Arkle Resources Share Discussion Threads

[sapper2476] 19/10/2020 16:29

Watch out for that 1 trade at 1.30. That will get the overexcited going.

[rogerramjett] 19/10/2020 15:49

Taken a small position here today. Very interesting considering the proximity to Glenmore.

[firmor] 19/10/2020 09:53

Drilling six weeks now results from stonepark due at any moment .news on corporate active is not far off by the sound of John teeling interview on stockbox DYOR GLA

[sapper2476] 19/10/2020 07:38

Not that I hold or had ever heard of Ark, but my monthly catch up with my best friend who works out of Canary Wharf always throws up Titbits. Couple he gave me over the weekend to run my eye over. One was ARK. I’ll do some research today.

[firmor] 16/10/2020 21:01

No pump and dump here stonepark results could come at anytime next week hopefully .as teeling said on stockbox interview lots happening there corporate active there more than one group interested in arkle stonepark by the sound of it..looking every promising in need . He said things could be closer then long term share holders thinks .so I think things could move every rapid

[justtrying1] 16/10/2020 14:24

Pump and dump

[fiachra] 16/10/2020 12:41

Good Buying. Good News On the way?

[fiachra] 16/10/2020 10:19

Firmor. Three weeks nearly up. Any news?

[firmor] 30/9/2020 13:08

Result from stonepark out within 3 weeks r less this price is well under valued cheap to buy and with gold prospects then on news on other licence's aboard could come at anytime

[thejaba] 28/9/2020 12:25

fenners

you seem like an aggrieved man mate.

read the RNS hun

[fenners66] 28/9/2020 12:08

double post

[fenners66] 28/9/2020 12:08

So great news for you Arkle gamblers....

Question is what do they say to GreenOre shareholders?

[fenners66] 28/9/2020 12:07

From the Arkle RNS

"The board believes that we hold prime gold and zinc exploration ground in Ireland, certainly better than the opportunities presented from abroad"

guess they are not planning on telling Finn's other shareholders in GreenOre Gold that - since their interests are in ....... Scotland.

[fenners66] 28/9/2020 12:06

All adds to the picture of how thinly spread the time of Horgan and Finn is.....

They have families I guess

They do not work 24/7 I guess

But Finn has been installed managing the zinc prospects of Arkle.... and is finance director for 4 Stock market quoted companies .

I guess the shareholders of those are individually expecting great things and anticipate diligence and focus from their directors.

Do they know that the directors have so many "projects" spread so far across the globe?

How do these directors manage?

[fenners66] 28/9/2020 12:06

GreenOre Gold

Management
Directors Profiles


David Horgan – Director Director of AIM listed oil explorer Petrel Resources Plc and former director of African Diamonds Plc; sold to Lucara Diamonds for $100m. Holds a Law degree from Cambridge and an MBA from Harvard. Twenty years of exploration experience.

Jim Finn – Finance Director 20 years African resource company experience. Holds qualifications in finance and accounting. A director of a number of resource and industrial ventures. A director of Cooley Whiskey which was sold to Beam for $95m. Has led the listing procedure for ten AIM companies.


GreenOre raising £600k to develop their Kerry Road Deposit

For the past year and a half GreenOre Gold plc (GreenOre) has undertaken work near Gairloch in North West Scotland

"GreenOre is a mineral exploration company with a focus on Scottish gold deposits. GreenOre currently hold 7 Option Agreements for gold and silver with the Crown Estate Scotland covering a total of 1721km squared in Aberdeenshire, Ayrshire, Perthshire and Ross-shire. Aberdeenshire and Ayrshire exploration blocks are under joint venture with Koza Ltd and the Perthshire licence is operated by Erris Recources. The company is currently seeking funding to develop the Kerry Road Copper Gold Deposit in Ross-shire."

[backbone and clingfilm] 28/9/2020 11:48

Fenners - why ONLY go back 18 years? Why not carry on and go bak all the way to the beginning of the universe?

18 years. Perhaps you’re a stale bull. That i cud understand. Hopefully a New chapter here now tho. Teeling at the wheel. Brum brum.

Regards

[thejaba] 28/9/2020 11:27

millie agreed, stonepark, could knock this out of the park

[milliecusto] 28/9/2020 10:38

We will have drill results in a few weeks and Stonepark will probably get sold, hard not to see the short upside, cash will last throughout the 18 months and between that money from Stone park will take the company higher

[fenners66] 28/9/2020 09:56

See the interim results have landed.

"The lifeblood of a mineral exploration company is exploration"

However the lifeblood of this company is ....

"GBP500,000 raised during the period and GBP600,000 raised in August"

as they have done little enough mineral exploration

"The Irish lockdown cost us four months."

What then cost the other 18 years ?
Share price chart shows the equivalent of listing at just short of £20 a share now just above zero.


"Net Cash used in operations" €227k up 43% from last year

(in fact more in 6 months than the whole of last year)

But

"Payments for exploration and evaluation" €118k

So almost twice as much spent on running the company than spent on exploration - you know the "lifeblood ... is exploration"

They had €252k left at the end of the period
and raised another about €672k in August

So €924k

Spent €345k in 6 months so at that rate they run out in less than 18 months.

Also it was announced 24th July that

"John Teeling, and Jim Finn, Finance Director, have taken control of the Company's zinc projects"

so working (?) full time ? Expecting more remuneration?

If so added costs after the half year period......


How long is that cash going to last ?

What have they got to show for 18 years ?

Cumulative losses of € 4,540,000

and Intangible assets of € 3,607,000

The history of 162 Group intangibles is not encouraging.....

[talkman2] 28/9/2020 07:59

What would a buy out of Stinepark do fir the share price ?

[firmor] 28/9/2020 07:41

RNS Interim report out looking very positive .stonepark result's out within weeks.looks like a possible buyout of stonepark..

[fenners66] 25/9/2020 19:51

"drilling results to fallow patience is needed "

no one commented on the earth-shattering news today

"356 samples were collected. Each sample weighed roughly 120g each and was obtained between 10 and 20cm below the surface"

So a student with a trowel can collect these beakers half full of soil over a weekend.

This took months .....

Next up more of the same and wait until the end of the year then they might have decided to actually drill some holes - of course using a drill will need more resources....

and since this is 162 Group it may take longer ..... a lot longer......

Zzzzzzzzzz

[cashandcard] 17/9/2020 13:07

fenners,


Have they not achieved anyhting?

I mean, with all those posts, maybe a nice fat salary package or two?

Shareholders have the right to boot them out - if shareholders can get organised.

Until then, the gravy train will continue....choo choo!


Cash