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Rns out.

Rns out.

Just ticked up. I see Walkabout resources are flying.

29th April 2019 Chinese electric car maker BYD’s Q1 profit up 632% https://www.irishtimes.com/business/transport-and-tourism/chinese-electric-car-maker-byd-s-q1-profit-up-632-1.3874896?mode=amp Chinese electric vehicle maker BYD, backed by US investor Warren Buffett, reported on Sunday a 632 per cent jump in its first-quarter net profit, buoyed by strong demand for its new energy vehicles. The Shenzhen-based car and battery maker, which has a joint venture with Daimler AG in China, said last month it expected first-quarter profit to rise by up to nearly 800 per cent. Profit surged to 749.73 million yuan (€100 million), up from just 102.4 million yuan a year ago, when its earnings fell sharply due to cuts to subsidies for electric vehicles. BYD said it expected half-year net profit to rise to 1.45 billion yuan to 1.65 billion yuan, versus 479.1 million yuan in the same period last year. “New energy vehicles are expected to continue to sell well in the second quarter, and new energy vehicle sales and revenues continue to maintain strong growth,” the company said in a stock exchange filing, adding that new passenger and commercial vehicle models will help boost revenue. China’s market for electric cars is booming, but profits in the sector have been squeezed by fierce competition between established firms and rival startups, as well as moves by Beijing to cut subsidies for the market to improve product quality and standards. The company sold 117,578 vehicles in the first three months this year, up 5.2 per cent from a year earlier. BYD, whose popular models include its Tang-series electric cars, has said it aims to sell 650,000 vehicles in 2019. Overall electric car sales in China jumped 61.7 percent in 2018 to 1.3 million vehicles, according to China’s top car industry body China’s Association of Automobile Manufacturers (CAAM). It sees electric vehicle sales hitting 1.6 million this year. China last month raised its standards for electric cars that qualify for subsidies and reduced the amount it is willing to provide to relevant companies. – Reuters

This is fantastic news for graphite miners. The Chinese will need a huge and steady supply of battery grade graphite which is exactly what Acp have. EV sales in China doubled year-over-year in Q1 The number of electric vehicles (EVs) sold in China reached 254,000 in Q1 2019, a 118% year-over-year (YoY) jump from the 117,000 sold in Q1 2018, according to new data from CleanTechnica. Registration on or use of this site constitutes acceptance of our Terms of Service , Privacy Policy and Cookies Policy . Sitemap Disclaimer Commerce Policy Coupons Made in NYC Stock quotes by finanzen.net EV sales in China doubled year-over-year in Q1 Nicholas Shields Apr. 15, 2019, 10:44 AM This is an excerpt from a story delivered exclusively to Business Insider Intelligence Transportation & Logistics Briefing subscribers. To receive the full story plus other insights each morning, click here. The number of electric vehicles (EVs) sold in China reached 254,000 in Q1 2019, a 118% year-over-year (YoY) jump from the 117,000 sold in Q1 2018, according to new data from CleanTechnica. Electric Vehicle Sales in China Business Insider Intelligence At the same time, fossil fuel-powered car sales in the country shrank by almost 15% YoY: Automakers sold over 5.5 million fossil fuel-powered cars in China in Q4 2017, but sold only 4.8 million in the final quarter of last year. Here's what it means: The spike in EV sales in Q1 is likely a function of the Chinese government's bolstering of growth in the country's electric car market. The Chinese government is gradually rolling out initiatives to help wean the country off of fossil fuel-powered cars.The government announced an initiative that calls for carmakers that produce more than 30,000 cars annually to make or import at least 10% electric cars by this year. At the same time, last year China's National Development and Reform Commission announced a $47 billion fund last year that's designed to support EV technologies such as batteries and drivetrains. As the government encourages the production of EVs, it will continue to drive adoption higher: Annual EV sales in China are poised to expand to reach nearly 5.5 million units in 2025, according to IHS Markit estimates cited by The Wall Street Journal. The bigger picture: The EV sales spike and highly promising longer-term market should prompt foreign automakers to accelerate their investment in EV production and assembly in China. Consulting firm Alix Partners projects that global automakers will spend $255 billion on EV research and development through 2023, massive costs they'll want to recoup in the form of profits sooner rather than later. China will need to be a part of that strategy, especially for US automakers: While 254,000 EVs were sold in China last quarter, less than 50,000 were sold in the US over the same period.

