Share Name Share Symbol Market Type Share ISIN Share Description
Arkle Resources Plc LSE:ARK London Ordinary Share IE00B2357X72 ORD EUR0.0025
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.10 112,291 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.05 1.15 1.10 1.10 1.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.27 -0.20 3
Last Trade Time Trade Type Trade Size Trade Price Currency
08:00:14 O 112,291 1.051 GBX

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Arkle Resources Daily Update: Arkle Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker ARK. The last closing price for Arkle Resources was 1.10p.
Arkle Resources Plc has a 4 week average price of 0.88p and a 12 week average price of 0.80p.
The 1 year high share price is 1.63p while the 1 year low share price is currently 0.45p.
There are currently 291,044,926 shares in issue and the average daily traded volume is 18,647,481 shares. The market capitalisation of Arkle Resources Plc is £3,201,494.19.
currypasty: Arkle announces that pursuant to the receipt of a conversion notice from a holder of 4,000,000 warrants exercisable at 0.50 pence each, it has today issued 4,000,000 ordinary shares of EUR0.0025 each ("Ordinary Shares") at the exercise price of 0.50 pence per share ("New Shares
fenners66: Parker Schnabel as a teenager on Gold Rush was told to always drill and find out if its worth mining BEFORE spending any cash. What does he do? Bear in mind at this stage he's a kid with some good connections and borrowed equipment and money. He gets a specialist drilling rig in and drills a whole claim in a couple of days. Then he works hard and generate a million $ in his first year. At 26 he was believed to be worth $13m Compare and contrast Arkle - previously known as Connemara since at least 2011 have sold nothing have lost €4.5m had to raise €7m from share sales and have a stock market cap of £3.2m With all those £millions at their disposal over the last decade or so WHY are they spending 2020 just digging small soil samples (120g) with trowels (I guess) ? Why has this little progress taken a decade? Why did they blame a partner for years wasted ? A teenager showed the world (with a weather limited time window each season) how to get on and get stuff done whilst this lot did what ?
firmor: 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
talkman2: What would a buy out of Stinepark do fir the share price ?
currypasty: "Arkle and Group Eleven are anxious to progress exploration in Stonepark. We have examined various options for the block of licences, but for now we are maintaining our stake. The upcoming drilling program is fully funded. "
rhysevs: 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’.
cpap man: 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: 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.
jev1: Here's that fish again for the performing seal. _______ RNS'd on Friday "Arkle Resources PLC (LON: ARK), the Irish gold and zinc exploration and development company, is pleased to note further investment by Glencore Canada Corporation" ________ 15p BUYOUT by GlencoreToday 07:41 Check out the ARK CEO interview - Talks about what Glencore need to spend to take #ARK % down. It’s circa £1 mill for 2%. Gives implied valuation for now for #ARK 23% at 6 x higher than mcap. Arkle Resources welcome
currypasty: Arkle Resources PLC (LON: ARK), the Irish gold and zinc exploration and development company, is pleased to announce that the Company has undertaken a placing to raise GBP250,000 (before expenses) via the issue of 33,333,333 new ordinary shares (the "Placing Shares"), at a placing price of 0.75p per Placing Share (the "Placing Price"). The net proceeds raised will be used for further exploration activities at the the Stonepark Zinc Project in Co. Limerick, Ireland and fund other exploration activities, including on the Company's 100% owned gold exploration projects.
Arkle Resources share price data is direct from the London Stock Exchange
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