Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Another McMaster disaster.
Alot of posh tarts on here. Engaging is usually better left for the thick skinned
Great post, Dcat80.
Ultimately, I rarely intend to engage with individuals when I post, even in direct reply. However, there are dozens lurking on here that read everything. If we can correct errors or simply put a different perspective on something, then we have done our job.
Let’s see what H2 brings.
In all honesty Rodney, fair play to ya. With all the people that are on either extremes, having sold or are heavily invested and angry at people like yourself for expressing frustration, you are smack bang in the middle.
My hat is off to you my dude. Keep having an opinion and always question a company that acts like it's not accountable to it's investors.
Smalleyus is a good example. He made a point regarding the report that jangada submitted, but failed to report to investors. I'm sure Jangada have many things they can talk about and present, but they are too busy failing to direct multiple companies at once.... and earning loads of money doing it!
Fodere haven't even proven their revolutionary tech actually works! Everyone involved is under NDA. We're taking a risk by invssting, and that's that. With silence, it's just gambling at this point.
And these pr**ks have a go at you for having a moan. Boohoo.
How dare I indeed, it seems.
That'll teach you to voice your perspective Rodney.... leave your opinions at the door before you think about questioning poor communication......
I'm confused as to the emotional investment at getting angry at angry people who are still invested. Imagine, the large amount of people who sold are happy to have saved themselves the trouble we all still find ourselves in..... Rodney, you suck bro. How dare you!
Goleft is far too polite. With the idiot comments on this board you should be greatful anyone responds to such posts.
The RNSs on pitombieras are far and few between as pointed out. As such there is zero excuse for not having read them and re-read them.
December update quite clearly states under bullet point 3 that the fodere plant is targeted for commissioning mid 2024. We are only now in that zone where operational news can be expected. Moaning about lack of news only points to your own lack of understanding or even basic checking of what expectations should be. News doesn’t land just because you want it to! It lands when expected or in the land of junior miners with a delay!
Jangada excluding the bres, fodere and kefi investments is valued as though a shell. We’re only now on the zone for news on pitombieras which will hopefully transform the project into a Tio2 lead project which can attract financing..
The fodere pre commercial plant also unlocks bank funding for their project. If time was spent looking into the potential of that rather than the pointless posting on this board the most would see our stake on them alone should dwarf the current Jan MC if they hit production as planned.
I won’t be holding my breathe that any sense returns here though…
"negative and unhelpful tone"
I appreciate you sharing privaleged information but my comment was questioning the scant communications from the company with regards to this asset in particular. Not negative or unhelpful.
I’m not getting embroiled in a back and forth based on a negative and unhelpful tone.
I have kindly shared the information I have managed to obtain (by, at times, significant hard work). We have been aware that Fodere are effectively dictating the timelines for Pitomberias progression.
It has been immensely frustrating, but the current SP reflects this and offers, IMO, fantastic risk/reward.
All the best. Over and out.
Goleftmassa said
"It seems fashionable to bash BM for the timelines"
There's been a distinct lack updates and any kind of the progress or projected timeline of Pitombeiras. It's been over 2yrs since a 'partial' technical report was issued (with associated share price drop) and over a year since any meaningful mention of the project.
Based on your 'info received' (note - not officially announced info), are we now having to wait for the Fodere line to be built (hopefully on time) before the next decision is made or official update announced?
Guys - take a breath. It's a report covering a specific period. I've heard from two different sources that the sample has shipped (and will now have arrived) with Fodere. We are now waiting for their test plant to be built, which I understanding they hoping to be Q3 2024, but as ever, I don't hold by breath for Fodere timelines.
It seems fashionable to bash BM for the timelines, but it is simple logistics - you don't ship samples if there is no prospect of it being tested.
On an even more positive side, the financial position is healthier than I expected. 21m BRES shares, still 15m of KEFI and a handful of Valore/spin off. It should prevent a shot gun raise before Fodere's gears FINALLY get going.
I think this statement answers your query..
"25 tonnes of material from Pitombeiras awaiting shipment to South Africa to be tested in the pre-commercial plant."
So it seems the sample is still in Brazil.
Should imagine it's like this...
Apr 23 🕳️🪨 ▶️ 🛒+🐴 ▶️ 🚣♂️.... 1yr later...🇿🇦 ▶️ 🦥+🛒 ▶️ 🏗️ ▶️ ...maybe 1yr later =📝
Meanwhile, share price...〽️💩
and stockholders...😢.
It should be 🏅not wooden 🥄!
April 23 Pitombeiras: " Jangada is now preparing 25 tonnes of material to be tested"
Dec 23 Fodere "25 tonnes of material from Pitombeiras awaiting shipment to South Africa to be tested in the pre-commercial plant."
NOTHING since! WTF is happening with this???
A lot of tiny trades today. Someone leeching pocket money from mommy and daddy?
Submitting a Final Research Report is a requirement of the Research Permit which is now void - not required.
They have submitted a 'positive' report which is a necessary step required as part of their application for a Full Mining Licence 'FML'. Once ANM-CE have approved that report then Jangada have 12 months to submit a feasibility study with their FML application.
Question is, how long will it take for ANM-CE to approve the Final Research Report?
It's not a case of '...cogs are still turning...slowly', it's more so 'the clock is now ticking'.
Good Look
Below is a a translation of the submission cover letter relating to the positive research report submitted to the National Mining Agency on the 16/5/24. Seems that the cogs are still turning, albeit very slowly!
To the National Mining Agency – ANM/CE
ANM Process No. 48410.800.235/2014-11
Subject: Positive Research Final Report
VTF MINERAÇÃO LTDA., a limited liability company registered under CNPJ/MF number 33.075.465/0001-60, headquartered in the City and State of Rio de Janeiro at Av. Jornalista Ricardo Marinho, No. 360, Room 113, part, Barra da Tijuca, ZIP code 22.631-350, hereby represented by its undersigned administrator, respectfully presents its POSITIVE RESEARCH FINAL REPORT for Iron, Titanium, and Vanadium substances, in accordance with Article 30, Section I, of the Mining Code (Decree Law No. 227 of 27/02/1997), and requests approval of the said report.
In these terms, it is requested.
Ceará, May 16, 2024.
VTF MINERAÇÃO LTDA
They've reduced the size of the tenement from1093.51ha to 676.87ha.
All part of the procedure.
Good Look
A week to spare, then an extension on the existing GUIA might be the next move.
Good Look
But there is news, it's just not been published!
Have a look on the other place?
Good Look
One of the most sceptical people I've seen on here is surprised of no news? Now I'm worried......
I'm very surprised there hasn't been an RNS today!
Still time!
Good Look
The whole reason most of us have invested here is the deposit in Brazil. When did that change?
Brian must be under some sort of NDA with Fodere, stopping any chance of updates. Unique circumstances when a public company can't reassure its share holders. In the end, it will either be the quiet, golden opportunity in a couppe of years.... or quiet flop. Feels risky investing in a company that can't even communicate any optimism relating to Fodere. Bouncing off the walls with frustration after 1 whole year of silence.
Just to add, DC laid out some clear strategic options recently. Maybe they are not right…but I think they are a good place for Brian to start. Remember - he is taking a salary from JAN so it is reasonable to expect some managerial “action”.