The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Glengarth and CC - thank you both for your responses. The points you make very much reflect my thinking, including the funding situation at Bres (but it does have a ridiculously low mc given the resource it has, so it might well be accumulation time there right now). I'm confident that Bres will come through eventually, but ACP looks like the more imminent opportunity. Might have to overlook the lack comms /presentation and focus instead on the RNS updates which have been more regular.
Hi Legalwolf and ****ney,
I actively follow graphite co's across the world, TGR my UK favourite but different kettle of fish. Between BRES and ACP i'm invested in ACP given the stage it's at and am following BRES closely. There's no doubt BRES has a world class deposit but I worry about the distance to port having an effect on the eventual opex, but more importantly I don't see how BRES won't have to have a fairly significant fundraising in the near future to power through the studies and keep the ball rolling. Happy to be proven wrong but I am waiting for that post raise opportunity at BRES before committing. For now and going forward i'm happy with what I have in ACP which is in a sweet spot atm.
Hi Legal wolf
I am in both. You have pretty much summed up the Blencowe or Armadale conundrum. Similar potential with The former just a year or so behind. That is of course reflected in the mcap being 3 x more here. The next door that ACP have to get through will be harder than the next few for Bres.
Muck I think it will be a condition of license-anyone know what happened at Blackrock?
An interesting thread, but wonder if I could go back to my original question (which is not a deramp!)
Does anyone know if the FCI issue has to be resolved prior to the ML grant, or can it be resolved afterwards?
TBH, I can’t see the difficulty in just doing what PEK did and create, or undertake to create, a subsid to hold the licence with the govt granted 16% interest in it. But then I’m far less clued up than others on here.
When there's actually news to report they will do so via rns. We know the licence is very close so it's simply a waiting game, either buy cheaper now or wait for the licence to drop & pay more.. Take your pick. I'm sure when we get the license marketing & communications will also improve.. All hinges on the licence rubber stamp to start the next phase which will be in the companys hands then & not beholden to the tanz gvment.
I do recall RNS's where the company advised that shareholders would be regularly updated on the progress of the ML. Don't really think that has happened, has it!?
Aimtodeath - clearly talking out of your behind, "So anyone whinging had the wrong expectation to start with."
The (expectations) were given to investors by ACP! If you read the thread the last few posts mention this and not just 'whinging' as you put it.
"If you look at any MLs on the portal the least is about 8 months but many are a year and over from submission to signed off." - So exactly why did ACP state Oct 2020 and blatantly lie.
Stop harping on about the background seller. The SP is not being supported because nothing is driving upward momentum i.e. news. You can't tell me Matt or Twat had some super persuasive powers where he could circumvent a lengthy process and deliver a ML in a matter of months?
Thanks for your response BwanaMakubwa - much appreciated. You make some very helpful points for me to consider. The problem is, new investors will not really know the history/explanation that you have just set out? I don't think updating the presentation would cost that much, or doing some media interviews. To not have anything in 12 months is not good at all. It gives the misimpression that the company is inactive right now. Anyway, I'm currently mulling between ACP and Blencowe. ACP are clearly more advanced (but poor comms is creating uncertainty for me) but I think Blencowe have more large/jumbo flake graphite. Is anybody invested in both and how do you rate/rank them?
You make a very good point Legalwolf, there is no doubt marketing and comms have been poor. However, ahead of the ML the Company really has been run on a shoestring. MB and friends and family own 20% plus of the stock. They have done their very best not to uneccesarily dilute share holders as they know they are sitting on one of the world's highest quality graphite mines and want to maximise shareholder returns. They currently have just under £2m liquid assets on the balance sheet, so are well financed once ML drops and given the relatively low capex required main funding will take a comparatively short period. Expect marketing and comms to improve significantly following the certainty of the ML news and good luck should you decide to invest.
This is a link to the company's website and its 'media and presentations' section. You can see for yourself how woefully out of date it is. Nothing for a year in terms of media etc. This is an area where the company needs to up its game, as it is disconcerting for potential new investors like myself to research what looks like a really good company and then go on its website and not be able to find up to date information. Gives the impression that they are not bothering to update their website and that's not good whichever way you look at it. Not ramping or de-ramping but a statement of obvious fact. All IMO
http://armadalecapitalplc.com/presentation
Anyone that thinks that a mining licence is a quick and forgone conclusion in Africa needs their head examined!
