Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Started: jsd71, Today 11:44
Last post: jsd71, Today 11:44
Not even a single trade, there must be someone interested. 😩
RNS Number : 2305T
Armadale Capital PLC
20 June 2024
Armadale Capital Plc
('Armadale' or 'the Company')
Investor Presentation Release
Armadale Capital Plc (London AIM: APC), announces that it has published an updated investor presentation now available for download on its website.
The presentation can be accessed via the link below.
http://armadalecapitalplc.com/media-presentations/
Enquiries:
Armadale Capital Plc
Matt Bull, Executive Director
Greg Entwistle Non Executive Director
Tim Jones, Company Secretary
+44 (0) 20 7236 1177
Nomad and Broker: Cavendish Capital Markets Ltd
Simon Hicks / Seamus Fricker
+44 (0) 20 7220 0500
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCURSWRSRUNURR
×
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
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123456789
Date Source Headline
20th Jun 2024 10:00 am RNS Investor Presentation
19th Jun 2024 7:00 am RNS Block listing Interim Review
18th Jun 2024 10:30 am RNS Canyon Silver Results and Update on Subscription
22nd May 2024 2:00 pm RNS Mahenge Graphite Update
15th May 2024 8:05 am RNS Update re: Admission of Subscription Shares
14th May 2024 7:00 am RNS Re-opening of the Canyon Silver Mine Shaft
2nd May 2024 9:30 am RNS Update on Canyon Silver Asset
24th Apr 2024 8:30 am RNS Proposed Investment, Subscription & Board Changes
27th Feb 2024 2:45 pm RNS Mahenge Project Update
19th Dec 2023 11:15 am RNS Block listing Interim Review
29th Sep 2023 7:00 am RNS Half-year Report
20th Jun 2023 10:38 am RNS Result of AGM
19th Jun 2023 7:00 am RNS Block listing Interim Review
12th May 2023 7:00 am RNS Final Results and Notice of AGM
13th Feb 2023 9:00 am RNS Mahenge Project Update
19th Dec 2022 7:00 am RNS Block listing Interim Review
29th Sep 2022 7:00 am RNS Half-year Report
20th Jun 2022 10:45 am RNS Result of AGM
17th Jun 2022 3:30 pm RNS Block listing Interim Review
23rd May 2022 7:00 am RNS Final Results and Notice of AGM
3rd May 2022 7:00 am RNS Issue of Equity Under Block Admission Arrangements
1st Apr 2022 7:00 am RNS Issue of Equity Under Block Admission Arrangements
17th Mar 2022 3:20 pm RNS Holding(s) in Company
Started: jsd71, 18 Jun 2024 13:01
Last post: Justinluck, 19 Jun 2024 20:39
Some noise on twitter re this silver mine, but what's it all about, once upon a time graphite was on the cards in Africa and still after many years......nothing!!
They must of found some bags of salt to go with that excellent hand picked sample, just saying.
I'm still a touch spooked (if that is still possible with ACP) by the suddenness of this all and the directional change. What is happening with Mahenge? What is the funding situation etc. Obv I do hope we at the bonanza grade launch bay
0–150 g/t silver is low grade. 150–350 g/t silver is average grade. Over 350 g/t silver is high grade. Silver measured in kilos per tonne is “bonanza” grade.
Acp samples -
Shaft 2 returned 412g/t silver
Shaft 3 returned 1010g/t silver
As well as 18% lead
Started: sprinter12, 19 Jun 2024 08:29
Last post: sprinter12, 19 Jun 2024 08:29
19/06/2024 7:00am
RNS Regulatory News
RNS Number : 8729S
Armadale Capital PLC
19 June 2024
BLOCK LISTING SIX MONTHLY RETURN
Information provided on this form must be typed or printed electronically and provided to an ris.
(Note: Italicised terms have the same meaning as given in the Listing Rules.)
