View Financial HealthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsArmadale Capital 배당 및 자사주 매입배당 기준 점검 0/6Armadale Capital 배당금을 지급한 기록이 없습니다.핵심 정보n/a배당 수익률-148.5%자사주 매입 수익률총 주주 수익률-148.5%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향n/a최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Sep 09Armadale Provides Update on Work at the Canyon Silver Project and on the Mahenge Graphite ProjectArmadale provided an update on work at the Canyon Silver project and on the Mahenge Graphite Project. Canyon Silver Project - The Company has made significant progress in opening up the historic workings at Canyon Silver project for further evaluation and sampling. However, overall progress has been slower than planned as the ground conditions have been more difficult than expected. Further sampling will be carried out after the reopening is complete, allowing the Company to access the potential of the project. As announced on 18 June 2024, initial assay results at the project produced high grade mineralization of up to 1010 g/t silver and 18% lead. The work carried out at the project since re-commencing work includes: Widening of the first 100 feet of the Canyon Silver No 2 Tunnel from 4 x 5 feet to 8 x 8 feet to allow passage of essential equipment. This tunnel was driven by hand in 1892 to intersect the Formosa Vein that outcropped c. 100 feet above it. This widening included some timbering and a large amount of barring down and rock-bolting to make it safe and usable for all activities. A Slusher station, Geophysical station, Diamond Drilling pad and small trackless operation can now be safely and effectively performed here. Recommissioning of the 1905 winze in the number 2 tunnel. All new timbering and steel ladders have been installed. This winze bottom was cleaned by hand of 35 feet of accumulated rock and debris that had built up since 1930. The winze is now completely equipped, safe and fully useable. allowing safe passage down into the No 3 Level 'parallel portal tunnel'. As the winze was sunk on the Formosa vein, that vein is in full accessible view all the way down the 100 ft between No 2 and 3 Levels. Outside the No 3 Portal, the original Change Room building and Compressor and Generator Room have been completely rebuilt. However, electrical and plumbing will only be installed when continuous year-round operations are in progress. The Original CSM 'outside' main haulage and entry road has now been re-established, being fully rebuilt and graded from No 3 Portal down to the base of the property, when the required permit is approved a 30 ton bridge will be placed to allow for a complete circular '1 way always' route to and from the mine. The new 'No 1 Portal and above' "road" is proceeding rapidly. This had to be cut into virgin, difficult, steep mountainside. Mahenge Graphite Project - The Company is closely monitoring the progress of graphite companies in Tanzania and is encouraged by the increased recent progress towards achieving project development funding in the country. Funding for mine development has been difficult over the last several years across the junior mining sector and the company is actively looking for ways to maximize the value of the project.New Risk • Jul 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£477k free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 50% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£1.96m market cap, or US$2.52m). Minor Risk Shareholders have been diluted in the past year (2.4% increase in shares outstanding).공시 • Jul 02Armadale Capital Plc, Annual General Meeting, Jul 30, 2024Armadale Capital Plc, Annual General Meeting, Jul 30, 2024. Location: level 2, 23 railway road, subiaco, western australia 6008, AustraliaNew Risk • Jun 30New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£477k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£477k free cash flow). Earnings have declined by 50% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£3.23m market cap, or US$4.08m). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change).공시 • Jun 20Armadale Capital plc Announces High Grade Results At Canyon SilverArmadale Capital Plc announced the first assay results of mineralisation exposed by the reopening of historic shafts have confirmed grades of silver and lead mineralisation of up to 1010 g/t silver and 18% lead. A sample of sulphide mineralisation was taken from both the number 2 and number 3 shafts with both samples producing high grades. The sample from shaft number 3 returned 1,010 g/t silver and 18.0% lead, while the sample from the number 2 shaft returned 412 g/t silver and 18.3% lead. Samples were assayed using XFR in accordance with the JORC code for mineralisation of this type. The deposit has been inaccessible since 1987 due to a cave-in which has now largely been cleared. The Canyon Silver are in the process of installing critical mining infrastructure, including air and water lines, with a further objective to reinstalling electrification up to the hoist room. Shareholders will be kept updated with progress as it is made. By continuing to open up both Number 2 and Number 3 portals further mineralisation is expected to be exposed in the coming weeks giving the company a good platform to fully explore the size and grade of the deposit. It is currently estimated that it will take 60 days to open up these portals allowing access to more of the deposit, and further work will be considered to open up ore passes and other access between the portal to expose further areas of mineralisation. With two open tunnels and the employment of modern geological techniques, Armadale believe significant value can be added to the historical information of the mine in a short period of time.