Bought – Armadale Capital

Bought – Armadale Capital

Bought at 4.4p on 12/01/2021

Heard about this from my dad and was intrigued. This is an investment company, with its primary focus on the ‘Mahenge Graphite Project’. I’ve been wanting to increase my exposure to mining/metals and green energy plays – this achieves both. One of the industrial uses of graphite is as a component of lithium ion batteries, which are rapidly expanding due to the rise of electric cars. Therefore, I would expect demand for graphite to increase too.

Been reading lots of excellent research on the stock by BBN on Twitter. One such example is here.

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