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Submitting a Final Research Report is a requirement of the Research Permit which is now void - not required.
They have submitted a 'positive' report which is a necessary step required as part of their application for a Full Mining Licence 'FML'. Once ANM-CE have approved that report then Jangada have 12 months to submit a feasibility study with their FML application.
Question is, how long will it take for ANM-CE to approve the Final Research Report?
It's not a case of '...cogs are still turning...slowly', it's more so 'the clock is now ticking'.
Good Look
Below is a a translation of the submission cover letter relating to the positive research report submitted to the National Mining Agency on the 16/5/24. Seems that the cogs are still turning, albeit very slowly!
To the National Mining Agency – ANM/CE
ANM Process No. 48410.800.235/2014-11
Subject: Positive Research Final Report
VTF MINERAÇÃO LTDA., a limited liability company registered under CNPJ/MF number 33.075.465/0001-60, headquartered in the City and State of Rio de Janeiro at Av. Jornalista Ricardo Marinho, No. 360, Room 113, part, Barra da Tijuca, ZIP code 22.631-350, hereby represented by its undersigned administrator, respectfully presents its POSITIVE RESEARCH FINAL REPORT for Iron, Titanium, and Vanadium substances, in accordance with Article 30, Section I, of the Mining Code (Decree Law No. 227 of 27/02/1997), and requests approval of the said report.
In these terms, it is requested.
Ceará, May 16, 2024.
VTF MINERAÇÃO LTDA
They've reduced the size of the tenement from1093.51ha to 676.87ha.
All part of the procedure.
Good Look
A week to spare, then an extension on the existing GUIA might be the next move.
Good Look
But there is news, it's just not been published!
Have a look on the other place?
Good Look
One of the most sceptical people I've seen on here is surprised of no news? Now I'm worried......
I'm very surprised there hasn't been an RNS today!
Still time!
Good Look
The whole reason most of us have invested here is the deposit in Brazil. When did that change?
Brian must be under some sort of NDA with Fodere, stopping any chance of updates. Unique circumstances when a public company can't reassure its share holders. In the end, it will either be the quiet, golden opportunity in a couppe of years.... or quiet flop. Feels risky investing in a company that can't even communicate any optimism relating to Fodere. Bouncing off the walls with frustration after 1 whole year of silence.
Just to add, DC laid out some clear strategic options recently. Maybe they are not right…but I think they are a good place for Brian to start. Remember - he is taking a salary from JAN so it is reasonable to expect some managerial “action”.
Pathetic to see Brian talking up BRES on RNS’s without any update or direction on JAN. If the strategy is exclusively to focus on holdings , then let us know! Then we can directly invest in BRES and forget JAN. We need a re- articulation of the case for JAN - if these recent NvS comments are relevant , we need to know. Current SP is unacceptable and is down 80-90% on highs .
Bitta movement .
Must be overdue a pump from TMS
Just two weeks now!
Good Look
BRES is the place to be invested. In at the ground floor, so to speak. An unrecognised gem, still.
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.