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Above 4p Mrs. Obelix will have a Free Peroni tonight... lol
Have a feeling that we will be above 4p by end of the day
Just did a search on twitter -- gent with thousands of followers has been tweeting about Jan
Andy
@Blowster85
·
2h
#JAN - Look at that drop from 11p Whats changed? Nothing really... Fundamentally as strong as ever and over £3m cash so no need for placing Project largely derisked. Any sniff of completed DFS, Offtakes or production timelines will see big snapback 4.5p/5p zone next resistance
I think it is more people are realising it is incredibly oversold and chances to invest in companies with advanced 100% IRR projects valued just above cash don't come along very often
Joe, I really hope you are right. Certainly seems to be some momentum building this week...
I'm hoping that it's because it is very difficult to keep offtake agreements completely undergrads and secret before announcement....
Or maybe the updated DFS with TiO2 credits finalised.....
I wonder what is moving this? Just a realisation that it is incredibly undervalued in a market that is undervaluing most junior miners maybe?
No worries. Last year was included within the results RNS, as you say this year says another announcement so should be soon.
Definitely worth checking, wouldn’t want to miss a vote on replacing PR consultants would we ;)
Thanks Dcat. My message from IG has a link to the homepage of the Jangada website but I can’t see any notice there. And I can’t see last year’s notice either for that matter so maybe I’m not looking in the right place. The results RNS said there would be a further announcement so have to assume all will become clear in due course….
Nope. Can’t recall seeing notice of AGM in accounts RNS either so suspect they’ll be RNS at some point regarding it
I’ve had an electronic proxy voting notice from my broker (IG) implying the AGM is set for 1 Aug. Doesn’t say where or how the meeting will happen, whether opportunity for Q&A. Anyone else got anything?
Plus I don't want to make a false rumour or something, don't need to read any comments about some agenda or ramp the shares and then sell.
No sure Blackfisk, it's only my idea & opinion and trust me I don't have any inside information.
The last time I spoke to Luis was April and until now I didn't have an answer about few questions I asked in May.
Nothing was like an inside, only normal questions that was raised by friends.
To be honest, I don't know how long takes to go to production after DFS - the route can be easy, but no idea.
Down to production I think it's Luis & Brian idea, but if someone make a irresistible offer maybe they will say YES
News inbound tomorrow? Nice little flurry!
Obelix, who would they sell to? Isn't it more likely we will go down the production and offtake route?
Joeman, I believe they haven't sold Jangada yet due lack of all information from the DFS.
I'm sure they have an offer on the table, but they will not have a discussion without the full potential they have on the ground. They have a big PEA - IRR and Capex, they only piece of the information that is missing is DFS.
I have enough Shares at the moment and no money to buy more (sad)
Sold for 40% of the PEA value.....wow. im guessing any upside to the purchaser was evident.
JAN haven't fully drilled the 3 areas that make up our DFS..... and there are a further 5 to be investigated..... id say that we also have very evident upside.
I remember marl, best PEA I’ve seen released on AIM. Checked back to see how project had progressed few months back and noted the project DFS been released by operators.
Pea DFS
IRR 153% 36%
NPV $1.37b $1.05b
Capex $261m $309m
Marianna resources was taken over after PEA for their 30% share at £167m (£556m 100% basis)
This moment reminds me of when there was a coup attempt in Turkey and my Mariana shares slumped. Within a few months, it was back up before being sold. Again, it is an incredible opportunity and I am going to top up every pay day and pour my pension contributions in here
These are terrific levels to get into Jangada. If you believe that a 100% IRR project is next to being a dead cert for development, then this a great opportunity. Also a great moment for the company to do some actual publicity. The sp crashed to 1p before rising to 10p. We've been here before and we are now much closer to production
It isn't the issue being raised though?
Also, a drawdown would only have a short-term effect if we are in need of cash. We are not.
It’s worrying you don’t realise the effect a 75% drawdown can have on the future of the company…
It’s worrying that you don’t realise the effect illiquidity can have on volatility…
What’s going on here?!!? Down another 10%?!!?! I’m amazed with the amount of insider holdings how this can go down so much. Brian has not done us any favors lately. I hope he comes through with big news soon.