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Mid May is only 8 weeks away jh2704 !
We need to have the mine plan and finance sorted now !
There is no immediate rush for news saffetrader the mine build can only start in mid May after the rainy season finishes. So Matt has 6 to 8 weeks slack in his timeline to get everything aligned.
I agree if there is no news by late April we might have significant delays but until then I personally am switched off to the sp. it will get chased up on the whiff of news
Or MB can do his job as CEO for the next couple of years and get the mine into production and sell then. What Would the sale price be then. 15 pence a share, 20 pence a share.
So even at an extra 10 p on todays price that’s over £5 million. Not bad for a couple of years work.
AND DO SOMETHING !! SOMETHING POSITIVE TO MOVE THINGS FORWARD - RAPIDLY !!!!!
If he sells his 2 2 pence warrants ;slowly he could make circa £150k
For every penny rise in the Sp, MB will be richer by £ 533737.65
Now that’s an incentive
was just about to say same, ATD. News comes when there is news!
Block buyer had to up their buy rate when that RNS landed.... Nice 250k at 4.385p into close shows the importance of seeing a director with decent skin in the game is to some and a good reminder to the market how much MB has at stake here. He can't make a decent return until we do....
Just highlights how silly the comments were.... Whether intentional or believed.
and the sp goes up about 5%. When news hits and the buying frenzy starts, this will explode. Does not take much to get the sp moving.
This is a good news to doubters of Matt's holding!
He never sold any
Armadale Capital Plc (LSE)
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Share Name Share Symbol Market Type Share ISIN Share Description
Armadale Capital Plc LSE:ACP London Ordinary Share GB00BYMSY631 ORD 0.1P
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-0.05 -1.22% 4.05 4.00 4.10 4.10 4.00 4.10 2,004,313 15:26:45
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17/03/2022 3:20pm
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RNS Number : 1838F
Armadale Capital PLC
17 March 2022
Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company
17 March 2022
Armadale Capital Plc ('Armadale' or 'the Company')
Holding(s) in Company
Armadale Capital plc (LON: ACP) the AIM quoted investment group focused on natural resource projects in Africa, announces that following the 11 March 2022 notice of the exercise of 7,852,273 warrants by Director Matt Bull to subscribe for ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares"), Mr. Bull's enlarged shareholding in the Company is now 53,373,765 shares equal to 9.74% of the issued share capital in the Company.
TR-1: S tandard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible) (i)
1a. Identity of the issuer or the underlying ARMADALE CAPITAL PLC
issuer of existing shares to which voting rights
are attached (ii) :
-------------------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
---------------
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights X
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An acquisition or disposal of financial instruments
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An event changing the breakdown of voting rights
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Other (please specify)(iii) :
I'm sure he'd like a good return someday!
Chinese 1-2years ago would have stiffed us offtake and finance, I'd suspect now their is other Asian, EU and US interest in offtake and finance. Deals this year will be much healthier than we'd have got in the lithium/EV dip.
Good things comes to those that wait.... Potential deficit this year and most market players defo think deficit in 2023. Built and producing I'll sit and double my money at the very very least.... But I suspect much more. The ISA has time on its side.
And how much money would Kabunga have made selling into that type of update with no real advancement? I'd rather he kept things close to his chest than post drivel like BRES until it can make a big difference.
The EV narrative has changed a lot, the graphite space current and future predictions has changed for the better, hopefully NPV will have increased on a better basket case even with Gov cut applied and maybe the project has got bigger in DFS, so discussions would be changing all the time risk/reward changing etc. Maybe we can get some prepayment changing the finance profile. I am sure there are a few parties either interested or involved together, best one changing as all the above changes...... That is why nothing has been declared, until its agreed there are a lot of changing factors.
3rd sept 2021..... rns ..... nothing on either finance or offtakes in 6 months .... not unreasonable to be looking for clarity in that time line .....
Armadale continues to make progress in other crucial workstreams and as previously indicated, we are making positive progress in development funding options specifically a debt package for the project, the Company is also currently in discussions with a number of potential finance partners; we are hoping to be able to announce some further progress with regards to these efforts and also with our offtake discussions in the near term."
I've been heavily invested in acp for 8 years now I'm certainly not looking for a quick turnaround. But to be left effectively hanging since licence it seems poor to me and the wording of rns's leading up to the licence were very much suggesting it would come on the heels of the ML ....
Rns is one form of update ... other general marketing interviews or more twitter to give a sense of what the company is doing is surely not to much to ask for
Here I have some finance news..... They are in discussions about finance subject to the completion of all other things.... Sorted for you.