공시 • May 25Armadale Capital plc Provides an Update on the Mahenge Liandu Graphite Project in TanzaniaArmadale Capital Plc to provide an update on the Mahenge Liandu graphite project in Tanzania. Global demand for graphite used in the anodes of electric vehicle batteries increased from 448,044 tonnes in 2022, to 631,821 tonnes in 2023, mainly due to a significant uplift in the volume of electric vehicles and household battery storage units produced. This represented a 41% increase in 2023 and demand is projected to reach 11,200,000 tonnes by 2040, according to The International Energy Agency. The use of natural graphite in batteries is pivotal to releasing stored energy and graphite is the largest weighted component in current battery chemistries. It has the potential to grow from 30% of the anode to 50% by 2030 - as referenced by Benchmark Minerals and others. The World Bank expects almost 53.8% of mineral demand from energy storage to come from graphite by 2050. This is almost a 500% increase in current demand levels, according to The World Bank's "The Mineral Intensity of the Clean Energy Transition" study. The Hague Centre for Strategic Studies forecasts EV Battery demand growing at a compound rate of 41% per annum from 2020 to 2025. With China moving towards being a net-natural importer of graphite, further deficits in the supply of natural graphite are forecast, according to Shruti Kashyap, Product Director of Anodes from Benchmark Mineral Intelligence. The Board is of the view that both the Chinese restriction on graphite exports, as well as the extension of US restrictions on the importation of Chinese graphite could have an impact on graphite prices. The near-term shortage of funded graphite projects and the forecast increasing global demand could lead to increased interest in obtaining graphite from non-Chinese sources. The forecast increase in demand, as well as the requirement for the US and Western economies to source non-Chinese graphite could provide significant momentum for Mahenge. The Board believes that the project will provide graphite with high purity, low cost and strong ESG credentials, alongside being located in Tanzania, which provides optionality for the western supply chain, especially the USA Armadale paused the FEED study whilst the Company monitored developments in the graphite market and the ability of graphite projects in Tanzania to obtain funding. With material progress on both fronts since then and the appointment of Greg Entwistle to the Armadale Board, the Company is considering recommencing the FEED study so the project is construction-ready when funding is secured. Recently, two nearby projects have made material progress on financing and development, which is encouraging for potential future progress at Mahenge. Black Rock Mining Ltd. have committed to invest $33 million AUD in upgrading roads, relocating the local populace and connecting hydro-electric power to Mahenge. Ecograf Ltd. have entered into an MOU with TANESCO to supply grid power from these power lines.공시 • May 03Armadale Capital plc Announces Update on Canyon Silver AssetArmadale Capital Plc announced further information on the assets relating to Africao American Incorporated ("AAI"), a company incorporated under the laws of the State of Idaho, the holding company of the Canyon Silver lead, zinc and silver exploration asset based in Northern Idaho, USA ("Canyon Silver"), as well as the Board's plan for future development of this asset. Historic production prior to the mine ceasing operations in 1972 was focused on the number three shaft which produced 25,000 tonnes of ore at a grade of 4 to 6 oz per tonne of silver, 6-13% lead and 2-4% zinc and exposed a further 48,000 metric tonnes of mineralisation within the main vein. The project has an additional three to four more veins to assess. In 1984 four truckloads of hand sorted ore were trucked to a local mill and returned exceptionally high grades as follows: Three 25t truck loads averaged. 36 oz/t Ag, 66% Pb and 10% Zn; One 25t truck load averaged. 