Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Only announcing earlier so looks like only just formal. Sounds like that’s piece of the puzzle they needed as busy period now ahead
https://www.linkedin.com/posts/fodere-group_technology-investing-environment-activity-6953261754680270848-8WQq?utm_source=linkedin_share&utm_medium=ios_app
I thought they had it around last September!
Mesb -you’ll be happy to know Fodere finally got EIA. Busy time ahead for them now
Biggest new thing I’ve spotted is the summarised cash flow in the appendix of the presentation. Not many do this, I suspect because if they did it might show cash flow mostly at the end despite an apparently mega NPV.
Plus my presumption is the presentation will actually get presented at some point where we can gauge the mood better.
One step forward today imo.
BF - I’ll look at properly this evening, only had quick glance during lunch
Thanks Dcat, does anything stand out to you?
New presentation
http://jangadamines.com/site/assets/files/5345/jangada_mines_corporate_presentation_final_30_06_22.pdf
Looks like we have ourselves a new website! Little sign of a bit more PR? Fingers crossed, I cling to the hope.
Ultimately we’re unhappy with current SP, that having built our positions over some time now that it’s possible to buy at levels the project is valued at sub £6m after considering our cash position and investments. PR is definitely a factor behind that.
Perhaps if others did such “research” as checking how our economics compare to the FS released by ARS, ACP, EML, HZM, ADT1, HUM and MKA all of which are London listed they’d understand quality of the project.
I remain very confident. The April Technical report was to FS level for the majority and that’s to high confidence levels, we know there is plenty exploration upside both from the inferred resource that could not be included in an FS level report and also in the as yet undrilled targets.
I’m also very confident further valor could be added from additional plant such as the pilot fodere group plan to use, obviously that would involve further capex and have to be later stage however it’s to come.
I’m also very grateful that it’s financiers who’ll be looking at us, they’ll have a much better understanding of economics and just how good they are than the average PI. I’ve said before we are potentially at the most exciting stage now with eyes on us, however some seem determined to be down as they can’t be updated on how such conversations might be going. NDAs are likely to be in place, that means time before big progress/news can be the biggest challenge to patience…
In respect of the other recent comment about nothing going on, how do you know? You’ve said you’re not getting e-mails from the company!
Next steps are clear. They’re not work items purely under the control of Jangada.
DFS needs firming up by GE21 mining consultants. That’s not Jangada employees, can’t crack a whip and say working nights. I certainly don’t want Brian an accountant working on mine plant design just because he’s not heard back from GE21 and has impatient shareholders - that won’t end well for us!
Likewise offtake talks aren’t just internal discussions. We know they’ve been in talks for a while, but the offtakers are the bigger parties in the relationship. Economics uncertainty could well be a factor to.
Inbetween discussions with 3rd parties it would be nice if they sorted the PR out though! That isn’t something they should be waiting on other parties for…
PR/Comms we know are an issue, company scores more than a few own goals in that regard causing resentment, frustration and concern among PIs. I’d certainly hope some of the recent comments on this board are from frustration, because they certainly don’t mirror my views…
PR wise a presentation should have been produced post technical report highlighting the revised economical case now that a dry only route has been found not to be an option.
Interview along the lines of the TMS interview from last June would also have been useful. Again production method has changed since, Brian has stressed no raise and we’ve cash. Some talk about how financing might look and whether industry partner might be involved would give insight into the work they’d be doing behind closed doors whilst hopefully setting minds at rest.
Few tweets here and there just to remind people of the project and what’s being worked on also wouldn’t go amiss.
I don’t expect few to get additional updates by email other than the usual we’re working on it, slight delay but should be soon etc. If PR consultants were doing their job they’d be getting enquiries from PIs, feeding them back to Brian and he should then take what said into consideration about if market should be updated by RNS, addressed in interview or even tweet.
PR shouldn’t be just for sake of it, but by missing the basics the BOD probably causing more emails to themselves and resentment among lot of PIs. It’s silly considering how little time and effort converting the basics sound take.
Hi Riosurfer,
I'm still in UK - couldn't take a fly to Italy - BA cancelled my fly to Venice - Treviso Airport.
I will be in Brazil in September. I will post here when I get there (if I go)
Brian and Luis they know very well our Raw Materials , Potential, Bureaucracy and others barriers in Brazil
However, they started very slow and maybe they haven't showed the strength to their employees
Lack of Management perhaps, distance, resources or something.