Errr see HZM, EML, BKT to name a few.... What could they possibly tell you about Finance that won't complete to the end!
I'm sorry you are not doubling your money on AIM every month..... And CEOs can click their fingers and make the world turn faster....
Not looking for news everyday but 6 months after license and no finance news that was being progressed for 6 months prior to that is pretty disappointing
I don't know what people expect..... You can't have drilling news, assays etc every day of the week. So desperate for news they want pictures of a bulldozer moving soil....
This is nit an exciting time thus is the waiting for things to fall into place. The company no longer controls the output in that all advances now rely on timing with other outside influences. The Gov, offtakers and finaciers. They will come in an order and that order relies on something to happen first before the next.
Don't underestimate we might also be in a queue for advancement, the country looking BKT over the line first.
Since ML we have had to update DFS, thus i am assuming was a fairly substantial update, costs have gone up, basket prices gone up, maybe mine expanded/LOM and sharing of services/improved ESG with BKT. (if we want hydro power from the start we need BKT!) Hydro power will reduce opex and improve ESG, worth waiting for? Yes it is.
In that time things have moved enough we have a mine manager full time and very experienced, he has instigated the early works on site, we have been granted and have support to expand our footprint from Gov by being allowed to apply for additional areas whilst BKT are giving some of theirs up. They have plenty to be getting on with. DFS is probably complete if we have taken it to the Gov for approval and their agreement to partake (this is out of our time hands) whichvince agreed gets fed into the DFS calcs and we get to know about it. MB has put his hands in his pockets for £172k which is either mad or genius idea given some whinging here. Seriously think he would cough that up if it wasn't going somewhere?
We would all love progress but I look around AIM and there are loads of shares WAITING for lots of news with incensed holders demanding it more often. MB is not a lifestyle director on $300k+ a year like many whom delays just line their pockets in AIM. His return will come from building and probably selling to Chinese a few years down the line.
Waiting is the single hardest thing to do when investing and at the end it is slower to news than the start with lots of things to do and progress.
Interesting share, and responses to it.
I have been gradually adding, but it does seem news is hardly bountiful & forthcoming at the moment tbf.
The rise out of the high 3s was not much more than Wasa putting his hands in his deep pockets , plus a few of the rest of us taking advantage of the drop to the 3s to further average down it simply struck me?
Clearly only takes a bit of buying for the MMs to move it up a bit. But the reverse is also true when that dries up, and or the seller is back in town.
Seems that without news it just ossilates in the mid 3s to low 4s for now,& despite some frankly silly calls on these boards that 10p is on the way after a small up move.... Emmm .. purely wishful thinking for now it seems. I think it's going to need some proper progress news for anything approaching that?
I am patient and happy to build a small, but growing position here and just await events. But can understand the frustration if you have held here for several years. Does seem a bit of a "sleeper" in all senses :-)
Cheers.
BOD still sleeping? Time they woke up. Licence was 6 months+ ago. Mine manager employed so is there work on site? I know we're only shareholders but shouldn't we be able to see what? They have cameras on phones now. We were told in the plans for an extension that they have a bulldozer. We read of warrants continually. but what is happening on site? From the newsflow, precious little and reflected by share price. This is not the only Graphite on earth. Look at GROC. They're ambitious and in a hurry and have Ilmenite as well and plenty drilling. Of course we have 1.5% of a tiny goldmine sales too. What did we get for it? After all this time, a pathetic performance
1. There was an RNS regarding MB as a director taking up warrants
2. He is not UK so does not have to report crossing 1% increments, but 1. is plenty to notify market
3. No there is no need to RNS exact warrant exercising if NON director. This has been done over the last 6 months several times and the RNS is a 'Block Listing' at the start of a month. I would expect one latest start of April.
4. However, maybe given the imporance of a warrant threshold being crossed it may come forward, though I suspect paperwork entered to exercise warrants and money arriving are two different things. Until the money is received and paperwork released of exercise they remain unexercised. This could take a week....
5. At the very least the block listing will show MB taking his and have to explain the result of the others whether taken or not.
Shouldn't there have been an RNS informing the market of Matt Bulls increased holding?
More importantly though, why hasn't there been another RNS regarding the other warrants? These expired on the 12th. I stand to be corrected.
Surely, anybody with half a brain would exercise and sell, if necessary?
ACP would have to release this warrants information, if they had been exercised.
Does that mean that the warrant holders have lapsed their warrants? However stupid that may seem.
added just under 200k shares again today.
news cant be far away.
GL