Member Info for uinsionn

IPO’d at 25p, a market cap of £7.75m, cash of £3.5m, so EV of £4.25m. Current mid price of 4.95p gives a market cap of £1.54m, cash of approx £1.5m so now has an EV of £40,000.

Given that the story hasn’t changed (and has in fact considerably improved in the case of Abbeytown), where has the £3.75m of EV gone? Seems weird no value for the assets which has nothing but positive results and now has proven extension lines

31m shares in circulation, 67% not in public hands

Erris Resources CEO, Anton du Plessis, said, "The results of the preliminary metallurgical study at Abbeytown are very positive and show that good quality lead and zinc concentrates can be produced using a standard flotation process. Furthermore, the recoveries are excellent, the concentrate is clean with respect to penalty elements and the grindability characteristics of the mineralised sample are positive. The results further reinforce our confidence in the economic potential of the Abbeytown project."

This is presenting a great chance to buy more, this has such a tight low free float it moves quickly either way on low volume, company making revenues and massive growth, will be profitable this year in a sector where there growth opportunities are huge. The story has developed well over the last 12 months and continues to press forward with new events and exhibitions, DC is a massive deal maker, he has made mistakes as ceo but his focus has been company growth, end game here as the major shareholder must be company sale, he has bought open market, taken part in the placing when the company was expanding and making the deal to buy bright bricks, now we are entering a stage where we don’t need to raise to progress as the income stream is positive, do the research think over the next 12-18 months the company will move to the next level

Opex Even going on £100 a tonne including transport costs and all associated for production that would be about £50m a year costs with the current resource the yearly total is £163m which would give a pre tax and commission profit of 110m per year But opex should be closer to £80 a tonne.As for capex after the site visit and with a lot of equipment on site that can be utilised and no need to build roads or facilities etc transport links and ports nearby as well as Boliden facilities which can be utilised the rough guess on the low capex is between 40-60m Which is a 1 year payback

What’s the potential value in the ground, could be getting bigger on extension results in 2 weeks, prices now higher than this too, well extension proven since I posted this and Anton out looking for a partnership, more drill results this month too, story and resource keeps getting bigger Estimate 8mt at 12.5% combined = 1mt * $2500 = $2.5 billion, 500,000 per year mined gives a mine life of 16years. That’s about 10000t per week *12.5% = 1250t ore * $2500 = $3.1m per week or $163m a year. As it’s a brownfield site it means very low capex, this could be interesting for some of the big players currently looking for sites in Ireland or a smaller player looking for a manageable project with low capex they could mine easily. Should get a good guide from the next set of results which are due in the next couple of weeks, company also saying will be giving guide to what the size of the resource is, but don’t forget already identified extensionsPositve Newsflow. Since we have found extension and now drilling further this above resource has the potential to double in size more updates in Q1 with regard to expansion and looking towards economic value

Found another relative who wanted some lol you chancer, still all it means is the free float gets tighter, bring on the partnership announcement and give me my payday lol

Looks like someone happy to take 2% of the company yesterday

You hurt my feelings mate, well we will see who is right Monday, this is going to go mental

Big buy just come in, someone got a big order to fill

& Mr Brian McMaster for 1,666,667 Placing Shares, equating to an investment of £50,000; and

& Mr Luis Azevedo for 1,666,667 Placing Shares, equating to an investment of £50,000

Short sighted people will always be short sighted, BOD has to mange expectation and yes Brian isn’t perfect, but he sure as hell has more invested here than any of us and I am sure he will be looking for the best scenario for him and the other large holders.

