|Armadale Capital PLC
||EPS - Basic
||Market Cap (m)
|Gas Water & Utilities
Armadale Capital Share Discussion Threads
Showing 3826 to 3848 of 3850 messages
|I also got some. Very good opportunity Well done|
|Is it me or are a lot of graphite companies share prices going down
Is there something going on in background ?|
|Topped up at 2.42 but no idea why we are down at these levels.|
|Bargain prices, who would have thought we would see these prices again...I'm holding, has fallen for no reason..|
|Im in with a small holding bought this morning for my pension holdings!
ESCAPE IS IN HERE FOLKS!|
|Stig, the project costs us nothing.......get up to speed man.|
|It's a low grade resource
so for each tonne you dig up you get 1.6g of gold
That's about $60 of gold
Doesn't seem to leave much margin if digging up a tonne of rock costs let's say $30/tonne ? How much would you charge someone to dig that much rock ? Minimum wage at £10/hour ? How about blasting it out with dynamite ? How about digging it out with an excavator ? IT's pretty simple to do a sense check on these things yourself
Take a look at ASA recent results. Hardly make any money from an existing mine digging up 1.8g/tonne gold hTtp://www.investegate.co.uk/asa-resource-grp-plc--asa-/rns/operations-and-explorations-q3-update/201702170700051303X/
Let alone finding $25m for capex to start a brand new mining operation
Also question the NPV discount rate used 8% is very low for a mining operation ?
Would you lend them £1m and accept them only paying you back £80k interest a year ? (with the risk they could go bankrupt and you might lose ALL your capital in the process?). I'm pretty sure you could find a better less risky investment ? How about investing your money in a project where the NPV is arrived at using 10% or 12% discount rate ? that gives you more margin for error ? And why not assume the spot gold price assumption is $1200/oz or $1150/oz ?|
|Mpokoto Gold Project
The Mpokoto Gold Project is being developed by Armadale Capital’s joint venture partner, Kisenge Mining Pty Ltd (‘KMP). The project has a current total mineral resource of 678,000oz gold (‘Au’) from 14.58m tonnes @ 1.45g/t Au at a cut-off grade of 0.5g/t to produce approximately 25,000oz per annum over a nine-year mine life. The results of an expanded scoping study demonstrated a post-tax net present value of US$55.3 million based upon a discount rate of 8% and a gold price of US$1,250/oz.
Results from a Definitive Feasibility Study (‘DFS’), announced February 2016, set out various parameters for Mpokoto, identifying phased processing routes for the project to support low capex development (Phase 1 concentrates on the shallower oxide portion of the resource which will be prioritised for exploitation in advance of the deeper unweathered sulphide ore designated for Phase 2). The technical financial model shows solid economic fundamentals coming from annual mine throughput of 720,000 tonnes of ore over a four and half year mine life from which an average 24,900oz gold per annum could be produced. At a gold price of US$1,250 per oz, the revenue is US$138.6 million from Phase 1 alone. Capital costs are estimated to be of the order of US$25 million, with cash operating costs of US$792 per oz.
The Mpokoto project comprises four mining licences, which are valid for an initial term of 30 years from 30 September 2014. Significant further upside is anticipated with an exploration target of 2.4-3.0m tonnes grading 1.25-1.5 g/t Au, which the Board estimate should yield an additional 120,000-150,000oz Au to the project. Furthermore, the project is part of a total licence area of 800,000 hectares yet to be explored.
Under the terms of the joint venture agreement KMP will earn a 25% interest in Armadale’s subsidiary, Kisenge, the entity which holds the Mpokoto Gold Project, through providing funding and projected related services up to US$1.25m, including incremental metallurgical test-work, refining the current DFS to incorporate financing the project and initial capital works. Collectively, this work is described as Phase 1.
Upon completion of Phase 1, KMP has 30 days to decide whether to exercise an option to proceed with Phase 2 of the joint venture agreement. If KMP proceeds with Phase 2, it will seek to arrange funding to proceed into production. If KMP arranges 100% of the funding, it will receive a further 60% in the Mpokoto Gold Project, lifting its aggregate interest to 85% with Armadale retaining 15% free carried interest. Armadale may decide to arrange part of the funding itself, in which case the 60% stake will be split pro rata with KMP.
mkt is totally ignoring this asset and putting no value to it..|
|Bring it to all, rocket ship on de pad, awaiting countdown.....numbers in soon launch ? pad ready....roll em...|
|Of course its massively undervalued, the gold project is worth the current MKT cap on its own.Sentiments in this stock is not very good at the mo, their is a seller in background, will eventually recover.Not sold 1 share and will continue to hold this stock, I like it...|
|Agreed, still remember a few weeks ago on the placing with a ni-on or was it li-on excuse the pun..full day of buying at circa 3p and the share price didn't move either way all day, wonder what that was all about, we are soon to find out what is hiding out there.....This has got " multiball we all have a sack full" written all over it and sure can reach double digits in the near term alone....Just needs to be confirmed commercial battery grade..then game on.Not ramptastic just have a small holding and would like us all to do O.K here.GLASJ...|
|Massively undervalued atm|
|Let's be avin the graphite then pleaseo, largeeeo, and super largeeeoo...and let's have it in dem batteries for proper value...?News update surely soon on this bad boy and then we can all start making a little coinarge...Nice posh language bit of fun on this sunny Friday....GLASJ|
|Overhang cleared...someone was selling just over a million shares hence the price been subdued for last few days.|
|Buyers coming in, missed that 2.75p don't have anymore funds. People will be calling this a bargain very soon.|
|hmmm.....wtf is going on here|
|just missed it!!|
|Some buyers coming in at this price, massively undervalued. Imho|
|Once a deal announced everyone will love it|
|I have over a million convictions!!|
|All i can say this stock is not loved...
I still believe this has great potential, stick to your convictions.|
|Very happy with resultsGoing to hold and add in every opportunity|
|just grabbed a few more at 3p.....big time undervalued....silly timing with RNS but I'm happy to hold|