It’s artificially low and always will be whilst you have cunts on the register
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Completely forgot to reply to this. Sorry my bad. Was having a few drinks, so I guess my little brainstorm started to transition into a brain fart the more I drank
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I only wonder because offtake agreement would not fully fund plant. The plan of Foderes plant coming from 70million from Bank Investment would result in multiple funding options for Jangada
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Depends how you mean? It’ll be a long time until Fodere are making sufficient profits to pay a distribution to shareholders.
If Fodere IPO, then we would have the option of selling down our stake, but that is a long term move, you wouldn’t want to undermine by selling and it is usual to agree a lock-in from IPO for key stakeholders.
Fodere opens the door to JAN applying the tech to their project, which may attract funders. It doesn’t provide the funding….
I think it is easy to concentrate on the negatives today with timelines and, I actually agree, it is frustrating to see things pushed out, especially when comms are so poor.
Today’s RNS told us a LOT about Fodere. Read from Further Information downwards and you can start to create models of the potential value of their technology, which has been done elsewhere and is very interesting.
If Fodere do IPO in the future, and can avoid significant dilution, our stake can be worth many multiples before we even start digging ground at Pitomberias. Could we even secure asset financing by pledging the Fodere stake?
Lots of optionality, but the biggest fear now is the interim period. How do we survive 6/12/18 months without funding? Can we survive until BRES gets transformational news? Does the BOD have a trick up their sleeve to secure funding. Can the directors options be used to keep the lights on and buy time.
I don’t know the answer to any of the above, but I do know that their is no history of “willy nilly” raises, so a keep the lights on raise at (let’s face it) a significant discount feels unlikely unless they’ve left themselves no option.
I’m keeping the faith, partially because to lose it would batter the SP with such little liquidity.
What the BOD need to do now is put forward a buy case. Way I see it, you are in or you are out, there is very little to convince people to move from one camp to the other, unless you need the money, sadly.
Enough from me. ATB, all!
Hopefully other people buy. No reason to buy jangada until they prove themselves. Hard to trust a company that doesn't believe in itself. Let's hope fodere doesn't hold jangada until the middle of next year. Fodere clearly is not in a rush to prove jangada is a good investment.
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That's a very slow creep! Has anyone heard from DC? Hope he's ok
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Well that escalated quickly! Let's hope DC's conviction is warranted.
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Correct. The running of this company is a disgrace
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I'm pretty sure we are all now in the massive loss territory. It feels like shit
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I wasn't expecting it this quick but the sooner we hit bottom the better I guess 🤷♂️
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Hope everyone has a good Christmas. All the best of luck for 2024
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Without significant news and according to my interpretation of how price generally behaves we'll probably end up around 1.15p - 1.2p sometime next year before the recovery begins, so start saving now for those top ups!
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I’m not sure what angle you are coming at this from. Why would funding have ever come directly from Fodere? I don’t think I have ever seen that mooted as a plan.
Fodere IPO is far from massive speculation, that is a logical end goal for them to realise shareholder value.
I’m not sure why you are dismissing the offtaker route either. Project will likely remain very low CAPEX and we came close to funding with offtaker/asset finance for an iron ore project. Chunk titanium output in the mix and, coupled with asset finance, it’s more than doable.
Fodere becoming a listed, liquid investment for JAN, even at 50% of their current stake, would likely underpin or be greater than JAN’s current m/c, and Fodere’s technology would also unlock value at Pitomberias and open doors across South America.
You can’t ever completely discount a transaction between Fodere and JAN, but your structure is off and a bank will have very strict lending criteria which will not allow money to be spent elsewhere (look who is the proposed lender)!
Right so the main goal is paying off debt with the new fodere commercial plant, so the initial funding won't come from fodere if they want to produce in 2025.
Fodere IPO is massive speculation at this point, it doesn't even suggestively result in funding for Jangadas pitombeiras plant...
I would think maybe Jangada would be willling to do a share placing, but only If the share value is high enough. 6p a share won't scratch the surface though.
Investment from fodere to Jangada maybe? Or is that circular logic, considering Jangada already owns 7% of fodere....? Can fodere invest in Jangada? Partially though, obviously not fully. Jangada could get bank investment themselves
I have to ask, for important conversation and without expecting any gravy train take off....
If Jangada needs funding, and have stated previously that they will seek alternative means of doing so.... would they perhaps wait for fodere to begin producing to obtain that funding? Food for thought, but let's remember one important thing; this company is in no rush to waste a good thing, so how will they take advantage of their ownership of fodere? To get funding. At least that's my thought. Not to say that's going to happen, but its an option.
No mate I'm 32 in February. So think of a nice birthday present for me.
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Conviction can be a double edged sword, yes it can sustain you through periods of doubt or delay but it can also stop critical thinking. I've seen so many investors over the years with as much conviction as you could get, to the point where they won't even consider a contradictory viewpoint that collides with their view. Men much more so than women tend to suffer with this trait.
The best lesson I ever learnt was to 'hold strong convictions loosely' in other words be sure of your opinions but be ready to always test and question them and be ready to let them go if there is evidence to the contrary.
There's no point saying anything more at this point, let's see what happens with Fodere.
To be invested in companies like JAN and the stadium there in, takes some special patience. I am sad to hear DC is gone, he has been a rock for most of us. But am pleased with Jason reflecting on JANs timeline. It's good to talk about these kind of frustrations.
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