Also. we all understand some issues it's out of their control, but they have more than 20 years in experience.
Like you said, lack of focus in the project. They have legs everywhere and not spend a proper time with one project.
I will ask for the AGM resolutions and will think twice about re-elect some people there.
Look at their Salary per example - Brian £213k plus option £256k total of £469k in a Year.
Even can't send a message too their Shareholders, we pay Him
Getting disappointed with them to be honest, too many things at the same time, they can't even focus in one and deliver the results that we all are waiting for.
It suggests a lack of focus...perhaps we're not high priority right now.
Yes, and DC has done a much better job of promoting #JAN than any of the advisors. Always incisive analysis.
@OBELIX
Still in Brasil from 28th August for three weeks - starting in Sao Paulo, then spending a few days in Maresias/Camburi and onto Rio. Spending time in Leblon (mainly for business) and then Itanhanga/Barra. So if you're around...
Regarding your post, I think the PR agency (St Brides) are - on the face of it - providing a very poor service. I caveat that because it depends what Brian has briefed to them. Ultimately the responsibility for poor comms rests with management.
I think they put more effort into the last RNS but it was hapless. I sense a lack of ability to manage round the Nomad (Strand Hanson); that last paragraph really was awful. They should get NvS to give them some counsel on PR - #ARCM is much better.
But the overriding sense that they cannot move things forwards lingers. Brasil can be challenging. Deadline management is often lax. I hope they have a seasoned "on the ground" operator on the team. This is a great project, but the cost/time value of money - particularly right now - means investors will avoid anything with no clear milestones, or robust news on financing, which I had hoped would have been sorted - or very well advanced - by now.
When Brian protested that "he hadn't been in the pub at lunchtime" wasting time, it feels like he was/is sensitive about lack of progress and anticipated criticism. My sense is he either he needs to strengthen his team to deliver faster, or focus on Jangada instead of other projects - or better still, both!
Good to see despite market gloom that juniors can still attract strategic investments…
Hopefully not too long until we get operational update including how offtaker discussions on the iron/vanadium concentrate going
http://www.labradorironmines.ca//pdf/LIMHNR2022JUL05%20-%20Scully%20Transaction.pdf
I have rarely heard of a company not replying to big investors. What’s their excuse?
Shouldn't worry, the Ptr..... research permit has been extended to 24th May 2024.
So plenty of time to complete the DFS, but not sure the fast track mining fleet will hang around til then?
Even their second tenement research permit has been extended. That one ends 1st October 2024.
Well said Obelix. It's so wrong that they won't reply to emails from big PI holders
Rio & Blackfisk, to be honest we are doing their job (PR) - look how many hours DC spent here and in Jangada Telegram Group. They don't pay Him for all information shared, they pay the PR which CAN'T write a proper message to the Investors - Market. We know the potential Jangada have, but Brian definitely need to change his approach and be little bit less arrogant. We pay them, DC and others did and doing a good promotion and helping others that don't have time to research or have the knowledge where to find all information about the Raw Materials and others stuff.
We are not perfect for sure, but if they don't improve their PR many of us (good investors) will leave for sure
Please don't take my words as an anger or something against them, but like you (riosurfer) said: "more progress and more energy" will be welcome for all of us. They have shares here, as we do. I'm happy to see the value of my investment up and up weekly, they should have the same sentiment as well, BUT nothing had happen here recently. The last update was nearly 3 months ago, and we don't have nothing to talk about Jangada. Even a new Investors Presentation.
Now Guys, just tell me how we will promote Jangada out there if we don't have tools. I said before: "they have a Ferrari, BUT not drive License". What's the point?
Hope so Obelix. But today 10k in buys and c300k in sells. News is too slow on resource validation, investment/ off-taker news etc., so small holders anticipate the lethargy of the share price and get out. Share price not helped by the overall market, but management looks focused on other things. We need to see more progress and more energy!
I topped up today, but the problem is that we need new potential investors to hear about Jangada. No PR....
Good Morning to all here,
Hope you Guys have had a good weekend,
Let's see if we break 4p today and move towards to 5p until Friday.
Have a nice day & week all, take care.
I bought in at just over 3p a few days ago on the news that the research permit and GUIA (trial mining) had been extended.
Appreciate some more of the usual BS if you please.
8p and I'll be out.
Good Look and thanks in advance?