RLL - Rapid Lithium

[System]

Armada Metals Limited was incorporated for the purpose of acquiring 100% of the voting shares in the capital of Armada Mauritius. Armada Mauritius in turn holds 100% of the shares in the capital of Armada Gabon, which holds two Tenements prospective for magmatic nickel-copper sulphide, covering a total area of 2,991 square kilometres in the Nyanga province in Gabon (Nyanga Project).

The Company proposes to undertake exploration activities in respect of the Nyanga Project and, subject to successful discovery, has the objective of proving up an economic resource and ultimately developing a mine and selling the commodity from that mine.

With over U$10m spent to date, developing an exploration pipeline with targets ready to drill, the Company has an aggressive exploration program for the next two years.

It is anticipated that AMM will list on the ASX during December 2021.

Armada Metals Limited | New discovery opportunities for nickel and copper

armadametals.com.au

 

[Dona Ferentes]

Listing date	15 December 2021 12:30PM AEDT ##
Contact details	https://armadametals.com.au/ +44 77885 81890
Principal Activities	Mineral exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	AMM
Capital to be Raised	$10,000,000
Expected offer close date	24 November 2021
Underwriter	Not underwritten. Canaccord Genuity (Australia) Limited and PAC Partners Securities Pty Ltd (Joint Lead Managers)

 

[Dona Ferentes]

AMM rose 93% this week after picking up four early-stage lithium exploration projects for $150k cash and 26m shares in Brazil.

Market cap $9 million

 

[Dona Ferentes]

of course the chart since IPO looks a bit sad.

.
I was thinking, with the recent spike, that more capital could come in the door in the near future. And, lo and behold, in early Oct there was a 1 for 1 entitlement offer at $0.02, raising a bit over $2million.

“We are very pleased at, and appreciate, the level of support from existing Shareholders so that the full amount sought under the Entitlement Offer has been raised. Drilling has now commenced at the Bend Nickel Project, as announced to the ASX on 19 October 2023, where a proportion of these funds will be directed in the short term as we complete a 2,500m diamond drilling program. I look forward to updating our Shareholders as the programs are executed and results are generated.”

.
....wait a minute, Nickel program, no mention of LITHIUM leases in Brasil. !!

 

[farmerge]

of course the chart since IPO looks a bit sad.
View attachment 166228
.
I was thinking, with the recent spike, that more capital could come in the door in the near future. And, lo and behold, in early Oct there was a 1 for 1 entitlement offer at $0.02, raising a bit over $2million.

“We are very pleased at, and appreciate, the level of support from existing Shareholders so that the full amount sought under the Entitlement Offer has been raised. Drilling has now commenced at the Bend Nickel Project, as announced to the ASX on 19 October 2023, where a proportion of these funds will be directed in the short term as we complete a 2,500m diamond drilling program. I look forward to updating our Shareholders as the programs are executed and results are generated.”

.
....wait a minute, Nickel program, no mention of LITHIUM leases in Brasil. !!

Oophs

 

[greggles]

Absolute shocker this company. Been mostly in a downtrend since listing a few years ago. But it looks like we could be in for a reversal with a bottom having potentially formed and a nice bounce yesterday. I would like the bounce to continue in November.

 

[System]

On November 7th, 2024, Armada Metals Limited (AMM) changed its name and ASX code to Rapid Lithium Limited (RLL).

 

[frugal.rock]

@Joe Blow
@greggles has this in the Nov comp.
Does it need to be changed manually?
Maybe you could sort out the position whilst you're at it?!

 

[Joe Blow]

@Joe Blow
@greggles has this in the Nov comp.
Does it need to be changed manually?
Maybe you could sort out the position whilst you're at it?!

Entry has now been updated but nothing I can do about the position unfortunately. Sorry @greggles.

 

[Dona Ferentes]

Entry has now been updated but nothing I can do about the position unfortunately. Sorry @greggles.

24.

greggles

RLL

0.014​

-0.004​

-28.57​

... now it has capacity to move. Up or Down