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ARCM Arc Minerals Limited

1.70
0.00 (0.00%)
26 Jul 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
  0.00 0.00% 1.70 1,195,306 01:00:00
Bid Price Offer Price High Price Low Price Open Price
1.65 1.75 1.70 1.70 1.70
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 7.08M 0.0058 2.93 20.84M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:14:27 O 250,000 1.7095 GBX

Arc Minerals (ARCM) Latest News

Arc Minerals (ARCM) Discussions and Chat

Arc Minerals Forums and Chat

Date Time Title Posts
25/7/202412:50ARCM mining9,535
18/7/202407:40Layman’s terms, finding the X on the treasure map (Read only)6
17/3/202410:39Mr 250k - Market manipulation of ARCM138
30/1/202406:44ARC Minerals - With Charts116
09/4/202107:56On the Telly2

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Arc Minerals (ARCM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:14:281.71250,0004,273.75O
2024-07-26 15:10:171.66120,5552,000.01O
2024-07-26 14:34:481.7161,9661,059.49O
2024-07-26 14:05:481.7192715.85O
2024-07-26 13:48:201.7175,0001,282.35O

Arc Minerals (ARCM) Top Chat Posts

Top Posts
Posted at 26/7/2024 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 1.70p.
Arc Minerals currently has 1,225,744,782 shares in issue. The market capitalisation of Arc Minerals is £20,837,661.
Arc Minerals has a price to earnings ratio (PE ratio) of 2.93.
This morning ARCM shares opened at 1.70p
Posted at 15/7/2024 16:21 by the skipper
And of course it shouldn’t be long before we have some assays back from the drill programme in Botswana. With these two share price catalysts closely following each other trend change should be pretty rapid so I’m going to stick my neck out here and predict that the share price here will be well north of 2p within two months, and hopefully a lot sooner.
Posted at 19/6/2024 10:45 by apotheki
SP Angel . Morning View .

Arc Minerals (ARC LN) 1.45p, Mkt cap £21m – Restoration of trading as management seek to overturn license rejections by Ministry of Mines in Zambia

(Arc has a 20% indirect interest in Handa and Zaco (Arc owns 67% of Unico which holds 30% of Handa, which owns Zaco)

We are extremely curious to know why Arc Minerals shares were suspended yesterday.

Suspension is very rarely applied to listed companies in the UK and is a highly unusual move.

Our curiosity is partly driven by the enormous number of shares traded (108m according to Bloomberg worth ~£1.5m) in the market.

Arc Minerals shares have traded a further 41m shares (£600,000) by 9:40am this morning indicating there may be an ongoing seller in the market.

While news from the Ministry of Mines and Minerals Development in Zambia may have precipitated the share price fall the sheer volume of stock traded suggests to us:

Shareholders were potentially forced to sell stock through a Margin Call

Investors may have Borrowed against their stock and were stopped out,

An investor or investors had Borrowed against the stock with stock being sold to cover aspects of the loan.

Arc Minerals has since published statements in relation to the rejection of two of their mining license applications by the Mining Licensing Committee at Ministry of Mines and Mineral Development in Zambia.

“Mining licence application 33404-HQ-LML from Handa Resources Limited and mining licence application 33403-HQ-LML from Zaco Investments Limited “ were rejected.

A further “Large Scale Exploration license 23004-HQ-LEL from Zaco Investments Limited was marked as deferred pending an information request.”

Arc Minerals has since reported:

“As the applications were validly submitted and validated by the Zambian Mining Cadastre, the Company has been advised that Handa and Zaco will be appealing the decision of the Mining Licence Committee to reject the Mining Licence Applications and are engaging with the Mining Cadastre to have the appeal heard as soon as possible so that the applications can be reinstated and/or considered positively in accordance with the law.”

None of the company’s other licenses were affected

With the exception of the licence mentioned above, none of the Company's other licences are affected by the recent Mining Licence Committee Meeting review.

Anglo American is currently mobilising for exploration again after what has been described as an unusually dry wet season by geologists working in the region.

Conclusion: It was a very tough day for anyone forced to sell Arc Minerals shares earlier this week. We suspect the situation serves to highlight the risk of leverage and margin call in small company shares.

Zambia is highly regarded as a mining jurisdiction within Africa with First Quantum, Barrick Gold, Glencore, CNMC operating mines in the region and with Anglo American, Rio Tinto and BHP all looking for new discoveries

KoBold Metals is looking to develop the $2.3bn Mingomba copper mine (247mt grading 3.64%) with development potentially starting as early as 2027.

Zambia produced around 698,000t of copper in 2023 vs 763,000t in 2022 and is looking to raise production to around 1mtpa by 2026 and 3mtpa by 2030 with new investment expanding production at new and existing mines.
Posted at 17/6/2024 15:21 by ashkv
Someone on the other board stating wrongly that the results were conveyed days prior and NOMAD viewed as non-material so no RNS!!!

The results per the link were released today / 17 June 2024

ISSUED BY SECRETARIAT OF MINING LICENSING COMMITTEE

17TH JUNE, 2024, LUSAKA.




NicetoMichu

Posts: 5,376

Price: 1.275

No Opinion

RE: Mining Licence Committee resultsToday 15:16
I've added some more here too..

Arcm have know about this soon after the decision and well before small holding found out.. and them/ their NOMAD understood this to be material to the share price they would have had to RNS about this days back .. they haven't RNS'd, so I'm guessing this fall is well over done... but that's just my guess of course
Posted at 20/5/2024 22:44 by papillon
free stock charts from uk.advfn.com


Longer term ARCM log chart. The ARCM share price has recently risen above the 50 day EMA (Exponential Moving Average) which is a potentially Bullish signal. If the 50 day EMA rises above an already rising 200 day EMA that would be a "Golden Cross" and potentially Strongly Bullish.
I had a punt on ARCM recently. The ARCM chart is potentially Bullish. Another good signal is that the Copper chart recently turned Strongly Bullish.
Posted at 20/5/2024 22:28 by papillon
free stock charts from uk.advfn.com


6 months ARCM chart. The ARCM share price looks poised to turn Bullish. The 14 day RSI is still rising which is potentially Bullish.
Posted at 07/5/2024 10:10 by loglorry1
ARCM has huge potential the way the copper price is heading. Once we get some decent drill results in this will go much higher. Lots of decent newsflow pending and share price has bottomed with the removal of the large overhang.
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 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?
Arc Minerals share price data is direct from the London Stock Exchange

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