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JLPpositive
Sorry I am quite confused by your post. The main resolution of the general meeting was to issue up to 10% of the share capital. I don't quite follow what you are saying. Can you be more specific?
Regarding the 25K ton/pa target within 4 years, you might recall that was issued 3 years, but anyway delays are normal and can be forgiven. What gives me grief is when a CEO sets expectations and does nothing to realign those expectations when unforeseen circumstances arise.
Goreal,
Yes, I noticed that. They WILL (imo) be a reason that those two metals were mentioned specifically. We just don’t know that reason…. Yet!
BB2
As if people are valuing the company on the short term numbers; the value is in the strategy, the technical advantage over the competition and the potential for even greater growth in future. Did anyone else notice that at the end of the Proactive Investors pitch Leon specifically mentioned Nickel and Lithium on top of the basket of metals already able to be produced?
@Clowney - your mail is that of a desperate man/woman ... "..I didn't see a single bit of good news...." What an effing clown.
@HTC
I think you should view the presentation given in March, Homey, which was prior to the GM:
https://jubileemetalsgroup.com/wp-content/uploads/2022/05/20220313-Jubilee-March-Roadshow-FINAL.pdf
You will see that almost everything mentioned in the RNS is included in that presentation, so your assertion about LC needing the resolution to press the confetti button is not correct.
You are most certainly entitled to your opinion, my opinion is that you are incorrect on a number of your comments. There are a number of reasons why Roan has been delayed. It doesn't take away from the fact that JLP will be producing 25 000 tonnes per annum within 4 years.
For me the meeting and RNS merely confirms that we have progressed as a Company and a plant on the Eastern Limb will enhance earnings.
In short, it is still a no brainer to accumulate JLP on share price weakness.
GLA
Thats an easy one Sumo - he/she is short and has admitted as much
Homey, with so many negative comments I still wonder why you bother being here?
gotreal
I can always rely on you to be most offended by reality. You couldn't organize a constructive post if you had Bob the Builder by your side. Try to argue any of the points I have made. I know you won't because you can't or you just prefer to munch on the blue pill (FYI matrix reference). Best you step aside and the let the adults have a healthy debate.
If you post stupid messages like that then you shouldn't expect any different.
As expected the usual insults start flying my way but I would prefer someone try to match my posts with substance to debate the points I have made. Most here just like to sweep the bad news under the carpet and focus on an overly-optimistic future.
Jonah
Yes, that is a fair point regarding the flexibility. Let's hope it translates to financial performance improvements.
"I had a chance to read the RNS properly and I didn’t see a single bit of good news...." What a twat.
Hi HTC. One point you didn't mention in your somewhat downbeat analysis of the Inyoni expansion project is the flexibility it gives us with regard to composition of the feed. This improves not only the resilience of the operation but also its longevity. This will add value in the long term which is not easy to quantify using the sort of fag packet calculations so beloved of retail investors posting on bulletin boards.
Lol, Seis, he didn’t even mention for the sake of balance once! Just out and out deramping now!!
Homey you are clearly posting for your own agenda here. Not even attempting to hide it these days!
Roan
The operational ramp up was meant to be completed during May 2022 and has now slipped to July 2022. So another 2 month delay which makes a total of 4 months delay based on the copper production estimates published last year. I am sure JLP will still claim an on-budget on-time project delivered whenever it finally ramps up.
Cobalt
Whilst it is nice to see JLP building the cobalt circuit there was absolutely no mention of production estimates. Considering JLP told us cobalt doesn’t come online until the Northern strategy starts, it is rather confusing why they are building the cobalt circuit now. It would have been nice to inform the market what the intention is with the cobalt circuit given the pivot from previous guidance.
EPS FY21/22
Somebody mentioned that WH Ireland are still estimating a EPS of 1.9p for this financial year. Laughable. JLP will be lucky if they can manage 1.5p even with the weaker GBP. My estimate is 1.2p.