Member Info for Tex2374

Things are shaping up nicely for the Q1 PEA!

Brian McMaster, Executive Chairman of Jangada, said: "Drilling results at the Project continue to deliver positive evidence of the quality of our Pitombeiras Vanadium deposit and again we have seen Pitombeiras North's orebody footprint extended further north from the existent resource area. This adds to our conviction that Pitombeiras North holds a larger resource to support a robust Preliminary Economic Assessment. VTM mineralisation continues to be opened along strike and will be further drill tested in the current drilling programme. Concomitant to the drilling activities, we are also progressing with all other key aspects of the upcoming Preliminary Economic Assessment, including additional metallurgical tests, logistics and marketing studies, all of which are fully funded to completion."

Extrader, I am being completely honest when I say this, and maybe I am just the stupid one on the board, so humour me, but I really struggle to follow the majority of your posts and understand the point you are trying to make.

I need them in layman’s terms please with the arguments laid out in a clear form. I would love to join in the debate if I could understand the arguments!!

I will have another go later with a glass of red!

Tex

Unfortunately the questions he will address will only regurgitate the info already released in the RNS, no big news will be released in the Q&A we need an RNS for that.

I hope we get one this week and I still think the timing of this suspension may be orchestrated to coincide with the release of the ‘awaited’ RNS. I am not one for conspiracy theories usually but I will make an exception in this case.

Let’s see if we get a big RNS before the lifting of the trading suspension.

Tex

Haha Marlen, that made me chuckle. I think the answer to this one is simple (and already stated), they provide a platform that is compliant (, which is the important piece as it enables the local GTM.

They do not need to be compliant as a company to do this and onboard local customers.

Or have I missed the point?
Tex

Yeah, I agree DS, it’s just a matter of time ;-)

Hey Poor, welcome to the BB.

MCAP is still incredibly low so this derisks things to a large extent. But off the top of my heads, risks/bad potential news.....

- Insanely small free float so this share subject to big volatility. There are a small number of PIs here but many have a few million share holdings, so distressed sellers could have a material impact on share price if it’s done at the wrong time.
- building a position can be tricky because of the above. Buy on the dips if you can, as many posted last week there were a lot of days of NT.
- Potential delays due to C-19?. We need all the drill results from the extended program before we get the PEA. If they are slow we could see a Q2 PEA, but at the moment no indication of this. I guess that may be a very short term risk.
- The company doesn’t like PR, which can get frustrating. I think now they need to start telling the story. There are a few on Twitter trying to do it for them. We are still below the radar but word is starting to spread.
- we are fully funded to the PEA, then will need to look at next stage financing or (more likely) a Partner as we move to fast track concentrate production. (Not a risk or bad news but just calling it out. If it’s a Partner then it’s actually a huge positive)
- I guess you could say bad news would be a bad PEA, but I really can’t see this and even if you take a massive hedge on the numbers DCAT has produced the project is still more than viable.

As you can see, I’m struggling to find much bad news.

One word of caution, this one is really for sticky hands. I think we should see good gains in 2021 but best to think about this as a multi year hold. This won’t multibag over night (well that’s my expectation but happy to be proven wrong).

Long term could be massive, there have been debates over divis as a way to return cash to the BoD who own the majority of the company. I try not to think about this (apart from on a Friday night with a G&T) as the numbers are crazily positive.

There is always a level of risk in any AIM company so obviously DYOR but after 2 years being invested, things are looking pretty good.

The release of the PEA in Q1 should be transformational we all hope.

Things to read.
- good investor presentation on the website
- Christmas RNS update
- early 2020 Q&A RNS

I have posted quite a bit on Twitter just look at #JAN.

DCAT & Swizz are the guys with all the in-depth sector knowledge so look at their history here..... I am just the cheerleader :-)

Fingers crossed for a good 2021 here.
Tex

Decent summary of TiO2 market drivers and use. Bodes well for the Pitombeiras world class grade titanium!

Apparently they are also successfully just used TiO2
For green hydrogen production as well. That could be big for the future.

Links below, have a good Sunday. Looks like snow today.

https://www.businesswire.com/news/home/20190513005296/en/Global-Titanium-Dioxide-TiO2-Market-2019-2023-Emergence-of-Titanium-Dioxide-Nanoparticles-to-Boost-Demand-Technavio

https://compoundsemiconductor.net/article/112606/Scientists_re-engineer_TiO2_to_make_green_hydrogen

The future looks bright..... Viewpoint: V demand to be driven by alternative sources

https://www.argusmedia.com/en/news/2175203-viewpoint-v-demand-to-be-driven-by-alternative-sources

Hey Wolf, smallest company I have done it in was around $500m, but I can’t say it is standard practice for mid cap. However, I would assume they would check out the viability and take advice prior to signing.

As for my Saturday night welsh whisky conspiracy theory, I guess there is no way of knowing but let’s hope there is a decent RNS next week in suspension just, to make it an exciting release from suspension.

Tex

Depends on what you define as ‘sense of humour’JR , clearly ours are different.

That was directed at JR just to be very clear.

First time I have ever reported anyone, but this post is just unacceptable, as was the original..

Wolf, so you think they either found out late or were given a nudge? Hmmmm I was loving my conspiracy theory up to that point...

What do you think of ‘technical breach’ over ‘breach? Just a minor one versus major?

Tex

Wolf, I could be wrong, but I would assume that prospective customers would take advice in advance for their auditors rather than take the risk and keep their fingers crossed. This would be standard practice

I have dealt with this on the revenue side when we would check the accounting of ‘non standard’ transactions with KPMG in advance of doing them. .

Tex

They are also keen to note the following :

It should be noted that prior to the shortening of the accounting reference period announced on 19 January, SYME was not in breach of either the Companies Act 2006 requirements or the DTR as to the timing for the filing of accounts and remains in full compliance with Companies Act 2006 accounts filing requirements.

Hmmmmm after a couple of drinks and reading the last RNS three more times I am now changing my view on this suspension.

This was clearly a proactive suspension by SYME and the RNS reads as though (in SYME’s eyes) this is a natural next step as a result of the financial date change, not necessarily something they forgot and had pointed out to them.

Also, they state ‘technically in breach not ‘in breach’ .... this is important.

Bearing this in mind and with a few whiskeys in me, it does seem a little suspicious and coincidental timing, given commitments to impending updates next week.

Maybe finally we are going to get the promised RNS with names & numbers and delivered in a time when the share just happens to be in suspension..... that could make for an interesting start of trading!

Maybe this was planned?

Tex
(Disclaimer, posted under the influence of whiskey)

The are technically in breach of DTR . They proactively requested suspension as a result, while they ‘fix’ the issue. . What I don’t know is what would have happened if they didn’t suspend. It could be that SYME caught this just in time.

Let’s assume it’s all sorted in a week, and to the good point Vascular makes, let’s hope it hasn’t harmed their credibility with prospective clients.

Well I guess it may be a good question for the Q&A, Marlen.

Speaking of which. Let’s hope there is a good RNS and concrete info before it, otherwise it’s just going to be another regurgitation of answers already provided in the many various interviews and Q&A he has already done.

Time to start delivering official information which progresses the company and the share price.

OK got it.
It would be good if they did but they may be waiting for more drill results before updating (pre PEA)....
Have a good weekend all.

OB, I know you were in contact with JAN, did they say they were working on a new investor presentation?
thanks