Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
No at 550 tolling is maxed out and grade is only half of what Leon sold investors.
I know September is a while ago now but maybe he’s forgotten:
“ Project Roan has been successfully ramped up to MAINTAIN its design throughput rate of 110 tonnes per hour needed to produce the targeted copper concentrate for refining at the Sable Refinery”
Are you saying that since in your opinion grades are low Roan will be exceeding it's processing capacity when producing 550 tpm and that if grades were to increase up to expected levels it will exceed it's production capacity?
That goes to you as well, Basscadet, you don't even understand the word grade FFS, you think it means processed.
Who seriously buys something they don't understand?
I warned you last year that cash flow was negative, keep watching and learning rookie
Haha! I nearly spat my tea out! I’ve got him back on filter for a bit but it’s good to know I’ve got him worried. Maybe it was because I posted this on the HUM board:
https://tinyurl.com/2s4w563n
I thought they deserved to know what a snake they have over there, as he’s likely to turn on them too at some point!
Bushy, "It's evident from previous activity that siesnev doesn't understand metallurgy, their recovery processes or entry level book keeping.
He is on the other hand very good at shouting very loudly when he doesn't understand or like presented facts. He has nothing to offer with regards to company insight or the future landscape based on current environments. He is a clown that will cost people money., I do not believe that someone who relentlessly posts such poorly informed vacuous dribble could actually have any kind of financial interest in the market.
"
Projection?
Jammer... it's al about grade... Roan isn't processing the grade required to feed Sable.
Leon needs to confirm throuput and recovery ratio's so the market can disseminate LOM for themselves. Cash position aside, even if that is the biggest reason for the share price collapse. Industry standard reporting would go along way here now.
500 mcap deserved fit and proper standards which have been oddly refused by the bod, the market is correct to wonder why especially with a dwindling cash and production profile.
It's evident from previous activity that siesnev doesn't understand metallurgy, their recovery processes or entry level book keeping.
He is on the other hand very good at shouting very loudly when he doesn't understand or like presented facts. He has nothing to offer with regards to company insight or the future landscape based on current environments. He is a clown that will cost people money., I do not believe that someone who relentlessly posts such poorly informed vacuous dribble could actually have any kind of financial interest in the market.
I've concluded he's either completely and utterly out of his depth or he is a paid Sunday Roast ramper (There is a overhang to the tune of a billion shares). Either way if you want to keep your sanity and your money, I'd strongly consider filtering him.
The early copper production at Sable didn’t come from concentrate, it was from direct leaching of tailings, creating an intermediate product which can be sold for early revenue during the expansion. Leon has previously mentioned that they plan to do the same thing in the North. It’s a fair point that the refinery is a lot bigger than Sable, hard to say how much more work might be needed to re-commission it.
It’s very possible that they intend to start on the Mufulira s la g project once the refinery is up and running, that could happen concurrently with the expansion of Roan. That’s assuming they do secure the Chambishi Metals Refinery and it happens in a reasonable timeframe.
Obviously all speculation until we hear something official from Jubilee.
That would seem a very optimistic timeline SeisNav for a refinery 3 to 4 times the size of the one at Kabwe. Jubilee will also need a new concentrating facility which presumably would be a significant expansion of the Roan facility before any refining can be done. Personally I cannot see any production of saleable metal over and above that coming from the Sable refinery until the first half of the FY 25. Isn’t that why Leon indicated a 24 K tonne copper capacity by the end of the 2024 calendar year to analysts?
Other comments from other sources on this board seem to not understand why there is such a low copper metal production target fro the end of this FY. We all know about the problems that were not overcome until the end of February. The final 4 months will also be curtailed by the expansion of the front end of the Roan concentrator to be able to put through ROM material as well as tailings from early May as indicated in the Q&A following the investor meet presentation by Leon.
We hit our numbers come May ,7p will be a distant memory. End of.
Big numbers and very welcome if we can keep the timeline!
Leon had mentioned that the President had talked in the media about the refinery tax situation getting resolved in April. I’ve had a search for that and couldn’t see anything directly mentioning it, however there is this from 17th March:
https://www.times.co.zm/?p=123339
“ The Head of State has also assured Copperbelt residents that Chambishi Metals whose full operations have been on halt for more than two years will soon resume to revive the economic fortunes of the region.”
The rest of the article is behind a paywall but I’m guessing that this is what Leon was referring to and if so it pretty much proves that Jubilee is looking to buy Chambishi Metals which then sets the ball rolling on the Mufulira s l a g project.
Hey I’m not hear to convince anyone one way or the other (unlike some of the less genuine posters here) just to share information. If you chose to stay invested or not is none of my business, in the end we are all responsible for our own investment decisions.
Yes there are questions to be answered;
Can Roan produce 700+ tonnes / month of material for Sable on a regular basis?
What will be the capacity of the expanded Roan?
What is the status of the Northern Refinery(s) and when will we be able to close the deal?
All valid questions which I hope we will get answers to over the coming months. I will be writing to the company next week with some questions of my own.
