Member Info for Dcat80

Should be getting very close to first assays now. Week to drill first holes another to prepare and transport to lab and 2 weeks in lab seems about fair. Wonder if we’ll get weekly assays though or if they’ll be grouped up a little more. Certainly hope we get a map with drill holes clearly marked so we can get a clearer idea than just some random hole numbers!

Ceo.ca is the most used bulletin board. There’s a high proportion of traders though, most research oriented posts come from
Someone called Swizz. There are a few that seems to be more interested long term, but their posts are far and few between.

I use the ceo.ca app on my phone for ease of viewing

Marketing and awareness? With vanadium prices showing signs of recovery it’s not a bad thing for company to tweet with a hashtag vanadium and bring awareness we’ve high grade from surface

Yikes Swizz that’s a mouthful!

Lot of the noise on the Valore boards/twitter appears to have been from short term traders. Hopefully the more serious money ie those that would have attended the various conferences are looking first for the financing to be sorted, either with themselves in it or wanting to take positions once that uncertainty is dealt with. Damn frustrating as a decent Valore SP is an easy read over, but I’m sure the asset will shine through at some point.

I’d have thought with the mining industry in Brazil and Luis’s in country network that they’d use a local lab as opposed to shipping drill samples/cores further afield. Also believe we got the rigs on good terms as it’s a quieter period for drilling. As such would hope first assays are nearly ready for release.

Very good news today. Said it before iron ore is very magnetic and the vanadium gets cost with the iron, magnetic readings surely mean there’s iron there and even inexpensive exploration such as rock samples as site should test if vanadium also present.

As Swizz alluded to its often the case companies try to pick up nearby licences before announcing good drill results. Let’s hope that’s the case here!

Tex -like you I’m quite laid back on the volatility and lack of liquidity. Should be something any investor takes into consideration though and might put some off. Can’t suddenly cash out a big position near the published SP!

There is circa 40m warrants with a strike price of 6p due to expire in October. We're a long way off that strike price and it would be all time highs to breach it, but with exploration on both projects before then and a pea on our 100% asset it’s possible. In current share count 6p would still be sub £15m market cap. Would mean a lot more people taking an interest than currently do so to get there, but if so should improve liquidity

My last comment in post below has got me thinking. Jangada isn’t very well publicized at all and I was just wondering how investors came across the company, when they invested and why?

Personally I can’t remember why Jangada was on my watchlist, but I started researching seriously in January 2019 following the royalty RNS and 117% increase in Jorc estimate RNS. I looked at the PEA for PB and the RNSs after and then started taking a position

Myfirstmillion- a position size to match your name ;)

I’m wary of trying to get to an exact amount of shares in hands of people that say they’re sticky, there’s only so much Trust we can have in figures we post and someone’s situation of opinion might change and result in sells!

The figures we can all trust is the 71.4% referred to in latest presentation plus the 1% Brian and Luis acquired last week which was RNSd. The n Mark Ward separately holds 3% and would have to announce via RNS if he went below. So from company presentation (71.4%) last week RNS (1%) and company website significant shareholders Mark Ward (3.27%) you can say
75% is accounted for.

There is roughly 242m shares in issue at the moment. 25% outside above is 60.5m shares.

If you hold 1m out of 61.5m that’s 1.65% of the shares not held by BOD/Insiders/Mark Ward. If 60 PIs outside bod/insiders/Mark Ward held 1m shares each that would be the entire share float. That’s why I think probably less than 100 people are invested in Jangada.

As I said people I know (excluding what people have posted on lse) claim to hold about another 10%. I’ve not say them down and said prove it, not if I said I had should you guys believe me! Still it all adds up to the non 75% being quite concentrated.

Obvious word of caution. It does mean share can be quite volatile on relatively modest volume, that works both ways. We’ve seen sellers appear a few times and if they’re in a hurry to get out that puts pressure on the SP (just look at what happened to the SP shortly after the PB sale to Valore was announced!)

I find it an interesting aspect. I can’t say I’ve ever seen another company in which I believe shares are so concentrated. It certainly means there is less people to spread the story by word of mouth! There is no large promoter on twitter publicizing the story! Are we the mad ones for seeing a good opportunity here or worthy of a nice reward for coming across this company and doing our own research?

BF -believe me I wouldn’t be invested in Jangada if the play was purely iron like crusader was! I don’t think it’s coincidence though that the logistics study was done on the exact 300k tonnes that crusader were granted under a trial mining licence.

Obelix - no probs, happy to provide my thoughts so long as they don’t replace people doing their own research and due diligence. I would hate for anyone just to rely on me or Swizz or another poster, if things went tits up here - I’ll be depressed enough without worrying I’ve overly influenced anyone else!

If anyone wants tips on research then just look me up on twitter, only so many people like Jangadas own tweets so it’s easy enough to find me!