Maybe the vanadium asset is a better option for us to advance as the market seems more keen on this, also the sale gives us cash to advance this asset, no point going after an asset that we we were never going to advance unless we diluted massively, which in turn would diluted the BOD too. Now we can focus on what could be a very low capex and opex project in a high demand commodity. Pedra was a fantastic asset but a pipe dream for a company like ours, we retain a high share in Valore who have the contacts and the proven track record of getting assets to a saleable position or bring in bigger players to advance it, sometimes you have to play the cards you are dealt. I am sure Brian didn’t do what he has done without a plan, onethat is soon to be revealed, maybe you should contact nomad or Brian directly for any points you need clarification on, but I am sure Brian is arranging a update as we speak with regard to how the company is going to move forward from here

Jangada Mines on Monday revealed 'highly encouraging' drill results at its Pitombeiras West vanadium deposit in north-eastern Brazil showing potential of a 'very substantial' deposit.

Grades were reported as high as 0.83% vanadium, 11.6% titanium and 48.4% iron, the company said.

Total mineralised intersections ranged from 26 m to 46 m wide with average grades of 0.57% vanadium, 8.1% titanium and 37% iron.

'Preliminary metallurgical tests demonstrate that the material can be processed by conventional methods currently used for the ore type globally,' the company said.

'The findings of this drill campaign are highly encouraging and further support our belief that we are discovering a potentially world class vanadium deposit. The mineralisation is consistent in width and grade, with high grade mineralisation starting at surface, all of which are very positive indications,' said Brian McMaster, Executive Chairman of Jangada.

'The holes that we have drilled to date are shallow and have returned excellent results. The resource potential remains open at depth and along strike. If we continue to replicate these results in future holes then we will likely be holding a very substantial deposit. These results further confirm the breadth and potential scale of Pitombeiras West specifically,

This will not be a cash shell, Confirmation from the nomad that as expected, the only clause in rule 15 that applies to JAN on this transaction is as per the rns! A shareholder vote! Jangada will not become a cash shell! But hey, never let the details in the rns get in the way of an agenda! So no more scaremongering with regard to cash shell

Now we have exposure to 4 more assets with our holding in Valore as well as the cash to advance our asset, We have four projects in Canada with which we are leveraging the upward movement in both uranium and gold prices. Two of these properties are in Canada’s Nunavut territory, including the Angilak uranium property, which is a 1,000-square-kilometer land package south of Baker Lake.
At Angilak we have spent over $55 million on discovery and delineation expenditures, most of which was conducted in the Lac 50 trend area. There, we have identified various stacked structures that carry uranium and other minerals. We have delineated a resource of approximately 0.69 percent U3O8 for a total of 43 million pounds, which is the highest grade in Canada outside of Saskatchewan, and amongst the highest in the world. This is a significant deposit with lots of expansion opportunities, and we think that the Angilak property has district-scale potential and could thus be of interest to partners in the future. In anticipation of this, we currently have three rigs on the property focusing on similar parallel structures to the Lac 50 trend that should help increase the project’s resource once the market turns.
Our second Nunavut project is our recently acquired Baffin gold property: a 4,000-square-kilometer land parcel that sits on a 114-kilometer belt. Historically, previous exploration groups have spent approximately $25 million on the project. We expect to leverage this past work in order to advance the project and delineate the resource.
In Saskatchewan, we have two more projects, both of which are focused on uranium exploration and are within 50 kilometers of the bulk of Canada’s uranium-mining and milling infrastructure. They also sit along an important geological structure. With a positive turn in the uranium sector, we hope to see more interest in these projects, spurring more work on the properties

Had 2.5m cash in January, the ceo put a loan facility in place, HNWI bod at Valore, ceo took 500k in recent placing there and has raised 175m in equity since 2010, 4 business sales in 8 years all for big numbers

If Valores Mcap goes up we benefit, currently halted, Valore bod are experienced at high value sales at early stage

Bigger picture here for holders Valore maybe able to unlock the real value of the asset something Brian could never have done and we own a large % of Valore now, have cash in the bank for our other assets, if Valore sell any of there 4 assets we gain plenty of upside from what people who are short sighted or trade with emotion selling without looking at the bigger picture

Started averaging down