vcm11

1.40p 2.32p resistance / 0.95p support /Graphite play

LSE:ACP   ARMADALE CAPITAL PLC ORD 0.1P
$30m capex to $300m NPV Graphite mining play
Last placing at 1.1p & possibly a good price for entry around there.
Warrants at 2.2p within 3 years.
Please be aware that Paul Johnson is now on the ACP board.

-- Test-work programme aimed to progress the MOU to a binding agreement is planned to start before the end of Q1 2019
-- Discussions regarding the remaining 19,000tpa of production ongoing with a number of potential customers
-- Feasibility study drilling completed with further site activities

- Don't hold any shares -

A higher risk play as down trend hasn't been reversed & no confirmation of it as yet.

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