Member Info for Tardis

Not imminently, ‘in the near future’. Weasel words to that effect.

Dan, when they reply to you I’d be grateful if you could pass it on to the discussion board. Company stopped replying to my emails a long long time ago… Perhaps start by asking them why there has been no progress with funding despite telling us two years ago announcements would come ‘soon’ or ‘imminently’.

CEO buys a big chunk with his own cash, PI goes above 3%, and still the SP is stuck below 1.2p. Depressing stuff. The long hold continues…

Manini in interview saying the company has received low-ball offers for the company over the last 12 months. Are they not obliged to announce such approaches? If they have been offered let’s say 2.5p for the company, why not announce it, reject it, and set a new floor at 2.5p rather than the 1p nonsense we currently have? Unless it’s lies of course…

Or were they diluted?

Pure market manipulation when price gets held like this. Hey ho, good luck proving it…

I agree. 100mil is pie in the sky. I’ve written this off. Got sucked in to the boiler room against my better judgement.

I’m surprised they get away with holding their AGM in Aus with no video stream or recording or anything. Are there no AIM rules governing where the AGM is allowed to be held? How are UK shareholders supposed to attend… They will argue costs are kept down this way - which is true. Helps their Lucan act nicely too.

How about they have done FOOK ALL in the last 12+ months? That’s fair to say. Might not be their fault though - I suspect they are in a Tanzanian Government queue, and the queue moves very very slowly…

Look at walkabout, look at their RNS history and how they stepwise progressed their project whilst ACP have done nothing for over a year. That said Walkabout’s SP has not progressed, mostly as I see it, because they have done several equity raises over the last 2-3 years. Can’t win…

Sell Beutong to unlock KSK. Problem is I suspect they would get less than 10 mil for Beutong at current level of development

They have already commenced mine construction. They are miles ahead of ACP, and look like a much more serious and credible outfit that Armadale unfortunately.

Have Walkabout done their Tanz government deal already?

Hope we won’t be at the receiving end of a Glencore shafting with them taking this over at a lowball price with broker collaboration. Wouldn’t surprise, especially given their recent collaboration with La Mancha in other projects.

Another few months at the 141 holding price?

AIM is beginning to feel like a junior miner graveyard. Yes it might be regulation lite, but companies aren’t able to sustain a decent market cap. Just looks pointless…

I think the company misjudged the length of time to get the gov deal done, or at some point got told by the gov that it would be a long time until the deal went through. I suspect inexperience on the BOD’s front - they thought they were a lot closer time wise than they were, rather than downright lies. I know some that have done business with the Tanz gov, and they described it as a ‘nightmare’. Personally I think BOD have chosen not to reveal delays once they became aware they would occur, preferring silence instead. Either way, their bullish RNSs of imminent progress to financing and production were wrong. Many invested on the back of their bullish sentiment and promises, and have lost money as a result. I reluctantly hold.

There are plenty of worse performing mining juniors out there! This will move when production starts or is imminent, and likely not before IMO.

I imagine the DFS will have to be updated as it’s getting pretty old now. What year was it done?

The board have not been transparent in my opinion. They were so optimistic two/three years ago, but now, nothing. Clearly something has changed but they have not told the market. I agree with one of the comments below, that I think they are a long way down the Tanz government pecking list, that they have been told as much, and are having to sit on their hands until it’s their turn - and it’s anyone’s guess when that might be. I saw a little Tanz gov video several months back, and they mentioned the names of several graphite companies including Blackrock but there was no mention of Armadale. I just hope they haven’t p*ssed off the minister and been blackballed. If that were the case though, I doubt they would have been granted their licence.

I look forward to the day they announce some progress (that isn’t a weather vein report that is).

I don’t think you can call him a top player as he has made several bad f*ck ups here. I do think he is experienced and well connected though and will know how to approach banks for financing.