Member Info for Gallmat

The company realises profits when cases conclude which typically takes 27m.

60pct of cases mature in next 12m so bumper profits are on the way!.

Also the profits can be reinvested in 3rd party funds, with histoical roic, 1 pound invested turns into 3 pounds in circa 27months.

You need to look forward with this stock

If we get just confirmation of production profile I am happy. 300k first year, 600k second year?.

More info on plan for tio2 would be great.

But even 600k of DSO is 44m USD FCF!. Bargain given market cap of 24m usd.

But thx for clarification. Need to specify units and assumptions more specifically.

My basic point was even fe 62 at 100. Our basket price is similar to pea.

Second point even if you look at historically low prices. Fe at 60 usd with reasonable vanadium at 6/lb it still stacks up well and mkt cap could be multiple

We actually agree, i just was not explicit.
When using +15 vanadium, i was saying more than in pea. So 45 vs 31 (50pct higher).

We have some iron ore at 66pct, some at 63pct.
Again just some conservatism in using 10 as upper bound as i do not know mix of oxides, transitional material etc

Personally per ton thinking 100 for 62 fe iron ore.
-30 lower than pea

Add in
+15 for vanadium
+5-10 for higher grade 62/66

So ball park the same.

Personally i looked at project with iron 62 at 60usd and vanadium at 6. These are low values,
Project still is profitable, and current market cap is very undervalued even vs these prices

Very annoying, but hopefully the seller is finished before dfs rns.

For all we know the seller was long when this was circa 1-2p. Fair enough if they want to cash some out, seems a bit nuts but their choice

Article is worth a read:

"The Financial Reporting Council has issued a formal complaint against KPMG and several of its current and former employees for allegedly providing “false and misleading information” relating to its audits of the outsourcing firms Carillion and Regenersis"

We know they had one large case realise per rns.
Around 10m gbp profit i think.

On ongoing cases, This is just out. We are funding the 250m gbp claim on kpmg audit of Carillion. Regulator issued formal complaint

https://www.theguardian.com/business/2021/sep/01/uk-regulator-issues-complaint-to-kpmg-over-carillion-and-regenersis-audits

Where is this stated? Link pls

Thanks.

info@jangadamines.com is the only email i see on site

Can someone post the best email address to.contact company. I wanted to ask question on tio2

20k trade is mine. Just transfering from share account to isa account. Net flat impact on mkt.

Has anyone recieved responses to emails?. I sent an e mail and nothing came back

Fingers crossed this gives management something to think about. The district seems to be pro mining.

https://www.proactiveinvestors.co.uk/companies/news/955587/today-s-market-view---condor-gold-bushveld-minerals-antofagasta-and-more-955587.html

They give daily vanadium and ilmenite 46 pct prices.

Sp angel morning note was quoting 370ish

Best news we could ever get is an early negotiation to up tonnage on license.
It iron ore price really is a short term gift, be great if we could load up

Too short to really get context.

Should have said we had great result. Roic 4 times ( above 2.4)
We have another xm invested y yrs ago which should mature in arounf z to w years.

One thing highlighted is lumpy nature, and these could happen again over next 1 year as investments mature, so good to explain how to think about our profits as porfolio matures.

1. Dont look at 1 period in isolation, this deal could have be next period
2. Look at asset under mgmt. That is stock of cass. Up y%.
3. Our irr

Of course next big opportunity to chat in detail is next results at date j

L

Many thanks for the response.

I also keep my questions sensible. If only more people could value a CEO who is open!, not many are willing to do calls with investors and answer sensible questions.