Date: 19 June 2024
Name of applicant:
Armadale Capital plc
Name of scheme:
7p warrants
Period of return:
From:
19 December 2023
To:
18 June 2024
Balance of unallotted securities under scheme from previous return:
18,888,889
Plus: The amount by which the block scheme has been increased since the date of the last return (if any increase has been applied for):
Nil
Less: Number of securities issued/allotted under scheme during period (see LR3.5.7G):
Nil
Less: Number of warrants that have expired
18,888,889
Equals: Balance under scheme not yet issued/allotted at end of period:
Nil
Name of contact:
Tim Jones, Company Secretary
Telephone number of contact:
01372 464549
Started: sprinter12, 18 Jun 2024 12:09
Last post: lucky4paws, 18 Jun 2024 18:24
Jackpot ? Share price mmmm
These are exceptional grades indeed, 1010g/t silver sample from shaft 3.
Looks like we’ve hit the jackpot!
Further to the announcement of 24 April 2024 and the 2 of May, Armadale Capital Plc (TIDM:ACP), an AIM quoted investment company focused on natural resource projects, is pleased to announce the first assay results of mineralisation exposed by the reopening of historic shafts have confirmed grades of silver and lead mineralisation of up to 1010 g/t silver and 18% lead..
A sample of sulphide mineralisation was taken from both the number 2 and number 3 shafts with both samples producing high grades. The sample from shaft number 3 returned 1,010 g/t silver and 18.0% lead, while the sample from the number 2 shaft returned 412 g/t silver and 18.3% lead. Samples were assayed using XFR in accordance with the JORC code for mineralisation of this type.
The deposit has been inaccessible since 1987 due to a cave-in which has now largely been cleared. The Canyon Silver are in the process of installing critical mining infrastructure, including air and water lines, with a further objective to reinstalling electrification up to the hoist room. Shareholders will be kept updated with progress as it is made.
By continuing to open up both Number 2 and Number 3 portals further mineralisation is expected to be exposed in the coming weeks giving the company a good platform to fully explore the size and grade of the deposit. It is currently estimated that it will take 60 days to open up these portals allowing access to more of the deposit, and further work will be considered to open up ore passes and other access between the portal to expose further areas of mineralisation.
With two open tunnels and the employment of modern geological techniques, Armadale believe significant value can be added to the historical information of the mine in a short period of time.
Silver continues to test recent highs above $US29 per ounce which will have a material impact on the potential of the project. According to live prices from the precious metal website www.kitco.com.
Update on Subscription
In addition the Company announces that following the announcement made on 24 April 2024 detailing the Company led Subscription to raise £650,000 in connection with the option to acquire an interest in the Canyon Silver mine, that as at the date of this announcement, the majority of Subscription funds have now been received by the Company with the remaining funds expected to be received shortly. The Company will provide a further update in due course.
Started: Safetrader1, 18 Jun 2024 13:35
Last post: Safetrader1, 18 Jun 2024 13:35
Time to take it down now - all part of the plan ;)
Last post: Rover62, 10 Jun 2024 23:19
Looks like they’ve forgotten to feed the meter again!
We may hit the jackpot with the reopening of this Silver mine, imagine they find a big resource there
A bit of silver ore found!
https://x.com/armadalecapital/status/1800034321316888669?s=61&t=iGwN06MTvXMFS5Z_VwueBg
Started: Safetrader1, 6 Jun 2024 13:08
Last post: Safetrader1, 6 Jun 2024 13:08
You are full of it !!!!!!
Started: TraderDan01, 6 Jun 2024 10:48
Last post: TraderDan01, 6 Jun 2024 10:48
Lingering stench springs to mind.
Started: Safetrader1, 1 Jun 2024 15:05
Last post: Amtech, 6 Jun 2024 09:01
Anyway he’s way too busy selling the Burraga Project to help finance the Grace Gold-Copper Project over at Paterson Resources to worry about little old ACP.
Someone sold £3k’s worth constitutes the market!?
It’s not his fault, it’s the markets fault
Market seeing right through Matt Bull. No amount of ramping going to convince it otherwise
Switch off and enjoy……nothing to see here
Started: RHT99, 20 May 2024 11:59
Last post: Amtech, 23 May 2024 11:35
That’s the wrong question, you should be asking why did the BOD’s say “With project financing, a mining licence and commencement of mine construction all imminent, Mahenge, and indeed Armadale, is on the cusp of transformation.”
