% Cu and 0.19% Co
115m at 0.67% Cu Eq. – disseminated mineralisation from surface

The long 115m intersection of disseminated mineralisation from surface is interesting from a mining perspective.

The whole hole offers potential for a larger scale mining operation though it might make sense to mine the first ~50m for the higher grade section with lower second half of the hole appearing to carry lower grade.

The highest grades are from surface to 12m which is good from an economic perspective indicating near zero waste to ore ratio

The latest assays add to other recent results which include:

23m at 1.16% Cu Eq. from 2m
including from 13m; 10m at 0.81% Cu and 0.15% Co for 2.00% Cu Eq.
including from 17m; 4m @ 1.17% Cu and 0.22% Co for 2.90 Cu Eq.
16m at 1.28% Cu Eq. from 9m
including from 13m; 9m at 0.83% Cu and 0.11% Co for 1.74% Cu Eq.
15m at 1.29% Cu Eq. from 10m
Including from 14m; 6m at 0.51% Cu and 0.20% Co for 2.11% Cu Eq.

The Arc (Zamsort) technical team have completed the front end of the Commercial Scale Demonstration plant ‘CSD’ with the instillation of two crushers, screens, ball mill and conveyors with 10,000t per month capacity.

‘The back end to of the plant is expected to be completed shortly with the commencement of commercial production thereafter.’

‘The Company is currently conducting a series of metallurgical test works using two processes, final results from this testwork are expected shortly.’

Conclusion: Drilling has produced further good results at Kalaba. The results should add significant value to this developing copper, cobalt project

*SP Angel acts as nomad and broker to Arc Minerals.

‘The copper equivalent values are estimated using current metal prices of $6200/t copper and $55,000/t cobalt and are presented for ease of interval comparison only. Metallurgical factors are assumed to be 100% although the recovery factors for the respective metals may vary significantly.’;

[maverick247] 28/11/2018 10:06

Remember neighbouring mine sentinel only averages 0.5% it's about scale - that's why the 5 majors are in the data room !

[cpap man] 28/11/2018 09:40

Nick von Schirnding, Executive Chairman of Arc Minerals commented:

"These results are once again very encouraging, in particular, the increasing grade of copper mineralisation that is being intersected in what is the sulphide zone to the north of the oxide pit, with the average grade of the mineralisation from one of the holes approaching 1% Cu and 0.1% Co.

Based on these latest set of results from the sulphide zone (KDD019 and KDD020) to the north of the pit, there appears to be increasing width and grade to the copper mineralisation in a north-westerly trend.

I'm pleased to report that the front end of the plant has been completed and with the back end of the plant expected to be completed over the next several weeks. The recent drilling has now confirmed sufficient oxide feed for the plant together with the existing stockpiled material. I am particularly pleased that the Capex for completing the plant has come in under budget at US$300,000.

We look forward to providing further updates in due course."

[walter walcarpets] 28/11/2018 09:38

Soon to be a producer. OK, some of those intercepts are not exactly mind blowing but the cobalt makes up for them. Good, solid update.

[1savvyinvestor] 23/11/2018 11:37

Thanks beadle and well done

[cbeadle] 23/11/2018 11:21

1savvyinvestor! I commented to provoke discussion and I have just added to my position, thank you for your reply. I think they have made good progress this year and a negative sentiment towards resource stocks is holding them back!

[walter walcarpets] 23/11/2018 11:14

I have a simple philosophy (to go with my personality ;-)) - if you believe the assets are undervalued, then buy. If you believe the assets are over-valued, then sell. Obviously, value is somewhat subjective and is changing all the time and depends on any number of things. Is there a global recession around the corner? Could be but one thing is certain, population growth continues and so will the demand for base metals. I will be buying more FWIW. IMO DYOR etc

[roks] 23/11/2018 11:02

After many years and many average downs and consolidations, my last top up at 2.3 bought down my average to 5.8p......I wanted all my losses recouped so didnt sell at 5.5.

I'll just have to do another topup if it get to 2p and bring the average down a bit...

[1savvyinvestor] 23/11/2018 11:00

Cbeadle that is nonsense. A completely different company and look at the recent commitment from directors taking a stake at a much higher price; This from placing RNS in October.

Management Participation in the Placing

Mr Nick von Schirnding, Executive Chairman of Arc, agreed to acquire 2,222,223 Placing Units at a price of 4.5 pence per unit. Upon Admission, Mr von Schirnding will have a beneficial interest in 13,326,018 Ordinary Shares, representing approximately 2.11 per cent. of the enlarged Ordinary Share capital of the Company of 630,843,391 Ordinary Shares. In addition, Mr von Schirnding will hold 13,842,348 options and warrants.

Mr Don Bailey, a non-executive director of the Company agreed to acquire 222,223 Placing Units at a price of 4.5 pence per unit. Upon Admission, Mr Bailey will have a beneficial interest in 7,263,890 Ordinary Shares, representing approximately 1.15 per cent. of the enlarged Ordinary Share capital of the Company.

Mr Brian McMaster, a non-executive director of the Company agreed to acquire 222,223 Placing Units at a price of 4.5 pence per unit. Upon Admission, Mr McMaster will have a beneficial interest in 2,222,223 Ordinary Shares, representing approximately 0.35 per cent. of the enlarged Ordinary Share capital of the Company.

Mr Jonathan de Thierry, a non-executive director of the Company agreed to acquire 66,667 Placing Units at a price of 4.5 pence per unit. Upon Admission, Mr de Thierry will have a beneficial interest in 13,559,555 Ordinary Shares, representing approximately 2.15 per cent. of the enlarged Ordinary Share capital of the Company.

Mr Vassilios Carellas, Chief Operating Officer of the Company, agreed to acquire 111,112 Placing Units at a price of 4.5 pence per unit. Upon Admission, Mr Carellas will have a beneficial interest in 2,456,112 Ordinary Shares, representing approximately 0.39 per cent. of the enlarged Ordinary Share capital of the Company.

Mr Chuck Forrest, Chief Financial Officer of the Company, agreed to acquire 111,112 Placing Units at a price of 4.5 pence per unit. Upon Admission, Mr Forrest will have a beneficial interest in 3,842,626 Ordinary Shares, representing approximately 0.61 per cent. of the enlarged Ordinary Share capital of the Company.