Member Info for Tex2374

with an £8m mcap estimates do not need to be that high for a material rerate from here. £1 is a mcap of under £40m...

If the JV is signed (which it seems it ill be) then the route to mine production is set and the mcap will rerate accordingly. Even if the market makes a huge hedge on the production potential the current mcap is laughable.

Clearly the market is waiting till the deal is done hence the current mcap, that is the risk/reward of investing now, versus wafting till the deal is done and the project is de-risked (to a large degree).

It's the calm before the (positive) storm...... more to come in July I am hoping.

Nice to see some more PR coming out.

- final details of the agreement being finalized
- Then an EGM
- Then signature of the agreement
- 'considerable effect on market capitalization'.....

Next RNS should be EGM notification......

Happy days....

Agreed, they will have done their due diligence and as highlighted below this is not a virgin area for mining.

I’m happy to put this in the bottom draw and see where we are towards the end of the year.

I am setting myself an expectation that we are still a couple of months away from final contract signature. If it comes before then, happy days.

£1 sp is still only about £40m mcap, so if the next stage of the plan is executed against (this is the risk) there is a material rerate potential.

I couldn’t get the link to work Positvvibes, but the numbers look compelling and I like the fact that the JV is ‘too big to fail’ for both parties. Hopefully, we progress to contract signature over the coming weeks. Based on the risk and reward, I’ve built a position now. Even if the SP drifts between now and JV conclusion, the rerate on signature will be material with a <£9m Mcap! ;-)
Tex

Seems an interesting play if CGNR can finalise the JV legal T&Cs and overall agreement. Base commercials seem to be defined and now DD drilling is successfully completed.

Sounded from the interview that a lot of the work is done already.

Mcap seems very low, so material upside once the JV is concluded. Even at conservative resource estimates this seems a good risk and reward play.

I guess the only question the market is asking itself is , will the Dr get the deal done this time? .

Tough week for holders, but if shares are moving from the weak to those who have patience and understand the medium/long term value in this play, then that’s a good thing!

Welcome Browns99! Great time to be coming on board with an exciting 6-9 months ahead!

Tex

MFM , exactly and those two magnetic targets account for less than 20% in terms of overall size.... the term tip of the iceberg springs to mind!

http://www.jangadamines.com/media/1373/jan-q1-2021-presentation-19022021-final-1.pdf

see slide 8

....and I think that is worse case SM... I think we will see a reduction in CAPEX costs in the extended PEA/PFS, as Brian alluded to in the interview..

My pragmatic view is that ‘if’ there is a raise then it will be a last option and BoD will have minimised the dilution.

In the latest interview Brian highlights the CAPEX requirement potentially being as little as $7m with $4-5m in the bank following the ValOre share disposal, he also says that he wants to avoid dilution as much as he can as he and Luis are the two biggest holders. (Great to have a BoD who have the same #1 priority as the investors - making money!!)

Given the positive PEA and the even more positive Q3 extended PEA/PFS the ability to raise the remaining few million of CAPEX without dilution should be possible. However, ‘if’ there was to be a raise it is going to be relatively small and if it means production is locked in for early 2022, then it would have a positive not negative SP effect.

But for the record, my view is that CAPEX will be acquired through a route that avoids dilution. The economics of Pitombeiras support raising cash via loan, off take etc.

This is really great to see. Another piece of the puzzle falling into place!

Fingers crossed for a positive week ahead.

‘Buys’

I hope all these guys are going into sticky hands with a 6 month minimum investment horizon! (Just saying).

Posted by Swizz on Twitter

https://www.afr.com/policy/economy/iron-ore-sales-hit-record-as-china-exports-lift-20pc-20210623-p583ja

From the Main JAN website

The project is situated approximately 300km south-west of the port city of Fortaleza and is accessed by paved federal highways with three possible routes to market identified and assessed: two to Main Chinese Ports

Time to make hay while the sun’s shinning!
GLA
Tex

If I have one slight negative (and I’m splitting hairs here), I wish it had been released on Monday with 5 days of market action ahead of it, rather than on a lazy Friday when generally not much happens.

Morning Gallmat! Doesn’t matter if you have 1 share or 1m shares, you need to be in it to win it!

I think this share should provide some fantastic short term (6mth) upside and major mid to longterm returns.

I will now curb my enthusiasm ! :-)

I agree BF, but I think that is further down the road.

Brian has now made his short term imperatives clear. Positive cash flow ASAP from a small operation with a financing model that seeks to mitigate shareholder dilution.

Cash is king and immediate positive cash flow will open up multiple directions for further expansion and development of Pitombeiras.

I still class this as under the radar but I think the PEA/PFS will be change that. £20m mcap is ludicrous!

I am well thank you OB. Hope you are too.
Exciting times ahead for our merry band of Jangadians!

I challenge anyone to listen to that interview and not get excited!!!

Wow!!

Well said MFM.