Member Info for Jungmana

You think this is crazy? Take a look at LND that has 600k oz of gold in Canada and is at GBP 9 million market cap

10 million sell printed , Tracarta out ?

8.9p current Zeus capital valuation report ;

"Mid-term scale opportunity. The larger prize in our opinion is the Monte Muambe REE project. A 2023 scoping study valued it at $283m (NPVa), with a 25% IRR and 2.5-year payback on an initial capex of $276.3m. Altona is applying for grant funding to support the PFS, with news on this expected early next year another potential near-term catalyst. Subject to funding and permitting, - Altona's timelines indicate that the PFS could be completed by the end of 2027, followed by a DFS in 2028, with construction potentially starting in 2030, and first Mixed Rare Earth Concentrate (MREC) production in 2031. Developing the fluorspar operation first is a sensible stepping stone, providing Altona with the opportunity to establish a mining footprint, demonstrate operational capacity and generate cash flow ahead of t

Already have a huge MRE that should be significantly increased with the enlarged drilling campaign just concluded.

Looking forward to the assays and new resource Estimate soon:

The multi-commodity Monte Muambe Project in northwest Mozambique is a highly prospective tenement hosting rare earths, fluorspar, and gallium mineralisation. Since acquiring the project in June 2021, Altona has drilled over 7,800 metres, delivering a maiden JORC Mineral Resource Estimate of 13.6Mt at 2.42% TREO, secured a 25-year mining licence (granted December 2024), and published a Competent Person Report and scoping study for the rare earths component of the project (October 2023). The Company is actively engaging with the US Government, through USTDA, as a possible strategic partner to advance the rare earths project through the prefeasibility stage.

1p loan interest conversion price.

2.5p conversion price for the loan principal amount

Rick. We owe the lender £500k and has the option to convert to shares at 2.5p. I think the lender will convert soon as is a major cornerstone investor in the Company

Today we paid the interest of 20k which is set at 1p conversation.

Good strong balance sheet

Good cash raised from the 1.5p warrants .

We still have by my calculations about 40 million warrants priced at 2p outstanding which when fully exercised should bring in £800k.

lots of news soon on the assays, mre and US funding which could see us at 10p+ this year imo.

You have to scroll further down to see the second notification.

They are down to 4%

Most have sold a lot more today with the volume traded.

I think should see further rise here tomorrow

The multi-commodity Monte Muambe Project in northwest Mozambique is a highly prospective tenement hosting rare earths, fluorspar, and gallium mineralisation. Since acquiring the project in June 2021, Altona has drilled over 7,800 metres, delivering a maiden JORC Mineral Resource Estimate of 13.6Mt at 2.42% TREO, secured a 25-year mining licence (granted December 2024), and published a Competent Person Report and scoping study for the rare earths component of the project (October 2023). The Company is actively engaging with the US Government, through USTDA, as a possible strategic partner to advance the rare earths project through the prefeasibility stage.

Outstanding debt totals £500k. See the debt repayment fundraise RNS OF 13TH OCTOBER ;

"The Company has agreed with Richard Jennings and CCL an extension to the remaining £500,000 of debt, on the following terms:

· extension to the maturity date until 30 October 2026;

· annualised interest rate of 12%;

· conversion right into Ordinary Shares at a price of 2.5 pence per share; and

· a one-off reprofiling fee of 10%, payable in shares at a price of 1.5 pence per share.

There is also an agreement for the debt holder who happens to be a large cornerstone investor in the Company to convert the remaining $500k into shares at 2.5p if they choose to.

I hope that helps Geordie

Goodie. For your information that debt was slashed to just $500k as most of it was converted into shares as part of the funding last summer

Company raised enough capital and has warrants at 2p.

News expected this half of 2026;

1, Assay results by end of Q1,

2 MRE

3 USTDA funding .

Zeus capital current valuation 8.9p

They ( Spreadex ) should be done today.

They had about 9 million left on Friday

Https://x.com/i/status/2018949289322463394

Current broker valuation of the company is 8.9p in a report published last week.

We traded about 20 million volume yesterday and some of that came from spreadex.

Won't take long to clear them

Spreadex looks like still selling but as were at 3% as of Tuesday should be cleared soon.

Extremely undervalued at GBP 4 million market cap.

Gone blue, 600% upside from current price to Zeus Capital valuation of 8.9p.

Extremely undervalued right now