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RBC, very interesting indeed
Ultimately JLP simply has to deliver on what it says. Start producing reasonable amounts of Copper at good margin. Any rise in the Copper price is secondary? Investors are largely negative on promises after so many delays hence the low SP?
Hi Prof and all LTH
I feel very much as you do.There are many pluses but there are minuses which you have listed
I agree with you about risks of doing business in African countries .I believe Zambia have a stable pro business government but that South Africa under it's ANC government is a failed state which hopefully if the population wakes up to the corruption will change next month but I am not that optimistic. However both country's have a common goal which is to create jobs and earn foreign currency and they need Jubilee as much as Jubilee needs them.
After all Jubilee will be responsible for doing both but in addition is performing a clean up job in both countries which is much needed so I dismiss any problems relating to location. I have taken the view that sanity by both governments will prevail.
So we are back to prices of key metals and the ability by Jubilee to produce copper as promised.
Having been in the chrome business I agree that chrome prices are unpredictable but with China and India needing a huge amount of stainless steel the prices should at least stay constant for a while. Of course I hope that Leon can increase profit margins Jubilee will be getting on chrome and history to date seems to suggest he can.
I am more positive than negative on copper which will be needed world wide and I have little doubt that copper prices are more likely to go up than down, and furthermore I believe with PGM'S prices are more likely to recover than to retreat .So we are back to my main concern which is can Jubilee produce copper as promised..All I can say about this is on evidence to date,with the new J/V and Slater increasing his holding in the company copper is likely to become the biggest producer of revenue by year end 2025.
As you can see I am bullish on future prospects for Jubilee.
I've double checked with my Mum and she confirms I'm deffo spelling my name right which forms part my user name. Thanks for the concern though, appreciated 🙂
Hi Dorfan,
Agreed that is a key factor however there is also geo-political risk, copper prices and chrome prices. I don't say PGM prices as they are so low that I feel they can only go up. Having said I am pretty confident based on what I am reading that copper will move up and chrome should at least stay steady. Geo-political will stop me going up to a large percentage of my portfolio but I am ok enough with it to buy some more.
As to can we produce the copper - yes but when is the key question given the endless delays. I think we are probably to the back end of our waiting but then again it seems to be one thing after another even when we seem to have a clear road ahead.
Apologies that I am playing my mental musings out loud. I think I am convincing myself that I should buy some more!
Best wishes,
Prof
On a more serious note, Gray1 I appreciate the Copper forecast earlier and agree it would be good to hear some others thoughts on this. I haven't crunched numbers but makes reasonable sense to me and shows fair value to be a circa 100% upside. just need to produce it.
Ok, no problem Gray1. Normal service tomorrow and I hope there's some good debate because it's good to read both sides of a debate when there's facts supporting both arguments and opinions are declared as such. That's what's healthy as I'm fairly sure from reading your posts you will agree.
Herorororoic who can't spell Heroic.....please note this is how normal people do things. I was annoyed for being brought into stuff for no reason, Gray1 said sorry, it's all fine and done and dusted. You could learn a lot from this encounter.
Got real ardbegger et al, please can you make your rants a bit shorter? I'm enjoying the laugh but it's getting late and I'm running out of popcorn. Cheers.
If I am mistaken I apologise Ardbeggar, Maybe I am getting paranoid. I have done my best not to argue with gotreal but he could argue in an empty room.
I am supposed to have an agenda, part of a boiler room, twisted, imbecile etc.
^^ aaaaaand none of that was me whatsoever.
What do you want me to say no I don't. You call me pompous and then say I have a reasonable opinion. I try to be but this board has members with very similar aggressive, bully tactics. I have lost count how many times I am supposed to have an agenda, part of a boiler room, twisted, imbecile etc.
Gray1, what exactly is your problem with me?
Gotreal/Ardbeggar at it again I see so predictable
'I accept your response' How very pompous.
As I've said before I generally only post when someone has just told an outright lie and it needs correcting. I started this account to sort out Bushytailed as he did it quite a lot. He's gone now so I am more than happy to go back to just reading the posts, unless for instance I get actively brought into discussion which Kalan keeps doing.
Gray1, I haven't responded to your posts as you state opinion as opinion and have a perfectly reasonable point of view. Don't start calling me a bully because I had to correct Kalan and he misrepresented the whole thing multiple times and is at it again tonight. The other day the clown was calling my motives into question just because I was interested to ask what people's % of their portfolio JBL is. That's really useful info for interpreting sentiment, reading the board with a nuanced view etc. as well as good for debate. He posts ok stuff for a few days then repeats the same naughty behaviours again, it's very tiresome and I'm not the only one to see it/point it out. I'm happy to leave him alone until he does it again. He's not even invested in JBL at the moment but still posting daily. I certainly and absolutely do not attempt to shutdown debate btw, have I commented at all today on the fairly fierce back and forth that's gone on? No, I haven't, because it's been about opinion vs opinion which is absolutely fine. I'm only going to wade in if there's lies being spread deliberately to sour sentiment or if someone wants to pick a fight with me, like you are now doing for no reason at all. If you want to fight with Gotreal go ahead, I really don't care. Don't start bringing me into things though please.
'I accept your response'
Ok
No, they disappeared in a flurry of posts so I didn't really look at them. To be honest I've found trying to forecast too far ahead with Jubilee is generally a waste of effort. Too many unknowns really. I'll have a look tomorrow if I get a chance.
Fair enough Seisnav I accept your response. The others have very similar posting styles.
Have you had a chance to have a look at the financials I posted early one entitled Chrome, pgms and the other Copper interested in anyones opinion.
Have a look at my posting history Gray1. I generally post factual information. I certainly don't look to pick fight with people but I find people who deliberately mislead others when it suits them highly objectionable.
Seisnav as well just how many has he got beggars belief.
I can't remember that particular situation but I certainly wouldn't apologise for calling you a liar Kalan. You are a liar when it suits you.
Are these the same person. They all have the same bullying, aggressive style of posting and try and shut down any debate calling people liars, twisted, agenda, misrepresenting etc. and yet offer very little of value in return.
"At the time of the RNS on the module being tested and complete, everyone, except one person, thought it just needed dismantling, shipping painting and re-building. I categorically stated that I didn't believe the electronics could have been sourced, made, fitted and tested. I was rounded on by you, Ardbeggar, seisnav and shuvlin - not one of the 4 of you (or is 1,2 or 3 of you) have had the good grace to apologise for calling me a liar."
^^
Kalan I like to give you every chance mate but I'm leaning towards agreeing with other people that you misrepresent and outright lie really quite commonly on here. You just decided to bring me into an argument and have an open dig at me for something I never had a go at you about. I called you out for stating opinions as facts if you recall. So what was this just now, was it an accidental misrepresentation of our previous discussion or are you deliberately lying about what I said to create a fake divide between a few others and yourself and your new friend? This isn't the first time you've cried about it as well, you've brought this up at least 3 times now. When are you going to belt up man, it's ridiculous.
Forgive my ignorance but what do you mean by posts from the boiler room.
Constructive as ever shuvlin. Consistent I'll give you that you sound like Gotreal along with alter egos stukey and shareswotter now off you pop and tick each other up.