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Agree Seis. I am not under any illusion that Sunday Roast interviews are little more than a choreographed charade, but Archer pinned Leon down to saying news on OB1 project will drop by end of March (subsequently modified to 2 weeks) and Roan still on target for comissioning and ramp up by end of April. He also said Sable would be at full capacity in a matter of months, not years. When pushed on Chambishi, he hinted we were looking actively for increased processing capacity, but this could be in the form of partnership. Current warrants are largely historical with exercise prices double today's Sp. Thutse upgrade - first module within two and a half months, I think. Munkoyo is on schedule.
After all the delays and disappointments, I don't think Leon can afford to say these things unless he is confident in delivering.
I disagree with Kalan that 'much depends on IRH deal'. In terms of revenue, this is going to take time to come through. Yes, any undue delay will affect sentiment and thus short term fluctuations in Sp, but we Roan and chrome upgrade are our immediate priorities. FWIW, I believe the IRH project's most valuable outcome is going to be a demonstration to the industry of what we can achieve and hence unlock the potential for future, more lucrative deals.
Not that it's any of your business seisnav - I am not a trader. I tried it and wasn't very good at it. We only have 3 decisions to make, trader or not.
Do we want to hold shares in the company? Almost everyone here has made that decision with a yes.
What price you are willing to pay?
What price will you sell at?
Buying at 10p, holding to 22p and continuing to hold down to 5p would make me think I was getting my decisions wrong.
Buy as cheap as you can. Sell as high as you can. I'm trying to buy as cheap as I can. When I buy. Selling becomes a possibility and time in and pace of rise and charts plus news will inform that next decision.
Looking at a share and buying because you like it and holding whstever happens dies not make you a better person. Buying and selling again after 30 minutes does not make you evil. Good luck with your strategy. I won't be second guessing what you do or criticise you for what you do. Back to nice discussions now.
Very good interview, good to hear Leon being asked more probing questions by Charles Archer. It sounds like another week or two before we start getting more news flow from the IRH deal.
We're all traders to some degree SeisNav. Some of us are longer term (Middleberg days). I'm the mug that sold out after holding for 5 yrs before the last rise due to the world shutting down. Then bought back in at a higher price, I now have 15% of my original holding. Roll on the Dividend payments :-)
BB
If anything says "I'm a trader", it's quoting the share price to four decimal places!
By the way it's against the rules to post live price data.
Have to agree about the future. Once the sp gets above 6.7p, then there's no telling where it will end up. Could just be 9p. A lot depends on how lucrative the IRH deal turns out to be and the roll out to other projects. Too many unknowns to predict.
I think I'll be buying this week too Bluebelly, maybe today for my first lot and a day or two later for my second lot. Going to have a good look at the charts and indicators now. Would like 5.2p to 5.3p but we'll see.
Soon there will be a decision, I guess market can't bear another disappointment and it will go much lower, if they follow their well known pattern of announcing only "good" news.
Just in case they surprise us with a RNS JPL could break nasty downtrend with a decisive move north. One or two month patience and even the least informed will know where we are heading.
Hi Kalan. I'm happy for 'No News' until Friday, as I plan to buy more on Thurs. However, I'm not normally that lucky. Planning a final top-up of 20k shares and hopefully let it run for a few years. I've no idea where this could be in 5yrs time if everything planned actually happens. But it has to be a £B company.
BB
A breath of fresh air Bluebelly. 100% agree. Looking for a re-entry point myself. Took profits after the recent pump took it up to far toofast. IRH deal and Roan positive update could be the catalyst( s). On the other hand drifting along with no news and further Roan delay (I think the market is expecting this) means the sp is likely to go a little lower in the short term. Hope you are well.
Hopefully IRH deal DD is complete and we get news which can move us out of the Long Term downtrend. The 200DMA is easily within reach. The 50DMA can support us all the way up!
BB
IRH could not come out and sign a J/V deal with JLP prior to the unveiling of the deal with the Zambian government .
I would think all of the negotiations have been complete and the RNS will drop very soon.
It has been a long wait but I believe our patience will be well rewarded in the coming months.
Exactly eshaiten
A J/V with Jubilee will enhance profits of the IRH.
In my lifetime I have never seen anybody walk away from a deal so beneficial to them.
Doubters are way off the mark
Some of the comments this week regarding IRH not completing on the jubilee deal seemed a bit wide of the mark to me. Looking at how many hundreds of millions they are already investing in Zambia and copper I can’t see the logic of them pulling out of a deal they have only currently earmarked 50 million dollars for. It’s small fry for them and without it they don’t have a complete copper strategy.
Still expect it to go through imminently.
From advfn:
“ hTTps://www.lusakatimes.com/2024/03/22/mopani-copper-mines/
Mopani Copper Mines, a cornerstone of Zambia’s mining industry, took center stage as President Hakainde Hichilema officially unveiled its new strategic equity partner, International Resources Holding.
President Hakainde Hichilema has officially unveiled International Resources Holding, the new strategic equity partner for Mopani Copper Mines.
Speaking during the unveiling ceremony in Kitwe yesterday, President Hichilema said the occasion marks a significant turnaround for the economy of not only the Copperbelt but the country as a whole.
Just need that Roan/Sable RNS stating full production and then 2025 copper guidance splitting sulphide and concentrate!
Even if JLP is only producing 5k tons the recent rise puts anouth 5mill dollars onto the bottom line. Think of what that means when we are in full production.
Https://www.bnnbloomberg.ca/commodity-corner-booming-demand-spurs-copper-price-to-new-high-1.2050627
“Theres room for copper stocks to move a lot higher in tandem with copper prices!”
Delicate messages are written with Ardbeggar account only to keep a clean slate for your gotreal account. Interesting.
I am looking forward to next Q -numbers to figure out how much cash is left and how they actually spent the money.
Some of us have long memories ok alan
Subtle deramping. followed by an apology. when caught out. same as pre covid. Time to move on or grow up grandad. not fooling anymore
Jubilee are so well positioned to take advantage of this coming commodity boom based on lowering interest rates.
Those of you LTH well done for not selling out. We all know Jubilee is going to at a minimum triple in the next two years.
"#copper mining equities should roughly double, on average." More so for JLP as production price is so low in comparison with mining. Every extre cent goes to the bottom line. Can't understand the reticence to buy as even with a poor prognosis this will double and much more.
Jefferies updates on #copper: The fundamental outlook for #copper is improving faster than we had previously anticipated. Based on our supply and demand forecasts, the #copper market is entering an extended period of deficits now. We expect this to lead to declining inventories and higher prices sooner than we had previously anticipated. The supply response to these higher prices will take too long to balance the market as the lead time to bring new capacity online is 5+ years for brownfields and 10+ years for greenfield projects. If growth in supply lags growth in underlying demand, as we expect, then demand destruction will be needed for the market to balance. This demand destruction will require a significantly higher price. Ultimately, we believe the #copper price will need to rise enough to incentivize the development of new greenfield projects that the world will need to meet demand, but that incentive price is well above $5/lb.
If #copper goes from $4/lb to $6/lb, as we expect over the next 2-3 years, #copper mining equities should roughly double, on average. This leverage to the #copper price in a cyclical upturn is clearly the reason to own the equities, in our view.
https://twitter.com/robert_ivanhoe/status/1771184429349970304?t=XPM60cXJnOSCAtvIXZk8Eg&s=19
Apologise - genuine mistake - I lump Sable and Roan together as copper production (wrongly). The delay in Roan has to be paid for somehow - maybe the pgm's cover this. My original point is cash is flowing out faster than it's coming in and the game changer is when this is no longer the case. End of April (?).