George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Dru, I've been invested 12 plus years in Jubilee then renamed to Jubilee Metals. Hope that fits the bill..
“The world’s leading organizations look to RBC Capital Markets as an innovative, trusted partner in capital markets, banking and finance. From insights and advisory services to excellence in execution, we help our clients create success”
The big boys inviting us in to their circles? This is a class move.
Quote for the day (or this 'waiting period') c/o Warren Buffet:
"The stock market is designed to transfer money from the active to the patient."
...perhaps followed up with another:
“Successful investing takes time, discipline, and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.”
:)
Never really quite got what value brokers add Mikie so not my field really. From what you are saying does it mean they could bring in institutions to have a shareholding here. I assume they will be telling all their clients all about JLP and their prospects?
Frog, that is very interesting news. Jubilee are moving into a different arena. RBC are a major player. Especially financing! From their website: “RBC Capital Markets is a leading and longstanding player in the international commodities space. We bring industry-recognized sales and trading capabilities to the table – risk management, hedging and financing solutions. We operate in all major commodity areas – from crude oil, natural gas and carbon emissions to metals and agriculture. With a dedicated Commodities team, we are able to provide clients with superior expertise and timely insights into an ever-changing market, while emphasizing the deep client service that is RBC Capital Markets’ hallmark.”
Jubilee moving into a different phase of their development.
I think they are waiting to see numbers on copper now Happydays so we might have a little longer to wait just yet.
Sumoskier, it is not really delays that make me negative, more so I believe as shareholders we get miss-led, are told things that are not realistic or just plain untrue. As a result, especially those previously burnt increasingly take what JLP say with a pinch of salt and I think that shows in the share price not really ticking up as it maybe it would have - added to never ending dubious warrants issues and dilutions watering down peoples investments. If and when JLP do finally deliver, sp will no doubt respond, BUT think value will remain on lower end of the range for the above reasons. I am currently almost totally out as I am fed up of waiting while missing out elsewhere in safer bluechips (eg even Lloyds has done me very well recently). I am still here watching ans prepared to jump in should they get it together, but its delayed again and 6 weeks is a long time for an investment to sit doing nothing in the current climate.
Sorry I need to proof read before I push post. But you get my point.
Quite frustrating any slight negative news and the share price drops 10%. Then any positive like today like the two new 5 small copper miners JVs and share price does absolutely nothing.
You would think every copper JV they get the share price moves atleast 2p up!!
Every green article is mostly about Copper and yet NOTHING IS PRICED INTO JUBILEE.
Strange times we living in. It will change just bloody frustrating at the moment... patience patience 🙏
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