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You’ve been right all along smalley. I think it’s time I recognize that. I only wish I had listened to you years ago.
If they do submit a positive final research report by 24-May-2024, which I think they will, it could take a long time for ANM to approve that report:
https://brasil61.com/n/codigo-de-mineracao-entidades-criticam-e-parlamentares-se-dividem-sobre-pl-957-2024-mine240725
Good Look
Why not just invest in BRES? Surely I’m not the only one who noticed certain posters were talking up Pedra Branca, then talking up Pitombeiras and are now talking up BRES. At least they fully owned the first two. Do any of you buy this because of BRES? If you liked BRES so much you’d just buy it. The hope that this is a proprietary technology that will only help us seems crazy to me.
I dont believe DCAT would be selling.He has huge faith in Fodere.As he pointed out recently with investments in BRES,Fodere and cash worth about $3m and market cap now £3.9m there are several options open to them.Selling Pitombeiras for example.
If DCAT was selling he would have stopped chatting long ago. You will never know what DCAT is buying or selling at any time, regardless of what he says, when he says. Don't depend your own investment on good old Dave
Do we think Swizz, Obelix and Dcat are selling?
3 more sells today of £2k
Everyone that wanted to sell have sold. Even the most dedicated have stopped talking about Jangada. Even their investment is going nowhere... sucks to be us, right? All the smart people got out 6 months ago
Tbh i was cheesed off when he concentrated on other investments in last years update and just mentioned how difficult it was negotitating with the Brazilians.We hope Fodere will be exciting but BRES share price hasnt really gone anywhere,trial licence runs out soon and we get a wall of silence.Im down about 77% i just thank god for the rest of my portfolio and wish id never invested in it
At what point do you guys bail on Brian ? This stock has been terrible for me.
6 weeks from today the research permit ends.
Between now and then they need to submit a positive final research report to ANM.
The GUIA (trial mining) application/grant and the environmental installation licence end with the research permit.
I would expect some news within the next 6 weeks!
Good Look
Interesting metric!
Might be a useful metric for AIM companies to rank them by MC/Directos' salaries.
In JAN's case, it is around 14 times. i.e in 7 years' time, their salaries wil have wasted the entire valuation of the business. Assuming, of course, that Pitombeiras doesn't come to anything substantive in that time. 4 years and counting so far, tells me it won't under this management.
Well last year the directors were paid $355k so I am sure Brian has been working on things behind the scenes...
(nearly) Happy Birthday to the last significant news RNS! 🎂
Updates for Pitombeiras / Fodere venture has been woeful - not even a timetable update lately.
Totally uninspiring to either new or existing Investors watching the SP slip down further to 1.5/1.6p.
Think this one may have fallen down the back of the AIM sofa 🫤
MOST-ACTIVE SINGAPORE MAY IRON ORE CONTRACT RISES 5.1% TO $103.4/METRIC TON.
#IronOre
A reminder. Should hear something soon.
https://www.lse.co.uk/rns/JAN/pitombeiras-update-v89m0pipk87d0b8.html
Not looked at this PoS for a while but just noticed VTF Mineracao Ltda have recently submitted to ANM base year Relatório Anual de Lavra (RAL) 28th February 2024.
RAL = Annual Mining Report.
Better late than never!
I suppose it could be a touch difficult to export samples with no proof of mining?
Landholder will be pleased!
Good Look
As I’d hope all know by now, I’m very excited about the affects of fodere tech on pitombeiras. I’m sure it’ll make the project titanium lead I.e. it’ll be the primary revenue generator which
1) will vastly improve the already great economics
2) make the project more amenable to offtaker financing.
It’s what I’ve waited year for!!! I do think something else first though.
It would be good to hear that the 25 tons awaiting shipment to SA in December has actually been processed. Come on Brian, some sort of update soon please!
It’s been quiet too long, but silly to think nothing been going on in the background with the economics on pitombieras and BOD holding. Was discussing with a larger investor start of last week and below (in no order of likihood) were some strategic options/possibilities came up with.
1) sale of pitombieras
2) spin out of pitombieras I.e. list on TSX and make Jan investment vehicle
3) Strategic partner bought in early
4) RTO of fodere into Jan
5) Acquisition. Maybe RTO. Really depends on size/venture
6) one of Brazil new finance initiatives for juniors. They’ve been working on for some time, but details limited…
Either way I see the current MC as crazy right now….
Some news from Jan (about JAN and not share holdings) would be nice. Or are they now an investment company?
PDAC mining conference this week and the launch of Brazil $200m fund for cirva 10 juniors…
Https://x.com/jangadamines/status/1763116600952012944?s=46&t=3XShk8fAAPcXjDUtakipOA
For those that can’t see the full article it goes on to include both vanadium and titanium in the list of commodities the fund is aimed at.
Well done D220. Frustrating day with mms holding it up hoping for sells and they were gifted one at almost a 15% spread! Just giving mms money! Still ended day 387k buys vs 201k sells so pressure on them continues.