BUY ACP
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.â€
Score: 92.50