Lmoil - think you’ve got it. Valore seems undervalued just on the PB asset let alone whatever value there should be for their uranium asset. In turn Jangada are valued at our shares in the under valued Valore plus cash with again no credit for pitomberies. Downside seems limited, upside could be quite special but Is hard at this time to really rationalise any specific price other than an educated guestimate on the PGM side

I mentioned some time back that I found the logistics page on the new presentation the most interesting. Referencing producing 300k tonnes iron ore and transport costs to China.

Well I recently came across an article about another company who were allowed to process 300k tonnes iron ore per annum in Brazil under a trial mining licence. Similar to what Brian’s other company HMI do. Makes me wonder if this is the route company are reviewing to get some money in early. This might be some news for later in the year and be another point that gets the markets attention

https://www.proactiveinvestors.com.au/companies/news/134978/crusader-resources-gains-mining-license-for-posse-iron-ore-project-in-brazil-36883.html

Obelix - circa 25% free float for public, but of that about 10% is held by public that are quite sticky including 3% by mark ward whom would have to TR1 if he dropped below 3%. As I say it’s hard to be exact as unless everyone pig their shares in escrow to stop them selling you’ll never know for sure! But we certainly be confident that compared to post companies free float is tight! Just need the interest to pick up which as I alluded to o think is more likely at pea stage

BF - not sure on what exact figures we’ll get to either on ownership of Valore or ozs they’ll find, but he’s that’s roughly how I’m personally evaluating value at any given time. I would suspect Valore would go for the obvious targets (low hanging fruit) to start with and they’ve uncovered enough data to figure out where to drill to fill in the gaps to get a good resource increase.

Obviously Valore also have their uranium assets, but I’m not really sure how to value that aspect at the moment and the PGMs are obviously their main project at the moment for a reason

Someone asked in the week how to value Valore against EUA.

Well we’ve the PEA to give guidance on Pedra Branca, plus the subsequent resource upgrades. My personal thoughts were that a fair valuation would be to treat the palladium equivalent resource as gold and review takeouts of gold deposits. Whilst palladium is higher than gold now, you’ve got to take a longer term view so treating sf the same seems fair.

The article below is well worth reading and saving the link to. I always felt $40 per oz would be fair for PB, bearing in mind the high IRR of the project and low capex. Whilst Valore only use the 1m oz deposit at the moment Jangada got to 3m oz using a less strict resource definition than the Canadians use. In short even before drilling Valore look cheap (they also have their uranium asset). Once they get their financing out of the way (which i don’t foresee a problem with) and start drilling I’m sure it’ll start to get a more sensible MC.

Anyway read the link and save it. It’ll help you out on future investments as well

http://www.cipherresearch.com/reports/150601_The-Real-Value-of-Gold-in-the-Ground.pdf

Obelix - well one good thing about these deposits is the iron ore is obviously highly magnetic and therefore geophysics should be quite accurate. The vanadium is also in the magnetic ore. So if they think it could all be connected I suspect it’s highly likely, but can’t be proved until drilled. As I say we should get a much better understanding over next 3 months of assays.

Valore money should be soon, due this month and I think Swiss had found its be the 14th. Wonder if JP will send it with a dozen red roses for selling him the project ;)

What do you mean by how many shares are free for us now? BOD/insiders hold circa 72.5% now. The other TR1 holder another 3%, believe his family and friends hold circa another 5%. Then others I know from outside LSE and day they are sticky say they hold circa another 4%. Roughly speaking to various degrees of certainty 85% is well held. Those that hold and post on here probably hold a fair bit of the 15%, but we don’t know each other well enough to take that into consideration. Plus you never know if someone’s or opinion changes and they need/want to sell. What we can say with certainty is it’s a low free float. I’m very much of the opinion that less than a hundred people hold Jangada shares.

What we need is more people to see the potential here. It’s very hard to put a value on the vanadium/titanium asset at the moment, drill results might help just remind people of the project. I think the pea and then advises on how a form of limited production might be expedited will be the main way PIs will see Value. Then it’ll be very hard to buy a decent position like have here, that will be the time we get our rewards for positioning now, taking the risk early and bring patient- that’s the hope anyway!!

Obelix- Not sure why you refer to it as a project? It’s one of the targets, obviously hope is it joins with pitombeiras to make one large deposit!

Not sure what they’re drilling first, however as previously commented if they’re planning on drilling 2500metres+ over 90 days at 10m pet day. That suggests at least 3 rigs on site drilling 10m per day to hit year 2500 over 90 days. I don’t know if they’re concentrating drills on 1 target then moving them all or drilling 3 different targets at same time.

Been 19 days since drilling commenced RNS. Each rig should have done circa 190m each. Holes were being drilled to
depths of between 80m - 150m. As such each rig should have completed 1-2holes each.

Obviously drill material will need to transported to lab and tested before any formal assays are released, not sure of the company will release any images on twitter etc before. After months of waiting though the exploration work is firmly under way and a better understanding of what the vanadium tio2 asset may be worth should follow!

Premium raise wouldn’t surprised me either. He’s been converting 35c warrants, that’s more likely if a premium raise is on the cards...

Up circa 3% at the moment. Might get the Canadians buying Valore later after it seems to have settled ready for next step back up..