Armadale Capital Share Discussion Threads

[jsd71] 09/7/2018 18:33

How long though?

[balbains324] 09/7/2018 09:27

Steve did mention it may take longer than expected.

[jsd71] 09/7/2018 07:19

Where's the gold agreement?.. Its about time.

[balbains324] 04/7/2018 16:21

I just tried to buy some more and it wouldn't let me do it in one go. So there's my 2 buys.

[nobbygnome] 04/7/2018 13:44

Yes of course that helped.....but the MMs moved the price 10 seconds after I traded 😜

[skasher094] 04/7/2018 13:09

or the near 350000 i added first thing?

[nobbygnome] 04/7/2018 10:40

It looks like my 200k buy has moved the price 😜.

Onwards and upwards.....

Nobby

[vatnabrekk] 03/7/2018 19:23

Just done a quick review of recent RNSs:
The scoping study was completed by the end of Q2, on target.
Development capex of $35M. NPV $349M.
Feasibility study commenced early May.
FS fully funded to completion, expected Q4.
Expect to start mining in early 2019.

Sale of gold project was expected by end of Q2, so hopefully not far away now.

I'm not expecting a massive increase in share price in the short term, but I'm holding because the medium-long term looks good to me.

[balbains324] 28/6/2018 11:11

Will be here soon still got tomorrow

[jsd71] 28/6/2018 09:30

People expected gold agreement would be announced by now, its been long enough..

[davr0s] 28/6/2018 09:22

Closed out today - given it enough room, but capital preservation is what comes first when shares start tending down. Had a real struggle to offload at 1.5 too which wasn't a great sign either

[balbains324] 26/6/2018 15:01

Definitely not much going on here.

[mawc] 26/6/2018 14:36

Very strange trading range here to today.
The 1.5p trades are buys and the 1.5055p trades are sells!
Doesn’t mean anything of course but there not much else going on.

[neo26] 20/6/2018 23:11

Its positive they wont need to raise more money to complete feasibility study, so hopefully this year no more funding.

[dreamtwister] 20/6/2018 10:03

would of thought with 51mt world class grades off take agreement`s would be signed off and a royalty payment to fast track to production,"graphite"

thank you balbains for update....atb

[jsd71] 20/6/2018 07:26

They need to get it done asap, definitely end of June as they said, or I fear the share price may drop further.

[jsd71] 20/6/2018 07:26

They need to get it done asap, definitely end of June as they said, or I fear the share price may drop further.

[balbains324] 19/6/2018 21:45

I hope they announce by the end of the month but it may take a bit longer.

[jsd71] 19/6/2018 21:31

Thanks bal.Do you think the gold agreement will be announced by end of month Q2 as stated by the company, I understand this is just your opinion? I feel it will be a boost to many to have seen the project through to the end.

[balbains324] 19/6/2018 20:16

Yes I am very upbeat!!

[balbains324] 19/6/2018 20:13

Oh I forgot to mention I also asked why the placing was done at such a discount and Steve answered with the previous broker was subject to some investigations and the new broker has provided support and deemed the price reasonable to raise the required level of funding.

[balbains324] 19/6/2018 20:06

Right, so firstly I must say Steve was a very pleasant man and I appreciated his call back.We ran through the usual intros and he explained to me the position of Armadale as it states in the final report. I don't have any insider information and neither did he divulge any information to me.Few questions and answers asked on behalf of JSD and myself.1. What is going on with the gold project and when will we hear news, why is it taking so long?AnswerThe gold project is still being negotiated and has not fizzled out. 2. When will you find a new chairman?AnswerThe company has a strict criteria for the new chairman and want to find someone within the year hopefully who will have a focus, accumen and knowledge of Graphite market.3. Offtake agreements?AnswerThey are waiting for the feasibility study as that will provide guidance to which markets are suitable and add value to the current project. We also spoke about using the offtake agreements for funding and I emphasised this would be a huge vote confidence from the offtake partners, wether it be a graphite broker or manufacturer, instead of going go the market to raise funds.4. Further placings/dilution, money?AnswerAs they are a small business we are often required to raise funding from the market. As stated in the report they are funded for the feasibility study. 5. Neighbouring Resources and market confidence?AnswerAs they are effectively digging out from the same rock as black rock and kibaran it is a case of time.6. Is Armadale an investment company or a miner?AnswerNot clearly answered but did mention possibilities of mining themselves or outsourcing.7. Would you sell to the neighbours?AnswerWouldn't say no if they offered the right price!My opinionIt genuinely seemed to me that they are interested in driving shareholder value. I felt that Steve answered all of my questions openly and honestly. We also spoke about disgruntled investors from previous years and the gold project being harder to extract than originally anticipated causing the long term decrease in company value. I am now confident about the strategy going forward and will be supporting the company long term.I am an investor here and have a vested interest. Please do your own research and make up your own mind.I have posted my comments for the benefit of all holders. Please don't tear me a new one for no reason!

[jsd71] 19/6/2018 19:22

You sound upbeat bal!

[balbains324] 19/6/2018 17:32

Ok So I couldn't rearrange but managed to call armadale's PR agency who passed my number onto armadale and told me someone from armadale would give me a call back tomorrow as there is a time difference. To my amazement Steve the director!! Gave me a call back this afternoon at 4pm!! I will put alot more detail up tonight but I Was on the blower for 40 mins!! Watch this space!

[balbains324] 19/6/2018 12:50

FFS...gonna have to rearrange everything to see if I can make it