Member Info for jsd71

If you read the article I posted here yesterday.

Regarding tesla's low cost battery, the main thing for us is a more efficient version based on the lithium ion battery tech, so graphite will still be a key component but battery production costs should fall, bringing the price of the vehicle down on par with petrol vehicles. This should give the ev market a huge boost & put pressure on the competition to do likewise. Its a win win for graphite producers.. Acp are in a unique position in the AIM market!

Graphite demand will be massive, tesla set to unveil low cost long life ev battery in China -
https://www.cnbc.com/2020/05/14/teslas-secret-batteries-aim-to-rework-the-math-for-electric-cars.html

The U.S. Government placed natural graphite on its 2018 Critical Minerals List of materials critical to the national economy and national security of the United States. The United States currently has no domestic natural graphite production and is 100% reliant on imports. China produces 70% of the world's natural graphite supply.[1] According to the authoritative US Geological Survey report, Critical Mineral Resources of the United States (2017): "Graphite is considered a critical and strategic mineral because of its essential applications in the aerospace and energy sectors (such as refractory and foundry applications in the steel and metal industries and use in high-temperature lubricants, high-strength lightweight composite materials, batteries, modern nuclear reactors, fuel cells, electric motors, and evolving electronic applications that anticipate rapid growth in demand for graphite).

With a 30 percent increase in production acp could increase npv from $358 million to $500million imo.

Armadale Capital plc (LON: ACP), the AIM quoted investment group focused on natural resource projects in Africa, announces that it has received warrant exercise notices over an aggregate of 1,610,814 ordinary shares at a price of 2.2p per share in the capital of the Company ('Ordinary Shares') providing the Company with proceeds of £35,458.

Half a million late trade at 3.55p almost definitely a buy. Monday should be interesting.

Freshwest, Walkabout achieved that mcap not including financing of the project, they are currently in talks on that front, Acp could reach £80+million with finance in the bag.

Safetrader, Walkabout resources was over £100 million market cap when multiple offtake agreements announced.. that was without funding which they are currently working on.

Dfs optimisation due shortly so could land any time.. It'll be a huge upgrade by the looks of the modelling. GLA

Judging by the buy price first thing this morning, the half million late trade from yesterday was a buy.

Pressure is building, dfs upgrade any day now, we should at 5p already.

1.1 million late trade at 2.60p now showing.
Upgraded dfs imminent.

Tymers, Dfs upgrade is imminent, it will knock Acp out of park.

Tymers, money sponge posted this excellent YouTube with commentary regarding Armadale Capital key milestones
https://www.youtube.com/watch?v=h2bmIvPEqKA&feature=emb_logo

Agree eary bird.
Moving up.. Dfs upgrade imminent & offtake agreements should follow, this should be 5p already with over half a million in the bank.

Armadale Capital plc (LON: ACP), the AIM quoted investment group focused on natural resource projects in Africa is pleased to announce that is has raised £550,000 via a private subscription with certain existing high-net worth shareholders in the Company (the ‘Subscription’).

As part of the Subscription, 24,444,444 new ordinary shares (‘Ordinary Shares’)(‘Subscription Shares’) in the Company will be issued at a price of 2.25 pence per Ordinary Share representing a 4.65% premium to the closing mid-market price on 29 April 2020, being the last trading day immediately preceding this announcement. In addition, Subscribers will also receive one warrant for each Ordinary Share subscribed for, exercisable at a price of 3.25 pence and expiring on the two-year anniversary of the date of issue (the ‘Warrants’). In aggregate, 24,444,444 Warrants will be issued alongside this Subscription.

Use of Proceeds

Following the delivery of an extremely compelling feasibility study for the Mahenge Liandu graphite project in Tanzania, these funds will be used to progress the following post definitive feasibility study (‘DFS’) workstreams and for general working capital purposes:

Complete DFS optimisation from detailed modelling of higher-grade zones to increase head grade in the mine schedule
Progress existing off-take agreements converting from MOUs to binding agreements
Finalise application for full Mining licence, thus furthering major permitting milestones
Commence Detail Design Engineering stage to move to construction readiness
Advance discussions with potential debt finance partners and project level development funding for construction
Nick Johansen, Chairman of Armadale, said:

“It is a testament to the outstanding economics of the Mahenge Liandu graphite project that existing investors have shown such strong demand to support the Company in moving forward as we focus on transitioning from explorer to producer. Compelling economics combined with low technical risks and 100% ownership make Mahenge an incredibly attractive investment and this demonstration of support is even more pleasing given current tightness in the equity capital markets.

“With extremely low running costs, these funds, together with our existing loan facility, put the Company in a solid financial position prior to the intended conclusion of project financing for mine construction, where we are already in discussion with a number of potential joint-venture partners and strategic investors.

“In readiness for this, work is already well underway upon the more detailed modelling of the Mahenge Liandu higher-grade zones ahead of an updated and optimised DFS and we look forward to delivering this in the near-term as well as updating on progress of existing MOU offtake agreements converting to more binding offtake agreements or partnerships. With a steady stream of news flow ahead, we look forward to updating the market with regularity.”

£20,000 raise, dividend by number of new shares (666, 667) works out to about 3p per share.

3p premium per share! .. dfs upgrade should come very soon & will be fantastic.

Conversion of Convertible Loan Note

Armadale Capital plc (LON: ACP), the AIM quoted investment group focused on natural resource projects in Africa, announces that it has received notice from an investor (‘the Investor’) to convert £20,000 of the convertible loan note into Armadale shares.

The Company has today allotted 666,667 new ordinary shares to the Investor (‘Investor Shares’). The Investor Shares will rank pari passu in all respects with the existing ordinary shares. It is anticipated that the Investor Shares will be admitted to trading on AIM on or around 30 April 2020 (‘Admission’).

Following Admission of the Investor Shares, the Company's issued share capital will comprise of 406,952,393 ordinary shares.

Rns out