Member Info for Dcat80

We know they’ve been having such discussions, was advised last year when they originally submitted the Trial Mining application. Process and financials etc changed since.

$78.6m is the direct tax envisaged in current economic model. They’d be tax on contractors employees as well as their tax as well. In short there is an incentive for Brazil to provide some support as they’ll also benefit from the project.

If anything I’d expect is to be asking for more assistance now and precedent set last week with South Atlantic gold is only going to help

https://resourceworld.com/south-atlantic-gold-to-develop-pedra-with-ceara-government-brazil/

https://www.businesswire.com/news/home/20220720005068/en/Fodere-Titanium-Limited-Announces-Construction-of-Pilot-Plant-and-Formation-of-North-American-Joint-Venture-Fodere-America

Interesting to see ex Tronox guy focus on N America market for fodere tech

Hopefully due an update soon on progress. Website been revamped and new presentation at least showing current position before any more news lands now.

Only announcing earlier so looks like only just formal. Sounds like that’s piece of the puzzle they needed as busy period now ahead

https://www.linkedin.com/posts/fodere-group_technology-investing-environment-activity-6953261754680270848-8WQq?utm_source=linkedin_share&utm_medium=ios_app

Got it approved…

Mesb -you’ll be happy to know Fodere finally got EIA. Busy time ahead for them now

BF - I’ll look at properly this evening, only had quick glance during lunch

New presentation

http://jangadamines.com/site/assets/files/5345/jangada_mines_corporate_presentation_final_30_06_22.pdf

Ultimately we’re unhappy with current SP, that having built our positions over some time now that it’s possible to buy at levels the project is valued at sub £6m after considering our cash position and investments. PR is definitely a factor behind that.

Perhaps if others did such “research” as checking how our economics compare to the FS released by ARS, ACP, EML, HZM, ADT1, HUM and MKA all of which are London listed they’d understand quality of the project.

I remain very confident. The April Technical report was to FS level for the majority and that’s to high confidence levels, we know there is plenty exploration upside both from the inferred resource that could not be included in an FS level report and also in the as yet undrilled targets.

I’m also very confident further valor could be added from additional plant such as the pilot fodere group plan to use, obviously that would involve further capex and have to be later stage however it’s to come.

I’m also very grateful that it’s financiers who’ll be looking at us, they’ll have a much better understanding of economics and just how good they are than the average PI. I’ve said before we are potentially at the most exciting stage now with eyes on us, however some seem determined to be down as they can’t be updated on how such conversations might be going. NDAs are likely to be in place, that means time before big progress/news can be the biggest challenge to patience…

In respect of the other recent comment about nothing going on, how do you know? You’ve said you’re not getting e-mails from the company!

Next steps are clear. They’re not work items purely under the control of Jangada.

DFS needs firming up by GE21 mining consultants. That’s not Jangada employees, can’t crack a whip and say working nights. I certainly don’t want Brian an accountant working on mine plant design just because he’s not heard back from GE21 and has impatient shareholders - that won’t end well for us!

Likewise offtake talks aren’t just internal discussions. We know they’ve been in talks for a while, but the offtakers are the bigger parties in the relationship. Economics uncertainty could well be a factor to.

Inbetween discussions with 3rd parties it would be nice if they sorted the PR out though! That isn’t something they should be waiting on other parties for…

PR/Comms we know are an issue, company scores more than a few own goals in that regard causing resentment, frustration and concern among PIs. I’d certainly hope some of the recent comments on this board are from frustration, because they certainly don’t mirror my views…

PR wise a presentation should have been produced post technical report highlighting the revised economical case now that a dry only route has been found not to be an option.

Interview along the lines of the TMS interview from last June would also have been useful. Again production method has changed since, Brian has stressed no raise and we’ve cash. Some talk about how financing might look and whether industry partner might be involved would give insight into the work they’d be doing behind closed doors whilst hopefully setting minds at rest.

Few tweets here and there just to remind people of the project and what’s being worked on also wouldn’t go amiss.

I don’t expect few to get additional updates by email other than the usual we’re working on it, slight delay but should be soon etc. If PR consultants were doing their job they’d be getting enquiries from PIs, feeding them back to Brian and he should then take what said into consideration about if market should be updated by RNS, addressed in interview or even tweet.

PR shouldn’t be just for sake of it, but by missing the basics the BOD probably causing more emails to themselves and resentment among lot of PIs. It’s silly considering how little time and effort converting the basics sound take.

Good to see despite market gloom that juniors can still attract strategic investments…

Hopefully not too long until we get operational update including how offtaker discussions on the iron/vanadium concentrate going

http://www.labradorironmines.ca//pdf/LIMHNR2022JUL05%20-%20Scully%20Transaction.pdf

No worries. Last year was included within the results RNS, as you say this year says another announcement so should be soon.

Definitely worth checking, wouldn’t want to miss a vote on replacing PR consultants would we ;)

Nope. Can’t recall seeing notice of AGM in accounts RNS either so suspect they’ll be RNS at some point regarding it

I remember marl, best PEA I’ve seen released on AIM. Checked back to see how project had progressed few months back and noted the project DFS been released by operators.

Pea DFS
IRR 153% 36%
NPV $1.37b $1.05b
Capex $261m $309m
Marianna resources was taken over after PEA for their 30% share at £167m (£556m 100% basis)

BF - in what regards? Our project certainly isn’t scale a major of that size would want to operate themselves. Outfits such as glencore don’t just operate own mines, but act as commodity traders/offtakers and could be interested more from that angle. Partner interest for me is more likely to come from those with a strategic need for our commodities, largo for vanadium of Tronox for Ilmenite feee for their Tio2 plant for example.

BF - they’ve 8p options which can be exercised to put cash into the company, little point doing that until any cash required though such as part of a mine build financing.

New presentation, broker report and some PR/education on what the next steps I.e. mine build decision involves and level of interest (without specifics or promises etc). Basics really we’ve been moaning about for last year!!

After blaming expectations on reason for sell off in April it certainly seems trying to keep them low. Both Brian and Luis paper position down £3.5m since recent highs, but as they can’t monetize their holdings outside sale or dividend it’s almost academic to them.

Lot of holders seen 6 figure profits wiped out or sitting now on 6 figure losses. No empathy from the BOD though. I do trust them to deliver. They’ve the experience, incentive and a great project, just very infuriating they handle in such a way it’s possibke to buy in much cheaper than mosts average.

Main point on project is 3-9mths for ongoing assessment including full financing options (need to get financing options known before committing to build)
Whilst mine build strategy BOD seeking to pursue might not be producing 2022 (surprised even feasible could, maybe mine build period less than I expected)

During 2021
Extra $491k invested fodere
New $236k invested blencowe
Cash as 31/12/21 $3.5m

Post period
Sold 1m Valore shares equivalent of USD $545k
Cancelled 3m options to ex director (2p strike) noted as of 17/1/22 (post period ending). Cost doing so $143k