Member Info for Daisy1963

Then you had better sell up and protect your profits.

10th Sept.

"As for the continuous release of news, I am thinking that Jangada made it known to BRES that they wanted to exit whether by choice or not and BRES have tried to get the price up to help them out. I am not sure how many warrants therefore or remaining JAN shares are left but I would imagine quite a lot yet. Either way, if all the MSP nations mentioned above have institutional support, then we might have some peoples willing to take all those shares over the coming months."

As I alluded to on 10th Sept and 30th Sept, someone has taken a strategic stake, the easiest way was to buy shares off JAN.

Could it be along the lines of a deal like SVML have with RIO, where they have taken a 19.9%stake and have to make a bid within 180 days of their published DFS as having first right of refusal?

Whoever it is needs to be "on the right side" regarding strategic investments and interests.

As for the continuous release of news, I am thinking that Jangada made it known to BRES that they wanted to exit whether by choice or not and BRES have tried to get the price up to help them out. I am not sure how many warrants therefore or remaining JAN shares are left but I would imagine quite a lot yet. Either way, if all the MSP nations mentioned above have institutional support, then we might have some peoples willing to take all those shares over the coming months.

The share price has dropped in case you have not noticed.

Someone seems to want out of this for whatever reason

That thought had crossed my mind.

On its own the study may not have much impact on the share price, coupled with an offtake agreement, it may do.

Only if we deliver a feasibility study on time with an offtake agreement for the CBS.

We`ll be lucky to get to 14p.

I am certain that there is some serious accumulation going on here.

Still no mention in the update about the potential Chinese customer, they were hoping that the optimization of the process would lead to an offtake deal.

Don`t forget further offtake agreements and UK Govt grant funding in respect of last offtake deal with British company.

DFS was scheduled for mid/late November according to sources.

Https://youtu.be/zrKVLuhtbi4?si=dVV-aVRPCmox_HRR

Any details or do you have to subscribe?

Anything specific to graphite?

I don`t think they are asking for buyers of the company, I think they want institutional and/or strategic investors first.

It "should" be a good week. Last week we had three days out of five where there was more than 100 trades in a day.

I agree with Merchant Bankers statement below regarding several funding options.

Looking at Slide 7- the benefits of the MSP accreditation- shows 14 of the members who may want to be part of any funding, they are also offtake discussions in tandem with most of these nations. I think it bodes well. there may be incentives to balance financing as opposed to offtake deals. The details are sometimes in the slides that sound boring.

As for the continuous release of news, I am thinking that Jangada made it known to BRES that they wanted to exit whether by choice or not and BRES have tried to get the price up to help them out. I am not sure how many warrants therefore or remaining JAN shares are left but I would imagine quite a lot yet. Either way, if all the MSP nations mentioned above have institutional support, then we might have some peoples willing to take all those shares over the coming months.

Is Brian still about?

Not heard anything from him for a while.

Hope you are well BM

WaterBorne Capital's involvement gives us confidence that a first-class funding solution can be structured, locked down and implemented once the DFS is finalised.

After looking at the list of financing houses involved I would think that things are progressing slowly in the background with a deal being worked on as we enter the final countdown to the DFS. BRES will want the project to commence as soon as possible and there is no reason why that cannot happen.

We are also seeing some chunky buys going through now so it seems we are at the business end of things.

Strap in...

My estimate of the updated JORC resource is 50-60mt.

What sort of silly valuations are we talking?

I am expecting a funding package will be announced very shortly after the DFS.

GMET -£124M. Ten times ours!

That`s ok, it is easily done.

Thought we had missed some news.