The market knew after 1 month, because you are part of the market and you knew.....So what is your actual excuse for not acting on that knowledge of 559 days?
559 days and you failed to act...
559 days!
“With project financing, a mining licence and commencement of mine construction all imminent, Mahenge, and indeed Armadale, is on the cusp of transformation. Ultimately, Mahenge’s value potential is clear, and it is our responsibility and focus to convert this into meaningful returns for our stakeholders. To deliver on this, we have devised a staged development plan giving a fast-tracked, low-cost route to production. This is truly an exciting time of development.”
Fast tracked the h ell out of this resource haven’t they, guess no one was complaining as they mislead their investors all the way through the rise. Took them 2 years to tell the market that they paused the phase 2 feed studies.
I apologise for underestimating Amthick's stupidity....I am led to believe it was 559 days knowing that imminent was not imminent and had every opportunity to walk away....must be the worst trader in AIM....
Started: DanInvestor, 22 May 2024 23:30
Last post: AIMtodeath, 23 May 2024 00:36
1. If they said they were raising the money then people were legally bound to that. It is a contract.
2. Update is just an update and a reminder that not all is forgotten about graphite and it is still viable but awaiting the reasons stated. Many AIM explorers have multi commodity projects running concurrently.....The graphite is NOT progressing UNTIL a MORE FAVOURABLE position is in place to do so....concentrate all you like, it ain't happening without BKT.....or if BKT fails then back to plan A and build out roads ourselves, use diesel gens and truck it alllll the way to port and have poor ESG and smaller market opportunities....take your pick.
Don't tend to post now as consider this BB has turned into a "Bickering Board", but must admit some interesting posts today - cheers ATD and IS in particular. My questions/input
1. Does anybody know if the Subscription to raise £650,000 announced in RNS of 24 April was successful?. The RNS on the 14 May mentions $150,000 of the initial $500,000 required. RNS of 15 May mentioned a delay to trading of additional shares on AIM.
2. I have my personal thoughts about the "silver project" which I won't disclose, but with my cynical hat on, I just wonder if the finance raise for that project didn't go well (see point 1 above), maybe they have realised that SH's want them to concentrate on the graphite project, hence the update today?
3. On a positive note, we've had x5 RNS's in the last month, must admit haven't checked the quality of their website recently (that's a joke)
Thoughts most welcome.
Started: Safetrader1, 22 May 2024 22:11
Last post: Safetrader1, 22 May 2024 22:11
Surely by their own RNS, the BID must see that the time is right to be market ready !!!
So why - ''the Company is considering recommencing the FEED study so the project is construction-ready when funding is secured.'' ?????
Have we not been CONSIDERING and ponsing about for FAR TOO LONG !!!
Get this bleeding show on the road NOW !!!!!
Last post: jamtart1, 22 May 2024 20:02
Same here filtered them.
Started: jsd71, 22 May 2024 14:12
Last post: AIMtodeath, 22 May 2024 17:23
They RNS has reiterated that
1. Graphite is certainly looked at as a major contributor to current and future net zero
2. Changes in US and China push non Chinese graphite into a spot light of high demand low supply outside china
3. Things project waiting for enhance the project financials and ESG credentials widening customer base outside china (and potentially premiums paid to secure ESG material for Tier 1 and Western suppliers....i've read separately)
4. Which all means this project is still in play and the company are willing and ready to progress it when the conditions are in place to do so for maximum benefit to the project.....i.e. BKT gets financed essentially as that makes everything fall into place that helps all of the above. We nor the company AND ESPECIALLY BKT and its investors expected to still be arranging finance this long.
AIMtodeath,
Agree with all you say. I’m just confused about the RNS and why now!
Did MB have a lobotomy?.......Maybe he has AI writing RNS'....ha
What a load of Waffle
Rover, no point in paying for a FEED study if it lies on the shelf for 1-2 years awaiting conditions that will benefit the company and finance can be sought. It will be out of date in regards to process/design (things move on ) and costs will quickly change.
1. Infrastructure cost savings and ESG benefits from said infrastructure
2. If a billion dollar project doesn't get lift off, then hard sell for finance of a smaller project. Getting due diligence and a big project off the line makes it easier for subsequent projects to get finance due to derisking of the region and country and also to get better rates due to lower risk.