1,150000, at 1.30p looks like a buy at that price :-)

India’s largest carmaker will stop selling diesel cars from April 2020. The decision to stop making them comes at a time when India is set to implement new emission norms that could make them substantially dearer. This is happening across the world. Maruti will be switching to hybrid electric & gas, this is the second largest car market in the world..the demand for battery grade graphite for Lithium-ion batteries will become enormous. https://qz.com/india/1605264/maruti-wagon-r-2019-to-turn-ev-as-diesel-cars-bow-out/

Just ticked up, ridiculously undervalued considering we're the 1st graphite player on AIM.

Cheers Amtech & what do you think?

Armadale Capital mcap £4.47 million. Now compare this with our graphite peers. We're undervalued by an absolute mile.. From todays rns - workstreams are ongoing regarding the DFS and commercial discussions related to the Project; we anticipate updating the market with further progress in the near term.” Walkabout resources $73 million (AUD) Black rock mining $45 million (AUD) Kibaran resources $33 million (AUD) Volt resources $30 million (USD)

Today's excellent news has caught many by surprise here.. Definitely getting regular newsflow as the board promised. We're also the 1st graphite player on the whole of AIM too.. Massive potential, just look at the mcaps of our asx Tanzanian peers such as Black rock mining, Walkabout Resources, Kibaran resources, multiples of Armadales market cap.

Safetrader Management are now on a mission to get this to mining stage.. I think we'll get mining license & dfs completed much sooner than expected. Board in overdrive Promoting the company on all platforms, great to see!

Absolutely 100 percent agree safetrader, good to see you happy!!

RNS out, good news!

Armadale Capital on its plans to take the EV sector by storm with market-leading graphite grades in Tanzania (ACP) https://miningmaven.com/blog/833-armadale-capital-on-its-plans-to-take-the-ev-sector-by-storm-with-market-leading-graphite-grades-in-tanzania-acp

https://youtu.be/sw5r7DbD7X0 Proactive investors Armadale Capital in advanced offtake talks as it progresses flagship graphite project.

The fall here is ridiculous.

https://www.google.com/amp/s/www.businessnews.com.au/article/Chinese-graphite-testing-enhances-Black-Rock-s-product%3famp The company’s large Mahenge graphite project in Tanzania might be the answer for the emerging expandable graphite sector’s insatiable hunger for coarse flake products, with such a high proportion of the deposit’s processed ores reporting into that high-value category. Whilst many operators are struggling with skinny margins rarely exceeding USD$200 per tonne for their graphite products, Black Rock’s DFS for Mahenge shows exceptional margins that exceed USD$800 per tonne for its high-quality large flake concentrates. The former operators are lucky to have 10% or 20% of their product reporting to large graphite flake sizes, which exemplifies the uniqueness of Black Rock’s ores.

One of our peers just over 18 months ago was at 5c low.. this week it hit 35c at one point, currently 27.5c making a mcap of $77 million(AUD) We have a similar high quality product & project with low capex, Recently Walkabout announced 2 offtake partners one binding in the space of a week, ever since the share price has risen dramatically.. Acp current mcap £4.7 million, An MOU for the remaining 19,000t of graphite could come anytime, as could a binding offtake from the 1st MOU with a Chinese company.

16th April 2019 MiningMaven Podcast 102 with Matt Bull Technical Director at Armadale Capital (ACP) https://miningmaven.com/blog/828-miningmaven-podcast-102-with-matt-bull-technical-director-at-armadale-capital-acp