Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Armadale Capital – usual suspects ramping hard

By Ben Turney

15 August 2015 05:50

More:

What a huge shock to see Armadale Capital (ACP) conduct a placing yesterday. Of the biggest surprises on AIM this year, Armadale’s fund raising has to be in the top three. There is no way anyone saw this coming. It wasn’t clearly sign-posted across social media at all. The recent 50% rally in Armadale’s share price over a week was definitely driven by fundamentals. The increased liquidity in the stock simply reflected enthusiastic investor demand for a prospective gold miner in the lower reaches of the market…

Already a member? Sign in

Sorry, you have no more free pages.

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 13 year archive

• ShareProphets Daily Newsletter

Cancel any time

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

wildrides

16 August 2015, 02:51

Did not Tom say it was cheap at some point recently ? I may be thinking of another share .
Woody44

17 August 2015, 02:39

Ben, Would you rather it hadn’t carried out a placing? Would you rather it sat on its hands and did nothing? Or do you expect it to run on thin air and hope its contractors don’t mind working for free? You do realise that non-revenue explorers need to carry out placings in order to carry on their business don’t you? If the market is not favourable for junior explorers and gold, do you still expect them to raise money at a premium to the previous placing? Is there anything you would have done differently if you were running this company? I don’t understand the point of your article.
Ben Turney

17 August 2015, 03:03

@woody – I understand all of that. The point of the article is clearly laid out in the title.