One post EISA we are still in the middle of a pandemic with no doubt a large back log in ML applications needed passed, were they even meeting at the time.....the time also coinciding with the death of their President. Takes a while to get back to normal etc etc. If you look at any MLs on the portal the least is about 8 months but many are a year and over from submission to signed off.
So anyone whinging had the wrong expectation to start with. Kabunga has hit investor confidence because rises are sold into each time and it is well documented that he was and is selling....which it is well known the cash calls needed serviced on another company and he is selling none here at a loss so no biggy for him.
When the licence drops those that got bored will rue the choice unless they have managed to sneak a few winners inbetween and come back richer.
What is galling is that on the 30th March 2021 it was announced EISA approval from NEMC of Tanzania had been granted as the final step prior to submission to the Dept of Energy and Minerals to complete the ML application process. Four months on this simple administration action still to be completed. Why so long ? We are told the country is crying out for inward investment but who in their right minds would place orders for long lead items without an ML. The country is the architect of its own misfortunes if it cannot get its own act together. Conversely are we the shareholders being kept fully informed ? The whole process does not stand up to close scrutiny nor is it transparent, when so many are having misgivings about how long it is taking to get the ML.
Muck-165 - FYI It took PEK over 16 months to obtain ML.
ACP submitted 16th June 2020! with a view it would be though October.
Like anyone I'm extremely frustrated. MB has really been misleading, going to monitor with a view to pull out the share unless material news gets issued soon.
Lol Tallyhoe!
At least some buy responce to falls,as before down only
Tallyhoe, That's not how MCAP works???
That should have "it's not ramping or de ramping by us."
it's ramping or de ramping by us, it's the market capitalisation, it was down to £20m lowering the share price to 3.9p then yesterday it went up to £21m pumping the share price up to 4.1p but today it's miraculously back down to £20m lowering the share price back to 3.9p
I don't see how ACP can make and spend £1m in a day. So is someone manipulating the market, playing silly buggers, incompetent or was it just a genuine typo!? Or indeed, did ACP make and spend a Million pounds in one day? All I know is that this one day alteration of market capitalisation cost me money that I very strongly now believe should not have been. Any thoughts anyone?
Witj the lousy pr you'll probably pick up more nearer two pee !!!!!
Plenty de-ramping today so thanks for that managed to pick up more under 4p
I made the point a few days ago that there is no media or promotional work being done by the company. I have been interested in investing here, but the lack of updated presentation, media coverage, etc has made me think twice. How are they expecting new investment, when they can't even be bothered to promote it to potential new investors and update their presentation?
Lack of volume is down to people getting impatient. They promised timescales of October before elections.
Almost a year later nothing, other than posting stupid commodity prices and statistics of long term growth in sector.
Matt needs to pull a rabbit out of his hat and FAST.
Thanks for replying Bwana
Re Kabunga, the risk seems to be that we get the ML and he just sells into the news. So people may decide to buy in after the news rather than in anticipation of it. That might explain the lack of volume recently.
Thanks for your posts below Muck-very interesting. I have always just assumed that on issue of the ML ACP will be obliged to hand over a 16% economic interest in ACP to the Tanzanian Government.
This always seems to be tricky issue in Africa-witness what has happened in Burundi to Rainbow and several other rare earth miners where exports have been blocked by the Government who do not consider they are getting a fair bite of the revenues generated and are seeking a renegotiation. Back in TanzaniaAcacia Mining had a huge debacle with the then Magafuli Government over taxes etc about 7 years ago and eventually had to be rescued by Barrick.
However, MB is fully aware of the rules and I think will comply 100%-after all 16% is pretty fair really.
Sorry do not know much about the FCI process except that it is long and drawn out. However, I have no reason to disbelieve some of the comments on here that we are now just awaiting the formal and very extensive paperwork involved.
Personally I am more concerned about how many more shares Kabunga still has-I hear he is down to just a few million now, but still has plenty of warrants (which at least bring money into the company).