50% Zn, 8 oz/t Ag, and 8% Pb. The high grade mineralisation near existing mine infrastructure presents a possible opportunity to unlock future cashflow for Armadale as the company progress renovations of the existing mine infrastructure and advance the exploration prospects. Work Programme: The management of AAI will approve a detailed work programme and budget with mining contractors. who have all the equipment, personnel, licenses, training programs and contacts to cater for all the work planned at Canyon Silver, including small underground and surface drill rigs which drill to 150m; which is more than sufficient for Phase 1 drilling. The main objectives at this time are to fully open and renovate the two main ore carrying tunnels. Tunnel No. 2 was a Formosa vein only and extends 97 Metres into the mountain side with the last 67 Metres believed to have lead, zinc and silver mineralisation. This may be confirmed when the tunnel is opened and extensive samples have been taken. Armadale's first task is to clean out any loose rock and sample, measure and model the vein seen in the hanging and footwall to ascertain the grades. Tunnel No. 3 went 137 Metres into the mountain before intersecting the Formosa vein it followed for over 60 Metres, stopping much of the ground above it along the way. Eventually No. 3, which was still following mineralisation, encountered an additional large, low grade orebody about 30 metres inside the mountain - demonstrating additional potential for the deposit. Canyon Silver has three tunnels, with shafts extending to veins located below surface at the following depths: 42 Metres, 73 Metres, 124 Metres, 182 Metres, 243 Metres. With the shaft vein being the only part previously mined, Armadale is in position to take advantage of the available development, whilst further exploring for additional resources. The East and South veins remain open, with four more veins above adit level. Armadale recently announced the addition of Greg Entwistle to the Board, who has a tremendous track record in building and operating mining projects - experience that will help move towards production, and a cashflow positive position for shareholders. Armadale continues to look at ways to reduce the burden on shareholders, as continue to benefit from material cost savings on infrastructure at Mahenge. The Canyon Silver Project is another string in bow to help reduce reliance on future dilutions to build cashflow.공시 • Feb 27Armadale Capital plc Announces an Update on Its Mahenge Liandu Project in TanzaniaArmadale Capital Plc announced an update on its Mahenge Liandu Project in Tanzania. The Company continues to focus on finalising the structure of the Government of Tanzania's 16% free carried interest of the Project and on securing project funding to allow the commencement of commercial production at the Project. While securing funding continues to remain challenging in the resources sector, strong global demand for high quality graphite remains. Discussions continue to progress with the Government of Tanzania regarding the framework and structure for their 16% carried interest. The Company is hopeful this will be finalised in conjunction with project funding. The Company is continuing the baseline environmental monitoring on site and has continued to work on the transport logistics planning for the Project. However, work on the FEED study has been scaled back in light of the challenging market conditions in order to preserve funds available on achieving development funding. The Company is continuing the baseline environmental monitoring on site and has continued to work on the transport logistics planning for the Project. However, work on the FEED study has been scaled back in light of the challenging market conditions in order to preserve funds available on achieving development funding. The Companyis continuing discussions with several potential financiers regarding the debt funding required for Project development. Continued strong demand fundamentals for graphite remain in place and there is projected to be an increasing demand as production of electric vehicles continues to increase. Graphite prices remain substantially above the prices used in the Company's feasibility study and the Board believes that these pricing levels will continue to be robust due to expected demand from the electric vehicle sector. Discussions with potential offtake partners continue.New Risk • Oct 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (UK£4.11m market cap, or US$5.04m). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results.공시 • May 13Armadale Capital Plc, Annual General Meeting, Jun 20, 2023Armadale Capital Plc, Annual General Meeting, Jun 20, 2023, at 08:30 Coordinated Universal Time. Location: Level 1, 48-50 Smith Street, Darwin Northern Territories Australia공시 • Feb 14Armadale Provides Update on Mahenge Liandu Project in TanzaniaArmadale Capital Plc announced that it has made further progress advancing towards commercial production at the Mahenge Liandu Project in Tanzania. This is an important strategic development as part of ongoing plans to expedite the path to commissioning commercial mining operations. Furthermore, the Company notes the improved investment climate which brings with it increased potential to attract development funding in Tanzania. Armadale notes the significant progress made at the neighbouring Black Rock Resources project over the last 12 months. The Board has accelerated the development of the mining lease at the Mahenge Liandu Project on several fronts, which collectively enhance the progression towards commercial mining operations: The Group continues to collect environmental baseline data as is required for the compliance of the mining lease and to assist in the design and planning of the proposed mining operations. In addition, the base line data for temperature, pressure, wind, moon phase, humidity, solar