Ideally they'd have sold higher but at least we're well funded now for this next little adventure and the gold price is flying. Plus we have a new ceo with a good track record so a few positives to take from it. If they do what they've stated i can see the price a fair bit higher by Christmas
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No doubt he will be back with warrants and options etc…
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What’s the with McMaster buy low sell low 🤦
Did it with Kefi and done it with Bres. Shady man if you ask me
Better they are out now rather than when Bres re rates up to 10p plus
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Totally agree Frank with both of your points of sentiment expressed there.
On a personal level, JAN's involvement in BRES (after all this was our Pitoembieras development money parked for a rainy day) meant that I scrutinised BRES. I liked it and took a position.
So (from a personal point of view) this has actually derisked me a little and I have my fingers crossed now on Ugandan Graphite, Paranaita gold and in the future our involvement in a potentially industry disrupting ilmenite extraction process (this one's the bigger risk of failure but I think biggest potential reward).
Just think in short term 8p was achievable in #BRES so not happy myself really but it done now I suppose
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If they feel that they can make a better return for shareholders by taking the money out of Blencowe and putting it in to our own exploration then I great. I’m sure it wasn’t a decision made lightly given Blencowe current status.
Says a vast amount more about the faith that they have in our own project and the potential reward for the same money
Time will tell on the BRES decision, but after years of stagnation and complaints regarding the company's lack of progress, this is definitely decisive action.
At least we have a narrative that doesn't invest waiting for a 3rd party that moves at a snails pace.
Last 2 projects for JAN both moved very quickly through their early stages...... so we might be pleasantly surprised
Yes WSBN has the chance for a big find, which either way you look at it, from an investor point of view there has been a lot of opportunity for a rise in the share price. WSBN has historically been a lifestyle company but I cannot argue it was and may still be an opportunity because of the PR they have done and the possibility there could be a large asset. I have no holding so no idea what the risk on that looks like.
#JAN to me presents a slightly different opportunity because the new CEO has an actual track record of company building so for now it is not giving me “lifestyle” vibes.
They appear to have an actual plan, they know there is gold and so there seems more opportunity for value accretion based on the asset. I like that proposition which is why I am holding #JAN. Although I do hope they do some PR when they have something interesting to say.
Sorry but that’s potentially a massive find. Investors can double up from here until the next update, can’t believe you’re giving negative energy for that update.
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And at significant depth they keep pumping the nearology to Telfer and the jurisdiction - it is valid but not to that value
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All a big play on the sale of the multi commodity to Jim Patterson.
Got a big pay out, use the money in the bank to fuel the directors for 4 years and blame none progress on external factors
Nick Von / Van or whatever he’s called knew the script when he sold up
Large positions in small caps often have to be sold when liquidity is there and so there is an argument that they took an opportunity to sell while the small cap market has been brisk with good volumes. It’s a pragmatic factor that perhaps us PIs don’t have to consider to the same extent.
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Opportunity cost: JAN has to show us that taking the BRES money and allocating proceeds to Paranaita was the right one. I am hopeful this will work very positively in our favour.
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Or they were left with no option with the optics of having to raise again.
Hopefully we see significant recovery from here.
It has been and contributes to be a painful hold.
I guess it gives them an extra £1m assume they sold around 5p
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Depends if you think BRES is going to 10p or not in short order I suppose
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Poor decision selling all the 21m shares in Bres so early
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https://www.ticker.app/lse/JAN/rns/2025-09-26/Company-Update/9149A
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WSBN has a 5-10 year history of putting out potential discoveries, after a ton of dilution and drilling only for it to never actually properly confirm gold.
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I personally wouldn't touch it up here as the drill results are never conclusive and at a £50M cap now they will need a pretty big RNS for it to keep up the momentum. #JAN at 1/10th of the market cap and with gold already discovered is a better risk vs reward situation for me anyway
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