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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Arkle Resources Plc | ARK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.275 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.275 | 0.275 | 0.275 | 0.275 | 0.275 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 29/11/2023 08:32 by currypasty marked down |
Posted at 30/11/2022 15:31 by backbone and clingfilm hxxps://youtu.be/aeNLithium results before Christmas. 3 hole zinc results possibly before Christmas too but more realistically in the new year. Lithium demand to explode coz of EVs. Forecast a minimal x8 demand increase but more realistically x15 Previously low grade / marginal projects now of great interest. ARK potential lithium assets are just across the valley from 2 x Chinese companies working lithium for past 4 or 5 years. Another Stonepark zinc hole to be drilled soon. It’s potentially a game changer as G11 think it could be onto pay dirt of between 50 and 100mt That would eclipse / dwarf Glencores Pallas green of 45mt. Stonepark already 5.1mt, Better grades than Pallas green and at an easier shallower depth. |
Posted at 14/11/2022 07:56 by backbone and clingfilm Amazing risk / rewardLess than £2M MC with upto 400K of new funds 5.1mt of Zinc already bagged at Stonepark . Glencore bid for it ARK said NO Since then, fantastic drill results indicating a large system that could eclipse Glencores large Pallas green of 45mt What more do peeps want |
Posted at 29/9/2022 15:29 by clark5256 Hi backbone and clingfilm I have been trying to find an ARK Telegram group for ages but nothing comes up do you have the link you could share please. Thank you. |
Posted at 18/9/2022 19:23 by backbone and clingfilm Article in todays Irish Sunday independent newspaper.Mining: "Limerick drill op shows signs of large zinc system. " continues... The article is available on ARK telegram group. My take. validates G11, increasingly they know where to drill. As we know earlier this year G11 and ARK reported a large fault system discovery at stonepark that is highly promising and could eclipse Glencores large Pallas green deposit of 45mt. G11 and ARK said follow up drilling was priority. *Note Stonpark owned by G11 76.56 % ARK 23.44% Limerick 100% G11 |
Posted at 29/7/2022 05:45 by pro_s2009 These kind of companies just suck peoples money in and offer no return......in todays market you need to be in dividend paying energy stocks, like for example I3EI3E has plenty of exploration upside, but also currently paying a monthly dividend from low decline Canadian oil and gas production. So even if the price stays still, your getting 6% yield in the way of monthly dividends. Companies like ARK I have watched for a long time, but they just, imo, are lifestyle companies and offer no investment benefits. |
Posted at 20/6/2022 22:48 by backbone and clingfilm 1teemoreA crucial huge positive for ARK are the spectacularly superior grades at Stonepark. Stonepark: (8.7% Zn and 2.6% Pb) Pallas Green: (7% Zn and 1% Pb) It's easy to see why Glencore bid for it with the intention of quick fire drilling. Surely last weeks news wet their appetite further. Also at depth, Silver could now be significant |
Posted at 05/4/2022 15:43 by backbone and clingfilm Pallas green vs Stonepark.And why there are great hopes for the latter. Pallas green resource ( owned by Glencore ) is large at 45 mt Stonepark ( owned by ARK and G11 ) is much smaller at 5.1 mt The drill objective is to find the theoretical mirror image of Pallas Green which would increase the Stonepark resource considerably, possibly into a world class Tier 1 mine. Stonepark resource vs Pallas Green ( so far) is also higher grade and shallower depth meaning it’s easier and cheaper to mine, therefore even more economically lucrative. Knowing that it’s easy to understand why Glencore bid, and had it rejected. Would anyone bat an eye lid if this was already a £20m MC company instead of £2M ? Current Drilling almost complete. I’m expecting first results from the 6 hole drill loosely around month end. |
