Member Info for D220

Dont let the "Challenged" drive yu away F79! There are still quite few here who value your posting!

Despite being initially horrified by the Purebond funding, I changed my vote (at least for Stage 1) and am keen to what unfolds over the next few weeks. that will then determine my next course of action.

I am Ben! Or Spartacus!

Or none of the above :-)

Nice little move up this morning. Just people getting in for the dividend?

Looks like it is no longer flat at 140.

How soon before we get more details on the Zim assets? I guess it will be AFTER the GM if Purebond funding is needed for the purchase. I hope they are low cost and don't need too much operating capital. If they are value accretive (and Ben moving to Zimbabwe shouts to me that they are) then I am happy. It is still all about the KSZ for me though.

Good post Mr Robo - I completely gree with your sentiments.

Good reminder for me MrRobo.I had forgotten my (5.5p :-( ouch) placing shares were held with JIM. will have to figure out how to log in.

I have just voted according my best interests as a shareholder. Using HL - very easy.

I would love to know what Mike Moles' view is on this latest proposal.

Https://www.telegraph.co.uk/investing/shares/volex-electric-car-stock-gains-questor/

Summary:

"While it is tempting to lock-in the stock’s large capital gain, this column believes it has further room to run. Therefore, Volex remains a worthwhile holding in our IHT portfolio."

So, shareholders will get the chance to voice their approval or otherwise of the proposed fund raise on 8th June. Don't let apathy rule!

Done :-)

FKC yes I am still in, but am not on Twitter and no longer a member of the Telegram group...

I am happy to put my 5.1m shares towards getting some clarity.

I'll throw my several million (shares!) in support of calling a GM too.

From Telegraph:
"Shell is looking to sell its stake in a controversial North Sea oil field after Labour accused the Conservatives of failing to bring in a "proper windfall taxes" on energy giants.

The oil company is looking for a buyer for its 30pc holding in the Cambo oil project, its partner Ithaca Energy has said.

Cambo, which is the second-largest undeveloped oil and gas discovery in the North Sea, has been the focal point of many protests.

Shell has been rumoured for months to be looking for someone to take over its part. The remaining 70pc of the oil field is owned by Ithaca Energy.

In 2021 Shell scrapped its development plans for the project, putting its future into doubt.

Today’s announcement comes after the company made nearly $1.7bn (£1.4bn) more in profit than experts had predicted in the first three months of the year, with adjusted earnings rising 5.7pc to $9.6bn (£7.6bn).

Shadow chancellor Rachel Reeves said: "Shell reports £7.6bn profits for its first quarter yet the Tories refuse to bring in a proper windfall tax on oil and gas giants to freeze council tax this year, as Labour would.

"We'll tackle the cost-of-living crisis, and put working people first.""

I would like a vote on this too. And much more information before deciding whether I support the idea.

https://www.telegraph.co.uk/news/2023/04/22/chinas-rare-earths-weapon-is-disintegrating/

"The meaning of this is that the world is well supplied with that special mineral which gives China the advantage. Therefore China doesn’t have that advantage and so there is no threat.
Another development to expect in three or five years is that rare earths are going to get markedly cheaper as the new – cheaper to mine, more abundant – supply comes online."

Clever, I think this is what you were after!
"Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning."

DU, if they do, they won't admit as they would then have to do something about it.

17.4% increase in operating profit on last year. Wonder if the divi will be raised?

RNS
Pitombeiras Update



Successful Extraction of Titanium Dioxide & Vanadium Pentoxide



Jangada Mines plc, a natural resources development company with interests in Brazil and elsewhere, is pleased to announce that it has received positive test results regarding the extraction of high-grade titanium dioxide ('TiO2') and vanadium pentoxide ('V2O5') from its Pitombeiras vanadium titanomagnetite ('VTM') project in Brazil ('Pitombeiras' or 'the Project').



The tests were carried out by Zambian consulting firm, YCS Sustainable Solutions Limited, utilising the proprietary technology developed by Fodere Titanium Limited ('Fodere'), in which Jangada holds a 7.7% interest. The work is part of the Company's strategy to optimise the value of the Project by applying innovative processing technology while also improving its Environmental, Social and Governance ('ESG') credentials.



By working closely with Fodere, the Board recognised that its sustainable technology, initially developed to treat low-grade and complex titanium-bearing feedstock, could be applied to and improve the economic potential of Pitombeiras. The highly energy efficient technology maximises resource recovery, improves processing effectiveness, reduces costs compared to regular processing routes and importantly, minimises waste improving environmental credentials and enhancing ESG performance.



Five samples, delivered by Jangada from various locations at Pitombeiras, were crushed, ****genised, and milled. The samples were then subjected to magnetic separation. Preliminary test works concentrated the Fe2O3, TiO2 and V2O5 with all upgrading well and excellent recovery and purity rates reported, the highest recovery rates being 86.73% TiO2, 91.19% Fe2O3, and 95.88% V2O5.



With the adaptation of Fodere's technology to successfully process ore from Pitombeiras, Jangada is now preparing 25 tonnes of material to be tested on a larger scale in order to finalise a commercial flowsheet and provide in-depth economics for a Preliminary Economic Assessment ('PEA') focussed on the extraction of TiO2, V2O5 from Pitombeiras utilising Fodere's technology. This is anticipated to improve the already robust economic studies carried out on Pitombeiras that were announced on 21 April 2022 with headline figures of 100.3% post-tax Internal Rate of Return, a US$96.5 million post-tax Net Present Value (8% discount rate), a US$145.9 million post-tax undiscounted operating cash flow, and a 13-month payback.



The Company remains focused on commodities that are critical in the energy transition and drive the

circular economy. The strategic investment in Fodere was enacted as it represented an opportunity to capitalise on a new environmentally improved solution that extracted TiO2 and V2O5, two of the three major mineral components of the Company's Pitombeiras project. The Board believes that these test results have vindicated its investment decision. Importantly, J