Member Info for Dee12345

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.

Hey Crofton...

Still waiting on you to reply ;)

Oh, one final point Crofton:

"I've seen his comments on the EST telegram group when he was challenged on this and clearly he's not just made a genuine mistake with the details."

Prove this. You're welcome to tag the comment in the group. Or apologise.

Crofton:

1. "East Star commissioned leading resource advisors AMC Consultants to determine an independent JORCcompliant Exploration Target for the Verkhuba Deposit. This work resulted in March 2023 in the generation

of an Exploration Target of 19-23 Mt at 1.0-1.4% Cu and 1.0-1.4% Zn (1.4-1.9% CuEq), defined by 97 drill

holes comprising 42,178 m of historical diamond core drilling, reviewed by the East Star technical team over

the preceding 12 months."

2. Correct - I put £ rather than USD.

"Alex clarified this explicitly on the presentation that there is no drilling at this stage" - What, you think they will spend $500,000 on solely identifying drill targets? Naturally they will want to get a hole in the ground for that money once they've identified a target.

3. " how many of the previous Xplor cohort got additional funding" - Like KRM on the ASX, it's all contingent on actually finding something that piques BHP's interest. That's the point in BHP funding these juniors.

4. "He lost me completely on spending the placing money to get cashflow soon. They still need to do the scoping study/PFS, it's a quick route to production but he seems to be over-egging it deliberately." - They're in talks with multiple parties. They don't need to pay for a scoping study if somebody wants to buy it, or if they end up farming it out.

And if interested parties want to purchase more advanced projects? Then they'll ask for something more advanced. But nobody is paying for or demanding a PFS on a project that has options for nearby tolling. The entire purpose is to AVOID these costly endeavours, to generate some sort of cashflow.

We'll re-visit this if/when the deal is announced.

What an announcement!

Takeover by UUUU

$0.065 AUD Special Dividend.

0.026 UUUU shares per BSE share.

So that's roughly 58 Base Resources Shares for 1 UUUU share.

That's around 10 cents (USD) for each BSE share, in UUUU shares.

Happy days, and great de-risking!

Kazakhstan is probably one of the best jurisdiction for Mining.

You should check out the OECD report.

You keep calling my name, Marcuspd.

What is it? Do you want to hold my dong or something?

I'll let you hold my dong if that's what you want?

Say what you like about ACP playing the waiting game, but it doesn't look like the ordinary shareholders will benefit over at BKT.

"We have several key de-risking milestones due near term and this A$10m placement should provide the

Company with sufficient cash reserves to complete loan and contract documentation ahead of FID as well as

working towards consummating a deal in the partner process in which we are aiming to sell a stake in the

project at a premium as a less dilutive pathway to cashflow."

Key phrase:

"...we are aiming to sell a stake in the project..."

Their monster Capex and infrastructure projects has made it incredibly difficult for their management.

People moaning about the lack of progress at ACP should be careful what they wish for.

We're in a solid position here as infrastructure build-out progresses.

It looks like this graphite District will be getting well and truly underway!

There is one thing I would say, and that I know exactly which company I would rather be a shareholder of, and it's not BKT.

BKT CEO is a Professional who will get the job done, but he doesn't own any shares - So he gets it built, and it's a notch in an already impressive CV.

The dilution doesn't bother him, and there will be another one coming for the BKT shareholders.

No monster Capex costs for us, no major infrastructure work to be done, and our shareprice has performed quite similarly when measuring the falls from the high.

BKT shareholders' 20 bagger may end up being reduced to a 3 or 4 bagger with the amount they'll have to raise.

Suddenly, waiting it out is looking to be a lot smarter a strategy.

The dilution is irrelevant to him.nal.

JB asked me to reply:

"Dee you made factual incorrect observations which were advised to you and which you have since failed to acknowledge or comment on.

No problems with you doing such an assessment but please have the decency to admit you made some mistakes and post such corrections. "

Https://twitter.com/GungHoStocks/status/1770929760085979599?t=IH0xXiDyc3zRRrcukuZvRw&s=19

I've tweeted my response to the comments he made on Telegram.

Completely agree with you, Amtech.

I would like to see some sort of action within the coming months - Although my countdown starts from the moment they announce pre-construction work on infrastructure.

13. If Q Global get to 51%, they effectively have the right to never own less than 51%.

They will be at 46.3% of the fully enlarged capital.

That also doesn't include what they can charge Marula for services rendered. Going of previous history and acquisition of projects, a lot of the considering has been both cash and shares. I would expect some of those services rendered to be paid back in cash as well as shares.

