Jangada Mines Share Price (JAN)

Totally agree Gallmat. I’m convinced those writing love songs to Brian on this message board are either close friends or himself. Nothing can be said other than what a complete and total disaster Brian has been as CEO.

So you’ve given up on Pitonbeiras, their flagship?

I share your assessment of the situation. While transparency from Fodere remains limited, it’s reasonable to assume Brian and NVS have greater visibility—though regulatory and strategic considerations likely restrict their ability to communicate details publicly.

The alignment of incentives is clear: with 20%+ stakes each, Brian and Luis have significant skin in the game. Their focus will inevitably be on unlocking value, even if shareholder frustrations aren’t always addressed proactively. That said, the lack of progress updates—whether due to minor delays or deeper issues—only fuels uncertainty, which benefits no one.

Your point about Fodere’s ownership structure is critical. With directors (including Quinn) heavily invested, the motivation to deliver exists—but the repeated delays raise valid concerns about execution risk. While maintaining a collaborative relationship is necessary, shareholders deserve clearer timelines or milestones to gauge progress.

Diversification into a parallel project seems prudent. Replicating even a fraction of Luis’s Bravo success would mitigate the overreliance on Fodere’s timelines. Given Jangada’s track record in asset acquisition, pursuing such an opportunity could restore confidence while this plays out.

As posted before Luis probably done the best asset acquisition in recent juniors history.

Page 13 of the Bravo mining ipo prospectus does highlight Luis bought their asset for just $1.3m, of which just $300k was an upfront payment.

https://bravomining.com/site/assets/files/5752/20220715_bravo_mining_ipo_final_long_form_prospectus.pdf

Bravo then floated at c$180m MC ($140m USD).

We only need a deal a fraction as good as the Bravo ones for a large re-rate from £3m.

3m delayed buy from Friday morning printer after hours today. That’s someone grabbing the over 1% of the company and circa 3% of the non-TR1s holdings.

I think it’s worth a reminder of quotes from interim report released 19/9/24, when SP was at same levels as

“to identify and acquire high-potential opportunities within the resource sector that offer substantial revaluation potential.”

Additional Projects

“Our secondary strategy is to seek out high-value opportunities where our expertise can unlock substantial value. While we have assessed several greenfield projects, we are mindful of our capital structure and the significant investment required for mine development. Instead, we are focusing on distressed brownfield opportunities and non-core assets, where we can structure deals with minimal upfront costs.”

“Additionally, we remain dedicated to identifying new value-accretive projects that can rapidly revalue and dramatically boost the Company's performance.”

If Jangada do finally manage to complete on such an acquisition that meets the above language then we should see a good re-rate. I’m certainly keeping fingers and toes crossed at the moment.