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Arras Minerals Corp. V.ARK

Alternate Symbol(s):  ARRKF

Arras Minerals Corp. is a Canadian exploration and development company. The Company is advancing a portfolio of copper and gold assets in northeastern Kazakhstan. The Company’s assets consist primarily of the option to acquire a 100% interest in the Beskauga property in Kazakhstan and conducting its operations through Ekidos Minerals LLP (Ekidos), which holds exploration licenses for properties located in northeastern Kazakhstan. The Beskauga project is located at 350 meters above sea level and sits within the Central Asian Orogenic Belt in northeastern Kazakhstan. The Company also holds a Tay exploration license (Tay). The license covers 118 square kilometers in northeastern Kazakhstan and is located within the Bozshakol-Chingiz magmatic arc, an under-explored emerging porphyry province.


TSXV:ARK - Post by User

Post by Heywood_Silverson Aug 13, 2022 2:35pm
262 Views
Post# 34894169

This PoS has lost almost 90% of its value in two months

This PoS has lost almost 90% of its value in two monthsArras debuted about two months ago with a USD equivalent price of $1.07.  Fast forward to today and the OTC closing price is down to 11 cents USD.

These shares are almost so worthless as to not even bother selling them.  This is nothing more than a lottery ticket if at some point in the future management can offload "Barry's boondoggle" onto some other developer.

The only saving grace here is that with a zero basis, I literally cannot lose any money holding these shares indefinitely.  Of course, we've taken it in the rear if you're a SVBL shareholder!!
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