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Results: ARCM

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Arc Minerals – “Surrender of Share Options” announcement = Management Greed Roll-Call Of Shame...

On 13th January Arc Minerals (ARCM) announced that it had “received a formal notice from Anglo Exploration Zambia Ltd ("Anglo American")… that, following due diligence, it is sufficiently satisfied to give notice to conduct negotiations in respect of a commercial transaction prior to the expiry of the extended exclusivity period of 180 days”. On 15th February the company hosted an investor webinar and on 5th March it was “pleased to announce that it has appointed Rothschild & Co as its retained financial adviser, effective immediately”. As the shares rose there has now followed “Surrender of Share Options” and ‘Placing and Acquisition’ announcements...

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