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results not great, and need a lot of work.
i made a few buys for the following reasons:
1. investments aren't at £249k - lindian is up 50% this morning. mantengu is up around 80% since the value was recorded. i do believe it was bad timing.
2. market simply doesn't believe in the silver project, but looking at the grades, and the pathway to building revenue, - it looks like a no-brainer to me. plenty of proving up to do, but nothing tells me it's a **** project.
3. market is not liking the waiting on mahenge. many have been saying for years that we're waiting on bkt, and whilst others said it's not the case, we then saw an rns confirming as much. we're still waiting on bkt.
there's still plenty that needs to be changed:
1. the £150,000 in outstanding subscription money needs to be placed.
2. we need to see bkt progress.
3. more tangible progress on the silver front to shut down the naysayers
4. half-year results need to show an improvement with the investments.
aside from that, i can understand the emotions exhibited by shareholders, but i can understand how the naysayers are still holding, and continue to bash as they smash their own investments down.
markets work in cycles, and we're pretty much at the deep end of a bear market/start of a bull market. it's usually where prices can be most depressed. i'm not going to let anyone that hasn't invested through cycles tell me otherwise, which is why i continue to add.
are there risks? of course. more so than any other junior? of course not.
we have 2 projects, one progressing, the other waiting to progress. graphite hasn't had the bull run we've all anticipated, and that's something we can track across all graphite shares. we still need that to happen, and the silver project is the opportunity to minimise equity dilution for mahenge. people are just tired of waiting, but that's what you do with junior miners.
Kicked in the nads but still smiling because it only caught one.
These over reactionary dumps are often followed by hug rebounds, and can mark bottoms in share prices.
I put on my big boy pants and bought a few more shares.
That was a nice little trade then, well done, it's not an easy thing to do.
Lol Dan no id imagine its something you ve never done before :)
Dee we have 2 projects and £3 in the bank hence the huge drop in Sp
How do you think we intent on moving forward with no funds?
Anybody seen or heard from Wasa?
Kind regards
Wasa got done in HZM, seems like a nice guy but I think he's been had here. It's bad luck, hope he recovers.
Also in GRL which is another pig
‘How do you think we intent on moving forward with no funds?’
Probably come cap in hand to retail investors next, (ignored them for years) if they can’t get their wages out of them they’ll head for a bit of death spiral finance.
You talk about wages as if they're not one of the lowest on AIM. It was the use of the word imminent, now it's wages.
Look at the sp Dan, do you think MB is worth a £30k wage rise last year followed by another £10k this year on that performance. Oh don’t tell me it’s the market, it’s because of BKT, it’s because it’s been a tough year, it’s because of China, it’s because it’s Africa. This could imminently fail.
Dan wake up mate ffs ..! Surely you arn’t that guilable
As i satated also how do you expect them to progress with no cash? Look forward to hearing you’re response
Leathal, I'm presuming you took the loss and sold your shares today?
If not then please don't be telling me, or anyone else for that matter, to 'wake up'.
Clueless!! Or a hidden agenda can only be either of those for you to defend this shower
1. You are in no position to be calling anyone clueless.
2. You're paranoid. How many times have people shown you their investments and trade history to prove to you that they are not trading Armadale, just to ease your emotions and make you feel better?
its not about being paranoid its about admiting defeat when its done rather than consistently defending something thats cleary ****ed
makes no sense to me this is why i cant help think there is some kind of hidden agenda
makes no sense to me somebody who thinks his/her investment is ****ed yet carries on holding.