Armadale Capital Share Price (ACP)

Oh, what was the name of your Twitter handle RHT99?

It's not difficult to search for tweets from deleted accounts.

The quality of the decision made would all come down to the quality of the asset - Something I envisage we will shortly find out about.

If we start seeing grades of 20 g/t, I'd be 100% agreeing with you.

I'm expecting to see some grades that make it worthwhile pushing the boat out to buy, possibility for near term revenue, and easy access trucking and milling/tolling.

Show me that? It makes perfect sense. But I'd imagine we'd need to wait for that RNS to make that determination. That being said, the market doesn't seem to be reacting too poorly.

You keep speaking about warrant flippers etc, but I can't imagine the likes of Wasa (or myself) looking at this for quick flips - We've been invested for a while. There wasn't much forward selling - Look at the recent volume.

It's been mentioned here on so many occasions. Mahenge is waiting for infrastructure projects, and it's been mentioned by the company on several occasions that they're still in discussions with the Tanzanian government. I don't know why you're dismissing these things.

As you say, you don't like dilutions, yet you want to see the company exposed to $30 million of infrastructure projects?

Which is it? What would you prefer? Sit quiet in perpetuity? Continue to progress and dilute the entire Market Cap to build roads and power? Try and find a project that can get them cashflow positive?

Your posts aren't making arguments - It's just ranting. That's all.

You rant about Kabunga being given exit liquidity - Show me where and how.

You rant about a 16% dilution - 16% in How many years? every year? or just this one year in the past 3?

How do you envisage financing this second project is going to work. It's not a producing asset and is going to cost which is evident from the RNS. If the company acquires 100% of the project it will cost them $2.78m, no small sum by any means. How is this going to be financed? How much work will be required to bring it to production, what are the time frames, what is the economics of the asset? So many unknowns currently. Why did the company not fund the initial acquisition through a sale of their investments which were valued at £1.593m in their last update. Instead they opted to dilute their float by over 16% adding over 92m new shares at 0.7p and an additional 92m warrants at 1.2p. This smacks of terrible mismanagement and disregard of shareholders and I'm not sure how you can quite read it otherwise.

I hold just under 5% of the company pre dilution my position is declared, and clear. I want an ROI whether through Mahenge or Silver Canyon (preferably both). I'm still invested in a company with cash in the bank progressing now two projects (albeit one slower than we would like). Lets wait for the prospectus on Silver Canyon and then jump to conclusions.

It is undeniable that Blackrock have not proceeded at the lofty expectations of progress they set (their shareholders) and it is pretty clear they have engaged some serious infrastructure improvements to get their graphite out of Mahenge. If we wanted the capex hit - what is it, $30? $40? $50m? to make those improvements then of course, we could jump ahead of them in the queue and get it all going. Lets do a whip around for the $30m I'm sure raising it on AIM right now will be easy! or, lets see them do the hard yards and piggyback on their deal, it's what I would do.

If Blackrock don't progress in Tanzania nobody will, which is why personally, I think a project in the US is a great idea and I backed the raise (while we wait for an outcome on the former). GLA

Hmmm. This wasn't my idea of engagement on this forum. I have posted plenty of times on Armadale over the years before my twitter account was shut down. Too many people don't like me bringing up red flags but had they listened they wouldn't have lost so much money. If you can convince me that this share is investable under the current management I will submit. However, facts are facts this is an investment company jumping from project to project, remember the gold one, then Mahenge and now this one. Each project has cost shareholders a packet, how is this one any different? Hence, the market isn't buying it and i assume those talking it up here will be placees and warrant holders looking for an exit. As wasarunner has pointed out, people have their own selfish interest and motives at heart.