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I think it's difficult to not be extremely bullish on Arc at the moment. We have a fantastic asset which a few majors have shown an interest in. We've already turned down offers according to the BoD which shows we will not let this go on the cheap. We're currently in an exclusivity agreement with the major that previously owned the licences! We've had a recent director buy on the open market and a huge amount of positivity from the BoD in general. Funded for at least the next two years with previous sales being renegotiated in our favour.
I'm not the most experienced investor and this is AIM so maybe I'm being naive but I will be hugely surprised if in 6 months time all investors(including those who bought at higher prices than we're currently at) are not in a better and probably much better position.
We all need to learn and indeed after 30 years trading still learning every day .unfortunately my education began with the internet and tech bubble .lost 100k in under a year .iam optimistic on arc getting this right and a real good deal
Back above 4p....
Pushing north with the market expecting update soon enough....
GLA.
Not yet!
Totally agree.
Just re-listening to the investor call agwin and it's crystal Nick is looking for a respectable offer. So I'm defo still of the opinion that waiting is best and as Nick said on the call he is under no obligation to accept any offer from AA. While at the moment he can't entertain the other majors who has shown an interest, as its precluded during the six month exclusivity period with AA, he clearly sees and discusses the potential competition this brings to the table in terms of bids for the assets from majors once the AA tie up ends.
If AA make an offer he can't refuse during the exclusivity or put a horse's head in his bed that's the only way he will deal during exclusivity. Beyond that imo he wants the majors bidding against one another.
Either way it only means one thing for investors.
Gla
Fukurokuji,
Your for forgetting the Chinese. IMO they would out bid all bidders if it came to a bidding war.
Could you expand on this section of your post please?
"If AA make an offer he can't refuse during the exclusivity or put a horse's head in his bed that's the only way he will deal during exclusivity"
Thank you.
What I'm saying is as per his words at around 30 mins into the call that it's step by step and he expects further competition as it 'opens up' (i.e. after the exclusivity to AA) he defo isn't prioritising on what's the quickest return.
Re the Chinese that may well be the case I'm not forgetting that's my point exactly. No other bids or discussions can be entertained during the AA exclusivity. Hence im saying personally I'm expecting a deal after.
In terms of the the quote you asked about it's a joke referencing the Godfather film lol. I'm basically saying while I believe he will wait to be able to have a bid situation after exclusivity he may entertain an offer from AA during it. But it'll have to be an offer he can't refuse i.e. a great offer. The horse's head is the give away link to the Godfather film and offer he can't refuse line.
Hope that clarifies.
Regards
Now your so correct i think many have not given the chinese a thought...hard to deal with but in a situation such as this things could get very interesting....well lets say exciting
Exclusivity Agreement?
The legal definition of an exclusivity agreement is a preliminary agreement entered into between the buyer and seller at the beginning of a transaction for the sale and purchase of a asset. This will usually cover a timetable for the supply of information relating to an asset, a timetable for the buyer to raise enquiries and an obligation on both parties to instruct their lawyers to come to a deal. Agreements such as exclusivity agreements are used to try to ensure that the other party to a prospective deal negotiates solely with the client for a period of time. They aim to give the client some protection from another party outbidding him.
Really rather simple what is going on with Anglo, please DYOR, come to your own conclusions, it’s my humble opinion that negotiations for the sale are already ongoing as we speak and have been hence why earlier in posts I believe before the Exclusivity agreement between Anglo and ARC was reached a preliminary number has been discussed with the ARC board relating to the sale. Join the dots, during this Exclusivity period given Anglo have an agreement why would they wait to the end of the agreement to make an offer to enable further bids to be made from for example the Chinese and other interested parties, NVS can talk about other majors etc being interested but the reality is he is negotiating with Anglo in terms of a price. While we can walk away from offers at the end of the six months as poster point out it’s my opinion if that were going to be case NVS would not have entered an exclusivity agreement in the first instance. Join the dots guys.
Yep I'm liking that Thefuturetruth
Fukurokuji,
Thank you for the explanation. I too have seen Godfather film with the horse head in the bed. AA are not the mafia.
The AA exclusivity agreement IMO does not put ARC in the position the have to accept an offer. To me if AA do make an offer it will be based on all the data. I have the opinion AA will be doing the hard work by compiling an offer. That information when ARC know what the final offer is of immense value to ARC, which they can accept or decline Those are my dots joined. Time will tell...
ATB
Thefuturetruth, You're for some reason trying to twist my words. I'm NOT saying anything about walking away.
I'm not excluding the outcome that a deal with AA may be done within the exclusivity period, as per my comments, and don't need a definition.
Of course they (Arc and AA ) will have had and continue to have meaningful transactional discussions with each other.
I'm simply saying Nick will do what's right to get the best offer. As he said in the conference no need for a fire sale, it's step by step.
If the AA offer is mega he may well accept it and I'm well up for that, but he said himself he isn't obliged to. If he thinks having a competitive bidding situation with of other majors, Chinese etc will get a better result he will do it but can't until after the exclusivity agreement i.e. if Anglo don't make the right offer.
Either way we are splitting hairs here and I'm not sure why. Im totally open to the fact a deal can happen with AA at this time. Despite the fact you won't entertain my viewpoint lol. Ultimately I don't care as my overriding point is Nick is aiming for the best deal not the quickest deal.
If it's 6 months or 6 weeks, with AA or with another, it makes no difference at all. We're invested as we believe it will happen.
End of
I'm not sure why people seem offended by my posts and opinions. You all seem so obsessed with it having to happen ASAP and with AA.
The Godfather reference was a joke about the fact I agree AA deal may happen sooner if it's a deal Nick thinks he can't refuse. Not that AA are mafioso lol.
Without stomping over old ground my last post states my view which is well balanced in my opinion and doesn't rule out any possible outcomes. It's simply saying there is no rush and Nick will work for the best offer not the quickest.
Jeez
Nice to hear some really positive feedback from holders. Only the majors will be able to buyout the assets. What is definite is that Tier1 assets are being bought out, around the world. As looming copper supply deficit is ongoing. Hopefully we get a good deal, and everyone makes a good return on their investment. Next 6 months are going to be the Business end for Arcm.
I am with Thefuturetruth on this because I find his/her logic and insightful argument flawless. NvS want the company to be taken out. Why would he tie up the company for 6 months, thereby shutting out other majors, if he didn't already have a figure which he is happy with pending completion of the DD? I wish to sell my house and so I put it on the market. I am not going to shut out potential buyers by agreeing with 1 unless I have high degree of confidence that I will get my asking price from the buyer I am tied up with. Can AA be gazumped during the 6 months exclusivity period?
Yep Nick will most certainly have a figure in mind and AA may well meet it.
Having AA on board now is beneficial either way as they have background knowledge on the assets (having previously owned them) and we also get the benefit of working with them going over the geology etc on their account so we get added expertise and input for no cost, with potentially a nice deal at the end of it.
Anyway let's move on now as no one can be proven right or wrong or change the outcome ATM. We all agree we have multiple amazing assets, with a solid commodity, and we anticipate we will sell this for a fabulous profit for everyone who is invested.
GL all.
I get the impression that AA know what may be down there and will want to try and wrangle an early deal at a reasonable price before we start getting too many great results in and kick off a bidding war.
Look at the spread .I have a feeling even if aa offer £1 a share thr spread will be 5p v £1