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For all I know he could be 150 years too late for the silver mine wasa, anyway you know my take on why I don’t like him so I won’t go into that.
Dee £3.5m of his own money are you sure? His average must be massive.
I have a choice and I had a choice. If I had my time again would I have put into AIM? Of course not, and I put that on the HZM board, as a parting thought. Now my choice is to wait it out (here) and see what plays which is why I'm here. I have a choice today, to sell, I could sell my shares. I can't sell shares in GRL (because it's suspended) and I already sold them in HZM (because it's toast).
The thing I still don't get is why people hang around if a. they're invested and underwater and don't believe in mgt. Just sell surely and move on? b. not invested but like to offer others advice on boards i.e. the famous djryan approach it gets really tiring real quick because people love it when you go around boards telling everyone AIMs an itshow and steer well clear or c. really not sure why you post Amtech you obviously don't like the guy so do you stay invested/sell/buy more? Obviously the silver mine might get developed imminently then we're all screwed because that could take 3yrs+
GRL - Remains to be seen
ACP - Progress unfolding, and let's watch it play out.
I too partook in the placing. It doesn't make sense not to when we're seeing progress.
As for HZM... I'm sure I told everyone I could dozens of times to steer clear.
MB is putting his money into ACP, with around £3.5 Million of his own money in total invested. Jeremy Martin took OUT around £8 Million over the years in HZM.
It's relatively simple - If Matt Bull Fails, we fail. If Matt Bull succeeds, we succeed. I really want to see more details about this project. Grades, ore, etc. Then we can all make a fair assessment.
Peter Major is an EMPLOYEE, right?
Are you asking why an employee is selling a project?
I'm not sure what point you're trying to make, but I think you should just come out and state it.
Doesn’t look like you have a choice wasa, aim casino at its best.
>>GRL - suspended 10 months, nomad resigned, now placing at 1p, which is >50% discount to the suspension price, to stay alive. No guarantees it will do so.
should have read auditor resigned. Always good when your auditor resigns it means things are going well usually.
Good or bad to be said about every company but here were my three great investments from around 3 years ago, similar weight, I actually have most by £ invested in ACP:
HZM - now worth 1% of what I paid, CEO went with 7 nearly 8 figures taken out, paid in 0, company about to disappear
GRL - suspended 10 months, nomad resigned, now placing at 1p, which is >50% discount to the suspension price, to stay alive. No guarantees it will do so.
ACP - soft pedalled while Tanz gets its act together (note - Blackrock, for all their great RNS' still producing the same amount of graphite as ACP), company solvent, cash in bank, placing at 10% discount(ish) to fund another near term mine in decent jurisdiction, CEO puts in £100k of own money
Which do I prefer out of the three? Well I'm well down on all three but I know which of the three I might not lose my shirt on. Hence I supported this placing and remain invested. If people don't like it, don't but, or, you can always sell.
GLA
How much has the great MB pumped in Dee?
Regardless of the he has puut in more / less argument, he has still put in £100k. It's not exactly sweetie money levels and on balance is a clear positive.
AmTech,
CEO has pumped in more money than he has taken out.
You can do the maths.
I await your imminent response.
Don’t you like the truth Dan?
X,
https://x.com/armadalecapital/status/1783089969604784439?s=61&t=iGwN06MTvXMFS5Z_VwueBg
Amazed no one seems to know much about this with so much of your loot at stake.
Here's your new pardner.
https://www.iol.co.za/business-report/companies/major-force-989707
Lots of stuff on him. He claims to manage a third of Mark Shuttleworths largesse, for a decent fee no doubt.
So why is he reduced to selling half one of his mines to a tin pot outfit with no development track record for £650k? Maybe it's a snip for ACP or maybe it's just an unviable dream that keeps Peter fed for a year. Bargain or junk? You decide.
Worth asking a few more questions.
Amtech, you don't half speak a load of nonsense.
£100k of shareholders money he pocketed over the last 3 years of doing nothing at ACP.
Armadale posted on LinkedIn
Clearly this project is about near term revenue, which should see less shareholder dilution with Mahenge.
https://www.linkedin.com/posts/armadale-capital-plc_armadale-capital-silver-canyon-acquisition-activity-7188831549172125697-QSuu?utm_source=share&utm_medium=member_android
Absolutely Wasa.
We want to see the details and specifics of the mine - I reserve judgement until this comes through.
The location looks to be amazing - Let's see the actual specifics itself.
I don't know if this data is accurate so please don't invest your life's savings on the back of it but it does appear we are close to Lucky Friday:
Lucky Friday:
https://www.mindat.org/loc-15061.html
(nearest town Mullan 1.6km)
Canyon Silver:
https://www.mindat.org/loc-136378.html
(Mullan 6.6km)
Hopefully ACP releases a prospectus on the mine.
Also very significant is gold & silver prices having some big moves this year. Gold was at all time high a couple of weeks ago which tends to pull the silver price up with it.
Don't know where it is but hopefully it's close to this one:
https://www.hecla.com/operations/lucky-friday-idaho
If it is, this could be our lucky Wednesday....
We need a prospectus and data.
Does anyone have any real info?
Sounds very promising.
"The board believes that the Canyon Silver transaction creates a significant opportunity for Armadale in a safe and proven geographic, legislative and perhaps most of all a rich and proven geologic area of North America. Industries using silver, lead and zinc are well known and continuing to grow with exciting demand fundamentals. Concurrently, the silver, lead and zinc producing areas of North America have been in hibernation or shrinking since the early 1980's until now. Today they are turning to growth, with America's focus on local production and refining of these core strategic metals for energy and related technology. In addition, silver is invaluable in solar panels, certain batteries and electronic components and always as an alternative and complimentary money and store of value alongside gold."
Think you got it the wrong way round. He put into the financing and didn't take out of the financing.
Jeremy Martin got paid a fee for arranging Horizonte's finance deal. Contributed nothing to the finance. Matt Bull contributes £100k here and increases his overall % in the company. Wow what a barsteward. Must really hate the new project :-)
I'm still reading the RNS hopefully we get some more technical data on where it is what it is etc.
Obviously needed a wage rise so another project that’ll never go anywhere £100k into the back pocket, Greg joined the game as well.
I haven’t a clue. 😩😩😩
I invested in graphite in Tanzania.
Now I’m told silver in the US.
Next sand in the Sahara.