Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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Looks like they’ve forgotten to feed the meter again!
We may hit the jackpot with the reopening of this Silver mine, imagine they find a big resource there
A bit of silver ore found!
https://x.com/armadalecapital/status/1800034321316888669?s=61&t=iGwN06MTvXMFS5Z_VwueBg
You are full of it !!!!!!
Lingering stench springs to mind.
Anyway he’s way too busy selling the Burraga Project to help finance the Grace Gold-Copper Project over at Paterson Resources to worry about little old ACP.
Someone sold £3k’s worth constitutes the market!?
It’s not his fault, it’s the markets fault
Market seeing right through Matt Bull. No amount of ramping going to convince it otherwise
Switch off and enjoy……nothing to see here
Living it up at the Palms in Zanzibar - amazing place to relax.
That’s the wrong question, you should be asking why did the BOD’s say “With project financing, a mining licence and commencement of mine construction all imminent, Mahenge, and indeed Armadale, is on the cusp of transformation.”
The market knew after 1 month, because you are part of the market and you knew.....So what is your actual excuse for not acting on that knowledge of 559 days?
559 days and you failed to act...
559 days!
1. If they said they were raising the money then people were legally bound to that. It is a contract.
2. Update is just an update and a reminder that not all is forgotten about graphite and it is still viable but awaiting the reasons stated. Many AIM explorers have multi commodity projects running concurrently.....The graphite is NOT progressing UNTIL a MORE FAVOURABLE position is in place to do so....concentrate all you like, it ain't happening without BKT.....or if BKT fails then back to plan A and build out roads ourselves, use diesel gens and truck it alllll the way to port and have poor ESG and smaller market opportunities....take your pick.
Don't tend to post now as consider this BB has turned into a "Bickering Board", but must admit some interesting posts today - cheers ATD and IS in particular. My questions/input
1. Does anybody know if the Subscription to raise £650,000 announced in RNS of 24 April was successful?. The RNS on the 14 May mentions $150,000 of the initial $500,000 required. RNS of 15 May mentioned a delay to trading of additional shares on AIM.
2. I have my personal thoughts about the "silver project" which I won't disclose, but with my cynical hat on, I just wonder if the finance raise for that project didn't go well (see point 1 above), maybe they have realised that SH's want them to concentrate on the graphite project, hence the update today?
3. On a positive note, we've had x5 RNS's in the last month, must admit haven't checked the quality of their website recently (that's a joke)
Thoughts most welcome.
“With project financing, a mining licence and commencement of mine construction all imminent, Mahenge, and indeed Armadale, is on the cusp of transformation. Ultimately, Mahenge’s value potential is clear, and it is our responsibility and focus to convert this into meaningful returns for our stakeholders. To deliver on this, we have devised a staged development plan giving a fast-tracked, low-cost route to production. This is truly an exciting time of development.”
Fast tracked the h ell out of this resource haven’t they, guess no one was complaining as they mislead their investors all the way through the rise. Took them 2 years to tell the market that they paused the phase 2 feed studies.
I apologise for underestimating Amthick's stupidity....I am led to believe it was 559 days knowing that imminent was not imminent and had every opportunity to walk away....must be the worst trader in AIM....
4. Total lie to say company said funded to production. RNS said 'bring the Project to the commencement of construction phase'.....albeit there are a few lines that talk about construction financing, however NOTHING says funded to production. That construction 'phase' is FEED studies and finance etc. so the end of the testing phases/economic studies and then the steps required to get it into construction. In any case NO company is going to get to 'production' without stumping up a portion of CAPEX unless they get a free carry by a partner buying in etc.
It did state that the raise was principally for DFS completion.
The CLN was for additional working capital
The raise - Amongst other things 'Complete DFS optimisation from detailed modelling of higher-grade zones to increase head grade in the mine schedule'. This proved to be a successful choice improving the economics.
Perhaps he should have just raised £2m and have been done with it.....however raises/CLNs were small and price of strike for them went up, rather than all £2m at 1.8p. Only a fool would believe that a company could do a DFS, have working capital, submit mining licences, do a FEED, do test work, submit an EISA.....with £500k.
Thing is no one was duped here in the fact that the share price rise from 1.8p to 6.2p after all these things happened....no one was complaining, so why are you complaining now?
Bit like Amthick that knew for 320 days of profit that imminent wasn't imminent, but choosing to ignore their own determination of that fact still held the shares and now blames someone else. They even said oh you are so right about the points 4 and 5.....yet they suffered ZERO loss of money because of this, they actually made money over this timescale. Complete hypocrite.
5. There are NO RNSs in H1 2020 that have the words 'finance imminent'. So that is another lie.
Feb 20 the Chairman stated this -Armadale Chairman, Nick Johansen, said: “With one of the largest high-grade resources in Tanzania this dovetails perfectly with our ongoing commitment to push the envelope to transform into an emerging producer by H1 2021.
So you can either not read or just lying again....
Surely by their own RNS, the BID must see that the time is right to be market ready !!!
So why - ''the Company is considering recommencing the FEED study so the project is construction-ready when funding is secured.'' ?????
Have we not been CONSIDERING and ponsing about for FAR TOO LONG !!!
Get this bleeding show on the road NOW !!!!!
It’s as bad as the rosetint gang Isle, Silver mine, “that looks good”, today’s RNS “great update”. What’s great about today’s update?
@ Haffyplan. @ Jamtart.
I won't filter anyone. Everyone is entitled to an opinion. Not everyone will agree with these opinions. But it's the relentless posting of the same old thing. To keep informing everyone here, who is invested, about the lack of progress, just insults everyone. There is no need for it.
Isle, you are spot on. I filtered idiot 2, rht, weeks ago and idiot 1 amtech about two years ago. I have no idea why these parasites infest the board. What I do know is if everyone filtered them then they would only be talking to each other ! Just what they deserve....
RHT, I have one question for you.
Can you show us on the doll, where Dee hurt you.
Ta.