I agree, @Senojlihp - ironically, and painfully for us, market conditions changing on the iron ore front have undoubtedly been the reason we aren't already a cashflow generating entity and now mildly frustrated at the Fodere delays. Instead, we are wholly dependent on them getting that pilot plant up and running for our bulk sample to be run through.
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Seems daft to criticise Brian, given Verde reported a 50% sales decrease YoY too.
Does bring the viability of HMI into question in the long-term, but no read across to JAN.
Bb I'm with you my friend. I'm down too.....but have to keep reminding myself as to why I put alot of money in here. Its hard sometimes so aittle green and shoots of recovery are welcome right now
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Sorry if I sound preachy, I'm 40% down, so not in some glorious position either, but I look back on this chat history (and recall previous involvements in here) and see how it turned, somewhat understandably, from excitement to horror, but the focus also shifted away from the fundamentals to an attack on the BOD.
Yes, they deserve criticism, of course, but they are 40% shareholders, have a core asset which can be very significant if Fodere's tech can turn it away from the Iron Ore focus, plus a sensible investment in BRES and "blue-ish sky" potential in Fodere stake/licensing/etc.
Put it this way, if we'd had been 3-6 months earlier, we might have secured an offtake which would have covered a bulk of the CAPEX, but the iron ore price didn't hold up. Equally, if Fodere had been ready 12-18 months ago, we would again be a long way down the track with an offtaker for our Tio2, perhaps.
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I've been sat in Jan for years with the conviction that we will one day deliver...my question was when will we see green and sustainable green
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you imagine they'll still be searching for the right deal. It'll be difficult to find a balance between a discounted project and the current JAN undervaluation, but I believe the BOD are confident there are good deals out there.
(iii) BRES news - they are completing their own bulk sample work and have significant interest from China and the US for funding through to DFS or beyond. We'll never see a direct correlation to JAN's SP, but a move to 15-20+p on positive news (entirely feasible if the market believes they have a solid path to production) then this could be helpful to JAN, especially from the current low market cap.
(iv) Fodere has been frustrating, but their planned operations are significant and we hold a meaningful stake PLUS licensing rights in South America. Pitombeiras could be a showcase for their technology and potential open new doors.
It's not the company that's a gamble, it's other investors pushing the price up without any immediate indication of news
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Wonder what's the cause. If its typical anticipation behaviour, then it's just a gamble for all the buyers right now
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https://twitter.com/DavidCa041980/status/1687387679602663425
Worth commenting on this where you get the chance. We have some rare buys flooding in.
Lots of negativity about and unnecessary bashing. If you remain convinced on the fundamentals, then time to concentrate on the future - Fodere (stake & impact on Pitombeiras), BRES (running up today - expect 10p+ if they get grant to fund DFS) plus potential new acquisitions.
Frustratng times, but time to look forward, not backwards.
My view on HMI is that Brian has focused a lot of time and energy into getting them where they are. Market conditions and global issues have gone against them but in a good position now to make money when conditions return to favourable for them.
That being said I would hope that same time and energy will come to us when he has the facilities and conditions to push hard for Jan. I'm sure he will.
That's the key - honestly, I've tried to switch off from the share price as much as possible. For every move down, remember it moves quickly in the other direction and we have seen evidence of that.
Constant sells are hard to stomach, especially as it isn't hard to work out some have some from previous LTHs that have smashed the bid price (or below) to get shot. Imagine a few are in heat too and have been selling into any small volume whilst also spreading fear.
Bored you enough, so I'll leave the ramblings there!
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If anyone tells you when you will see "green and sustainable green" with any conviction, they are talking bollocks. You should be concentrating on asking IF they can deliver upside from here. If you still believe, and you don't need it to pay off in X-period, then change your focus.
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None of the above should be perceived as a ramp and I do get the frustration, but we are at £6.1m m/c with a ridiculous amount of potential. I don't know if I'd recommend buying now, given the pesky sellers that are about (and undoubtedly in here), but I'd recommend you get your heads down, research and remember to focus on the positives.
My view is that I am keeping powder dry in case (a) price gets silly (i.e. starts with a 1) or we get news that is transformation for the company. Trying to guess timelines is daft, not just in JAN but across the mining sector generally.
Investors tend to focus on the hear and now, especially in negative moments. However, we have a BOD that has previous for finding and realising value. Look at what LA has done with Bravo - a $1m acquisition that has 100-bagged or more (currently ~CAD$500 m/c).
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Rather than focus on a vague question outside of our control, use the time to remind yourself on the fundamentals and potential newsflow. We are waiting on:
(i) Processing of the 25t bulk sample by Fodere - it is clear (for those that bother to actually research) that they are significantly behind the timelines they were initially working to. I understand that Q4 is still being targeted for the testing by a mini-Fodere plant. Could be a very positive catalyst
(ii) News of a new acquisition - BM has mentioned this a number of times and
https://twitter.com/BlencoweRes/status/1688251336704262145?s=20
Hardly surprising to see the SP react to this type of PR - some would argue it is sensible to take a position now, with near term newsflow and well within that ~4 to ~6p range the BRES SP has been trading around.
I don't think it is the biggest of risks, tbh. £11.6m m/c, and they have funding/partner interest from China and the US. Either of those will materially re-rate the stock. It's at a good risk/reward level.
(no position, but solely due to JAN exposure)
I think it is safe to say that patience has been pushed for a lot of us… previously supportive people have turned to tantrums, bashing, etc.
Nothing wrong with changing your mind and moving on, but time to do that was such a while back. Silly, silly price at this level.
You'll need to follow @DavidCa041980 (be sure to DM him before and advise you are a JAN holder - if you've previously been a dick then he'll probably ignore, he's mean like that)!
You should see some of the replies.
https://total-market-solutions.com/2023/04/jangada-mines-harvest-minerals-april-2023/
Think this double-header is the one to reference.