With the Northern expansion, a lot depends on the government resolving the tax situation with the current refinery owner, I’ll be watching the news this month to see if there is any sign of that happening. Yes it could continue to drag on but from what I’ve seen of HH he gets things done and I’m hopeful of a timely resolution with this. If I’m correct about Chambishi (and I might not be) then it would be a big plus for his government to get that back in production and providing employment for the area as well as copper / cobalt capacity.
As far as timelines for getting the refinery into production it’s all guesswork but the obvious example is Sable. Here’s the timeline for Sable:
Acquired Sable August 2019
Copper refining line commissioned December 2019
First high grade copper cathode produced December 2019
Sold first copper cathode in March 2020
Cobalt refining line commissioned May 2020
So about 4 months from acquiring the refinery to producing copper cathode. From that point it was about preparing to receive concentrate from the under construction Roan plant.
If the Northern refinery is in good shape then maybe we can expect a similar timeline for that?
So much bull**** from this company . I see Colin the RAMPER Doing a interview on Sunday Roast on Thursday PUMP PUMP . XTR need money like all companies this Scammer and Ramper is involved in. I guess paid for interview WOUKD not trust that SUNDAY ROAST TEAM ONE BIT. They get paid for talking bull**** .
Happy
We are on the same page
Yes Dorfan, everything has come to a head. Leon has pushed out ( not exactly his fault) everything to the point the market is absolutely fed up. I do feel for him as he must be under enormous pressure now. If he had been more truthful last year I think the market would have given him more leniency. Now that water and electricity can not be blamed there is no where to hide. I'm taking what Leon has said as the truth but this is the final time.
Happydays
Of course you are right. Bad figures in the next 3 months or no further progress reports on Mopani, Chambishi & Mulfulira in Zambia or further details on the East Limb in South Africa is a game changer for me.
I agree to invest in promises is a no go.
And Dorfan, I've been waiting 13 years now. I'll be out if what Leon has said doesn't come to light over these next 3 months. There are plenty of majors on discount at the moment paying great dividends as well.
We all in different stages of our life and everyone should do what's best for them. I believe these next 3 months are make or break for Jubilee in terms of what ROAN and SABLE can ACTUALLY produce. If they hit target I'll stay if they don't I'm out.
Happy days... You also need cash to build your dreams... JLP had just 15 million at the time of the last reporting period.
Where's the cash coming from to build all this extra refining capacity when they can't even meet out the capacity at Sable?
The reality check is.. what's on paper and what happens in real life are two different things. Less talk more action and more ACTUAL numbers. If we were hitting target Leon would be the first to let us know. Like I said these 3 months are telling.
Happydays
Not Really a reality check.If you agree with Seis but question the time line does it matter you might have to wait a year or even 2 to be part of the a highly successful company. The share price will take a little longer to get to 20p
Seis, I'm a fan of yours and appreciate all your hard work you put in and share with us.
I do have concerns though.. for JLP to go from 3000 tons to 24 000 tons per annum by end of 2024 I'm sorry but that's impossible, surely even you can admit that. If you look how long it's taken to get Roan straightened out ( and it's not even there yet) how can JLP possibly produce 24 000 tons by end of 2024, that's only 1 and half years away. Refurbishment of a second refinery would need to basically be on the go right now. I'm sorry but we at least another 2 years out and that's if we close out the Mopani deal. Anything to do with TAX and who owes what doesn't sound good and personally I don't see this issue going away anytime soon hence the major changes at Sable and Roan (which is a good thing). Yes Leon can say the president is getting involved but honestly I doubt he can wave a magic wand and make it disappear.
Below is on their website which I'm surprised hasn't been updated.
"In 2022 design work for our second copper processing facility in Zambia, Project Lechwe, was completed. This project targets a production level of 7 500 copper in concentrate per annum by the second quarter of calendar year 2023"
My best guess is that we hit 10 000 tons by June 2024. I can't see any other projects built or refurb and commissioned this year.
Everyone needs a reality check here.
I was first talking nonsense then I was just lucky, now I'm clueless again but look at this.....
A post from exactly 1 year ago when I was warning about the cash position. 100% in the SP needed just get back to this god awful day and this is why JLP is done, it was a 500million mcap bank with only 15 million in cash. Wake up people
"BushyTailed
Posted in: JLP
Posts: 1,448
Price: 14.70
Strong Sell
RE: Options20 Mar 2022 15:19
It's not the ARCAM deal was so bad at the time... What is bad is that JLP have demonstrated their ability and willingness to pay back debt.
Capital and compounded interest equates to settlement of circa 12 million. Considering how much money they're supposedly making from supposedly world class assets and processes then why couldn't they have settled from fcf or at least borrowed from a bank with their supposedly vastly improved finances and operations to settle the arcam agreement?
Truth is in the accounts... They're not making as much as some in here think and a bank won't lend against their operations, even with a 500mil mcap. Or, Leon will never be willing to pay a debt, so long as investors are happy to keep paying 3 times as much."
Seis
Thank you for reminding me why I invested in the company. There is massive growth potential in both countries.
Maybe I am to impatient and I can only hope communication will improve as the company grows