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Got some more ( Wi ) 3.35p on a limit of 3.4p
BF - they’ve 8p options which can be exercised to put cash into the company, little point doing that until any cash required though such as part of a mine build financing.
New presentation, broker report and some PR/education on what the next steps I.e. mine build decision involves and level of interest (without specifics or promises etc). Basics really we’ve been moaning about for last year!!
Maybe it's a ploy before they invest more in the business at these knocked-down prices
After blaming expectations on reason for sell off in April it certainly seems trying to keep them low. Both Brian and Luis paper position down £3.5m since recent highs, but as they can’t monetize their holdings outside sale or dividend it’s almost academic to them.
Lot of holders seen 6 figure profits wiped out or sitting now on 6 figure losses. No empathy from the BOD though. I do trust them to deliver. They’ve the experience, incentive and a great project, just very infuriating they handle in such a way it’s possibke to buy in much cheaper than mosts average.
he needs to do some media and stress how much inbound interest there's been in the project
BMM knows what he is doing. It's a bit more pain now to set the stage for a good run of over performance.
26% fall by midday on news topped up ( D ) for 3.5p
Jangada Mines PLC, down 22% at 3.65p, 12-month range 3.56p-10.80p. The mining company says its Pitomberias vanadium project in Brazil may need additional funding, and it cautioned on an uncertain timeline to production. Jangada warns that additional funding will be required for the Pitombeiras project as it moves towards production, a key goal for the group. As a result, Jangada is engaged in an ongoing assessment and will consider the sourcing of funding over the next three to nine months. The timing of construction
of the plant is currently unknown, and the company cautioned it was too early to say definitively whether the project would move into production in 2022.
Blackfisk agreed. The rns is positive, I do not understand the drop? Just bought another 2k top up.
I think the last paragraph is clunky and it does a project with a 100% IRR no favours. Ultimately, unless I have missed something, that IRR still holds
Good afternoon everyone. Topped up. Excellent opportunity.
Well, it seems an emotional reaction - construction is subject to funding and the funders will need to satisfy themselves that it is economically viable, hence, I imagine, the inclusion of that line. If you don't believe that the project economics are viable then you should have been out ages ago.
Key for me is the cash. Whatever happens, you do not want a raise to keep the lights on in these markets. JAN has a runway stretching a good while, with no immediate cash pressures. This is absolutely vital - sometimes, it is simply enough to stay solvent and push on behind the scenes.
"Ongoing assessment of the project". How wonderfully vague.
Oh, and how many people here knew that Jan had invested in a Ugandan graphite exploitation play? Where's the logic in that?
Glad I'm out .
I guess it's a mixture of both. Statements like subject to funding and subject to it being economically viable do not instill confidence at a time when the market will murder anything perceived to be negative. We have always been led to believe that funders will be fighting amongst themselves to get a piece and how the project economics are second to none - just feel the tone of recent announcements has been subdued!! Not helped by price being trashed this morning
Can I ask - are you primarily annoyed with the tone or the price movement? I'd politely suggest it is the latter.
Please remember these are historic accounts and any releases, including BOD commentary, will need signing off with the Nomad.
I'm excited by much of the content of today's releases. Potential for financing to be resolved and construction started in next 3-9 months, a healthy cash position, clever investments in Fodere (very important!) and Blencowe (surprised me) and some cheap options cancelled.
Market is nervous and wants news now, with no delays. I've all the time in the world, so will be adding when it settles.
Anybody else getting a bit ****ed off with the constant lack of proper news, delays etc? I have noticed a change in tone in recent announcements. Time for BM to get some proper comms going with some timescales rather than the current vagueness!!
Main point on project is 3-9mths for ongoing assessment including full financing options (need to get financing options known before committing to build)
Whilst mine build strategy BOD seeking to pursue might not be producing 2022 (surprised even feasible could, maybe mine build period less than I expected)
During 2021
Extra $491k invested fodere
New $236k invested blencowe
Cash as 31/12/21 $3.5m
Post period
Sold 1m Valore shares equivalent of USD $545k
Cancelled 3m options to ex director (2p strike) noted as of 17/1/22 (post period ending). Cost doing so $143k
Good financials confirmed..... with the numbers in line with those suggested by DCat.
Production looks like it will be next year though. I think the suggestion that it too early to say that it won't be this year is because they are awaiting the updated TiO2 results.
I think good results on TiO2 will mean pushing on with the larger project instead of starting with the smaller trial iron process..... so production won't be until 2023..
What are people's thoughts? I think the results are positive.
Investment in battery energy storage is hitting new highs and is expected to more than double to reach almost USD 20 billion in 2022. This is led by grid-scale deployment, which represented more than 70% of total spending in 2021. The pipeline of projects is immense, with China targeting around 30 GW of non-hydro energy storage capacity by 2025 and the United States having more than 20 GW of grid-scale projects either planned or under
construction.
I wondering what news other holders think we should hope for or expect next - the upgrade of the study on Ti02 production, details of take-off discussions or something else?
Also, what do think about potential timescales now that the BOD schedule seems to have slipped?
Speculation on the ValOre discussion board that Jangada is selling more shares
On the subject of Companies House, we should get Jangada accounts any day
Thanks Mesb interesting appointment and as you say hopefully a sign things are finally progressing there. Not sure if you remember that Apollo capital made a bid for Tronox last year, small world the Tio2 sector I guess as NVS acts as consultant to Apollo.
Interesting new filing at companies house to show a new director at Fodere who seems to me to be the previous CEO/Chairman of Tronox. Quite a big hitter for such a small company, suggests to me they do have something interesting. Guessing maybe an IPO is getting nearer, unless he just wanted a seat on the board to protect a planned investment in the company.
Also on there is a correction to the shares issued last November and the company secretary firm seems to have departed - so to my previous comment looks like we kept the 3.6% interest after all. Admin wise, with late accounts filings etc., they do seem poor. But I guess what matters most is whether the tech works and we can use it if we need to. Taking an age to get the pilot plant up and running though, hopefully we’ll get a proper update in the next presentation/annual report… for now it’s just more guessing what’s really going on…