I'd say the trigger will be pulled on FEED update when BKT get financed and it is certain that the infrastructure will be paid for, giving certainty to the FEED study and the DFS for those savings and ESG benefits..
Outside factors have had a detrimental affect on progress, lead billion dollar project delayed with partners, then with finance and I am pretty sure the Gov wouldn't sanction any other project to move forward until its darling project bringing so many benefits to the region is in the bag. They will lift living standards in the area whilst creating a mining hub for jobs and taxes etc. ESG lift for whole region opening up trade worldwide rather than China.
Annoyed as many are, including me that we have been put in queue essentially, the development of the region and the 'long' term benefits to projects operating out of it are quite important in regards to money saved, derisked region and ESG. These are somewhat more important for a 15 yr project (as it stands) than the quest for people to breakeven/be in profit in the short term. Some people entered a trade, saw that that it was an investment, ignored their realisation for 320 days, went into a loss position and then whinge incessently on the internet that they were duped. Especially when they confirmed they already knew they were duped for 320 days, THEY (all their own choice at this stage, no one to blaim other than themselves) still held and still moan.......which is not you by the way...
Started: Amtech, 21 May 2024 09:15
Last post: Amtech, 21 May 2024 10:37
Let’s hope then that whoever goes in it doesn’t disappear like in Tanz and the 60 days to poke a stick around doesn’t become another of MB’s misleading statements.
Not a daft question as initially I thought wtf. However, doing a very small amount of research yields the answer, YES, it does exist.
The question that should b being asked and more importantly answered by the board is it actually a viable adventure? Let’s say I have a modicum of trepidation about the venture.
The plus points are that it is in a mining district situated between two very profitable producing mines.
What?
How's your complaint on p*rnhub cumming along?
Is there actually a silver mine? Never know with Matt Bullshine.
Started: TraderDan01, 16 May 2024 14:19
Last post: Amtech, 20 May 2024 11:23
Yawn, take it to the AST board. I might miss something ACP related 🙄
Don't talk about context when evidently you can't grasp the context in which the questions in relation to AST were asked.
You are a funny chap. You have no interest in AST but bring it up yourself, strange. I have nothing to tell you here, Dee brought it up. He thought it would be a "gotcha" moment - silly boy is he. I merely told him to post on the relevant share forum and i would answer but he's being very stubborn, I can live with that. It's very simple.
As far as calling it at the "top" goes, well there is always a context, we only know in hindsight it was the top, it could've easily been a few bags from there but of course you don't know a thing about the narrative there nor the context. Well I certainly called 6p the top here and nailed it in real time. I also called sub a penny long before it came but nobody conveniently wants to discuss that.
And you were still shouting BUY at the very top. Don't go thinking that you're some sort of master of the markets.
I have no interest in AST, and I have no interest in getting into a discussion with you on the AST board. If you want to tell us something, you can tell us here, where people have asked you.
..and if you think differently then as Taleb would say, you've been fooled by randomness.
Started: BailMaister, 18 May 2024 00:18
Last post: BailMaister, 18 May 2024 00:18
Started: Rover62, 14 May 2024 17:38
Last post: Dee12345, 16 May 2024 12:51
I appreciate you're upset at having been rumbled as someone who ramps at the top (like you did with AST) and de-ramps towards the bottom (as you're doing with ACP).
But your questions haven't been drowned out. They were all answered. Yet you can answer questions asked of you.
Feel free to project, but you've been exposed. And you'll continue to be exposed.
I'm getting second hand embarrassment reading it.
That’s the most amateurish, cringiest, ramping I’ve heard in a long time! Reading that would make me give a share a very wide berth!
Seriously though RHT99:
Why were you making the following statements on AST back in January 2021:
"I may just disappear now but rest assured the buyers won't."
"My man is managing funds for a group of high net worth investors."
"My man taking them in 50k and 100k batches."
