Today, #AMRQ has been added to the FTSE Small Cap and FTSE All Share indices.
The auction to implement this is happening today, with the changes taking effect on Monday.
This is when tracker/index funds that need to hold AMRQ (because it's now in these indices) will buy in.
My best guess is that this auction could see volume of around 5% of Issued Share Capital, roughly 20-23 million shares; a potentially significant one day liquidity event, since none of the big tracker-fund managers (L&G, BlackRock etc) currently hold AMRQ and would need to buy from scratch rather than reallocate.
There is some confusion because there's a mix-up between this event and the FTSE 250.
AMRQ has not been added to the FTSE 250 - that's a separate, larger index with its own quarterly review cycle.
The next review decision point for FTSE 250 inclusion is December 2026, with the indicative review published 24 November 2026.
Basically, strap in. 🚀
🔥From a local source (and no blackout on @elonmusk X/Twitter platform, thankfully🤝)
🚨The Anglo team, with Dave Wood, is absolutely buzzing🕺
🚨🔝He says he’s never come across lithologies like this - right up there (and akin) with Sentinel✅
#ARCM 👍
Cont. 1 of 2
Anglo’s commercial blackout in place🤫
💥There is a very real chance (given Anglo’s knowledge) this could very well be (T)he 1 investors have been HOLDing out for😉
🚨Drilling continues - full steam ahead 🚂
WTS🍿
#ARCM👍
End. 2 of 2
1/14
In June, the mining Zambia license concerns pushed #ARCM down to a 1.3p close. Can the first Botswana results really cause the SP to drop below that level given that a second license is being drilled + Zambia Anglo results are as close as they have ever been?
1/3
Well, we should finally be approaching the business end of 2024 for #ARCM.
Botswana results kick things off in the next few weeks.
Zambia drilling having begun in early August should also begin to filter results through from late November if it follows a similar pattern.
#ARCM#COPPER
Assays from Botswana are going to come in before the month is out. Visible chalcocite, and well over half a ton of material at ALS in Johannesburg.
MMG and BHP are also waiting for these results. Drilling is still going - and expected to continue.
Almost there.
A very interesting update from #UFO who have issued an updated presentation that defines the new timeline for the development of the Hancock Project & the conclusion of the previously announced Joint Venture discussions.
It would appear the rumours were true after all. @AlienMetals $UFO
A little bit of buzz around #UFO $UFO @AlienMetals this week with recent positive email shared to the TG group and some other chat groups taking notice. ps I am long-term holder here and underwater but positive long-term.
- Still not a great buy and hold year for anyone holding 12 months as you can see in chart.
- Next RNS is related to JV/Finance news for mining project which hopefully should light a rocket under the SP and get us back to 1p-2p.
- Good entry price now if your new.
- Next price targets would be 0.1980 & 0.336
#Investing #Stocks #Technicalanalysis #trading #LSE #AIMstocks
Share/follow if you like..
@that_stocks_guy@RedditDeluxe@StockBoxMedia@Share_Talk @proactive_UK
$SVM #SVML $SVMLF #TITANIUM#RUTILE#GRAPHITE
Our SPIRAL PLANT has arrived at our processing facility in Malawi’s capital Lilongwe this morning...excited to get the plant set up and ready for action!
On Friday I took a sizeable position in @AlienMetals $UFO
Rumours aside, in the most recent RNS & Investor Presentation (Link Below), Joint Venture negotiations are progressing for off-take & financing of the Hancock Iron Ore Project.
Hancock is a simple, low cost, high grade mineral resource in the safe jurisdiction of Australia🇦🇺. It also has heritage infrastructure nearby & a MOU with the Port Authority already in place.
#UFO recently raised cash & the placing overhang is rapidly churning away making for a perfect storm with much anticipated news in the near term horizon.
https://t.co/BIZOxOXGQP
3.6bn shares traded this week at #MSMN (nearly 25% of the company)
Churning warrants & holding our own SP-wise. I think our trajectory is certainly heading upwards in the coming days & weeks (hugely so in the coming months & years’ #Helium boom)
Have a good weekend all 👍🏻
#ARCM#AAL#ZAMBIA#BOTSWANA#COPPER
Arc Minerals is one of the most undervalued companies on the market. Drilling with Anglo American in Zambia will start soon, covering some of the most prospective copper territory on Earth.
Here's my view.
https://t.co/H911aZz37c
This is definitely worth a listen to understand the HUGE value and opportunity that exists at @sovereignmetals#SVML globally significant Rutile-Graphite project in Malawi 🚀🚀
Great things happening! 👀 👀
There’s a reason @RioTinto exercised their option to invest more!! 😎
Charles Archer had a great chat with Sovereign's Sapan Ghai. It seems clear to him that $SVML is destined to become an AIM legend. Listen now!
Midweek Takeaway with Sapan Ghai, CCO of Sovereign Metals and Charles Archer, long-term FTSE/AIM investor and freelance financial analyst (AIM:SVML) #SVML https://t.co/MiFYK9MfoB
#SVML #RIO #KASIYA #MALAWI
@sovereignmetals@that_stocks_guy