radiation, rainfall and stream flow data assists the local community to have access to regional weather data for local planning requirements in the Mahenge region. Planning is underway for Geotech drilling to commence this dry season, with the sites now prepared for the drill rig. The information from the proposed drilling program will enable the design of a plant and tails storage area. This information will enhance the data from the test pits that were completed last year. Logistics routes for the product continue to be assessed to determine the optimum methods to ensure the final product will enter the market at the desired price level. Discussions are ongoing with the Government of Tanzania regarding the framework for the 16% ownership, with draft Shareholder agreements, Articles of Association and Joint Financial model being submitted to both parties for review. The Group is continuing discussions with several potential financing partners regarding the debt funding required for project development. Moreover, significantly improved market fundamentals and conditions for graphite has seen an increase in interest from stakeholders capable of providing long-term project finance. Graphite prices have continued to increase due to strong ongoing demand from the EV sector, while Benchmark Mineral Intelligence see further price upside due to a potential supply deficit materialising in 2023. Current prices are materially above the level used in the company's feasibility study. Integral to securing project funding is lining up future off-take partners. With the post-Covid improvement in graphite market fundamentals globally, the Board has commenced re-engaging with prospective end-users which are located in Europe and China. The feasibility study completed in March 2020 confirms the potential for Mahenge Liandu to be a significant supplier of high quality graphite with a relatively low capex. USD 882 million pre-tax cashflow generated from initial 17 year mine life utilises just 25% of the resource, which remains open in multiple directions offering significant further upside; Estimated pre-tax NPV of USD 358 million and IRR of 91% with scope for further positive improvement upon economics in near-term through delivery of optimised DFS. Staged ramp-up planned to facilitate near term production with 60,000tpa graphite concentrate to be produced for the first four years (Stage 1) before increasing to 90,000tpa (Stage 2). Capital cost estimate for Stage 1 is USD 38.6 million, which includes a contingency of USD 4.1 million or 15% of total direct capital cost, a slight increase on the scoping study allowing for the staged ramp up. 1.6 year payback for Stage 1 (after tax) based on an average sales price of USD 1,179/t. Stage 2 expansion is expected to be funded from cashflow.분석 기사 • May 28Here's Why We're Not Too Worried About Armadale Capital's (LON:ACP) Cash Burn SituationJust because a business does not make any money, does not mean that the stock will go down. For example, although...Executive Departure • Apr 13Non-Executive Director has left the companyOn the 31st of March, Emmanuel Mahede's tenure as Non-Executive Director ended after 4.6 years in the role. As of December 2020, Emmanuel personally held 2.50m shares (UK£84k worth at the time). A total of 3 executives have left over the last 12 months.Executive Departure • Apr 03Non Executive Director has left the companyOn the 31st of March, Amne Suedi's tenure as Non Executive Director ended after 1.2 years in the role. We don't have any record of a personal shareholding under Amne's name. A total of 2 executives have left over the last 12 months.공시 • Jan 12Armadale Capital plc Reports Mahenge Natural Flake Graphite Testing Confirms Suitability for Use in Lithium-Ion Battery AnodesArmadale Capital plc reported that the results of the phase one test work undertaken on natural flake graphite from Armadale's 100%-owned Mahenge Graphite Project in south-east Tanzania have determined Mahenge graphite to be suitable for use in lithium-ion batteries commonly used in the exponentially evolving energy and high-tech sectors including the rapidly growing electric vehicle battery market.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 ACP 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: ACP 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Armadale Capital 배당 수익률 vs 시장ACP의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (ACP)n/a시장 하위 25% (GB)2.2%시장 상위 25% (GB)5.7%업계 평균 (Metals and Mining)2.6%분석가 예측 (ACP) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 ACP 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 ACP 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: 배당금 지급이 수익으로 충당되는지 확인하기 위해 ACP 의 지급 비율을 계산하기에는 데이터가 부족합니다.주주 현금 배당현금 흐름 범위: ACP 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YGB 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/11/14 09:56종가2024/11/12 00:00수익2024/06/30연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Armadale Capital Plc는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관David BuxtonCavendish
