Member Info for Scaffman

Thanks Spank

its easy to just read the RNS but sometimes not notice the video...

My reservations now are limited to Infrastructure and Uga. Gov. but this is ticking all other boxes ✔

So,any ideas on whats the "Main" factor that's put the SP up 40% with minimal pullback. Debt reduction-fear of Oil spikes re JPM - possible Int Rate drop, or a mixture of all? Doesn't look like anything else as there's no "leaky news" coming out.

https://oilprice.com/Energy/Oil-Prices/JP-Morgan-Oil-Could-Hit-130But-Were-Still-Calling-60.html

Ye, any knowledge of how have Tucano explained the transport logistics of distance from mine to port to their shareholders. ?

At last - Communication. They are Alive !!

good RNS.. They do not control the Timescales so they can't be held accountable for that. Issues with Port is a Design Engineering problem that can and should be overcome. Arch. Dig however is a totally diff ball game. I'm sure there will be some rare snail found or aretfact unearthed that will cause locals to be up in arms.

Annual Report.(issued 27th June last year)

Andrew Sucklings RNS1593U Statement will be handy for him to just Copy and Paste, as nothings changed.

Boy i.m.h.o. Nothing has changed from Dec 24 to June 25 as per articles. so just can kicking down the road till things hopefully settle.

also only 10 trading days left to June20th so Kenmare board prob can kicking as well until their picture is also clearer...

https://360mozambique.com/business/mining/kenmare-confirms-renewal-of-moma-licence-ahead-of-21-december-expiry/

https://blog.bti-project.org/2025/06/09/protests-in-mozambique-public-anger-mounts-following-contested-election/

Hoof FYI If manganese deliveries are late and ceo has taken a strategic decision to hold off deliveries due to prices achieved or some other reason then that's ok "depending" on the reason. As the ceo he's entitled to adjust strategy continuously as he sees fit. Don't like it? then sell up and find a new ceo that you're happy with. The ceo has not lost me any wealth and I am marginally up. If the Accounts are not delivered on time then I will have to question staying here myself.

Correcting there grammar !! 🤣🤣 "their" 🤡🤡

75t in a container?? what ?

are you talking about transport containers to take goods to port or actual 40' shippping containers?

27t in a 40' container fyi

Timing is everything and off take agreements could be a lot easier now

https://www.reuters.com/business/autos-transportation/auto-companies-face-shortages-due-chinas-rare-earth-restrictions-2025-06-05/

Regarding the IPO and CSE I have been looking into it for a while now and it could prove very interesting. The mining companies in Sri Lanka are a mix of Lanka which is Gov owned, A load of small Private companies, illegal mines and then a handful of mining companies operating out of the Aus stock exchange. (Several of these such as Ceylon Graphite ,Tit Sands have their hands full of issues) This leaves CMet (Redpath) pretty unique as a currently undervalued i.m.o. great investment choice on this exchange for any local SL wealth that wish to invest in mining stocks.perhaps Indian wealth also looks for value on the CSE?

Manganese ore prices have dropped and continue to drop as there's bit of a glut currently with too much output. Wouldn't be surprised if JB has taken a decision to hold back and just release smaller amounts for cashflow and stockpile instead.

Could we all as a group collectively sell down 10% just to shut this muppet up and see is he forthcoming with the dosh😁

Thanks Jim / MLQ for posts

How there is no representative from Dev/Cadence at this meeting is baffling.! The 2 Mining companies are the solution,not the problem here.

Costs of relocating houses borne by whom? The community cant have it both ways - In order to clear this railway mess up,develop their tourist train station, and help economy they need the mines Operational to fund it. My guess is they are making a Play to have this as a pre-condition to grant of Licence

p.s. For anyone un-familiar Icomi Magnesium mine is the same mine as Amapa iron ore and the rail line is the same(125km as crow flies to Santana) some of the many carriages abandoned are 1km south of Macapa Race track adjacent to Road 210 15km out from Macapa

Valuation is not that far off what the market is also attributing to others i.m.o. Every mining Co.and Shareholders feel their "special" project is currently undervalued.

Hard to know which is more annoying,

Ramper Bunsen Burner or Buk the Clown

Thanks Expateddie

220km v 500km from port makes a difference as well. With Tucano Gold progressing via funding they will also be keen to see what is happening with licence,and perhaps can apply subtle pressure on local politicians. Can their operation even work smoothly without rail connection.? A lot at stake for both companies and right now a good buying opportunity on a risk/reward basis.i.m.o.

Https://www.youtube.com/watch?v=ac38PO9gkqQ

Jon,Why not post it up then?🤷‍♂️

Https://www.mining-technology.com/news/brazil-iron-bahia-mineracao/?cf-view&cf-closed-

Can anyone give a comparison between this project and Amapa.(No bashing of bod on this separate post please-do in other posts) just genuine comments on scale,capital costs and a general side by side comparison of the two projects.etc..

Https://www.share-talk.com/greg-martr-the-executive-chairman-of-capital-metals-talks-to-zak-mir/