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BF - suspect they’ll be in a closed period due to both discussions and accounts due.
I don’t see them buying open market either, far more likely any increase in ownership would be putting money into the company as part of financing package by converting their options when applicable.
Much rather see them update the presentation and carry out some PR. Value of the stock outside of TR1s only totals £3m at current SP….
If they are negotiating offtake agreements and the rest, are the directors currently unable to buy shares on the market?
Incredible price now, it's insane when you consider our cash position, project economics and exploration potential
D220 - circa 100m warrants at 3p at Arcm due to expire mid June and suspect lot of those holders were waiting for the deal volume to either flip them or sell existing shares to raise funds to convert the warrants. Always was going to take strong buying to sustain a rise until they expire, however less incentive to flip at current lower SP and in relatively short period any remaining not converted expire. Hopefully see a good sustained rise once they’re cleared and when Anglo start drilling.
The drilling commitment of averaged out and with the minority holder contributing is circa $9m PA for stage 1, that’s well over 6 times what Arcm spent in their busiest drilling season and that data from that and the surveys should make major discovery that much more likely now.
Once it does well I’m sure they’ll be some moving across to Jan, quite a few common holders but has to hit slice targets there before things move here!
It is pretty incredible. Think you are on to a winner there. Funny, maybe Jangada shareholders make their fortunes before Arc holders. I guess we have the advantage of being closer to production and revenue. Still excited by the company's future and the thought that tens of millions of dollars could be funneled into exploring its other prospects...
Bf, thanks for the heads up re ARCM - I have watched with disbelief as it dropped below the pre news price. Have taken £26k this morning though! :-)
Congrats to Arc Minerals holders, let's see if some of their profits end up in Jangada. It could be a good few days for the sp if so
They already own 42% - how much more skin do you want them to have in the game?
Next Steps
Tio to Dfs / Dfs - Updated to full fe v and Tio
Announce strategy to monetise our assets -
Mine build inclusive within royalty partner / offtake deal / jv
or sale of the project
good post. Investors too often look at their companies in isolation from the rest of the market. Sentiment (particularly for aim minnows) is awful.
Highly unlikely that will happen, in my opinion - it would have to be extremely material to make a significant difference to their individual positions.
I think we need to remain realistic and remain mindful of wider market conditions in this time.
@BurtonD - While there is good material in that article (though I can't view it by social media as I'm blocked, so I apologise for the tone of my previous comments), I think the gap is the BOD explaining what happens next. Timelines, goal, objectives (resource upgrade/production increases via stage 2, etc.). I feel the market needs to understand what is coming as the next potential catalyst.
We could do with some director buys right now
Thank you for sharing with us Burton, hope you have a nice day. Take care
“…Last year’s forecasts for Jangada regarding the dates for the completion of the DFS and commencement of production, and the project economics, became cemented in the market’s mind. Now that the dust is settling investors may begin to take more note of the Report’s positives…”
https://total-market-solutions.com/2022/05/jangada-mines-plc-3/