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Last 5.13 GBp
Change Today -0.125 / -2.38%
Volume 528.6K
As of 11:30 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

armadale capital plc (ACP) Snapshot

Open
5.25 GBp
Previous Close
5.25 GBp
Day High
5.25 GBp
Day Low
4.75 GBp
52 Week High
08/13/14 - 15.38 GBp
52 Week Low
05/29/15 - 2.48 GBp
Market Cap
2.2M
Average Volume 10 Days
1.1M
EPS TTM
-0.04 GBp
Shares Outstanding
42.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ARMADALE CAPITAL PLC (ACP)

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armadale capital plc (ACP) Details

Armadale Capital Plc is focused on investing in and developing a portfolio of investments in natural resources and related sectors in Africa. The company owns the right to an 80% interest in the Mpokoto Gold Project located in the Katanga Province in the south of the Democratic Republic of the Congo. It also processing waste coal fines and briquettes; and is involved in the treatment of acid mine drainage in the Witwatersrand basins. The company was formerly known as Watermark Global Plc and changed its name to Armadale Capital Plc in July 2013. Armadale Capital Plc was incorporated in 2005 and is based in London, the United Kingdom.

6 Employees
Last Reported Date: 05/28/15
Founded in 2005

armadale capital plc (ACP) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

armadale capital plc (ACP) Key Developments

Armadale to Commence Drilling Programme in Late July and Undertake Further Analysis of the Mpokoto Gold Project in the Katanga Province of the Democratic Republic of Congo

Armadale announced that it is to commence a 2,500 m drilling programme in late July and undertake further analysis of the geological work conducted to-date with a view to increasing the current 678,000 oz gold (‘Au’) resource and optimising the already compelling economics of the Mpokoto Gold Project (‘Mpokoto’ or the ‘Project’) in the Katanga Province of the Democratic Republic of Congo. The Project continues to be advanced towards commercial production, which is targeted to commence on first half of 2016. The proposed 2,500 m drilling programme will have several objectives including targeting primary and down dip mineralization beyond the planned present optimized pit limits. In particular, the recent work by CSA has highlighted the possibility of extensions of high grade mineralisation in sheared altered mafic rocks intersected in drill hole MPDD0064, which intercepted 27.9 metres @ 7.8 Au g/t. In addition, the geological work points toward laterally continuous zones of mineralisation. Further drilling will target near-surface "along strike mineralisation" which has the potential to substantially extend planned pits to the north-west. An Exploration Target of between 2.4 Mt to 3.0 Mt at a grade of 1.25 to 1.5 g/t Au for an additional 120,000 to 150,000 ounces of gold has been identified and the Company hopes to bring these ounces "to book" in the planned drilling programme. The programme is expected to commence during the next few weeks and is expected to take 8-12 weeks to complete, depending on conditions and number of drill rigs available. The geological review completed in 2014 revealed a strong structural control on the origin and geometry of mineralisation. The implication is that the extension of mineralisation can be extrapolated and targeted with a higher degree of confidence from known mineralised intercepts. This concept is at the base of the proposed drilling work for the expansion of the resource to the north-west. Work in this area should be implemented by way of step out drilling from the current most north-western drilling traverse on nominally 50 m spacing, so that the drilling can be adjusted in line with the intersection of mineralisation. Up to 400 m strike length of stacked mineralisation lenses can potentially be added to the resource base. Initially the near-surface mineralisation should be targeted to a depth of 75 m.

Armadale Capital Plc, Annual General Meeting, Jun 22, 2015

Armadale Capital Plc, Annual General Meeting, Jun 22, 2015., at 11:00 GMT Standard Time. Location: 55, Gower Street.

Armadale Capital plc Announces Consolidated Earnings Results for the Year Ended December 31, 2014

Armadale Capital Plc announced consolidated earnings results for the year ended December 31, 2014. For the year, the company reported operating loss of GBP 1,070,490 compared to GBP 3,265,116 a year ago. Loss before tax was GBP 1,077,697 compared to GBP 3,148,319 a year ago. Loss after tax for the year from continuing operations was GBP 1,077,697 compared to GBP 3,148,319 a year ago. Basic and fully diluted loss per share from continuing operations were 0.03 pence compared to 0.16 pence a year ago. Net cash used in operating activities was GBP 585,388 compared to GBP 735,168 a year ago. Expenditure on exploration and evaluation assets was GBP 651,156 against GBP 170,771 a year ago. The group does not have any revenue and has reported a loss of which a significant proportion relates to the impairment of the value of investment related to MRI.

 

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