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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I've never replied to any tweets from Jangada and if I did they wouldn't be negative because that would be self defeating, this is a closed group and I will make my views known regardless of what anyone else says. At the end of the day the directors answer to us shareholders and we have some very rich directors, they should be made accountable. We've had shite communications always. Very little promotion of the company and Brian throwing a tizzy when people sold (which actually proved to be the correct move) given the delays we've seen. Two other non performing companies I'm in have each got shot of one director and took across the board pay cuts to reflect their respective shrinking shareprices and lack of progress. Why shouldn't something similar happen here to help preserve our cash? How long are you prepared to wait DC? Another year, another two years? At some point a line has to be drawn, you're just as petulant as Brian at times, I'm entirely within my rights to criticise as I see fit without being labelled 'sarcastic' and 'bitching' that side of your personality i have no time for. I have a lot of respect for your research skills and in telling the story of how lucrative the titanium pigment might be, you should stick to that instead of this petulant behaviour I've witnessed on several occasions now from you. This isn't a fan club it's a discussion board, all views should be welcome both positive and critical.
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Occasionally I've criticised the company and rightly so. As I said I've been here at least 5 years maybe even 6 and my investment in JAN has actually depreciated by over 23% and that doesn't even take into account inflation. I'm a patient man but my patience is wearing thin. Every company I'm invested in spins the same yarn. It's never their fault, they're waiting on something or someone else while they continue to draw a nice salary at our expense. I've never singled out anyone from the company but the fact is our directors have been telling us they're gonna give us a producing mine for as long as I can remember and to me regardless of the Fodere news it still seems a mile off! I want results from directors not not excuses. Make something happen you're the ones in charge!
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There's no bitching from me but I invested in Jangada and I want to see a return in a reasonable amount of time, I and many others have been extremely patient. I've been invest for over 5 years!
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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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Well as you say I have researched far more than others and that’s given me the conviction that others lack or have to a much lower degree.
I’m extremely confident the rewards here will pay off, but there are steps that have to be made and they have unfortunately been delayed by parts outside the control of the company
Meaning of petulant - childish, sulky or bad tempered. Interesting choice of word coming from you!
Any way I’m done. I’ll leave this group to those that just want to be negative. It’s not been a discussion board for a long time as recent posting shows. There’s better places to discuss the company as some know…
It doesn’t matter how long you’ve been invested here, nor do you have a monopoly on being a long term holder - plenty of us in same boat.
The issue with the BOD here is how they communicate and promote.
Doesn’t matter how many times people post where news, make sarky comments on bbs or replying to company tweets etc. The BOD can’t do things until parts fall into place and that’s been fodere holding it up.
As I said though I expect fodere uodates soon… Then hopefully we see some enthusiasm with newsflow.
All there has been in recent months is bitching including from you!
Probs is few of you even know what’s going on or where to put frustrations at.
The project isn’t going anywhere without the Fodere tech. Thats the market.
Fodere though are the ones causing delays affecting pitombieras. They were supposed to have a plant in operation at end of 2021. We’d be 18mths further down the line if they had and all a lot happier!
Fodere are our frustraters, but they’ll also be our saviors and the making of the project so we can’t be too pissed with them and BOD will need relationship to stay strong.
The good news is updates from Fodere should be soon and strong.
When they land hopefully people will look to the future as the deadlock broken and get excited again. We need positive sentiment as much as we need to see progress and things moving.
There’s two streams being worked upon.
Luis is taking lead on new asset/s in Brazil including the negotiations. Fingers crossed he can replicate something like he’s done at Bravo.
On pitombieras we’re waiting on fodere. Until that test work done nothing else can be done. So the bitching at Brian is kind of pointless as nothing in his hands.
Eyes are on fodere updates both for pitombieras, but also updates on their S Africa plans.
If all goes well fodere will be a mid size producer next year and our 7% of them worth more than Jangada current MC….