Posted at 18/3/2022 13:42 by backbone and clingfilm WHAT IS ARKS 23.44% SHARE OF STONEPARK ZINC PROJECT WORTH?IS IT UNDERVALUED BY A FACTOR OF 5 to 10? This is from June 2019. Fag packet inferred value. As of June 2019. N.B spot Zinc was around $2500 It’s now around $3800 A 50% plus increase. Firstly, an article from June 2019… ARKLE: “Alternatively So, implies every 4.5% (roughly) is worth 2M euro. Arks holding is 23.44% divide by 4.5 = 5.209 x 2M euro = 10.48M euro. Converted to GBP at .84 = £8.8M GBP Current MC is £2.5 M So a 3.52 x bag increase from current .75 =2.64p per share +50% increase in spot Zinc to todays $3800 =3.96p per share. A 5.28 x bag from current .75 I believe the article figures stated above by ARK are the figures Glencore offered to Group eleven. Group Eleven turned it down as an undervaluation, and they stated "we want to find the big one." ( a reference to the current drilling and sought after mirror image of the large Pallas Green project of 45m mt) My figures above based only on the 5.1mt inferred resource. Any resource increase derived from the current drilling towards the desired 10mt to make it commercially viable would see significant uplift to those figures. The current drill is in a Zinc rich area that has already inferred a resource of 5.1mt. The feeling is 'when' not 'if.' Current drill is seeking to find a mirror image of the Palas Green resource of 45m t. Given the size of the prize and the fact G11 turned Glencores offer down I think it not unreasonable to assume a current value upto twice that of 3.96p or 7.92p. A 10 fold increase. These figures exclude ARKs two 100 % owned Gold projects in Ireland that are now coming out of winter moth balling. Something to think about. NAI and as always DYOR etc |
Posted at 22/5/2020 09:01 by cpap man STRONG BUY @ ARKGlencore stake building at Stonepark Last Friday Arkle Resources (ARK.L) announced that global mining major Glencore, subject to shareholder approval, will take a 26.7% stake (non-diluted) in Arkle’s Stonepark JV partner Group Eleven Resources Corp (ZNG.V) by investing C$750K through a private placement. Glencore already held an 11.6% stake (non-diluted) following an initial investment of C$1m in October ‘19. Glencore also purchased off-take rights of the metal on Group Eleven’s pro-rata-share of its zinc projects in Ireland at the time. Despite a significant increase in Arkle’s share price over the last week from near all-time lows of 0.5p, we believe the market has not fully grasped the importance of Glencore’s positioning at Stonepark and highly advantageous JV terms Arkle has in place on the Joint Venture. JV Terms Favourable Arkle holds a 23.44% stake in the Stonepark Zinc Project, with Group Eleven holding most of the remainder. The historical expenditure and dilution terms of the JV are favourable to Arkle. If the management choose to dilute its share, its partner would need to spend €1m, but this would only dilute Arkle to around 21%, or €2m to dilute to 19% and so forth. This gives Arkle flexibility in deciding when or not to participate. In any case, Arkle has already indicated it will be maintaining its stake for now as stated on 21 April when announcing its planned August drilling (subject to Covid-19 restrictions). The further cash raise of £250K revealed last Monday, means that Arkle is positioned to either participate going forward or can opt to dilute. On metal rights, Arkle has the right to market and sell its percentage of any metal produced, assuming its interest in the project remains above 10%. Such metal rights give Arkle an additional economic asset in the project, along with its plain vanilla project stake, and could thus be sold to another company or in a negotiated deal with Glencore, at a later stage. Stonepark Benefits to Glencore There are two very beneficial aspects of Stonepark to Glencore. The first comes from the presence of its own project at Pallas Green that lies just to the east, where an Inferred Resource of 45.4 million tonnes at a combined grading of 8% combined zinc and lead has been identified. Although Pallas Green has a much larger resource than Stonepark’s Inferred Resource of 5.1 million tonnes at 11.3% zinc and lead combined, defined to date, it lies at a shallower depth and could prove more economic to mine than Pallas Green, especially if a higher grade is maintained as the resource size grows through further exploration or could be mined first if both resources were combined. The second is the exploration potential to the south of the Pallas Green Resource, where the two projects border each other. Arkle has announced that drilling indicated the presence of highly prospective geology around Kilteely in the south of the Stonepark project. Given this interest by Glencore in Group Eleven, we are hopeful that Stonepark can now be advanced at an accelerated rate and such blue-chip miner activity could raise investor interest levels further in key stake holders such as Arkle Resources. Updated Recommendation Despite the 89% increase in the share price since last Friday in response to the JV partner’s funding, strengthened balance sheet from recent placing, Arkle's valuation remains unfairly in sub micro-cap territory, with a market cap of around £2m and the shares trading at less than half their two year highs of 3.15p. For the manifold of reasons explained above, First Equity Limited continues to rate Arkle Resources as a ‘Buy’. |
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