Armadale Capital Share Discussion Threads

[ertugrul] 27/9/2018 08:27

Yes plenty news to comeThis should never trade below 2p

[jsd71] 27/9/2018 08:22

Buys coming in, maybe more news on the way?

[ertugrul] 25/9/2018 18:52

Why price was dropped?

[malc5] 25/9/2018 13:31

Very Encouraging

[jsd71] 25/9/2018 12:11

Search for graphite gathers pace as uncertainties wane - http://www.thecitizen.co.tz/magazine/Search-for-graphite-gathers-pace-as-uncertainties-wane/1840564-4747366-krk0x0z/index.htmlArmadale capital is mentioned in the article. Dar es Salaam. Search for graphite is gaining momentum in Tanzania as the mining sector recovers from uncertainties caused by reviewing of laws for the country to claim a bigger share of benefits.The mineral raises hopes for the country to take part in powering electric cell-driven vehicles which are seen as the future of the transport technology.Demand for graphite is primarily driven by the steel market, but the ever increasing growth in the lithium-ion battery industry is driving demand for both natural flake graphite and synthetic graphite.Graphite's quality as a fire suppressant - particularly in building materials - is also driving demand.Tanzania has discovered graphite deposits in various parts of the country with Australian firms actively participating in exploration and drilling.Epanko, Chilalo, Lindi Jumbo, Namangale, Mahenge and Nachu are among graphite projects at different development stages in Tanzania.The recent government assurance to grant the mining licence to Walkabout Resources Ltd for its Lindi Jumbo Graphite Project is the latest development in the country's graphite mining and the first lice since the government amended mining laws.Several regulatory moves by the Tanzania government in the past years created uncertainty for Australian Securities Exchange (ASX)-listed miners active in the country but they now say the situation is turning around.In July last year, the government introduced amendments to the Mining Act 2010 and enacted two other natural resources-related laws which introduced changes including potential renegotiation of agreements, a required 16 per cent free government ownership of mining projects and the right to acquire up to 50 per cent of mining companies under certain conditions."Of course change of laws has been the major concern in the international mining industry with the uncertainty scaring many off. However I am very proud to say that we have been the most optimistic company in the Tanzanian mining industry since the changes were made," Lindi Jumbo Limited senior geologist Rikard Taljaard told BusinessWeek.The $29.6 million Lindi Jumbo project is expected to produce some 40,000 tonnes/year of graphite-in-concentrate over a mine life of 20 years.Armadale Capital also said last month that it completed a diamond drilling programme at its Mahenge Liandu graphite project, in Tanzania, with eight holes for a total of 489 m drilled, ahead of an anticipated decision to mine in early 2019.The resource project-focussed company said "excellent core recovery was achieved" and pointed out that the mineralisation correlates well to the results of the reverse circulation (RC) drilling programme conducted in 2017.Armadale director Nick Johansen further was recently quoted as saying that all aspects of the development work at the Mahenge Liandu project were progressing encouragingly."These latest diamond drill results, which highlighted high-grade mineralisation in every hole, over wide intervals from surface with up to 67 m thickness, are particularly pleasing and further reinforce our understanding of the geology of the Mahenge Liandu project," he elaborated.

[ertugrul] 24/9/2018 14:20

Ticking up nicely

[jsd71] 24/9/2018 10:02

45 mega factories & rising - There are now 45 battery mega factories driving demand for lithium, cobalt and graphite https://stockhead.com.au/resources/there-are-now-45-battery-mega-factories-driving-demand-for-lithium-cobalt-and-graphite/amp/Production of lithium-ion batteries is increasing exponentially and will drive long-term demand for materials such as lithium, cobalt, graphite and nickel, investors were told at a BenchMark Mineral Intelligence conference in Perth on Monday"In 2015, we declared that the battery mega factories were coming," said Benchmark managing director Mr Simon Moores."In August 2018 there were 42 mega factories built or being built – up from three in 2015."In September that number had already increased to 45. This shows where the investment is going."By 2028 these mega battery factories - such as the gigafactories being built by Elon Musk's Tesla - would need 840,000 tonnes per year of lithium, 193,000 tonnes per year of cobalt, 1.1 million tonnes per year of graphite anode, and 480,000 tonnes of nickel chemical, Mr Moores said.Some 95 per cent of the Electric Vehicle (EV) market and 50 per cent of the battery storage market would be lithium-ion by 2028, he  said.

[jsd71] 21/9/2018 14:21

Next RNS - We're due an update on the gold agreement, & I would think a new chairman announcement can't be far off.

[balbains324] 21/9/2018 13:46

Can't buy more than £2k at a time, don't actually know why the mm's are holding the spread so wide!

[balbains324] 21/9/2018 11:39

I'm balls deep in ACP and have spoke to the directors a number of times. I'm very positive on the outlook here with a 1 year view.....this time next year Rodney!!

[molatovkid] 21/9/2018 10:46

Massively impressed with Johansen....he's grabbed this truly by the balls and turning things around fantastically.

[ertugrul] 21/9/2018 10:25

This has massive upside potential, I personally expect to see 8-10p with a good off take agreement and mining plan on table soon!

[dreamtwister] 21/9/2018 09:49

m/c 4m....303m shares in issue....51 million tons of world class flake,

and my nose has not grown longer as i type !

[jsd71] 21/9/2018 09:09

From today's RNS -Feasibility Study now well advanced with targeted publication in Q4 2018:

[ertugrul] 21/9/2018 08:22

Just bought 55k at 1.38pWhat a bargain

[ertugrul] 21/9/2018 08:03

Excellent rns Time to top up imo

[colinmc1971] 21/9/2018 07:45

Looking extremely promising and likely now. Should help convince any doubters.

[balbains324] 21/9/2018 07:34

Well thats a banger!! Finally they have someone marketing the product for an offtake agreement!

[dreamtwister] 20/9/2018 15:56

apology replace vale with volt,believe bod holds shares.

[jsd71] 20/9/2018 12:27

Dreamtwister,Who's vale?

[dreamtwister] 20/9/2018 11:34

caution to the wind after the r & d vale may put in a hostile bid.

[ertugrul] 20/9/2018 10:19

Enough cash till march 2019

[jsd71] 20/9/2018 09:21

From today's RNS -We closed the period with cash reserves of £394,000. With minimal expenditure this is sufficient to satisfy the Company's present needs for approximately six months. The Company will need to raise further capital to implement its plans for the Mahenge Liandu project. The Directors are actively considering a range of financing options and are confident of securing the funds necessary to support the development of Mahenge Liandu.

[balbains324] 20/9/2018 08:31

They also think they can get the funding to develop the mine.