Member Info for swizz

JTF, It is clearly the nominal value that is quoted and no clarity is needed on that point, are you seriously suggesting, that a supplier who has requested payment in equity, justifies one of your previous and ridiculous predictions?, you are indeed a first class comedian and you really should consider stand up,....GL S.

gc, I dont agree, but as you say, it is clearly a mundane point, on second reading of the RNS, I would also suggest the equity has been requested,.....GL S

gc, I am not sure I get the own goal reference, perhaps the company in question requested equity?, it at least keeps the bank balance untouched and for all we know it could have been issued at a premium, rather than at present par value and I would also suggest, I prefer a board of directors who are not drawn into spoofy actions for the sake of it, plus is 1.5m shares really that big an issue, as it is only a matter of a couple of months ago that Silverstream bought a 1% smelting royalty for circa $500k and that made no difference to the markets value perception, ....GL S

It just feels like people kicking, for the sake of kicking.

Spot on both, I think another example of a recent own goal, was the piece that TMS did, when they fundamentally failed to set out the current finance capacity that Jangada have at their disposal and I do believe, that had a number of PI’s closer to the story, not requested a correction, that article would have been left as was and you can probably trace the more recent easing in share price, to the publication of that article, but on the plus side, it has provided a great opportunity to enter/build a position, exactly at the time when the main catalysts are about to be released,......GL S.

Lol, Cheers DC and as you have probably guessed BG, I am just a humble Pi putting a few more hours in, I do think DC has a point though, As I do wonder at times if a more investor centric approach from the Jangada board, would have got the message across in a clearer and more robust way, when I met HM at the UK Invest show, he was incredibly knowledgeable and also very engaging and I do believe more exposure would be of benefit to raise the Jangada brand and asset awareness, perhaps when the BFS is complete in the weeks ahead, we will see more of this, as ultimately the key attributes for the progression of the asset is the teams industry knowledge and capability, which in my opinion is exceptional at Jangada,......GL S Perhaps St Brides, DB and TMS need to look in the mirror and ask themselves the question, are we delivering exceptional service to Jangada and their shareholders?

gc, you do raise some valid points, but I would also suggest that with some of what you list, there can be a logical counter argument to challenge,....GL S.

1) 5p gate - Spot on and I would suggest BM does concede this point and has also provided some substantive reasoning.

2) Project funding - I just don’t get the anxiety point, a project/asset of this type clearly needs a number of options and what BM and the team have demonstrated on numerous occasions, is that they have the relevant connections to progress assets into production, you can see a very real and recent example of that with Avanco, which was a combination of debt, royalty stream and equity, which then subsequently went on to be sold to Oz for circa $400m and the comparisons to Jangada should not be overlooked in my opinion.

3) Quality of asset - Again I don’t see this as a question, or indeed in any doubt, the PEA in 2018, with the BFS in 2019 should firmly address any questions around the quality or viability of the asset/assets, what has been released to the market to date, is overwhelming in underlining the project economics and how robust they are.

4) Why did AA sell, I think the explanation that BM has provided in regards to being in the right place at the right time, does stack up, there are numerous cases of the majors disposing of assets that are not considered tier 1, over a number of years and certainly when the sector experiences down turns, quite often they will be moved of the balance sheet at knock down prices, I would also suggest that AA probably underestimated the global scale of carbon neutral policies and also the uptake of electrification in place of ICE and also in support of EV and ES to compliment renewables.

5) Palladium pricing, I think to date they have taken a conservative approach to element pricing that they have utilised in the economic models, Palladium is currently 40% higher than what was utilised in the PEA, I would also suggest that the disconnect from supply and demand of carbon neutral elements, has been woefully inaccurate to date and I would suggest is still significantly underestimated.

6) SP Angel - Again I struggle to see this point, surely any recovery rate has to be based upon project and asset specifics and can’t be generalised, it is also notable in the last circa 5 years, that recovery technology has made great strides and I would expect Jangada will follow a dry separation process, which in itself squares away any wet tailings, but is also considered the most effective in regards to element recovery.

W7, agreed and it really does beggar belief that the potential is so overlooked, taking into account the PGM and Nickel at Pedra Branca, along with the Vanadium and Titanium at Ptombeiras West,,...GL S

Good to note the BCH team taking a personal interest,.....GL S

It is a point of note, as part of my research, is the significant number of licence areas that Jangada have. Which currently are completely untouched in regards to modern research modelling and similar to the Vanadium potential being explored at Ptombeiras West, it wouldn’t be a huge surprise to find another exciting prospect sits within Jangada’s territory, is it is basically a geological dream zone,....GL S.

“As a result of its complex political and social history, allied to geographical challenges, Brazil is largely un-explored by global standards. Less than 20% of its area is geologically mapped in real detail (better than 1:250k scale) and as such many discoveries of large footprint bulk commodities, like the metals Hill mentions, have been recently found very close to infrastructure - Horizonte Minerals’ Araguaia Nickel Laterite Project is a good example of this. “This also highlights the potential to find major new deposits of the commodities that generally have smaller footprints such as gold, platinum and palladium” adds Hill. Advances in remote sensing and airborne geophysics will allow serious explorers to fast track target generation and start placing geologists in the field. Hence the timeline to discovery may well improve on the back of a more agile ANM.“

“Hill also highlights significant outsourcing of professional level skills as a means of reducing costs amid a returning sense of optimism in Brazil driven by a potential copper boom in the north and, since the election, renewed interest from foreign companies looking for exploration and investment opportunities. The revolution in skillsets needed by the sector will be driven by the majors betting on demand from the electric vehicle (EV) industry for battery metals to drive its fortunes. “The current flavour of the month is copper,” says Hill. “But I see nickel, cobalt, graphite, lithium, vanadium, manganese, tin and REE´s as all being coveted by the technology sector in general.”

