Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
True, though you seemed to know a little bit about it, and I couldn't help but be curious. No matter...I am very excited about the next few weeks, and it was good to hear JP say that the exercising of warrants will help fund ValOre's work in December. As for Jangada, the company must be facing a real (but very nice) dilemma about PW. Do they let Largo or Oz Minerals or others buy in for many millions? If so, do they return the cash to shareholders or look for new opportunities? There must be a temptation to let a major mining company do the heavy lifting and enjoy the ride.
This is going very quickly indeed! A PEA by the next quarter! I still think there is something big going on in the background with ValOre. The CEO has been buying up as much stock as possible even while the cash position at ValOre is modest. Unless he is trying to boost a placing price, I am left wondering if a takeover might be on the cards. Perhaps a JV with OzMinerals is also a possibility.
Fri, 1st Nov 2019 07:00
RNS Number : 8137R
Jangada Mines PLC
01 November 2019
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining
1 November 2019
Jangada Mines plc ("Jangada" or the "Company")
ValOre Metals Corp Presentation
Jangada Mines plc, a natural resources company, is pleased to announce that ValOre Metals Corp., the
TSX-V listed company which purchased the Pedra Branca PGM Project and in which Jangada holds approximately 25%, has published a Q4 Update Presentation on its website, which highlights the value drivers and near term expansion potential of Pedra Branca.
The presentation can be viewed via the following link: https://bit.ly/34iapwE.
**ENDS**
After looking at the presentation, it's hard not to feel that something big is going on in the background. ValOre has little cash but the CEO is buying as much stock as he can when you would think that under normal circumstances a placing and dilution were coming. Jangada insiders are also buying. Oz Minerals is nearby, as Swizz first noted here. Could it be about to takeover one or both companies or agree some kind of deal?
Thanks very much Swizz. One thing that has surprised me is that JP has been buying stock in ValOre and yet he has been able to do it without the sp budging much. It will be very interesting to see how a PR campaign with Brien Lundin's backing will boost the company. I guess it all hangs on the news that comes with it.