Market's view on Armadale Capital
Published on April 2024
- Concerns about potential scams within the company, with speculation about the involvement of key figures and a general sentiment of hopelessness among investors, waiting for a hopeful turnaround.
- Positive outlook on a project, perceived as a good investment opportunity.
- Anticipation for Blackrock to finalize their funding documentation, expected to complete in a few weeks.
- Inquiry about the status of the graphite project without further details.
- Detailed explanation of the Canyon Silver project, highlighting the strategic opportunity it presents in North America due to local production and demand for silver, lead, and zinc.
- Sarcasm about the company possibly needing new equipment to monitor environmental conditions at a new prospect.
- Mention of a presentation from Blackrock that took place earlier in the month.
- Positive news and progress reported for a specific region.
- Clarification that an upcoming capital raise is for pre-final investment decision purposes, not an equity raise.
- Discussion about a trading halt at BKT pending an equity raise at a discounted rate, seen as a positive step forward.
- Optimistic views on Blackrock obtaining finance, aiding a neighboring project which could significantly benefit the Mahenge graphite region.
- Report of limited stock availability for purchase, suggesting a tightly held market.
- Positive market movement observed, with hopes for a sustained rise in stock prices.
- Announcement of significant financing secured by Blackrock from CRDB, a major Tanzanian commercial bank, viewed as highly favorable.
- Various indications of market dynamics, including thin trading volumes and new buyer interest.