공시 • Sep 09Armadale Provides Update on Work at the Canyon Silver Project and on the Mahenge Graphite ProjectArmadale provided an update on work at the Canyon Silver project and on the Mahenge Graphite Project. Canyon Silver Project - The Company has made significant progress in opening up the historic workings at Canyon Silver project for further evaluation and sampling. However, overall progress has been slower than planned as the ground conditions have been more difficult than expected. Further sampling will be carried out after the reopening is complete, allowing the Company to access the potential of the project. As announced on 18 June 2024, initial assay results at the project produced high grade mineralization of up to 1010 g/t silver and 18% lead. The work carried out at the project since re-commencing work includes: Widening of the first 100 feet of the Canyon Silver No 2 Tunnel from 4 x 5 feet to 8 x 8 feet to allow passage of essential equipment. This tunnel was driven by hand in 1892 to intersect the Formosa Vein that outcropped c. 100 feet above it. This widening included some timbering and a large amount of barring down and rock-bolting to make it safe and usable for all activities. A Slusher station, Geophysical station, Diamond Drilling pad and small trackless operation can now be safely and effectively performed here. Recommissioning of the 1905 winze in the number 2 tunnel. All new timbering and steel ladders have been installed. This winze bottom was cleaned by hand of 35 feet of accumulated rock and debris that had built up since 1930. The winze is now completely equipped, safe and fully useable. allowing safe passage down into the No 3 Level 'parallel portal tunnel'. As the winze was sunk on the Formosa vein, that vein is in full accessible view all the way down the 100 ft between No 2 and 3 Levels. Outside the No 3 Portal, the original Change Room building and Compressor and Generator Room have been completely rebuilt. However, electrical and plumbing will only be installed when continuous year-round operations are in progress. The Original CSM 'outside' main haulage and entry road has now been re-established, being fully rebuilt and graded from No 3 Portal down to the base of the property, when the required permit is approved a 30 ton bridge will be placed to allow for a complete circular '1 way always' route to and from the mine. The new 'No 1 Portal and above' "road" is proceeding rapidly. This had to be cut into virgin, difficult, steep mountainside. Mahenge Graphite Project - The Company is closely monitoring the progress of graphite companies in Tanzania and is encouraged by the increased recent progress towards achieving project development funding in the country. Funding for mine development has been difficult over the last several years across the junior mining sector and the company is actively looking for ways to maximize the value of the project.
New Risk • Jul 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£477k free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 50% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£1.96m market cap, or US$2.52m). Minor Risk Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
공시 • Jul 02Armadale Capital Plc, Annual General Meeting, Jul 30, 2024Armadale Capital Plc, Annual General Meeting, Jul 30, 2024. Location: level 2, 23 railway road, subiaco, western australia 6008, Australia
New Risk • Jun 30New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£477k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£477k free cash flow). Earnings have declined by 50% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£3.23m market cap, or US$4.08m). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change).
공시 • Jun 20Armadale Capital plc Announces High Grade Results At Canyon SilverArmadale Capital Plc announced the first assay results of mineralisation exposed by the reopening of historic shafts have confirmed grades of silver and lead mineralisation of up to 1010 g/t silver and 18% lead. A sample of sulphide mineralisation was taken from both the number 2 and number 3 shafts with both samples producing high grades. The sample from shaft number 3 returned 1,010 g/t silver and 18.0% lead, while the sample from the number 2 shaft returned 412 g/t silver and 18.3% lead. Samples were assayed using XFR in accordance with the JORC code for mineralisation of this type. The deposit has been inaccessible since 1987 due to a cave-in which has now largely been cleared. The Canyon Silver are in the process of installing critical mining infrastructure, including air and water lines, with a further objective to reinstalling electrification up to the hoist room. Shareholders will be kept updated with progress as it is made. By continuing to open up both Number 2 and Number 3 portals further mineralisation is expected to be exposed in the coming weeks giving the company a good platform to fully explore the size and grade of the deposit. It is currently estimated that it will take 60 days to open up these portals allowing access to more of the deposit, and further work will be considered to open up ore passes and other access between the portal to expose further areas of mineralisation. With two open tunnels and the employment of modern geological techniques, Armadale believe significant value can be added to the historical information of the mine in a short period of time.
