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PerhapsJangada tried to point out that the Pedra Mine was huge but the potential would require more funding. They indicated the UK market was attractive to Valadium Mining which in essence is true. Bushweld Mining has had as 48% increase since last year reaching a peak of 148 Percent last December while the UK Government has provided incentives to use more vanadium in the UK industry as well as giving out grants.
Brandon Hill compared vanadium asset to largo.
Outside of North America, Largo Resources (OTCQX:LGORF) (TSX:LGO) is already producing at record levels. Production at its Maracás Menchen Mine in Brazil has been consistently rising, as Largo continues to focus its efforts completely on the production of vanadium flake, high-purity vanadium flake, and high-purity vanadium powder. In 2018, the mine's CAD$521.4 million in revenue was a record breaker, putting forth an impressive 211% year over year increase.
Im not a fan of brexit but brexit would lead a surge in the uk stock market for any companies conducting in foriegn exchange. The usd was 1.31 on may 5 and now 1.26 so canadians will pay more gbp if its fixed in their currency or usd.
Vanadium is actually less complicated to work because they form flakes. Its probably jangadas best interest to work on a project which has more potential with lower capex. Another thing people have forgotten is the exchange rate crash on the dollar which make the company more profitable if they are conducting transactions in usd. The longer the uk stays in the brexit saga the longer the pound will keep falling and mske the usd dollar more attractive. Right now its 1.261 and was only 1.28 a few days ago...
Henceforth thats why it says AIM 15 companies need to make an acquisition to avoid being defined as a cash shell in which case it already seeks to work on its next project at Ptombeiras West..
AIM Rule 15 Defines a cash shell company that disposes all its assets. It still has Ptombeiras West vanadium project so it is not a cash shell.
One rns to explain whats going on will have a huge positive impact.
www.brandonhillcapital.com/media/77823/jangada_flashnote2019_03_11.pdf
Brandon Capital issues a flashnote back in March to compare the validity of the vanadium deposits with a similar field. They claimed Largo which is $650m MC had a similar grade of deposits. The flashnote DID NOT indicate the size of the field which explains why it used the standard 6.4m mc at that time.
Link is here: www.brandonhillcapital. com/media/77823/jangada_flashnote2019_03_11.pdf
Vanadium Deposits
BHC has reviewed a number of vanadium operations, both in production and prospective. The V2O5 grades at these
operations are:
Company Mkt Cap (£M) Resource (Mt) Grade (%) Country
Jangada (AIM) 6.4 na 0.83 Brazil
Bushveld (LSE) 411.3 285 0.68 South Africa
Largo (TSX) 630.7 19.01 1.15 Brazil
Australian Vanadium (ASX) 21.1 183.6 0.76 Australia
Golden Deeps (ASX) 3.0 2.8 0.66 Namibia
Tando Resources (ASX) 10.4 588 0.78 South Africa
Technology Metals Australia (ASX) 10.6 16.7 0.96 Australia
First Vanadium Corp (TSX) 15.9 28 0.515 USA
The above table refers to reserves where possible and resources where no reserve grades are available.
The vanadium grade refers to the grade
of the vanadium pentoxide in the resource and NOT the vanadium pentoxide grade of the magnetite concentrate.
Perhaps the best comparison is with Largo Resources, also located in Brazil.
The company operates the Maracás Menchen
Mine in the province of Bahia.
The mine commenced commercial production of vanadium flake in Q3 2014 and has a
contracted take-or-pay off-take agreement with Glencore International Plc. for 100% of its vanadium material which expires
in Q2 2020.
The mine is projected to produce between 10,000 and 11,000 tonnes of vanadium pentoxide in 2019 which is
inclusive of high-purity flake and powder.
The Company announced in April 2018 plans to expand production capacity by
25% at the mine with construction which began in June 2018.
The enhanced production rate at the Maracás Menchen Mine
is expected to result in an additional 200 tonnes of V2O5 being produced per month totalling 1,000 tonnes per month
beginning Q3 2019.
Well if valore cant pay up the deal wont go thrpugh and jangada will have a lot of explaining to do. They will beneift from a 50000 usd payment and who knows, valore may have brought in jangada expecting this to happen.
Looks like selling has slowed down. The fib stochastics technical indicate a rise on a 1.20p rise. At the moment its 1.13
Would anyone happen to know the size of the Ptombeiras project. It would be nice to know why jangada didnt gice this up rather thsn just speculation that it is a valuable asset. Does it have any exploration licences yet? Ive noted HMI has gone up again today too.
Ive sold my shares but it will likely bounce back when the next rns is out. I doubt this will go below 1p as all those who wanted to sell have sold out. Im lookijg to buy back if the price is stable to 2 or 3 days or when the rns comes out next which should explain jangadas next project and why they sold at a stupid price. IF rns doesnt explain its reasons then i wont buy back in.
Site is discoverygroup. ca/ index.html
It seems valore is part of a group of other mining companies which jointly work together to fund mines and development in Canada.
http://www.discoverygroup.ca/index.html
Its a no brainer. MC is 2.71m. Valore shareholders need to dilute their shares once again. I dont think the deal with even go through.
There is too much scaremongering going on here. Rns states assumptions that have to be met and there is the chance may nit even go through. Jan eveb said if it doesnt go through in a 100 days they would give a refund of 200000 instead of 250000. Valore doesnt seem to even have much money to back it up or from the shareholders. Has anyone even looked at how large the other site is? Perhaps they are interested in the iron ore? Besides company is now undervalued eith so much possibke cash and an extra mine to work with.