Member Info for Dcat80

Opposite today, guessing circa 700k dumped in a hurry. Very frustrating when selling is done in this manner rather than controlled…

Obelix - just a message of keep safe and hope your colleagues make a good recovery. Thanks

Fortaleza has its own international airport, flying from London you’re looking at one change from what I’ve seen from a quick look.

Thanks Tex, stunning photos there and quite possibly hits the criteria for a dream holiday home!

I came across this article yesterday

https://www.forbes.com/sites/kathleenpeddicord/2021/06/08/3-places-to-own-your-dream-second-home-in-the-sun-for-75000-or-less/

Got me joking if Jangada does really well I should buy investment property in the area which I could use when visiting

Obelix - think we all know you add when possible ;)

Would love for it to be possible for us to retain our Valore stake, however if it has to be sacrificed to get us producing then so be it.

As discussed before though we don’t know the mineralization of the mafic/ultra mafic rock that surrounds the VTM deposit. At Pedra Branca the mafic/ultra mafic rock contains PGMs, Nickel, Cobalt, Chrome and Copper. We could well have such minerals, whether they are just in trace amounts and uneconomical, world class or something in between has yet to be seen.

Mocidade I’ve mentioned before we don’t know anything about minerals present, there are some magnetic targets suggesting of VTM, but what has been found?

Possibilities are there and anything really is a bonus, just not worth expecting anything for now and if something else there then great, plus edd have snorter taking point :)

Tex - so long as you’re keeping well, hopefully the news will start landing more to give us something new to discuss

BF- those prices are just numbers to illustrate the point. I’m no oracle and can’t foresee if those will be levels at those stages or if partner will be involved and if so when!

Tex, hi stranger!

Is it better value now at just over 8p now we have the released PEA or at 5p when we just suspected we had a highly economic project?

Likewise would it be better value at 20p if licences all approved and financing confirmed? Or at £1 in few years if full mining licence and full plant in play?

Buying now and we’ve all the above to look forward to if all goes to plan, however they’ll be other good opportunities to buy as project develops. Can’t speak for Obelix, but reason I added blocks at 6.6p, 7.8p and 9.4p (75% bought at circa 2p average) is I’ve seen project develop well and I’ve the buffer of main block of stock being well in profit. When it reaches stage I want to take money off the table I plan to just as patiently do so, not withstanding any significant change to my perception on the risk vs reward.

??Monthly assays usually received this time month
??Updated resource at pitombieras north (85% of current resource)
?? Mocidade update (exploration work commenced Oct so overdue)
?? Additional licence news (expect us to be locking up more land before rush....)
??Goela drilling
??Met test work results. Now progressing with dry magnetic separation route so dry testing must be good
??MOU update with state Ceara to make project part of state development agenda
??Port of Pecan negotiation update/updated logistics report
??off-taker discussions/MOU

All leading into the big ticket news items of
??Updated PEA expected early Q3
??Trial mining approval

In addition could get update on Fodere group, any work being done on the Tio2 and perhaps later partner news..

Plenty news due, but not seen any arrive yet.. Pressure been building on the book for sometime now and it flipped yesterday morning with no declared trades with both jber and cantors then biding for stock which they weren’t before..

Believe chart was coming into play as well so might have had few watching that.

Hopefully just the start with news rich period!

Yep Bed and ISA or transfer of shares to a spreadbet account which operators like Spreadex will facilitate, both protect against future tax.

Obelix - I’m good thanks, weather better and that’s always pleasing!

There are about half a dozen news items I can easily think of that should be due. I think best to wait until they start landing and see if we need clarity and if so then ask for it.

Pitombieras clearly are main priority at the moment with plan to produce, however it was October we were told work on mocidade would be done, that’s circa 8mths ago! I’m only expecting basic work such as trenching and rock sample analysis to have been carried out, in short just to see what minerals appear present. I’d be disappointed if in that time there wasn’t one day of nice weather we’ve a geologist might think “Oh, what a lovely day for a 3km trek to Mocidade with my geology hammer and chisel, take a few samples and enjoy the scenery”.

I might jest, but I’d be sorely disappointed if basis groundwork hadn’t been done, especially when pitombeiras exploration has been held back by the worlds slowest drillers!

BF- can’t see drilling mocidade as priority, however the basics such as collecting rock samples or trenching doesn’t rely on the worlds slowest drill team!

On your pension all I can recommend is to phone then and chase. Idiots involved in mine were sending correspondence between themselves by post or requesting additional details from me, with time lags suspect it was 2nd class post as well. Would have gone much quicker if they called or emailed, not exactly customer focused is polite way of putting it....

Good thanks Obelix, hope you’re enjoying some nice weather to- been a long time coming!

Should be due another set assays soon, hopefully something on Mocidade to as work there was supposed to being done concurrent to pitombeiras drilling. With other development work going on might get few updates :)

Probably agreed around time we stopped doing RNS on Valore announcements, if deemed our holding now doesn’t warrant an RNS on Valore news then we don’t warrant BOD representation at Valore. Good to see Luis staying as advisor to help them out though.

Would be nice after next PEA/PFS if the company presentation was updated and included a 2 way table showing expected free cash flow PA against various iron and vanadium prices.

Not expecting the iron prices to stay at these levels for long, but vanadium should have a long way to go.

Interesting observation by one of the BMN boys. If vanadium price increase does follow the 2018 rise in time frame and we meet our Q1 2022 production guidance we will be producing at very good time, payback will be extremely quick!!!

https://twitter.com/setcentric3/status/1397095267661398019?s=21

Pitombeiras North was circa 85% of the maiden resource estimate and 75% (1500m) of this current drill program (2000m) has been carried out at this target to.

They’ll certainly be updating the estimate for PN when they can, whether they release to market then or wait until they’ve the data for Goela as well isn’t clear. I’d work to if it is provided earlier and separately it’s a bonus, but not necessarily expect. Personally though I always prefer it when company has news to catch out anyone trying to trade newsflow, that applies to all my investments not just Jangada.

Well it’s currently nt for 10k+ shares.