Member Info for x54v

https://spongeshare.com/2020/06/16/armadale-advancing-financing-under-nda

The RNS states that further news on funding can be expected in the near term.

"In addition, the Company is also advancing separate discussions with a number of Asian parties and hopes to provide further announcements with respect to further progress on development funding in the near-term."

Excellent news indeed.

Near term as expected. And further near term news to come as well.

"In addition, the Company is also advancing separate discussions with a number of Asian parties and hopes to provide further announcements with respect to further progress on development funding in the near-term."

Exciting times!

Listen to the interview, make up your own mind.

Funding news in the very near term by the sounds of it. Worth listening to the recent Matt Bull interview.

Q: "On the financing side....could we expect to see some newsflow on that front fairly soon?" A: "Yes, that's very likely that we'll see some newsflow on that in the near future." - 5:04

Q: "Are you having pretty detailed discussions with any particular parties at the moment?" A: "...I can't say too much about it without announcing anything but it's looking very positive, I'll say that." - 6:26

Q: "What can you expect next with regards to funding then?" A: "...There's a lot happening on that front so I've got to be careful what I say on a shareholder call." - 17:17

"Obviously funding discussions have been well advanced as we go forward. So there's a huge amount of newsflow to come."- 28:26

https://drive.google.com/file/d/1mvxaPiKGxxB5jica7Not3i6YI7xmcZZL/view

Inflection points very soon. Exciting times!

"a number of initiatives are currently advancing with respect to project financing and the Company hopes to be in a position to update the market shortly with respect to one or more of these workstreams."

https://investegate.co.uk/armadale-capital-plc--acp-/bus/dfs-update-increases-mahenge-npv-to--430-million/20200605114500Z1250/

Yes, a time to be buying the dip with major newsflow to drive the share price higher in the very near future judging by the recent Matt Bull interview:

Q: "On the financing side....could we expect to see some newsflow on that front fairly soon?" A: "Yes, that's very likely that we'll see some newsflow on that in the near future." - 5:04

Q: "Are you having pretty detailed discussions with any particular parties at the moment?" A: "...I can't say too much about it without announcing anything but it's looking very positive, I'll say that." - 6:26

"We're finalising the documentation to submit the mining licence at the moment. We'll have all the documentation from the Perth side finished by Friday so we're aiming to submit that imminently. And we want to get it in and approved before the elections come up in October." - 10:17

Q: "What can you expect next with regards to funding then?" A: "...There's a lot happening on that front so I've got to be careful what I say on a shareholder call." - 17:17

"We are in a position to...get the mining licence in really imminently, maybe even next week." - 18:51

"We're going to get the mining permits and all the required permits in place quite soon after publishing the updated DFS. We've got further talk on offtakes moving towards binding offtakes. Obviously funding discussions have been well advanced as we go forward. So there's a huge amount of newsflow to come."- 28:26

https://drive.google.com/file/d/1mvxaPiKGxxB5jica7Not3i6YI7xmcZZL/view

The recent high in the share price was the highest it's been in 3 and a half years.

The share price is up 168% in the past year. And it's up 120% since the recent low in late March.

So in terms of share price performance, it's actually doing very well.

There is plenty of scope for it move significantly higher in the coming weeks and months as the story unfolds and momentum picks up further.

Some highlights from the Matt Bull interview last week:

"The recent capital raise the company did earlier last month put the company in an extremely strong position, probably the strongest position it's been since I've been involved with the company since 2016. So we're really positive on that front and almost all those people involved in the capital raising were people that are long term supporters of the company and they're really sticky holders." - 2:13

"The main reason I invested heavily and came into Armadale is because of the purity of the Mahenge region: it's got the highest purity graphite anywhere in the world, and that's pretty much the strongest point that buyers want out of graphite." - 4:23

Q: "On the financing side....could we expect to see some newsflow on that front fairly soon?" A: "Yes, that's very likely that we'll see some newsflow on that in the near future." - 5:04

