Jangada Mines Share Discussion Threads

[andy] 29/5/2019 11:13

jailbird,


Wise words, but good money can be made at the discovery stage, then get out quick before the EIS and feasibility studies are done which is where dilution occurs and share prices fall.

[jailbird] 29/5/2019 09:44

Wooster,

I always say PIs buy into development projects way too early..

I thought HZM under 2p was cheaper 3-4 years ago..and here we are again.

Delays,dilution and commodity processes kills the share price.

Best to wait for BFS completion before buying in..then you know whether project is viable or not

[andy] 29/5/2019 09:22

jailbird,


"So VO have bought the entire project for a piddly few million"

-------


With very little cash upfront, and mostly using their paper.


Take a look at VO's historic trading volumes, or rather the lack of them!


It looks to me as though a company fast running out of cash has sold out to a company with little cash, and projects nobody looks really interested in........


What can possibly go wrong?

[wooster4] 29/5/2019 09:17

jailbird - yes, but we share in upside through shareholding - however, entirely in their hands. Really thought this was no brainer - how wrong i as was!!

[jailbird] 29/5/2019 09:09

So VO have bought the entire project for a piddly few million

Market value in the end

[red army] 29/5/2019 08:14

Added to position at 1.215p

[pilot48] 29/5/2019 00:18

It's out https://www.google.co.uk/amp/s/finance.yahoo.com/amphtml/news/valore-acquire-pedra-branca-pgm-221425007.html

[andy] 28/5/2019 17:21

Valore STILL halted!


How long does it take to produce a news release that's already out in the UK?

[greatfull dead] 28/5/2019 16:28

This ain't the windmill I researched and jumped into a pit this a.m...

GLA bye...
GD

[andy] 28/5/2019 15:40

VO halted in Canada.

[andy] 28/5/2019 14:51

This was certainly an unexpected development, and clearly the market, quite correcly in my opinion, doesn't like it and is voting with their feet.


This is hugely disappointing, in my opinion, and I'm guessing this has been forced on them by a lack of cash resources.


Anyone thinking vanadium is the new hot metal has not been following the market recently, where the price has fallen from around US$125 to around US$40 currently, and still trending downwards.

[pilot48] 28/5/2019 13:33

Type his name in Investegate and see the other companies he's gone big on. A bad omen if I ever saw one.

[pilot48] 28/5/2019 12:29

Apparently a competent person's report is due at the end of the year. Company is beyond useless when it comes to timelines and is making it up as they go along.https://www.mining-journal.com/m-amp-a/news/1363999/jangada-to-sell-pedra-branca-to-valore

[pilot48] 28/5/2019 10:21

They had a placing last year for vanadium work and based on recent updates the $1m facility remains undrawn. Results overdue in recent exploration drilling.

[sclper] 28/5/2019 10:02

It's not really much cash is it - C$3m - and the company doesn't even get it straight away. At best it will pay for a bit of exploration drilling on the Vanadium asset but don't see it lasting very long

[tsmith2] 28/5/2019 09:57

Don't think that's at all the case.

[the deacon] 28/5/2019 09:39

I can understand long suffering shareholders being a little peeved with BM...but selling out now - when cash on the book far outweighs the market cap, and funds to drive a vanadium asset that has some very good potential, is rather silly. It isn't any wonder so many people lose a lot of cash on AIM.

[greatfull dead] 28/5/2019 08:52

TD,

Also if you consider BM controls 20.3% share in JAN, I don't think he is bothered.

ATB,
GD

[red army] 28/5/2019 08:46

Agree - market cap of £3.6m and hopefully realising £4.1m plus other asset.

[jakecat1] 28/5/2019 08:42

Lol - best news you could wish for and goes down 30%. What an opportunity for an entry level though.

[the deacon] 28/5/2019 08:35

There's value here GD. BM hasn't covered himself in glory through this left field news, but can't deny there's plenty of cash now

[red army] 28/5/2019 08:33

It makes sense as the market conditions dictate but will have to wait for Valores performance before any major gain. Still owns other asset though. Good entry point.

[greatfull dead] 28/5/2019 08:27

I am in.

GLA,
GD

[jailbird] 28/5/2019 07:39

Not sure about this Not sure I would want invest again now Why not just list on ASX .. then giving a share of the Co to another entity that invests in development Projects What happened to the BFS?