Armadale Capital (GB:ACP) has released an update.
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Armadale Capital, an AIM-listed investment company, has expanded its portfolio by investing in a silver project in Idaho and is progressing with its Mahenge Graphite Project in Tanzania. Despite a challenging half-year with a loss after taxation of £662,000, the company is optimistic as the improved market for graphite has sparked stakeholder interest and potential funding discussions. Armadale is also continuing its strategic review of its investment portfolio, aiming for capital gains amid a cash position of £66,000 and an average monthly burn rate of £25,000.
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