Armadale Capital Share Discussion Threads

[jsd71] 25/10/2023 15:32

The derampers here won't like todays action.

[colinmc1971] 25/10/2023 15:29

Maybe news about to drop?

[andyview] 25/10/2023 15:26

open market buy limited to 30k

Not much about it seems

Gla

[dragon35] 25/10/2023 15:19

Turkey voting for Christmas. You will likely get what you vote for so good luck. I see a better way and if the chess pieces can be organised then it will offer an alternative to simply waiting for the current team to regain focus. Remind me what the capex estimate was modelled at p90 p50 or better? Every $ extra in capex hits your EPS and the cost savings you talk of are a nonsense - do you honestly think they won't be charged for using another parties infrastructure?

[andyview] 25/10/2023 15:19

The start of a recovery imho

Gla

[andyview] 25/10/2023 15:15

Few more buyers back in here, took the opportunity to add a few myself too

Gla

[cocopah] 25/10/2023 15:13

Mensa155 … you are entitled to your opinions and you can be as derogatory as you like when replying to my posts but have the manners not to mention me when you are having an argument with somebody else who disagrees with your views.

[mensa155] 25/10/2023 14:53

Wow dragon you really get quite emotional. I asked you to substantiate the "at least 50%" statement and you now say less than 50% so your original statement is misleading.
Is it the UK TPI you are using? If so then probably incorrect numbers anyway. Even if it wasn't you are still in the realms of guessing until the DFS gets updated.
You also fail to take into account areas where acp will make a cost saving, which I mentioned, this will have the impact of lowering the headline rate that you stated

At no point did I say acp would pay it back in 1.5 years. I used it to show that the increase in interest rate will not make a great difference due to the fact that they will be paying it back over a much shorter period than let's say a BKT or like the disaster of HZM.
Honestly you pick and choose numbers and comments just to suit your narrative rather than putting forward a balanced argument.
I suspect I will have a long wait for the EGM as words are easy. If you ever get there I will be voting for MB and NJ.

[dragon35] 25/10/2023 13:34

Have you checked it to see what they allocated for inflation? It's now 3.5 years later and the TPI has gone from 180 in the year 2020 to 260 by year 2024 which in my maths is not far off the 50% suggested. There are plenty of articles stating how the cost of labour and power shortages are driving prices higher and oil is now $90 but was nearer $60 back then so I am fairly sure capex will be a lot higher. Your comments about 18 month payback are nonsense as that isn't how international finance works! You don't just pay off all the debt within 18 months. you hold it longer as usually a minimum term as part of the package and then secure either refinance options or payoff with amortised debt etc rolled up.

[amtech1] 25/10/2023 13:30

Fat fingers 10/10/22

[amtech1] 25/10/2023 13:29

For comparison BKT updated eDFS a year ago (10/10/23) Capex was up 58%

[mensa155] 25/10/2023 12:16

Last time the DFS was updated was June 2020!

[dragon35] 25/10/2023 09:48

One such article showing 20% increase in 2919 and compounded you will see it's actually higher in 2023 than my 50% but I guess you did your research and believe differently so you keep your head buried where the real world won't affect it https://www.mining-technology.com/comment/mining-capital-expenditure-2023/

[dragon35] 25/10/2023 09:45

It's called a concert party where you collectively hold 5% or greater to then requisition the management for an EGM. The EGM will propose new management and a strategic partnership with a well know consultancy (that has access to a funder) that can actively move this forward with their expertise. The funding can then be put in place via the small South African fund with CP's linked to drawdown. Alternatively we can just sit on our hands and wait and wait and wait. Look at the tender cost indices for plant and equipment and you will see that capex has moved substantially and debt in small African projects has risk coupon in excess of 15% now so do as you will but I'm pushing for change while you sit on your ass.

[goodday1] 25/10/2023 09:20

hTTps://uk.advfn.com/cmn/fbb/thread.php3?id=40349439&from=159#firstpostFrom a year ago!How long do we give this useless BoD to pull their finger out?Another RNs, another 6 months of watching the weather station, another year of silence and drift while they are getting paid to do FA?Come on guys? When? Gl all

[amtech1] 25/10/2023 07:26

This management are liars

[mensa155] 24/10/2023 18:48

Dragon, how altruistic of you to push for change and see the project managed properly. Could you share with us how you are doing this? As all we see is you moaning and groaning about the management.
With regards to your earlier post it's a bit like Cocopah's, devoid of all the facts so that it suits your narrative.
Yes interest on debt has risen substantially however when you couple this with a 1.3 year payback once in production it is really irrelevant.
Yes the CAPEX will have risen too however i would be interested to hear how you came to the "at least 50%" figure (sounds like a cocopah "fact" a total guess).
You also fail to take into account the increase on the very low basket price for the product, the saving on infrastructure, roads, hydro electricity power lines (which BlackRock will be doing the heavy lifting on). No need for the expensive diesel generators now going to be replaced with cheap hydro electricity.
Sadly I believe that the Mark Twain quote might apply to you too however you might surprise me!

[dragon35] 24/10/2023 10:39

I am here to push for change and see the project managed properly. Can't do that if you blindly follow management that have delivered zero. I believe the project is worth multiples of today but management with nothing. I make my own decisions about buying and selling but thanks for your constructive and useless advice.

[jsd71] 24/10/2023 09:34

Sell up leave then if you have no confidence.

[cocopah] 24/10/2023 09:25

Unbelievable that people still keep ramping this share (almost as if it’s a telegram group!). Even after the retaliatory news emanating from China, this is now back to its freee-fall. All graphite stocks were bound to get a lift yesterday from the news but only those where there is some life are likely to benefit. Glad to see that some posters recognise the shambles overseen by Matt Ball and Nicholas Johansen.

[dragon35] 24/10/2023 09:16

The news told us that they monitored the weather and quite literally nothing else. Asset sale or new management would be the best news here. MB is devoid of personality and the ability to get this over the line. in a low interest rate environment with low capex they failed and since they been watching the weather the cost of debt has more than doubled at and the capex will be at least 50% higher so I fail to see what value they are adding.

[goodday1] 24/10/2023 07:05

I think someone has lost more than his cool among all his failed buying.Only invest money you can afford to lose.Trot back to your thread & you are stored under the ignore button.Better luck at the next share, son.Gl all

[the count of monte_cristo] 23/10/2023 15:18

It won't be goodday buying as he is skint.