Jangada Mines Share Discussion Threads

[theaviator] 30/1/2019 02:41

Swizz some nice comments there and appreciated. It is very true regarding the 70% and its what actually caught my eye in addition to the Jorc update. How long do we realistically see until a solid revenue stream? Timing of the essence in these plays imo

[swizz] 29/1/2019 17:43

p48, They raised what they needed to get the BFS completed and the Vanadium asset qualified, which to be fair is very admirable of the board to do so and not the norm for the Aim market, which I believe has put a few noses out of joint in the city, hence why I think you see so much negativity around Jangada at times, the board are fully aligned to shareholders with circa 70% of the equity directly controlled, again not the norm for Aim, you also have high quality non execs taking very modest quantities of equity in lieu of salary, again not the norm for an Aim company,

It is also worth noting that upon completion of the BFS, the funding is very much focussed on capex and project based finance will be the most logical route, rather than equity finance, at every stage of the development pathway, the Jangada board have done everything possible to prevent shareholder dilution, they are hardly going to change that approach just before the finish line, despite how desperate some of the city shysters are for them to do so,....GL S

[the manini] 29/1/2019 17:18

That's exactly how I see it Swizz, it would be weird to have material news and for the company NOT to comment on it. You have to get your message out there when positive news comes along...

[sclper] 29/1/2019 17:17

The reason for the promotion is that the directors and long term-shareholders are very frustrated that the company is so undervalued despite excellent progress - huge increase in resources, very substantial decrease in Capex requirements, big rise in palladium price and possibility of significant vanadium resource. We also now have third party validation of the true value of the project with the recent royalty purchase.

The strategy is very clear - complete the BFS which is fully funded. If the BFS is positive, which looks very likely, then project funding is likely to be forthcoming which will be debt based. I also think there is a good chance the company will be sold.

[pilot48] 29/1/2019 17:16

They raised funding to get through to BFS. Part of the 2.1m package is equity worth 300k to Consulmet for carrying out the BFS. They spent 6 months evaluating the asset before deciding to take payment in shares. Research Consulmet... Given BoD own a massive chunk of the company they're more aligned with shareholders than most other AIM companies.

[the manini] 29/1/2019 17:15

Brian said the BFS is fully funded and I think you have to take him at face value on that. Once the final figures are out I don't see a problem with raising the cash to actually build the thing, the numbers are looking very good if you add everything up. Any short term weakness and I'll be buying more shares!

[swizz] 29/1/2019 17:10

Andy, what on earth are you on about?, I would suggest the promotional activity you refer to, has been for material developments, a Q1 update with BFS guidance and the Vanadium asset qualification, Third party Royaly purchase and a Material JORC increase, they are not exactly trumped up messages for the sake of it are they and I would suggest it is very understandable that they would add further PR alongside each of those updates, did you not manage to pick any up in the 1.5p region?,...GL S

[andy] 29/1/2019 16:42

Theaviator,


Yes research notes are generally sponsored material at the end of the day, commissioned reporting, using information supplied by the company itself.


A combination of all three at once can often (but not always) be a strong signal that a financing is coming.

[theaviator] 29/1/2019 13:36

Or in research notes. Dont get me wrong I like it very much but will be about timing now. If BFS results do seep through early will be great. I just try my best to be level.

[andy] 29/1/2019 13:28

Well they seem to be on a promotional push at the moment, the more interviews and presentations they do tends to have a reason behind it, and often that can be a fund raise, so I wouldn't rule a placing out.


I remember Mkango saying they were "funded for 18 months" and placed a couple of months later!


I'm not saying a placing is due here, but the media current activity is often a clue one may be underway, as a rush of PR is done at the same time to try and raise the share price

[theaviator] 29/1/2019 13:28

Circular worth a read http://www.jangadamines.com/media/1206/251410-jangada-mines-gm-circular.pdf

[jailbird] 29/1/2019 13:24

"we secured a 12-month unsecured loan facility from Celtic Capital Pty Limited of US$1.0 million, which we have not yet drawn down. "

what will be the interest on this?

@Novice - thanks for that ..missed that in the statement further down.

[novicetrade68] 29/1/2019 13:23

Yes true, certainly in the results.

[theaviator] 29/1/2019 13:21

Usually they state this tbh

[theaviator] 29/1/2019 13:20

Correct but Id like a better idea of cash burn.

[novicetrade68] 29/1/2019 13:18

Need an update on what is left lol, they raised 4 months ago, they're not required to give share holders a monthly breakdown of their expenses, you have to make up your own mind regarding their estimated cash burn.

From the interview yesterday I understand that certain elements from the BFS are actually going to be released this quarter.

[theaviator] 29/1/2019 13:12

Need an update on that ie whats left. Also a drawdown facility for up to 1ml. This is a fantastic play but as ever timing the important factor. mAldinnot v few shares in public hands Circa 33%

[theaviator] 29/1/2019 13:05

I like this one. Another few months however imho to buy. BFS results due early Q2. As always with thesr miners things take time. However great Jorc grades and potential value. Remains on my watch list. GL Aviator

[novicetrade68] 29/1/2019 12:59

They raised £2.1m in Sep 18, placing £1.1m @ 3p + a £1m drawdown loan but not death spiral, just an old fashioned one. Company says they're funded for the BFS and in contact with industry participants atm.

[jailbird] 29/1/2019 12:50

Still time to buy these

The funding requirements and ability to raise funds is the main criteria

BFS will derisk further

Anyone know the cash position here.. ?

$196000 on last results in Nov 2018

[pilot48] 29/1/2019 00:10

Brandon Hill have put a $418m valuation on the resources. https://www.brandonhillcapital.com/media/77790/jangada_flashnote2019_01_28.pdf

[novicetrade68] 28/1/2019 21:54

Yes I agree, so essentially the coming months further key parts of the BFS are going to be released, and by the sounds of it the BFS is very unlikely going to be worse than the PFS.

[swizz] 28/1/2019 20:39

red, Brian gives a great account of the current situation and also makes some valid points in regards to the share price performance, we also get some decent guidance on the news flow ahead, it is worth a listen imho,......GL S

[the manini] 28/1/2019 16:06

Brian spoke well though and really got across how extremely undervalued he believed we are. Price is starting to respond now. I expect much higher prices over the coming months... pdyor

[red army] 28/1/2019 15:14

The only problem is that he is being interviewed by that half baked so called investor Doc Holiday.