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You use LinkedIn I believe. If you check Luis posted about a invest mining network meeting that was on yesterday
Shouldn’t be cause of any delay. Offtakes and DFS come before rest of financing, although discussions could of course be taking place before
That's terrific news, might explain delays too? Only question I have is how long it might take to implement.
Possibly. The interview from last June did say on the event of further benefication that financing would probably be through a mix off offtakers and industry partner.
If someone such as largo was to take 25% interest in the project for $12.5m that’d pretty much get the financing over the line without debt. $12.5m for 25% stake would be paying circa 50% if the current NPV for then a financed project.
Depends what interest is out there. Would hope with the outstanding economics they’d be that interest…
We will be the next JV?
St Brides been involved with Jangada for years, maybe since listing.
Fact you don’t know that probably says more about them than you though. They’re useless…
Is this a new relationship? Since the selloff?
Realistically, I don’t think we are likely to get many interviews/Q&As before the full DFS is released as, at this stage, everything they can (or are prepared) to share is out there.
Personally, I would stick to the ICM platform than a formal meet and greet. Logistically, it’d be a pain, TMS would likely host (doesn’t do much for credibility) and key is to attract wider investors by making it accessible. ICM is low cost, easily accessible and has worked with HMI.
Would be good to get some interviews with BM beyond TMS. What about an investor meet and greet? We aren't the opposition, we're on the same team. Why not meet those of us who have shown a lot of belief in them?
Agree DCat. The deck says little that is new, but it consolidates the information in a much clearer manner. Easy for new investors to catch up quickly on the compelling investment case. Like you, I hope this cues a stream of positive news over the coming weeks.
Think it’s more about letting wider market know, not everyone reads this BB or checks website for updates! Fingers crossed timing is more progress has been made and further updates are soon.
Good stuff. Is this presentation the same as the one posted a few weeks ago or updated further?
Agreed. Presentation is good and I particularly find the simplified discounted cash flow sheet useful. The project economics to peers on page 30 also a good visual aid to highlight how good economics are.
Hopefully this is a matter of setting our current upto date position ahead of some strong newsflow. Plenty due now…
Its really positive that the Directors hold 43%. They have plenty cash in bank so should be only up from here
Lots of newsflow on the horizon such as completed DFS and offtakes. The mine economics are fantastic and makes a mokery of this tiny Mcap
I think those loading up patiently in this range will do very well
Something else I’ve not seen commented here is the logistics opex. It’s the largest cost to our project totalling $99m in the economic model.
We know offtaker talks include with local buyers (check technical report RNS and earlier RNS). Saving on shipping or even better collection from our site would provide very material cost savings to the project.
Offtaker advances are also common and could form part of the negotiations, albeit often in return for slight discount to product price.
We know they’ve been having such discussions, was advised last year when they originally submitted the Trial Mining application. Process and financials etc changed since.
$78.6m is the direct tax envisaged in current economic model. They’d be tax on contractors employees as well as their tax as well. In short there is an incentive for Brazil to provide some support as they’ll also benefit from the project.
If anything I’d expect is to be asking for more assistance now and precedent set last week with South Atlantic gold is only going to help
A MoU with Jangada?
Apologies for being late on this. There were discussions late last year regarding a MOU with Ceara State. There were some articles in the local press.
"Non-dilutive indicative funding" -- now that would be massive if Jangada got it. We would be able to monetize our TiO2 and sail past 10p! Dare i ask, could that be the much-maligned "surprise"?!
https://www.businesswire.com/news/home/20220720005068/en/Fodere-Titanium-Limited-Announces-Construction-of-Pilot-Plant-and-Formation-of-North-American-Joint-Venture-Fodere-America
Interesting to see ex Tronox guy focus on N America market for fodere tech
Good news out there today, IRR 49% - we have 100% they are up 13.24% now.
Don't forget we are investing there as well, 3.5 millions shares.
Have a nice day all, take care.