공시 • May 25Armadale Capital plc Provides an Update on the Mahenge Liandu Graphite Project in TanzaniaArmadale Capital Plc to provide an update on the Mahenge Liandu graphite project in Tanzania. Global demand for graphite used in the anodes of electric vehicle batteries increased from 448,044 tonnes in 2022, to 631,821 tonnes in 2023, mainly due to a significant uplift in the volume of electric vehicles and household battery storage units produced. This represented a 41% increase in 2023 and demand is projected to reach 11,200,000 tonnes by 2040, according to The International Energy Agency. The use of natural graphite in batteries is pivotal to releasing stored energy and graphite is the largest weighted component in current battery chemistries. It has the potential to grow from 30% of the anode to 50% by 2030 - as referenced by Benchmark Minerals and others. The World Bank expects almost 53.8% of mineral demand from energy storage to come from graphite by 2050. This is almost a 500% increase in current demand levels, according to The World Bank's "The Mineral Intensity of the Clean Energy Transition" study. The Hague Centre for Strategic Studies forecasts EV Battery demand growing at a compound rate of 41% per annum from 2020 to 2025. With China moving towards being a net-natural importer of graphite, further deficits in the supply of natural graphite are forecast, according to Shruti Kashyap, Product Director of Anodes from Benchmark Mineral Intelligence. The Board is of the view that both the Chinese restriction on graphite exports, as well as the extension of US restrictions on the importation of Chinese graphite could have an impact on graphite prices. The near-term shortage of funded graphite projects and the forecast increasing global demand could lead to increased interest in obtaining graphite from non-Chinese sources. The forecast increase in demand, as well as the requirement for the US and Western economies to source non-Chinese graphite could provide significant momentum for Mahenge. The Board believes that the project will provide graphite with high purity, low cost and strong ESG credentials, alongside being located in Tanzania, which provides optionality for the western supply chain, especially the USA Armadale paused the FEED study whilst the Company monitored developments in the graphite market and the ability of graphite projects in Tanzania to obtain funding. With material progress on both fronts since then and the appointment of Greg Entwistle to the Armadale Board, the Company is considering recommencing the FEED study so the project is construction-ready when funding is secured. Recently, two nearby projects have made material progress on financing and development, which is encouraging for potential future progress at Mahenge. Black Rock Mining Ltd. have committed to invest $33 million AUD in upgrading roads, relocating the local populace and connecting hydro-electric power to Mahenge. Ecograf Ltd. have entered into an MOU with TANESCO to supply grid power from these power lines.
