Member Info for Dcat80

I added £5k on small amounts, mainly had to fill and kill today.

Agreed, but I mind less understanding it when we’re going up ;)

Outside of auction this time. I’m certainly scratching my head now!

NPV over $1b missing from below...

D220- that’s a good way of making point I was trying to. Marl was taken out for £177m for a 33% share of the project, we’ve 100% of pitombieras.

It’s also interesting in another way the comparison. Say we do get into that elite club of a post tax IRR over 100% and NPV then what kind of stake would a partner get and for how much? It’s difficult to say, however Adriatic metals are valued at close to £500m and hit that brief and 100% of hot Maden (marl project) over £510m.

Would make 25% of the project for £100m seem quite cheap, I’d be pretty confident that would be more sufficient to go straight to phase 2.

Could largo raise £100m if required? Well we know they’ve been offered loads of cheap debt and there could be more to their plans on USA dual listing.

Personally I don’t see largo being able to afford us for full takeover at a value I consider fair. I see is having considerable more upside than them so whilst shares might be part payment I think we’d be severely short changed in the upside.

I do see Largo as a partner in the project though, maybe with a minority interest in project level earned by capital injection used for plant build, possibly with offtaker options as well.

One thing is for sure that with the economics I’m expecting we’ll have options and all parties involved will do very well. Pitombieras we love you!

Like I said yesterday selling all food when done right. Whoever is selling at 4.9p and below at the moment is nothing short of being an absolute ******. Quoted BID is 3.1p. Buys going in over 5.3p. Some people might as well burn their money!

Obelix it won’t be directors, plus I suspect bit don’t know for sure that the 3 TR1 holders are probably inside and unable to sell.

As I commented earlier if just 1 seller maximum they could have is 7.5m. I think perhaps with the different selling approaches we’ve seen (1 very hurried, another selling large blocks such as the 1.25m and 500k with sell orders in and yet another yissy with some 250k blocks when support largely allowed).

It’s not a bad thing if they are done right as it’s allowing lots of new buyers in whom will hopefully look to average up later when other of their investments come in. Just hope sellers act responsibly and don’t hit the bid often!

A company called CMET recently listed via reverse takeover with a £2m placing done, I just found out this evening it was via the same broker Jangada use - Brandon Hill, so someone might have sold Jangada to participate in that placing, if so they probably are sick of my comparison tweets I did earlier before even aware of the Brandon hill connection!!!

Another delayed 600k sell from last night explaining that a little more. Interestingly a odd sale of 199k near today’s close, could that be a tail print and seller out? Question no doubt answered soon, although as before if selling done sensibly it’s all A-Ok anyways :)

No in a word. If it’s all been the same seller then maximum a non TR1 holder could have is just shy of 7.5m. If a TR1 holder then they should have notified by now.

Whoever they are if they sell sensibly into buying as people are building positions then it’s a good thing, provides the liquidity for stake building without spiking, if they keep smashing the BID or not SP rise gradually they risk deterring buyers who’ll just wait thinking they’ll get cheaper.

Annoying though as I’d like to be nearer double digits by now. Spreadex won’t take further longs and thanks to Arcm I have loads of lovely free margin I’d love to use!! Will withdraw some cash from there and see if IG will let me open a long with them, if not then ISA might get a top up and some physical stock bought here

Puts off buyers as well. Has the smell of a trader hitting bid constantly lower instead of showing some patience. On my going up in the medium/long term with pitombeiras project and the news expected this year, in meantime stock will find stickier hands

Any company presentation or interview is a PR piece. Would you buy a car based on an advert? So many rely on the PR pieces then complain when they get burnt. I find it laughable when some PIs blame a directors comments on an interview, yet if an investment goes well from them buying from an interview then the investor considers themselves a genius. Always take with big pinch of salt.

Bushranger project is very exciting. Try and understand that through comparing to peers. There have been some good posts on this board as well which will help do some due diligence.

My own view is over the medium/long term this will do very well based on the quality of bushranger. I expect hiccups along the route and lots of volatility. I’ll be adding to my position significantly if the CLN is utilized or other financing brings it down. Alternatively if it gets above 3p and consolidated I’ll be adding smaller amounts (averaging up from current 1.45p) due to the comfort of the buffet from my average.

Think they were all small amounts showing in auction for some reason and when price moved were taken up. Odd small amounts and don’t know why those size, but think that’s why they all went through at same time at least

The names involved in this thread also supports what I’ve been saying about stock being taken up are by guys who take the similar view as us longer term holders here, by which I mean sticky hands and longer term views than most. Something I think we all appreciate and which shouid mean with the stick held by TR1s that when this goes parabolic a lot of the stock will still be held tight and wont be massively recycled all the time :). Definitely the strongest share register I’m aware of and that’s a group effort

PAL re listed not de listed! 1.25M and 500k sells. Cover most but not quite all I thought were missing sells to balance book.sure check back to see if there was a trade that looked more like a tail end sell

Sellers delayed trades from yesterday just popped up. I not PAL delisted today as a mineral sands play, not sure when placing money needed paying for the placing they had. Possible that was reason for selling? Guess we will never know unless seller speaks up

BF- a number that know me from Arcm have read my research and positioned in Jangada with some increasing this week and further speeding the message. Whilst Jangada is my largest holding and one I freely discuss as being what I consider the best value buy on AIM I’d be surprised and little disappointed to hear it was Arcm being cut for Jangada over any other position. Arcm is still well below fair value even before a deal is finalized with Anglo American. If I had to guess I’d say Arcm needs to get to over 10p before many I know would contemplate derisking there and adding here. So hopefully we’ve still got that buying pressure to come at a later date.

Hoping the technical experts at Valore can provide little more insight on today’s announcement, however from my understanding it appears very significant. A method to concentrate the palladium/platinum into a high grade pile which is then treated with acid vastly reducing processing costs.

Scared to call it, but have we seen the end of the seller? Fingers crossed

Drill assays plus component parts of PEA such as revised logistics study, metallurgy results from dry magnetic separation etc are I think the most likely expected news items. Possibility of other nice surprises such as other minerals or new tenements could also land

News - page 6 of the bushranger presentation. Shows footrot on the slide on the right, same licence as racecourse so a bitter target for the 2mt.