An interesting insight into all things mining in Brazil and the current wave of optimism that is sweeping through the sector, by Jon Hill the CEO from Jaguar, who are also Pedra Branca focussed, in close proximity to Jangada,....GL S

“All of which leaves Hill positive about the sector’s future in Brazil. “I believe momentum is increasing in exploration on the back of a new government voted in for change and the rising gold price. The industry has had many false starts but is now better positioned, so if the National Mining Agency can demonstrate it is serious about attracting investment, as seen at the last edition of PDAC, then I am quietly confident. The sector needs to be balanced - more junior´s and mid-tiers are required to actively funnel sustainable quality projects through the value chain.If the increasing quantity of expressions of interest in exploration and mining in Brazil being received at my company Exploration Outcomes are any indication of where the sector is heading in 2019, then I am very optimistic looking forward.”

https://www.miningglobal.com/mining-sites/jaguar-mining-mining-world-digs-thriller-brasilia

Lol,...GL S

Good points both and agreed w50, this is in all probability is more aligned to taking an investment approach over the longer term and being in position to add at this level, in light of the companies progress, should keep the R&R in balance,....GL S

ag, an interesting view and probably a lot of substance in your thoughts, on the subject of LTH’s, as this board does appear to lack input from those that started the story back in June 2017, it would be interesting to hear their views?

The company did appear to be well supported at IPO and despite there being a long journey ahead, there was a lot of interest at that time with a £10m mkt cap and knowing what we now know, in regards to how the asset potential has progressed in size and stature, along with the Vanadium and Rhodium potential becoming more apparent, it is puzzling to see us languishing at the lows of a £5m mkt cap, even though we are now what must only be a matter of weeks before the BFS is finalised and the company move the multi parts of project into the next phases,

I seem to recall that BM used the phrase in one of his interviews, that it “bewildered him”, I would confess it does me, but I do sense some are quietly building their positions in the background and it will be interesting to note the market reaction to the next phase of news flow,....GL S.

First day and let the journey begin,...GL S

Oz very active on the ground, which further underlines how much focus is on the region and it’s mineral potential, one to keep an eye on in my opinion, taking into account the various connections with the Jangada team,...GL S

Pedra Branca

“DFS works continued inclusive of Mineral Resource updates and mining studies. Resource delineation drilling was completed at Pedra Branca East with four drill rigs successfully completing ~9,000m, aimed at increasing tonnages of higher confidence mineralisation in the upper zone of the ore body, aligned with the PFS study recommendations.”

“Preliminary mine optimisation studies aimed at identifying the best value proposition in terms of mine scale and design progressed. Improvements in ramp design (reduced development), lateral develop size (reduced size, reducing cost and dilution) and a preference for longitudinal stoping (reduced backfill) are to be adopted.”

“Work in Q2 will focus on completing the Mineral Resource update and underground mine plan optimisation ‘Hill of Value’ study (optimal mine cut off and mine scale).“

https://www.ozminerals.com/uploads/media/190412_ASX_Release_-_OZL_Q1_2019_Report.pdf

gc, there is a complete disconnect with the Aim market and the appreciation of asset potential, which in some ways is frustrating, but in others if you take a counter-intuitive view, can potentially be very rewarding, you only have to look at the news flow elsewhere in the last 48 hours, to recognise what is taking place in Brazil within the resources sector, to recognise how well placed Jangada are, Lundin have just secured a major Cu asset for circa $1b US, Oz Minerals have rigs on the ground in Pedra Branca and are aligning their management and investment strategy with a South American bias, those who are familiar with Avanco, should certainly spend some time looking at that dynamic and don’t be overly surprised to see the network connections with Jangada, with BFS now measured in days and weeks, I would suggest the potential is very much here,....GL S.

Silverstream and Consulmet probably gave the biggest clue in recent months, as to where this is heading and what the potential is of Pedra Branca, Both will have understandably undertaken a significant amount of due diligence and are considerably closer to the inside track, that said, with time and a little effort it is not too difficult to join the dots,...GL S

The interview with BM in January pretty much underlined most of what they have had access to and what is in circulation via BHC and other media.

Lol....gc, or perhaps third time lucky!....GL S

Jangada Mines Event

“Jangada Mines plc (“Jangada”) has announced that it has completed the hydrology study, and successfully demonstrated that there are readily accessible sources of water proximate to the Project at minimal potential risk to operations.”

Comment

“This is good news for Jangada. The study focused on the water sources for the operation and evaluated potential ground and surface sources. The Project is located within the Banabuiu drainage basin, hosting 18 registered dams. Two major dams are located within a 32km radius of the Project centre and have been identified as potential water sources for the operation and a third large capacity dam is located further afield from the Project. Additionally, groundwater is sufficient to meet ancillary and administrative needs for the Project. Furthermore, groundwater flows within the confines of the production pits are anticipated to be very low and pose very low risk to the safety and operational integrity of the Project. The final water requirement for the Project will be based on the finalisation of the plant design, which will inform the Company’s water acquisition strategy.”

“The two remaining parts of the Bankable Feasibility Study (BFS) are the metallurgical test work verification and the legal, environmental and social factors, with the report expected to be completed towards the end of the current quarter of 2019.”

“These last two parts of the BFS are particularly important. BHC is expecting the metallurgical test work to show significant upside to the project and the legal, environmental and social factors are extremely important. Without a positive social charter, projects are very difficult to progress.“