Bf, agreed, it was very notable today what little stock was on offer, pretty much from the off today, whilst the debate continues in regards to the origins of the director buys, what cannot be ignored is the knock on effect and that a significant line of shares is now further secured, it could be an interesting couple of weeks, as we approach what should be a period of significant news flow,...GL S
Good to note a significant amount of the media outlets have picked up on the directors buying.....
(Alliance News) - Jangada Mines PLC on Wednesday said its chair and a non-executive director bought shares in the company due to their view of the quality of the company's 100%-owned Pitombeiras vanadium project in Brazil.
Non-Executive Director Luis Azevedo bought 6.0 million shares at a price of 1.3 pence each on Tuesday, totalling GBP78,000. Executive Chair Brian McMaster bought the same amount at the same price, also on Tuesday.
"The purchases are reflective of the two directors' views as to the quality of the company's 100%-owned Pitombeiras vanadium project in Brazil, where recent metallurgical rests demonstrated that the magnetite hosted vanadium mineralisation responded very well to magnetic separation, and its 26% shareholding in TSXV-listed ValOre Metals Corp," Jangada explained.
Shares in Jangada closed up 8.6% at 1.575 pence in London on Wednesday.
By Lucy Heming; firstname.lastname@example.org
AL, setting aside the debate regarding the origins of the shares, today’s news has certainly added a new dimension to the the near term prospects, with meaningful news expected both sides of the Atlantic, a £156k line of equity now locked away in secure hands is not to be dismissed under any circumstances, regardless of the origins,........GL S
Btw - Someone did message me earlier this evening and suggested one of the Woodford connected funds may have been the source?.......one to ponder.
As a point of reference on ValOre, it is worth noting that Canaccord facilitate a significant amount of the insider buying and they are very active in the market today buying ValOre shares and one to keep an eye on,.....GL S
Ob, all good thank you and I hope all is well your end, share price predictions are not my thing really,...lol, I take a much longer view and focus on the asset value and the potential of that value to be increased and also to be realised, in recent months the Jangada board have taken significant steps forward, the PB deal is now worth circa £8m in value of cash and shares, with very real potential to advance both near and medium term, plus we now have sizeable exposure to the Uranium sector through Angilak and you would at some stage expect the share price will recognise and reflect all of that , especially taking into account the current Jan market cap of £3m and that’s before any material developments with PW, so I would suggest the potential is to be significantly higher than where we are now,........GL S
Bf21, I think it is very unlikely at this stage and it was interesting to note in the most recent update, the board made it very clear that they are fully funded, it is fair to say in the past, that the funding question was a significant weight and drag around Jangada and a number of wrong turns were taken, I think this has played a significant part in what appears to be a new strategy developed by the board, whereby the focus is ensuring the assets can appreciate in significant value to Jangada shareholders and still be progressed without the need for dilution and with this in mind, I would also also hope that a partnership approach, something similar to the agreement with ValOre/Discovery is the logical step to take with PW, we may have just inadvertently established a far more sensible way to progress asset potential and value, without the need to follow the typical aim format,,...GL S
Al, apologies if this is just replaying what you already know, but the CPR was completed a couple of weeks ago and the RNS on the 30th September provided some of the key headlines and also confirmed that PW has the potential to become a high grade world class vanadium/titanium asset, it is my understanding that the board are at present completing their evaluation of the CPR report and are working on a development and exploration plan to take the asset to the next stage, this I believe will be updated to shareholders in the very near future and I would also expect around that time, the CPR will be available on the companies web site,....GL S
f29, I am sure that the Discovery Group will be, but if not, I would sense he may well do so very soon, if my reading of the ValOre phase one itinerary for PB is correct (filed on Sedar), that was a circa 70 day time frame to complete the majority of P1 works, which would take us to the second half of October, in the recent interview with JP he suggested an update would be good timing for the New Orleans investment conference, which Nov 1st to 4th, plus Jangada have indicated a more detailed programme for PW, will be released late October, so a lot of near term news flow is due to raise the profile of both projects,....GL S
DS, agreed, albeit the structure of the deal that BM has put together with ValOre, has ensured a significant interest in the PB project going forward, along with securing a relationship with a team that have access to significant funding to progress, along with the exposure to other significant assets held by ValOre, I hope in the fullness of time, this will be acknowledged by more people and perhaps also those who have doubted the wisdom of this pathway, exploration, discovery and verification, would appear to be the best route for juniors for the foreseeable and BM appears to have got this spot on, albeit the share price is yet demonstrate that, but the asset values certainly do so!,.....GL S
Bf, I am just navigating through the final stages of a SIPP transfer, so save some for me, as I will be joining you later this month, slightly off topic, but I thought the below was a fascinating insight into the junior sector from Mike Beck and whilst not directly related, I think the cross over with ValOre and Jangada is certainly not lost on me, taking into account the value disconnect, funding support and the energy transition element focus, ....GL S
The Palladium sector continues to receive increased focus and all eyes appear to be on $2,000.00 now,....GL S
“Over the next 12-18 months we are probably going to see $2,000 in range,”