Q: "Are you having pretty detailed discussions with any particular parties at the moment?" A: "...I can't say too much about it without announcing anything but it's looking very positive, I'll say that." - 6:26

"We're finalising the documentation to submit the mining licence at the moment. We'll have all the documentation from the Perth side finished by Friday so we're aiming to submit that imminently. And we want to get it in and approved before the elections come up in October." - 10:17

"There's plenty of funding sources for projects of this high return out there." - 17:08

Q: "What can you expect next with regards to funding then?" A: "...There's a lot happening on that front so I've got to be careful what I say on a shareholder call." - 17:17

"We are in a position to...get the mining licence in really imminently, maybe even next week." - 18:51

Q: "What's the relationship with the company and the government and the locals there?" A: It's very favourable. It's a really easy place to operate: a lot of people want work, the government's really pro-mining now after having some problems in 2017. I think they really recognised they needed to get a lot of foreign investment." - 19:00

"We've done it on an absolute fraction of the costs that Black Rock have managed to do their studies and their mining permits." - 20:01

"We have the highest grade over the mine life of all the graphite projects in East Africa and ultimately grade is king when it comes to mining." - 20:55

"A lot of projects that are at this stage of advancement are usually capped at around 15% of the NPV of the project. That's more of a standard project and this project has exceptional economics so I expect we should be trading at a premium to that which is quite a lot higher than the current share price." - 23:34

"There's a huge amount of newsflow to come."- 28:26

hTTps://drive.google.com/file/d/1mvxaPiKGxxB5jica7Not3i6YI7xmcZZL/view

From the shareholder call:

"A lot of projects that are at this stage of advancement are usually capped at around 15% of the NPV of the project. That's more a standard project and this project's got exceptional economics so I expect we should be trading at a premium to that."

Today's RNS:

"DFS update increases Mahenge NPV to $430 million"

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15% of $430 million = $64.5 million or £51 million. Current market cap = £17.4 million.

So by that reckoning, ACP should be roughly 3x the current share price it stands at today.

Hugely undervalued as it stands and that's before funding news etc.

"The delivery of the updated DFS delivery confirms the enormous commercial potential of Mahenge and will support ongoing discussions for binding offtake agreements, debt package finance for construction and project level development funding."

"Matt suggested true value should be around 15% npv, which I think would be 9.3p (ish)"

And with the NPV set to be significantly increased in the upgraded DFS due imminently, that valuation is likely to increase quite a bit further north.

Sounding very positive indeed judging by the contents:

"DFS imminent
Funding talks well advanced - look out for RNS on that !"

"@WrightmanAIM may have a recording"

https://twitter.com/TheMoneySponge/status/1268183686861783040

Good write-up.

"The simple message here is, in my opinion, investors today at the current share price will likely see multiple returns on their investment and in a relatively short time-frame!"

"At £50m cap, sporting two tier 1 nickel assets (one construction ready), in what looks likely to be a rising nickel market with production in the sweet spot and diversification across the ferronickel and class1 nickel premium market, backed by a significant mining finance player, Horizonte for me is a stand out investment opportunity"

Heavy buying with 50k and 75k blocks being gobbled up at the highs of the day.

Definitely feels a bit leaky.

Very strong volume today.

Leaky / positive news about to break?

Buy rating, 55p target. A load of upside from the current price.
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proactive - Futura Medical reinitiated at ‘buy’ as Liberum forecasts MED3000 sales potential of £300mln

https://tinyurl.com/ycwrsy7l

“MIDAS SHARE TIPS: Economic woe as a result of coronavirus spells good news for one corner of the economy – insolvency practices”

https://www.thisismoney.co.uk/money/investing/article-8326155/MIDAS-SHARE-TIPS-Insolvency-practices-boosted-coronavirus.html

He's been buying shares:

https://soundcloud.com/thenakedtrader/radio-show-4 (from 1:18:54)