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% 0.80 1,413,594 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.75 0.85 0.80 0.80 0.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.27 -0.20 2
Last Trade Time Trade Type Trade Size Trade Price Currency
16:03:54 O 500,000 0.7775 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 0.80p.
Arkle Resources Plc has a 4 week average price of 0.78p and a 12 week average price of 0.50p.
The 1 year high share price is 1.63p while the 1 year low share price is currently 0.45p.
There are currently 216,044,926 shares in issue and the average daily traded volume is 2,039,656 shares. The market capitalisation of Arkle Resources Plc is £1,728,359.41.
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: 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.
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’.
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.
fenners66: "We have made the transition from Connemara Mining to Arkle Resources. It was done for the best of reasons: a new dawn, new shareholders, new directors and management, and a new focus on gold exploration..... ....has not been without its challenges..... On the other hand, we have made the move into social media with an active Twitter presence" New dawn same declining share price. Same dilution Administrative expenses (337,306) (214,331) ---------- ---------- OPERATING LOSS (337,306) (214,331) Bigger losses though ! That's after adding € 402,694 to intangibles again..... New focus on gold exploration - then goes on to talk first about...................... Zinc But when they do get to talk about gold .... "Most of the gold in Ireland is in narrow veins often only centimetres wide. Veins swell, narrow, twist, turn and disappear, making it very difficult for drilling to estimate, with any confidence...making it hard to reach an investment decision." Well look at the retained losses of the whole 162 Group that also makes it hard to reach an investment decision. "We raised EUR230 thousand in March 2019 to fund ongoing operations." "by way of a placing of 18,400,000 new ordinary shares" There were 113.91 million in issue at the balance sheet date. Another massive dilution for shareholders ... but wait a minute they welcomed a new name and new shareholders.... There is no disclosure of Directors Remuneration in the RNS that I can see, but its only been about 6 months since the year end so that note will have to wait .... but they do refer to paying 2017 accrued directors remuneration in shares... If they run out of cash , if PET runs out of cash and shut down ,what happens to the admin expenses of the other "Group" companies ?
chavitravi: One wonders if a change of leadership is going to make any difference to the fortunes of the Co, and the share price.
anjalo: HugePants, Using the share price in this way, as some kind of intelligent indicator of worth is IMHO not reality for a company like ARC. Since you have obviously done some historical research, try comparing ARC 2003 with ARC 2008 in terms of market cap, cash burn, licenses and products. There is no comparison. The ARC of today is a very well run company with excellent products and low cash burn, yet it had a higher market CAP in 2003, prior to its nose dive to about 13.5p as I remember. I may have the dates slightly wrong but you get my drift. The share price of these low market cap companies is an almost totally irrational thing. It seems to follow some kind of chaos theory, but quality will find a way and in my view this is a quality company. Be patient and the share price may well err in the other direction. All IMHO of course. a
Arkle Resources share price data is direct from the London Stock Exchange
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