공시 • May 03Armadale Capital plc Announces Update on Canyon Silver AssetArmadale Capital Plc announced further information on the assets relating to Africao American Incorporated ("AAI"), a company incorporated under the laws of the State of Idaho, the holding company of the Canyon Silver lead, zinc and silver exploration asset based in Northern Idaho, USA ("Canyon Silver"), as well as the Board's plan for future development of this asset. Historic production prior to the mine ceasing operations in 1972 was focused on the number three shaft which produced 25,000 tonnes of ore at a grade of 4 to 6 oz per tonne of silver, 6-13% lead and 2-4% zinc and exposed a further 48,000 metric tonnes of mineralisation within the main vein. The project has an additional three to four more veins to assess. In 1984 four truckloads of hand sorted ore were trucked to a local mill and returned exceptionally high grades as follows: Three 25t truck loads averaged. 36 oz/t Ag, 66% Pb and 10% Zn; One 25t truck load averaged. 50% Zn, 8 oz/t Ag, and 8% Pb. The high grade mineralisation near existing mine infrastructure presents a possible opportunity to unlock future cashflow for Armadale as the company progress renovations of the existing mine infrastructure and advance the exploration prospects. Work Programme: The management of AAI will approve a detailed work programme and budget with mining contractors. who have all the equipment, personnel, licenses, training programs and contacts to cater for all the work planned at Canyon Silver, including small underground and surface drill rigs which drill to 150m; which is more than sufficient for Phase 1 drilling. The main objectives at this time are to fully open and renovate the two main ore carrying tunnels. Tunnel No. 2 was a Formosa vein only and extends 97 Metres into the mountain side with the last 67 Metres believed to have lead, zinc and silver mineralisation. This may be confirmed when the tunnel is opened and extensive samples have been taken. Armadale's first task is to clean out any loose rock and sample, measure and model the vein seen in the hanging and footwall to ascertain the grades. Tunnel No. 3 went 137 Metres into the mountain before intersecting the Formosa vein it followed for over 60 Metres, stopping much of the ground above it along the way. Eventually No. 3, which was still following mineralisation, encountered an additional large, low grade orebody about 30 metres inside the mountain - demonstrating additional potential for the deposit. Canyon Silver has three tunnels, with shafts extending to veins located below surface at the following depths: 42 Metres, 73 Metres, 124 Metres, 182 Metres, 243 Metres. With the shaft vein being the only part previously mined, Armadale is in position to take advantage of the available development, whilst further exploring for additional resources. The East and South veins remain open, with four more veins above adit level. Armadale recently announced the addition of Greg Entwistle to the Board, who has a tremendous track record in building and operating mining projects - experience that will help move towards production, and a cashflow positive position for shareholders. Armadale continues to look at ways to reduce the burden on shareholders, as continue to benefit from material cost savings on infrastructure at Mahenge. The Canyon Silver Project is another string in bow to help reduce reliance on future dilutions to build cashflow.
공시 • Feb 27Armadale Capital plc Announces an Update on Its Mahenge Liandu Project in TanzaniaArmadale Capital Plc announced an update on its Mahenge Liandu Project in Tanzania. The Company continues to focus on finalising the structure of the Government of Tanzania's 16% free carried interest of the Project and on securing project funding to allow the commencement of commercial production at the Project. While securing funding continues to remain challenging in the resources sector, strong global demand for high quality graphite remains. Discussions continue to progress with the Government of Tanzania regarding the framework and structure for their 16% carried interest. The Company is hopeful this will be finalised in conjunction with project funding. The Company is continuing the baseline environmental monitoring on site and has continued to work on the transport logistics planning for the Project. However, work on the FEED study has been scaled back in light of the challenging market conditions in order to preserve funds available on achieving development funding. The Company is continuing the baseline environmental monitoring on site and has continued to work on the transport logistics planning for the Project. However, work on the FEED study has been scaled back in light of the challenging market conditions in order to preserve funds available on achieving development funding. The Companyis continuing discussions with several potential financiers regarding the debt funding required for Project development. Continued strong demand fundamentals for graphite remain in place and there is projected to be an increasing demand as production of electric vehicles continues to increase. Graphite prices remain substantially above the prices used in the Company's feasibility study and the Board believes that these pricing levels will continue to be robust due to expected demand from the electric vehicle sector. Discussions with potential offtake partners continue.
New Risk • Oct 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (UK£4.11m market cap, or US$5.04m). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results.
