Member Info for Dcat80

I’m not sure a £250 top up at 6.85p earlier really qualifies, but if it does then yes. Was someone posting on twitter they’d opened a position yesterday, plus someone else I know from mutually holding Arcm also opened a position yesterday.

Close at this level would be platinum highest in 5 years. Still well below 10 year highs as well. Good for Valore, possible we also have PGMs within the mafic/ultra mafic rock at pitombieras as well...

P.s. well done IFC. Chunky holding now at this SP, beauty of being able to average up!

We’re at that point as Swizz was making that with PEA getting ever closer we should have people buying, however most us current holders won’t be looking to sell.

With the delayed 200k buy we’ve had circa 600k buys to no sells. As we know free float is only 60m, so 1% of free float bought today with no sells. Hop, jump and a skip and we’re back over 7p ;)

Morning Obelix, hope it’s warmer where you are today!

Book looks quite strong this morning so might get a nice little jump up today. Fingers crossed

Unusually it’s showing already, often see anything over £5k delayed nowadays!

Morning obelix. I’m well thanks with a chicken tikka ordered for lunch :)

There is stock available at 6.47p and 6.5p, so might be worth putting in order if you’d broker not filling online

Obelix- personally I think PEA won’t be until end of this quarter, they’ll upgrade resource report first. However plenty of news to keep us occupied until then.

I’d love to see is comfortably into a double digit SP before PEA. It’s certainly not unreasonable, just need message to spread further through networking. Lots look for news items within a few months and I’d hope when our PEA lands they’d see the sense to hold well beyond!

News -could be due a mocidade update. We were told back on 16th November work was being carried out there as well as pitombieras, not sure of the exact extent of work, however over 10weeks so certainly in the window I think that assays and results might be ready.

Likewise could see updated logistics report. When released I’m hoping this gives us a few more clues. Last one noted 300k/t per annum increasing to 600k/t, however since then Luis has amended some of the trial mining rules so could get a nice surprise such as being able to mine more.

Metallurgical tests from the dry process as well. We are expecting this to similar to the Davis tube test which replicated the wet magnetic process, but still need to see. Obviously we want good results with the dry process as that would mean no tailing dam or need to spend Capex getting water to site. Another bonus could of course be additional minerals including the testing of the mafic/ultra mafic rocks.

There are other items that could land such as new tenements, further fodere updates etc

Afternoon Obelix, yep the trades are all real. Seem to get a number of small trades everytime an MM moves their quoted BID/ASK price. Seen some speculation it might be linked to some of the newer commission free apps being targeted at smaller investment amounts.

I’m taking that as a written contract now Westie :)

He’s already liked by most retail, however agreed the right deal at Arcm and he’ll be toast of the town so to speak. As previously commented on a re-rate at Arcm into double figures I suspect we will also see funds move here as a number of holders are well aware of Jangada potential ;)

Obelix - i don’t usually expect to see NEDs so hands on. Often more as consultants with a skill set/knowledge the board need and to fill regulatory roles such as being on remuneration panel etc. I’m sure NVS knowledge of titanium/vanadium from fodere has helped our BOD focus on pitombieras, but doubt he’s heavily involved. Still if he could provide some PR support at the right moment such as post PEA I’m sure it would be well received.

Interesting to see NVS doing an interview for EDL where he’s an NED. I have a lot of respect for Brian in identifying the opportunities of pitombeiras early and the deal with Valore, however PR and interviews aren’t a strength for him (I can assure you I’d also be rubbish at any kind of public talking/interviews too!). Would be good to have NVS working to one of his strengths - investor relations as part of his Jangada NED role.

Good thanks obelix. Had a £500 small top up accepted by fill and kill accepted at 6.2p. Nice way to start the day!

O&W - good use of an order. Bid hitting definitely weakened the book and put off buyers.

If you look at trades over last couple sessions there have actually been more buys than sells... Poor selling methodology and we’ve gone down. Hardly surprising it’s n/t to buy.

We’ve 2 licenses in total. Mocidade and pitombieras.

Pitombieras includes all the targets shown on page 8 of the presentation.

Mocidade targets aren’t in the presentation, but can be seen in the RNS below

http://www.rns-pdf.londonstockexchange.com/rns/4104F_1-2020-11-16.pdf

Obelix - that’s kind of my point. Why Mocidade over pitombeiras south? Must be a reason and can only think it would be good.

I have wondered before though whether we can be a little cheeky. Get a trial mining licence for pitombeiras and then because mocidade is a seperate licence also get a trial mining licence for there as well. Not sure if legal, but then Luis is our guy for that! Could be nice way of doubling production early under trial mining ;)

Think it’s mocidade that they’re carrying out additional work on. Must be something exciting there for that tenement to be worked on instead of all focus being at pitombieras and the other targets. Fingers crossed we get a nice surprise sometime, I’m still hopeful we’ve mineralized in the mafic/ultramafic rock such as nickel, cobalt, chrome, PGMs (such as Pedra Branca)

agreed. Seller hitting bid puts people off buying as they think it’ll go lower. We start rising and buyers watching might join in. Best time to sell is sensibly into a rise, not hitting bid!