The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Not many trading days left before warrants expire. I guess the question is - do we actually need the money if a deal is in motion with Largo?
common accounting date, common resource standard, common PEA consulting company......
There is a lot in common!
Good. If largo were to take an equity stake in our project then it’s much easier having a common accounting date to assess the asset on...
Yes, Largo are December.....
https://www.largoresources.com/investors/news/press-release-details/2020/Largo-Resources-Reports-Solid-Q1-2020-Results-with-Net-Income-of-57-Million-and-Maintains-Strong-Liquidity-Position/default.aspx
So I was right? Yikes I’m getting a headache with this ;)
So more aligned with largo then Swiss?
Lol...this is brilliant, Largo YE is December and ValOre YE is currently September, albeit fully audited results would be now available to Jangada, at the time of their reporting when they are realigned to their Brazilian subsidiaries,...GL S
Swiss has corrected me on largo. Apparently they’re 30th September. Teaches me not to just look at RNS dates and periods! Sorry on that point!!!
Don’t see Jangada stating aligning with largo on any kind of comms until they’ve concluded and confirmed any deal with them though.
Ah I see what you mean now Bf, just to add further mystery to the conspiracy theories, the ValOre YE is currently September,..GL S
Thinking caps on!
Swizz, I meant it's naughty if it is really about Largo and not ValOre.
BF- I’d be concerned if we were revenue producing and needed to know cash/debts etc. However as posted earlier we know cash and what we’re funded for. If they are going to move reporting dates it’s better done now than when we are producing and should have income reported! Hopefully next year!
Bf, why do you think it is naughty to ensure administrative costs efficiencies?, plus, had we stayed on the current YE pathway, the earliest we would have had an updated finance report would have been late November, possibly December 2020, as a result of this change, we will get an interim report before the end of October, plus you could email Brian and Luis anytime, their contact details are publicly disclosed,....GL S
It's naughty isn't it?! And we have no way of grilling BM about why it is necessary
haha , yes it is.... the 'reporting cost efficiencies with ValOre' could be a cunning rouse to throw us off the scent!
LOL, I have now convinced myself that we will (at some point) have a future with Largo... let's hope I am not disappointed!
- Canadian resource standard surprise.
- Using the same company for the PEA as Largo use/used.
- Aligned financial years.
That's quite a few coincidences..
Tex
Quite possibly coincidence, but with Jangada current direction maybe more relevant. Believe Largo accounting period is also 1st Jan -31st Dec.
Surely more likely a chance in our reporting date for that reason?
Been a little selling today, but agreed doesn’t feel like much appetite to sell here now with us consolidating around this level for some time now. I know a lot of my fellow Arcm holders have Jangada as a priority investment when things go well there although I’d selfishly prefer re-rate here first as Jandaga is my largest holding and would be nice to see a good wedge of paper profit!
Sellers have moved away now. I expect we will move over 3p this week and re-estrablish support based on a just a small amount of demand...
.... now where is that drilling RNS?
Does seems planning on keeping hold of the remaining Valore shares.
Only thing I was hoping to see in any accounts was whether they’d been a further investment in fodere group. The update RNS was worded since our “initial” investment. Although any subsequent investment outside account period wouldn’t have been stated.
Other than that not much to say. At the end of the day we know we’re cashed for drilling and PEA plus have the Valore shares which value we can check easy enough.
On other note didn’t expect ask to drop to 3p again. Held up when market had a mini meltdown start last week and with presentation confirming strategy i wasn’t seeing a reason to sell!
"This change is driven by cost efficiencies in aligning its financial year end to that of ValOre Metals Corp ('ValOre'), in which Jangada has a current 17.68 per cent. interest in and representation on the ValOre board, as well as that of Jangada's Brazilian subsidiaries."
....still not seeing the cost saving driver here, unless we use the same auditors and accounting firms?
definitely more to this than meets the eye.
Interesting development. Seems Jan has more interest in Valore than I thought. No point in making this change if you are planning on selling your stake.
Potential merger?
To be honest I am still not clear on the drivers for the change.
Tex