"Nothing price sensitive but if my mate is a millionaire and has another 20 millionaire mates who want to buy, they might tell me, lol"
Then on the 4th February 2021:
"Don't say you didn't have the heads up. Needless to say by now you know who the large block buyers are. And for the record they are not stopping here. MMs ain't got a chance against them. Deep pockets, high net worth a loading. See you folks at 30p very shortly"
That's around a day from where the shareprice hit a peak.
Then it dropped nearly 50% in ONE DAY a month later.
Then it went on to lose 83% from the highs over the course of a year.
1. Who is your Man?
2. Why were you ramping so heavily over at AST near the highs?
3. Why did you disappear immediately after? You weren't seen on LSE for over a year
4. Do you often ramp shares towards the top, and then de-ramp towards the bottom?
5. Did you ever apologise to the people you ramped into those stocks?
6. Did you make up nonsense about these 'millionaire buyers' who dumped?
7. Is this the sort of reason why you post anonymously?
8. Do you not feel this discredits you, and your arguments?
9. Why should anyone feel you're asking genuine questions, or trying to hold management to account based on your own previous posts?
Thank goodness for that. You can leave your hoops alone. When you change your mind, you know what you need to do, there's a good lad!
Started: RHT99, 16 May 2024 11:50
Last post: Dee12345, 16 May 2024 12:48
These have all been answered.
By multiple posters.
Yet you can't answer simple questions posed to you. Keep trying RHT99, and keep making yourself look silly.
How can you not know what happened when you were ramping AST?
I’ve been along those lines for years RHT, but you won’t get any answers from this board or the company. Apparently it’s not the BOD that’s at fault it’s me for not selling. I’ve been told I’ve been de-ramping for years for wanting the answers to the BOD’s misleading statements. FY results soon, now the BOD have another £250k to the pot, guess where most of that will go?
1) What has the management achieved since the mining license grant in 2021 which justifies taking a salary?
2) Why was the recent acquisition not funded through the £1.59m listed investments?
3) How do you justify the £500k spend to go via the issue of 184m shares/warrants at a record low price? Presumably, you took part in the placement - did you or any other placee see the investment pitch with its details or did you go in blind?
4) What was Matt doing in Sep 19 when he said the company was now funded until production with £500k raised at 1.8p. Why then did he follow this up with £400k raised via CLNs and this again was followed up with £550k subscription in April 2020 @2.25p with 24m warrants @3.25p. Did he lie to the market when he stated in RNS that the company was fully funded to project finance?
5) There were multiple RNSs in H1 2020 saying finance imminent then no news. The chairman stated that ACP will be in production in Q1 2020 as late as Feb 2020 yet the mining license hadn't even been applied for. Why?
6) What proportion of Matt’s holdings are “free shares” and how much were paid for? A calculation for his low average wouldn’t go amiss.
Started: sprinter12, 15 May 2024 09:08
Last post: Amtech, 15 May 2024 16:51
Wasa, Dee and maybe Parker Schnabel
I may have missed it but does anyone know where/who the subscription monies are coming from?
The only one we know about is Matt Bull to the tune of £100k.
The detail only says from UK and Australian, new and existing.
Maybe a TR-1 or more maybe issued.
Doubt it, they sent funds to a Tanzania sub and to Canada before. Maybe they need something to put in the FY results so have saved it for that to fill half a page.
Looks like they’ve underestimated how long it takes and what legalities are needed when transferring large amounts of money internationally. (Money laundering checks)
Ummmm
Started: TraderDan01, 15 May 2024 14:17
Last post: TraderDan01, 15 May 2024 14:17
You're like an emotional little teenager who can't get her own way.
Started: jsd71, 14 May 2024 13:38
Last post: Juxtaposition, 14 May 2024 15:26
This might be the bigger news rather than the mine
Https://www.theguardian.com/business/article/2024/may/14/joe-biden-tariff-chinese-made-electric-vehicles
Biden announces 100% tariff on Chinese-made electric vehicles
White House levy to protect US makers from cheap imports likely to inflame trade tensions.
The tariff rate on natural graphite will increase from zero to 25% in 2026.
This is just coming out today from US gvment, they finally waking up to China dominance in critical metals.
This is brilliant news for graphite.
Also worth noting its natural only natural graphite they are hitting with tariffs, not synthetic.