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Armadale at 2.5p worth 4.4p?

2017-02-23 04:31:54

Beaufort is house broker to Armadale Capital (ACP) but its mining analyst Sheldon is a good stick and I am prepared to believe some of what he writes. That is me being generous. I don't want poor Sheldon bursting into tears like foxy brokerette Alice Lane who has, I gather, been again upset by what I wrote here. There really is no pleasing some folks. Anyhow Sheldon reckons the shares will go from 2.5p to 4.4p. 


Armadale - payoff for NED does not make sense.

2016-08-10 00:05:32

Okay the amount (just over £10,000) is not that big but why is Dr Andrew Tunks of Armadale Capital (ACP) getting a pay off at all?


Update from Armadale - we disagree with Mr Market: BUY

2016-05-08 23:53:54

Armadale Capital (ACP) has updated on work to develop and add further value to its Mpokoto gold project, alongside funding discussions.


Armadale - annoying placing, but...

2016-03-10 04:03:26

Armadale Capital (ACP) has announced an exploration programme targeting an increased life-of-mine and improved project economics for the Mpokoto gold project and has raised a further £0.21 million of new equity “to progress the commencement of this exploration programme ahead of anticipated initial gold production”. Hmmmm.


Armadale - DFS arrives but what is needed is the funding

2016-02-13 03:34:44

At long last Armadale (ACP) has published the DFS on Mpokoto. The market seems unimpressed and the shares trade at 2.75-3.25p. A number of things stand out.


Armadale Capital - DFS imminent: Buy

2016-02-06 05:19:44

We are aware that shares in Armadale Capital (ACP) have not exactly flown since our initial share tip.


Video interview with Armadale Capital at Gold & Bears

2015-12-23 01:53:40

Our friends Proactive recorded a number of video interviews with Companies presenting at Gold & Bears. First up is Armadale Capital (ACP) where we are on the shareholder list. Enjoy...


Armadale Capital fund raise: disappointing but Buy ( we have)

2015-12-20 01:10:34

Armadale Capital (ACP) has announced a 3p per share placing to raise gross proceeds of £0.42 million to support the next steps in the development of the company’s Mpokoto gold project, “including completion of the definitive feasibility study, continued ground works at the site, as well as providing general working capital”


Video: Armadale Capital presents at Gold & Bears November 2015

2015-12-17 02:07:26

As I noted with Kefi earlier, we want a bit more gold shares exposure in our portfolio and Armadale (ACP) is certainly cheap. So note the disclaimer again. Here is the reason why it is cheap explained in a presentation from Gold & Bears. Enjoy...


Zak Mir's Great Request Show: Armadale Capital, Inspired Energy, Nanoco

2015-12-11 01:23:45

If you want me to analyse a stock for you just drop me a line at - Today I look at shares in Armadale Capital (ACP), Inspired Energy (INSE) and Nanoco (NANO) setting share price targets for all three stocks.


Armadale Capital...a very good rumble from the jungle

2015-11-27 00:49:20

Armadale Capital (ACP) has updated on progress at its primary project Mpokoto, “which remains on track to commence production in H1 2016”


Buy Armadale Capital at a 4p offer - shares to double by Christmas

2015-10-03 07:41:01

Armadale Capital (ACP) has a dog of a stockmarket history, it is a AIM listed mining junior and its shares have slumped by 25% since it published a trading update a week or so ago. So that makes it..... a stonking buy ahead of a cracking three months of newsflow and because the numbers are so compelling.


Zak Mir's Bulletin Board Heroes: Armadale Capital, Aeorema Communications, Boxhill Technologies, Plutus Powergen, Rare Earth Minerals, ULS Technology

2015-10-01 23:43:12

Featuring shares in Armadale Capital (ACP), Aeorema Communications (AEO), Boxhill Technologies (BOX), Plutus Powergen (PPG), Rare Earth Minerals (REM), ULS Technology(ULS) with share price targets for all six stocks


Armadale awaits feasibility study

2015-08-20 03:30:26

Africa-focused gold and coal retreatment investment outfit Armadale Capital (ACP) is poised for the imminent completion of a definitive feasibility study on its flagship Mpokoto gold project in the mineral-rich Congolese province of Katanga. The AIM-quoted company, whose shares had fallen by so much it recently carried out a one-for-150 consolidation, raised £700,000 the other day at 3.5p to help take Mpokoto, where it owns 80%, into production in the first half of next year.


