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% 0.60 457,588 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.55 0.65 0.60 0.60 0.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.98 -0.45 2
Last Trade Time Trade Type Trade Size Trade Price Currency
10:37:45 O 80,855 0.649 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
2022-07-06 14:52:340.65268,1491,740.29O
2022-07-06 10:42:280.6065,000391.30O
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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 0.60p.
Arkle Resources Plc has a 4 week average price of 0.60p and a 12 week average price of 0.60p.
The 1 year high share price is 1.25p while the 1 year low share price is currently 0.60p.
There are currently 345,382,426 shares in issue and the average daily traded volume is 1,352,802 shares. The market capitalisation of Arkle Resources Plc is £2,072,294.56.
fenners66: As there is obviously a need for yet another fund raise , the market has rumbled them share price down again.
fenners66: 1teemore - If you think that a principal activity of a quoted "exploration company" is making a profit /loss on "fair value volatility of warrants" then I contend that you have not got a clue. Since I prefer investing to gambling , I will let you guess what I think of ARK
fenners66: On what basis do they pick one of their companies to add a "project " to ? ARK is clearly centered on Ireland whilst other group companies are on Africa. So ,,, Do they just pull out a name out of a hat ? ARK now going to Zimbabwe for ....... Lithium Spread the same few guys all over the world , looking for all kinds of everything and lo nothing gets done.....
backbone and clingfilm: 1teemore A crucial huge positive for ARK are the spectacularly superior grades at Stonepark. Stonepark: (8.7% Zn and 2.6% Pb) Pallas Green: (7% Zn and 1% Pb) It's easy to see why Glencore bid for it with the intention of quick fire drilling. Surely last weeks news wet their appetite further. Also at depth, Silver could now be significant
backbone and clingfilm: That Explains why the giant Glencore bid for Stonepark Ark said yes. G11 said no. Better grades. Closer to surface. Easier n cheaper to mine = more Wonga 6 hole drill now concluding I’m expecting the 1st hole drill result from NW kilteely loosely month end. £2m MC with 5.1mt already bagged is there a better mining play out there. Stunning reward v risk
backbone and clingfilm: Pallas green vs Stonepark. And why there are great hopes for the latter. Pallas green resource ( owned by Glencore ) is large at 45 mt Stonepark ( owned by ARK and G11 ) is much smaller at 5.1 mt The drill objective is to find the theoretical mirror image of Pallas Green which would increase the Stonepark resource considerably, possibly into a world class Tier 1 mine. Stonepark resource vs Pallas Green ( so far) is also higher grade and shallower depth meaning it’s easier and cheaper to mine, therefore even more economically lucrative. Knowing that it’s easy to understand why Glencore bid, and had it rejected. Would anyone bat an eye lid if this was already a £20m MC company instead of £2M ? Current Drilling almost complete. I’m expecting first results from the 6 hole drill loosely around month end.
backbone and clingfilm: WHAT IS ARKS 23.44% SHARE OF STONEPARK ZINC PROJECT WORTH? IS IT UNDERVALUED BY A FACTOR OF 5 to 10? This is from June 2019. Fag packet inferred value. As of June 2019. N.B spot Zinc was around $2500 It’s now around $3800 A 50% plus increase. Firstly, an article from June 2019… ARKLE: “Alternatively, we could take the option to dilute (our share of stonepark . If we chose to do so, to put it in perspective, Group Eleven – or any other investor in the project – would have to spend a further 1M euro to take Arkles share in the project from our current share of 23.44% to just under 21%, 2M euro to take it to just under 19% and so on. If expenditures of that scale and beyond are being made in the project then we see the overall value of the project being re-rated,” said Arklkes chief executive Patrick Cullen..” So, implies every 4.5% (roughly) is worth 2M euro. Arks holding is 23.44% divide by 4.5 = 5.209 x 2M euro = 10.48M euro. Converted to GBP at .84 = £8.8M GBP Current MC is £2.5 M So a 3.52 x bag increase from current .75 =2.64p per share +50% increase in spot Zinc to todays $3800 =3.96p per share. A 5.28 x bag from current .75 I believe the article figures stated above by ARK are the figures Glencore offered to Group eleven. Group Eleven turned it down as an undervaluation, and they stated "we want to find the big one." ( a reference to the current drilling and sought after mirror image of the large Pallas Green project of 45m mt) My figures above based only on the 5.1mt inferred resource. Any resource increase derived from the current drilling towards the desired 10mt to make it commercially viable would see significant uplift to those figures. The current drill is in a Zinc rich area that has already inferred a resource of 5.1mt. The feeling is 'when' not 'if.' Current drill is seeking to find a mirror image of the Palas Green resource of 45m t. Given the size of the prize and the fact G11 turned Glencores offer down I think it not unreasonable to assume a current value upto twice that of 3.96p or 7.92p. A 10 fold increase. These figures exclude ARKs two 100 % owned Gold projects in Ireland that are now coming out of winter moth balling. Something to think about. NAI and as always DYOR etc
backbone and clingfilm: Worth noting Tiny £2M MC Stonepark Zinc project drilling now underway 5.1mill tonnes already discovered ARK own 24 % G11 76% Michael Gentile expert small cap mining investor has just participated in a G11 fundraise to maintain his 17% in G11 Ark have chosen to participate to keep our 24% Spot the theme. The giant Glencore took 26% of G11 and offered to buy the lot. ARK said yes. G11 no. Possible Tier 1 here if they strike. That’s 100’s millions pa rev A 10 bagger takes it to £20m MC And another 10 bagger on top to take it to fair value with such a strike. Aka 100 bagger.
backbone and clingfilm: glencore hold 26 % of G11 michael gentile 17 % of G11 michael gentile is an expert investor in small cap mining and the giant Glencore arnt dummies. Ark own 23.44 % of the G11 controlled ( with 76 % ) Stonepark asset follow the money.. Https:// a bid was made. Ark said yes. G11 said no. why did G11 say no? G11 state they are looking for the big one. They're going for glory G11 Vision statement... "Discover Ireland’s next big zinc mine in order to generate exponential shareholder returns and local economic benefits."
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’.
Arkle Resources share price data is direct from the London Stock Exchange
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