...the "Last trade" prices you've been showing have been less than those showing on other sites and frankly I trust their figures rather than yours. This is largely because of the number of times you've given a price for "Today's high" which was less than that of the "Last trade" or one for "Today's low" which was higher than it. This is really quite poor for a trading platform. Perhaps it wouldn't be so bad in the financial section of The Morning Star, but for a financial website...
Also note the bench marking here. I firmly believe this could be a 10 times the current rating share very soon,hence the enthusiasm..Good luck..
As mentioned, ACPs project is near Kibaran Resources Epanko project, which has a proved and probable 10.9mln tonne ore reserve, a bankable feasibility study and an off-take deal with metals giant ThyssenKrupp.
ASX-listed Kibaran, with a market capitalisation of £25mln, provides a potential benchmark valuation for ACP (worth around £1.4mln).
The same goes for Blackrock Mining, another Tanzania focused Aussie graphite play (market cap £7mln).
Proven and Probable Ore Reserves of 10.9 Mt at 8.6% TGC
Annual EBITDA of US$33.6m for 15 years
Revenue Price US$1,466/t of concentrate, opex FOB Dar es Salaam $570/t
Metallurgical Results: 85.7% of distribution > than 106 micron, carbon conc. of 96.3% TGC
And don't forget the 600,000 oz gold prospect also.
It seems fairly certain this company is going to grow at an amazing pace..
I'm in and look forward to seeing this rise and rise and rise!
Broker note from Beaufort, taken from researchtree: "With the proposed graphite acquisition Armadale is focused on diversifying its portfolio in the African resource sector. The company is looking to capitalise on the expected growth in the graphite market driven by increasing applications particularly in the energy storage market. We look forward to updates following completion of the transaction as well as further developments on the Mpokoto gold project. In the meantime, we..."
Read VSA Capital's note on ARMADALE CAPITAL PLC (ACP), out this morning, by visiting https://www.research-tree.com/company/GB00BYMSY631
"Ongoing exploration on the Mpokoto gold project in the Democratic Republic of Congo by Armadale Capital (ACP), despite the heavy rain, has resulted in 53 holes completed to date in an augur drilling program. Panned spoils of the soils have yielded gold, a good indication that the mineralised corridors do in fact continue to the north-west and south-east of the current compliant resource. Once completed the augur program will be tightened up on its spacing to finalise the best drill locations for a 2,500m diamond drill program ..."
Not so great if you'd acted on Wonky_aim's as expressed on 10/11/15, though! Perhaps that's a tad unfair as he may well be proven right if and when funding is secured. There are those much more knowledgeable than me who are keeping an eye on this stock...
Cheers for that t237 - I was on the hop but sure I saw what I thought was a holdings RNS dated today (not the one dated exactly a moth yesterday ago), but perhaps I was mindful that an RNS had been released and I confused the two. If so, and in my defence, iii has form for not displaying RNSs (even to its paying customers when logged in!) in anything approaching a timely manner, and that's really quite poor when info. relating to such a significant development as a feasibility study has been released to the market! Hmph!
Armadale Capital (ACP) has updated on progress at its primary project Mpokoto, which remains on track to commence production in H1 2016
This is with results from additional metallurgical testwork which the company reckons will favourably impact the projected economics of the project expected shortly and these to support finalisation of a definitive feasibility study targeted by the year end.
There is also positive exploration news with an extensive soil sampling programme having identified a number of new gold anomalies and a proposed strategic alliance with local drilling company Alpha Drilling, which would see the company having permanent access to two drill rigs at very competitive rates, which importantly can be operated throughout the wet season.
On recommending the shares at a 3.75p offer price in September we noted that we particularly expected positive financing news to drive a major re-rating and the company now updates on continued constructive engagement to conclude the financing agreement We look forward to updating shareholders on these milestones in the coming weeks and months ahead.
Ahead of these updates and with the shares at a current circa 5p, we would hang on. Get good news on that front and these shares will zoom ahead.
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