Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. 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.
Well done D220. Frustrating day with mms holding it up hoping for sells and they were gifted one at almost a 15% spread! Just giving mms money! Still ended day 387k buys vs 201k sells so pressure on them continues.
I've done my bit today. I bought 24k shares this morning and have bought another 140k ish this afternoon.
By very little I mean it’s Nt to buy. Fill and kill at 2.3p for 30k shares if anyone wants to buy..
Morning joeman, yep. Like I’ve said mms are short of shares and if we get some further good buying another big move up is on the cards. Very little offered at these levels so a push to 3p+ is possible if buyers step up
Looks like bit of momentum started DCat. Hopefully it will continue for a while longer.
Jan trades summary
Date Buys Sells
2/2/24 1.375m 170k
5/2/24 292k 150k
6/2/24 1.6m 800k
7/2/24 63k 50k
8/2/23 137k Nil
Something I considered other day is I reckon fodere economics will be quite similar to another of my holdings EML. Stage 2 fodere should produce revenues in excess of $600m and have over 20 year stock pile at that run rate. Margins will be good so I think $2b npv is on the cards. Fodere have environmental permitting in place for stage 1 and funding as well.
It’ll be an exciting period when fodere do start more regular newsflow.
$2b npv is also circa 20 times that of the current pitombieras NPV of $100m. So in a way a 5% holding in fodere (Jan currently over 7%), should be just as valuable as pitombieras in its current state (expect fodere tech to
Improve economics considerably).
In meantime comfort can probs sell bres shares if need to as 2 parties shown they are happy buying blocks at 5p with no warrants. Jan has the warrants as sweetener if required..
Circa 1.4m buys vs circa 800k sells at vwap of 2.2p today. That’s after considerable buying on Friday already left mms short of shares.
Was 2.61p to buy 100k shares and probs about £30k buys away from 3p before the idiotic selling below bid and then further selling when Nt to buy. Would have been better to put sell order in than smash it down well below vwap….
Hopefully we see the end of such selling method and buying continues. If so that 3p could be pushed soon as mms are clearly short of stock following the recent but vs sell ratios…
Yep. Little point posting when no one wants to listen.. Fodere has for years been my reason for investing and the update which included commentary on their S Africa plans shows just how profitable Jangada stake on them will be. They’re funded for stage one plant build which should produce revenue of over $120m and fund stage 2. Stage 2 revenue wpuod be nearer $600m+. Opex cheaper than current plants so expect 50%+ margins. They’re a $1b company on the making.
Then Jan has right to fodere tech in S America, not just for use at our project, but throughout S America to licence to other parties. Then of course pitombieras.
Yes fodere are slower to develop plant than hoped, but it’ll be much bigger and they’ve got financing for that larger plant via African development bank. Hopefully now see solid progress for them and later in the year results on pitombieras…
See you are still here DCAT80...
From the SP action looks like someone wants our shares !
What I’d really like to see soon is Luis working his magic on new acquisition, with cost down the line in form of royalty on production etc.
He acquired Bravo asset for circa $1.2m before listing it at nearer 100 times that value! Don’t expect the same kind of uplift here, but could be great for Jangada and at least produce more frequent news and reason to buy 🤞
Good to see Bres news today landing just when the jabgada book was set for big move.
I’m less concerned by the Bres day to day share movement. To me 2 entities buying bulk stock at 5p without options means there is likely options for Jangada to reduce their if funds require, especially as can throw in warrants of necessary. It reduces the liklihood of a forced poor placing..
Guess no one was going to help sneakerking out on usual cost of a tio2 plant…
The capex for a std tio2 plant capable of producing 80k tonne per annum of tio2 is circa $750m. That requires feedstock of a minimum of 40% tio2.
Within the latest RNS under further information you’ll see the fodere Witibank stage 1 plant will cost circa $75m, is to be fully funded by Africa development bank and will produce circa 32k tonne tio2 (plus other commodities). That’s using the 32% tio2 content feedstock a std plant can’t manage.
Simple maths for you…
If the fodere plant was using 40% feedstock not 32% it’d produce 40ktpa tio2.
2 x fodere plants at $75m each would cost $150m. That’s a $600m saving to a standard plant.
Can you understand the commercial implications of $600m capex savings on a plant? How much would a company wanting to build a tio2 plant pay to use tech which would save them $600m? $100m, maybe $200m?
That’s just a quick and simple way to demonstrate the potential of fodere disruptive tech.. Plus Jangada own the licensing rights for the whole of S America…
The investment in fodere should prove to be very worth while for Jangada, before even considering implications on pitombieras. It’s just a damn shame fodere are taking their time over getting a plant over the line!!!!
Interesting article and good to put Jangada in the context of other names. For me, the Jangada £ opportunity is understated and the Fodere tech could do with more explanation. That said, clearer management guidance on milestones needed to make the narrative more exciting.
Https://total-market-solutions.com/2023/12/20-mining-companies-for-2024-part-ii-g-z/
Obone - there has been a seller over last few sessions. Every day selling below the bid and chasing it lower. It puts off buyers. I suspect the 400k sell was same person. Until that style of selling stops I’m largely switching off. Hopefully they’ll be out soon or at least have got the money they need for whatever reason.
Sneakerking - We’ve been through your case about should have kept Valore shares Months ago. If not sold they’d have been multiple placings at Jangada by now and the value of the combined Valore stake would be less than half the value it was sold for by Jangada!
The investments in fodere and bres will definitely produce higher returns, very little doubt about that. I bet you haven’t even calculated the revenue fodere are expecting at stage 1 and stage 2 from the last RNS. Or calculated how much cheaper capex is required building a fodere plant to a standard tio2 plant!
The issue is very much comms and them not having completed on a new acquisition which has been mentioned numerous times. We’ve desperately needed something to work on and produce newsflow, SP is where it is without that happening or any proper disclosed plan. It’s no reflection of the fundamentals.
Again I’ll say to you we’re all frustrated and annoyed, but at least get the facts right and understand what Jangada have and the potential.
The sad part is McMaster could have let half of his stake ride in ValOre metals , which had its uranium property bought by latitude uranium, and subsequently latitude will now be merged with Atha Energy, a uranium powerhouse in the sector. He, and shareholders lost out on so much alpha due to his shortsighted thinking. Latitude is currently at $50m market cap and will be sold at $70m market cap once the merger with Atha is complete in March. Also ValOre is enjoying drilling success at Pedra Branca and still has $10m market cap. Instead he invested in other companies and has done nothing at Pitombeiras for a good year and a half.
The 16:29 marked as a sale is my buy @1.39p.
I don't have L2 anymore and I'm a bit perturbed to see a 481k volume sale at 1.3p just before .
Whats going on...or not going on ?
The lack of any communication is maddening.
Clarification on my last post. Having reread this RNS a couple of times. The 25te sample is for Fodere's precommercial plant.... not expected to be available until mid 2024, so fully understand why the 25Te sample hasn't been shipped.
Still lots of potential but moved out towards H2 of 2024 (assuming we are one of the first test runs scheduled on this pilot plant).
Things are progressing with Fodere.
Great numbers from them too in terms of mineral recoveries so the line "With the Exclusive rights to South America" might end up being the real value in Jangada.... far more than Pitoembieras.
That said, is the 25Te sample waiting to ship a new sample? Disappointed if this turns out to be the same one announced so many months ago.
Cheer up :) I'm invested as of Day 1 from the IPO!
Seen it up to 10p and down to 1p.
Happy to hold and see how it plays out.
I started investing in JAN in 2020 real terms taking into account inflation i am 76% down so i can beat you there!
Great. I hope I can recover from my 50% downside.