Arkle Resources Share Discussion Threads

[pennyfalls] 08/6/2020 17:14

Question about BOD options vesting immediately..

As Fenner mentioned I was wondering about this myself. How do people read this? Is it a positive in that the BOD sees imminent value due to deals coming ARK’s way, or is it a negative as the options will be immediately monetised by the BOD to top-up wages?

Cheers, PF

[daniel81] 03/6/2020 21:32

Should pop soon with Glencore around the corner news could land any day of a buyout.

[mark205] 01/6/2020 13:22

Those looking to flip their placing shares look like they are done. Rest in stickier hands. Any hidden interpretation from the rns today?

[milliecusto] 01/6/2020 12:32

Looking perky today

[milliecusto] 28/5/2020 08:02

£2 m mkt cap and Glencore buying

[milliecusto] 27/5/2020 10:45

Penny has drop, Glencore buy out

[fenners66] 26/5/2020 22:15

Vest immediately ?

That seems unusual - normally there is a "long-term" incentive to earn long-term first......?

[milliecusto] 26/5/2020 21:52

https://www.newswire.ca/news-releases/group-eleven-closes-first-tranche-of-non-brokered-private-placement-with-glencore-847180750.htmlGlencore now in play with Ark, great news

[currypasty] 26/5/2020 21:25

Arkle Resources PLC (LON: ARK), the Irish gold and zinc exploration and development company, is pleased to announce that the following long-term, incentive options have today been granted over 9,000,000 ordinary shares of EUR0.0025 in the Company ("the Options"). The Options vest immediately, have an exercise price of 0.95 pence and an expiry date of 18 May 2027.

[rhysevs] 26/5/2020 18:56

What will happen in the next few weeks?

Glencore make an offer for Arkle zinc interests?Another bidder materialises?TR1 issued?

This share is poised for some serious upward share price movement.

[milliecusto] 26/5/2020 12:55

Check out pxc, 12m mkt cap

[moizz] 26/5/2020 10:04

Anyone know when ARK results are out?

[rhysevs] 24/5/2020 14:22

hxxps://greetsecho.blog/2020/05/24/arkle-resources-the-case-for-investment-ark-zinc-gold-glen/

[rhysevs] 24/5/2020 11:45

hxxps://greetsecho.blog/2020/05/24/arkle-resources-the-case-for-investment-ark-zinc-gold-glen/

[rhysevs] 23/5/2020 15:25

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 Limitedcontinues to rate Arkle Resources as a ‘ Buy’.

[rhysevs] 23/5/2020 13:10

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 Limitedcontinues to rate Arkle Resources as a ‘ Buy’.

[rhysevs] 22/5/2020 22:05

Given just a little bit of time ARK will multi bag. Given what we already have 10p but increase our resource 20p +

[rhysevs] 22/5/2020 16:47

Another 5 K buy at close of play. There are a few building up rather large holdings if you ask me

[milliecusto] 22/5/2020 12:57

2m mkt cap ridiculously low, another mini ggp in the making

[cpap man] 22/5/2020 09:01

STRONG BUY @ ARK



Glencore 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’.

[jev1] 21/5/2020 23:19

Don't forget, there are also two other heavyweight investors in Group Eleven, ARK's partner at Stonepark, in addition to Glencore.

Teck Resources, US $ 5 Billion
MAG Silver, US $ 1 Billion

Glencore, £ 20 Billion

Glencore are going for more than a 20% interest in Group Eleven.


So, there could be two other major bidders in ARK's Stonepark stake.

On top of that, ARK have already made their view of the sale price known for their share in Stonepark, which is six times higher than the new expanded market cap. This is on the results so far and it's current inferred resource level prior to any further drilling, which is to commence shortly and likely to upgrade it significantly.


The Tellus airborne survey revealed major new anomalies at Stonepark , so the inferred resources could end up larger than Glencore's adjacent Pallas Green inferred resources.

Very telling that this is the only Zinc 'exploration' interest for Glencore globally and it's believed it will become the largest Zinc resource in Europe which would tie in nicely with Glencore's european smelters.

For every £10k invested in ARK, it's an easy route to £ 50k or £ 100k as it rerates upward.

The asset and resource is already in place and highly likely to grow hugely very soon and the interested majors are already in place and showing their hand by investing more money and taking a greater slice.

[rhysevs] 21/5/2020 20:51

Well if GLEN decide to take us out we will multi multi bag

[rhysevs] 21/5/2020 17:54

Can't think of another company with a market cap of under 2 M in such a good place. Onwards and upwards

[rhysevs] 21/5/2020 17:52

Base camp 2p. Then the climb begins up the mountain. So so undervalued if you ask me

[milliecusto] 20/5/2020 09:38

1.029Are buys, I have just further topped up