Member Info for Dcat80

Hashnak- I had thought we might try and get updates lined up to trigger warrants conversion, however if BOD are confident we don’t need funds then maybe they’re targeting getting them ready shortly after they expire on the 15th October? Why dilute at 6p with warrants if we don’t need to. Relies on bod being super confident as always nice to have some money in the bank in these times, but let’s see. Personally I’d love to get further details and start moving towards and then beyond all time highs for when the slam dunk news lands!

If you’re insistent on 3p I’d say so! Hopefully we’re done consolidating now though and can make a move up. We know there’s multiple news items that could land and even without them current MC is a mockery! I’m personally hoping to have the nerve to hold until 20p until I slice (2p average) as that still leave me a wedge to make the real money later! 20p only be £50m MC and I think we could be getting that in free cash flow quicker than most perceive!

Should fill an order upto 30,000 shares at the quoted price of 3p if anyone needs to buy..

Would be great if so, even allowing the 600k from year 1!

Swizz- I speculated the other day whether with the current support being shown of trial mining limits could be increased or full mining expedited. You thinking this may also be a possibility or at least something being explored?

Working with largo would give other benefits than just financial assistance. They’ve technical expertise and their own sales team for products as well. Main thing is there is obviously a lot of support both financially and politically at the moment, that’s only ever good and could well lead to other options!!

I do wonder with this support whether we could effectively go straight to phase 2 with the chemical plant or whether Brazil might allow the limits of a trial mining licence to be increased, or even expedite full mining. Certainly seems to be a lot of will at the moment!!!

US invests into a Brazil nickel cobalt project.

https://www.wsj.com/amp/articles/u-s-steps-up-efforts-to-counter-chinas-dominance-of-minerals-key-to-electric-cars-phones-11601884801

DS - Agreed should get confirmation soon as was expected to start think end of last month. Hopefully just one piece of news to start coming through

BF - sure they’ll be more articles and guidance from Brazil regarding how they plan to incentivize further mine builds. Both from a regulatory aspect which Luis is involved in and also financial as in will state provide government backed loans, further tax incentives etc.

In the same state we are in both local and national government are supporting a new uranium mine build. Obviously uranium has larger environmental concerns and I’d suggest our relatively low risk operation will have no issues!

https://www.world-nuclear-news.org/Articles/Agreement-on-Brazilian-uranium-phosphate-extractio

Should all be aware vanadium and titanium are on the critical list as well as PGMs. Looks like USA are finally looking to act on it and actively ensure they have supply not reliant on countries they consider unfriendly such as China and Russia.

S Africa is the only other current large supplier of vanadium. Brazil and Australia also supply/have deposits to develop and are no doubt preferred from a USA point of view.

https://www.whitehouse.gov/presidential-actions/executive-order-addressing-threat-domestic-supply-chain-reliance-critical-minerals-foreign-adversaries/

Regardless of who owns the 6p warrants they all (circa 40m) expire 15th October.

The NEDs do have 9m options at 2p due to expire December 2024.

Warrants are 6p and expire 15th October. If the warrant holders have cash sitting in their account they might exercise if SP is as little as 6.6p for a quick 10% gain. Would need to be much higher for them to justify selling shares in another company to get the cash to convert warrants, suspect they’d want a 50% uplift ie 9p.

Question is do the company want shares issued at 6p if they are confident business should be much higher and if so do they have the news/newsflow to re-rate SP to those levels. We certainly think there is lots of potential news, but how much of that could be ready pre warrant expiry?

Certainly warrants aren’t a downside for us at this SP, but if the BOD does want them to be converted then SP will have to re-rate quickly to bring them in which is obviously good for us current holders!

Good. If largo were to take an equity stake in our project then it’s much easier having a common accounting date to assess the asset on...

So I was right? Yikes I’m getting a headache with this ;)

So more aligned with largo then Swiss?

Swiss has corrected me on largo. Apparently they’re 30th September. Teaches me not to just look at RNS dates and periods! Sorry on that point!!!

Don’t see Jangada stating aligning with largo on any kind of comms until they’ve concluded and confirmed any deal with them though.

BF- I’d be concerned if we were revenue producing and needed to know cash/debts etc. However as posted earlier we know cash and what we’re funded for. If they are going to move reporting dates it’s better done now than when we are producing and should have income reported! Hopefully next year!

Quite possibly coincidence, but with Jangada current direction maybe more relevant. Believe Largo accounting period is also 1st Jan -31st Dec.

Surely more likely a chance in our reporting date for that reason?

Been a little selling today, but agreed doesn’t feel like much appetite to sell here now with us consolidating around this level for some time now. I know a lot of my fellow Arcm holders have Jangada as a priority investment when things go well there although I’d selfishly prefer re-rate here first as Jandaga is my largest holding and would be nice to see a good wedge of paper profit!

Does seems planning on keeping hold of the remaining Valore shares.

Only thing I was hoping to see in any accounts was whether they’d been a further investment in fodere group. The update RNS was worded since our “initial” investment. Although any subsequent investment outside account period wouldn’t have been stated.

Other than that not much to say. At the end of the day we know we’re cashed for drilling and PEA plus have the Valore shares which value we can check easy enough.

On other note didn’t expect ask to drop to 3p again. Held up when market had a mini meltdown start last week and with presentation confirming strategy i wasn’t seeing a reason to sell!

Spot on BF. China making a large shift to renewables means lots more power storage I.e. vanadium redox batteries required. Should be significant demand increase for vanadium over the years!