Armadale Capital Ratings

BUY by REDDEVON on 24 Jul 2013 16:27

Price at rating: 0.12, now:

AMD NEWS 31st JULYr [link] r MRI Owned 40% by ACP have the most cost effective bankable solution.

Score: 18.75

BUY by REDDEVON on 23 Jul 2013 09:06

Price at rating: 0.12, now:

News for AMD Feasibility study for a long term solution due in the next 8 days. Mine Restoration Investments have one of the leading and cheapest solutions and have a bankable solution to the problem. MRI [link] 40.37% owned by ACP.r [link]

Score: 85.00

BUY by REDDEVON on 22 Jul 2013 13:02

Price at rating: 0.11, now:

Peter Marks, Chairman of Armadale, said, “I am pleased to report that MRI is in the final stages of constructing and commissioning its coal briquetting plant in South Africa, with operations on track to reach full production in September 2013. Furthermore, with MRI’s coal briquetting operations now fully funded through to commercial production, we are confident that Armadale’s interest in MRI will generate a return for the Company as we look to expand our investment portfolio. In line with this, we are examining a number of prospective projects operating in the natural resources and infrastructure sectors to generate value for Armadale and its shareholders, which we hope to announce in the near term.”

Score: 92.50

BUY by REDDEVON on 21 Jul 2013 17:57

Price at rating: 0.11, now:

With a company about to churn out 5000 tons of briquettes a month with a value of 720Rand a ton(do the maths) It won't be too long before the MRI shares are on the radar and the loan paid back. ACP are in the mean time getting a healthy 10.5% interest on this outstanding loan. r MRI stated back in May it is expected that the commercial commissioning of the project will commence in July 2013, with full production commencing in September 2013. They have stated again this week that everything is on track and fully funded. "It is still expected that commissioning of the project will commence end July 2013, with first briquette production in August 2013.r Continuous, on-specification briquette production is targeted for September 2013". r End of July is upon us, this is happening and happening now. ACP own 40.27% of MRI, happy days.

Score: 85.00

BUY by REDDEVON on 19 Jul 2013 10:12

Price at rating: 0.09, now:

Briquetting update this month. News very soon.

Score: 100.00