Member Info for JonnyCache

It's going to be an interesting week for sure. I haven't the skill of timing to say trade properly but the story here is strong and that matters. If the telegram crew and others start jumping in next week we will have quite a ride. Good luck all - especially long suffering LTH

Anyone who buys and sells shares on the basis of ramping on a forum should sit back and have a very long think about the stress and financial loss they are about to experience.

It's characters like you who make LSE worth reading.

I agree something interesting is happening with the price. I've seen this sort of thing before with forward selling of a placement but that doesn't make sense with a conditional placement.

What do you think it is?

There is so very enjoyable ramping going on here.

Thankfully it's really is that exciting a project!

Not much changed since yesterday except lender making a margin selling us shares at a discount to yesterday. Took another 100k

I remember being invested here years ago when meat was the big thing and it was ok but lets be honest not that sexy.

What person in the world would not want a T-Rex reconstructed piece of ethical leather if they had the money.

It's just a great idea and really saleable.

That's me back in to see where this goes.

From the 28th May RNS

The Company will provide further updates as mobilisation and execution activities progress.

Perfectly reasonable to expect that once those photos and updates start to come through we will test 8p again.

Things seem to have settled down a bit.

Lets see if 6p is the new support and if Kiran really starts going to town with weekly updates on how things are going.

As Bannor mentioned earlier truthful updates are ok - as are delays. Where things are concerning is when we make statements that have little chance of actually being factual.

End June commissioning was never happening, especially if we didn't have the funds in the bank.

The good thing is now we do. Onwards and upwards.

On careful reading of the RNS we are taking about commissioning activities in 60-90 days. This not the same as commissioning.

We might be looking at 60-90 days + commissioning preparation + commissioning

None of this is the end of the world but there's a bit of careful language being used rather than clear information.

Maybe Kiran will catch us all of guard with a big deal or agreed sale. I'll be happy with the upside from that even though my position is a lot smaller.

With near term commissioning the price was likely to hold until end of June but confidence in the ability to meet deadlines will be hurt here.

Theres too many people who have seen large gains since 1.5p less than a year ago/3p six months ago. I reckon this will drift to 4-5p by July.

I've protected my capital by taking out 2/3. I'm not anywhere near as concerned about missing some upside as I am about protecting my capital.

This is interesting from page 9 of the May 24th-25th edition. Mina de Ferro do Amapá (MFA) is us.

Notice the state commitment to getting the port and railway up and running.

“Amapá Advances Sustainable Mining with Legal Security and Environmental Responsibility”

The new sustainable mining development model in the state of Amapá has been highlighted by the company Mina de Ferro do Amapá (MFA) and by the state government as an example of balancing economic growth with environmental preservation.

The Government of Amapá, through the State Secretariat for the Environment (SEMA), issued the Operating License (LO) for the company’s iron ore beneficiation plant located in Pedra Branca do Amapari and Serra do Navio. The measure allows the resumption of mining activities in the region with legal certainty and environmental responsibility.

The environmental license granted by SEMA came after years of studies, technical analyses, and legal procedures. According to the agency, the process complied with all current environmental requirements and included commitments to environmental compensation, degraded-area recovery, and social responsibility actions.

The project foresees the reactivation of important mining infrastructure in the state, including railways and port facilities, with the expectation of generating jobs, income, and strengthening the local economy.

“The resumption of mining operations represents an important milestone for Amapá. We are guaranteeing that economic development happens responsibly and sustainably,” stated representatives of the state government.

According to SEMA, the company must comply with strict environmental monitoring programs, including water quality control, vegetation recovery, waste management, and social monitoring in communities affected by the project.

The Secretary of the Environment emphasized that the operation will continue to be monitored closely by environmental authorities to ensure compliance with all licensing conditions.

Governor Clécio Luís stated that the authorization demonstrates the state’s commitment to attracting investment while maintaining environmental responsibility.

“Today we are delivering legal certainty to an enterprise that had been stalled for many years. Mining, when done correctly, can generate sustainable development and improve the quality of life for the population,” the governor said.

The MFA project is considered one of the main initiatives for economic recovery in the mining sector in Amapá, with expectations of attracting new investment and strengthening the industrial chain linked to mineral production in the state.

I would say there are one or two stop losses getting caught out by the drop below 7.5. No-one ever said small cap investing was easy on your nerves. It's all noise until the next few RNS come out. Probably some wise people taking profits too Even saying that, the volume isn't huge.

I think they Kiran and the company have achieved a lot with the progress made on Apama. They've taken a legacy company with a variety of obstacles and issues and transformed it into a bargain production ready buyout for someone with cash to invest.

All at a time when iron futures and Brazilian trade agreements with India point to a growing need for iron at the high grade Amapá can produce.

Serious opportunities for serious big business.

Looks like another good day.

Possibly hunting stop losses at 7 and 7.5? I have a limit buy at 7.5 but not llconvinced it will be filled. All good.

Yesterday might have just been a taster :-)

Looking strong

Was holding back some cash for a drop but now fully deployed here. Time to sit back and wait for news of buyout/commissioning/production within months

Why do you think these point to a buyout?

Yep exactly the same