RNS - 17th AUGUST 201725 Aug 2017 16:05
So only 8 days ago !! :-
Nick Johansen, Director of Armadale said, “The potential for Mahenge Liandu to host a significant, commercially attractive graphite mining operation continues to be fuelled by these consistently encouraging drill results. Following the completion of our first phase of exploration drilling in the 2017 season, we are delighted to report a consistent area of near surface mineralisation over a strike length of 1,200m, underpinning the scale of this emerging graphite project. With a second phase of drilling being planned, plus geological mapping evaluating possible extensions to the deposit on the wider licence area, I am confident that our maiden JORC Resource estimate of 40.9Mt at 9.41% TGC, which is already one of the largest in Tanzania, has significant room for expansion.”
The use of - 'the potential' and 'emerging graphite project' just fill the air with the smell of bull *&^%. Get it firmed up, and DO A DEAL with the Chinese. Enough is enough Nick ! - and how you cannot recruit a replacement Chairman with all this potential ? Why did I EVER put my faith in a solicitor running a company like this ????