14. Takeover Panel rules are an absolutely nightmare to navigate. I have no idea how holding over 50% will further impact on Marula from a Takeover Panel standpoint.

15. How much are these total debts/services rendered going to be exactly? What mechanism is in place to regulate it? Can Q Global bill whatever they like? Why do Q Global need Marula?

This seems to keep coming up, and whenever I ask questions, we're usually told to just "research more".

So I did. And it only generated more questions, as opposed to answers.

Happy to hear a counter view/opinion.

So I've have a couple of Personal Attacks in the past from Marula holders on Twitter, Telegram (both DMs and in The Hive).

Some questions have been asked before, but I can't say I've had much of a satisfactory response, or anything that's been confirmed to the point of a technical report or an economic study, or even a clear RNS.

I kept getting told to 'read up' for answers to my questions - So I did. I took a look at the short-form prospectus and have the following questions/points:

1. Blesberg Project

If they announced 100% purchase on 25th November 2022, and still not received regulatory approval... Don't they need this in order to make commercial sales?

3. The preliminary assay results from the stockpile came in at 5%-6.53%. This was based on only a 1 tonne sample.

The follow-up was done independently, but it doesn't state whether this was also a 1 tonne sample, or a different amount?

3. $1.35 Million from the Subscription will immediately be paid back to fund the drilling costs?

4. Drilling was completed on 6th December 2023. We should have assays soon? Why the delay?

5. Ore Sorter cost is £750,000, which will also be deducted from the subscription cost.

6. If only 1 tonne has been sampled, there's a risk of the first shipment to Southern Jase Resources Pty Ltd being 26.5 Tonnes short due to lack of sampling?

7. This was terminated 1 month later, with the aim of shifting focus to European Trading Houses. This was due early Q1 2024, and was the reason for terminating the original off-take agreement, and then paying Jade Resources in shares? This means Jade Resources was terminated for discussions with Q Global's trading partner, which didn't happen, and then led to the deal with Fujax

8. Why was this Jade Resources terminated, if the deal was only for an initial 27.5 tonnes? Why not just deliver the shipment, and why just pay them shares?

9. Kinusi - "Small-Scale Copper Mining". What is the definition of small-scale?

10. 10-15 Million Tonne deposit target, potential of up to 50 Million based on phase one exploration activities - Is there a report produced from Geofields for us to view? I can't find it anywhere. Surely a publicly listed company should be sharing the geo-reports?

11. Any debt accrued to Q Global or subsidiaries can be waived in exchange for shares?!?!?!

This is for up to 6.25p per share? So over 50% discount to the current price?

This can happen at any point between now and 31st December 2026?

Aggregate consideration for 147,800,000 shares is:

£8,530,000.

Take away £1 Million for drilling, £750,000 for one of the ore sorters, plus other potential costs leaves a total of:

£6,780,000 minus any debts for services rendered to Q Global.

12. I didn't factor in the Tanzanian Budget which is on the next chapter.

Leaves a total of £4.68 Million less any costs for services rendered by Q Global.

13. If Q Global get to 51%, they effectively have the

Another $40 Million from a Tanzanian Bank:

https://hotcopper.com.au/threads/ann-approval-for-us-40m-in-new-debt-facilities-from-crdb-bank.7906200/

Great news for the region, and to be completely honest? It's pretty damn smart of Armadale to allow someone else to front run and pay the $50 Million in infrastructure costs.

Let's see what this week brings!

Whatever dilution we have, it's going to be less the $33 million cost of Power Lines, right Amtech?

I'm talking about Capex Dilution here. Raising even $50 million debt is exponentially easier than raising $100 million in debt.

BKT have the higher costs, so they have the much higher dilutions.

As for working capital dilution, we do have listed investments as TraderDan01 has mentioned.

I know you don't like a little bit of good news AmTech, but it's here, it's positive, and now let's see how ACP starts to develop.

I would also add, there's likely to be a monster dilution over at BKT

It's one of the reasons you're sometimes better off being second to the prize.

You have the luxury of a smaller capex, and therefore smaller dilution, and easier finance.

Blackrock have finally signed off on finance!!!

Let's see roads, hydro-electric, and reduced infrastructure requirements for Armadale.

Let's see some progress in the upcoming months!

It's been a hell of a long wait!

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02785313-6A1198491

Your comments here are interesting leathal1979...

...Because you just told me you're planning on buying more.