Member Info for Para2022

That is all...

Perfect opportunity for people to load up/bring their averages down. Go and research the company, recent RNS, what we have already known in the ground. You're deramping because you obviously want a lower SP entry point for yourself. I don't think it will go much lower than this.

What makes you say that Vik? Do you have any links for us to go view?

If it goes to 1p then I'll load up even more! Getting my average down every wek!

6 posts since joining in Feb...think I'll ignore your wittering.

Joined a month ago...think I'll ignore your posts.

Probably best if Swerv sells up, I don't think this is good for his health. I'll gladly buy his shares from him.

I love it when this man turns up. It means the SP is going to go up!!

@VikR how can you be SO certain an open pit mining operation 'will most definitely happen here'?

Why do people bother engaging with TWK? Just filter it, done and dusted!

Do we think this could possibly make 10p?

1. Does BGold own Molly today?

Yes. The Molly Gold Project is currently owned by BGold Mineração Ltda, and Jangada has an option agreement to acquire it through staged payments in cash and shares.

2. Is Jangada paying for exploration and development?

Yes. Under the option agreement, Jangada is the operator and is funding exploration and development work during the option period. That part of the statement is broadly correct.

3. Does BGold keep all the profits while Jangada keeps all the liabilities?

No. This is where the statement becomes misleading.

Jangada's stated intention is to acquire the project, not simply fund it indefinitely for BGold. If the acquisition completes, the project would become a Jangada asset and Jangada shareholders would own the economic interest in the mine. BGold does not retain ownership and take all profits under the announced structure.

4. Does BGold contribute to future CAPEX?

At this stage there is no public evidence that BGold will fund future mine construction CAPEX. The current structure suggests Jangada would be responsible for advancing and funding the project. However, that is normal for a junior miner acquiring a project from a private owner.

5. What does BGold retain?

According to the announced terms, BGold retains a 2% Net Smelter Royalty (NSR). That means they would receive a small royalty from future production if the mine enters production. They do not retain "all the profits."

A more accurate criticism would be:

Why have we crashed to 0.85??

@ Progress101, why would any Tier 1's be interested now? Genuine question, I'm all in you see.

i was all in. what a load of ****.

Are you joking?

£130000?? It sold for??

Cool story LongDong, than ks for your input. You have a GREAT day! Maybe C U N ext Tuesday?

Forgive my newbyness, how do we know the 1.25 and 2.5m are buys and not sells?

I picture FR as a fat, grey haired, always sweaty no matter the temperature with a lisp when he talks and snorting when he laughs, sat in his living room in his greying y fronts with a weeks worth of eaten Iceland ready male containers scattered across his uncarpeted floor.