공시 • May 13Armadale Capital Plc, Annual General Meeting, Jun 20, 2023Armadale Capital Plc, Annual General Meeting, Jun 20, 2023, at 08:30 Coordinated Universal Time. Location: Level 1, 48-50 Smith Street, Darwin Northern Territories Australia
공시 • Feb 14Armadale Provides Update on Mahenge Liandu Project in TanzaniaArmadale Capital Plc announced that it has made further progress advancing towards commercial production at the Mahenge Liandu Project in Tanzania. This is an important strategic development as part of ongoing plans to expedite the path to commissioning commercial mining operations. Furthermore, the Company notes the improved investment climate which brings with it increased potential to attract development funding in Tanzania. Armadale notes the significant progress made at the neighbouring Black Rock Resources project over the last 12 months. The Board has accelerated the development of the mining lease at the Mahenge Liandu Project on several fronts, which collectively enhance the progression towards commercial mining operations: The Group continues to collect environmental baseline data as is required for the compliance of the mining lease and to assist in the design and planning of the proposed mining operations. In addition, the base line data for temperature, pressure, wind, moon phase, humidity, solar radiation, rainfall and stream flow data assists the local community to have access to regional weather data for local planning requirements in the Mahenge region. Planning is underway for Geotech drilling to commence this dry season, with the sites now prepared for the drill rig. The information from the proposed drilling program will enable the design of a plant and tails storage area. This information will enhance the data from the test pits that were completed last year. Logistics routes for the product continue to be assessed to determine the optimum methods to ensure the final product will enter the market at the desired price level. Discussions are ongoing with the Government of Tanzania regarding the framework for the 16% ownership, with draft Shareholder agreements, Articles of Association and Joint Financial model being submitted to both parties for review. The Group is continuing discussions with several potential financing partners regarding the debt funding required for project development. Moreover, significantly improved market fundamentals and conditions for graphite has seen an increase in interest from stakeholders capable of providing long-term project finance. Graphite prices have continued to increase due to strong ongoing demand from the EV sector, while Benchmark Mineral Intelligence see further price upside due to a potential supply deficit materialising in 2023. Current prices are materially above the level used in the company's feasibility study. Integral to securing project funding is lining up future off-take partners. With the post-Covid improvement in graphite market fundamentals globally, the Board has commenced re-engaging with prospective end-users which are located in Europe and China. The feasibility study completed in March 2020 confirms the potential for Mahenge Liandu to be a significant supplier of high quality graphite with a relatively low capex. USD 882 million pre-tax cashflow generated from initial 17 year mine life utilises just 25% of the resource, which remains open in multiple directions offering significant further upside; Estimated pre-tax NPV of USD 358 million and IRR of 91% with scope for further positive improvement upon economics in near-term through delivery of optimised DFS. Staged ramp-up planned to facilitate near term production with 60,000tpa graphite concentrate to be produced for the first four years (Stage 1) before increasing to 90,000tpa (Stage 2). Capital cost estimate for Stage 1 is USD 38.6 million, which includes a contingency of USD 4.1 million or 15% of total direct capital cost, a slight increase on the scoping study allowing for the staged ramp up. 1.6 year payback for Stage 1 (after tax) based on an average sales price of USD 1,179/t. Stage 2 expansion is expected to be funded from cashflow.
분석 기사 • May 28Here's Why We're Not Too Worried About Armadale Capital's (LON:ACP) Cash Burn SituationJust because a business does not make any money, does not mean that the stock will go down. For example, although...
Executive Departure • Apr 13Non-Executive Director has left the companyOn the 31st of March, Emmanuel Mahede's tenure as Non-Executive Director ended after 4.6 years in the role. As of December 2020, Emmanuel personally held 2.50m shares (UK£84k worth at the time). A total of 3 executives have left over the last 12 months.
Executive Departure • Apr 03Non Executive Director has left the companyOn the 31st of March, Amne Suedi's tenure as Non Executive Director ended after 1.2 years in the role. We don't have any record of a personal shareholding under Amne's name. A total of 2 executives have left over the last 12 months.
공시 • Jan 12Armadale Capital plc Reports Mahenge Natural Flake Graphite Testing Confirms Suitability for Use in Lithium-Ion Battery AnodesArmadale Capital plc reported that the results of the phase one test work undertaken on natural flake graphite from Armadale's 100%-owned Mahenge Graphite Project in south-east Tanzania have determined Mahenge graphite to be suitable for use in lithium-ion batteries commonly used in the exponentially evolving energy and high-tech sectors including the rapidly growing electric vehicle battery market.