Share Name Share Symbol Market Type Share ISIN Share Description
Arkle Resources Plc LSE:ARK London Ordinary Share IE00B2357X72 ORD EUR0.0025 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.875 904,670 07:49:02
Bid Price Offer Price High Price Low Price Open Price
0.85 0.90 0.875 0.875 0.875
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
14:58:31 O 110,000 0.8745 GBX

Arkle Resources (ARK) Latest News

More Arkle Resources News
Arkle Resources Investors    Arkle Resources Takeover Rumours

Arkle Resources (ARK) Discussions and Chat

Arkle Resources (ARK) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Arkle Resources trades in real-time

Arkle Resources (ARK) Top Chat Posts

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 0.88p.
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 2.25p while the 1 year low share price is currently 0.70p.
There are currently 297,044,926 shares in issue and the average daily traded volume is 1,182,829 shares. The market capitalisation of Arkle Resources Plc is £2,599,143.10.
fenners66: Msaxel 26 Jan '21 - 14:49 - 350 of 350 "Well this time, it did not go up on the headline" What ?! "26/01/2021 13:00 UKREG Arkle Resources PLC Stonepark Drilling Results" 1.00pm Share price spikes to 2p On the headline Then plunges on the "detail" Some see only what the want to......
fenners66: Share price goes up with the headline..... and down with the detail read......
backbone and clingfilm: Many Thanks to Gino on lse bb. Sure he won’t mind me sharing... “Id suggest 6p purely on the day of RNS. If resource sale is confirm at £30M+ there is postential for near term 20p. The money in the bank will be more than enough to get our gold plays moving "VERY QUICKLY" and relatively dilution free. ARK are fully funded into 2022 and im sure a few warrants will top up the bank balance too. If a company has gold assets and £30M+ in the bank.......... What would you value it at. 40p? 50p? ARK is circa 300M shares in issue.......only 45% in free circulation: hxxps:// Thats why this spiked 80% today.....when news comes, theres very few shares to go around....... Between a few investors here on this board we can accumulate another 3 or 4% easy enough between us 12 - 18 month target price for me is 45p”
backbone and clingfilm: Pallas green ( next door ) 45mt Pallas green deposit is deeper than ARKs so is more expensive to recover. Pallas green is lower grade to ARKs ARK = Higher grade at shallower depth. Deemed highly promising as a TIER 1 discovery.
backbone and clingfilm: Today’s Gold news is a stunning bonus. But we’re here for the potential TIER 1 Zinc discovery update (backed by Glencore) That’s the Jewel in ARKs crown. The biggy. It’s due this month. Already a 5.1mt inferred resource. ARK own 23.44 % and are looking to sell it. Lots of interest already. Current Market cap of £5M...out by multiples
backbone and clingfilm: ARK (MC £4M) own 23.44% of a hoped for Zinc Tier1 asset. Incoming likely upgrade to stonepark Zinc resource of 5.1mt and n then a likely sale of it (as stated by ARK) 23.44% of a hoped Tier1 asset worth multiples more than current £4MC. = reason for rise. Step out drill results of existing resource of 5.1mt will be published this month.
currypasty: market expecting more ?
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.
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
ADVFN Advertorial
Your Recent History
Arkle Reso..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210614 14:32:55