Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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BF, I do believe we will see a huge rise when the news about off/take land. Few people on TG are talking about assets sale.
After all this long period I think they have something almost ready to release, no idea when to be honest, but most be big and complex. Waiting for the news is killing us, but will worth in the end.
Decent rise today, we are becoming correlated with Blencowe!
Even iron could become a battery metal...that's what I meant to say
Thanks Dcat, I think even ore could become a battery metal too right? It suddenly occurs to me that Jangada might end up investing in several areas if it gets a decent income stream from Pitombeiras. There could be more investments in exploration around the site, investments in the new nickel asset, buying more Blencowe, buying more Fodere and buying back into ValOre.
BF - not sure on who’d be offtaker for the Tio2 product. Company RNSs does reference it now starting to be used in batteries as well as for the traditional paints/plastics industries. As such could be same outfit bres talking to. Just have to wait and see. Article below something I saw last year
https://tdma.info/could-titanium-dioxide-be-the-solution-to-the-battery-problem/
I'm surprised we haven't seen a rush of buys today. For me this is suggesting that something big is on the cards for Pitombeiras. It makes no sense to make an investment like this unless you are very confident of much more money coming your way
Dcat, I agree and I wonder if the party we could be negotiating with is LB Group. They have graphite as well as titanium demand...
http://www.cnchemicals.com/Press/91611-LB%20Group%20to%20build%20150,000%20t_a%20battery_grade%20LiFePO4%20project.html
As others have already said, I doubt they would have made this investment unless they were confident that external funding for Pitombieras will be forthcoming or had a buyer lined up for the project
For the record, I own a decent position in bres, sub-4p. I believe in the graphite long term story and bres has a superb resource at Orom-Cross in Uganda. The issue, as always, is getting access to the required capital too bring it to commercial production, in 2025 on a best case scenario.
Jan has made a smart long term investment. Is Jan becoming an investment holding vehicle, rather than a potentially producing business?
Or close to own funding on Pitombieras. Bres in talks with Chinese outfit as per their recent RNS, maybe we’ve also been in talks with them and this forms part of a wider strategy?
Either way still leaves Jangada with over £2m cash, value of our investments and whatever is happening with Pitombieras and the value that’ll be to to us
This screams takeover. I don't see why they would dip into their £3m cash pot with an investent like this if needed to further progress their project in Brazil
My guess is there has been months of silence because of NDAs and i suspect someone has tabled an attractive offor for the company/asset
Watch this space. Brian & the team hold nearly 50% of the shares in issue so are about as motivated as they can get to create shareholder value
I didn’t write the article below myself, honest guv! Released about an hour after you posted though
https://www.mining.com/web/brazil-mining-group-sees-steady-investment-regardless-of-election-result/
Thanks.
Not overly worried. Senate and other chambers moved even more to the right. He’ll target clamping down mining in rain forest and indigenous lands.
Ceara the state Pitombieras is in has a left Governor. He’s pro mining as creates jobs, even supporting uranium mining. Lula will also want the jobs. Some talk of additional royalties on some high margin mines, however will still need to encourage new projects.
Taxes on high margin existing mines, keep incentives for new mines and focus battles with the senate and congress on rain forest/indigenous lands is my expectation.
Jangada haven’t factored in any tax incentives in current economics. Previously posted on Tombador getting theirs (circa 70% reduction to federal tax). South Atlantic gold (project also in ceara) also have MOU for circa $35m of government assistance. If anything expecting our numbers to get better…
Article on congress/senate results below
https://news.mongabay.com/2022/10/conservatives-tighten-grip-on-brazil-congress-hampering-environmental-agenda/
What are your thoughts on how a Luka presidency will affect Jangada? I expect foreign money to come to a standstill on miners once Lula is in office.
1) Local offtaker providing logistics savings (logistics being $11m of the $17m annual opex)
2) Government support, probs in form of tax incentives
3) Industry partner (referred to in June 21 interview as most likely funding of including Tio2)
4) Asset sale
Above are items I think could be working. Points 1&2 seriously improve economics, would make the mine profitable at much much lower commodity prices. Points 3&4 move towards monetizing asset.
Even with current economics are MC is less than 1 years free cash flow or 10% of the NPV.
If we not see the news in the next few days,, those trades (buys) will sell at 4.40p (range) and we will be back to 3.50p again. Unfortunately, many people here have no idea about the sector, industry and what's going on with Jangada. I don't blame them to be honest, news takes so long and most of people here are tired of waiting and they sell.
I just did a £2k top up. I increasingly think the company will sell the asset but in any case, the complete absence of communication should give us confidence that an NDA is in place and that a big deal is being negotiated
Yep, £1.3m off the MC from £18k of sells.
Whatever views on Jangada is it clearly would have been better selling into the rise, when support and higher prices! Few idiots traders
Biggest volume day in long time was Monday with a vwap of 4.41p. PIs chasing it 20% lower 3 days later on no volume. If not tragic it’d be funny…
Only 500,000 sells dropped this 12%. This share moves up and down on very small volumes. This will rocket on good news.
Looks like a few investors sh*t their pants today!
Thumbs up emoji, Dcat!
Have been looking out for news on developments but not seen much recently. Still looking out for it though…
Mesb - something else of interest in the same sector as fodere. Hadn’t even considered the glaringly obvious - less use of energy on tech such as fodere = good ESG credentials.
After fair few updates they’ve been quiet last couple months. Wonder what next for them?
https://www.businesswire.com/news/home/20221011006018/en/Rio-Tinto-partners-with-Government-of-Canada-to-decarbonise-RTFT-and-boost-critical-minerals-processing
I don’t buy there’s been a leak, not had any before nor and most are aware the BOD aren’t very talkative! We are approaching 6mths since any form of operational update though so plenty news should be due.
Unless anything gets reported late I make it 882k buys today vs 593k sells.
VWAP (average price of transactions) 4.41p.
Last 2 sells below bid at 4.25P (4.3p bid at time) and then bid hit at 4.2p annoying, especially bearing in mind vwap and buys vs sell volume. All should know my thoughts on bid hitting/selling below by now!
look at the buys. its being manipulated. BEWARE