Cradle Arc Share Discussion Threads

[1rodson] 31/10/2018 08:38

Update I have revised my buying in price DOWN to .50p Per share.

[ileeman] 31/10/2018 07:46

"we are busy applying the funds from the loan facility to improve the process plant to complement the hard work that has gone into the rehabilitation of the pit. We look forward to updating the market on our progress in the near future."

[1rodson] 31/10/2018 07:29

It's really good to see a company carrying on with its old traditions.

I have lost count of how many cash calls this company has made wearing different hats, but it's the same old wise head that knows it does not have to produce anything when there are shareholders ready and willing to keep the cash flowing in!

[electrick] 31/10/2018 07:27

Wow... dilution from loan notes to come and now a placing at less than a penny.
Funds to supplement an issue which they had raised funds to resolve.

Good luck today!

[1rodson] 30/10/2018 21:36

SO WILL I RICHARD, SO WILL I!

[ileeman] 30/10/2018 10:45

I have built a significant position between 1.1-1.2p.

At £3million mcap with the sort of numbers they will be throwing of when production does get going you are literally looking at 5 bagger if not more.

Bombed out share price due to multiple sellers, one of which has cleared, also due to operational failings but the CEO has so much stock and he is a leading expert in the field I can see the plant issues being resolved very quick.

So resolve the operational issues then we rerate, it can be done.

[richardjohn10] 30/10/2018 09:47

I'll be loading up if it goes to your bench mark Rodders

[1rodson] 30/10/2018 08:18

Morning all....there you have it my penny call, admittedly a few days late but my charts are rarely wrong.

Next step 0.75p............a good buying opportunity for some?

[richardjohn10] 24/10/2018 14:43

What's your target for this Rodson?

[1rodson] 24/10/2018 14:39

Yeah yeah yeah

My constant drivel is spot on and always needs update as the share price falls, we have to keep shareholders informed.

Lochlea prefers to attack the messenger rather than answer my very relevant questions.

As said expect further falls.

[1rodson] 23/10/2018 16:39

HEADING DOWN TO MEET MY TARGET...SOMEONE MUST BE CHECKING OUT MARK JONES AT PENMIN

[1rodson] 22/10/2018 22:22

Just a few questions which those doing their research maybe able to, if not answer fully, shed some light upon!
22ND APRIL 2016
Gold and base metals exploration and development company Alecto Minerals earlier this month signed an agreement with Chinese mining equipment manufacturer Yantai Xinhai Machinery and South Africa-based turnkey solutions provider PenMin for the proposed construction and financing of mining operations at Alecto’s Matala gold project, in Zambia.
This follows the positive outcome of a feasibility study (FS) for the project.
PenMin has delivered the FS, which demon-strates positive economics for a 400 000 t/y oxide and transitional openpit operation with a mine life of about four years and eight months, at $1 200/oz of gold, with exploration upside and underground potential.

The estimated capital cost for the plant and infrastructure is $14.4-million, while the project’s net present value stands at $28.6-million at an 8% discounted rate.
The parties have signed an agreement to enter into a proposed design, build and operate (DBO) contract under International Federation of Consulting Engineers (Fidic) ‘Gold Book’, 2008, standards for the process plant and associated infrastructure.


Xinhai has agreed to arrange vendor financing for the DBO contract.

PenMin will be appointed the employer’s representative under a Fidic ‘White Book’ client/consultant agreement.
During the operational phase, Xinhai and PenMin will jointly manage the plant’s operations, the control of which will be transferred to Alecto on conclusion of the term of the contract.
Proposed vendor financing will be by way of a loan, allowing Alecto to remain the sole owner of the project. Financing, asset procurement and operating agreements remain subject to agreement on pricing and detailed contractual terms.

Alecto CEO Mark Jones notes that the signing of the agreement and Xinhai’s commitment to arrange vendor finance significantly derisked the Matala project and is “testament to the excellent opportunity that the project represents for stakeholders”.
He adds that PenMin and Xinhai have provided confidence for all parties to successfully deliver the development and operational phases of the project.
“There remains a lot of hard work to be done before we can commence development on the ground, but, considering how far we have come since the acquisition was completed just five months ago, I am confident that we will deliver further progress in the months ahead.”

[1rodson] 22/10/2018 18:42

Man look at that spread.......must be the best way to lose your money on the AIM

[1rodson] 19/10/2018 16:47

Well that's a bit of good news they can keep the lights on.........for a while!

[letmepass] 19/10/2018 14:36

Hopefully some news in the next few weeks.

[babbler] 19/10/2018 14:28

Didn't last long lol. Loan notes incoming but more money...

[babbler] 19/10/2018 13:38

Can never tell with you lol.

[babbler] 19/10/2018 12:49

So why the warning lol. If you are in. Its an excellent trading share. 1.3 now support imo.

[letmepass] 19/10/2018 12:42

Been in here a while. Made a nice few k on the last run but news soon about production and now loan should send this much higher. Only added a few k for now