vcm11

3.50p/5.15p target 3rd swing Summer 2020 - BULLISH

Long
LSE:ARCM   ARC MINERALS LIMITED ORDS NPV (DI)
Check timeline properly.

Every year around spring a swing starts on the upside as we kick start drilling operations.
BoD are all aligned with shareholders at a much higher price, why? because they believe in the project.
We ask ourselves why they would do a placing now? Because that's what normally mining companies do ahead of drilling as they need the cash.
Why BoD didn't go in at a cheaper price? Perhaps they are all inside & can't buy. Bear in mind Directors (non-NED) have all about 10% together.

plant operating, high grade oxide deposit drilled (CE) & found massive sulphides.

Barrick as potential suitor for the company as a partner
Lumwana mine. It processes lower grade ore and has high costs as ore is I believe contaminated with uranium. 100km from Arcm!

CEO Bristow likes doing deals. Sees copper as area to move into