Armadale Capital – usual suspects ramping hard

2015-08-15 04:50:47

What a huge shock to see Armadale Capital (ACP) conduct a placing yesterday. Of the biggest surprises on AIM this year, Armadale’s fund raising has to be in the top three. There is no way anyone saw this coming. It wasn’t clearly sign-posted across social media at all. The recent 50% rally in Armadale’s share price over a week was definitely driven by fundamentals. The increased liquidity in the stock simply reflected enthusiastic investor demand for a prospective gold miner in the lower reaches of the market…


Zak Mir's Bulletin Board Heroes - Featuring Armadale Capital, Bahamas Petroleum, Cap-XX, Golden Saint, Stratmin Global Resources & Tertiary Minerals

2015-06-17 23:41:41

Featuring Armadale Capital (ACP), Bahamas Petroleum (BPC), Cap-XX (CPX), Golden Saint (GSR), Stratmin Global Resources (STGR) and Tertiary Minerals (TYM)


Armadale agrees Congo funding - shares could re-rate from here

2015-06-09 02:58:07

Shares in longstanding AIM loser Armadale Capital (ACP) have bounced following its heads of agreement with Belgian-owned Congolese group Africa Mining Contracting Services. This ‘introduces’ $20 million (£13 million) of debt to take Armadale’s Mpokoto gold and copper project in the Democratic Republic of Congo’s mineral-rich Katanga province into production next year. Floated nine years ago at 10p as mine drainage specialist Watermark Global, the company has lately seen its shares treble from a bombed-out 0.2p to 0.6p, twice the price of its £270,000 fund raising in March, on the hope that Mpokoto can start producing gold from the first half of 2016 at an annual rate of 25,000 oz. at an ‘all-in’ cost of $720 an ounce, against a present lacklustre gold price of $1,174.80c.


Zak Mir's Bulletin Board Heroes - Featuring Armadale Capital, Beowulf Mining, Edenville, Independent Oil & Gas, Minera, Victoria Oil & Gas

2015-06-09 00:40:08

Featuring Armadale Capital (ACP), Beowulf Mining (BEM), Edenville (EDL), Independent Oil & Gas (IOG), Minera (MIRL), Victoria Oil & Gas (VOG)


Armadale maintains production deadline

2015-05-23 01:32:47

Unloved AIM minnow Armadale Capital (ACP) says it is in ‘advanced discussions with potential partners’ to bring its 80%-owned low-grade Mpokoto gold project in the Democratic Republic of Congo into production ‘in the first half of 2016’. The company, whose shares have tumbled 70% from their 12-month high to a mere 0.03p, says it cut its losses by nearly a third last year to £1.1 million and awaits a definitive feasibility study, now ‘near completion’, into Mpokoto, where a scoping study last autumn suggested an increased resource estimate of 678,000 oz., with 1.45 grammes of gold per tonne of ore, along with opportunities to target exploration for another potential 120,000 to 150,000 oz.


Armadale seeks Congo gold resource boost

2015-01-15 09:40:12

AIM dog Armadale Capital (ACP) says it will spend 2015 upgrading and preparing its low-grade Mpokoto gold project in the Democratic Republic of Congo (DRC) to start production next year. The company, which has transformed itself from a South African coal briquetting and acid mine drainage specialist called Watermark Global into a would-be gold mine developer and lost 99% of its original stockmarket value along the way, indicates it has finalised a drilling programme for Mpokoto, in Congo’s mineral-rich province of Katanga, with a view to upgrading its present formal resource estimate of 678,00oz. with 1.45 grammes of gold per tonne of ore.


Scoping study cheer for Armadale Capital

2014-10-27 12:30:24

Armadale Capital (ACP) may be long out of favour with investors these days, but key director Justin Lewis is savouring a new scooping study which gives the AIM-quoted company’s Mpokoto gold project in the Democratic Republic of Congo’s mineral-rich Katanga province a net present value of $55.3 million(£34.5 million), ten times Armadale’s present stockmarket tag of £3.3 million.


Armadale awaits further transition - a high risk recovery punt

2014-05-27 03:29:49

Within a month or so, AIM-quoted Armadale Capital (ACP) hopes to have completed its transformation from a company with interests in cleaning up mines in South Africa to one backing fully fledged gold mining operations in the Democratic Republic of Congo and elsewhere. Whether this brings about a rehabilitation of Armadale’s shares, which have lost 99 per cent of their value since floating as Watermark Global at 10p eight years ago, with a treatment for acidic water in the mines of South Africa’s Witwatersrand, depends on two projects which the company’s present management is pushing ahead.


Armadale Capital: is Mpokoto too good to be true?

2014-03-12 13:13:13

An RNS this morning from Armadale Capital (ACP) made me sigh. The company announced a placement at 0.14p to raise £525,000 for the development of its Mpokoto gold project in southern Democratic Republic of Congo. “Oh well”, I thought, “here we go again...another member of AIM’s zombie club with 3.65billion shares soon to be in issue”.  “How do these companies keep raising money?” I mused. But was I being unfair?


Armadale Capital poised for commercial production – it could thrive

2014-01-20 13:30:46

Peter Marks, chairman of AIM minnow Armadale Capital (ACP), has something to celebrate just now, despite his company being involved in currently risky-seeming commodities, coal and gold, in politically risky parts of the world.

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