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Blackrock news will only take it so far, MB has to pull his finger out his orifice now.
Will not go through this 1p level just now.
True that, went all the way up and came back down again. Like this recent move up on positive developments for the region, should see a sustained improvement in the price.
Anyone who bought in around 0.6p will be thinking ACP is the doggies.... lol, the irony for us LTH :)
There was a trade went through the exchange at 9am - that hasn't been printed. Probably turn up as a late trade sometime. Bid has just ticked up again slightly.
Yea good to see the buying continue, I’m not convinced we are getting the full picture on buys passing through.
Edging upwards again today.....
We should have no doubt that POSCO will make a move to our asset as well. Our big movement days has not even arrived.
Wasarunner another four more.
1 Sorted out the 16%
2 Sorted out the finance.
3 Moved the bulldozer.
4 A leak on any of the above.
I have three theories, neither of which might be right:
1. If you're a chartist, we've reached the fourth inverted quadrangle formation pattern which means an imminent rise to 3.4p followed by a drop to 0.2p as long as the forthcoming bank holiday is a blue moon or....
2. If you're watching Blackrock after 2-3 years of 'we'll have our finance deal next week' you actually believe them this time as $113m odd subject to term sheets is quite a big number or....
3. 0.6p or whatever we dropped to $5m mcap is too low for the asset and cost of development for Armadale for Mahenge.
Of course it could be none of the above and just bored PIs buying/selling/speculating but ever was it thus.....
Something brewing ?
Posco's $40m stake is likely to be equity:
https://www.mining-technology.com/news/black-offtake-posco-tanzanian/
And Posco have already taken equity
For Black rock mining, does this mean that they have financed their model 1 totally by debt and not though any placing?
Outdated numbers JSD
Still sub 5M mcap here and next door have like 200m funding some value here for sure, let’s get talking to posco
Another $40 Million from a Tanzanian Bank:
https://hotcopper.com.au/threads/ann-approval-for-us-40m-in-new-debt-facilities-from-crdb-bank.7906200/
Great news for the region, and to be completely honest? It's pretty damn smart of Armadale to allow someone else to front run and pay the $50 Million in infrastructure costs.
Let's see what this week brings!
But Blackrock are progressing their project whereas ACP are not. Something has to change here.
Tanz gov are notoriously slow. ACP clearly underestimated the speed of progress.
Until the Tanz government pull their finger out we can't progress. Regarding the 16% stake.
Comparison -
Blackrock IRR is 36 percent
Blackrock TGC (total graphite content) 7.8 percent
Module 1 Capex $225 million
- - - -
Armadale Capital IRR 91 percent
Armadale Capital TGC (total graphite
content) 9.8 percent
Capex $40 million
Acp is tremendous value, a no brainer.
It’s most welcome Ceri, MB must be most pleased with his work to achieve that size rise.
The shares rose about 20% yesterday. Does nothing please you, Amtech. It is quite a big rise !
Dan, they spent nearly £600k for that profit
I’ll lift my mood when MB starts earning his money.