By Robert Tyerman | Tuesday 27 May 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
Already a subscriber? Click here to sign in
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |
Site by Everywhen